GERAERTS VASTGOED: 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.
GERAERTS VASTGOED
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash -€16,615
down €16,615 (-55.1%), from €30,164 to €13,549
mainly Contributions, distributions and other (-€113,114) and Other debts (-€24,538)
- Tangible fixed assets -€7,170
down €7,170 (-3.2%), from €226,629 to €219,459
- Reserves -€113,114
down €113,114 (-59.0%), from €191,618 to €78,504
of which Distributable reserves: -€113,114
- Other debts -€24,538
down €24,538 (-72.6%), from €33,819 to €9,281
- Profit (loss) carried forward +€10,539
up €10,539 (+9.5%), from €110,448 to €120,988
- Tax, wage and social debts +€3,934
new in 2025: €3,934
- Financial income +€5,820
up €5,820 (+13.5%), from €43,250 to €49,070
- Gross operating margin +€4,674
up €4,674 (+18.7%), from -€24,964 to -€20,289
- Taxes +€2,756
up €2,756 (+364%), from €757 to €3,513
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.
Derived cash bridge
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 | €357,536 | €233,455 | -€124,081 | -34.7% |
| Fixed assets | 21/28 | €226,629 | €219,459 | -€7,170 | -3.2% |
| Tangible fixed assets | 22/27 | €226,629 | €219,459 | -€7,170 | -3.2% |
| Land and buildings | 22 | €226,629 | €219,459 | -€7,170 | -3.2% |
| Current assets | 29/58 | €130,907 | €13,996 | -€116,911 | -89.3% |
| Amounts receivable within one year | 40/41 | €743 | €447 | -€296 | -39.9% |
| Other amounts receivable | 41 | €743 | €447 | -€296 | -39.9% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €30,164 | €13,549 | -€16,615 | -55.1% |
| Total equity and liabilities | 10/49 | €357,536 | €233,455 | -€124,081 | -34.7% |
| Equity | 10/15 | €322,034 | €219,459 | -€102,575 | -31.9% |
| Contributions | 10/11 | €19,967 | €19,967 | = | 0.0% |
| Reserves | 13 | €191,618 | €78,504 | -€113,114 | -59.0% |
| Tax-exempt reserves | 132 | €8,279 | €8,279 | = | 0.0% |
| Distributable reserves | 133 | €183,340 | €70,225 | -€113,114 | -61.7% |
| Profit (loss) carried forward | 14 | €110,448 | €120,988 | +€10,539 | +9.5% |
| Amounts payable | 17/49 | €35,502 | €13,996 | -€21,506 | -60.6% |
| Amounts payable within one year | 42/48 | €34,052 | €13,279 | -€20,773 | -61.0% |
| Trade debts | 44 | €233 | €63 | -€170 | -72.9% |
| Suppliers | 440/4 | €233 | €63 | -€170 | -72.9% |
| Taxes, remuneration and social security | 45 | - | €3,934 | +€3,934 | |
| Taxes | 450/3 | - | €3,934 | +€3,934 | |
| Other amounts payable | 47/48 | €33,819 | €9,281 | -€24,538 | -72.6% |
| Accrued charges and deferred income | 492/3 | €1,450 | €717 | -€733 | -50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,170 | €7,170 | = | 0.0% |
| Other operating charges | 640/8 | €7,285 | €7,512 | +€227 | +3.1% |
| Gross operating margin | 9900 | -€24,964 | -€20,289 | +€4,674 | +18.7% |
| Operating profit (loss) | 9901 | -€39,418 | -€34,971 | +€4,447 | +11.3% |
| Financial income | 75/76B | €43,250 | €49,070 | +€5,820 | +13.5% |
| Recurring financial income | 75 | €43,250 | €49,070 | +€5,820 | +13.5% |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €3,785 | €14,053 | +€10,267 | +271% |
| Income taxes | 67/77 | €757 | €3,513 | +€2,756 | +364% |
| Profit (loss) for the period | 9904 | €3,028 | €10,539 | +€7,511 | +248% |
| Profit (loss) for the period to be appropriated | 9905 | €3,028 | €10,539 | +€7,511 | +248% |
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 28 October 2026 via checked.be.