ANDRE GEEROMS: 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.
ANDRE GEEROMS
Largest movements
- Tangible fixed assets -€9,810
down €9,810 (-7.5%), from €131,241 to €121,432
- Stocks and contracts -€2,500
down €2,500 (-7.3%), from €34,150 to €31,650
- Receivables within one year -€2,120
down €2,120 (-65.5%), from €3,237 to €1,118
of which Other amounts receivable: -€1,587
- Profit (loss) carried forward -€28,837
down €28,837 (-12.1%), from -€237,655 to -€266,492
- Other debts +€12,819
up €12,819 (+3.9%), from €330,003 to €342,822
- Trade debts +€2,804
up €2,804 (+92.9%), from €3,020 to €5,824
- Gross operating margin +€8,459
up €8,459 (+36.6%), from -€23,127 to -€14,668
- Other operating charges +€930
up €930 (+41.0%), from €2,270 to €3,199
- Taxes +€400
up €400 (+163%), from €245 to €645
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 | €172,480 | €157,995 | -€14,485 | -8.4% |
| Fixed assets | 21/28 | €131,241 | €121,432 | -€9,810 | -7.5% |
| Tangible fixed assets | 22/27 | €131,241 | €121,432 | -€9,810 | -7.5% |
| Land and buildings | 22 | €131,241 | €121,432 | -€9,810 | -7.5% |
| Current assets | 29/58 | €41,239 | €36,563 | -€4,675 | -11.3% |
| Stocks and contracts in progress | 3 | €34,150 | €31,650 | -€2,500 | -7.3% |
| Stocks | 30/36 | €34,150 | €31,650 | -€2,500 | -7.3% |
| Amounts receivable within one year | 40/41 | €3,237 | €1,118 | -€2,120 | -65.5% |
| Trade receivables | 40 | €532 | €0 | -€532 | -100% |
| Other amounts receivable | 41 | €2,705 | €1,118 | -€1,587 | -58.7% |
| Cash at bank and in hand | 54/58 | €2,766 | €3,796 | +€1,030 | +37.2% |
| Deferred charges and accrued income | 490/1 | €1,085 | €0 | -€1,085 | -100% |
| Total equity and liabilities | 10/49 | €172,480 | €157,995 | -€14,485 | -8.4% |
| Equity | 10/15 | -€199,643 | -€228,479 | -€28,837 | -14.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €25,612 | €25,612 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,516 | €2,516 | = | 0.0% |
| Distributable reserves | 133 | €23,096 | €23,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€237,655 | -€266,492 | -€28,837 | -12.1% |
| Amounts payable | 17/49 | €372,123 | €386,475 | +€14,352 | +3.9% |
| Amounts payable after more than one year | 17 | €35,000 | €35,000 | = | 0.0% |
| Other amounts payable | 178/9 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €337,055 | €351,475 | +€14,420 | +4.3% |
| Financial debts | 43 | - | €95 | +€95 | |
| Credit institutions | 430/8 | - | €95 | +€95 | |
| Trade debts | 44 | €3,020 | €5,824 | +€2,804 | +92.9% |
| Suppliers | 440/4 | €3,020 | €5,824 | +€2,804 | +92.9% |
| Taxes, remuneration and social security | 45 | €4,032 | €2,734 | -€1,298 | -32.2% |
| Taxes | 450/3 | €4,032 | €2,734 | -€1,298 | -32.2% |
| Other amounts payable | 47/48 | €330,003 | €342,822 | +€12,819 | +3.9% |
| Accrued charges and deferred income | 492/3 | €68 | €0 | -€68 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,810 | €9,810 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,270 | €3,199 | +€930 | +41.0% |
| Gross operating margin | 9900 | -€23,127 | -€14,668 | +€8,459 | +36.6% |
| Operating profit (loss) | 9901 | -€35,206 | -€27,677 | +€7,529 | +21.4% |
| Financial income | 75/76B | €51 | €0 | -€51 | -99.7% |
| Recurring financial income | 75 | €51 | €0 | -€51 | -99.7% |
| Financial charges | 65/66B | €530 | €515 | -€15 | -2.8% |
| Recurring financial charges | 65 | €530 | €515 | -€15 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€35,685 | -€28,192 | +€7,494 | +21.0% |
| Income taxes | 67/77 | €245 | €645 | +€400 | +163% |
| Profit (loss) for the period | 9904 | -€35,930 | -€28,837 | +€7,094 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,930 | -€28,837 | +€7,094 | +19.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.