GEERT HOSTE EXPERTISE: what changed
What changed
GEERT HOSTE EXPERTISE
NACE 66.210, Risk and damage evaluation
filed annual accounts (NBB)
Net result for the year
€100,281
2024 · €36,505+€63,776
Equity
€823,217
2024 · €883,730-€60,513
Cash
€87,229
2024 · €18,168+€69,061
Balance sheet total
€1.1m
2024 · €895,710+€197,280
Largest movements
Assets
- Tangible fixed assets +€72,001
up €72,001 (+41.0%), from €175,542 to €247,544
of which Furniture and vehicles: +€82,833
- Cash +€69,061
up €69,061 (+380%), from €18,168 to €87,229
mainly Other debts (+€160,326) and Net result for the year (+€100,281)
- Current investments +€55,015
up €55,015 (+9.4%), from €586,241 to €641,257
Equity and liabilities
- Other debts +€160,326
up €160,326 (+34,296%), from €467 to €160,794
- Reserves -€60,513
down €60,513 (-7.0%), from €862,108 to €801,595
- Debts after one year +€49,143
new in 2025: €49,143
- Current portion of long-term debt +€20,735
new in 2025: €20,735
- Tax, wage and social debts +€17,641
up €17,641 (+192%), from €9,192 to €26,833
Income statement
- Gross operating margin +€108,031
up €108,031 (+173%), from €62,271 to €170,301
- Taxes +€27,132
up €27,132 (+192%), from €14,135 to €41,266
- Depreciation +€19,077
up €19,077 (+157%), from €12,168 to €31,245
- Financial income +€5,021
up €5,021 (+176%), from €2,859 to €7,880
- Financial charges +€2,731
up €2,731 (+669%), from €408 to €3,139
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
€36,505
Gross operating margin
+€108,031
Depreciation
-€19,077
Other operating charges
-€336
Financial income
+€5,021
Financial charges
-€2,731
Taxes
-€27,132
Result 2025
€100,281
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
+€318,239
Investment
-€158,262
Financing
-€90,916
Cash 2024
€18,168
From operations (derived)
+€318,239
Net result for the year
+€100,281
Depreciation
+€31,245
Receivables within one year
-€1,760
Deferred charges and accrued income
+€557
Trade debts
+€9,932
Tax, wage and social debts
+€17,641
Other debts
+€160,326
Accrued charges and deferred income
+€15
Investment (derived)
-€158,262
Investment in fixed assets (net)
-€103,246
Current investments
-€55,015
Financing
-€90,916
Debts after one year
+€49,143
Current portion of long-term debt
+€20,735
Contributions, distributions and other
-€160,794
Cash 2025
€87,229
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €895,710 | €1,092,990 | +€197,280 | +22.0% |
| Fixed assets | 21/28 | €175,582 | €247,584 | +€72,001 | +41.0% |
| Tangible fixed assets | 22/27 | €175,542 | €247,544 | +€72,001 | +41.0% |
| Land and buildings | 22 | €138,209 | €126,512 | -€11,697 | -8.5% |
| Plant, machinery and equipment | 23 | €1,771 | €2,636 | +€865 | +48.8% |
| Furniture and vehicles | 24 | €35,563 | €118,396 | +€82,833 | +233% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €720,128 | €845,407 | +€125,278 | +17.4% |
| Amounts receivable within one year | 40/41 | €101,176 | €102,936 | +€1,760 | +1.7% |
| Trade receivables | 40 | €38,757 | €47,156 | +€8,399 | +21.7% |
| Other amounts receivable | 41 | €62,419 | €55,780 | -€6,639 | -10.6% |
| Current investments | 50/53 | €586,241 | €641,257 | +€55,015 | +9.4% |
| Cash at bank and in hand | 54/58 | €18,168 | €87,229 | +€69,061 | +380% |
| Deferred charges and accrued income | 490/1 | €14,542 | €13,985 | -€557 | -3.8% |
| Total equity and liabilities | 10/49 | €895,710 | €1,092,990 | +€197,280 | +22.0% |
| Equity | 10/15 | €883,730 | €823,217 | -€60,513 | -6.8% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €862,108 | €801,595 | -€60,513 | -7.0% |
| Distributable reserves | 133 | €862,108 | €801,595 | -€60,513 | -7.0% |
| Profit (loss) carried forward | 14 | €1,217 | €1,217 | = | 0.0% |
| Amounts payable | 17/49 | €11,980 | €269,773 | +€257,792 | +2,152% |
| Amounts payable after more than one year | 17 | - | €49,143 | +€49,143 | |
| Financial debts | 170/4 | - | €49,143 | +€49,143 | |
| Amounts payable within one year | 42/48 | €11,650 | €220,285 | +€208,634 | +1,791% |
| Current portion of amounts payable after more than one year | 42 | - | €20,735 | +€20,735 | |
| Trade debts | 44 | €1,991 | €11,923 | +€9,932 | +499% |
| Suppliers | 440/4 | €1,991 | €11,923 | +€9,932 | +499% |
| Taxes, remuneration and social security | 45 | €9,192 | €26,833 | +€17,641 | +192% |
| Taxes | 450/3 | €9,192 | €26,833 | +€17,641 | +192% |
| Other amounts payable | 47/48 | €467 | €160,794 | +€160,326 | +34,296% |
| Accrued charges and deferred income | 492/3 | €330 | €345 | +€15 | +4.7% |
| Non-recurring operating income | 76A | - | €12,217 | +€12,217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,168 | €31,245 | +€19,077 | +157% |
| Other operating charges | 640/8 | €1,913 | €2,249 | +€336 | +17.6% |
| Gross operating margin | 9900 | €62,271 | €170,301 | +€108,031 | +173% |
| Operating profit (loss) | 9901 | €48,189 | €136,807 | +€88,618 | +184% |
| Financial income | 75/76B | €2,859 | €7,880 | +€5,021 | +176% |
| Recurring financial income | 75 | €2,859 | €7,880 | +€5,021 | +176% |
| Financial charges | 65/66B | €408 | €3,139 | +€2,731 | +669% |
| Recurring financial charges | 65 | €408 | €3,139 | +€2,731 | +669% |
| Profit (loss) for the period before taxes | 9903 | €50,640 | €141,548 | +€90,908 | +180% |
| Income taxes | 67/77 | €14,135 | €41,266 | +€27,132 | +192% |
| Profit (loss) for the period | 9904 | €36,505 | €100,281 | +€63,776 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €36,505 | €100,281 | +€63,776 | +175% |
Next steps
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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 1 November 2026 via checked.be.