GEERITS CONSTRUCTIE: 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.
What changed
GEERITS CONSTRUCTIE
NACE 25.110, Manufacture of metal structures and parts of structures
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€9,376
2024 · €893,413-€884,037
Equity
€1.8m
2024 · €2.1m-€290,624
Cash
€905,569
2024 · €933,717-€28,148
Balance sheet total
€6.9m
2024 · €5.7m+€1.3m
Largest movements
Assets
- Stocks and contracts +€1.1m
up €1.1m (+88.3%), from €1.2m to €2.2m
of which Contracts in progress: +€1.0m
- Receivables within one year +€306,210
up €306,210 (+13.5%), from €2.3m to €2.6m
of which Trade receivables: +€469,041
- Tangible fixed assets -€152,447
down €152,447 (-12.0%), from €1.3m to €1.1m
of which Furniture and vehicles: -€210,357
Equity and liabilities
- Short-term financial debts +€932,344
up €932,344 (+164%), from €567,656 to €1.5m
- Trade debts +€613,736
up €613,736 (+54.4%), from €1.1m to €1.7m
- Advances received +€517,200
up €517,200 (+303%), from €170,600 to €687,800
- Other debts -€493,048
down €493,048 (-48.9%), from €1.0m to €516,020
- Reserves -€290,624
down €290,624 (-14.9%), from €1.9m to €1.7m
of which Distributable reserves: -€339,881
Income statement
- Goods and materials +€5.3m
up €5.3m (+51.5%), from €10.3m to €15.6m
of which Purchases: +€5.4m
- Turnover +€4.1m
up €4.1m (+23.9%), from €17.3m to €21.5m
- Taxes -€310,275
down €310,275 (-91.5%), from €339,282 to €29,007
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
€893,413
Turnover
+€4.1m
Other operating income
+€19,074
Goods and materials
-€5.3m
Services and other goods
+€16,784
Staff costs
-€30,812
Depreciation
-€88,061
Other operating charges
-€109,510
Other operating items
+€172,923
Financial income
+€2,208
Financial charges
-€605
Taxes
+€310,275
Result 2025
€9,376
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€538,958
Investment
-€297,308
Financing
+€808,117
Cash 2024
€933,717
From operations (derived)
-€538,958
Net result for the year
+€9,376
Depreciation
+€427,509
Stocks and contracts
-€1.1m
Receivables within one year
-€306,210
Deferred charges and accrued income
-€57,000
Trade debts
+€613,736
Tax, wage and social debts
-€196,433
Advances received
+€517,200
Other debts
-€493,048
Investment (derived)
-€297,308
Investment in fixed assets (net)
-€297,308
Financing
+€808,117
Debts after one year
+€146,053
Current portion of long-term debt
+€29,721
Short-term financial debts
+€932,344
Contributions, distributions and other
-€300,000
Cash 2025
€905,569
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,666,633 | €6,925,582 | +€1.3m | +22.2% |
| Fixed assets | 21/28 | €1,269,141 | €1,138,941 | -€130,201 | -10.3% |
| Intangible fixed assets | 21 | €0 | €22,247 | +€22,247 | |
| Tangible fixed assets | 22/27 | €1,268,941 | €1,116,494 | -€152,447 | -12.0% |
| Land and buildings | 22 | €153,696 | €126,854 | -€26,843 | -17.5% |
| Plant, machinery and equipment | 23 | €554,505 | €425,971 | -€128,535 | -23.2% |
| Furniture and vehicles | 24 | €560,740 | €350,382 | -€210,357 | -37.5% |
| Leasing and similar rights | 25 | - | €213,288 | +€213,288 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Other financial fixed assets | 284/8 | €200 | €200 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €4,397,492 | €5,786,641 | +€1.4m | +31.6% |
| Stocks and contracts in progress | 3 | €1,193,539 | €2,247,625 | +€1.1m | +88.3% |
| Stocks | 30/36 | €575,188 | €600,445 | +€25,258 | +4.4% |
| Raw materials and consumables | 30/31 | €575,188 | €600,445 | +€25,258 | +4.4% |
| Contracts in progress | 37 | €618,351 | €1,647,180 | +€1.0m | +166% |
| Amounts receivable within one year | 40/41 | €2,263,282 | €2,569,492 | +€306,210 | +13.5% |
| Trade receivables | 40 | €1,693,086 | €2,162,127 | +€469,041 | +27.7% |
| Other amounts receivable | 41 | €570,196 | €407,365 | -€162,830 | -28.6% |
| Cash at bank and in hand | 54/58 | €933,717 | €905,569 | -€28,148 | -3.0% |
| Deferred charges and accrued income | 490/1 | €6,954 | €63,954 | +€57,000 | +820% |
| Total equity and liabilities | 10/49 | €5,666,633 | €6,925,582 | +€1.3m | +22.2% |
| Equity | 10/15 | €2,072,242 | €1,781,618 | -€290,624 | -14.0% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €1,948,296 | €1,657,671 | -€290,624 | -14.9% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €800,062 | €849,319 | +€49,257 | +6.2% |
| Distributable reserves | 133 | €1,135,839 | €795,957 | -€339,881 | -29.9% |
| Amounts payable | 17/49 | €3,594,391 | €5,143,964 | +€1.5m | +43.1% |
| Amounts payable after more than one year | 17 | €22,501 | €168,554 | +€146,053 | +649% |
| Financial debts | 170/4 | €22,501 | €168,554 | +€146,053 | +649% |
| Leasing and similar obligations | 172 | €22,501 | €168,554 | +€146,053 | +649% |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,571,890 | €4,975,410 | +€1.4m | +39.3% |
| Current portion of amounts payable after more than one year | 42 | €39,968 | €69,689 | +€29,721 | +74.4% |
| Financial debts | 43 | €567,656 | €1,500,000 | +€932,344 | +164% |
| Credit institutions | 430/8 | €567,656 | €1,500,000 | +€932,344 | +164% |
| Trade debts | 44 | €1,127,676 | €1,741,412 | +€613,736 | +54.4% |
| Suppliers | 440/4 | €1,127,676 | €1,741,412 | +€613,736 | +54.4% |
| Advances received on contracts in progress | 46 | €170,600 | €687,800 | +€517,200 | +303% |
| Taxes, remuneration and social security | 45 | €656,921 | €460,488 | -€196,433 | -29.9% |
| Taxes | 450/3 | €225,961 | €20,171 | -€205,790 | -91.1% |
| Remuneration and social security | 454/9 | €430,960 | €440,318 | +€9,358 | +2.2% |
| Other amounts payable | 47/48 | €1,009,068 | €516,020 | -€493,048 | -48.9% |
| Operating income | 70/76A | €17,880,595 | €22,204,999 | +€4.3m | +24.2% |
| Turnover | 70 | €17,323,919 | €21,459,264 | +€4.1m | +23.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €236,738 | €511,629 | +€274,891 | +116% |
| Own construction capitalised | 72 | €145 | €0 | -€145 | -100% |
| Other operating income | 74 | €207,793 | €226,866 | +€19,074 | +9.2% |
| Non-recurring operating income | 76A | €112,000 | €7,240 | -€104,760 | -93.5% |
| Operating charges | 60/66A | €16,634,003 | €22,154,322 | +€5.5m | +33.2% |
| Goods for resale, raw materials and consumables | 60 | €10,318,669 | €15,630,325 | +€5.3m | +51.5% |
| Purchases | 600/8 | €10,252,547 | €15,655,583 | +€5.4m | +52.7% |
| Change in stocks: decrease (increase) | 609 | €66,122 | -€25,258 | -€91,380 | |
| Services and other goods | 61 | €3,486,980 | €3,470,196 | -€16,784 | -0.5% |
| Remuneration, social security and pensions | 62 | €2,406,908 | €2,437,720 | +€30,812 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €339,448 | €427,509 | +€88,061 | +25.9% |
| Other operating charges | 640/8 | €66,457 | €175,967 | +€109,510 | +165% |
| Non-recurring operating charges | 66A | €15,541 | €12,605 | -€2,937 | -18.9% |
| Operating profit (loss) | 9901 | €1,246,592 | €50,677 | -€1.2m | -95.9% |
| Financial income | 75/76B | €73,023 | €75,231 | +€2,208 | +3.0% |
| Recurring financial income | 75 | €73,023 | €75,231 | +€2,208 | +3.0% |
| Income from current assets | 751 | €9,831 | €2,745 | -€7,086 | -72.1% |
| Other financial income | 752/9 | €63,191 | €72,486 | +€9,295 | +14.7% |
| Financial charges | 65/66B | €86,920 | €87,526 | +€605 | +0.7% |
| Recurring financial charges | 65 | €86,920 | €87,526 | +€605 | +0.7% |
| Debt charges | 650 | €86,042 | €75,975 | -€10,067 | -11.7% |
| Other financial charges | 652/9 | €878 | €11,550 | +€10,672 | +1,215% |
| Profit (loss) for the period before taxes | 9903 | €1,232,695 | €38,383 | -€1.2m | -96.9% |
| Income taxes | 67/77 | €339,282 | €29,007 | -€310,275 | -91.5% |
| Taxes | 670/3 | €339,282 | €29,007 | -€310,275 | -91.5% |
| Profit (loss) for the period | 9904 | €893,413 | €9,376 | -€884,037 | -99.0% |
| Transfer from tax-exempt reserves | 789 | - | €190,713 | +€190,713 | |
| Transfer to tax-exempt reserves | 689 | €578,875 | €239,970 | -€338,905 | -58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €314,538 | -€39,881 | -€354,419 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.