GEERAERT LPM: 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.
GEERAERT LPM
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Intangible fixed assets -€77,647
down €77,647 (-89.6%), from €86,706 to €9,059
- Cash +€29,244
up €29,244 (+12.9%), from €227,423 to €256,666
mainly Net result for the year (+€254,977) and Depreciation (+€101,349)
- Deferred charges and accrued income +€26,553
up €26,553 (+1,282%), from €2,072 to €28,625
- Tangible fixed assets -€20,155
down €20,155 (-18.6%), from €108,636 to €88,481
of which Furniture and vehicles: -€17,854
- Other debts -€180,866
down €180,866 (-49.0%), from €369,140 to €188,274
- Profit (loss) carried forward +€103,977
new in 2025: €103,977
- Tax, wage and social debts -€58,457
down €58,457 (-54.2%), from €107,761 to €49,304
of which Taxes: -€58,754
- Trade debts +€11,580
up €11,580 (+195%), from €5,945 to €17,525
- Debts after one year -€7,210
no longer reported in 2025 (was €7,210)
- Gross operating margin +€14,364
up €14,364 (+3.1%), from €465,798 to €480,161
- Staff costs +€8,345
up €8,345 (+24.5%), from €34,040 to €42,385
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 | €524,836 | €386,750 | -€138,086 | -26.3% |
| Fixed assets | 21/28 | €195,341 | €97,539 | -€97,802 | -50.1% |
| Intangible fixed assets | 21 | €86,706 | €9,059 | -€77,647 | -89.6% |
| Tangible fixed assets | 22/27 | €108,636 | €88,481 | -€20,155 | -18.6% |
| Land and buildings | 22 | €49,121 | €43,273 | -€5,848 | -11.9% |
| Furniture and vehicles | 24 | €59,514 | €41,660 | -€17,854 | -30.0% |
| Assets under construction and advance payments | 27 | - | €3,547 | +€3,547 | |
| Current assets | 29/58 | €329,495 | €289,211 | -€40,284 | -12.2% |
| Amounts receivable within one year | 40/41 | - | €3,919 | +€3,919 | |
| Other amounts receivable | 41 | - | €3,919 | +€3,919 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €227,423 | €256,666 | +€29,244 | +12.9% |
| Deferred charges and accrued income | 490/1 | €2,072 | €28,625 | +€26,553 | +1,282% |
| Total equity and liabilities | 10/49 | €524,836 | €386,750 | -€138,086 | -26.3% |
| Equity | 10/15 | €20,460 | €124,437 | +€103,977 | +508% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €103,977 | +€103,977 | |
| Amounts payable | 17/49 | €504,376 | €262,313 | -€242,063 | -48.0% |
| Amounts payable after more than one year | 17 | €7,210 | - | -€7,210 | |
| Financial debts | 170/4 | €7,210 | - | -€7,210 | |
| Amounts payable within one year | 42/48 | €497,166 | €262,313 | -€234,854 | -47.2% |
| Current portion of amounts payable after more than one year | 42 | €14,321 | €7,210 | -€7,111 | -49.7% |
| Trade debts | 44 | €5,945 | €17,525 | +€11,580 | +195% |
| Suppliers | 440/4 | €5,945 | €17,525 | +€11,580 | +195% |
| Taxes, remuneration and social security | 45 | €107,761 | €49,304 | -€58,457 | -54.2% |
| Taxes | 450/3 | €100,304 | €41,550 | -€58,754 | -58.6% |
| Remuneration and social security | 454/9 | €7,457 | €7,755 | +€297 | +4.0% |
| Other amounts payable | 47/48 | €369,140 | €188,274 | -€180,866 | -49.0% |
| Non-recurring operating income | 76A | €10,700 | - | -€10,700 | |
| Remuneration, social security and pensions | 62 | €34,040 | €42,385 | +€8,345 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,638 | €101,349 | -€289 | -0.3% |
| Other operating charges | 640/8 | €419 | €1,055 | +€636 | +152% |
| Gross operating margin | 9900 | €465,798 | €480,161 | +€14,364 | +3.1% |
| Operating profit (loss) | 9901 | €329,700 | €335,372 | +€5,672 | +1.7% |
| Financial income | 75/76B | €1,156 | €1,100 | -€57 | -4.9% |
| Recurring financial income | 75 | €1,156 | €1,100 | -€57 | -4.9% |
| Financial charges | 65/66B | €293 | €414 | +€121 | +41.4% |
| Recurring financial charges | 65 | €293 | €414 | +€121 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | €330,564 | €336,058 | +€5,494 | +1.7% |
| Income taxes | 67/77 | €81,550 | €81,081 | -€469 | -0.6% |
| Profit (loss) for the period | 9904 | €249,014 | €254,977 | +€5,963 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €249,014 | €254,977 | +€5,963 | +2.4% |
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 26 October 2026 via checked.be.