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
- Tangible fixed assets -€86,310
down €86,310 (-4.4%), from €2.0m to €1.9m
of which Land and buildings: -€86,037
- Receivables within one year -€41,558
down €41,558 (-41.0%), from €101,281 to €59,724
of which Trade receivables: -€38,919
- Debts after one year -€65,289
down €65,289 (-9.9%), from €659,575 to €594,286
- Profit (loss) carried forward -€24,146
down €24,146 (-32.1%), from -€75,118 to -€99,264
- Gross operating margin +€5,058
up €5,058 (+5.0%), from €101,470 to €106,528
- Other operating charges -€3,082
down €3,082 (-40.9%), from €7,530 to €4,449
- Depreciation +€3,047
up €3,047 (+3.2%), from €93,990 to €97,037
- Financial charges -€3,025
down €3,025 (-10.0%), from €30,343 to €27,318
- Staff costs +€1,269
up €1,269 (+272%), from €467 to €1,735
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 | €2,152,259 | €2,022,037 | -€130,222 | -6.1% |
| Fixed assets | 21/28 | €1,982,774 | €1,896,463 | -€86,310 | -4.4% |
| Tangible fixed assets | 22/27 | €1,982,399 | €1,896,089 | -€86,310 | -4.4% |
| Land and buildings | 22 | €1,959,255 | €1,873,219 | -€86,037 | -4.4% |
| Plant, machinery and equipment | 23 | €1,662 | €931 | -€731 | -44.0% |
| Furniture and vehicles | 24 | €21,482 | €13,014 | -€8,468 | -39.4% |
| Leasing and similar rights | 25 | - | €8,926 | +€8,926 | |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €169,485 | €125,573 | -€43,912 | -25.9% |
| Amounts receivable within one year | 40/41 | €101,281 | €59,724 | -€41,558 | -41.0% |
| Trade receivables | 40 | €97,391 | €58,472 | -€38,919 | -40.0% |
| Other amounts receivable | 41 | €3,891 | €1,252 | -€2,639 | -67.8% |
| Cash at bank and in hand | 54/58 | €57,703 | €59,752 | +€2,049 | +3.6% |
| Deferred charges and accrued income | 490/1 | €10,501 | €6,097 | -€4,404 | -41.9% |
| Total equity and liabilities | 10/49 | €2,152,259 | €2,022,037 | -€130,222 | -6.1% |
| Equity | 10/15 | €627,882 | €603,736 | -€24,146 | -3.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €683,000 | €683,000 | = | 0.0% |
| Distributable reserves | 133 | €683,000 | €683,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,118 | -€99,264 | -€24,146 | -32.1% |
| Amounts payable | 17/49 | €1,524,377 | €1,418,300 | -€106,076 | -7.0% |
| Amounts payable after more than one year | 17 | €659,575 | €594,286 | -€65,289 | -9.9% |
| Financial debts | 170/4 | €659,575 | €594,286 | -€65,289 | -9.9% |
| Amounts payable within one year | 42/48 | €864,802 | €824,015 | -€40,787 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €76,360 | €72,937 | -€3,423 | -4.5% |
| Trade debts | 44 | €11,813 | €7,164 | -€4,649 | -39.4% |
| Suppliers | 440/4 | €11,813 | €7,164 | -€4,649 | -39.4% |
| Taxes, remuneration and social security | 45 | €32,238 | €20,341 | -€11,897 | -36.9% |
| Taxes | 450/3 | €20,719 | €18,763 | -€1,956 | -9.4% |
| Remuneration and social security | 454/9 | €11,519 | €1,578 | -€9,941 | -86.3% |
| Other amounts payable | 47/48 | €744,391 | €723,573 | -€20,818 | -2.8% |
| Remuneration, social security and pensions | 62 | €467 | €1,735 | +€1,269 | +272% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,990 | €97,037 | +€3,047 | +3.2% |
| Other operating charges | 640/8 | €7,530 | €4,449 | -€3,082 | -40.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €101,470 | €106,528 | +€5,058 | +5.0% |
| Operating profit (loss) | 9901 | -€517 | €3,307 | +€3,824 | |
| Financial income | 75/76B | €10 | €6 | -€3 | -34.8% |
| Recurring financial income | 75 | €10 | €6 | -€3 | -34.8% |
| Financial charges | 65/66B | €30,343 | €27,318 | -€3,025 | -10.0% |
| Recurring financial charges | 65 | €30,343 | €27,318 | -€3,025 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€30,851 | -€24,005 | +€6,846 | +22.2% |
| Income taxes | 67/77 | €106 | €141 | +€36 | +33.8% |
| Profit (loss) for the period | 9904 | -€30,956 | -€24,146 | +€6,810 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,956 | -€24,146 | +€6,810 | +22.0% |
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.