Arne De Geeter: what changed
Arne De Geeter
Largest movements
- Cash +€25,519
up €25,519 (+146%), from €17,520 to €43,038
mainly Net result for the year (+€20,702) and Depreciation (+€7,390)
- Tangible fixed assets -€2,324
down €2,324 (-8.3%), from €27,960 to €25,636
of which Furniture and vehicles: -€3,756
- Deferred charges and accrued income +€1,085
up €1,085 (+38.0%), from €2,858 to €3,942
- Reserves +€20,702
up €20,702 (+43.4%), from €47,697 to €68,399
- Tax, wage and social debts +€2,481
up €2,481 (+39.6%), from €6,266 to €8,746
of which Taxes: +€2,473
- Trade debts +€2,024
up €2,024 (+96.5%), from €2,098 to €4,122
- Other debts -€2,015
down €2,015 (-13.1%), from €15,328 to €13,313
- Gross operating margin -€30,348
down €30,348 (-47.0%), from €64,598 to €34,251
- Taxes -€7,458
down €7,458 (-56.7%), from €13,164 to €5,706
- Depreciation +€3,772
up €3,772 (+104%), from €3,618 to €7,390
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,389 | €95,581 | +€23,192 | +32.0% |
| Formation expenses | 20 | €2,324 | €1,738 | -€586 | -25.2% |
| Fixed assets | 21/28 | €28,095 | €25,771 | -€2,324 | -8.3% |
| Tangible fixed assets | 22/27 | €27,960 | €25,636 | -€2,324 | -8.3% |
| Plant, machinery and equipment | 23 | €3,082 | €4,514 | +€1,431 | +46.4% |
| Furniture and vehicles | 24 | €24,878 | €21,122 | -€3,756 | -15.1% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €41,969 | €68,072 | +€26,103 | +62.2% |
| Amounts receivable within one year | 40/41 | €21,592 | €21,092 | -€500 | -2.3% |
| Trade receivables | 40 | €19,256 | €16,745 | -€2,511 | -13.0% |
| Other amounts receivable | 41 | €2,336 | €4,347 | +€2,011 | +86.1% |
| Cash at bank and in hand | 54/58 | €17,520 | €43,038 | +€25,519 | +146% |
| Deferred charges and accrued income | 490/1 | €2,858 | €3,942 | +€1,085 | +38.0% |
| Total equity and liabilities | 10/49 | €72,389 | €95,581 | +€23,192 | +32.0% |
| Equity | 10/15 | €48,697 | €69,399 | +€20,702 | +42.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €47,697 | €68,399 | +€20,702 | +43.4% |
| Distributable reserves | 133 | €47,697 | €68,399 | +€20,702 | +43.4% |
| Amounts payable | 17/49 | €23,692 | €26,182 | +€2,490 | +10.5% |
| Amounts payable within one year | 42/48 | €23,692 | €26,182 | +€2,490 | +10.5% |
| Trade debts | 44 | €2,098 | €4,122 | +€2,024 | +96.5% |
| Suppliers | 440/4 | €2,098 | €4,122 | +€2,024 | +96.5% |
| Taxes, remuneration and social security | 45 | €6,266 | €8,746 | +€2,481 | +39.6% |
| Taxes | 450/3 | €4,934 | €7,407 | +€2,473 | +50.1% |
| Remuneration and social security | 454/9 | €1,332 | €1,339 | +€8 | +0.6% |
| Other amounts payable | 47/48 | €15,328 | €13,313 | -€2,015 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,618 | €7,390 | +€3,772 | +104% |
| Other operating charges | 640/8 | €80 | €149 | +€69 | +85.7% |
| Gross operating margin | 9900 | €64,598 | €34,251 | -€30,348 | -47.0% |
| Operating profit (loss) | 9901 | €60,901 | €26,712 | -€34,188 | -56.1% |
| Financial charges | 65/66B | €40 | €304 | +€264 | +660% |
| Recurring financial charges | 65 | €40 | €304 | +€264 | +660% |
| Profit (loss) for the period before taxes | 9903 | €60,861 | €26,408 | -€34,453 | -56.6% |
| Income taxes | 67/77 | €13,164 | €5,706 | -€7,458 | -56.7% |
| Profit (loss) for the period | 9904 | €47,697 | €20,702 | -€26,994 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,697 | €20,702 | -€26,994 | -56.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.