GESIRA: 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
GESIRA
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€445,590
2024 · €330,189+€115,401
Equity
€1.5m
2024 · €1.1m+€445,590
Cash
€8,767
2024 · €870+€7,897
Balance sheet total
€6.4m
2024 · €6.4m-€13,247
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward +€445,590
up €445,590 (+44.4%), from €1.0m to €1.4m
- Debts after one year -€291,919
down €291,919 (-6.3%), from €4.7m to €4.4m
of which Financial debts: -€342,924
- Other debts -€170,000
down €170,000 (-85.0%), from €200,000 to €30,000
Income statement
- Financial income +€93,071
up €93,071 (+42.9%), from €216,874 to €309,945
- Services and other goods -€24,206
down €24,206 (-60.8%), from €39,845 to €15,639
- Other operating income +€24,064
up €24,064 (+81.4%), from €29,558 to €53,622
- Turnover -€20,473
down €20,473 (-6.7%), from €306,089 to €285,615
- Taxes +€7,922
up €7,922 (+21.0%), from €37,773 to €45,695
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
€330,189
Turnover
-€20,473
Other operating income
+€24,064
Services and other goods
+€24,206
Other operating charges
-€869
Financial income
+€93,071
Financial charges
+€3,324
Taxes
-€7,922
Result 2025
€445,590
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
+€297,499
Investment
€0
Financing
-€289,602
Cash 2024
€870
From operations (derived)
+€297,499
Net result for the year
+€445,590
Depreciation
+€13,175
Receivables within one year
+€3,975
Deferred charges and accrued income
+€3,994
Trade debts
-€14,142
Tax, wage and social debts
+€14,665
Other debts
-€170,000
Accrued charges and deferred income
+€241
Financing
-€289,602
Debts after one year
-€291,919
Current portion of long-term debt
+€2,364
Short-term financial debts
-€47
Cash 2025
€8,767
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,369,769 | €6,356,522 | -€13,247 | -0.2% |
| Fixed assets | 21/28 | €6,355,334 | €6,342,159 | -€13,175 | -0.2% |
| Tangible fixed assets | 22/27 | €319,834 | €306,659 | -€13,175 | -4.1% |
| Land and buildings | 22 | €319,834 | €306,659 | -€13,175 | -4.1% |
| Financial fixed assets | 28 | €6,035,500 | €6,035,500 | = | 0.0% |
| Affiliated companies | 280/1 | €6,035,500 | €6,035,500 | = | 0.0% |
| Participating interests | 280 | €6,035,500 | €6,035,500 | = | 0.0% |
| Current assets | 29/58 | €14,435 | €14,362 | -€72 | -0.5% |
| Amounts receivable within one year | 40/41 | €6,843 | €2,868 | -€3,975 | -58.1% |
| Trade receivables | 40 | €5,359 | €1,354 | -€4,005 | -74.7% |
| Other amounts receivable | 41 | €1,484 | €1,514 | +€30 | +2.0% |
| Cash at bank and in hand | 54/58 | €870 | €8,767 | +€7,897 | +908.1% |
| Deferred charges and accrued income | 490/1 | €6,722 | €2,728 | -€3,994 | -59.4% |
| Total equity and liabilities | 10/49 | €6,369,769 | €6,356,522 | -€13,247 | -0.2% |
| Equity | 10/15 | €1,071,687 | €1,517,277 | +€445,590 | +41.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,003,487 | €1,449,077 | +€445,590 | +44.4% |
| Amounts payable | 17/49 | €5,298,082 | €4,839,245 | -€458,838 | -8.7% |
| Amounts payable after more than one year | 17 | €4,654,009 | €4,362,089 | -€291,919 | -6.3% |
| Financial debts | 170/4 | €2,139,870 | €1,796,946 | -€342,924 | -16.0% |
| Credit institutions | 173 | €2,139,870 | €1,796,946 | -€342,924 | -16.0% |
| Other amounts payable | 178/9 | €2,514,139 | €2,565,144 | +€51,005 | +2.0% |
| Amounts payable within one year | 42/48 | €580,792 | €413,633 | -€167,159 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €340,560 | €342,924 | +€2,364 | +0.7% |
| Financial debts | 43 | €10,142 | €10,095 | -€47 | -0.5% |
| Credit institutions | 430/8 | €10,142 | €10,095 | -€47 | -0.5% |
| Trade debts | 44 | €21,287 | €7,146 | -€14,142 | -66.4% |
| Suppliers | 440/4 | €21,287 | €7,146 | -€14,142 | -66.4% |
| Taxes, remuneration and social security | 45 | €8,802 | €23,467 | +€14,665 | +166.6% |
| Taxes | 450/3 | €8,802 | €23,467 | +€14,665 | +166.6% |
| Other amounts payable | 47/48 | €200,000 | €30,000 | -€170,000 | -85.0% |
| Accrued charges and deferred income | 492/3 | €63,282 | €63,523 | +€241 | +0.4% |
| Operating income | 70/76A | €335,646 | €339,237 | +€3,591 | +1.1% |
| Turnover | 70 | €306,089 | €285,615 | -€20,473 | -6.7% |
| Other operating income | 74 | €29,558 | €53,622 | +€24,064 | +81.4% |
| Operating charges | 60/66A | €80,690 | €57,353 | -€23,337 | -28.9% |
| Services and other goods | 61 | €39,845 | €15,639 | -€24,206 | -60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,175 | €13,175 | = | 0.0% |
| Other operating charges | 640/8 | €27,670 | €28,538 | +€869 | +3.1% |
| Operating profit (loss) | 9901 | €254,957 | €281,884 | +€26,928 | +10.6% |
| Financial income | 75/76B | €216,874 | €309,945 | +€93,071 | +42.9% |
| Recurring financial income | 75 | €216,874 | €309,945 | +€93,071 | +42.9% |
| Income from financial fixed assets | 750 | €216,870 | €309,944 | +€93,075 | +42.9% |
| Income from current assets | 751 | €4 | €1 | -€3 | -86.1% |
| Financial charges | 65/66B | €103,868 | €100,544 | -€3,324 | -3.2% |
| Recurring financial charges | 65 | €103,868 | €100,544 | -€3,324 | -3.2% |
| Debt charges | 650 | €103,210 | €100,544 | -€2,666 | -2.6% |
| Other financial charges | 652/9 | €658 | - | -€658 | |
| Profit (loss) for the period before taxes | 9903 | €367,963 | €491,286 | +€123,323 | +33.5% |
| Income taxes | 67/77 | €37,773 | €45,695 | +€7,922 | +21.0% |
| Taxes | 670/3 | €37,773 | €45,695 | +€7,922 | +21.0% |
| Profit (loss) for the period | 9904 | €330,189 | €445,590 | +€115,401 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €330,189 | €445,590 | +€115,401 | +34.9% |
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 9 October 2026 via checked.be.