Geert Laire MD: what changed
Geert Laire MD
Largest movements
- Current investments +€109,389
up €109,389 (+32.0%), from €341,400 to €450,789
- Tangible fixed assets -€15,024
down €15,024 (-24.1%), from €62,334 to €47,310
- Receivables within one year -€11,644
down €11,644 (-39.4%), from €29,570 to €17,926
of which Trade receivables: -€14,611
- Cash -€10,635
down €10,635 (-16.6%), from €63,935 to €53,300
mainly Current investments (-€109,389) and Debts after one year (-€14,870)
- Reserves +€101,204
up €101,204 (+25.2%), from €401,338 to €502,542
- Debts after one year -€14,870
down €14,870 (-30.2%), from €49,302 to €34,432
- Tax, wage and social debts -€13,330
down €13,330 (-67.0%), from €19,899 to €6,569
- Financial income +€11,481
up €11,481 (+1,386%), from €828 to €12,309
- Gross operating margin -€10,837
down €10,837 (-6.5%), from €166,379 to €155,543
- Other operating charges -€4,167
down €4,167 (-91.5%), from €4,554 to €387
- Depreciation +€2,240
up €2,240 (+17.5%), from €12,784 to €15,024
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 | €498,812 | €571,164 | +€72,351 | +14.5% |
| Fixed assets | 21/28 | €62,334 | €47,310 | -€15,024 | -24.1% |
| Tangible fixed assets | 22/27 | €62,334 | €47,310 | -€15,024 | -24.1% |
| Furniture and vehicles | 24 | €62,334 | €47,310 | -€15,024 | -24.1% |
| Current assets | 29/58 | €436,478 | €523,853 | +€87,375 | +20.0% |
| Amounts receivable within one year | 40/41 | €29,570 | €17,926 | -€11,644 | -39.4% |
| Trade receivables | 40 | €28,923 | €14,312 | -€14,611 | -50.5% |
| Other amounts receivable | 41 | €647 | €3,615 | +€2,967 | +458% |
| Current investments | 50/53 | €341,400 | €450,789 | +€109,389 | +32.0% |
| Cash at bank and in hand | 54/58 | €63,935 | €53,300 | -€10,635 | -16.6% |
| Deferred charges and accrued income | 490/1 | €1,573 | €1,838 | +€265 | +16.8% |
| Total equity and liabilities | 10/49 | €498,812 | €571,164 | +€72,351 | +14.5% |
| Equity | 10/15 | €413,738 | €514,942 | +€101,204 | +24.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €401,338 | €502,542 | +€101,204 | +25.2% |
| Distributable reserves | 133 | €401,338 | €502,542 | +€101,204 | +25.2% |
| Amounts payable | 17/49 | €85,075 | €56,222 | -€28,853 | -33.9% |
| Amounts payable after more than one year | 17 | €49,302 | €34,432 | -€14,870 | -30.2% |
| Financial debts | 170/4 | €49,302 | €34,432 | -€14,870 | -30.2% |
| Amounts payable within one year | 42/48 | €35,773 | €21,790 | -€13,983 | -39.1% |
| Current portion of amounts payable after more than one year | 42 | €14,261 | €14,870 | +€609 | +4.3% |
| Trade debts | 44 | €1,613 | €351 | -€1,262 | -78.2% |
| Suppliers | 440/4 | €1,613 | €351 | -€1,262 | -78.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €19,899 | €6,569 | -€13,330 | -67.0% |
| Taxes | 450/3 | €19,899 | €6,569 | -€13,330 | -67.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,784 | €15,024 | +€2,240 | +17.5% |
| Other operating charges | 640/8 | €4,554 | €387 | -€4,167 | -91.5% |
| Gross operating margin | 9900 | €166,379 | €155,543 | -€10,837 | -6.5% |
| Operating profit (loss) | 9901 | €149,041 | €140,132 | -€8,910 | -6.0% |
| Financial income | 75/76B | €828 | €12,309 | +€11,481 | +1,386% |
| Recurring financial income | 75 | €828 | €12,309 | +€11,481 | +1,386% |
| Financial charges | 65/66B | €2,831 | €3,161 | +€330 | +11.6% |
| Recurring financial charges | 65 | €2,831 | €3,161 | +€330 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €147,038 | €149,281 | +€2,242 | +1.5% |
| Income taxes | 67/77 | €48,122 | €48,076 | -€46 | -0.1% |
| Profit (loss) for the period | 9904 | €98,917 | €101,204 | +€2,288 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €98,917 | €101,204 | +€2,288 | +2.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.