De Geestige Put: 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 Geestige Put
Largest movements
- Tangible fixed assets -€54,935
down €54,935 (-4.3%), from €1.3m to €1.2m
of which Land and buildings: -€65,473
- Receivables within one year +€53,960
up €53,960 (+46.1%), from €116,951 to €170,911
of which Trade receivables: +€53,626
- Debts after one year -€81,074
down €81,074 (-10.1%), from €799,756 to €718,682
- Advances received +€64,591
up €64,591 (+991%), from €6,516 to €71,107
- Trade debts -€26,108
down €26,108 (-32.8%), from €79,499 to €53,391
- Tax, wage and social debts +€21,478
up €21,478 (+109%), from €19,783 to €41,261
of which Remuneration and social security: +€13,554
- Current portion of long-term debt -€21,454
down €21,454 (-11.9%), from €180,735 to €159,281
- Staff costs -€84,832
down €84,832 (-25.3%), from €335,457 to €250,625
- Gross operating margin -€77,374
down €77,374 (-14.1%), from €549,512 to €472,138
- Depreciation +€13,575
up €13,575 (+9.1%), from €149,785 to €163,360
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 | €1,476,281 | €1,471,711 | -€4,570 | -0.3% |
| Formation expenses | 20 | €1,247 | €928 | -€319 | -25.6% |
| Fixed assets | 21/28 | €1,310,104 | €1,241,118 | -€68,986 | -5.3% |
| Intangible fixed assets | 21 | €19,008 | €4,957 | -€14,051 | -73.9% |
| Tangible fixed assets | 22/27 | €1,291,096 | €1,236,161 | -€54,935 | -4.3% |
| Land and buildings | 22 | €957,574 | €892,100 | -€65,473 | -6.8% |
| Plant, machinery and equipment | 23 | €305,999 | €289,323 | -€16,675 | -5.4% |
| Furniture and vehicles | 24 | €27,524 | €13,345 | -€14,178 | -51.5% |
| Leasing and similar rights | 25 | - | €41,393 | +€41,393 | |
| Current assets | 29/58 | €164,930 | €229,665 | +€64,735 | +39.3% |
| Stocks and contracts in progress | 3 | €12,131 | €20,663 | +€8,532 | +70.3% |
| Stocks | 30/36 | €12,131 | €20,663 | +€8,532 | +70.3% |
| Amounts receivable within one year | 40/41 | €116,951 | €170,911 | +€53,960 | +46.1% |
| Trade receivables | 40 | €116,927 | €170,552 | +€53,626 | +45.9% |
| Other amounts receivable | 41 | €24 | €359 | +€335 | +1,394% |
| Cash at bank and in hand | 54/58 | €24,860 | €27,536 | +€2,676 | +10.8% |
| Deferred charges and accrued income | 490/1 | €10,988 | €10,555 | -€433 | -3.9% |
| Total equity and liabilities | 10/49 | €1,476,281 | €1,471,711 | -€4,570 | -0.3% |
| Equity | 10/15 | €289,830 | €325,119 | +€35,290 | +12.2% |
| Contributions | 10/11 | €156,458 | €171,458 | +€15,000 | +9.6% |
| Reserves | 13 | €133,371 | €153,661 | +€20,290 | +15.2% |
| Distributable reserves | 133 | €133,371 | €153,661 | +€20,290 | +15.2% |
| Amounts payable | 17/49 | €1,186,451 | €1,146,592 | -€39,859 | -3.4% |
| Amounts payable after more than one year | 17 | €799,756 | €718,682 | -€81,074 | -10.1% |
| Financial debts | 170/4 | €799,756 | €718,682 | -€81,074 | -10.1% |
| Amounts payable within one year | 42/48 | €386,497 | €427,910 | +€41,413 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €180,735 | €159,281 | -€21,454 | -11.9% |
| Financial debts | 43 | - | €2,010 | +€2,010 | |
| Credit institutions | 430/8 | - | €2,010 | +€2,010 | |
| Trade debts | 44 | €79,499 | €53,391 | -€26,108 | -32.8% |
| Suppliers | 440/4 | €79,499 | €53,391 | -€26,108 | -32.8% |
| Advances received on contracts in progress | 46 | €6,516 | €71,107 | +€64,591 | +991% |
| Taxes, remuneration and social security | 45 | €19,783 | €41,261 | +€21,478 | +109% |
| Taxes | 450/3 | €16,932 | €24,856 | +€7,924 | +46.8% |
| Remuneration and social security | 454/9 | €2,851 | €16,405 | +€13,554 | +475% |
| Other amounts payable | 47/48 | €99,963 | €100,860 | +€896 | +0.9% |
| Accrued charges and deferred income | 492/3 | €198 | €0 | -€198 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €335,457 | €250,625 | -€84,832 | -25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,785 | €163,360 | +€13,575 | +9.1% |
| Other operating charges | 640/8 | €8,309 | €9,055 | +€746 | +9.0% |
| Gross operating margin | 9900 | €549,512 | €472,138 | -€77,374 | -14.1% |
| Operating profit (loss) | 9901 | €55,962 | €49,098 | -€6,864 | -12.3% |
| Financial income | 75/76B | €1,922 | €1,774 | -€148 | -7.7% |
| Recurring financial income | 75 | €1,922 | €1,774 | -€148 | -7.7% |
| Financial charges | 65/66B | €23,990 | €23,559 | -€430 | -1.8% |
| Recurring financial charges | 65 | €23,990 | €23,559 | -€430 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €33,894 | €27,313 | -€6,581 | -19.4% |
| Income taxes | 67/77 | €8,913 | €7,023 | -€1,890 | -21.2% |
| Profit (loss) for the period | 9904 | €24,981 | €20,290 | -€4,691 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,981 | €20,290 | -€4,691 | -18.8% |
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 23 October 2026 via checked.be.