GEERIMMO: 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
GEERIMMO
NACE 71.111, Activities of building architects
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€3.5m
2023 · €216,737+€3.3m
Equity
€8.0m
2023 · €4.5m+€3.5m
Cash
€2,489
2023 · €150,065-€147,576
Balance sheet total
€62.9m
2023 · €58.4m+€4.5m
Largest movements
Assets
- Tangible fixed assets +€9.4m
up €9.4m (+31.4%), from €29.8m to €39.1m
of which Land and buildings: +€9.3m
- Receivables within one year -€3.1m
down €3.1m (-13.8%), from €22.3m to €19.3m
of which Trade receivables: -€8.5m
- Stocks and contracts -€1.6m
down €1.6m (-26.5%), from €6.1m to €4.5m
Equity and liabilities
- Reserves +€3.6m
up €3.6m (+93.5%), from €3.9m to €7.5m
of which Tax-exempt reserves: +€3.4m
- Trade debts +€1.6m
up €1.6m (+132.4%), from €1.2m to €2.9m
- Short-term financial debts -€1.2m
down €1.2m (-3.4%), from €34.3m to €33.1m
- Provisions +€1.1m
new in 2024: €1.1m
- Debts after one year -€713,071
down €713,071 (-4.6%), from €15.7m to €15.0m
Income statement
- Gross operating margin +€5.3m
up €5.3m (+125.5%), from €4.2m to €9.5m
- Financial charges +€856,265
up €856,265 (+47.8%), from €1.8m to €2.6m
From the 2023 result to the 2024 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 2023
€216,737
Gross operating margin
+€5.3m
Staff costs
-€559
Depreciation
-€63,310
Other operating charges
-€2,390
Financial income
+€169
Financial charges
-€856,265
Taxes
+€60,466
Deferred taxes and other
-€1.1m
Result 2024
€3.5m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€12.6m
Investment
-€10.9m
Financing
-€1.8m
Cash 2023
€150,065
From operations (derived)
+€12.6m
Net result for the year
+€3.5m
Depreciation
+€1.6m
Stocks and contracts
+€1.6m
Receivables within one year
+€3.1m
Provisions
+€1.1m
Trade debts
+€1.6m
Tax, wage and social debts
+€83,645
Other debts
-€33,229
Investment (derived)
-€10.9m
Investment in fixed assets (net)
-€10.9m
Financing
-€1.8m
Debts after one year
-€713,071
Current portion of long-term debt
+€44,201
Short-term financial debts
-€1.2m
Cash 2024
€2,489
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,379,366 | €62,879,420 | +€4.5m | +7.7% |
| Fixed assets | 21/28 | €29,756,042 | €39,113,314 | +€9.4m | +31.4% |
| Tangible fixed assets | 22/27 | €29,756,042 | €39,113,314 | +€9.4m | +31.4% |
| Land and buildings | 22 | €29,750,273 | €39,100,010 | +€9.3m | +31.4% |
| Plant, machinery and equipment | 23 | €2,627 | €1,692 | -€934 | -35.6% |
| Furniture and vehicles | 24 | €3,143 | €11,612 | +€8,469 | +269.5% |
| Current assets | 29/58 | €28,623,324 | €23,766,105 | -€4.9m | -17.0% |
| Stocks and contracts in progress | 3 | €6,132,624 | €4,505,772 | -€1.6m | -26.5% |
| Stocks | 30/36 | €6,132,624 | €4,505,772 | -€1.6m | -26.5% |
| Amounts receivable within one year | 40/41 | €22,340,635 | €19,257,844 | -€3.1m | -13.8% |
| Trade receivables | 40 | €8,896,966 | €425,634 | -€8.5m | -95.2% |
| Other amounts receivable | 41 | €13,443,670 | €18,832,211 | +€5.4m | +40.1% |
| Cash at bank and in hand | 54/58 | €150,065 | €2,489 | -€147,576 | -98.3% |
| Total equity and liabilities | 10/49 | €58,379,366 | €62,879,420 | +€4.5m | +7.7% |
| Equity | 10/15 | €4,472,244 | €7,986,756 | +€3.5m | +78.6% |
| Contributions | 10/11 | €347,051 | €347,051 | = | 0.0% |
| Capital | 10 | €347,051 | €347,051 | = | 0.0% |
| Issued capital | 100 | €347,051 | €347,051 | = | 0.0% |
| Reserves | 13 | €3,897,414 | €7,541,039 | +€3.6m | +93.5% |
| Non-distributable reserves | 130/1 | €34,705 | €34,705 | = | 0.0% |
| Legal reserve | 130 | €34,705 | €34,705 | = | 0.0% |
| Tax-exempt reserves | 132 | €98,765 | €3,514,610 | +€3.4m | +3458.6% |
| Distributable reserves | 133 | €3,763,945 | €3,991,724 | +€227,779 | +6.1% |
| Profit (loss) carried forward | 14 | €227,779 | €98,666 | -€129,113 | -56.7% |
| Provisions and deferred taxes | 16 | - | €1,142,296 | +€1.1m | |
| Deferred taxes | 168 | - | €1,142,296 | +€1.1m | |
| Amounts payable | 17/49 | €53,907,122 | €53,750,368 | -€156,754 | -0.3% |
| Amounts payable after more than one year | 17 | €15,663,794 | €14,950,723 | -€713,071 | -4.6% |
| Financial debts | 170/4 | €15,663,794 | €14,950,723 | -€713,071 | -4.6% |
| Amounts payable within one year | 42/48 | €38,243,328 | €38,799,645 | +€556,318 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €755,831 | €800,032 | +€44,201 | +5.8% |
| Financial debts | 43 | €34,266,466 | €33,098,308 | -€1.2m | -3.4% |
| Credit institutions | 430/8 | €34,266,466 | €33,098,308 | -€1.2m | -3.4% |
| Trade debts | 44 | €1,230,707 | €2,860,565 | +€1.6m | +132.4% |
| Suppliers | 440/4 | €1,230,707 | €2,860,565 | +€1.6m | +132.4% |
| Taxes, remuneration and social security | 45 | €121,669 | €205,314 | +€83,645 | +68.7% |
| Taxes | 450/3 | €115,012 | €198,669 | +€83,657 | +72.7% |
| Remuneration and social security | 454/9 | €6,657 | €6,645 | -€12 | -0.2% |
| Other amounts payable | 47/48 | €1,868,656 | €1,835,426 | -€33,229 | -1.8% |
| Remuneration, social security and pensions | 62 | €173,271 | €173,829 | +€559 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,526,800 | €1,590,110 | +€63,310 | +4.1% |
| Other operating charges | 640/8 | €410,337 | €412,727 | +€2,390 | +0.6% |
| Gross operating margin | 9900 | €4,223,556 | €9,525,516 | +€5.3m | +125.5% |
| Operating profit (loss) | 9901 | €2,113,149 | €7,348,850 | +€5.2m | +247.8% |
| Financial income | 75/76B | €2 | €171 | +€169 | +7056.9% |
| Recurring financial income | 75 | €2 | €171 | +€169 | +7056.9% |
| Financial charges | 65/66B | €1,792,414 | €2,648,679 | +€856,265 | +47.8% |
| Recurring financial charges | 65 | €1,792,414 | €2,648,679 | +€856,265 | +47.8% |
| Profit (loss) for the period before taxes | 9903 | €320,738 | €4,700,342 | +€4.4m | +1365.5% |
| Transfer to deferred taxes | 680 | - | €1,142,296 | +€1.1m | |
| Income taxes | 67/77 | €104,001 | €43,535 | -€60,466 | -58.1% |
| Profit (loss) for the period | 9904 | €216,737 | €3,514,512 | +€3.3m | +1521.6% |
| Transfer from tax-exempt reserves | 789 | €11,042 | €11,042 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €3,426,887 | +€3.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €227,779 | €98,666 | -€129,113 | -56.7% |
Source: filed annual accounts (NBB), financial years ended 30 November 2023 and 30 November 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.