GEEKAT: 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.
What changed
GEEKAT
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€18,232
2024 · €5,160+€13,072
Equity
€28,957
2024 · €10,725+€18,232
Cash
€8,890
2024 · €19,824-€10,934
Balance sheet total
€2.0m
2024 · €1.9m+€96,255
Largest movements
Assets
- Tangible fixed assets +€95,341
up €95,341 (+5.0%), from €1.9m to €2.0m
of which Land and buildings: +€123,018
Equity and liabilities
- Other debts +€222,414
up €222,414 (+30.4%), from €732,234 to €954,648
- Debts after one year -€129,182
down €129,182 (-13.3%), from €969,062 to €839,880
of which Financial debts: -€120,182
- Profit (loss) carried forward +€29,267
up €29,267 (+13.4%), from -€218,788 to -€189,520
Income statement
- Other operating charges -€15,326
down €15,326 (-59.4%), from €25,820 to €10,494
- Gross operating margin +€7,769
up €7,769 (+5.4%), from €144,318 to €152,086
- Depreciation +€6,759
up €6,759 (+6.8%), from €99,229 to €105,989
- Write-downs +€5,631
up €5,631, from -€5,631 to €0
- Financial charges -€2,024
down €2,024 (-8.7%), from €23,231 to €21,207
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.
Result 2024
€5,160
Gross operating margin
+€7,769
Depreciation
-€6,759
Write-downs
-€5,631
Other operating charges
+€15,326
Financial income
-€285
Financial charges
+€2,024
Taxes
+€628
Result 2025
€18,232
raises the resultlowers the result
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.
From operations
+€319,764
Investment
-€201,329
Financing
-€129,369
Cash 2024
€19,824
From operations (derived)
+€319,764
Net result for the year
+€18,232
Depreciation
+€105,989
Receivables within one year
-€15,480
Deferred charges and accrued income
+€3,632
Provisions
-€5,503
Trade debts
-€3,768
Tax, wage and social debts
-€6,051
Other debts
+€222,414
Accrued charges and deferred income
+€300
Investment (derived)
-€201,329
Investment in fixed assets (net)
-€201,329
Financing
-€129,369
Debts after one year
-€129,182
Current portion of long-term debt
-€186
Cash 2025
€8,890
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,943,852 | €2,040,106 | +€96,255 | +5.0% |
| Fixed assets | 21/28 | €1,901,593 | €1,996,934 | +€95,341 | +5.0% |
| Tangible fixed assets | 22/27 | €1,897,772 | €1,993,113 | +€95,341 | +5.0% |
| Land and buildings | 22 | €1,814,326 | €1,937,344 | +€123,018 | +6.8% |
| Plant, machinery and equipment | 23 | €1,150 | €0 | -€1,150 | -100% |
| Furniture and vehicles | 24 | €82,297 | €55,769 | -€26,528 | -32.2% |
| Financial fixed assets | 28 | €3,821 | €3,821 | = | 0.0% |
| Current assets | 29/58 | €42,258 | €43,172 | +€914 | +2.2% |
| Amounts receivable within one year | 40/41 | €18,321 | €33,801 | +€15,480 | +84.5% |
| Trade receivables | 40 | €16,090 | €33,801 | +€17,711 | +110% |
| Other amounts receivable | 41 | €2,230 | €0 | -€2,230 | -100% |
| Cash at bank and in hand | 54/58 | €19,824 | €8,890 | -€10,934 | -55.2% |
| Deferred charges and accrued income | 490/1 | €4,114 | €482 | -€3,632 | -88.3% |
| Total equity and liabilities | 10/49 | €1,943,852 | €2,040,106 | +€96,255 | +5.0% |
| Equity | 10/15 | €10,725 | €28,957 | +€18,232 | +170% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €210,921 | €199,885 | -€11,036 | -5.2% |
| Tax-exempt reserves | 132 | €176,061 | €165,025 | -€11,036 | -6.3% |
| Distributable reserves | 133 | €34,859 | €34,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€218,788 | -€189,520 | +€29,267 | +13.4% |
| Provisions and deferred taxes | 16 | €90,152 | €84,649 | -€5,503 | -6.1% |
| Deferred taxes | 168 | €90,152 | €84,649 | -€5,503 | -6.1% |
| Amounts payable | 17/49 | €1,842,974 | €1,926,500 | +€83,526 | +4.5% |
| Amounts payable after more than one year | 17 | €969,062 | €839,880 | -€129,182 | -13.3% |
| Financial debts | 170/4 | €949,162 | €828,980 | -€120,182 | -12.7% |
| Other amounts payable | 178/9 | €19,900 | €10,900 | -€9,000 | -45.2% |
| Amounts payable within one year | 42/48 | €873,912 | €1,086,320 | +€212,409 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €120,369 | €120,182 | -€186 | -0.2% |
| Trade debts | 44 | €8,568 | €4,800 | -€3,768 | -44.0% |
| Suppliers | 440/4 | €8,568 | €4,800 | -€3,768 | -44.0% |
| Taxes, remuneration and social security | 45 | €12,741 | €6,690 | -€6,051 | -47.5% |
| Taxes | 450/3 | €12,741 | €5,690 | -€7,051 | -55.3% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €732,234 | €954,648 | +€222,414 | +30.4% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Non-recurring operating income | 76A | - | €9,942 | +€9,942 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,229 | €105,989 | +€6,759 | +6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,631 | €0 | +€5,631 | |
| Other operating charges | 640/8 | €25,820 | €10,494 | -€15,326 | -59.4% |
| Gross operating margin | 9900 | €144,318 | €152,086 | +€7,769 | +5.4% |
| Operating profit (loss) | 9901 | €24,900 | €35,604 | +€10,704 | +43.0% |
| Financial income | 75/76B | €285 | €0 | -€285 | -100% |
| Recurring financial income | 75 | €285 | €0 | -€285 | -100% |
| Financial charges | 65/66B | €23,231 | €21,207 | -€2,024 | -8.7% |
| Recurring financial charges | 65 | €23,231 | €21,207 | -€2,024 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €1,953 | €14,397 | +€12,444 | +637% |
| Transfer from deferred taxes | 780 | €5,503 | €5,503 | = | 0.0% |
| Income taxes | 67/77 | €2,297 | €1,669 | -€628 | -27.4% |
| Profit (loss) for the period | 9904 | €5,160 | €18,232 | +€13,072 | +253% |
| Transfer from tax-exempt reserves | 789 | €11,036 | €11,036 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,195 | €29,267 | +€13,072 | +80.7% |
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.