GE Immo: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GE Immo
Largest movements
- Cash -€63,044
down €63,044 (-79.8%), from €78,996 to €15,953
mainly Investment in fixed assets (net) (-€56,170) and Debts after one year (-€29,194)
- Tangible fixed assets +€26,564
up €26,564 (+16.2%), from €164,399 to €190,964
of which Plant, machinery and equipment: +€60,697
- Receivables within one year -€10,139
down €10,139 (-40.1%), from €25,277 to €15,139
of which Other amounts receivable: -€12,148
- Deferred charges and accrued income -€9,417
no longer reported in 2025 (was €9,417)
- Debts after one year -€29,194
no longer reported in 2025 (was €29,194)
- Current portion of long-term debt -€16,526
no longer reported in 2025 (was €16,526)
- Profit (loss) carried forward -€13,744
down €13,744 (-30.9%), from €44,551 to €30,807
- Gross operating margin -€10,328
down €10,328 (-22.4%), from €46,124 to €35,796
- Other operating charges +€6,563
up €6,563 (+60.7%), from €10,816 to €17,380
- Depreciation -€4,522
down €4,522 (-13.3%), from €34,127 to €29,605
- Financial charges -€2,051
down €2,051 (-42.0%), from €4,881 to €2,830
- Write-downs -€1,197
no longer reported in 2025 (was €1,197)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €278,090 | €222,055 | -€56,035 | -20.1% |
| Fixed assets | 21/28 | €164,399 | €190,964 | +€26,564 | +16.2% |
| Tangible fixed assets | 22/27 | €164,399 | €190,964 | +€26,564 | +16.2% |
| Land and buildings | 22 | €142,278 | €117,117 | -€25,161 | -17.7% |
| Plant, machinery and equipment | 23 | €13,151 | €73,847 | +€60,697 | +461.5% |
| Furniture and vehicles | 24 | €8,971 | - | -€8,971 | |
| Current assets | 29/58 | €113,691 | €31,091 | -€82,599 | -72.7% |
| Amounts receivable within one year | 40/41 | €25,277 | €15,139 | -€10,139 | -40.1% |
| Trade receivables | 40 | €5,024 | €7,033 | +€2,009 | +40.0% |
| Other amounts receivable | 41 | €20,253 | €8,106 | -€12,148 | -60.0% |
| Cash at bank and in hand | 54/58 | €78,996 | €15,953 | -€63,044 | -79.8% |
| Deferred charges and accrued income | 490/1 | €9,417 | - | -€9,417 | |
| Total equity and liabilities | 10/49 | €278,090 | €222,055 | -€56,035 | -20.1% |
| Equity | 10/15 | €222,845 | €209,101 | -€13,744 | -6.2% |
| Contributions | 10/11 | €115,106 | €115,106 | = | 0.0% |
| Reserves | 13 | €63,188 | €63,188 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,363 | €13,363 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,363 | €13,363 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,824 | €49,824 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,551 | €30,807 | -€13,744 | -30.9% |
| Amounts payable | 17/49 | €55,245 | €12,955 | -€42,291 | -76.6% |
| Amounts payable after more than one year | 17 | €29,194 | - | -€29,194 | |
| Financial debts | 170/4 | €29,194 | - | -€29,194 | |
| Amounts payable within one year | 42/48 | €26,051 | €12,955 | -€13,096 | -50.3% |
| Current portion of amounts payable after more than one year | 42 | €16,526 | - | -€16,526 | |
| Trade debts | 44 | €9,525 | €11,705 | +€2,180 | +22.9% |
| Suppliers | 440/4 | €9,417 | €11,705 | +€2,288 | +24.3% |
| Bills of exchange payable | 441 | €108 | - | -€108 | |
| Advances received on contracts in progress | 46 | - | €1,250 | +€1,250 | |
| Non-recurring operating income | 76A | €5,024 | €4,691 | -€333 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,127 | €29,605 | -€4,522 | -13.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,197 | - | -€1,197 | |
| Other operating charges | 640/8 | €10,816 | €17,380 | +€6,563 | +60.7% |
| Non-recurring operating charges | 66A | €121 | - | -€121 | |
| Gross operating margin | 9900 | €46,124 | €35,796 | -€10,328 | -22.4% |
| Operating profit (loss) | 9901 | -€138 | -€11,189 | -€11,051 | -8034.5% |
| Financial income | 75/76B | - | €274 | +€274 | |
| Recurring financial income | 75 | - | €274 | +€274 | |
| Financial charges | 65/66B | €4,881 | €2,830 | -€2,051 | -42.0% |
| Recurring financial charges | 65 | €4,881 | €2,830 | -€2,051 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,018 | -€13,744 | -€8,726 | -173.9% |
| Profit (loss) for the period | 9904 | -€5,018 | -€13,744 | -€8,726 | -173.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,018 | -€13,744 | -€8,726 | -173.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.