ATELIERS GEURTS: 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.
ATELIERS GEURTS
Largest movements
- Cash +€34,400
up €34,400 (+412%), from €8,349 to €42,749
mainly Net result for the year (+€39,793) and Tax, wage and social debts (+€13,586)
- Receivables within one year +€12,711
up €12,711 (+64.9%), from €19,596 to €32,307
- Tangible fixed assets -€10,194
down €10,194 (-15.0%), from €68,055 to €57,861
of which Plant, machinery and equipment: -€10,194
- Reserves +€39,700
up €39,700 (+2,135%), from €1,859 to €41,559
of which Distributable reserves: +€39,700
- Debts after one year -€20,422
down €20,422 (-69.1%), from €29,538 to €9,115
- Tax, wage and social debts +€13,586
up €13,586 (+138%), from €9,834 to €23,420
of which Taxes: +€16,169
- Other debts +€9,137
up €9,137 (+6,989%), from €131 to €9,267
- Current portion of long-term debt -€4,951
down €4,951 (-49.2%), from €10,053 to €5,102
- Gross operating margin +€26,090
up €26,090 (+53.4%), from €48,882 to €74,972
- Taxes +€15,037
up €15,037 (+390%), from €3,851 to €18,887
- Financial charges -€7,199
down €7,199 (-72.2%), from €9,964 to €2,766
- Depreciation -€4,219
down €4,219 (-29.3%), from €14,413 to €10,194
- Financial income +€1,029
up €1,029 (+246%), from €419 to €1,448
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 | €103,749 | €141,520 | +€37,771 | +36.4% |
| Fixed assets | 21/28 | €68,329 | €58,135 | -€10,194 | -14.9% |
| Tangible fixed assets | 22/27 | €68,055 | €57,861 | -€10,194 | -15.0% |
| Land and buildings | 22 | €19,396 | €19,396 | = | 0.0% |
| Plant, machinery and equipment | 23 | €48,659 | €38,465 | -€10,194 | -21.0% |
| Financial fixed assets | 28 | €274 | €274 | = | 0.0% |
| Current assets | 29/58 | €35,421 | €83,386 | +€47,965 | +135% |
| Stocks and contracts in progress | 3 | €7,423 | €8,277 | +€854 | +11.5% |
| Stocks | 30/36 | €7,423 | €8,277 | +€854 | +11.5% |
| Amounts receivable within one year | 40/41 | €19,596 | €32,307 | +€12,711 | +64.9% |
| Trade receivables | 40 | €19,596 | €32,307 | +€12,711 | +64.9% |
| Cash at bank and in hand | 54/58 | €8,349 | €42,749 | +€34,400 | +412% |
| Deferred charges and accrued income | 490/1 | €53 | €53 | = | 0.0% |
| Total equity and liabilities | 10/49 | €103,749 | €141,520 | +€37,771 | +36.4% |
| Equity | 10/15 | €44,486 | €84,279 | +€39,793 | +89.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €41,559 | +€39,700 | +2,135% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | - | €39,700 | +€39,700 | |
| Profit (loss) carried forward | 14 | €24,034 | €24,127 | +€93 | +0.4% |
| Amounts payable | 17/49 | €59,264 | €57,242 | -€2,022 | -3.4% |
| Amounts payable after more than one year | 17 | €29,538 | €9,115 | -€20,422 | -69.1% |
| Financial debts | 170/4 | €29,538 | €9,115 | -€20,422 | -69.1% |
| Amounts payable within one year | 42/48 | €29,726 | €48,126 | +€18,400 | +61.9% |
| Current portion of amounts payable after more than one year | 42 | €10,053 | €5,102 | -€4,951 | -49.2% |
| Trade debts | 44 | €5,758 | €10,337 | +€4,579 | +79.5% |
| Suppliers | 440/4 | €5,758 | €10,337 | +€4,579 | +79.5% |
| Advances received on contracts in progress | 46 | €3,950 | - | -€3,950 | |
| Taxes, remuneration and social security | 45 | €9,834 | €23,420 | +€13,586 | +138% |
| Taxes | 450/3 | €7,251 | €23,420 | +€16,169 | +223% |
| Remuneration and social security | 454/9 | €2,583 | - | -€2,583 | |
| Other amounts payable | 47/48 | €131 | €9,267 | +€9,137 | +6,989% |
| Non-recurring operating income | 76A | €30,000 | - | -€30,000 | |
| Remuneration, social security and pensions | 62 | €73 | - | -€73 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,413 | €10,194 | -€4,219 | -29.3% |
| Other operating charges | 640/8 | €4,976 | €4,780 | -€197 | -4.0% |
| Non-recurring operating charges | 66A | €58 | - | -€58 | |
| Gross operating margin | 9900 | €48,882 | €74,972 | +€26,090 | +53.4% |
| Operating profit (loss) | 9901 | €29,362 | €59,998 | +€30,637 | +104% |
| Financial income | 75/76B | €419 | €1,448 | +€1,029 | +246% |
| Recurring financial income | 75 | €419 | €1,448 | +€1,029 | +246% |
| Financial charges | 65/66B | €9,964 | €2,766 | -€7,199 | -72.2% |
| Recurring financial charges | 65 | €9,964 | €2,766 | -€7,199 | -72.2% |
| Profit (loss) for the period before taxes | 9903 | €19,816 | €58,680 | +€38,865 | +196% |
| Income taxes | 67/77 | €3,851 | €18,887 | +€15,037 | +390% |
| Profit (loss) for the period | 9904 | €15,965 | €39,793 | +€23,828 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €15,965 | €39,793 | +€23,828 | +149% |
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 31 October 2026 via checked.be.