Geys Vastgoedprojecten: what changed
What changed
Geys Vastgoedprojecten
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€31,487
2024 · €117,822-€149,309
Equity
€460,215
2024 · €887,338-€427,123
Cash
€622,004
2024 · €865,845-€243,840
Balance sheet total
€906,932
2024 · €1.4m-€519,918
Largest movements
Assets
- Receivables within one year -€261,644
down €261,644 (-94.2%), from €277,706 to €16,062
of which Trade receivables: -€207,315
- Cash -€243,840
down €243,840 (-28.2%), from €865,845 to €622,004
mainly Contributions, distributions and other (-€395,636) and Advances received (-€162,615)
- Tangible fixed assets -€36,972
down €36,972 (-13.4%), from €274,899 to €237,927
of which Furniture and vehicles: -€24,109
- Stocks and contracts +€19,343
up €19,343 (+760%), from €2,545 to €21,888
Equity and liabilities
- Reserves -€375,370
down €375,370 (-46.5%), from €807,021 to €431,652
- Other debts +€222,731
up €222,731 (+116%), from €191,260 to €413,991
- Advances received -€162,615
down €162,615 (-100%), from €162,615 to €0
- Tax, wage and social debts -€78,779
down €78,779 (-98.7%), from €79,804 to €1,025
of which Taxes: -€76,898
- Provisions -€50,000
down €50,000 (-100%), from €50,000 to €0
Income statement
- Gross operating margin -€394,827
down €394,827, from €354,950 to -€39,877
- Provisions -€100,000
down €100,000, from €50,000 to -€50,000
- Write-downs -€74,687
down €74,687 (-100%), from €74,687 to €0
- Taxes -€45,644
down €45,644 (-99.1%), from €46,048 to €404
- Financial charges -€13,063
down €13,063 (-85.8%), from €15,220 to €2,157
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€117,822
Gross operating margin
-€394,827
Staff costs
+€8,612
Depreciation
+€4,929
Write-downs
+€74,687
Provisions
+€100,000
Other operating charges
+€231
Financial income
-€1,648
Financial charges
+€13,063
Taxes
+€45,644
Result 2025
-€31,487
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€167,875
Investment
€0
Financing
-€411,715
Cash 2024
€865,845
From operations (derived)
+€167,875
Net result for the year
-€31,487
Depreciation
+€36,972
Stocks and contracts
-€19,343
Receivables within one year
+€261,644
Deferred charges and accrued income
-€3,195
Provisions
-€50,000
Trade debts
+€3,200
Tax, wage and social debts
-€78,779
Advances received
-€162,615
Other debts
+€222,731
Accrued charges and deferred income
-€11,253
Financing
-€411,715
Debts after one year
-€16,673
Current portion of long-term debt
+€593
Contributions, distributions and other
-€395,636
Cash 2025
€622,004
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,426,850 | €906,932 | -€519,918 | -36.4% |
| Fixed assets | 21/28 | €274,899 | €237,927 | -€36,972 | -13.4% |
| Tangible fixed assets | 22/27 | €274,899 | €237,927 | -€36,972 | -13.4% |
| Land and buildings | 22 | €227,780 | €218,358 | -€9,422 | -4.1% |
| Plant, machinery and equipment | 23 | €7,187 | €3,747 | -€3,440 | -47.9% |
| Furniture and vehicles | 24 | €34,743 | €10,634 | -€24,109 | -69.4% |
| Other tangible fixed assets | 26 | €5,189 | €5,189 | = | 0.0% |
| Current assets | 29/58 | €1,151,951 | €669,005 | -€482,946 | -41.9% |
| Stocks and contracts in progress | 3 | €2,545 | €21,888 | +€19,343 | +760% |
| Contracts in progress | 37 | €2,545 | €21,888 | +€19,343 | +760% |
| Amounts receivable within one year | 40/41 | €277,706 | €16,062 | -€261,644 | -94.2% |
| Trade receivables | 40 | €212,888 | €5,574 | -€207,315 | -97.4% |
| Other amounts receivable | 41 | €64,818 | €10,488 | -€54,329 | -83.8% |
| Cash at bank and in hand | 54/58 | €865,845 | €622,004 | -€243,840 | -28.2% |
| Deferred charges and accrued income | 490/1 | €5,855 | €9,050 | +€3,195 | +54.6% |
| Total equity and liabilities | 10/49 | €1,426,850 | €906,932 | -€519,918 | -36.4% |
| Equity | 10/15 | €887,338 | €460,215 | -€427,123 | -48.1% |
| Contributions | 10/11 | €18,600 | €0 | -€18,600 | -100% |
| Reserves | 13 | €807,021 | €431,652 | -€375,370 | -46.5% |
| Distributable reserves | 133 | €807,021 | €431,652 | -€375,370 | -46.5% |
| Profit (loss) carried forward | 14 | €61,716 | €28,563 | -€33,153 | -53.7% |
| Provisions and deferred taxes | 16 | €50,000 | €0 | -€50,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €0 | -€50,000 | -100% |
| Other liabilities and charges | 164/5 | €50,000 | €0 | -€50,000 | -100% |
| Amounts payable | 17/49 | €489,512 | €446,717 | -€42,795 | -8.7% |
| Amounts payable after more than one year | 17 | €25,239 | €8,566 | -€16,673 | -66.1% |
| Financial debts | 170/4 | €25,239 | €8,566 | -€16,673 | -66.1% |
| Amounts payable within one year | 42/48 | €451,697 | €436,828 | -€14,869 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €16,080 | €16,673 | +€593 | +3.7% |
| Trade debts | 44 | €1,938 | €5,139 | +€3,200 | +165% |
| Suppliers | 440/4 | €1,938 | €5,139 | +€3,200 | +165% |
| Advances received on contracts in progress | 46 | €162,615 | €0 | -€162,615 | -100% |
| Taxes, remuneration and social security | 45 | €79,804 | €1,025 | -€78,779 | -98.7% |
| Taxes | 450/3 | €77,923 | €1,025 | -€76,898 | -98.7% |
| Remuneration and social security | 454/9 | €1,881 | €0 | -€1,881 | -100% |
| Other amounts payable | 47/48 | €191,260 | €413,991 | +€222,731 | +116% |
| Accrued charges and deferred income | 492/3 | €12,576 | €1,323 | -€11,253 | -89.5% |
| Non-recurring operating income | 76A | €3,594 | €0 | -€3,594 | -100% |
| Remuneration, social security and pensions | 62 | €8,657 | €46 | -€8,612 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,901 | €36,972 | -€4,929 | -11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €74,687 | €0 | -€74,687 | -100% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €50,000 | -€50,000 | -€100,000 | |
| Other operating charges | 640/8 | €2,637 | €2,406 | -€231 | -8.8% |
| Gross operating margin | 9900 | €354,950 | -€39,877 | -€394,827 | |
| Operating profit (loss) | 9901 | €177,067 | -€29,301 | -€206,368 | |
| Financial income | 75/76B | €2,023 | €375 | -€1,648 | -81.5% |
| Recurring financial income | 75 | €2,023 | €375 | -€1,648 | -81.5% |
| Financial charges | 65/66B | €15,220 | €2,157 | -€13,063 | -85.8% |
| Recurring financial charges | 65 | €15,220 | €2,157 | -€13,063 | -85.8% |
| Profit (loss) for the period before taxes | 9903 | €163,870 | -€31,083 | -€194,953 | |
| Income taxes | 67/77 | €46,048 | €404 | -€45,644 | -99.1% |
| Profit (loss) for the period | 9904 | €117,822 | -€31,487 | -€149,309 | |
| Profit (loss) for the period to be appropriated | 9905 | €117,822 | -€31,487 | -€149,309 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.