GETinvest: 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
GETinvest
NACE 70.100, Activities of head offices
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€5,944
2024 · €16,372-€22,316
Equity
€9.1m
2024 · €3.2m+€5.9m
Cash
€104,396
2024 · €2,512+€101,884
Balance sheet total
€15.4m
2024 · €9.9m+€5.5m
Largest movements
Assets
- Tangible fixed assets +€3.2m
up €3.2m (+36.5%), from €8.8m to €12.0m
of which Land and buildings: +€3.3m
- Financial fixed assets +€2.0m
up €2.0m (+207%), from €986,501 to €3.0m
Equity and liabilities
- Revaluation surpluses +€5.9m
new in 2025: €5.9m
- Debts after one year -€1.8m
down €1.8m (-37.0%), from €4.8m to €3.0m
of which Financial debts: -€1.8m
- Short-term financial debts +€1.4m
up €1.4m (+240%), from €583,334 to €2.0m
Income statement
- Write-downs +€625,593
up €625,593 (+35,908%), from €1,742 to €627,336
- Gross operating margin +€464,501
up €464,501 (+60.7%), from €765,525 to €1.2m
- Depreciation -€119,238
down €119,238 (-33.0%), from €360,949 to €241,711
- Financial charges -€14,659
down €14,659 (-5.9%), from €248,658 to €233,999
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
€16,372
Gross operating margin
+€464,501
Staff costs
+€34
Depreciation
+€119,238
Write-downs
-€625,593
Other operating charges
-€6,168
Financial income
+€178
Financial charges
+€14,659
Taxes
+€10,835
Result 2025
-€5,944
raises the resultlowers the result
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.
From operations
+€60,974
Investment
-€5.5m
Financing
+€5.6m
Cash 2024
€2,512
From operations (derived)
+€60,974
Net result for the year
-€5,944
Depreciation
+€241,711
Receivables within one year
-€149,482
Smaller working-capital items
+€4,251
Trade debts
+€22,510
Tax, wage and social debts
-€52,071
Investment (derived)
-€5.5m
Investment in fixed assets (net)
-€5.5m
Financing
+€5.6m
Debts after one year
-€1.8m
Current portion of long-term debt
+€3,795
Short-term financial debts
+€1.4m
Contributions, distributions and other
+€5.9m
Cash 2025
€104,396
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,864,926 | €15,383,436 | +€5.5m | +55.9% |
| Fixed assets | 21/28 | €9,807,373 | €15,075,421 | +€5.3m | +53.7% |
| Tangible fixed assets | 22/27 | €8,820,871 | €12,042,420 | +€3.2m | +36.5% |
| Land and buildings | 22 | €8,345,919 | €11,671,004 | +€3.3m | +39.8% |
| Furniture and vehicles | 24 | €106,037 | €2,500 | -€103,537 | -97.6% |
| Leasing and similar rights | 25 | €368,916 | €368,916 | = | 0.0% |
| Financial fixed assets | 28 | €986,501 | €3,033,001 | +€2.0m | +207% |
| Current assets | 29/58 | €57,553 | €308,015 | +€250,462 | +435% |
| Amounts receivable within one year | 40/41 | €46,998 | €196,481 | +€149,482 | +318% |
| Trade receivables | 40 | €20,606 | €78,716 | +€58,109 | +282% |
| Other amounts receivable | 41 | €26,392 | €117,765 | +€91,373 | +346% |
| Cash at bank and in hand | 54/58 | €2,512 | €104,396 | +€101,884 | +4,057% |
| Deferred charges and accrued income | 490/1 | €8,044 | €7,139 | -€905 | -11.3% |
| Total equity and liabilities | 10/49 | €9,864,926 | €15,383,436 | +€5.5m | +55.9% |
| Equity | 10/15 | €3,152,572 | €9,063,015 | +€5.9m | +187% |
| Contributions | 10/11 | €1,269,235 | €1,269,235 | = | 0.0% |
| Revaluation surpluses | 12 | - | €5,916,388 | +€5.9m | |
| Reserves | 13 | €364,773 | €360,936 | -€3,837 | -1.1% |
| Tax-exempt reserves | 132 | €91,124 | €87,287 | -€3,837 | -4.2% |
| Distributable reserves | 133 | €273,649 | €273,649 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,518,564 | €1,516,457 | -€2,107 | -0.1% |
| Provisions and deferred taxes | 16 | €30,375 | €29,096 | -€1,279 | -4.2% |
| Deferred taxes | 168 | €30,375 | €29,096 | -€1,279 | -4.2% |
| Amounts payable | 17/49 | €6,681,980 | €6,291,325 | -€390,654 | -5.8% |
| Amounts payable after more than one year | 17 | €4,782,861 | €3,013,348 | -€1.8m | -37.0% |
| Financial debts | 170/4 | €4,776,561 | €3,013,348 | -€1.8m | -36.9% |
| Other amounts payable | 178/9 | €6,300 | - | -€6,300 | |
| Amounts payable within one year | 42/48 | €1,899,119 | €3,277,977 | +€1.4m | +72.6% |
| Current portion of amounts payable after more than one year | 42 | €259,418 | €263,212 | +€3,795 | +1.5% |
| Financial debts | 43 | €583,334 | €1,983,334 | +€1.4m | +240% |
| Credit institutions | 430/8 | €583,334 | €1,983,334 | +€1.4m | +240% |
| Trade debts | 44 | €702,314 | €724,824 | +€22,510 | +3.2% |
| Suppliers | 440/4 | €702,314 | €724,824 | +€22,510 | +3.2% |
| Taxes, remuneration and social security | 45 | €52,920 | €849 | -€52,071 | -98.4% |
| Taxes | 450/3 | €52,920 | €849 | -€52,071 | -98.4% |
| Other amounts payable | 47/48 | €301,133 | €305,758 | +€4,625 | +1.5% |
| Non-recurring operating income | 76A | - | €543,861 | +€543,861 | |
| Remuneration, social security and pensions | 62 | €45,844 | €45,811 | -€34 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €360,949 | €241,711 | -€119,238 | -33.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,742 | €627,336 | +€625,593 | +35,908% |
| Other operating charges | 640/8 | €62,400 | €68,568 | +€6,168 | +9.9% |
| Gross operating margin | 9900 | €765,525 | €1,230,026 | +€464,501 | +60.7% |
| Operating profit (loss) | 9901 | €294,590 | €246,602 | -€47,988 | -16.3% |
| Financial income | 75/76B | €1 | €179 | +€178 | +22,264% |
| Recurring financial income | 75 | €1 | €179 | +€178 | +22,264% |
| Financial charges | 65/66B | €248,658 | €233,999 | -€14,659 | -5.9% |
| Recurring financial charges | 65 | €248,658 | €233,999 | -€14,659 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €45,932 | €12,781 | -€33,151 | -72.2% |
| Transfer from deferred taxes | 780 | €1,279 | €1,279 | = | 0.0% |
| Income taxes | 67/77 | €30,839 | €20,004 | -€10,835 | -35.1% |
| Profit (loss) for the period | 9904 | €16,372 | -€5,944 | -€22,316 | |
| Transfer from tax-exempt reserves | 789 | €3,837 | €3,837 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,209 | -€2,107 | -€22,316 |
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 21 October 2026 via checked.be.