Geelen Engineering Projects & Consultancy: 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 Engineering Projects & Consultancy
Largest movements
- Receivables within one year -€274,410
down €274,410 (-90.9%), from €301,950 to €27,540
of which Other amounts receivable: -€280,550
- Receivables after one year +€235,000
new in 2025: €235,000
- Cash +€105,231
up €105,231 (+157%), from €67,220 to €172,451
mainly Receivables within one year (+€274,410) and Net result for the year (+€70,945)
- Deferred charges and accrued income +€18,002
up €18,002 (+945%), from €1,904 to €19,906
- Tangible fixed assets -€6,870
down €6,870 (-42.7%), from €16,075 to €9,205
of which Furniture and vehicles: -€6,539
- Reserves +€70,945
up €70,945 (+19.7%), from €360,464 to €431,409
of which Distributable reserves: +€70,945
- Tax, wage and social debts +€6,973
up €6,973 (+60.2%), from €11,578 to €18,551
- Financial income +€15,041
up €15,041 (+797%), from €1,887 to €16,928
- Gross operating margin -€4,871
down €4,871 (-4.6%), from €105,705 to €100,834
- Depreciation +€4,331
up €4,331 (+119%), from €3,652 to €7,983
- Taxes +€2,281
up €2,281 (+6.7%), from €33,903 to €36,184
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 | €387,149 | €464,102 | +€76,953 | +19.9% |
| Fixed assets | 21/28 | €16,075 | €9,205 | -€6,870 | -42.7% |
| Tangible fixed assets | 22/27 | €16,075 | €9,205 | -€6,870 | -42.7% |
| Plant, machinery and equipment | 23 | €2,360 | €2,030 | -€331 | -14.0% |
| Furniture and vehicles | 24 | €13,715 | €7,175 | -€6,539 | -47.7% |
| Current assets | 29/58 | €371,073 | €454,897 | +€83,823 | +22.6% |
| Amounts receivable after more than one year | 29 | - | €235,000 | +€235,000 | |
| Other amounts receivable | 291 | - | €235,000 | +€235,000 | |
| Amounts receivable within one year | 40/41 | €301,950 | €27,540 | -€274,410 | -90.9% |
| Trade receivables | 40 | €11,312 | €17,452 | +€6,140 | +54.3% |
| Other amounts receivable | 41 | €290,638 | €10,088 | -€280,550 | -96.5% |
| Cash at bank and in hand | 54/58 | €67,220 | €172,451 | +€105,231 | +157% |
| Deferred charges and accrued income | 490/1 | €1,904 | €19,906 | +€18,002 | +945% |
| Total equity and liabilities | 10/49 | €387,149 | €464,102 | +€76,953 | +19.9% |
| Equity | 10/15 | €372,864 | €443,809 | +€70,945 | +19.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €360,464 | €431,409 | +€70,945 | +19.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €360,464 | €431,409 | +€70,945 | +19.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,285 | €20,293 | +€6,008 | +42.1% |
| Amounts payable within one year | 42/48 | €12,799 | €20,293 | +€7,494 | +58.6% |
| Trade debts | 44 | €1,221 | €1,742 | +€521 | +42.7% |
| Suppliers | 440/4 | €1,221 | €1,742 | +€521 | +42.7% |
| Taxes, remuneration and social security | 45 | €11,578 | €18,551 | +€6,973 | +60.2% |
| Taxes | 450/3 | €11,578 | €18,551 | +€6,973 | +60.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,486 | €0 | -€1,486 | -100% |
| Non-recurring operating income | 76A | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,652 | €7,983 | +€4,331 | +119% |
| Other operating charges | 640/8 | €1,110 | €1,206 | +€96 | +8.6% |
| Non-recurring operating charges | 66A | - | €1,238 | +€1,238 | |
| Gross operating margin | 9900 | €105,705 | €100,834 | -€4,871 | -4.6% |
| Operating profit (loss) | 9901 | €100,942 | €90,408 | -€10,535 | -10.4% |
| Financial income | 75/76B | €1,887 | €16,928 | +€15,041 | +797% |
| Recurring financial income | 75 | €1,887 | €16,928 | +€15,041 | +797% |
| Financial charges | 65/66B | €375 | €207 | -€167 | -44.6% |
| Recurring financial charges | 65 | €375 | €207 | -€167 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €102,455 | €107,128 | +€4,674 | +4.6% |
| Income taxes | 67/77 | €33,903 | €36,184 | +€2,281 | +6.7% |
| Profit (loss) for the period | 9904 | €68,552 | €70,945 | +€2,393 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,552 | €70,945 | +€2,393 | +3.5% |
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 19 October 2026 via checked.be.