Geert Bosmans: 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 Bosmans
Largest movements
- Cash -€54,234
down €54,234 (-51.9%), from €104,522 to €50,288
mainly Contributions, distributions and other (-€217,061) and Investment in fixed assets (net) (-€9,992)
- Tangible fixed assets -€19,102
down €19,102 (-24.3%), from €78,725 to €59,623
of which Furniture and vehicles: -€25,694
- Receivables within one year -€11,386
down €11,386 (-25.0%), from €45,508 to €34,122
of which Trade receivables: -€9,835
- Stocks and contracts +€3,208
new in 2025: €3,208
- Reserves -€167,531
down €167,531 (-97.4%), from €172,061 to €4,530
- Other debts +€109,284
up €109,284 (+776%), from €14,080 to €123,364
- Debts after one year -€8,947
no longer reported in 2025 (was €8,947)
- Trade debts -€7,585
down €7,585 (-100.0%), from €7,586 to €1
- Current portion of long-term debt -€6,233
down €6,233 (-41.1%), from €15,180 to €8,947
- Gross operating margin +€14,562
up €14,562 (+16.8%), from €86,671 to €101,233
- Taxes +€2,199
up €2,199 (+13.2%), from €16,685 to €18,885
- Other operating charges +€2,011
up €2,011 (+140%), from €1,441 to €3,453
- Depreciation +€1,716
up €1,716 (+6.3%), from €27,379 to €29,094
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 | €230,934 | €149,351 | -€81,584 | -35.3% |
| Fixed assets | 21/28 | €78,725 | €59,623 | -€19,102 | -24.3% |
| Tangible fixed assets | 22/27 | €78,725 | €59,623 | -€19,102 | -24.3% |
| Plant, machinery and equipment | 23 | €1,115 | €4,173 | +€3,058 | +274% |
| Furniture and vehicles | 24 | €77,610 | €51,916 | -€25,694 | -33.1% |
| Other tangible fixed assets | 26 | - | €3,534 | +€3,534 | |
| Current assets | 29/58 | €152,210 | €89,728 | -€62,482 | -41.0% |
| Stocks and contracts in progress | 3 | - | €3,208 | +€3,208 | |
| Stocks | 30/36 | - | €3,208 | +€3,208 | |
| Amounts receivable within one year | 40/41 | €45,508 | €34,122 | -€11,386 | -25.0% |
| Trade receivables | 40 | €42,168 | €32,333 | -€9,835 | -23.3% |
| Other amounts receivable | 41 | €3,340 | €1,789 | -€1,551 | -46.4% |
| Cash at bank and in hand | 54/58 | €104,522 | €50,288 | -€54,234 | -51.9% |
| Deferred charges and accrued income | 490/1 | €2,180 | €2,110 | -€69 | -3.2% |
| Total equity and liabilities | 10/49 | €230,934 | €149,351 | -€81,584 | -35.3% |
| Equity | 10/15 | €175,061 | €7,530 | -€167,531 | -95.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €172,061 | €4,530 | -€167,531 | -97.4% |
| Distributable reserves | 133 | €172,061 | €4,530 | -€167,531 | -97.4% |
| Amounts payable | 17/49 | €55,873 | €141,820 | +€85,947 | +154% |
| Amounts payable after more than one year | 17 | €8,947 | - | -€8,947 | |
| Financial debts | 170/4 | €8,947 | - | -€8,947 | |
| Amounts payable within one year | 42/48 | €46,926 | €141,820 | +€94,894 | +202% |
| Current portion of amounts payable after more than one year | 42 | €15,180 | €8,947 | -€6,233 | -41.1% |
| Trade debts | 44 | €7,586 | €1 | -€7,585 | -100.0% |
| Suppliers | 440/4 | €7,586 | €1 | -€7,585 | -100.0% |
| Taxes, remuneration and social security | 45 | €10,080 | €9,509 | -€572 | -5.7% |
| Taxes | 450/3 | €10,080 | €9,509 | -€572 | -5.7% |
| Other amounts payable | 47/48 | €14,080 | €123,364 | +€109,284 | +776% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,379 | €29,094 | +€1,716 | +6.3% |
| Other operating charges | 640/8 | €1,441 | €3,453 | +€2,011 | +140% |
| Gross operating margin | 9900 | €86,671 | €101,233 | +€14,562 | +16.8% |
| Operating profit (loss) | 9901 | €57,851 | €68,686 | +€10,835 | +18.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €465 | €272 | -€193 | -41.6% |
| Recurring financial charges | 65 | €465 | €272 | -€193 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €57,386 | €68,415 | +€11,029 | +19.2% |
| Income taxes | 67/77 | €16,685 | €18,885 | +€2,199 | +13.2% |
| Profit (loss) for the period | 9904 | €40,701 | €49,530 | +€8,829 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,701 | €49,530 | +€8,829 | +21.7% |
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 27 October 2026 via checked.be.