GEERT DE WILDE: what changed
GEERT DE WILDE
Largest movements
- Tangible fixed assets -€539,890
down €539,890 (-95.2%), from €567,169 to €27,279
of which Land and buildings: -€515,455
- Receivables within one year +€298,290
up €298,290 (+80.4%), from €370,851 to €669,142
of which Other amounts receivable: +€295,574
- Cash +€124,717
up €124,717 (+190%), from €65,700 to €190,418
mainly Investment in fixed assets (net) (+€538,165) and Net result for the year (+€170,875)
- Deferred charges and accrued income -€17,443
down €17,443 (-73.9%), from €23,602 to €6,159
- Debts after one year -€266,466
down €266,466 (-100%), from €266,466 to €0
- Reserves +€169,209
up €169,209 (+28.2%), from €599,093 to €768,302
of which Distributable reserves: +€169,209
- Current portion of long-term debt -€26,438
down €26,438 (-100%), from €26,438 to €0
- Gross operating margin +€223,675
up €223,675 (+383%), from €58,403 to €282,078
- Taxes +€73,882
up €73,882 (+2,875%), from €2,570 to €76,452
- Staff costs -€12,452
down €12,452 (-22.6%), from €55,043 to €42,591
- Financial charges -€5,644
down €5,644 (-27.3%), from €20,666 to €15,022
- Other operating charges -€4,634
down €4,634 (-74.8%), from €6,199 to €1,565
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 | €1,027,342 | €893,016 | -€134,326 | -13.1% |
| Fixed assets | 21/28 | €567,188 | €27,298 | -€539,890 | -95.2% |
| Tangible fixed assets | 22/27 | €567,169 | €27,279 | -€539,890 | -95.2% |
| Land and buildings | 22 | €521,027 | €5,573 | -€515,455 | -98.9% |
| Plant, machinery and equipment | 23 | €3,372 | €0 | -€3,372 | -100% |
| Furniture and vehicles | 24 | €42,770 | €21,707 | -€21,063 | -49.2% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €460,154 | €865,718 | +€405,564 | +88.1% |
| Amounts receivable within one year | 40/41 | €370,851 | €669,142 | +€298,290 | +80.4% |
| Trade receivables | 40 | €3,603 | €6,319 | +€2,716 | +75.4% |
| Other amounts receivable | 41 | €367,248 | €662,822 | +€295,574 | +80.5% |
| Cash at bank and in hand | 54/58 | €65,700 | €190,418 | +€124,717 | +190% |
| Deferred charges and accrued income | 490/1 | €23,602 | €6,159 | -€17,443 | -73.9% |
| Total equity and liabilities | 10/49 | €1,027,342 | €893,016 | -€134,326 | -13.1% |
| Equity | 10/15 | €710,802 | €880,012 | +€169,209 | +23.8% |
| Contributions | 10/11 | €238,600 | €238,600 | = | 0.0% |
| Reserves | 13 | €599,093 | €768,302 | +€169,209 | +28.2% |
| Tax-exempt reserves | 132 | €74,765 | €74,765 | = | 0.0% |
| Distributable reserves | 133 | €524,329 | €693,538 | +€169,209 | +32.3% |
| Profit (loss) carried forward | 14 | -€126,891 | -€126,891 | = | 0.0% |
| Amounts payable | 17/49 | €316,539 | €13,004 | -€303,535 | -95.9% |
| Amounts payable after more than one year | 17 | €266,466 | €0 | -€266,466 | -100% |
| Financial debts | 170/4 | €266,466 | €0 | -€266,466 | -100% |
| Amounts payable within one year | 42/48 | €50,073 | €13,004 | -€37,069 | -74.0% |
| Current portion of amounts payable after more than one year | 42 | €26,438 | €0 | -€26,438 | -100% |
| Financial debts | 43 | €341 | €38 | -€303 | -88.7% |
| Credit institutions | 430/8 | €341 | €38 | -€303 | -88.7% |
| Trade debts | 44 | €4,094 | €1,335 | -€2,759 | -67.4% |
| Suppliers | 440/4 | €4,094 | €1,335 | -€2,759 | -67.4% |
| Taxes, remuneration and social security | 45 | €19,200 | €10,464 | -€8,736 | -45.5% |
| Taxes | 450/3 | €6,460 | €4,060 | -€2,400 | -37.2% |
| Remuneration and social security | 454/9 | €12,740 | €6,404 | -€6,336 | -49.7% |
| Other amounts payable | 47/48 | - | €1,166 | +€1,166 | |
| Non-recurring operating income | 76A | €52,441 | €356,835 | +€304,394 | +580% |
| Remuneration, social security and pensions | 62 | €55,043 | €42,591 | -€12,452 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,365 | €1,725 | -€1,640 | -48.7% |
| Other operating charges | 640/8 | €6,199 | €1,565 | -€4,634 | -74.8% |
| Gross operating margin | 9900 | €58,403 | €282,078 | +€223,675 | +383% |
| Operating profit (loss) | 9901 | -€6,205 | €236,197 | +€242,402 | |
| Financial income | 75/76B | €23,014 | €26,152 | +€3,137 | +13.6% |
| Recurring financial income | 75 | €23,014 | €26,152 | +€3,137 | +13.6% |
| Financial charges | 65/66B | €20,666 | €15,022 | -€5,644 | -27.3% |
| Recurring financial charges | 65 | €20,666 | €15,022 | -€5,644 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,857 | €247,327 | +€251,184 | |
| Income taxes | 67/77 | €2,570 | €76,452 | +€73,882 | +2,875% |
| Profit (loss) for the period | 9904 | -€6,426 | €170,875 | +€177,302 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,426 | €170,875 | +€177,302 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.