GEERIT: 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.
GEERIT
Largest movements
- Receivables within one year +€88,781
up €88,781 (+700%), from €12,677 to €101,458
- Cash +€81,052
up €81,052 (+45.5%), from €178,015 to €259,067
mainly Other debts (+€140,000) and Net result for the year (+€121,384)
- Tangible fixed assets -€16,623
down €16,623 (-22.9%), from €72,674 to €56,052
of which Other tangible fixed assets: -€13,113
- Other debts +€140,000
up €140,000 (+255%), from €54,999 to €194,999
- Profit (loss) carried forward +€121,384
up €121,384 (+684%), from €17,736 to €139,121
- Trade debts -€82,518
down €82,518 (-93.0%), from €88,684 to €6,166
- Advances received -€25,497
down €25,497 (-100%), from €25,497 to €0
- Gross operating margin +€145,762
up €145,762 (+384%), from €37,965 to €183,728
- Financial charges -€35,989
down €35,989 (-93.4%), from €38,537 to €2,547
- Taxes +€35,964
up €35,964, from €0 to €35,964
- Depreciation +€6,185
up €6,185 (+59.3%), from €10,438 to €16,623
- Other operating charges +€4,354
up €4,354 (+152%), from €2,855 to €7,209
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €263,531 | €416,745 | +€153,214 | +58.1% |
| Fixed assets | 21/28 | €72,674 | €56,052 | -€16,623 | -22.9% |
| Tangible fixed assets | 22/27 | €72,674 | €56,052 | -€16,623 | -22.9% |
| Plant, machinery and equipment | 23 | €17,373 | €13,863 | -€3,510 | -20.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €55,302 | €42,189 | -€13,113 | -23.7% |
| Current assets | 29/58 | €190,856 | €360,693 | +€169,836 | +89.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €12,677 | €101,458 | +€88,781 | +700% |
| Other amounts receivable | 41 | €12,677 | €101,458 | +€88,781 | +700% |
| Current investments | 50/53 | €164 | €168 | +€3 | +2.1% |
| Cash at bank and in hand | 54/58 | €178,015 | €259,067 | +€81,052 | +45.5% |
| Total equity and liabilities | 10/49 | €263,531 | €416,745 | +€153,214 | +58.1% |
| Equity | 10/15 | €94,196 | €215,580 | +€121,384 | +129% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €70,259 | €70,259 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €528 | €528 | = | 0.0% |
| Distributable reserves | 133 | €67,871 | €69,731 | +€1,860 | +2.7% |
| Profit (loss) carried forward | 14 | €17,736 | €139,121 | +€121,384 | +684% |
| Amounts payable | 17/49 | €169,335 | €201,165 | +€31,829 | +18.8% |
| Amounts payable within one year | 42/48 | €169,335 | €201,165 | +€31,829 | +18.8% |
| Trade debts | 44 | €88,684 | €6,166 | -€82,518 | -93.0% |
| Suppliers | 440/4 | €88,684 | €6,166 | -€82,518 | -93.0% |
| Advances received on contracts in progress | 46 | €25,497 | €0 | -€25,497 | -100% |
| Taxes, remuneration and social security | 45 | €156 | €0 | -€156 | -100% |
| Taxes | 450/3 | €156 | €0 | -€156 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €54,999 | €194,999 | +€140,000 | +255% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,438 | €16,623 | +€6,185 | +59.3% |
| Other operating charges | 640/8 | €2,855 | €7,209 | +€4,354 | +152% |
| Gross operating margin | 9900 | €37,965 | €183,728 | +€145,762 | +384% |
| Operating profit (loss) | 9901 | €24,672 | €159,896 | +€135,224 | +548% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €38,537 | €2,547 | -€35,989 | -93.4% |
| Recurring financial charges | 65 | €38,537 | €2,547 | -€35,989 | -93.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,864 | €157,349 | +€171,213 | |
| Income taxes | 67/77 | €0 | €35,964 | +€35,964 | |
| Profit (loss) for the period | 9904 | -€13,864 | €121,384 | +€135,248 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,864 | €121,384 | +€135,248 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.