Geeraerts B. Projects: 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 B. Projects
Largest movements
- Cash +€337,303
up €337,303 (+95.9%), from €351,557 to €688,859
mainly Other debts (+€374,257) and Net result for the year (+€267,269)
- Current investments -€196,320
down €196,320 (-41.4%), from €473,733 to €277,412
- Receivables within one year +€55,893
up €55,893 (+133%), from €41,892 to €97,785
of which Trade receivables: +€61,485
- Financial fixed assets +€30,000
new in 2025: €30,000
- Other debts +€374,257
new in 2025: €374,257
- Reserves -€175,450
down €175,450 (-18.6%), from €943,331 to €767,881
- Trade debts +€39,081
up €39,081 (+1,041%), from €3,755 to €42,836
- Debts after one year -€18,561
down €18,561 (-30.3%), from €61,284 to €42,723
- Gross operating margin +€191,757
up €191,757 (+87.6%), from €218,788 to €410,545
- Taxes +€64,468
up €64,468 (+110%), from €58,748 to €123,215
- Financial income +€7,337
up €7,337 (+74.5%), from €9,845 to €17,182
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 | €1,091,666 | €1,305,186 | +€213,520 | +19.6% |
| Fixed assets | 21/28 | €204,404 | €225,021 | +€20,617 | +10.1% |
| Tangible fixed assets | 22/27 | €204,404 | €195,021 | -€9,383 | -4.6% |
| Land and buildings | 22 | €188,124 | €189,606 | +€1,481 | +0.8% |
| Plant, machinery and equipment | 23 | €3,190 | €1,832 | -€1,358 | -42.6% |
| Furniture and vehicles | 24 | €13,089 | €3,584 | -€9,506 | -72.6% |
| Financial fixed assets | 28 | - | €30,000 | +€30,000 | |
| Current assets | 29/58 | €887,263 | €1,080,165 | +€192,903 | +21.7% |
| Amounts receivable within one year | 40/41 | €41,892 | €97,785 | +€55,893 | +133% |
| Trade receivables | 40 | €36,300 | €97,785 | +€61,485 | +169% |
| Other amounts receivable | 41 | €5,592 | - | -€5,592 | |
| Current investments | 50/53 | €473,733 | €277,412 | -€196,320 | -41.4% |
| Cash at bank and in hand | 54/58 | €351,557 | €688,859 | +€337,303 | +95.9% |
| Deferred charges and accrued income | 490/1 | €20,082 | €16,109 | -€3,973 | -19.8% |
| Total equity and liabilities | 10/49 | €1,091,666 | €1,305,186 | +€213,520 | +19.6% |
| Equity | 10/15 | €955,731 | €780,281 | -€175,450 | -18.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €943,331 | €767,881 | -€175,450 | -18.6% |
| Distributable reserves | 133 | €943,331 | €767,881 | -€175,450 | -18.6% |
| Amounts payable | 17/49 | €135,936 | €524,905 | +€388,970 | +286% |
| Amounts payable after more than one year | 17 | €61,284 | €42,723 | -€18,561 | -30.3% |
| Financial debts | 170/4 | €61,284 | €42,723 | -€18,561 | -30.3% |
| Amounts payable within one year | 42/48 | €72,907 | €475,254 | +€402,346 | +552% |
| Current portion of amounts payable after more than one year | 42 | €18,303 | €18,561 | +€258 | +1.4% |
| Trade debts | 44 | €3,755 | €42,836 | +€39,081 | +1,041% |
| Suppliers | 440/4 | €3,755 | €42,836 | +€39,081 | +1,041% |
| Taxes, remuneration and social security | 45 | €50,849 | €39,600 | -€11,250 | -22.1% |
| Taxes | 450/3 | €50,849 | €39,600 | -€11,250 | -22.1% |
| Other amounts payable | 47/48 | - | €374,257 | +€374,257 | |
| Accrued charges and deferred income | 492/3 | €1,744 | €6,928 | +€5,184 | +297% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,828 | €29,615 | +€1,787 | +6.4% |
| Other operating charges | 640/8 | €3,185 | €3,466 | +€281 | +8.8% |
| Gross operating margin | 9900 | €218,788 | €410,545 | +€191,757 | +87.6% |
| Operating profit (loss) | 9901 | €187,774 | €377,463 | +€189,689 | +101% |
| Financial income | 75/76B | €9,845 | €17,182 | +€7,337 | +74.5% |
| Recurring financial income | 75 | €9,845 | €17,182 | +€7,337 | +74.5% |
| Financial charges | 65/66B | €4,756 | €4,161 | -€594 | -12.5% |
| Recurring financial charges | 65 | €4,756 | €4,161 | -€594 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €192,864 | €390,484 | +€197,620 | +102% |
| Income taxes | 67/77 | €58,748 | €123,215 | +€64,468 | +110% |
| Profit (loss) for the period | 9904 | €134,116 | €267,269 | +€133,152 | +99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €134,116 | €267,269 | +€133,152 | +99.3% |
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.