Felix Geerebaert: 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.
Felix Geerebaert
Largest movements
- Cash +€30,977
up €30,977 (+202%), from €15,340 to €46,316
mainly Net result for the year (+€20,656) and Receivables within one year (+€8,320)
- Receivables within one year -€8,320
down €8,320 (-100%), from €8,320 to €0
of which Other amounts receivable: -€7,933
- Tangible fixed assets -€3,492
down €3,492 (-39.4%), from €8,860 to €5,368
- Profit (loss) carried forward +€20,656
up €20,656 (+114%), from €18,089 to €38,745
- Tax, wage and social debts -€3,897
down €3,897 (-41.6%), from €9,364 to €5,467
- Other debts +€2,401
new in 2025: €2,401
- Gross operating margin +€6,081
up €6,081 (+24.0%), from €25,355 to €31,437
- Depreciation +€1,875
up €1,875 (+116%), from €1,617 to €3,492
- Taxes +€1,549
up €1,549 (+31.1%), from €4,974 to €6,523
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 | €32,520 | €51,685 | +€19,165 | +58.9% |
| Fixed assets | 21/28 | €8,860 | €5,368 | -€3,492 | -39.4% |
| Tangible fixed assets | 22/27 | €8,860 | €5,368 | -€3,492 | -39.4% |
| Furniture and vehicles | 24 | €8,860 | €5,368 | -€3,492 | -39.4% |
| Current assets | 29/58 | €23,660 | €46,316 | +€22,657 | +95.8% |
| Amounts receivable within one year | 40/41 | €8,320 | €0 | -€8,320 | -100% |
| Trade receivables | 40 | €387 | €0 | -€387 | -100% |
| Other amounts receivable | 41 | €7,933 | €0 | -€7,933 | -100% |
| Cash at bank and in hand | 54/58 | €15,340 | €46,316 | +€30,977 | +202% |
| Total equity and liabilities | 10/49 | €32,520 | €51,685 | +€19,165 | +58.9% |
| Equity | 10/15 | €23,089 | €43,745 | +€20,656 | +89.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,089 | €38,745 | +€20,656 | +114% |
| Amounts payable | 17/49 | €9,432 | €7,940 | -€1,492 | -15.8% |
| Amounts payable within one year | 42/48 | €9,432 | €7,940 | -€1,492 | -15.8% |
| Trade debts | 44 | €67 | €72 | +€4 | +6.5% |
| Suppliers | 440/4 | €67 | €72 | +€4 | +6.5% |
| Taxes, remuneration and social security | 45 | €9,364 | €5,467 | -€3,897 | -41.6% |
| Taxes | 450/3 | €9,364 | €5,467 | -€3,897 | -41.6% |
| Other amounts payable | 47/48 | - | €2,401 | +€2,401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,617 | €3,492 | +€1,875 | +116% |
| Other operating charges | 640/8 | €839 | €702 | -€137 | -16.3% |
| Gross operating margin | 9900 | €25,355 | €31,437 | +€6,081 | +24.0% |
| Operating profit (loss) | 9901 | €22,900 | €27,243 | +€4,343 | +19.0% |
| Financial income | 75/76B | €181 | €2 | -€179 | -98.8% |
| Recurring financial income | 75 | €181 | €2 | -€179 | -98.8% |
| Financial charges | 65/66B | €18 | €66 | +€48 | +265% |
| Recurring financial charges | 65 | €18 | €66 | +€48 | +265% |
| Profit (loss) for the period before taxes | 9903 | €23,062 | €27,179 | +€4,117 | +17.8% |
| Income taxes | 67/77 | €4,974 | €6,523 | +€1,549 | +31.1% |
| Profit (loss) for the period | 9904 | €18,089 | €20,656 | +€2,568 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,089 | €20,656 | +€2,568 | +14.2% |
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 31 October 2026 via checked.be.