GEERT DE NEEF: 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 DE NEEF
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts -€12,212
down €12,212 (-3.4%), from €361,858 to €349,646
- Reserves +€11,732
up €11,732 (+23.1%), from €50,773 to €62,506
of which Distributable reserves: +€11,732
- Gross operating margin +€8,100
up €8,100 (+1,358%), from €596 to €8,697
- Taxes +€1,975
up €1,975 (+83.1%), from €2,378 to €4,353
- Financial charges +€260
up €260 (+1,441%), from €18 to €278
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 | €440,863 | €444,476 | +€3,613 | +0.8% |
| Fixed assets | 21/28 | €4,100 | €4,100 | = | 0.0% |
| Financial fixed assets | 28 | €4,100 | €4,100 | = | 0.0% |
| Current assets | 29/58 | €436,763 | €440,376 | +€3,613 | +0.8% |
| Amounts receivable after more than one year | 29 | €410,000 | €410,000 | = | 0.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €410,000 | €410,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,790 | €24,790 | = | 0.0% |
| Other amounts receivable | 41 | €24,790 | €24,790 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,973 | €5,586 | +€3,613 | +183% |
| Total equity and liabilities | 10/49 | €440,863 | €444,476 | +€3,613 | +0.8% |
| Equity | 10/15 | €56,973 | €68,706 | +€11,732 | +20.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50,773 | €62,506 | +€11,732 | +23.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €50,773 | €62,506 | +€11,732 | +23.1% |
| Amounts payable | 17/49 | €383,890 | €375,770 | -€8,120 | -2.1% |
| Amounts payable after more than one year | 17 | €19,000 | €19,000 | = | 0.0% |
| Financial debts | 170/4 | - | €19,000 | +€19,000 | |
| Other amounts payable | 178/9 | €19,000 | €0 | -€19,000 | -100% |
| Amounts payable within one year | 42/48 | €364,890 | €356,770 | -€8,120 | -2.2% |
| Financial debts | 43 | - | €7 | +€7 | |
| Credit institutions | 430/8 | - | €7 | +€7 | |
| Trade debts | 44 | €678 | €410 | -€268 | -39.6% |
| Suppliers | 440/4 | €678 | €410 | -€268 | -39.6% |
| Taxes, remuneration and social security | 45 | €2,355 | €6,707 | +€4,353 | +185% |
| Taxes | 450/3 | €2,355 | €6,707 | +€4,353 | +185% |
| Other amounts payable | 47/48 | €361,858 | €349,646 | -€12,212 | -3.4% |
| Other operating charges | 640/8 | €472 | €533 | +€61 | +12.9% |
| Gross operating margin | 9900 | €596 | €8,697 | +€8,100 | +1,358% |
| Operating profit (loss) | 9901 | €124 | €8,163 | +€8,039 | +6,485% |
| Financial income | 75/76B | €8,200 | €8,200 | = | 0.0% |
| Recurring financial income | 75 | €8,200 | €8,200 | = | 0.0% |
| Financial charges | 65/66B | €18 | €278 | +€260 | +1,441% |
| Recurring financial charges | 65 | €18 | €278 | +€260 | +1,441% |
| Profit (loss) for the period before taxes | 9903 | €8,306 | €16,085 | +€7,779 | +93.7% |
| Income taxes | 67/77 | €2,378 | €4,353 | +€1,975 | +83.1% |
| Profit (loss) for the period | 9904 | €5,928 | €11,732 | +€5,804 | +97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,928 | €11,732 | +€5,804 | +97.9% |
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 31 October 2026 via checked.be.