Geert Geukens: what changed
What changed
Geert Geukens
NACE 25.940, Manufacture of fabricated metal products, except machinery and equipment
filed annual accounts (NBB)
Net result for the year
€1,727
2024 · €43,556-€41,829
Equity
€269,087
2024 · €267,360+€1,727
Cash
€213,935
2024 · €274,173-€60,238
Balance sheet total
€269,255
2024 · €303,735-€34,480
Largest movements
Assets
- Cash -€60,238
down €60,238 (-22.0%), from €274,173 to €213,935
mainly Other debts (-€32,671) and Stocks and contracts (-€20,000)
- Stocks and contracts +€20,000
up €20,000, from €0 to €20,000
of which Contracts in progress: +€20,000
- Receivables within one year +€3,452
up €3,452 (+714%), from €484 to €3,936
Equity and liabilities
- Other debts -€32,671
down €32,671 (-99.5%), from €32,821 to €150
- Trade debts -€3,427
no longer reported in 2025 (was €3,427)
Income statement
- Gross operating margin -€46,162
down €46,162 (-94.5%), from €48,837 to €2,675
- Other operating charges -€2,923
down €2,923 (-69.2%), from €4,227 to €1,304
- Staff costs -€2,134
no longer reported in 2025 (was €2,134)
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
€43,556
Gross operating margin
-€46,162
Staff costs
+€2,134
Depreciation
-€293
Other operating charges
+€2,923
Financial income
-€455
Financial charges
-€96
Taxes
+€120
Result 2025
€1,727
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
-€57,639
Investment
-€2,599
Financing
€0
Cash 2024
€274,173
From operations (derived)
-€57,639
Net result for the year
+€1,727
Depreciation
+€293
Stocks and contracts
-€20,000
Receivables within one year
-€3,452
Trade debts
-€3,427
Tax, wage and social debts
-€109
Other debts
-€32,671
Investment (derived)
-€2,599
Investment in fixed assets (net)
-€2,599
Cash 2025
€213,935
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €303,735 | €269,255 | -€34,480 | -11.4% |
| Fixed assets | 21/28 | €29,079 | €31,385 | +€2,306 | +7.9% |
| Tangible fixed assets | 22/27 | €29,079 | €31,385 | +€2,306 | +7.9% |
| Land and buildings | 22 | €29,079 | €29,079 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €2,306 | +€2,306 | |
| Current assets | 29/58 | €274,656 | €237,871 | -€36,786 | -13.4% |
| Stocks and contracts in progress | 3 | €0 | €20,000 | +€20,000 | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €484 | €3,936 | +€3,452 | +714% |
| Other amounts receivable | 41 | €484 | €3,936 | +€3,452 | +714% |
| Cash at bank and in hand | 54/58 | €274,173 | €213,935 | -€60,238 | -22.0% |
| Total equity and liabilities | 10/49 | €303,735 | €269,255 | -€34,480 | -11.4% |
| Equity | 10/15 | €267,360 | €269,087 | +€1,727 | +0.6% |
| Contributions | 10/11 | €26,029 | €26,029 | = | 0.0% |
| Capital | 10 | €0 | - | = | |
| Issued capital | 100 | €0 | - | = | |
| Contributions outside capital | 11 | €26,029 | - | -€26,029 | |
| Other | 1109/19 | €26,029 | - | -€26,029 | |
| Reserves | 13 | €360,485 | €360,485 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,603 | €2,603 | = | 0.0% |
| Legal reserve | 130 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €2,603 | €2,603 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,234 | €34,234 | = | 0.0% |
| Distributable reserves | 133 | €323,648 | €323,648 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,153 | -€117,426 | +€1,727 | +1.4% |
| Amounts payable | 17/49 | €36,375 | €168 | -€36,207 | -99.5% |
| Amounts payable within one year | 42/48 | €36,375 | €168 | -€36,207 | -99.5% |
| Trade debts | 44 | €3,427 | - | -€3,427 | |
| Suppliers | 440/4 | €3,427 | - | -€3,427 | |
| Taxes, remuneration and social security | 45 | €127 | €18 | -€109 | -85.6% |
| Taxes | 450/3 | €127 | €18 | -€109 | -85.6% |
| Other amounts payable | 47/48 | €32,821 | €150 | -€32,671 | -99.5% |
| Non-recurring operating income | 76A | €8,930 | - | -€8,930 | |
| Remuneration, social security and pensions | 62 | €2,134 | - | -€2,134 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €293 | +€293 | |
| Other operating charges | 640/8 | €4,227 | €1,304 | -€2,923 | -69.2% |
| Gross operating margin | 9900 | €48,837 | €2,675 | -€46,162 | -94.5% |
| Operating profit (loss) | 9901 | €42,476 | €1,078 | -€41,398 | -97.5% |
| Financial income | 75/76B | €1,612 | €1,157 | -€455 | -28.2% |
| Recurring financial income | 75 | €1,612 | €1,157 | -€455 | -28.2% |
| Financial charges | 65/66B | €532 | €628 | +€96 | +18.0% |
| Recurring financial charges | 65 | €532 | €628 | +€96 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €43,556 | €1,607 | -€41,949 | -96.3% |
| Income taxes | 67/77 | €0 | -€120 | -€120 | |
| Profit (loss) for the period | 9904 | €43,556 | €1,727 | -€41,829 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,556 | €1,727 | -€41,829 | -96.0% |
Next steps
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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 4 November 2026 via checked.be.