DE GEYTER: 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 GEYTER
Largest movements
- Receivables within one year -€370,549
down €370,549 (-47.2%), from €784,434 to €413,885
of which Trade receivables: -€194,043
- Stocks and contracts +€149,039
up €149,039 (+16.7%), from €892,726 to €1.0m
- Cash -€40,197
down €40,197 (-21.0%), from €191,346 to €151,150
mainly Other debts (-€215,888) and Stocks and contracts (-€149,039)
- Other debts -€215,888
down €215,888 (-66.1%), from €326,446 to €110,558
- Reserves +€71,051
up €71,051 (+7.5%), from €946,810 to €1.0m
of which Distributable reserves: +€71,051
- Tax, wage and social debts -€68,864
down €68,864 (-63.1%), from €109,165 to €40,302
of which Taxes: -€66,769
- Trade debts -€56,800
down €56,800 (-29.0%), from €195,992 to €139,193
- Staff costs -€70,596
down €70,596 (-59.5%), from €118,679 to €48,083
- Write-downs +€31,824
up €31,824 (+1,635%), from €1,947 to €33,770
- Other operating charges +€31,551
up €31,551 (+60.4%), from €52,221 to €83,771
- Financial charges +€21,864
up €21,864 (+121%), from €18,103 to €39,967
- Gross operating margin -€11,941
down €11,941 (-3.8%), from €318,083 to €306,142
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 | €1,941,788 | €1,670,999 | -€270,788 | -13.9% |
| Fixed assets | 21/28 | €22,873 | €13,451 | -€9,422 | -41.2% |
| Intangible fixed assets | 21 | €6,398 | €4,543 | -€1,855 | -29.0% |
| Tangible fixed assets | 22/27 | €11,002 | €3,435 | -€7,567 | -68.8% |
| Land and buildings | 22 | €3,687 | €2,575 | -€1,112 | -30.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €7,315 | €860 | -€6,455 | -88.2% |
| Financial fixed assets | 28 | €5,473 | €5,473 | = | 0.0% |
| Current assets | 29/58 | €1,918,915 | €1,657,548 | -€261,367 | -13.6% |
| Stocks and contracts in progress | 3 | €892,726 | €1,041,765 | +€149,039 | +16.7% |
| Stocks | 30/36 | €892,726 | €1,041,765 | +€149,039 | +16.7% |
| Amounts receivable within one year | 40/41 | €784,434 | €413,885 | -€370,549 | -47.2% |
| Trade receivables | 40 | €542,287 | €348,244 | -€194,043 | -35.8% |
| Other amounts receivable | 41 | €242,147 | €65,642 | -€176,505 | -72.9% |
| Current investments | 50/53 | €50,409 | €50,748 | +€340 | +0.7% |
| Cash at bank and in hand | 54/58 | €191,346 | €151,150 | -€40,197 | -21.0% |
| Total equity and liabilities | 10/49 | €1,941,788 | €1,670,999 | -€270,788 | -13.9% |
| Equity | 10/15 | €1,008,783 | €1,079,834 | +€71,051 | +7.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €946,810 | €1,017,861 | +€71,051 | +7.5% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €940,613 | €1,011,663 | +€71,051 | +7.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €933,004 | €591,165 | -€341,839 | -36.6% |
| Amounts payable within one year | 42/48 | €931,604 | €590,053 | -€341,551 | -36.7% |
| Financial debts | 43 | €300,000 | €300,000 | = | 0.0% |
| Credit institutions | 430/8 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €195,992 | €139,193 | -€56,800 | -29.0% |
| Suppliers | 440/4 | €195,992 | €139,193 | -€56,800 | -29.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €109,165 | €40,302 | -€68,864 | -63.1% |
| Taxes | 450/3 | €92,971 | €26,202 | -€66,769 | -71.8% |
| Remuneration and social security | 454/9 | €16,194 | €14,100 | -€2,095 | -12.9% |
| Other amounts payable | 47/48 | €326,446 | €110,558 | -€215,888 | -66.1% |
| Accrued charges and deferred income | 492/3 | €1,400 | €1,113 | -€288 | -20.5% |
| Remuneration, social security and pensions | 62 | €118,679 | €48,083 | -€70,596 | -59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,358 | €9,422 | -€9,936 | -51.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,947 | €33,770 | +€31,824 | +1,635% |
| Other operating charges | 640/8 | €52,221 | €83,771 | +€31,551 | +60.4% |
| Gross operating margin | 9900 | €318,083 | €306,142 | -€11,941 | -3.8% |
| Operating profit (loss) | 9901 | €125,879 | €131,096 | +€5,217 | +4.1% |
| Financial income | 75/76B | €480 | €4,267 | +€3,787 | +790% |
| Recurring financial income | 75 | €480 | €4,267 | +€3,787 | +790% |
| Financial charges | 65/66B | €18,103 | €39,967 | +€21,864 | +121% |
| Recurring financial charges | 65 | €18,103 | €39,967 | +€21,864 | +121% |
| Profit (loss) for the period before taxes | 9903 | €108,256 | €95,396 | -€12,860 | -11.9% |
| Income taxes | 67/77 | €29,371 | €24,345 | -€5,026 | -17.1% |
| Profit (loss) for the period | 9904 | €78,885 | €71,051 | -€7,834 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €78,885 | €71,051 | -€7,834 | -9.9% |
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.