GEIRREGAT: 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.
GEIRREGAT
Largest movements
- Tangible fixed assets -€20,243
down €20,243 (-5.8%), from €346,240 to €325,997
of which Land and buildings: -€14,152
- Cash +€3,571
up €3,571 (+49.5%), from €7,209 to €10,780
mainly Depreciation (+€20,243) and Net result for the year (+€18,478)
- Other debts -€47,775
down €47,775 (-23.1%), from €207,181 to €159,406
- Reserves +€18,478
up €18,478 (+15.2%), from €121,433 to €139,911
of which Distributable reserves: +€18,478
- Accrued charges and deferred income +€11,585
up €11,585 (+298%), from €3,887 to €15,472
- Gross operating margin +€9,588
up €9,588 (+22.3%), from €43,038 to €52,626
- Taxes +€900
up €900 (+95.0%), from €947 to €1,848
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €353,449 | €336,777 | -€16,672 | -4.7% |
| Fixed assets | 21/28 | €346,240 | €325,997 | -€20,243 | -5.8% |
| Tangible fixed assets | 22/27 | €346,240 | €325,997 | -€20,243 | -5.8% |
| Land and buildings | 22 | €326,296 | €312,145 | -€14,152 | -4.3% |
| Plant, machinery and equipment | 23 | €19,943 | €13,852 | -€6,091 | -30.5% |
| Current assets | 29/58 | €7,209 | €10,780 | +€3,571 | +49.5% |
| Cash at bank and in hand | 54/58 | €7,209 | €10,780 | +€3,571 | +49.5% |
| Total equity and liabilities | 10/49 | €353,449 | €336,777 | -€16,672 | -4.7% |
| Equity | 10/15 | €141,433 | €159,911 | +€18,478 | +13.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €121,433 | €139,911 | +€18,478 | +15.2% |
| Tax-exempt reserves | 132 | €16,627 | €16,627 | = | 0.0% |
| Distributable reserves | 133 | €104,805 | €123,283 | +€18,478 | +17.6% |
| Amounts payable | 17/49 | €212,016 | €176,866 | -€35,150 | -16.6% |
| Amounts payable within one year | 42/48 | €208,129 | €161,394 | -€46,735 | -22.5% |
| Trade debts | 44 | €0 | €139 | +€139 | |
| Suppliers | 440/4 | €0 | €139 | +€139 | |
| Taxes, remuneration and social security | 45 | €947 | €1,848 | +€900 | +95.0% |
| Taxes | 450/3 | €947 | €1,848 | +€900 | +95.0% |
| Other amounts payable | 47/48 | €207,181 | €159,406 | -€47,775 | -23.1% |
| Accrued charges and deferred income | 492/3 | €3,887 | €15,472 | +€11,585 | +298% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,243 | €20,243 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,051 | €3,146 | +€95 | +3.1% |
| Gross operating margin | 9900 | €43,038 | €52,626 | +€9,588 | +22.3% |
| Operating profit (loss) | 9901 | €19,744 | €29,237 | +€9,493 | +48.1% |
| Financial charges | 65/66B | €9,323 | €8,911 | -€412 | -4.4% |
| Recurring financial charges | 65 | €9,323 | €8,911 | -€412 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €10,421 | €20,326 | +€9,905 | +95.0% |
| Income taxes | 67/77 | €947 | €1,848 | +€900 | +95.0% |
| Profit (loss) for the period | 9904 | €9,474 | €18,478 | +€9,004 | +95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,474 | €18,478 | +€9,004 | +95.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.