GeerT: 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.
GeerT
Largest movements
- Tangible fixed assets -€56,677
down €56,677 (-72.5%), from €78,219 to €21,542
- Cash -€37,306
down €37,306 (-90.1%), from €41,408 to €4,102
mainly Debts after one year (-€52,500) and Other debts (-€39,316)
- Receivables within one year -€16,577
down €16,577 (-30.6%), from €54,249 to €37,672
of which Trade receivables: -€33,979
- Debts after one year -€52,500
down €52,500 (-65.6%), from €80,000 to €27,500
- Other debts -€39,316
down €39,316 (-96.3%), from €40,813 to €1,496
- Reserves -€17,055
down €17,055 (-40.0%), from €42,677 to €25,622
- Tax, wage and social debts -€3,697
down €3,697 (-39.0%), from €9,490 to €5,794
of which Taxes: -€3,805
- Gross operating margin -€46,889
down €46,889 (-39.0%), from €120,149 to €73,259
- Taxes -€16,711
down €16,711 (-99.4%), from €16,820 to €109
- Depreciation -€14,047
down €14,047 (-61.0%), from €23,011 to €8,964
- Staff costs -€2,065
down €2,065 (-8.7%), from €23,742 to €21,678
- Other operating charges +€1,221
up €1,221 (+119%), from €1,026 to €2,247
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 | €175,203 | €63,316 | -€111,887 | -63.9% |
| Fixed assets | 21/28 | €78,219 | €21,542 | -€56,677 | -72.5% |
| Tangible fixed assets | 22/27 | €78,219 | €21,542 | -€56,677 | -72.5% |
| Furniture and vehicles | 24 | €78,219 | €21,542 | -€56,677 | -72.5% |
| Current assets | 29/58 | €96,984 | €41,774 | -€55,210 | -56.9% |
| Amounts receivable within one year | 40/41 | €54,249 | €37,672 | -€16,577 | -30.6% |
| Trade receivables | 40 | €35,886 | €1,907 | -€33,979 | -94.7% |
| Other amounts receivable | 41 | €18,362 | €35,765 | +€17,402 | +94.8% |
| Cash at bank and in hand | 54/58 | €41,408 | €4,102 | -€37,306 | -90.1% |
| Deferred charges and accrued income | 490/1 | €1,327 | €0 | -€1,327 | -100% |
| Total equity and liabilities | 10/49 | €175,203 | €63,316 | -€111,887 | -63.9% |
| Equity | 10/15 | €43,677 | €26,622 | -€17,055 | -39.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €42,677 | €25,622 | -€17,055 | -40.0% |
| Distributable reserves | 133 | €42,677 | €25,622 | -€17,055 | -40.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €131,526 | €36,694 | -€94,832 | -72.1% |
| Amounts payable after more than one year | 17 | €80,000 | €27,500 | -€52,500 | -65.6% |
| Financial debts | 170/4 | €80,000 | €27,500 | -€52,500 | -65.6% |
| Amounts payable within one year | 42/48 | €51,526 | €9,194 | -€42,332 | -82.2% |
| Trade debts | 44 | €1,222 | €1,904 | +€682 | +55.7% |
| Suppliers | 440/4 | €1,222 | €1,904 | +€682 | +55.7% |
| Taxes, remuneration and social security | 45 | €9,490 | €5,794 | -€3,697 | -39.0% |
| Taxes | 450/3 | €6,473 | €2,668 | -€3,805 | -58.8% |
| Remuneration and social security | 454/9 | €3,017 | €3,125 | +€108 | +3.6% |
| Other amounts payable | 47/48 | €40,813 | €1,496 | -€39,316 | -96.3% |
| Non-recurring operating income | 76A | - | €17,876 | +€17,876 | |
| Remuneration, social security and pensions | 62 | €23,742 | €21,678 | -€2,065 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,011 | €8,964 | -€14,047 | -61.0% |
| Other operating charges | 640/8 | €1,026 | €2,247 | +€1,221 | +119% |
| Non-recurring operating charges | 66A | - | €57,965 | +€57,965 | |
| Gross operating margin | 9900 | €120,149 | €73,259 | -€46,889 | -39.0% |
| Operating profit (loss) | 9901 | €72,369 | -€17,594 | -€89,963 | |
| Financial income | 75/76B | €1,327 | €720 | -€607 | -45.8% |
| Recurring financial income | 75 | €1,327 | €720 | -€607 | -45.8% |
| Financial charges | 65/66B | €59 | €72 | +€14 | +23.1% |
| Recurring financial charges | 65 | €59 | €72 | +€14 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €73,638 | -€16,946 | -€90,584 | |
| Income taxes | 67/77 | €16,820 | €109 | -€16,711 | -99.4% |
| Profit (loss) for the period | 9904 | €56,818 | -€17,055 | -€73,873 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,818 | -€17,055 | -€73,873 |
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 25 October 2026 via checked.be.