Geraerts Immo: what changed
Two fiscal 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.
Geraerts Immo
Largest movements
- Current investments -€647,993
down €647,993 (-100.0%), from €647,993 to €0
- Cash +€222,875
up €222,875 (+111991.8%), from €199 to €223,074
mainly Current investments (+€647,993) and Debts after one year (+€25,627)
- Tangible fixed assets +€133,985
up €133,985 (+23.9%), from €560,703 to €694,688
of which Assets under construction and advance payments: +€140,490
- Other debts -€303,650
down €303,650 (-49.6%), from €612,304 to €308,654
- Accrued charges and deferred income -€25,830
down €25,830 (-100.0%), from €25,830 to €0
- Debts after one year +€25,627
up €25,627 (+8.6%), from €297,172 to €322,799
- Trade debts +€22,432
up €22,432 (+11315.7%), from €198 to €22,630
- Financial income +€31,952
up €31,952 (+1359.2%), from €2,351 to €34,303
- Financial charges -€18,886
down €18,886 (-54.7%), from €34,539 to €15,653
- Depreciation +€5,726
up €5,726 (+49.9%), from €11,478 to €17,205
- Gross operating margin +€2,703
up €2,703 (+27.5%), from -€9,823 to -€7,121
- Other operating charges +€1,307
up €1,307 (+30.6%), from €4,273 to €5,580
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 | €1,218,882 | €926,314 | -€292,568 | -24.0% |
| Fixed assets | 21/28 | €560,703 | €694,688 | +€133,985 | +23.9% |
| Tangible fixed assets | 22/27 | €560,703 | €694,688 | +€133,985 | +23.9% |
| Land and buildings | 22 | €293,582 | €287,077 | -€6,505 | -2.2% |
| Assets under construction and advance payments | 27 | €267,121 | €407,611 | +€140,490 | +52.6% |
| Current assets | 29/58 | €658,179 | €231,627 | -€426,552 | -64.8% |
| Amounts receivable within one year | 40/41 | €9,359 | €7,925 | -€1,435 | -15.3% |
| Other amounts receivable | 41 | €9,359 | €7,925 | -€1,435 | -15.3% |
| Current investments | 50/53 | €647,993 | €0 | -€647,993 | -100.0% |
| Cash at bank and in hand | 54/58 | €199 | €223,074 | +€222,875 | +111991.8% |
| Deferred charges and accrued income | 490/1 | €628 | €628 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,218,882 | €926,314 | -€292,568 | -24.0% |
| Equity | 10/15 | €264,641 | €253,841 | -€10,800 | -4.1% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €213,514 | €212,147 | -€1,367 | -0.6% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,000 | €8,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,918 | €46,551 | -€1,367 | -2.9% |
| Distributable reserves | 133 | €157,596 | €157,596 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,873 | -€38,307 | -€9,433 | -32.7% |
| Provisions and deferred taxes | 16 | €15,973 | €15,517 | -€456 | -2.9% |
| Deferred taxes | 168 | €15,973 | €15,517 | -€456 | -2.9% |
| Amounts payable | 17/49 | €938,268 | €656,956 | -€281,312 | -30.0% |
| Amounts payable after more than one year | 17 | €297,172 | €322,799 | +€25,627 | +8.6% |
| Financial debts | 170/4 | €297,172 | €322,799 | +€25,627 | +8.6% |
| Amounts payable within one year | 42/48 | €615,267 | €334,157 | -€281,109 | -45.7% |
| Current portion of amounts payable after more than one year | 42 | €2,764 | €2,873 | +€109 | +3.9% |
| Trade debts | 44 | €198 | €22,630 | +€22,432 | +11315.7% |
| Suppliers | 440/4 | €198 | €22,630 | +€22,432 | +11315.7% |
| Other amounts payable | 47/48 | €612,304 | €308,654 | -€303,650 | -49.6% |
| Accrued charges and deferred income | 492/3 | €25,830 | €0 | -€25,830 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,478 | €17,205 | +€5,726 | +49.9% |
| Other operating charges | 640/8 | €4,273 | €5,580 | +€1,307 | +30.6% |
| Gross operating margin | 9900 | -€9,823 | -€7,121 | +€2,703 | +27.5% |
| Operating profit (loss) | 9901 | -€25,575 | -€29,905 | -€4,331 | -16.9% |
| Financial income | 75/76B | €2,351 | €34,303 | +€31,952 | +1359.2% |
| Recurring financial income | 75 | €2,351 | €34,303 | +€31,952 | +1359.2% |
| Financial charges | 65/66B | €34,539 | €15,653 | -€18,886 | -54.7% |
| Recurring financial charges | 65 | €34,539 | €15,653 | -€18,886 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | -€57,763 | -€11,256 | +€46,508 | +80.5% |
| Transfer from deferred taxes | 780 | €339 | €456 | +€116 | +34.2% |
| Profit (loss) for the period | 9904 | -€57,424 | -€10,800 | +€46,624 | +81.2% |
| Transfer from tax-exempt reserves | 789 | €1,018 | €1,367 | +€348 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,405 | -€9,433 | +€46,972 | +83.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.