GESIM: 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.
What changed
GESIM
NACE 68.310, Real estate agency activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€85,203
2024 · €56,418-€141,621
Equity
€2.3m
2024 · €2.3m-€85,203
Cash
€268,773
2024 · €88,956+€179,817
Balance sheet total
€7.1m
2024 · €7.3m-€120,086
Largest movements
Assets
- Stocks and contracts -€317,584
down €317,584 (-7.4%), from €4.3m to €4.0m
- Cash +€179,817
up €179,817 (+202.1%), from €88,956 to €268,773
mainly Stocks and contracts (+€317,584) and Depreciation (+€48,376)
Equity and liabilities
- Profit (loss) carried forward -€85,203
down €85,203 (-4.6%), from €1.8m to €1.8m
Income statement
- Turnover +€347,360
new in 2025: €347,360
- Goods and materials +€323,634
up €323,634, from €0 to €323,634
of which Change in stocks: decrease (increase): +€2.9m
- Other operating charges -€167,135
down €167,135 (-89.7%), from €186,270 to €19,135
- Financial charges +€25,845
up €25,845 (+35.5%), from €72,831 to €98,676
- Depreciation -€8,944
down €8,944 (-15.6%), from €57,320 to €48,376
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.
Result 2024
€56,418
Turnover
+€347,360
Other operating income
+€4,709
Goods and materials
-€323,634
Services and other goods
+€6,614
Depreciation
+€8,944
Other operating charges
+€167,135
Other operating items
-€326,904
Financial charges
-€25,845
Result 2025
-€85,203
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.
From operations
+€289,934
Investment
-€70,000
Financing
-€40,117
Cash 2024
€88,956
From operations (derived)
+€289,934
Net result for the year
-€85,203
Depreciation
+€48,376
Stocks and contracts
+€317,584
Smaller working-capital items
-€187
Deferred charges and accrued income
+€3,340
Trade debts
+€4,100
Accrued charges and deferred income
+€1,924
Investment (derived)
-€70,000
Investment in fixed assets (net)
-€70,000
Financing
-€40,117
Debts after one year
-€40,616
Current portion of long-term debt
+€499
Cash 2025
€268,773
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,260,642 | €7,140,556 | -€120,086 | -1.7% |
| Fixed assets | 21/28 | €2,871,797 | €2,893,421 | +€21,624 | +0.8% |
| Tangible fixed assets | 22/27 | €1,073,594 | €1,025,218 | -€48,376 | -4.5% |
| Land and buildings | 22 | €1,073,594 | €1,025,218 | -€48,376 | -4.5% |
| Financial fixed assets | 28 | €1,798,203 | €1,868,203 | +€70,000 | +3.9% |
| Affiliated companies | 280/1 | €1,761,019 | €1,831,019 | +€70,000 | +4.0% |
| Participating interests | 280 | €1,447,019 | €1,447,019 | = | 0.0% |
| Amounts receivable | 281 | €314,000 | €384,000 | +€70,000 | +22.3% |
| Other financial fixed assets | 284/8 | €37,184 | €37,184 | = | 0.0% |
| Shares | 284 | €37,184 | €37,184 | = | 0.0% |
| Current assets | 29/58 | €4,388,845 | €4,247,135 | -€141,710 | -3.2% |
| Stocks and contracts in progress | 3 | €4,295,148 | €3,977,564 | -€317,584 | -7.4% |
| Stocks | 30/36 | €4,295,148 | €3,977,564 | -€317,584 | -7.4% |
| Property held for sale | 35 | €4,295,148 | €3,977,564 | -€317,584 | -7.4% |
| Amounts receivable within one year | 40/41 | €628 | €25 | -€603 | -96.0% |
| Trade receivables | 40 | €628 | €25 | -€603 | -96.0% |
| Cash at bank and in hand | 54/58 | €88,956 | €268,773 | +€179,817 | +202.1% |
| Deferred charges and accrued income | 490/1 | €4,113 | €773 | -€3,340 | -81.2% |
| Total equity and liabilities | 10/49 | €7,260,642 | €7,140,556 | -€120,086 | -1.7% |
| Equity | 10/15 | €2,336,910 | €2,251,707 | -€85,203 | -3.6% |
| Contributions | 10/11 | €347,051 | €347,051 | = | 0.0% |
| Capital | 10 | €347,051 | €347,051 | = | 0.0% |
| Issued capital | 100 | €347,051 | €347,051 | = | 0.0% |
| Reserves | 13 | €154,351 | €154,351 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,705 | €34,705 | = | 0.0% |
| Legal reserve | 130 | €34,705 | €34,705 | = | 0.0% |
| Distributable reserves | 133 | €119,646 | €119,646 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,835,508 | €1,750,305 | -€85,203 | -4.6% |
| Amounts payable | 17/49 | €4,923,732 | €4,888,849 | -€34,883 | -0.7% |
| Amounts payable after more than one year | 17 | €3,114,672 | €3,074,056 | -€40,616 | -1.3% |
| Financial debts | 170/4 | €3,114,672 | €3,074,056 | -€40,616 | -1.3% |
| Credit institutions | 173 | €3,114,672 | €3,074,056 | -€40,616 | -1.3% |
| Amounts payable within one year | 42/48 | €1,807,914 | €1,811,723 | +€3,809 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €40,117 | €40,616 | +€499 | +1.2% |
| Trade debts | 44 | €53 | €4,153 | +€4,100 | +7735.8% |
| Suppliers | 440/4 | €53 | €4,153 | +€4,100 | +7735.8% |
| Other amounts payable | 47/48 | €1,767,744 | €1,766,954 | -€790 | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,146 | €3,070 | +€1,924 | +167.9% |
| Operating income | 70/76A | €420,799 | €445,964 | +€25,165 | +6.0% |
| Turnover | 70 | - | €347,360 | +€347,360 | |
| Other operating income | 74 | €93,895 | €98,604 | +€4,709 | +5.0% |
| Non-recurring operating income | 76A | €326,904 | - | -€326,904 | |
| Operating charges | 60/66A | €291,550 | €432,491 | +€140,941 | +48.3% |
| Goods for resale, raw materials and consumables | 60 | €0 | €323,634 | +€323,634 | |
| Purchases | 600/8 | €2,856,000 | €323,634 | -€2.5m | -88.7% |
| Change in stocks: decrease (increase) | 609 | -€2,856,000 | - | +€2.9m | |
| Services and other goods | 61 | €47,960 | €41,346 | -€6,614 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,320 | €48,376 | -€8,944 | -15.6% |
| Other operating charges | 640/8 | €186,270 | €19,135 | -€167,135 | -89.7% |
| Operating profit (loss) | 9901 | €129,249 | €13,473 | -€115,776 | -89.6% |
| Financial charges | 65/66B | €72,831 | €98,676 | +€25,845 | +35.5% |
| Recurring financial charges | 65 | €72,831 | €98,676 | +€25,845 | +35.5% |
| Debt charges | 650 | €66,383 | €93,414 | +€27,031 | +40.7% |
| Other financial charges | 652/9 | €6,448 | €5,262 | -€1,186 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €56,418 | -€85,203 | -€141,621 | |
| Profit (loss) for the period | 9904 | €56,418 | -€85,203 | -€141,621 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,418 | -€85,203 | -€141,621 |
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 10 October 2026 via checked.be.