BOUWSTUDIES GEURTS: what changed
What changed
BOUWSTUDIES GEURTS
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€61,405
2024 · €52,205+€9,200
Equity
€149,207
2024 · €87,802+€61,405
Cash
€141,354
2024 · €68,963+€72,391
Balance sheet total
€185,614
2024 · €147,706+€37,908
Largest movements
Assets
- Cash +€72,391
up €72,391 (+105%), from €68,963 to €141,354
mainly Net result for the year (+€61,405) and Depreciation (+€35,489)
- Intangible fixed assets -€24,948
no longer reported in 2025 (was €24,948)
- Tangible fixed assets -€10,541
down €10,541 (-35.5%), from €29,711 to €19,170
of which Furniture and vehicles: -€10,044
Equity and liabilities
- Reserves +€61,405
up €61,405 (+88.7%), from €69,202 to €130,607
of which Distributable reserves: +€61,405
- Trade debts -€12,378
down €12,378 (-66.1%), from €18,713 to €6,335
- Debts after one year -€9,383
down €9,383 (-49.2%), from €19,079 to €9,696
Income statement
- Gross operating margin +€8,456
up €8,456 (+7.9%), from €107,545 to €116,000
- Taxes +€2,370
up €2,370 (+16.4%), from €14,415 to €16,785
- Financial charges -€2,097
down €2,097 (-61.0%), from €3,438 to €1,341
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
€52,205
Gross operating margin
+€8,456
Depreciation
+€0
Other operating charges
+€1,045
Financial income
-€28
Financial charges
+€2,097
Taxes
-€2,370
Result 2025
€61,405
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
+€81,471
Investment
€0
Financing
-€9,079
Cash 2024
€68,963
From operations (derived)
+€81,471
Net result for the year
+€61,405
Depreciation
+€35,489
Receivables within one year
+€428
Deferred charges and accrued income
-€1,434
Trade debts
-€12,378
Tax, wage and social debts
-€706
Other debts
-€1,034
Accrued charges and deferred income
-€300
Financing
-€9,079
Debts after one year
-€9,383
Current portion of long-term debt
+€303
Cash 2025
€141,354
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,706 | €185,614 | +€37,908 | +25.7% |
| Fixed assets | 21/28 | €54,659 | €19,170 | -€35,489 | -64.9% |
| Intangible fixed assets | 21 | €24,948 | - | -€24,948 | |
| Tangible fixed assets | 22/27 | €29,711 | €19,170 | -€10,541 | -35.5% |
| Plant, machinery and equipment | 23 | €1,368 | €871 | -€497 | -36.3% |
| Furniture and vehicles | 24 | €28,342 | €18,299 | -€10,044 | -35.4% |
| Current assets | 29/58 | €93,047 | €166,444 | +€73,397 | +78.9% |
| Amounts receivable within one year | 40/41 | €22,165 | €21,736 | -€428 | -1.9% |
| Trade receivables | 40 | €21,580 | €21,736 | +€156 | +0.7% |
| Other amounts receivable | 41 | €585 | - | -€585 | |
| Cash at bank and in hand | 54/58 | €68,963 | €141,354 | +€72,391 | +105% |
| Deferred charges and accrued income | 490/1 | €1,920 | €3,354 | +€1,434 | +74.7% |
| Total equity and liabilities | 10/49 | €147,706 | €185,614 | +€37,908 | +25.7% |
| Equity | 10/15 | €87,802 | €149,207 | +€61,405 | +69.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,202 | €130,607 | +€61,405 | +88.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €67,342 | €128,747 | +€61,405 | +91.2% |
| Amounts payable | 17/49 | €59,904 | €36,407 | -€23,497 | -39.2% |
| Amounts payable after more than one year | 17 | €19,079 | €9,696 | -€9,383 | -49.2% |
| Financial debts | 170/4 | €19,079 | €9,696 | -€9,383 | -49.2% |
| Amounts payable within one year | 42/48 | €40,525 | €26,711 | -€13,814 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €9,079 | €9,383 | +€303 | +3.3% |
| Trade debts | 44 | €18,713 | €6,335 | -€12,378 | -66.1% |
| Suppliers | 440/4 | €18,713 | €6,335 | -€12,378 | -66.1% |
| Taxes, remuneration and social security | 45 | €10,547 | €9,841 | -€706 | -6.7% |
| Taxes | 450/3 | €8,547 | €9,841 | +€1,294 | +15.1% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €2,185 | €1,151 | -€1,034 | -47.3% |
| Accrued charges and deferred income | 492/3 | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,489 | €35,489 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,033 | €989 | -€1,045 | -51.4% |
| Gross operating margin | 9900 | €107,545 | €116,000 | +€8,456 | +7.9% |
| Operating profit (loss) | 9901 | €70,022 | €79,523 | +€9,500 | +13.6% |
| Financial income | 75/76B | €36 | €9 | -€28 | -76.3% |
| Recurring financial income | 75 | €36 | €9 | -€28 | -76.3% |
| Financial charges | 65/66B | €3,438 | €1,341 | -€2,097 | -61.0% |
| Recurring financial charges | 65 | €3,438 | €1,341 | -€2,097 | -61.0% |
| Profit (loss) for the period before taxes | 9903 | €66,620 | €78,190 | +€11,570 | +17.4% |
| Income taxes | 67/77 | €14,415 | €16,785 | +€2,370 | +16.4% |
| Profit (loss) for the period | 9904 | €52,205 | €61,405 | +€9,200 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,205 | €61,405 | +€9,200 | +17.6% |
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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 4 November 2026 via checked.be.