GEERT DEBAETSELIER: what changed
What changed
GEERT DEBAETSELIER
NACE 53.200, Other postal and courier activities
filed annual accounts (NBB)
Net result for the year
€95,591
2024 · -€45,932+€141,523
Equity
€495,758
2024 · €400,168+€95,591
Cash
€108,156
2024 · €62,198+€45,958
Balance sheet total
€1.3m
2024 · €1.3m+€8,698
Largest movements
Assets
- Cash +€45,958
up €45,958 (+73.9%), from €62,198 to €108,156
mainly Net result for the year (+€95,591) and Depreciation (+€65,554)
- Receivables within one year -€28,975
down €28,975 (-6.5%), from €446,726 to €417,751
of which Trade receivables: -€15,300
- Tangible fixed assets -€20,841
down €20,841 (-3.0%), from €685,393 to €664,552
of which Land and buildings: -€28,616
Equity and liabilities
- Reserves +€95,591
up €95,591 (+25.1%), from €381,568 to €477,158
- Tax, wage and social debts -€34,293
down €34,293 (-24.7%), from €138,695 to €104,403
of which Taxes: -€36,215
- Other debts -€27,207
down €27,207 (-49.6%), from €54,816 to €27,609
- Debts after one year -€25,291
down €25,291 (-5.1%), from €493,770 to €468,479
Income statement
- Gross operating margin +€285,653
up €285,653 (+58.9%), from €485,330 to €770,983
- Staff costs +€112,590
up €112,590 (+24.9%), from €452,735 to €565,325
- Taxes +€18,288
up €18,288 (+10,004%), from €183 to €18,471
- Depreciation +€12,022
up €12,022 (+22.5%), from €53,532 to €65,554
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.
Result 2024
-€45,932
Gross operating margin
+€285,653
Staff costs
-€112,590
Depreciation
-€12,022
Other operating charges
+€5,628
Financial income
-€380
Financial charges
-€6,478
Taxes
-€18,288
Result 2025
€95,591
raises the resultlowers the result
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.
From operations
+€137,206
Investment
-€56,719
Financing
-€34,529
Cash 2024
€62,198
From operations (derived)
+€137,206
Net result for the year
+€95,591
Depreciation
+€65,554
Receivables within one year
+€28,975
Deferred charges and accrued income
-€549
Trade debts
+€9,455
Tax, wage and social debts
-€34,293
Other debts
-€27,207
Accrued charges and deferred income
-€320
Investment (derived)
-€56,719
Investment in fixed assets (net)
-€44,983
Current investments
-€11,736
Financing
-€34,529
Debts after one year
-€25,291
Current portion of long-term debt
-€9,238
Cash 2025
€108,156
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,278,566 | €1,287,263 | +€8,698 | +0.7% |
| Fixed assets | 21/28 | €687,478 | €666,907 | -€20,571 | -3.0% |
| Tangible fixed assets | 22/27 | €685,393 | €664,552 | -€20,841 | -3.0% |
| Land and buildings | 22 | €604,020 | €575,403 | -€28,616 | -4.7% |
| Plant, machinery and equipment | 23 | €2,961 | €4,471 | +€1,510 | +51.0% |
| Furniture and vehicles | 24 | €78,412 | €84,678 | +€6,266 | +8.0% |
| Financial fixed assets | 28 | €2,085 | €2,355 | +€270 | +12.9% |
| Current assets | 29/58 | €591,088 | €620,356 | +€29,268 | +5.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €446,726 | €417,751 | -€28,975 | -6.5% |
| Trade receivables | 40 | €416,078 | €400,777 | -€15,300 | -3.7% |
| Other amounts receivable | 41 | €30,648 | €16,974 | -€13,674 | -44.6% |
| Current investments | 50/53 | €79,793 | €91,529 | +€11,736 | +14.7% |
| Cash at bank and in hand | 54/58 | €62,198 | €108,156 | +€45,958 | +73.9% |
| Deferred charges and accrued income | 490/1 | €2,371 | €2,921 | +€549 | +23.2% |
| Total equity and liabilities | 10/49 | €1,278,566 | €1,287,263 | +€8,698 | +0.7% |
| Equity | 10/15 | €400,168 | €495,758 | +€95,591 | +23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €381,568 | €477,158 | +€95,591 | +25.1% |
| Distributable reserves | 133 | €381,568 | €477,158 | +€95,591 | +25.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €878,398 | €791,505 | -€86,893 | -9.9% |
| Amounts payable after more than one year | 17 | €493,770 | €468,479 | -€25,291 | -5.1% |
| Financial debts | 170/4 | €493,770 | €468,479 | -€25,291 | -5.1% |
| Amounts payable within one year | 42/48 | €384,309 | €323,026 | -€61,282 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €34,529 | €25,291 | -€9,238 | -26.8% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €156,268 | €165,723 | +€9,455 | +6.1% |
| Suppliers | 440/4 | €156,268 | €165,723 | +€9,455 | +6.1% |
| Taxes, remuneration and social security | 45 | €138,695 | €104,403 | -€34,293 | -24.7% |
| Taxes | 450/3 | €114,571 | €78,356 | -€36,215 | -31.6% |
| Remuneration and social security | 454/9 | €24,125 | €26,047 | +€1,922 | +8.0% |
| Other amounts payable | 47/48 | €54,816 | €27,609 | -€27,207 | -49.6% |
| Accrued charges and deferred income | 492/3 | €320 | €0 | -€320 | -100% |
| Remuneration, social security and pensions | 62 | €452,735 | €565,325 | +€112,590 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,532 | €65,554 | +€12,022 | +22.5% |
| Other operating charges | 640/8 | €10,431 | €4,803 | -€5,628 | -54.0% |
| Gross operating margin | 9900 | €485,330 | €770,983 | +€285,653 | +58.9% |
| Operating profit (loss) | 9901 | -€31,368 | €135,301 | +€166,669 | |
| Financial income | 75/76B | €2,427 | €2,047 | -€380 | -15.7% |
| Recurring financial income | 75 | €2,427 | €2,047 | -€380 | -15.7% |
| Financial charges | 65/66B | €16,809 | €23,287 | +€6,478 | +38.5% |
| Recurring financial charges | 65 | €16,809 | €23,287 | +€6,478 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | -€45,749 | €114,061 | +€159,811 | |
| Income taxes | 67/77 | €183 | €18,471 | +€18,288 | +10,004% |
| Profit (loss) for the period | 9904 | -€45,932 | €95,591 | +€141,523 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,932 | €95,591 | +€141,523 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.