GEERT TAECKENS: what changed
GEERT TAECKENS
Largest movements
- Cash -€18,388
down €18,388 (-35.7%), from €51,493 to €33,105
mainly Net result for the year (-€21,549) and Investment in fixed assets (net) (-€13,963)
- Tangible fixed assets -€3,969
down €3,969 (-7.6%), from €52,354 to €48,384
of which Plant, machinery and equipment: -€7,730
- Receivables within one year -€2,280
down €2,280 (-53.4%), from €4,273 to €1,993
of which Trade receivables: -€1,471
- Reserves -€21,549
down €21,549 (-31.6%), from €68,297 to €46,749
- Gross operating margin -€24,085
down €24,085, from €22,897 to -€1,187
- Taxes -€2,266
down €2,266 (-97.6%), from €2,321 to €56
- Financial income +€1,022
new in 2025: €1,022
- Depreciation -€471
down €471 (-2.6%), from €18,404 to €17,933
- Other operating charges +€277
up €277 (+34.2%), from €810 to €1,087
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 | €139,783 | €116,859 | -€22,924 | -16.4% |
| Fixed assets | 21/28 | €52,354 | €48,385 | -€3,970 | -7.6% |
| Intangible fixed assets | 21 | €1 | €0 | -€0 | -30.8% |
| Tangible fixed assets | 22/27 | €52,354 | €48,384 | -€3,969 | -7.6% |
| Plant, machinery and equipment | 23 | €20,721 | €12,991 | -€7,730 | -37.3% |
| Furniture and vehicles | 24 | €31,633 | €35,393 | +€3,761 | +11.9% |
| Current assets | 29/58 | €87,429 | €68,475 | -€18,954 | -21.7% |
| Amounts receivable within one year | 40/41 | €4,273 | €1,993 | -€2,280 | -53.4% |
| Trade receivables | 40 | €3,020 | €1,549 | -€1,471 | -48.7% |
| Other amounts receivable | 41 | €1,253 | €444 | -€809 | -64.5% |
| Current investments | 50/53 | €30,073 | €31,096 | +€1,022 | +3.4% |
| Cash at bank and in hand | 54/58 | €51,493 | €33,105 | -€18,388 | -35.7% |
| Deferred charges and accrued income | 490/1 | €1,589 | €2,280 | +€691 | +43.5% |
| Total equity and liabilities | 10/49 | €139,783 | €116,859 | -€22,924 | -16.4% |
| Equity | 10/15 | €103,002 | €81,454 | -€21,549 | -20.9% |
| Contributions | 10/11 | €34,705 | €34,705 | = | 0.0% |
| Reserves | 13 | €68,297 | €46,749 | -€21,549 | -31.6% |
| Distributable reserves | 133 | €68,297 | €46,749 | -€21,549 | -31.6% |
| Amounts payable | 17/49 | €36,781 | €35,405 | -€1,375 | -3.7% |
| Amounts payable within one year | 42/48 | €36,781 | €35,405 | -€1,375 | -3.7% |
| Trade debts | 44 | €1,625 | €400 | -€1,226 | -75.4% |
| Suppliers | 440/4 | €1,625 | €400 | -€1,226 | -75.4% |
| Taxes, remuneration and social security | 45 | €411 | €457 | +€46 | +11.2% |
| Taxes | 450/3 | €411 | €457 | +€46 | +11.2% |
| Other amounts payable | 47/48 | €34,744 | €34,548 | -€196 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,404 | €17,933 | -€471 | -2.6% |
| Other operating charges | 640/8 | €810 | €1,087 | +€277 | +34.2% |
| Gross operating margin | 9900 | €22,897 | -€1,187 | -€24,085 | |
| Operating profit (loss) | 9901 | €3,684 | -€20,207 | -€23,891 | |
| Financial income | 75/76B | - | €1,022 | +€1,022 | |
| Recurring financial income | 75 | - | €1,022 | +€1,022 | |
| Financial charges | 65/66B | €2,435 | €2,308 | -€127 | -5.2% |
| Recurring financial charges | 65 | €2,435 | €2,308 | -€127 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €1,248 | -€21,493 | -€22,741 | |
| Income taxes | 67/77 | €2,321 | €56 | -€2,266 | -97.6% |
| Profit (loss) for the period | 9904 | -€1,073 | -€21,549 | -€20,476 | -1,908% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,073 | -€21,549 | -€20,476 | -1,908% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.