GeensBerghe: what changed
GeensBerghe
Largest movements
- Stocks and contracts +€129,196
up €129,196 (+42.0%), from €307,384 to €436,580
- Tangible fixed assets -€59,690
down €59,690 (-17.7%), from €338,065 to €278,375
of which Land and buildings: -€36,069
- Cash +€22,448
up €22,448 (+195%), from €11,538 to €33,985
mainly Contributions, distributions and other (+€90,031) and Depreciation (+€59,690)
- Receivables within one year -€16,223
down €16,223 (-66.5%), from €24,393 to €8,170
of which Trade receivables: -€21,330
- Reserves +€90,031
new in 2025: €90,031
- Other debts -€61,478
down €61,478 (-15.4%), from €397,987 to €336,509
- Short-term financial debts +€40,000
new in 2025: €40,000
- Trade debts +€28,991
up €28,991 (+118%), from €24,592 to €53,583
- Debts after one year -€25,000
down €25,000 (-12.5%), from €200,000 to €175,000
- Gross operating margin +€118,257
up €118,257 (+151%), from €78,159 to €196,416
- Taxes +€34,102
up €34,102 (+2,653%), from €1,285 to €35,387
- Financial charges -€3,875
down €3,875 (-33.0%), from €11,750 to €7,874
- Depreciation +€2,355
up €2,355 (+4.1%), from €57,335 to €59,690
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 | €684,180 | €757,110 | +€72,930 | +10.7% |
| Fixed assets | 21/28 | €340,865 | €278,375 | -€62,490 | -18.3% |
| Tangible fixed assets | 22/27 | €338,065 | €278,375 | -€59,690 | -17.7% |
| Land and buildings | 22 | €279,687 | €243,618 | -€36,069 | -12.9% |
| Plant, machinery and equipment | 23 | €9,222 | €4,475 | -€4,746 | -51.5% |
| Furniture and vehicles | 24 | €49,157 | €30,282 | -€18,875 | -38.4% |
| Financial fixed assets | 28 | €2,800 | €0 | -€2,800 | -100% |
| Current assets | 29/58 | €343,315 | €478,735 | +€135,421 | +39.4% |
| Stocks and contracts in progress | 3 | €307,384 | €436,580 | +€129,196 | +42.0% |
| Stocks | 30/36 | €307,384 | €436,580 | +€129,196 | +42.0% |
| Amounts receivable within one year | 40/41 | €24,393 | €8,170 | -€16,223 | -66.5% |
| Trade receivables | 40 | €22,596 | €1,266 | -€21,330 | -94.4% |
| Other amounts receivable | 41 | €1,797 | €6,904 | +€5,107 | +284% |
| Cash at bank and in hand | 54/58 | €11,538 | €33,985 | +€22,448 | +195% |
| Total equity and liabilities | 10/49 | €684,180 | €757,110 | +€72,930 | +10.7% |
| Equity | 10/15 | €60,316 | €150,347 | +€90,031 | +149% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | - | €90,031 | +€90,031 | |
| Distributable reserves | 133 | - | €90,031 | +€90,031 | |
| Profit (loss) carried forward | 14 | €25,316 | €25,316 | = | 0.0% |
| Amounts payable | 17/49 | €623,864 | €606,763 | -€17,101 | -2.7% |
| Amounts payable after more than one year | 17 | €200,000 | €175,000 | -€25,000 | -12.5% |
| Financial debts | 170/4 | €200,000 | €175,000 | -€25,000 | -12.5% |
| Amounts payable within one year | 42/48 | €423,864 | €431,763 | +€7,899 | +1.9% |
| Financial debts | 43 | - | €40,000 | +€40,000 | |
| Other loans | 439 | - | €40,000 | +€40,000 | |
| Trade debts | 44 | €24,592 | €53,583 | +€28,991 | +118% |
| Suppliers | 440/4 | €24,592 | €53,583 | +€28,991 | +118% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,285 | €1,671 | +€386 | +30.0% |
| Taxes | 450/3 | €1,285 | €1,671 | +€386 | +30.0% |
| Other amounts payable | 47/48 | €397,987 | €336,509 | -€61,478 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,335 | €59,690 | +€2,355 | +4.1% |
| Other operating charges | 640/8 | €2,340 | €3,458 | +€1,118 | +47.8% |
| Gross operating margin | 9900 | €78,159 | €196,416 | +€118,257 | +151% |
| Operating profit (loss) | 9901 | €18,484 | €133,267 | +€114,783 | +621% |
| Financial income | 75/76B | €0 | €25 | +€25 | +63,375% |
| Recurring financial income | 75 | €0 | €25 | +€25 | +63,375% |
| Financial charges | 65/66B | €11,750 | €7,874 | -€3,875 | -33.0% |
| Recurring financial charges | 65 | €11,750 | €7,874 | -€3,875 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €6,734 | €125,418 | +€118,684 | +1,762% |
| Transfer to deferred taxes | 680 | - | €90,031 | +€90,031 | |
| Income taxes | 67/77 | €1,285 | €35,387 | +€34,102 | +2,653% |
| Profit (loss) for the period | 9904 | €5,449 | €0 | -€5,449 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €5,449 | €0 | -€5,449 | -100% |
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 4 November 2026 via checked.be.