FILIP GEERTS: what changed
FILIP GEERTS
Largest movements
- Cash +€11,053
up €11,053 (+31.3%), from €35,299 to €46,352
mainly Net result for the year (+€6,751) and Depreciation (+€5,748)
- Deferred charges and accrued income +€1,956
up €1,956 (+40.0%), from €4,895 to €6,851
- Tangible fixed assets -€1,002
down €1,002 (-4.0%), from €25,338 to €24,336
of which Land and buildings: -€4,351
- Reserves +€6,751
up €6,751 (+96.8%), from €6,974 to €13,725
of which Distributable reserves: +€6,751
- Debts after one year -€5,580
down €5,580 (-46.8%), from €11,935 to €6,355
- Other debts +€4,617
new in 2025: €4,617
- Trade debts +€3,352
up €3,352 (+745%), from €450 to €3,803
- Tax, wage and social debts +€2,846
up €2,846 (+43.9%), from €6,480 to €9,326
- Gross operating margin +€12,370
up €12,370 (+158%), from €7,805 to €20,174
- Taxes +€2,723
up €2,723 (+236%), from €1,154 to €3,876
- Financial charges +€1,150
up €1,150 (+80.5%), from €1,428 to €2,578
- Depreciation +€513
up €513 (+9.8%), from €5,234 to €5,748
- Financial income -€283
down €283 (-54.7%), from €518 to €235
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 | €86,308 | €98,556 | +€12,248 | +14.2% |
| Fixed assets | 21/28 | €25,338 | €24,336 | -€1,002 | -4.0% |
| Tangible fixed assets | 22/27 | €25,338 | €24,336 | -€1,002 | -4.0% |
| Land and buildings | 22 | €22,303 | €17,952 | -€4,351 | -19.5% |
| Plant, machinery and equipment | 23 | €2,753 | €3,631 | +€879 | +31.9% |
| Furniture and vehicles | 24 | €282 | €2,752 | +€2,470 | +876% |
| Current assets | 29/58 | €60,970 | €74,220 | +€13,250 | +21.7% |
| Amounts receivable within one year | 40/41 | €20,777 | €21,017 | +€240 | +1.2% |
| Trade receivables | 40 | €16,475 | €19,287 | +€2,812 | +17.1% |
| Other amounts receivable | 41 | €4,302 | €1,730 | -€2,572 | -59.8% |
| Cash at bank and in hand | 54/58 | €35,299 | €46,352 | +€11,053 | +31.3% |
| Deferred charges and accrued income | 490/1 | €4,895 | €6,851 | +€1,956 | +40.0% |
| Total equity and liabilities | 10/49 | €86,308 | €98,556 | +€12,248 | +14.2% |
| Equity | 10/15 | €62,125 | €68,877 | +€6,751 | +10.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,974 | €13,725 | +€6,751 | +96.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,114 | €11,865 | +€6,751 | +132% |
| Profit (loss) carried forward | 14 | €48,951 | €48,951 | = | 0.0% |
| Amounts payable | 17/49 | €24,183 | €29,680 | +€5,497 | +22.7% |
| Amounts payable after more than one year | 17 | €11,935 | €6,355 | -€5,580 | -46.8% |
| Financial debts | 170/4 | €11,935 | €6,355 | -€5,580 | -46.8% |
| Amounts payable within one year | 42/48 | €12,248 | €23,325 | +€11,076 | +90.4% |
| Current portion of amounts payable after more than one year | 42 | €5,318 | €5,580 | +€262 | +4.9% |
| Trade debts | 44 | €450 | €3,803 | +€3,352 | +745% |
| Suppliers | 440/4 | €450 | €3,803 | +€3,352 | +745% |
| Taxes, remuneration and social security | 45 | €6,480 | €9,326 | +€2,846 | +43.9% |
| Taxes | 450/3 | €6,480 | €9,326 | +€2,846 | +43.9% |
| Other amounts payable | 47/48 | - | €4,617 | +€4,617 | |
| Remuneration, social security and pensions | 62 | €24 | - | -€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,234 | €5,748 | +€513 | +9.8% |
| Other operating charges | 640/8 | €1,547 | €1,456 | -€92 | -5.9% |
| Gross operating margin | 9900 | €7,805 | €20,174 | +€12,370 | +158% |
| Operating profit (loss) | 9901 | €999 | €12,971 | +€11,972 | +1,198% |
| Financial income | 75/76B | €518 | €235 | -€283 | -54.7% |
| Recurring financial income | 75 | €518 | €235 | -€283 | -54.7% |
| Financial charges | 65/66B | €1,428 | €2,578 | +€1,150 | +80.5% |
| Recurring financial charges | 65 | €1,428 | €2,578 | +€1,150 | +80.5% |
| Profit (loss) for the period before taxes | 9903 | €89 | €10,628 | +€10,539 | +11,839% |
| Income taxes | 67/77 | €1,154 | €3,876 | +€2,723 | +236% |
| Profit (loss) for the period | 9904 | -€1,065 | €6,751 | +€7,816 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,065 | €6,751 | +€7,816 |
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 1 November 2026 via checked.be.