DR GEERAERTS: what changed
DR GEERAERTS
Largest movements
- Cash +€67,217
up €67,217 (+676%), from €9,945 to €77,163
mainly Current investments (+€40,944) and Net result for the year (+€18,574)
- Current investments -€40,944
no longer reported in 2025 (was €40,944)
- Receivables within one year +€16,165
up €16,165 (+46.5%), from €34,758 to €50,923
of which Other amounts receivable: +€16,909
- Tangible fixed assets -€10,157
down €10,157 (-63.8%), from €15,919 to €5,761
of which Furniture and vehicles: -€7,682
- Reserves +€18,574
up €18,574 (+20.4%), from €90,964 to €109,538
- Tax, wage and social debts +€11,128
new in 2025: €11,128
- Financial income +€41,280
up €41,280 (+38,350%), from €108 to €41,388
- Gross operating margin -€27,421
down €27,421, from €25,235 to -€2,186
- Other operating charges -€10,019
down €10,019 (-93.3%), from €10,739 to €720
- Taxes +€9,024
up €9,024 (+427%), from €2,113 to €11,137
- Depreciation -€1,771
down €1,771 (-17.9%), from €9,881 to €8,110
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,530 | €134,479 | +€30,948 | +29.9% |
| Fixed assets | 21/28 | €16,169 | €6,011 | -€10,157 | -62.8% |
| Tangible fixed assets | 22/27 | €15,919 | €5,761 | -€10,157 | -63.8% |
| Plant, machinery and equipment | 23 | €2,476 | - | -€2,476 | |
| Furniture and vehicles | 24 | €13,443 | €5,761 | -€7,682 | -57.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €87,362 | €128,467 | +€41,106 | +47.1% |
| Amounts receivable within one year | 40/41 | €34,758 | €50,923 | +€16,165 | +46.5% |
| Trade receivables | 40 | €744 | - | -€744 | |
| Other amounts receivable | 41 | €34,014 | €50,923 | +€16,909 | +49.7% |
| Current investments | 50/53 | €40,944 | - | -€40,944 | |
| Cash at bank and in hand | 54/58 | €9,945 | €77,163 | +€67,217 | +676% |
| Deferred charges and accrued income | 490/1 | €1,714 | €381 | -€1,333 | -77.8% |
| Total equity and liabilities | 10/49 | €103,530 | €134,479 | +€30,948 | +29.9% |
| Equity | 10/15 | €103,364 | €121,938 | +€18,574 | +18.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €90,964 | €109,538 | +€18,574 | +20.4% |
| Distributable reserves | 133 | €90,964 | €109,538 | +€18,574 | +20.4% |
| Amounts payable | 17/49 | €166 | €12,541 | +€12,374 | +7,432% |
| Amounts payable within one year | 42/48 | €166 | €12,541 | +€12,374 | +7,432% |
| Trade debts | 44 | €166 | €1,413 | +€1,246 | +749% |
| Suppliers | 440/4 | €166 | €1,413 | +€1,246 | +749% |
| Taxes, remuneration and social security | 45 | - | €11,128 | +€11,128 | |
| Taxes | 450/3 | - | €11,128 | +€11,128 | |
| Non-recurring operating income | 76A | - | €8 | +€8 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,881 | €8,110 | -€1,771 | -17.9% |
| Other operating charges | 640/8 | €10,739 | €720 | -€10,019 | -93.3% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €25,235 | -€2,186 | -€27,421 | |
| Operating profit (loss) | 9901 | €4,616 | -€11,016 | -€15,631 | |
| Financial income | 75/76B | €108 | €41,388 | +€41,280 | +38,350% |
| Recurring financial income | 75 | €108 | €41,388 | +€41,280 | +38,350% |
| Financial charges | 65/66B | €689 | €661 | -€28 | -4.0% |
| Recurring financial charges | 65 | €689 | €661 | -€28 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €4,034 | €29,711 | +€25,677 | +637% |
| Income taxes | 67/77 | €2,113 | €11,137 | +€9,024 | +427% |
| Profit (loss) for the period | 9904 | €1,921 | €18,574 | +€16,653 | +867% |
| Profit (loss) for the period to be appropriated | 9905 | €1,921 | €18,574 | +€16,653 | +867% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.