GEELEN: 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.
GEELEN
Largest movements
- Cash -€76,104
down €76,104 (-41.3%), from €184,180 to €108,076
mainly Investment in fixed assets (net) (-€333,280) and Trade debts (-€175,313)
- Deferred charges and accrued income +€44,945
up €44,945 (+362%), from €12,409 to €57,354
- Tangible fixed assets +€37,742
up €37,742 (+2.8%), from €1.3m to €1.4m
of which Furniture and vehicles: +€34,027
- Trade debts -€175,313
down €175,313 (-83.3%), from €210,410 to €35,097
- Debts after one year +€100,195
up €100,195 (+17.7%), from €565,166 to €665,361
of which Financial debts: +€108,465
- Current portion of long-term debt +€63,055
up €63,055 (+29.6%), from €212,864 to €275,919
- Reserves +€55,046
up €55,046 (+9.0%), from €614,920 to €669,966
of which Distributable reserves: +€55,046
- Tax, wage and social debts -€29,168
down €29,168 (-35.9%), from €81,298 to €52,130
of which Taxes: -€28,392
- Staff costs +€129,139
up €129,139 (+81.0%), from €159,429 to €288,569
- Gross operating margin +€94,404
up €94,404 (+16.0%), from €591,031 to €685,435
- Depreciation +€46,143
up €46,143 (+18.5%), from €249,260 to €295,403
- Taxes -€19,608
down €19,608 (-61.6%), from €31,855 to €12,247
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 | €1,817,058 | €1,831,246 | +€14,189 | +0.8% |
| Fixed assets | 21/28 | €1,341,255 | €1,379,131 | +€37,877 | +2.8% |
| Tangible fixed assets | 22/27 | €1,340,565 | €1,378,306 | +€37,742 | +2.8% |
| Land and buildings | 22 | €13,918 | €24,139 | +€10,221 | +73.4% |
| Plant, machinery and equipment | 23 | €163,783 | €158,921 | -€4,862 | -3.0% |
| Furniture and vehicles | 24 | €1,160,814 | €1,194,841 | +€34,027 | +2.9% |
| Leasing and similar rights | 25 | €2,050 | €406 | -€1,645 | -80.2% |
| Financial fixed assets | 28 | €690 | €825 | +€135 | +19.6% |
| Current assets | 29/58 | €475,803 | €452,115 | -€23,688 | -5.0% |
| Stocks and contracts in progress | 3 | €2,668 | €1,541 | -€1,127 | -42.3% |
| Stocks | 30/36 | €2,668 | €1,541 | -€1,127 | -42.3% |
| Amounts receivable within one year | 40/41 | €276,546 | €285,145 | +€8,599 | +3.1% |
| Trade receivables | 40 | €273,010 | €275,461 | +€2,450 | +0.9% |
| Other amounts receivable | 41 | €3,536 | €9,684 | +€6,148 | +174% |
| Cash at bank and in hand | 54/58 | €184,180 | €108,076 | -€76,104 | -41.3% |
| Deferred charges and accrued income | 490/1 | €12,409 | €57,354 | +€44,945 | +362% |
| Total equity and liabilities | 10/49 | €1,817,058 | €1,831,246 | +€14,189 | +0.8% |
| Equity | 10/15 | €747,320 | €802,366 | +€55,046 | +7.4% |
| Contributions | 10/11 | €132,400 | €132,400 | = | 0.0% |
| Reserves | 13 | €614,920 | €669,966 | +€55,046 | +9.0% |
| Non-distributable reserves | 130/1 | €3,593 | €3,593 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,593 | €3,593 | = | 0.0% |
| Distributable reserves | 133 | €611,327 | €666,373 | +€55,046 | +9.0% |
| Amounts payable | 17/49 | €1,069,738 | €1,028,880 | -€40,858 | -3.8% |
| Amounts payable after more than one year | 17 | €565,166 | €665,361 | +€100,195 | +17.7% |
| Financial debts | 170/4 | €555,082 | €663,547 | +€108,465 | +19.5% |
| Other amounts payable | 178/9 | €10,083 | €1,814 | -€8,270 | -82.0% |
| Amounts payable within one year | 42/48 | €504,572 | €363,146 | -€141,426 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €212,864 | €275,919 | +€63,055 | +29.6% |
| Trade debts | 44 | €210,410 | €35,097 | -€175,313 | -83.3% |
| Suppliers | 440/4 | €210,410 | €35,097 | -€175,313 | -83.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €81,298 | €52,130 | -€29,168 | -35.9% |
| Taxes | 450/3 | €72,745 | €44,353 | -€28,392 | -39.0% |
| Remuneration and social security | 454/9 | €8,554 | €7,777 | -€776 | -9.1% |
| Accrued charges and deferred income | 492/3 | €0 | €374 | +€374 | |
| Non-recurring operating income | 76A | €64,800 | €4,604 | -€60,196 | -92.9% |
| Remuneration, social security and pensions | 62 | €159,429 | €288,569 | +€129,139 | +81.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249,260 | €295,403 | +€46,143 | +18.5% |
| Other operating charges | 640/8 | €14,452 | €13,021 | -€1,431 | -9.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €591,031 | €685,435 | +€94,404 | +16.0% |
| Operating profit (loss) | 9901 | €167,889 | €88,442 | -€79,447 | -47.3% |
| Financial income | 75/76B | €8,510 | €11,561 | +€3,052 | +35.9% |
| Recurring financial income | 75 | €8,510 | €11,561 | +€3,052 | +35.9% |
| Financial charges | 65/66B | €28,425 | €32,709 | +€4,285 | +15.1% |
| Recurring financial charges | 65 | €28,425 | €32,709 | +€4,285 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €147,974 | €67,293 | -€80,680 | -54.5% |
| Income taxes | 67/77 | €31,855 | €12,247 | -€19,608 | -61.6% |
| Profit (loss) for the period | 9904 | €116,119 | €55,046 | -€61,072 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €116,119 | €55,046 | -€61,072 | -52.6% |
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 16 October 2026 via checked.be.