Geert-s: what changed
Two fiscal 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-s
Largest movements
- Receivables within one year +€18,763
up €18,763 (+138.7%), from €13,524 to €32,286
of which Trade receivables: +€19,763
- Tangible fixed assets +€13,472
up €13,472 (+894.9%), from €1,506 to €14,978
of which Plant, machinery and equipment: +€9,651
- Cash +€7,365
up €7,365 (+20.9%), from €35,309 to €42,674
mainly Net result for the year (+€48,528) and Depreciation (+€1,376)
- Profit (loss) carried forward +€48,528
up €48,528 (+140.0%), from €34,658 to €83,186
- Tax, wage and social debts -€8,876
down €8,876 (-68.5%), from €12,960 to €4,083
- Gross operating margin +€17,618
up €17,618 (+38.0%), from €46,371 to €63,989
- Taxes +€2,621
up €2,621 (+26.4%), from €9,935 to €12,556
- Depreciation +€1,051
up €1,051 (+323.2%), from €325 to €1,376
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.
Cash bridge derived
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 | €50,446 | €90,222 | +€39,776 | +78.9% |
| Fixed assets | 21/28 | €1,506 | €14,978 | +€13,472 | +894.9% |
| Tangible fixed assets | 22/27 | €1,506 | €14,978 | +€13,472 | +894.9% |
| Plant, machinery and equipment | 23 | - | €9,651 | +€9,651 | |
| Furniture and vehicles | 24 | €1,506 | €5,327 | +€3,822 | +253.8% |
| Current assets | 29/58 | €48,940 | €75,244 | +€26,304 | +53.7% |
| Amounts receivable within one year | 40/41 | €13,524 | €32,286 | +€18,763 | +138.7% |
| Trade receivables | 40 | €12,524 | €32,286 | +€19,763 | +157.8% |
| Other amounts receivable | 41 | €1,000 | - | -€1,000 | |
| Cash at bank and in hand | 54/58 | €35,309 | €42,674 | +€7,365 | +20.9% |
| Deferred charges and accrued income | 490/1 | €108 | €284 | +€176 | +163.3% |
| Total equity and liabilities | 10/49 | €50,446 | €90,222 | +€39,776 | +78.9% |
| Equity | 10/15 | €36,658 | €85,186 | +€48,528 | +132.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,658 | €83,186 | +€48,528 | +140.0% |
| Amounts payable | 17/49 | €13,787 | €5,036 | -€8,751 | -63.5% |
| Amounts payable within one year | 42/48 | €13,787 | €5,036 | -€8,751 | -63.5% |
| Trade debts | 44 | €828 | €871 | +€43 | +5.2% |
| Suppliers | 440/4 | €828 | €871 | +€43 | +5.2% |
| Taxes, remuneration and social security | 45 | €12,960 | €4,083 | -€8,876 | -68.5% |
| Taxes | 450/3 | €12,960 | €4,083 | -€8,876 | -68.5% |
| Other amounts payable | 47/48 | - | €82 | +€82 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €325 | €1,376 | +€1,051 | +323.2% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €46,371 | €63,989 | +€17,618 | +38.0% |
| Operating profit (loss) | 9901 | €46,046 | €62,494 | +€16,448 | +35.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,453 | €1,409 | -€44 | -3.0% |
| Recurring financial charges | 65 | €1,453 | €1,409 | -€44 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €44,593 | €61,084 | +€16,491 | +37.0% |
| Income taxes | 67/77 | €9,935 | €12,556 | +€2,621 | +26.4% |
| Profit (loss) for the period | 9904 | €34,658 | €48,528 | +€13,870 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,658 | €48,528 | +€13,870 | +40.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.