GEOFFRAY VANDER CAMMEN: what changed
What changed
GEOFFRAY VANDER CAMMEN
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€84,540
2023 · €76,609+€7,931
Equity
€265,317
2023 · €181,317+€84,000
Cash
€51,312
2023 · €48,230+€3,083
Balance sheet total
€2.3m
2023 · €2.3m+€15,605
Largest movements
Assets
- Receivables within one year +€96,645
up €96,645 (+45.7%), from €211,640 to €308,285
of which Trade receivables: +€96,045
- Tangible fixed assets -€84,123
down €84,123 (-4.4%), from €1.9m to €1.8m
of which Land and buildings: -€79,875
Equity and liabilities
- Debts after one year -€138,923
down €138,923 (-8.3%), from €1.7m to €1.5m
of which Financial debts: -€138,923
- Reserves +€84,000
up €84,000 (+57.1%), from €147,010 to €231,010
of which Distributable reserves: +€84,000
- Other debts +€46,755
up €46,755 (+20.5%), from €228,225 to €274,980
- Tax, wage and social debts +€40,212
up €40,212 (+151%), from €26,687 to €66,899
Income statement
- Gross operating margin +€29,801
up €29,801 (+11.3%), from €264,401 to €294,202
- Financial charges +€10,174
up €10,174 (+23.1%), from €44,055 to €54,228
- Taxes +€5,225
up €5,225 (+16.9%), from €30,837 to €36,062
- Other operating charges +€4,373
up €4,373 (+15.4%), from €28,399 to €32,772
Change in the result, 2023 to 2024
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 2023
€76,609
Gross operating margin
+€29,801
Depreciation
-€2,056
Other operating charges
-€4,373
Financial income
-€42
Financial charges
-€10,174
Taxes
-€5,225
Result 2024
€84,540
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€149,331
Investment
-€3,017
Financing
-€143,232
Cash 2023
€48,230
From operations (derived)
+€149,331
Net result for the year
+€84,540
Depreciation
+€87,140
Receivables within one year
-€96,645
Trade debts
-€22,359
Tax, wage and social debts
+€40,212
Other debts
+€46,755
Accrued charges and deferred income
+€9,688
Investment (derived)
-€3,017
Investment in fixed assets (net)
-€3,017
Financing
-€143,232
Debts after one year
-€138,923
Current portion of long-term debt
-€3,768
Contributions, distributions and other
-€540
Cash 2024
€51,312
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,283,523 | €2,299,128 | +€15,605 | +0.7% |
| Fixed assets | 21/28 | €2,023,653 | €1,939,530 | -€84,123 | -4.2% |
| Intangible fixed assets | 21 | €104,600 | €104,600 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,917,813 | €1,833,690 | -€84,123 | -4.4% |
| Land and buildings | 22 | €1,903,057 | €1,823,182 | -€79,875 | -4.2% |
| Furniture and vehicles | 24 | €14,756 | €10,508 | -€4,248 | -28.8% |
| Financial fixed assets | 28 | €1,240 | €1,240 | = | 0.0% |
| Current assets | 29/58 | €259,870 | €359,597 | +€99,727 | +38.4% |
| Amounts receivable within one year | 40/41 | €211,640 | €308,285 | +€96,645 | +45.7% |
| Trade receivables | 40 | €177,509 | €273,554 | +€96,045 | +54.1% |
| Other amounts receivable | 41 | €34,131 | €34,731 | +€600 | +1.8% |
| Cash at bank and in hand | 54/58 | €48,230 | €51,312 | +€3,083 | +6.4% |
| Total equity and liabilities | 10/49 | €2,283,523 | €2,299,128 | +€15,605 | +0.7% |
| Equity | 10/15 | €181,317 | €265,317 | +€84,000 | +46.3% |
| Contributions | 10/11 | €20,100 | €20,100 | = | 0.0% |
| Reserves | 13 | €147,010 | €231,010 | +€84,000 | +57.1% |
| Non-distributable reserves | 130/1 | €2,010 | €2,010 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,010 | €2,010 | = | 0.0% |
| Distributable reserves | 133 | €145,000 | €229,000 | +€84,000 | +57.9% |
| Profit (loss) carried forward | 14 | €2,871 | €3,411 | +€540 | +18.8% |
| Investment grants | 15 | €11,335 | €10,796 | -€540 | -4.8% |
| Amounts payable | 17/49 | €2,102,206 | €2,033,810 | -€68,396 | -3.3% |
| Amounts payable after more than one year | 17 | €1,664,947 | €1,526,023 | -€138,923 | -8.3% |
| Financial debts | 170/4 | €1,644,947 | €1,506,023 | -€138,923 | -8.4% |
| Other amounts payable | 178/9 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €437,260 | €498,100 | +€60,840 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €149,714 | €145,946 | -€3,768 | -2.5% |
| Trade debts | 44 | €32,634 | €10,275 | -€22,359 | -68.5% |
| Suppliers | 440/4 | €32,634 | €10,275 | -€22,359 | -68.5% |
| Taxes, remuneration and social security | 45 | €26,687 | €66,899 | +€40,212 | +151% |
| Taxes | 450/3 | €26,687 | €66,899 | +€40,212 | +151% |
| Other amounts payable | 47/48 | €228,225 | €274,980 | +€46,755 | +20.5% |
| Accrued charges and deferred income | 492/3 | - | €9,688 | +€9,688 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,084 | €87,140 | +€2,056 | +2.4% |
| Other operating charges | 640/8 | €28,399 | €32,772 | +€4,373 | +15.4% |
| Gross operating margin | 9900 | €264,401 | €294,202 | +€29,801 | +11.3% |
| Operating profit (loss) | 9901 | €150,919 | €174,290 | +€23,371 | +15.5% |
| Financial income | 75/76B | €582 | €540 | -€42 | -7.2% |
| Recurring financial income | 75 | €582 | €540 | -€42 | -7.2% |
| Financial charges | 65/66B | €44,055 | €54,228 | +€10,174 | +23.1% |
| Recurring financial charges | 65 | €44,055 | €54,228 | +€10,174 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €107,446 | €120,602 | +€13,156 | +12.2% |
| Income taxes | 67/77 | €30,837 | €36,062 | +€5,225 | +16.9% |
| Profit (loss) for the period | 9904 | €76,609 | €84,540 | +€7,931 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €76,609 | €84,540 | +€7,931 | +10.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.