GEERT STOFFELEN: 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 STOFFELEN
Largest movements
- Receivables within one year -€1,995
down €1,995 (-8.2%), from €24,285 to €22,290
of which Trade receivables: -€2,203
- Cash -€1,180
down €1,180 (-6.2%), from €19,088 to €17,908
mainly Net result for the year (-€2,410) and Trade debts (-€1,316)
- Reserves -€2,410
down €2,410 (-8.4%), from €28,613 to €26,203
of which Distributable reserves: -€2,410
- Trade debts -€1,316
down €1,316 (-56.5%), from €2,330 to €1,014
- Tax, wage and social debts +€880
up €880 (+2,909%), from €30 to €910
- Gross operating margin -€2,709
down €2,709, from €1,607 to -€1,103
- Taxes -€489
down €489 (-66.2%), from €738 to €250
- Other operating charges -€49
down €49 (-4.8%), from €1,030 to €981
- Financial income -€40
no longer reported in 2025 (was €40)
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 | €43,373 | €40,527 | -€2,846 | -6.6% |
| Current assets | 29/58 | €43,373 | €40,527 | -€2,846 | -6.6% |
| Amounts receivable within one year | 40/41 | €24,285 | €22,290 | -€1,995 | -8.2% |
| Trade receivables | 40 | €3,139 | €936 | -€2,203 | -70.2% |
| Other amounts receivable | 41 | €21,146 | €21,355 | +€208 | +1.0% |
| Cash at bank and in hand | 54/58 | €19,088 | €17,908 | -€1,180 | -6.2% |
| Deferred charges and accrued income | 490/1 | - | €329 | +€329 | |
| Total equity and liabilities | 10/49 | €43,373 | €40,527 | -€2,846 | -6.6% |
| Equity | 10/15 | €41,013 | €38,603 | -€2,410 | -5.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €28,613 | €26,203 | -€2,410 | -8.4% |
| Tax-exempt reserves | 132 | €9,468 | €9,468 | = | 0.0% |
| Distributable reserves | 133 | €19,145 | €16,736 | -€2,410 | -12.6% |
| Amounts payable | 17/49 | €2,360 | €1,924 | -€436 | -18.5% |
| Amounts payable within one year | 42/48 | €2,360 | €1,924 | -€436 | -18.5% |
| Trade debts | 44 | €2,330 | €1,014 | -€1,316 | -56.5% |
| Suppliers | 440/4 | €2,330 | €1,014 | -€1,316 | -56.5% |
| Taxes, remuneration and social security | 45 | €30 | €910 | +€880 | +2,909% |
| Taxes | 450/3 | €30 | €910 | +€880 | +2,909% |
| Other operating charges | 640/8 | €1,030 | €981 | -€49 | -4.8% |
| Gross operating margin | 9900 | €1,607 | -€1,103 | -€2,709 | |
| Operating profit (loss) | 9901 | €576 | -€2,084 | -€2,660 | |
| Financial income | 75/76B | €40 | - | -€40 | |
| Recurring financial income | 75 | €40 | - | -€40 | |
| Financial charges | 65/66B | €69 | €76 | +€7 | +10.0% |
| Recurring financial charges | 65 | €69 | €76 | +€7 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €547 | -€2,160 | -€2,707 | |
| Income taxes | 67/77 | €738 | €250 | -€489 | -66.2% |
| Profit (loss) for the period | 9904 | -€191 | -€2,410 | -€2,218 | -1,159% |
| Profit (loss) for the period to be appropriated | 9905 | -€191 | -€2,410 | -€2,218 | -1,159% |
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 1 November 2026 via checked.be.