De Geeter & Co: 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 & Co
Largest movements
- Cash -€4,612
down €4,612 (-17.5%), from €26,346 to €21,734
mainly Other debts (-€63,182) and Investment in fixed assets (net) (-€26,727)
- Deferred charges and accrued income +€3,011
up €3,011 (+105%), from €2,876 to €5,887
- Other debts -€63,182
down €63,182 (-38.0%), from €166,191 to €103,009
- Debts after one year +€51,136
new in 2025: €51,136
- Current portion of long-term debt +€12,412
new in 2025: €12,412
- Reserves -€3,730
down €3,730 (-6.4%), from €58,227 to €54,497
of which Distributable reserves: -€2,786
- Gross operating margin +€7,849
up €7,849 (+19.8%), from €39,611 to €47,460
- Other operating charges +€3,447
up €3,447 (+52.7%), from €6,544 to €9,991
- Financial charges +€1,300
up €1,300 (+472%), from €276 to €1,576
- Depreciation +€870
up €870 (+3.2%), from €27,066 to €27,936
- Taxes +€815
up €815 (+29.8%), from €2,737 to €3,552
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 | €293,747 | €288,673 | -€5,074 | -1.7% |
| Fixed assets | 21/28 | €258,390 | €257,181 | -€1,210 | -0.5% |
| Tangible fixed assets | 22/27 | €258,390 | €257,181 | -€1,210 | -0.5% |
| Land and buildings | 22 | €247,677 | €246,893 | -€783 | -0.3% |
| Plant, machinery and equipment | 23 | €838 | €3,703 | +€2,866 | +342% |
| Furniture and vehicles | 24 | €9,876 | €6,584 | -€3,292 | -33.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €35,357 | €31,493 | -€3,865 | -10.9% |
| Amounts receivable within one year | 40/41 | €6,135 | €3,872 | -€2,263 | -36.9% |
| Trade receivables | 40 | €5,872 | €3,872 | -€2,000 | -34.1% |
| Other amounts receivable | 41 | €263 | €0 | -€263 | -100% |
| Cash at bank and in hand | 54/58 | €26,346 | €21,734 | -€4,612 | -17.5% |
| Deferred charges and accrued income | 490/1 | €2,876 | €5,887 | +€3,011 | +105% |
| Total equity and liabilities | 10/49 | €293,747 | €288,673 | -€5,074 | -1.7% |
| Equity | 10/15 | €120,227 | €116,497 | -€3,730 | -3.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €58,227 | €54,497 | -€3,730 | -6.4% |
| Non-distributable reserves | 130/1 | €11,353 | €11,353 | = | 0.0% |
| Legal reserve | 130 | €11,353 | €11,353 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,245 | €1,301 | -€944 | -42.1% |
| Distributable reserves | 133 | €44,629 | €41,843 | -€2,786 | -6.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €598 | €133 | -€465 | -77.8% |
| Deferred taxes | 168 | €598 | €133 | -€465 | -77.8% |
| Amounts payable | 17/49 | €172,923 | €172,044 | -€879 | -0.5% |
| Amounts payable after more than one year | 17 | - | €51,136 | +€51,136 | |
| Financial debts | 170/4 | - | €51,136 | +€51,136 | |
| Amounts payable within one year | 42/48 | €172,923 | €120,908 | -€52,015 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | - | €12,412 | +€12,412 | |
| Trade debts | 44 | €2,645 | €3,828 | +€1,183 | +44.7% |
| Suppliers | 440/4 | €2,645 | €3,828 | +€1,183 | +44.7% |
| Taxes, remuneration and social security | 45 | €4,087 | €1,659 | -€2,428 | -59.4% |
| Taxes | 450/3 | €4,087 | €1,659 | -€2,428 | -59.4% |
| Other amounts payable | 47/48 | €166,191 | €103,009 | -€63,182 | -38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,066 | €27,936 | +€870 | +3.2% |
| Other operating charges | 640/8 | €6,544 | €9,991 | +€3,447 | +52.7% |
| Gross operating margin | 9900 | €39,611 | €47,460 | +€7,849 | +19.8% |
| Operating profit (loss) | 9901 | €6,001 | €9,533 | +€3,532 | +58.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €276 | €1,576 | +€1,300 | +472% |
| Recurring financial charges | 65 | €276 | €1,576 | +€1,300 | +472% |
| Profit (loss) for the period before taxes | 9903 | €5,725 | €7,957 | +€2,232 | +39.0% |
| Transfer from deferred taxes | 780 | €465 | €465 | = | 0.0% |
| Income taxes | 67/77 | €2,737 | €3,552 | +€815 | +29.8% |
| Profit (loss) for the period | 9904 | €3,453 | €4,870 | +€1,417 | +41.0% |
| Transfer from tax-exempt reserves | 789 | €944 | €944 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,397 | €5,814 | +€1,417 | +32.2% |
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 17 October 2026 via checked.be.