GECER'IMMO: what changed
Two financial 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.
GECER'IMMO
Largest movements
- Tangible fixed assets +€42,662
up €42,662 (+4.9%), from €876,776 to €919,438
- Profit (loss) carried forward +€27,918
up €27,918 (+6.3%), from €440,342 to €468,260
- Other debts +€24,650
up €24,650 (+12.0%), from €205,900 to €230,550
- Tax, wage and social debts -€10,409
no longer reported in 2025 (was €10,409)
- Gross operating margin -€2,656
down €2,656 (-5.5%), from €48,297 to €45,641
- Taxes -€664
down €664 (-6.7%), from €9,970 to €9,306
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.
Derived cash bridge
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 | €877,196 | €921,291 | +€44,095 | +5.0% |
| Fixed assets | 21/28 | €876,776 | €919,438 | +€42,662 | +4.9% |
| Tangible fixed assets | 22/27 | €876,776 | €919,438 | +€42,662 | +4.9% |
| Other tangible fixed assets | 26 | €876,776 | €919,438 | +€42,662 | +4.9% |
| Current assets | 29/58 | €419 | €1,852 | +€1,433 | +342% |
| Amounts receivable within one year | 40/41 | €116 | €780 | +€664 | +573% |
| Other amounts receivable | 41 | €116 | €780 | +€664 | +573% |
| Cash at bank and in hand | 54/58 | €303 | €1,072 | +€769 | +253% |
| Total equity and liabilities | 10/49 | €877,196 | €921,291 | +€44,095 | +5.0% |
| Equity | 10/15 | €660,342 | €688,260 | +€27,918 | +4.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €440,342 | €468,260 | +€27,918 | +6.3% |
| Amounts payable | 17/49 | €216,853 | €233,031 | +€16,178 | +7.5% |
| Amounts payable within one year | 42/48 | €216,853 | €233,031 | +€16,178 | +7.5% |
| Trade debts | 44 | €545 | €2,481 | +€1,936 | +356% |
| Suppliers | 440/4 | €545 | €2,481 | +€1,936 | +356% |
| Taxes, remuneration and social security | 45 | €10,409 | - | -€10,409 | |
| Taxes | 450/3 | €10,409 | - | -€10,409 | |
| Other amounts payable | 47/48 | €205,900 | €230,550 | +€24,650 | +12.0% |
| Non-recurring operating income | 76A | €50,926 | €50,926 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,264 | €8,264 | = | 0.0% |
| Gross operating margin | 9900 | €48,297 | €45,641 | -€2,656 | -5.5% |
| Operating profit (loss) | 9901 | €40,033 | €37,377 | -€2,656 | -6.6% |
| Financial charges | 65/66B | €152 | €153 | +€2 | +1.0% |
| Recurring financial charges | 65 | €152 | €153 | +€2 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €39,882 | €37,224 | -€2,658 | -6.7% |
| Income taxes | 67/77 | €9,970 | €9,306 | -€664 | -6.7% |
| Profit (loss) for the period | 9904 | €29,911 | €27,918 | -€1,993 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,911 | €27,918 | -€1,993 | -6.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.