DE GEETER ARNE: 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 GEETER ARNE
Largest movements
- Cash +€59,654
up €59,654 (+43.2%), from €138,002 to €197,656
mainly Net result for the year (+€75,127) and Other debts (+€48,829)
- Current investments -€44,808
down €44,808 (-45.3%), from €98,861 to €54,053
- Tangible fixed assets -€11,854
down €11,854 (-23.0%), from €51,528 to €39,674
- Receivables within one year +€3,267
up €3,267, from €0 to €3,267
of which Other amounts receivable: +€2,713
- Other debts +€48,829
up €48,829 (+434%), from €11,256 to €60,085
- Reserves -€19,723
down €19,723 (-10.8%), from €183,458 to €163,734
- Tax, wage and social debts -€18,929
down €18,929 (-41.4%), from €45,733 to €26,804
- Debts after one year -€10,558
down €10,558 (-28.0%), from €37,663 to €27,105
- Short-term financial debts +€6,315
new in 2025: €6,315
- Gross operating margin +€25,453
up €25,453 (+29.5%), from €86,345 to €111,797
- Taxes +€6,118
up €6,118 (+35.6%), from €17,185 to €23,303
- Depreciation +€4,113
up €4,113 (+53.1%), from €7,740 to €11,854
- Financial charges +€2,210
up €2,210 (+104%), from €2,121 to €4,331
- Financial income +€1,628
up €1,628 (+92.5%), from €1,760 to €3,388
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 | €289,338 | €295,345 | +€6,007 | +2.1% |
| Fixed assets | 21/28 | €51,528 | €39,674 | -€11,854 | -23.0% |
| Tangible fixed assets | 22/27 | €51,528 | €39,674 | -€11,854 | -23.0% |
| Furniture and vehicles | 24 | €51,528 | €39,674 | -€11,854 | -23.0% |
| Current assets | 29/58 | €237,810 | €255,671 | +€17,861 | +7.5% |
| Amounts receivable within one year | 40/41 | €0 | €3,267 | +€3,267 | |
| Trade receivables | 40 | €0 | €554 | +€554 | |
| Other amounts receivable | 41 | - | €2,713 | +€2,713 | |
| Current investments | 50/53 | €98,861 | €54,053 | -€44,808 | -45.3% |
| Cash at bank and in hand | 54/58 | €138,002 | €197,656 | +€59,654 | +43.2% |
| Deferred charges and accrued income | 490/1 | €947 | €695 | -€252 | -26.6% |
| Total equity and liabilities | 10/49 | €289,338 | €295,345 | +€6,007 | +2.1% |
| Equity | 10/15 | €183,758 | €164,034 | -€19,723 | -10.7% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Reserves | 13 | €183,458 | €163,734 | -€19,723 | -10.8% |
| Distributable reserves | 133 | €183,458 | €163,734 | -€19,723 | -10.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €105,580 | €131,311 | +€25,731 | +24.4% |
| Amounts payable after more than one year | 17 | €37,663 | €27,105 | -€10,558 | -28.0% |
| Financial debts | 170/4 | €37,663 | €27,105 | -€10,558 | -28.0% |
| Amounts payable within one year | 42/48 | €67,918 | €104,206 | +€36,289 | +53.4% |
| Current portion of amounts payable after more than one year | 42 | €10,192 | €10,558 | +€366 | +3.6% |
| Financial debts | 43 | - | €6,315 | +€6,315 | |
| Credit institutions | 430/8 | - | €6,315 | +€6,315 | |
| Trade debts | 44 | €737 | €444 | -€293 | -39.8% |
| Suppliers | 440/4 | €737 | €444 | -€293 | -39.8% |
| Taxes, remuneration and social security | 45 | €45,733 | €26,804 | -€18,929 | -41.4% |
| Taxes | 450/3 | €45,733 | €26,804 | -€18,929 | -41.4% |
| Other amounts payable | 47/48 | €11,256 | €60,085 | +€48,829 | +434% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,740 | €11,854 | +€4,113 | +53.1% |
| Other operating charges | 640/8 | €1,628 | €571 | -€1,057 | -64.9% |
| Gross operating margin | 9900 | €86,345 | €111,797 | +€25,453 | +29.5% |
| Operating profit (loss) | 9901 | €76,976 | €99,373 | +€22,397 | +29.1% |
| Financial income | 75/76B | €1,760 | €3,388 | +€1,628 | +92.5% |
| Recurring financial income | 75 | €1,760 | €3,388 | +€1,628 | +92.5% |
| Financial charges | 65/66B | €2,121 | €4,331 | +€2,210 | +104% |
| Recurring financial charges | 65 | €2,121 | €4,331 | +€2,210 | +104% |
| Profit (loss) for the period before taxes | 9903 | €76,615 | €98,430 | +€21,814 | +28.5% |
| Income taxes | 67/77 | €17,185 | €23,303 | +€6,118 | +35.6% |
| Profit (loss) for the period | 9904 | €59,430 | €75,127 | +€15,697 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,430 | €75,127 | +€15,697 | +26.4% |
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 14 October 2026 via checked.be.