Geenens: what changed
What changed
Geenens
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€98,177
2024 · €77,875+€20,302
Equity
€419,577
2024 · €354,216+€65,361
Cash
€275,827
2024 · €315,604-€39,777
Balance sheet total
€471,931
2024 · €426,238+€45,693
Largest movements
Assets
- Current investments +€92,049
up €92,049 (+150%), from €61,215 to €153,264
- Cash -€39,777
down €39,777 (-12.6%), from €315,604 to €275,827
mainly Current investments (-€92,049) and Contributions, distributions and other (-€32,816)
- Stocks and contracts -€5,547
down €5,547 (-29.3%), from €18,958 to €13,411
of which Contracts in progress: -€7,000
Equity and liabilities
- Reserves +€65,361
up €65,361 (+19.5%), from €335,616 to €400,977
- Other debts -€12,556
down €12,556 (-26.8%), from €46,843 to €34,287
- Tax, wage and social debts -€7,061
down €7,061 (-74.1%), from €9,533 to €2,471
Income statement
- Gross operating margin +€30,080
up €30,080 (+28.0%), from €107,588 to €137,668
- Taxes +€9,466
up €9,466 (+31.0%), from €30,583 to €40,049
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€77,875
Gross operating margin
+€30,080
Depreciation
+€383
Other operating charges
-€4
Financial income
-€214
Financial charges
-€477
Taxes
-€9,466
Result 2025
€98,177
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€89,139
Investment
-€93,100
Financing
-€35,816
Cash 2024
€315,604
From operations (derived)
+€89,139
Net result for the year
+€98,177
Depreciation
+€2,189
Stocks and contracts
+€5,547
Smaller working-capital items
-€106
Trade debts
-€389
Tax, wage and social debts
-€7,061
Other debts
-€12,556
Accrued charges and deferred income
+€3,339
Investment (derived)
-€93,100
Investment in fixed assets (net)
-€1,051
Current investments
-€92,049
Financing
-€35,816
Debts after one year
-€3,000
Contributions, distributions and other
-€32,816
Cash 2025
€275,827
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €426,238 | €471,931 | +€45,693 | +10.7% |
| Fixed assets | 21/28 | €4,266 | €3,128 | -€1,139 | -26.7% |
| Tangible fixed assets | 22/27 | €4,266 | €3,128 | -€1,139 | -26.7% |
| Plant, machinery and equipment | 23 | €3,861 | €3,128 | -€733 | -19.0% |
| Furniture and vehicles | 24 | €406 | - | -€406 | |
| Current assets | 29/58 | €421,971 | €468,803 | +€46,831 | +11.1% |
| Stocks and contracts in progress | 3 | €18,958 | €13,411 | -€5,547 | -29.3% |
| Stocks | 30/36 | €958 | €2,411 | +€1,453 | +152% |
| Contracts in progress | 37 | €18,000 | €11,000 | -€7,000 | -38.9% |
| Amounts receivable within one year | 40/41 | €25,219 | €25,299 | +€81 | +0.3% |
| Trade receivables | 40 | €11,664 | €24,516 | +€12,852 | +110% |
| Other amounts receivable | 41 | €13,555 | €783 | -€12,772 | -94.2% |
| Current investments | 50/53 | €61,215 | €153,264 | +€92,049 | +150% |
| Cash at bank and in hand | 54/58 | €315,604 | €275,827 | -€39,777 | -12.6% |
| Deferred charges and accrued income | 490/1 | €976 | €1,002 | +€26 | +2.6% |
| Total equity and liabilities | 10/49 | €426,238 | €471,931 | +€45,693 | +10.7% |
| Equity | 10/15 | €354,216 | €419,577 | +€65,361 | +18.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €335,616 | €400,977 | +€65,361 | +19.5% |
| Distributable reserves | 133 | €335,616 | €400,977 | +€65,361 | +19.5% |
| Amounts payable | 17/49 | €72,022 | €52,354 | -€19,668 | -27.3% |
| Amounts payable after more than one year | 17 | €11,712 | €8,712 | -€3,000 | -25.6% |
| Financial debts | 170/4 | €11,712 | €8,712 | -€3,000 | -25.6% |
| Amounts payable within one year | 42/48 | €59,241 | €39,234 | -€20,006 | -33.8% |
| Trade debts | 44 | €2,865 | €2,476 | -€389 | -13.6% |
| Suppliers | 440/4 | €2,865 | €2,476 | -€389 | -13.6% |
| Taxes, remuneration and social security | 45 | €9,533 | €2,471 | -€7,061 | -74.1% |
| Taxes | 450/3 | €9,533 | €2,471 | -€7,061 | -74.1% |
| Other amounts payable | 47/48 | €46,843 | €34,287 | -€12,556 | -26.8% |
| Accrued charges and deferred income | 492/3 | €1,068 | €4,407 | +€3,339 | +312% |
| Non-recurring operating income | 76A | €18,750 | - | -€18,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,572 | €2,189 | -€383 | -14.9% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €107,588 | €137,668 | +€30,080 | +28.0% |
| Operating profit (loss) | 9901 | €104,875 | €135,334 | +€30,459 | +29.0% |
| Financial income | 75/76B | €3,752 | €3,538 | -€214 | -5.7% |
| Recurring financial income | 75 | €3,752 | €3,538 | -€214 | -5.7% |
| Financial charges | 65/66B | €169 | €646 | +€477 | +282% |
| Recurring financial charges | 65 | €169 | €646 | +€477 | +282% |
| Profit (loss) for the period before taxes | 9903 | €108,458 | €138,226 | +€29,768 | +27.4% |
| Income taxes | 67/77 | €30,583 | €40,049 | +€9,466 | +31.0% |
| Profit (loss) for the period | 9904 | €77,875 | €98,177 | +€20,302 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,875 | €98,177 | +€20,302 | +26.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.