GEERITS: what changed
Two fiscal 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.
What changed
GEERITS
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€43,706
2024 · €62,664-€18,957
Equity
€813,711
2024 · €813,004+€706
Cash
€532,362
2024 · €485,634+€46,728
Balance sheet total
€954,727
2024 · €983,294-€28,567
Largest movements
Assets
- Stocks and contracts -€52,879
down €52,879 (-12.8%), from €411,669 to €358,790
- Cash +€46,728
up €46,728 (+9.6%), from €485,634 to €532,362
mainly Stocks and contracts (+€52,879) and Net result for the year (+€43,706)
- Tangible fixed assets -€20,523
down €20,523 (-31.5%), from €65,140 to €44,617
of which Furniture and vehicles: -€14,545
Equity and liabilities
- Current portion of long-term debt -€13,116
down €13,116 (-60.8%), from €21,585 to €8,469
Income statement
- Staff costs +€17,789
up €17,789 (+11.6%), from €153,105 to €170,894
- Gross operating margin -€15,657
down €15,657 (-6.8%), from €231,430 to €215,773
- Taxes -€4,548
down €4,548 (-49.2%), from €9,241 to €4,693
- Financial income +€2,895
up €2,895 (+10.1%), from €28,567 to €31,462
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.
Result 2024
€62,664
Gross operating margin
-€15,657
Staff costs
-€17,789
Depreciation
+€639
Write-downs
-€1,865
Other operating charges
-€1,136
Other operating items
+€8,659
Financial income
+€2,895
Financial charges
+€748
Taxes
+€4,548
Result 2025
€43,706
Cash bridge derived
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.
From operations
+€111,314
Investment
€0
Financing
-€64,585
Cash 2024
€485,634
From operations (derived)
+€111,314
Net result for the year
+€43,706
Depreciation
+€20,523
Stocks and contracts
+€52,879
Receivables within one year
+€4,699
Deferred charges and accrued income
-€2,806
Trade debts
-€2,279
Tax, wage and social debts
-€3,409
Other debts
-€2,000
Financing
-€64,585
Debts after one year
-€8,469
Current portion of long-term debt
-€13,116
Contributions, distributions and other
-€43,000
Cash 2025
€532,362
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €983,294 | €954,727 | -€28,567 | -2.9% |
| Fixed assets | 21/28 | €65,140 | €44,617 | -€20,523 | -31.5% |
| Tangible fixed assets | 22/27 | €65,140 | €44,617 | -€20,523 | -31.5% |
| Land and buildings | 22 | €31,153 | €25,776 | -€5,378 | -17.3% |
| Plant, machinery and equipment | 23 | €600 | - | -€600 | |
| Furniture and vehicles | 24 | €33,387 | €18,842 | -€14,545 | -43.6% |
| Current assets | 29/58 | €918,153 | €910,110 | -€8,044 | -0.9% |
| Stocks and contracts in progress | 3 | €411,669 | €358,790 | -€52,879 | -12.8% |
| Stocks | 30/36 | €411,669 | €358,790 | -€52,879 | -12.8% |
| Amounts receivable within one year | 40/41 | €10,966 | €6,267 | -€4,699 | -42.9% |
| Other amounts receivable | 41 | €10,966 | €6,267 | -€4,699 | -42.9% |
| Cash at bank and in hand | 54/58 | €485,634 | €532,362 | +€46,728 | +9.6% |
| Deferred charges and accrued income | 490/1 | €9,885 | €12,691 | +€2,806 | +28.4% |
| Total equity and liabilities | 10/49 | €983,294 | €954,727 | -€28,567 | -2.9% |
| Equity | 10/15 | €813,004 | €813,711 | +€706 | +0.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €688,004 | €688,711 | +€706 | +0.1% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €675,504 | €676,211 | +€706 | +0.1% |
| Amounts payable | 17/49 | €170,289 | €141,016 | -€29,273 | -17.2% |
| Amounts payable after more than one year | 17 | €10,307 | €1,838 | -€8,469 | -82.2% |
| Financial debts | 170/4 | €8,469 | - | -€8,469 | |
| Other amounts payable | 178/9 | €1,838 | €1,838 | = | 0.0% |
| Amounts payable within one year | 42/48 | €159,982 | €139,178 | -€20,804 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €21,585 | €8,469 | -€13,116 | -60.8% |
| Trade debts | 44 | €23,417 | €21,139 | -€2,279 | -9.7% |
| Suppliers | 440/4 | €23,417 | €21,139 | -€2,279 | -9.7% |
| Taxes, remuneration and social security | 45 | €69,980 | €66,571 | -€3,409 | -4.9% |
| Taxes | 450/3 | €30,351 | €29,446 | -€905 | -3.0% |
| Remuneration and social security | 454/9 | €39,629 | €37,125 | -€2,504 | -6.3% |
| Other amounts payable | 47/48 | €45,000 | €43,000 | -€2,000 | -4.4% |
| Non-recurring operating income | 76A | €4,132 | - | -€4,132 | |
| Remuneration, social security and pensions | 62 | €153,105 | €170,894 | +€17,789 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,162 | €20,523 | -€639 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,865 | +€1,865 | |
| Other operating charges | 640/8 | €3,098 | €4,233 | +€1,136 | +36.7% |
| Non-recurring operating charges | 66A | €8,880 | €220 | -€8,659 | -97.5% |
| Gross operating margin | 9900 | €231,430 | €215,773 | -€15,657 | -6.8% |
| Operating profit (loss) | 9901 | €45,185 | €18,037 | -€27,148 | -60.1% |
| Financial income | 75/76B | €28,567 | €31,462 | +€2,895 | +10.1% |
| Recurring financial income | 75 | €28,567 | €31,462 | +€2,895 | +10.1% |
| Financial charges | 65/66B | €1,847 | €1,099 | -€748 | -40.5% |
| Recurring financial charges | 65 | €1,847 | €1,099 | -€748 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €71,905 | €48,399 | -€23,505 | -32.7% |
| Income taxes | 67/77 | €9,241 | €4,693 | -€4,548 | -49.2% |
| Profit (loss) for the period | 9904 | €62,664 | €43,706 | -€18,957 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,664 | €43,706 | -€18,957 | -30.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.