GEERIVAN: what changed
GEERIVAN
Largest movements
- Receivables within one year -€831,735
down €831,735 (-77.7%), from €1.1m to €239,184
of which Other amounts receivable: -€786,439
- Stocks and contracts +€170,666
up €170,666 (+19.2%), from €888,717 to €1.1m
- Deferred charges and accrued income -€159,509
down €159,509 (-32.8%), from €486,620 to €327,110
- Cash +€105,736
up €105,736 (+2,842%), from €3,721 to €109,456
mainly Receivables within one year (+€831,735) and Short-term financial debts (+€325,000)
- Profit (loss) carried forward -€443,290
down €443,290 (-26.4%), from -€1.7m to -€2.1m
- Other debts -€397,767
down €397,767 (-30.9%), from €1.3m to €888,081
- Short-term financial debts +€325,000
new in 2025: €325,000
- Trade debts -€198,785
down €198,785 (-8.0%), from €2.5m to €2.3m
- Gross operating margin +€98,211
up €98,211 (+20.6%), from -€475,665 to -€377,454
- Financial charges +€63,713
up €63,713 (+35,826%), from €178 to €63,891
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,449,975 | €1,735,133 | -€714,842 | -29.2% |
| Current assets | 29/58 | €2,449,975 | €1,735,133 | -€714,842 | -29.2% |
| Stocks and contracts in progress | 3 | €888,717 | €1,059,383 | +€170,666 | +19.2% |
| Stocks | 30/36 | €888,717 | €1,059,383 | +€170,666 | +19.2% |
| Amounts receivable within one year | 40/41 | €1,070,918 | €239,184 | -€831,735 | -77.7% |
| Trade receivables | 40 | €234,479 | €189,184 | -€45,296 | -19.3% |
| Other amounts receivable | 41 | €836,439 | €50,000 | -€786,439 | -94.0% |
| Cash at bank and in hand | 54/58 | €3,721 | €109,456 | +€105,736 | +2,842% |
| Deferred charges and accrued income | 490/1 | €486,620 | €327,110 | -€159,509 | -32.8% |
| Total equity and liabilities | 10/49 | €2,449,975 | €1,735,133 | -€714,842 | -29.2% |
| Equity | 10/15 | -€1,329,528 | -€1,772,818 | -€443,290 | -33.3% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €274,324 | €274,324 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €229,387 | €229,387 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,678,220 | -€2,121,510 | -€443,290 | -26.4% |
| Amounts payable | 17/49 | €3,779,503 | €3,507,952 | -€271,552 | -7.2% |
| Amounts payable within one year | 42/48 | €3,779,503 | €3,507,952 | -€271,552 | -7.2% |
| Financial debts | 43 | - | €325,000 | +€325,000 | |
| Credit institutions | 430/8 | - | €325,000 | +€325,000 | |
| Trade debts | 44 | €2,493,655 | €2,294,870 | -€198,785 | -8.0% |
| Suppliers | 440/4 | €2,493,655 | €2,294,870 | -€198,785 | -8.0% |
| Other amounts payable | 47/48 | €1,285,848 | €888,081 | -€397,767 | -30.9% |
| Other operating charges | 640/8 | €2,802 | €1,945 | -€857 | -30.6% |
| Gross operating margin | 9900 | -€475,665 | -€377,454 | +€98,211 | +20.6% |
| Operating profit (loss) | 9901 | -€478,467 | -€379,399 | +€99,068 | +20.7% |
| Financial charges | 65/66B | €178 | €63,891 | +€63,713 | +35,826% |
| Recurring financial charges | 65 | €178 | €63,891 | +€63,713 | +35,826% |
| Profit (loss) for the period before taxes | 9903 | -€478,645 | -€443,290 | +€35,355 | +7.4% |
| Profit (loss) for the period | 9904 | -€478,645 | -€443,290 | +€35,355 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€478,645 | -€443,290 | +€35,355 | +7.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.