GEENS: what changed
Two fiscal 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.
GEENS
Largest movements
- Stocks and contracts +€16,446
up €16,446 (+71.3%), from €23,066 to €39,512
- Cash +€15,519
up €15,519 (+15.6%), from €99,205 to €114,724
mainly Net result for the year (+€24,055) and Trade debts (+€12,292)
- Receivables within one year -€7,389
down €7,389 (-88.7%), from €8,332 to €943
of which Trade receivables: -€7,043
- Reserves +€24,055
up €24,055 (+27.5%), from €87,338 to €111,393
- Trade debts +€12,292
new in 2025: €12,292
- Tax, wage and social debts -€8,500
down €8,500 (-85.0%), from €10,000 to €1,500
- Other debts -€3,196
down €3,196 (-21.5%), from €14,875 to €11,679
- Gross operating margin +€3,848
up €3,848 (+11.5%), from €33,566 to €37,415
- Taxes +€2,636
up €2,636 (+26.2%), from €10,067 to €12,704
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.
Cash bridge derived
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 | €130,813 | €155,464 | +€24,651 | +18.8% |
| Current assets | 29/58 | €130,813 | €155,464 | +€24,651 | +18.8% |
| Stocks and contracts in progress | 3 | €23,066 | €39,512 | +€16,446 | +71.3% |
| Stocks | 30/36 | €23,066 | €39,512 | +€16,446 | +71.3% |
| Amounts receivable within one year | 40/41 | €8,332 | €943 | -€7,389 | -88.7% |
| Trade receivables | 40 | €7,043 | - | -€7,043 | |
| Other amounts receivable | 41 | €1,289 | €943 | -€346 | -26.8% |
| Cash at bank and in hand | 54/58 | €99,205 | €114,724 | +€15,519 | +15.6% |
| Deferred charges and accrued income | 490/1 | €210 | €285 | +€75 | +35.9% |
| Total equity and liabilities | 10/49 | €130,813 | €155,464 | +€24,651 | +18.8% |
| Equity | 10/15 | €105,938 | €129,993 | +€24,055 | +22.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,338 | €111,393 | +€24,055 | +27.5% |
| Distributable reserves | 133 | €87,338 | €111,393 | +€24,055 | +27.5% |
| Amounts payable | 17/49 | €24,875 | €25,471 | +€596 | +2.4% |
| Amounts payable within one year | 42/48 | €24,875 | €25,471 | +€596 | +2.4% |
| Trade debts | 44 | - | €12,292 | +€12,292 | |
| Suppliers | 440/4 | - | €12,292 | +€12,292 | |
| Taxes, remuneration and social security | 45 | €10,000 | €1,500 | -€8,500 | -85.0% |
| Taxes | 450/3 | €10,000 | €1,500 | -€8,500 | -85.0% |
| Other amounts payable | 47/48 | €14,875 | €11,679 | -€3,196 | -21.5% |
| Other operating charges | 640/8 | €655 | €520 | -€136 | -20.7% |
| Gross operating margin | 9900 | €33,566 | €37,415 | +€3,848 | +11.5% |
| Operating profit (loss) | 9901 | €32,911 | €36,895 | +€3,984 | +12.1% |
| Financial charges | 65/66B | €132 | €136 | +€4 | +3.1% |
| Recurring financial charges | 65 | €132 | €136 | +€4 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €32,779 | €36,759 | +€3,980 | +12.1% |
| Income taxes | 67/77 | €10,067 | €12,704 | +€2,636 | +26.2% |
| Profit (loss) for the period | 9904 | €22,712 | €24,055 | +€1,343 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,712 | €24,055 | +€1,343 | +5.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.