Ets Geurts: 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.
Ets Geurts
Largest movements
- Receivables within one year -€43,750
down €43,750 (-39.0%), from €112,275 to €68,525
of which Trade receivables: -€57,983
- Profit (loss) carried forward -€47,374
down €47,374 (-53.2%), from €88,980 to €41,606
- Trade debts +€3,429
up €3,429 (+15.0%), from €22,880 to €26,309
- Other debts -€1,523
no longer reported in 2024 (was €1,523)
- Purchases and services -€212,668
no longer reported in 2024 (was €212,668)
- Turnover -€210,382
no longer reported in 2024 (was €210,382)
- Taxes +€48,045
up €48,045, from -€35,674 to €12,371
- Gross operating margin -€13,996
down €13,996 (-612%), from -€2,286 to -€16,282
- Staff costs -€13,022
down €13,022 (-42.3%), from €30,802 to €17,780
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,443 | €76,947 | -€44,495 | -36.6% |
| Fixed assets | 21/28 | €9,168 | €8,422 | -€746 | -8.1% |
| Tangible fixed assets | 22/27 | €1,118 | €372 | -€746 | -66.7% |
| Furniture and vehicles | 24 | €1,118 | €372 | -€746 | -66.7% |
| Financial fixed assets | 28 | €8,050 | €8,050 | = | 0.0% |
| Current assets | 29/58 | €112,275 | €68,525 | -€43,750 | -39.0% |
| Amounts receivable within one year | 40/41 | €112,275 | €68,525 | -€43,750 | -39.0% |
| Trade receivables | 40 | €69,777 | €11,794 | -€57,983 | -83.1% |
| Other amounts receivable | 41 | €42,497 | €56,731 | +€14,233 | +33.5% |
| Total equity and liabilities | 10/49 | €121,443 | €76,947 | -€44,495 | -36.6% |
| Equity | 10/15 | €97,040 | €49,666 | -€47,374 | -48.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,980 | €41,606 | -€47,374 | -53.2% |
| Amounts payable | 17/49 | €24,403 | €27,281 | +€2,878 | +11.8% |
| Amounts payable within one year | 42/48 | €24,403 | €27,281 | +€2,878 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | - | €972 | +€972 | |
| Trade debts | 44 | €22,880 | €26,309 | +€3,429 | +15.0% |
| Suppliers | 440/4 | €22,880 | €26,309 | +€3,429 | +15.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,523 | - | -€1,523 | |
| Turnover | 70 | €210,382 | - | -€210,382 | |
| Goods, raw materials, services and sundry goods | 60/61 | €212,668 | - | -€212,668 | |
| Remuneration, social security and pensions | 62 | €30,802 | €17,780 | -€13,022 | -42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €559 | €559 | -€0 | 0.0% |
| Other operating charges | 640/8 | €7 | - | -€7 | |
| Gross operating margin | 9900 | -€2,286 | -€16,282 | -€13,996 | -612% |
| Operating profit (loss) | 9901 | -€33,654 | -€34,621 | -€967 | -2.9% |
| Financial charges | 65/66B | €622 | €195 | -€427 | -68.6% |
| Recurring financial charges | 65 | €622 | €195 | -€427 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | -€34,276 | -€34,816 | -€540 | -1.6% |
| Income taxes | 67/77 | -€35,674 | €12,371 | +€48,045 | |
| Profit (loss) for the period | 9904 | €1,398 | -€47,187 | -€48,585 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,398 | -€47,187 | -€48,585 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.