DR. L. DE GEYSELEER: 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.
DR. L. DE GEYSELEER
Largest movements
- Cash +€94,384
up €94,384 (+20.6%), from €458,691 to €553,076
mainly Net result for the year (+€116,953) and Current investments (+€25,000)
- Current investments -€25,000
down €25,000 (-100%), from €25,000 to €0
- Receivables within one year -€14,476
down €14,476 (-99.3%), from €14,578 to €102
of which Trade receivables: -€14,578
- Reserves +€77,585
up €77,585 (+15.5%), from €501,223 to €578,808
of which Distributable reserves: +€77,585
- Tax, wage and social debts -€34,589
down €34,589 (-66.9%), from €51,741 to €17,152
of which Taxes: -€34,259
- Gross operating margin +€17,302
up €17,302 (+9.1%), from €189,599 to €206,901
- Depreciation +€11,411
up €11,411 (+370%), from €3,083 to €14,494
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 | €581,066 | €623,917 | +€42,851 | +7.4% |
| Fixed assets | 21/28 | €62,870 | €56,782 | -€6,088 | -9.7% |
| Tangible fixed assets | 22/27 | €62,070 | €55,982 | -€6,088 | -9.8% |
| Plant, machinery and equipment | 23 | €5,222 | €6,291 | +€1,069 | +20.5% |
| Furniture and vehicles | 24 | €56,849 | €49,691 | -€7,157 | -12.6% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €518,196 | €567,135 | +€48,940 | +9.4% |
| Amounts receivable within one year | 40/41 | €14,578 | €102 | -€14,476 | -99.3% |
| Trade receivables | 40 | €14,578 | €0 | -€14,578 | -100% |
| Other amounts receivable | 41 | - | €102 | +€102 | |
| Current investments | 50/53 | €25,000 | €0 | -€25,000 | -100% |
| Cash at bank and in hand | 54/58 | €458,691 | €553,076 | +€94,384 | +20.6% |
| Deferred charges and accrued income | 490/1 | €19,927 | €13,958 | -€5,969 | -30.0% |
| Total equity and liabilities | 10/49 | €581,066 | €623,917 | +€42,851 | +7.4% |
| Equity | 10/15 | €521,398 | €598,982 | +€77,585 | +14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €501,223 | €578,808 | +€77,585 | +15.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €501,223 | €578,808 | +€77,585 | +15.5% |
| Profit (loss) carried forward | 14 | €1,574 | €1,574 | = | 0.0% |
| Amounts payable | 17/49 | €59,669 | €24,935 | -€34,733 | -58.2% |
| Amounts payable within one year | 42/48 | €59,669 | €24,935 | -€34,733 | -58.2% |
| Trade debts | 44 | €4,800 | €6,579 | +€1,780 | +37.1% |
| Suppliers | 440/4 | €4,800 | €6,579 | +€1,780 | +37.1% |
| Taxes, remuneration and social security | 45 | €51,741 | €17,152 | -€34,589 | -66.9% |
| Taxes | 450/3 | €48,010 | €13,752 | -€34,259 | -71.4% |
| Remuneration and social security | 454/9 | €3,731 | €3,400 | -€331 | -8.9% |
| Other amounts payable | 47/48 | €3,128 | €1,204 | -€1,924 | -61.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €28,551 | €26,899 | -€1,652 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,083 | €14,494 | +€11,411 | +370% |
| Other operating charges | 640/8 | €713 | €387 | -€326 | -45.7% |
| Gross operating margin | 9900 | €189,599 | €206,901 | +€17,302 | +9.1% |
| Operating profit (loss) | 9901 | €157,252 | €165,120 | +€7,868 | +5.0% |
| Financial income | 75/76B | €1,600 | €801 | -€799 | -49.9% |
| Recurring financial income | 75 | €1,600 | €801 | -€799 | -49.9% |
| Financial charges | 65/66B | €460 | €493 | +€33 | +7.2% |
| Recurring financial charges | 65 | €460 | €493 | +€33 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €158,392 | €165,428 | +€7,037 | +4.4% |
| Income taxes | 67/77 | €47,992 | €48,476 | +€483 | +1.0% |
| Profit (loss) for the period | 9904 | €110,399 | €116,953 | +€6,553 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €110,399 | €116,953 | +€6,553 | +5.9% |
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 26 October 2026 via checked.be.