De Geest: 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.
De Geest
Largest movements
- Receivables within one year -€8,506
down €8,506 (-25.2%), from €33,819 to €25,313
of which Other amounts receivable: -€5,984
- Cash +€4,409
up €4,409 (+35.6%), from €12,398 to €16,806
mainly Receivables within one year (+€8,506) and Depreciation (+€4,310)
- Tangible fixed assets -€4,310
down €4,310 (-50.4%), from €8,557 to €4,246
of which Furniture and vehicles: -€3,760
- Other debts -€7,908
down €7,908 (-16.0%), from €49,559 to €41,651
- Gross operating margin +€31,003
up €31,003, from -€26,793 to €4,210
- Depreciation -€625
down €625 (-12.7%), from €4,936 to €4,310
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 | €277,269 | €267,527 | -€9,742 | -3.5% |
| Fixed assets | 21/28 | €8,557 | €4,246 | -€4,310 | -50.4% |
| Tangible fixed assets | 22/27 | €8,557 | €4,246 | -€4,310 | -50.4% |
| Plant, machinery and equipment | 23 | €1,430 | €880 | -€550 | -38.5% |
| Furniture and vehicles | 24 | €7,127 | €3,366 | -€3,760 | -52.8% |
| Current assets | 29/58 | €268,712 | €263,280 | -€5,432 | -2.0% |
| Stocks and contracts in progress | 3 | €222,495 | €221,161 | -€1,334 | -0.6% |
| Stocks | 30/36 | €222,495 | €221,161 | -€1,334 | -0.6% |
| Amounts receivable within one year | 40/41 | €33,819 | €25,313 | -€8,506 | -25.2% |
| Trade receivables | 40 | €16,052 | €13,529 | -€2,523 | -15.7% |
| Other amounts receivable | 41 | €17,767 | €11,784 | -€5,984 | -33.7% |
| Cash at bank and in hand | 54/58 | €12,398 | €16,806 | +€4,409 | +35.6% |
| Total equity and liabilities | 10/49 | €277,269 | €267,527 | -€9,742 | -3.5% |
| Equity | 10/15 | €227,387 | €224,884 | -€2,503 | -1.1% |
| Contributions | 10/11 | €63,709 | €63,709 | = | 0.0% |
| Capital | 10 | €63,709 | €63,709 | = | 0.0% |
| Issued capital | 100 | €63,709 | €63,709 | = | 0.0% |
| Reserves | 13 | €44,371 | €44,371 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,371 | €6,371 | = | 0.0% |
| Legal reserve | 130 | €6,371 | €6,371 | = | 0.0% |
| Distributable reserves | 133 | €38,000 | €38,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,308 | €116,805 | -€2,503 | -2.1% |
| Amounts payable | 17/49 | €49,881 | €42,643 | -€7,239 | -14.5% |
| Amounts payable within one year | 42/48 | €49,881 | €42,643 | -€7,239 | -14.5% |
| Trade debts | 44 | €105 | €105 | -€0 | 0.0% |
| Suppliers | 440/4 | €105 | €105 | -€0 | 0.0% |
| Taxes, remuneration and social security | 45 | €217 | €886 | +€670 | +309% |
| Taxes | 450/3 | €217 | €886 | +€670 | +309% |
| Other amounts payable | 47/48 | €49,559 | €41,651 | -€7,908 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,936 | €4,310 | -€625 | -12.7% |
| Other operating charges | 640/8 | €1,055 | €1,101 | +€47 | +4.4% |
| Gross operating margin | 9900 | -€26,793 | €4,210 | +€31,003 | |
| Operating profit (loss) | 9901 | -€32,783 | -€1,201 | +€31,582 | +96.3% |
| Financial income | 75/76B | €20 | €59 | +€39 | +196% |
| Recurring financial income | 75 | €20 | €59 | +€39 | +196% |
| Financial charges | 65/66B | €1,386 | €1,144 | -€242 | -17.5% |
| Recurring financial charges | 65 | €1,386 | €1,144 | -€242 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | -€34,150 | -€2,287 | +€31,863 | +93.3% |
| Income taxes | 67/77 | €233 | €217 | -€16 | -6.9% |
| Profit (loss) for the period | 9904 | -€34,382 | -€2,503 | +€31,879 | +92.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,382 | -€2,503 | +€31,879 | +92.7% |
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 16 October 2026 via checked.be.