GESIMAT: 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.
What changed
GESIMAT
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€148,669
2024 · €23,645+€125,024
Equity
€3.8m
2024 · €3.6m+€148,669
Cash
€8,090
2024 · €2+€8,088
Balance sheet total
€4.5m
2024 · €4.6m-€100,176
Largest movements
Assets
- Tangible fixed assets -€108,695
down €108,695 (-9.7%), from €1.1m to €1.0m
of which Land and buildings: -€97,326
Equity and liabilities
- Reserves +€148,669
up €148,669 (+63.7%), from €233,399 to €382,069
of which Distributable reserves: +€155,171
- Other debts -€129,500
down €129,500 (-27.7%), from €467,639 to €338,139
- Debts after one year -€84,640
down €84,640 (-31.5%), from €268,495 to €183,855
Income statement
- Financial income +€114,068
up €114,068 (+24269774.5%), from €0 to €114,068
of which Financial income: +€114,068
- Taxes -€6,084
down €6,084 (-14.9%), from €40,835 to €34,751
- Other operating charges -€4,463
down €4,463 (-10.4%), from €43,098 to €38,635
- Gross operating margin +€3,870
up €3,870 (+1.7%), from €222,604 to €226,474
- Depreciation +€3,078
up €3,078 (+2.9%), from €106,947 to €110,025
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
€23,645
Gross operating margin
+€3,870
Staff costs
+€22
Depreciation
-€3,078
Other operating charges
+€4,463
Financial income
+€114,068
Financial charges
-€405
Taxes
+€6,084
Result 2025
€148,669
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
+€98,730
Investment
-€2,770
Financing
-€87,872
Cash 2024
€2
From operations (derived)
+€98,730
Net result for the year
+€148,669
Depreciation
+€110,025
Receivables within one year
+€2,879
Deferred charges and accrued income
-€1,869
Provisions
-€2,167
Trade debts
+€400
Tax, wage and social debts
-€29,707
Other debts
-€129,500
Investment (derived)
-€2,770
Investment in fixed assets (net)
-€2,770
Financing
-€87,872
Debts after one year
-€84,640
Current portion of long-term debt
+€1,550
Short-term financial debts
-€4,782
Cash 2025
€8,090
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,559,542 | €4,459,366 | -€100,176 | -2.2% |
| Fixed assets | 21/28 | €4,550,995 | €4,443,740 | -€107,255 | -2.4% |
| Tangible fixed assets | 22/27 | €1,119,714 | €1,011,019 | -€108,695 | -9.7% |
| Land and buildings | 22 | €1,074,518 | €977,192 | -€97,326 | -9.1% |
| Plant, machinery and equipment | 23 | €12,194 | €7,585 | -€4,609 | -37.8% |
| Furniture and vehicles | 24 | €33,001 | €26,241 | -€6,760 | -20.5% |
| Financial fixed assets | 28 | €3,431,281 | €3,432,721 | +€1,440 | 0.0% |
| Current assets | 29/58 | €8,548 | €15,626 | +€7,078 | +82.8% |
| Amounts receivable within one year | 40/41 | €8,546 | €5,667 | -€2,879 | -33.7% |
| Trade receivables | 40 | €6,139 | €5,410 | -€729 | -11.9% |
| Other amounts receivable | 41 | €2,407 | €257 | -€2,150 | -89.3% |
| Cash at bank and in hand | 54/58 | €2 | €8,090 | +€8,088 | +467523.7% |
| Deferred charges and accrued income | 490/1 | €0 | €1,869 | +€1,869 | |
| Total equity and liabilities | 10/49 | €4,559,542 | €4,459,366 | -€100,176 | -2.2% |
| Equity | 10/15 | €3,644,536 | €3,793,206 | +€148,669 | +4.1% |
| Contributions | 10/11 | €2,831,880 | €2,831,880 | = | 0.0% |
| Capital | 10 | €2,831,880 | €2,831,880 | = | 0.0% |
| Issued capital | 100 | €2,831,880 | €2,831,880 | = | 0.0% |
| Reserves | 13 | €233,399 | €382,069 | +€148,669 | +63.7% |
| Non-distributable reserves | 130/1 | €6,354 | €6,354 | = | 0.0% |
| Legal reserve | 130 | €6,354 | €6,354 | = | 0.0% |
| Tax-exempt reserves | 132 | €90,299 | €83,798 | -€6,501 | -7.2% |
| Distributable reserves | 133 | €136,746 | €291,917 | +€155,171 | +113.5% |
| Profit (loss) carried forward | 14 | €579,257 | €579,257 | = | 0.0% |
| Provisions and deferred taxes | 16 | €30,100 | €27,933 | -€2,167 | -7.2% |
| Deferred taxes | 168 | €30,100 | €27,933 | -€2,167 | -7.2% |
| Amounts payable | 17/49 | €884,906 | €638,228 | -€246,678 | -27.9% |
| Amounts payable after more than one year | 17 | €268,495 | €183,855 | -€84,640 | -31.5% |
| Financial debts | 170/4 | €268,495 | €183,855 | -€84,640 | -31.5% |
| Amounts payable within one year | 42/48 | €616,411 | €454,372 | -€162,039 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €86,690 | €88,240 | +€1,550 | +1.8% |
| Financial debts | 43 | €4,782 | €0 | -€4,782 | -100.0% |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | €4,782 | - | -€4,782 | |
| Trade debts | 44 | €471 | €871 | +€400 | +84.8% |
| Suppliers | 440/4 | €471 | €871 | +€400 | +84.8% |
| Taxes, remuneration and social security | 45 | €56,829 | €27,122 | -€29,707 | -52.3% |
| Taxes | 450/3 | €56,740 | €26,984 | -€29,756 | -52.4% |
| Remuneration and social security | 454/9 | €89 | €139 | +€50 | +56.1% |
| Other amounts payable | 47/48 | €467,639 | €338,139 | -€129,500 | -27.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €1,855 | €1,833 | -€22 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,947 | €110,025 | +€3,078 | +2.9% |
| Other operating charges | 640/8 | €43,098 | €38,635 | -€4,463 | -10.4% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €222,604 | €226,474 | +€3,870 | +1.7% |
| Operating profit (loss) | 9901 | €70,704 | €75,981 | +€5,277 | +7.5% |
| Financial income | 75/76B | €0 | €114,068 | +€114,068 | +24269774.5% |
| Recurring financial income | 75 | €0 | €114,068 | +€114,068 | +24269774.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €8,392 | €8,797 | +€405 | +4.8% |
| Recurring financial charges | 65 | €8,392 | €8,797 | +€405 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €62,312 | €181,253 | +€118,940 | +190.9% |
| Transfer from deferred taxes | 780 | €2,167 | €2,167 | = | 0.0% |
| Income taxes | 67/77 | €40,835 | €34,751 | -€6,084 | -14.9% |
| Profit (loss) for the period | 9904 | €23,645 | €148,669 | +€125,024 | +528.8% |
| Transfer from tax-exempt reserves | 789 | €6,501 | €6,501 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,146 | €155,171 | +€125,024 | +414.7% |
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.