Chris Geysen: 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.
Chris Geysen
Largest movements
- Receivables within one year +€37,055
up €37,055 (+157%), from €23,613 to €60,668
of which Other amounts receivable: +€46,179
- Tangible fixed assets +€24,620
up €24,620 (+72.5%), from €33,953 to €58,572
of which Plant, machinery and equipment: +€20,247
- Current investments +€6,000
up €6,000 (+50.0%), from €11,999 to €17,999
- Stocks and contracts -€5,690
no longer reported in 2025 (was €5,690)
- Cash +€3,533
up €3,533 (+4.1%), from €86,173 to €89,706
mainly Net result for the year (+€52,444) and Depreciation (+€15,948)
- Reserves +€52,444
up €52,444 (+54.2%), from €96,839 to €149,283
- Debts after one year +€10,846
up €10,846 (+132%), from €8,246 to €19,092
- Tax, wage and social debts -€4,702
down €4,702 (-16.9%), from €27,786 to €23,084
- Current portion of long-term debt +€4,024
up €4,024 (+70.6%), from €5,698 to €9,722
- Trade debts +€2,394
up €2,394 (+28.4%), from €8,441 to €10,835
- Gross operating margin +€25,152
up €25,152 (+42.8%), from €58,761 to €83,913
- Depreciation +€5,441
up €5,441 (+51.8%), from €10,507 to €15,948
- Taxes +€4,612
up €4,612 (+44.9%), from €10,272 to €14,884
- Financial income +€1,258
up €1,258 (+289%), from €435 to €1,693
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 | €165,389 | €230,240 | +€64,851 | +39.2% |
| Fixed assets | 21/28 | €37,914 | €61,694 | +€23,780 | +62.7% |
| Intangible fixed assets | 21 | €3,961 | €3,121 | -€840 | -21.2% |
| Tangible fixed assets | 22/27 | €33,953 | €58,572 | +€24,620 | +72.5% |
| Plant, machinery and equipment | 23 | €32,302 | €52,549 | +€20,247 | +62.7% |
| Furniture and vehicles | 24 | €1,651 | €6,023 | +€4,372 | +265% |
| Current assets | 29/58 | €127,475 | €168,546 | +€41,071 | +32.2% |
| Stocks and contracts in progress | 3 | €5,690 | - | -€5,690 | |
| Stocks | 30/36 | €5,690 | - | -€5,690 | |
| Amounts receivable within one year | 40/41 | €23,613 | €60,668 | +€37,055 | +157% |
| Trade receivables | 40 | €15,894 | €6,770 | -€9,124 | -57.4% |
| Other amounts receivable | 41 | €7,719 | €53,898 | +€46,179 | +598% |
| Current investments | 50/53 | €11,999 | €17,999 | +€6,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €86,173 | €89,706 | +€3,533 | +4.1% |
| Deferred charges and accrued income | 490/1 | - | €173 | +€173 | |
| Total equity and liabilities | 10/49 | €165,389 | €230,240 | +€64,851 | +39.2% |
| Equity | 10/15 | €111,839 | €164,283 | +€52,444 | +46.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €96,839 | €149,283 | +€52,444 | +54.2% |
| Distributable reserves | 133 | €96,839 | €149,283 | +€52,444 | +54.2% |
| Amounts payable | 17/49 | €53,550 | €65,957 | +€12,407 | +23.2% |
| Amounts payable after more than one year | 17 | €8,246 | €19,092 | +€10,846 | +132% |
| Financial debts | 170/4 | €8,246 | €19,092 | +€10,846 | +132% |
| Amounts payable within one year | 42/48 | €41,925 | €43,641 | +€1,716 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €5,698 | €9,722 | +€4,024 | +70.6% |
| Trade debts | 44 | €8,441 | €10,835 | +€2,394 | +28.4% |
| Suppliers | 440/4 | €8,441 | €10,835 | +€2,394 | +28.4% |
| Taxes, remuneration and social security | 45 | €27,786 | €23,084 | -€4,702 | -16.9% |
| Taxes | 450/3 | €27,786 | €23,084 | -€4,702 | -16.9% |
| Accrued charges and deferred income | 492/3 | €3,379 | €3,224 | -€154 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,507 | €15,948 | +€5,441 | +51.8% |
| Other operating charges | 640/8 | €577 | €664 | +€87 | +15.1% |
| Gross operating margin | 9900 | €58,761 | €83,913 | +€25,152 | +42.8% |
| Operating profit (loss) | 9901 | €47,677 | €67,301 | +€19,624 | +41.2% |
| Financial income | 75/76B | €435 | €1,693 | +€1,258 | +289% |
| Recurring financial income | 75 | €435 | €1,693 | +€1,258 | +289% |
| Financial charges | 65/66B | €1,186 | €1,667 | +€481 | +40.6% |
| Recurring financial charges | 65 | €1,186 | €1,667 | +€481 | +40.6% |
| Profit (loss) for the period before taxes | 9903 | €46,927 | €67,328 | +€20,401 | +43.5% |
| Income taxes | 67/77 | €10,272 | €14,884 | +€4,612 | +44.9% |
| Profit (loss) for the period | 9904 | €36,655 | €52,444 | +€15,789 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,655 | €52,444 | +€15,789 | +43.1% |
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 27 October 2026 via checked.be.