DE GEUS: 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 GEUS
Largest movements
- Tangible fixed assets +€21,348
up €21,348 (+2148.0%), from €994 to €22,342
of which Plant, machinery and equipment: +€13,508
- Cash -€8,493
down €8,493 (-57.6%), from €14,746 to €6,253
mainly Investment in fixed assets (net) (-€23,538) and Net result for the year (-€13,981)
- Receivables within one year -€4,852
down €4,852 (-91.6%), from €5,297 to €445
of which Trade receivables: -€5,021
- Deferred charges and accrued income +€1,466
up €1,466 (+101.7%), from €1,441 to €2,906
- Stocks and contracts -€939
down €939 (-11.3%), from €8,303 to €7,365
- Trade debts +€28,023
up €28,023 (+32.4%), from €86,559 to €114,582
- Profit (loss) carried forward -€13,981
down €13,981 (-8.7%), from -€160,604 to -€174,585
- Tax, wage and social debts -€3,942
down €3,942 (-18.6%), from €21,137 to €17,195
of which Taxes: -€4,282
- Other debts -€2,730
down €2,730 (-3.7%), from €73,569 to €70,839
- Accrued charges and deferred income +€1,159
up €1,159 (+29.6%), from €3,919 to €5,078
- Gross operating margin -€56,132
down €56,132 (-33.5%), from €167,442 to €111,310
- Staff costs -€34,176
down €34,176 (-22.1%), from €154,741 to €120,565
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.
Cash bridge derived
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 | €30,780 | €39,310 | +€8,529 | +27.7% |
| Fixed assets | 21/28 | €994 | €22,342 | +€21,348 | +2148.0% |
| Tangible fixed assets | 22/27 | €994 | €22,342 | +€21,348 | +2148.0% |
| Plant, machinery and equipment | 23 | €994 | €14,502 | +€13,508 | +1359.2% |
| Furniture and vehicles | 24 | - | €7,840 | +€7,840 | |
| Current assets | 29/58 | €29,786 | €16,968 | -€12,819 | -43.0% |
| Stocks and contracts in progress | 3 | €8,303 | €7,365 | -€939 | -11.3% |
| Stocks | 30/36 | €8,303 | €7,365 | -€939 | -11.3% |
| Amounts receivable within one year | 40/41 | €5,297 | €445 | -€4,852 | -91.6% |
| Trade receivables | 40 | €5,021 | €0 | -€5,021 | -100.0% |
| Other amounts receivable | 41 | €276 | €445 | +€169 | +61.1% |
| Cash at bank and in hand | 54/58 | €14,746 | €6,253 | -€8,493 | -57.6% |
| Deferred charges and accrued income | 490/1 | €1,441 | €2,906 | +€1,466 | +101.7% |
| Total equity and liabilities | 10/49 | €30,780 | €39,310 | +€8,529 | +27.7% |
| Equity | 10/15 | -€154,404 | -€168,385 | -€13,981 | -9.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€160,604 | -€174,585 | -€13,981 | -8.7% |
| Amounts payable | 17/49 | €185,184 | €207,695 | +€22,510 | +12.2% |
| Amounts payable within one year | 42/48 | €181,265 | €202,616 | +€21,351 | +11.8% |
| Trade debts | 44 | €86,559 | €114,582 | +€28,023 | +32.4% |
| Suppliers | 440/4 | €86,559 | €114,582 | +€28,023 | +32.4% |
| Taxes, remuneration and social security | 45 | €21,137 | €17,195 | -€3,942 | -18.6% |
| Taxes | 450/3 | €9,247 | €4,966 | -€4,282 | -46.3% |
| Remuneration and social security | 454/9 | €11,889 | €12,229 | +€340 | +2.9% |
| Other amounts payable | 47/48 | €73,569 | €70,839 | -€2,730 | -3.7% |
| Accrued charges and deferred income | 492/3 | €3,919 | €5,078 | +€1,159 | +29.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €154,741 | €120,565 | -€34,176 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,007 | €2,190 | +€1,183 | +117.5% |
| Other operating charges | 640/8 | €2,026 | €2,917 | +€891 | +44.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €167,442 | €111,310 | -€56,132 | -33.5% |
| Operating profit (loss) | 9901 | €9,667 | -€14,362 | -€24,029 | |
| Financial income | 75/76B | €3,289 | €2,332 | -€957 | -29.1% |
| Recurring financial income | 75 | €3,289 | €2,332 | -€957 | -29.1% |
| Financial charges | 65/66B | €928 | €1,951 | +€1,023 | +110.2% |
| Recurring financial charges | 65 | €928 | €1,951 | +€1,023 | +110.2% |
| Profit (loss) for the period before taxes | 9903 | €12,028 | -€13,981 | -€26,009 | |
| Profit (loss) for the period | 9904 | €12,028 | -€13,981 | -€26,009 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,028 | -€13,981 | -€26,009 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.