GEERT LABEEUW: 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 LABEEUW
Largest movements
- Receivables within one year +€11,851
up €11,851 (+278%), from €4,258 to €16,109
of which Trade receivables: +€12,258
- Tangible fixed assets -€9,969
down €9,969 (-11.1%), from €90,051 to €80,082
of which Land and buildings: -€11,125
- Current investments -€2,600
down €2,600 (-5.3%), from €49,065 to €46,465
- Profit (loss) carried forward -€4,289
down €4,289 (-19.0%), from -€22,624 to -€26,913
- Other debts +€4,094
up €4,094 (+4.7%), from €86,510 to €90,604
- Gross operating margin +€9,169
up €9,169 (+769%), from €1,192 to €10,362
- Financial charges +€1,149
up €1,149 (+284%), from €404 to €1,553
- Financial income +€425
up €425 (+161%), from €264 to €689
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 | €144,657 | €144,236 | -€421 | -0.3% |
| Fixed assets | 21/28 | €90,051 | €80,082 | -€9,969 | -11.1% |
| Tangible fixed assets | 22/27 | €90,051 | €80,082 | -€9,969 | -11.1% |
| Land and buildings | 22 | €90,051 | €78,926 | -€11,125 | -12.4% |
| Furniture and vehicles | 24 | - | €1,156 | +€1,156 | |
| Current assets | 29/58 | €54,605 | €64,153 | +€9,548 | +17.5% |
| Stocks and contracts in progress | 3 | €485 | €501 | +€16 | +3.3% |
| Stocks | 30/36 | €485 | €501 | +€16 | +3.3% |
| Amounts receivable within one year | 40/41 | €4,258 | €16,109 | +€11,851 | +278% |
| Trade receivables | 40 | €3,642 | €15,900 | +€12,258 | +337% |
| Other amounts receivable | 41 | €616 | €209 | -€407 | -66.1% |
| Current investments | 50/53 | €49,065 | €46,465 | -€2,600 | -5.3% |
| Cash at bank and in hand | 54/58 | €15 | €296 | +€281 | +1,874% |
| Deferred charges and accrued income | 490/1 | €782 | €782 | = | 0.0% |
| Total equity and liabilities | 10/49 | €144,657 | €144,236 | -€421 | -0.3% |
| Equity | 10/15 | €54,384 | €50,095 | -€4,289 | -7.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €58,008 | €58,008 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €56,108 | €56,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,624 | -€26,913 | -€4,289 | -19.0% |
| Amounts payable | 17/49 | €90,272 | €94,141 | +€3,869 | +4.3% |
| Amounts payable within one year | 42/48 | €90,272 | €93,141 | +€2,869 | +3.2% |
| Trade debts | 44 | €3,047 | €1,953 | -€1,095 | -35.9% |
| Suppliers | 440/4 | €3,047 | €1,953 | -€1,095 | -35.9% |
| Taxes, remuneration and social security | 45 | €716 | €584 | -€131 | -18.3% |
| Taxes | 450/3 | €716 | €584 | -€131 | -18.3% |
| Other amounts payable | 47/48 | €86,510 | €90,604 | +€4,094 | +4.7% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,125 | €11,191 | +€66 | +0.6% |
| Other operating charges | 640/8 | €2,261 | €2,324 | +€63 | +2.8% |
| Gross operating margin | 9900 | €1,192 | €10,362 | +€9,169 | +769% |
| Operating profit (loss) | 9901 | -€12,194 | -€3,153 | +€9,041 | +74.1% |
| Financial income | 75/76B | €264 | €689 | +€425 | +161% |
| Recurring financial income | 75 | €264 | €689 | +€425 | +161% |
| Financial charges | 65/66B | €404 | €1,553 | +€1,149 | +284% |
| Recurring financial charges | 65 | €404 | €1,553 | +€1,149 | +284% |
| Profit (loss) for the period before taxes | 9903 | -€12,334 | -€4,017 | +€8,317 | +67.4% |
| Income taxes | 67/77 | €237 | €272 | +€36 | +15.0% |
| Profit (loss) for the period | 9904 | -€12,571 | -€4,289 | +€8,281 | +65.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,571 | -€4,289 | +€8,281 | +65.9% |
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 22 October 2026 via checked.be.