GeSimed: 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.
GeSimed
Largest movements
- Intangible fixed assets -€33,683
down €33,683 (-25.0%), from €134,731 to €101,048
- Deferred charges and accrued income -€26,261
down €26,261 (-20.5%), from €128,273 to €102,012
- Cash +€15,895
up €15,895 (+23.2%), from €68,632 to €84,526
mainly Net result for the year (+€199,327) and Other debts (+€180,000)
- Receivables within one year +€7,786
up €7,786 (+13.4%), from €57,934 to €65,720
of which Other amounts receivable: +€7,777
- Tangible fixed assets +€4,465
up €4,465 (+44.9%), from €9,938 to €14,403
of which Other tangible fixed assets: +€4,400
- Other debts +€180,000
new in 2025: €180,000
- Profit (loss) carried forward -€154,590
down €154,590 (-88.9%), from €173,916 to €19,327
- Debts after one year -€44,230
down €44,230 (-31.2%), from €141,981 to €97,751
- Tax, wage and social debts -€13,767
no longer reported in 2025 (was €13,767)
- Gross operating margin +€35,847
up €35,847 (+13.2%), from €271,555 to €307,402
- Taxes +€11,696
up €11,696 (+22.4%), from €52,254 to €63,950
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 | €399,508 | €367,710 | -€31,798 | -8.0% |
| Fixed assets | 21/28 | €144,669 | €115,452 | -€29,218 | -20.2% |
| Intangible fixed assets | 21 | €134,731 | €101,048 | -€33,683 | -25.0% |
| Tangible fixed assets | 22/27 | €9,938 | €14,403 | +€4,465 | +44.9% |
| Plant, machinery and equipment | 23 | - | €669 | +€669 | |
| Furniture and vehicles | 24 | €9,938 | €9,334 | -€604 | -6.1% |
| Other tangible fixed assets | 26 | - | €4,400 | +€4,400 | |
| Current assets | 29/58 | €254,839 | €252,259 | -€2,581 | -1.0% |
| Amounts receivable within one year | 40/41 | €57,934 | €65,720 | +€7,786 | +13.4% |
| Trade receivables | 40 | €1,225 | €1,235 | +€10 | +0.8% |
| Other amounts receivable | 41 | €56,709 | €64,485 | +€7,777 | +13.7% |
| Cash at bank and in hand | 54/58 | €68,632 | €84,526 | +€15,895 | +23.2% |
| Deferred charges and accrued income | 490/1 | €128,273 | €102,012 | -€26,261 | -20.5% |
| Total equity and liabilities | 10/49 | €399,508 | €367,710 | -€31,798 | -8.0% |
| Equity | 10/15 | €194,376 | €39,787 | -€154,590 | -79.5% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €173,916 | €19,327 | -€154,590 | -88.9% |
| Amounts payable | 17/49 | €205,132 | €327,924 | +€122,792 | +59.9% |
| Amounts payable after more than one year | 17 | €141,981 | €97,751 | -€44,230 | -31.2% |
| Financial debts | 170/4 | €141,981 | €97,751 | -€44,230 | -31.2% |
| Amounts payable within one year | 42/48 | €59,376 | €226,091 | +€166,716 | +281% |
| Current portion of amounts payable after more than one year | 42 | €43,764 | €44,230 | +€466 | +1.1% |
| Trade debts | 44 | €1,844 | €1,862 | +€18 | +1.0% |
| Suppliers | 440/4 | €1,844 | €1,862 | +€18 | +1.0% |
| Taxes, remuneration and social security | 45 | €13,767 | - | -€13,767 | |
| Taxes | 450/3 | €13,767 | - | -€13,767 | |
| Other amounts payable | 47/48 | - | €180,000 | +€180,000 | |
| Accrued charges and deferred income | 492/3 | €3,776 | €4,081 | +€306 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,411 | €35,372 | -€39 | -0.1% |
| Other operating charges | 640/8 | €1,580 | €1,550 | -€30 | -1.9% |
| Gross operating margin | 9900 | €271,555 | €307,402 | +€35,847 | +13.2% |
| Operating profit (loss) | 9901 | €234,565 | €270,480 | +€35,915 | +15.3% |
| Financial income | 75/76B | €40 | €0 | -€40 | -99.8% |
| Recurring financial income | 75 | €40 | €0 | -€40 | -99.8% |
| Financial charges | 65/66B | €8,435 | €7,203 | -€1,232 | -14.6% |
| Recurring financial charges | 65 | €8,435 | €7,203 | -€1,232 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €226,170 | €263,277 | +€37,107 | +16.4% |
| Income taxes | 67/77 | €52,254 | €63,950 | +€11,696 | +22.4% |
| Profit (loss) for the period | 9904 | €173,916 | €199,327 | +€25,410 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €173,916 | €199,327 | +€25,410 | +14.6% |
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 14 October 2026 via checked.be.