GEERT BOEY: 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 BOEY
Largest movements
- Cash +€73,991
up €73,991 (+79.1%), from €93,529 to €167,521
mainly Net result for the year (+€63,626) and Depreciation (+€10,650)
- Tangible fixed assets -€10,650
down €10,650 (-83.0%), from €12,836 to €2,186
of which Furniture and vehicles: -€10,650
- Reserves +€61,908
up €61,908 (+16.6%), from €373,294 to €435,202
- Other debts -€6,468
down €6,468 (-53.6%), from €12,060 to €5,591
- Tax, wage and social debts +€6,397
up €6,397 (+341%), from €1,878 to €8,276
- Gross operating margin -€6,990
down €6,990 (-6.7%), from €103,603 to €96,613
- Taxes +€5,132
up €5,132 (+20.5%), from €25,040 to €30,173
- Financial income +€5,127
up €5,127 (+100%), from €5,120 to €10,246
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 | €393,605 | €457,495 | +€63,890 | +16.2% |
| Fixed assets | 21/28 | €13,086 | €2,436 | -€10,650 | -81.4% |
| Tangible fixed assets | 22/27 | €12,836 | €2,186 | -€10,650 | -83.0% |
| Plant, machinery and equipment | 23 | €990 | €990 | = | 0.0% |
| Furniture and vehicles | 24 | €11,846 | €1,196 | -€10,650 | -89.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €380,519 | €455,059 | +€74,540 | +19.6% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €550 | +€550 | |
| Trade receivables | 40 | - | €550 | +€550 | |
| Current investments | 50/53 | €204,911 | €204,911 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €93,529 | €167,521 | +€73,991 | +79.1% |
| Deferred charges and accrued income | 490/1 | €2,078 | €2,077 | -€1 | -0.1% |
| Total equity and liabilities | 10/49 | €393,605 | €457,495 | +€63,890 | +16.2% |
| Equity | 10/15 | €379,494 | €441,402 | +€61,908 | +16.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €373,294 | €435,202 | +€61,908 | +16.6% |
| Distributable reserves | 133 | €373,294 | €435,202 | +€61,908 | +16.6% |
| Amounts payable | 17/49 | €14,111 | €16,093 | +€1,982 | +14.0% |
| Amounts payable within one year | 42/48 | €14,111 | €16,093 | +€1,982 | +14.0% |
| Trade debts | 44 | €173 | €2,226 | +€2,053 | +1,186% |
| Suppliers | 440/4 | €173 | €2,226 | +€2,053 | +1,186% |
| Taxes, remuneration and social security | 45 | €1,878 | €8,276 | +€6,397 | +341% |
| Taxes | 450/3 | €1,878 | €8,276 | +€6,397 | +341% |
| Other amounts payable | 47/48 | €12,060 | €5,591 | -€6,468 | -53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,650 | €10,650 | = | 0.0% |
| Other operating charges | 640/8 | €1,291 | €1,399 | +€108 | +8.4% |
| Gross operating margin | 9900 | €103,603 | €96,613 | -€6,990 | -6.7% |
| Operating profit (loss) | 9901 | €91,662 | €84,564 | -€7,099 | -7.7% |
| Financial income | 75/76B | €5,120 | €10,246 | +€5,127 | +100% |
| Recurring financial income | 75 | €5,120 | €10,246 | +€5,127 | +100% |
| Financial charges | 65/66B | €1,007 | €1,012 | +€5 | +0.4% |
| Recurring financial charges | 65 | €1,007 | €1,012 | +€5 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €95,775 | €93,799 | -€1,976 | -2.1% |
| Income taxes | 67/77 | €25,040 | €30,173 | +€5,132 | +20.5% |
| Profit (loss) for the period | 9904 | €70,735 | €63,626 | -€7,109 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,735 | €63,626 | -€7,109 | -10.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.