GEERS 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.
GEERS IMMO
Largest movements
- Tangible fixed assets +€214,309
up €214,309 (+422.9%), from €50,673 to €264,982
- Cash +€43,046
up €43,046 (+191.3%), from €22,500 to €65,546
mainly Debts after one year (+€135,041) and Net result for the year (+€65,797)
- Financial fixed assets -€32,105
down €32,105 (-100.0%), from €32,105 to €0
- Debts after one year +€135,041
new in 2025: €135,041
- Reserves +€65,797
up €65,797 (+108.0%), from €60,942 to €126,740
of which Distributable reserves: +€65,797
- Tax, wage and social debts +€14,433
up €14,433 (+293.3%), from €4,921 to €19,353
- Current portion of long-term debt +€8,260
new in 2025: €8,260
- Other debts +€6,286
up €6,286 (+19.6%), from €32,105 to €38,391
- Gross operating margin +€90,400
up €90,400 (+440.0%), from €20,544 to €110,944
- Depreciation +€13,362
up €13,362 (+2546.0%), from €525 to €13,887
- Other operating charges +€12,142
up €12,142 (+3624.5%), from €335 to €12,477
- Taxes +€9,512
up €9,512 (+193.3%), from €4,921 to €14,433
- Financial charges +€4,350
new in 2025: €4,350
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 | €105,278 | €333,388 | +€228,110 | +216.7% |
| Fixed assets | 21/28 | €82,778 | €264,982 | +€182,204 | +220.1% |
| Tangible fixed assets | 22/27 | €50,673 | €264,982 | +€214,309 | +422.9% |
| Land and buildings | 22 | €50,673 | €264,982 | +€214,309 | +422.9% |
| Financial fixed assets | 28 | €32,105 | €0 | -€32,105 | -100.0% |
| Current assets | 29/58 | €22,500 | €68,406 | +€45,906 | +204.0% |
| Amounts receivable within one year | 40/41 | - | €2,861 | +€2,861 | |
| Trade receivables | 40 | - | €163 | +€163 | |
| Other amounts receivable | 41 | - | €2,697 | +€2,697 | |
| Cash at bank and in hand | 54/58 | €22,500 | €65,546 | +€43,046 | +191.3% |
| Total equity and liabilities | 10/49 | €105,278 | €333,388 | +€228,110 | +216.7% |
| Equity | 10/15 | €65,961 | €131,758 | +€65,797 | +99.8% |
| Contributions | 10/11 | €5,019 | €5,019 | = | 0.0% |
| Reserves | 13 | €60,942 | €126,740 | +€65,797 | +108.0% |
| Tax-exempt reserves | 132 | €668 | €668 | = | 0.0% |
| Distributable reserves | 133 | €60,275 | €126,072 | +€65,797 | +109.2% |
| Amounts payable | 17/49 | €39,317 | €201,630 | +€162,313 | +412.8% |
| Amounts payable after more than one year | 17 | - | €135,041 | +€135,041 | |
| Financial debts | 170/4 | - | €135,041 | +€135,041 | |
| Amounts payable within one year | 42/48 | €39,317 | €66,589 | +€27,272 | +69.4% |
| Current portion of amounts payable after more than one year | 42 | - | €8,260 | +€8,260 | |
| Trade debts | 44 | €2,291 | €584 | -€1,707 | -74.5% |
| Suppliers | 440/4 | €2,291 | €584 | -€1,707 | -74.5% |
| Taxes, remuneration and social security | 45 | €4,921 | €19,353 | +€14,433 | +293.3% |
| Taxes | 450/3 | €4,921 | €19,353 | +€14,433 | +293.3% |
| Other amounts payable | 47/48 | €32,105 | €38,391 | +€6,286 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €525 | €13,887 | +€13,362 | +2546.0% |
| Other operating charges | 640/8 | €335 | €12,477 | +€12,142 | +3624.5% |
| Gross operating margin | 9900 | €20,544 | €110,944 | +€90,400 | +440.0% |
| Operating profit (loss) | 9901 | €19,684 | €84,580 | +€64,896 | +329.7% |
| Financial charges | 65/66B | - | €4,350 | +€4,350 | |
| Recurring financial charges | 65 | - | €4,350 | +€4,350 | |
| Profit (loss) for the period before taxes | 9903 | €19,684 | €80,230 | +€60,546 | +307.6% |
| Income taxes | 67/77 | €4,921 | €14,433 | +€9,512 | +193.3% |
| Profit (loss) for the period | 9904 | €14,763 | €65,797 | +€51,035 | +345.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,763 | €65,797 | +€51,035 | +345.7% |
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 9 October 2026 via checked.be.