GEERT NEVEJANS: what changed
GEERT NEVEJANS
Largest movements
- Tangible fixed assets +€30,234
up €30,234 (+253%), from €11,945 to €42,179
of which Furniture and vehicles: +€30,751
- Current investments +€25,243
new in 2025: €25,243
- Cash -€14,760
down €14,760 (-25.6%), from €57,616 to €42,856
mainly Investment in fixed assets (net) (-€35,524) and Current investments (-€25,243)
- Receivables within one year -€14,124
down €14,124 (-69.3%), from €20,388 to €6,264
of which Trade receivables: -€18,498
- Deferred charges and accrued income +€2,935
up €2,935 (+105%), from €2,785 to €5,720
- Debts after one year +€25,132
new in 2025: €25,132
- Current portion of long-term debt +€6,032
new in 2025: €6,032
- Tax, wage and social debts -€3,737
no longer reported in 2025 (was €3,737)
- Reserves +€1,240
up €1,240 (+2.2%), from €56,440 to €57,680
of which Distributable reserves: +€1,240
- Gross operating margin -€6,831
down €6,831 (-47.7%), from €14,324 to €7,493
- Financial income +€2,051
up €2,051 (+1,344%), from €153 to €2,204
- Taxes -€1,986
down €1,986 (-71.7%), from €2,771 to €785
- Depreciation +€1,860
up €1,860 (+54.2%), from €3,430 to €5,290
- Financial charges +€965
up €965 (+555%), from €174 to €1,139
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.
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 | €93,234 | €122,762 | +€29,528 | +31.7% |
| Fixed assets | 21/28 | €12,445 | €42,679 | +€30,234 | +243% |
| Tangible fixed assets | 22/27 | €11,945 | €42,179 | +€30,234 | +253% |
| Land and buildings | 22 | €4,398 | €3,950 | -€448 | -10.2% |
| Plant, machinery and equipment | 23 | €174 | €105 | -€69 | -39.5% |
| Furniture and vehicles | 24 | €7,373 | €38,124 | +€30,751 | +417% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €80,789 | €80,083 | -€706 | -0.9% |
| Amounts receivable within one year | 40/41 | €20,388 | €6,264 | -€14,124 | -69.3% |
| Trade receivables | 40 | €18,498 | - | -€18,498 | |
| Other amounts receivable | 41 | €1,890 | €6,264 | +€4,374 | +231% |
| Current investments | 50/53 | - | €25,243 | +€25,243 | |
| Cash at bank and in hand | 54/58 | €57,616 | €42,856 | -€14,760 | -25.6% |
| Deferred charges and accrued income | 490/1 | €2,785 | €5,720 | +€2,935 | +105% |
| Total equity and liabilities | 10/49 | €93,234 | €122,762 | +€29,528 | +31.7% |
| Equity | 10/15 | €88,322 | €89,570 | +€1,248 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,440 | €57,680 | +€1,240 | +2.2% |
| Tax-exempt reserves | 132 | €362 | €363 | +€1 | +0.2% |
| Distributable reserves | 133 | €56,077 | €57,317 | +€1,240 | +2.2% |
| Profit (loss) carried forward | 14 | €13,282 | €13,290 | +€8 | +0.1% |
| Amounts payable | 17/49 | €4,912 | €33,192 | +€28,280 | +576% |
| Amounts payable after more than one year | 17 | - | €25,132 | +€25,132 | |
| Financial debts | 170/4 | - | €25,132 | +€25,132 | |
| Amounts payable within one year | 42/48 | €4,796 | €7,943 | +€3,147 | +65.6% |
| Current portion of amounts payable after more than one year | 42 | - | €6,032 | +€6,032 | |
| Trade debts | 44 | €1,059 | €1,364 | +€305 | +28.8% |
| Suppliers | 440/4 | €1,059 | €1,364 | +€305 | +28.8% |
| Taxes, remuneration and social security | 45 | €3,737 | - | -€3,737 | |
| Taxes | 450/3 | €3,737 | - | -€3,737 | |
| Other amounts payable | 47/48 | - | €547 | +€547 | |
| Accrued charges and deferred income | 492/3 | €117 | €117 | +€0 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,430 | €5,290 | +€1,860 | +54.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€18 | -€18 | -€0 | -1.9% |
| Other operating charges | 640/8 | €1,041 | €1,253 | +€212 | +20.4% |
| Gross operating margin | 9900 | €14,324 | €7,493 | -€6,831 | -47.7% |
| Operating profit (loss) | 9901 | €9,870 | €968 | -€8,902 | -90.2% |
| Financial income | 75/76B | €153 | €2,204 | +€2,051 | +1,344% |
| Recurring financial income | 75 | €153 | €2,204 | +€2,051 | +1,344% |
| Financial charges | 65/66B | €174 | €1,139 | +€965 | +555% |
| Recurring financial charges | 65 | €174 | €1,139 | +€965 | +555% |
| Profit (loss) for the period before taxes | 9903 | €9,849 | €2,033 | -€7,816 | -79.4% |
| Income taxes | 67/77 | €2,771 | €785 | -€1,986 | -71.7% |
| Profit (loss) for the period | 9904 | €7,078 | €1,248 | -€5,830 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,078 | €1,248 | -€5,830 | -82.4% |
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 3 November 2026 via checked.be.