GEERAERTS AMI: 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.
GEERAERTS AMI
Largest movements
- Tangible fixed assets -€28,521
down €28,521 (-15.5%), from €183,502 to €154,981
of which Plant, machinery and equipment: -€23,251
- Receivables within one year -€17,783
down €17,783 (-27.4%), from €64,872 to €47,089
of which Other amounts receivable: -€10,967
- Cash +€5,531
up €5,531 (+3.8%), from €143,951 to €149,482
mainly Depreciation (+€28,521) and Receivables within one year (+€17,783)
- Trade debts -€26,049
no longer reported in 2025 (was €26,049)
- Tax, wage and social debts -€8,064
down €8,064 (-77.4%), from €10,418 to €2,354
- Profit (loss) carried forward -€7,387
new in 2025: -€7,387
- Gross operating margin -€38,799
down €38,799 (-63.7%), from €60,911 to €22,112
- Other operating charges -€22,748
down €22,748 (-94.9%), from €23,983 to €1,235
- Taxes -€2,687
down €2,687 (-90.4%), from €2,972 to €285
- Financial income -€1,102
down €1,102 (-56.7%), from €1,943 to €841
- Financial charges -€622
down €622 (-67.5%), from €921 to €299
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 | €395,025 | €352,144 | -€42,881 | -10.9% |
| Fixed assets | 21/28 | €183,502 | €154,981 | -€28,521 | -15.5% |
| Tangible fixed assets | 22/27 | €183,502 | €154,981 | -€28,521 | -15.5% |
| Land and buildings | 22 | €4,600 | €1,958 | -€2,642 | -57.4% |
| Plant, machinery and equipment | 23 | €175,246 | €151,995 | -€23,251 | -13.3% |
| Furniture and vehicles | 24 | €3,656 | €1,028 | -€2,628 | -71.9% |
| Current assets | 29/58 | €211,523 | €197,163 | -€14,360 | -6.8% |
| Amounts receivable within one year | 40/41 | €64,872 | €47,089 | -€17,783 | -27.4% |
| Trade receivables | 40 | €49,995 | €43,179 | -€6,816 | -13.6% |
| Other amounts receivable | 41 | €14,877 | €3,910 | -€10,967 | -73.7% |
| Cash at bank and in hand | 54/58 | €143,951 | €149,482 | +€5,531 | +3.8% |
| Deferred charges and accrued income | 490/1 | €2,700 | €592 | -€2,108 | -78.1% |
| Total equity and liabilities | 10/49 | €395,025 | €352,144 | -€42,881 | -10.9% |
| Equity | 10/15 | €168,283 | €160,896 | -€7,387 | -4.4% |
| Contributions | 10/11 | €7,088 | €7,088 | = | 0.0% |
| Reserves | 13 | €161,195 | €161,195 | = | 0.0% |
| Distributable reserves | 133 | €161,195 | €161,195 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,387 | -€7,387 | |
| Amounts payable | 17/49 | €226,742 | €191,248 | -€35,494 | -15.7% |
| Amounts payable within one year | 42/48 | €226,742 | €191,248 | -€35,494 | -15.7% |
| Trade debts | 44 | €26,049 | - | -€26,049 | |
| Suppliers | 440/4 | €26,049 | - | -€26,049 | |
| Taxes, remuneration and social security | 45 | €10,418 | €2,354 | -€8,064 | -77.4% |
| Taxes | 450/3 | €10,418 | €2,354 | -€8,064 | -77.4% |
| Other amounts payable | 47/48 | €190,275 | €188,894 | -€1,381 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,405 | €28,521 | +€116 | +0.4% |
| Other operating charges | 640/8 | €23,983 | €1,235 | -€22,748 | -94.9% |
| Gross operating margin | 9900 | €60,911 | €22,112 | -€38,799 | -63.7% |
| Operating profit (loss) | 9901 | €8,523 | -€7,644 | -€16,167 | |
| Financial income | 75/76B | €1,943 | €841 | -€1,102 | -56.7% |
| Recurring financial income | 75 | €1,943 | €841 | -€1,102 | -56.7% |
| Financial charges | 65/66B | €921 | €299 | -€622 | -67.5% |
| Recurring financial charges | 65 | €921 | €299 | -€622 | -67.5% |
| Profit (loss) for the period before taxes | 9903 | €9,545 | -€7,102 | -€16,647 | |
| Income taxes | 67/77 | €2,972 | €285 | -€2,687 | -90.4% |
| Profit (loss) for the period | 9904 | €6,573 | -€7,387 | -€13,960 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,573 | -€7,387 | -€13,960 |
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 27 October 2026 via checked.be.