GEERT VAN LOOCK: 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 VAN LOOCK
Largest movements
- Cash -€76,173
down €76,173 (-44.0%), from €173,147 to €96,974
mainly Contributions, distributions and other (-€81,307) and Receivables within one year (-€59,380)
- Receivables within one year +€59,380
up €59,380 (+68.4%), from €86,822 to €146,202
of which Trade receivables: +€63,229
- Tangible fixed assets -€34,587
down €34,587 (-18.6%), from €185,658 to €151,071
of which Furniture and vehicles: -€20,192
- Stocks and contracts -€27,461
down €27,461 (-42.4%), from €64,735 to €37,274
of which Contracts in progress: -€28,599
- Reserves -€63,055
down €63,055 (-22.2%), from €283,887 to €220,832
of which Distributable reserves: -€63,055
- Debts after one year -€26,679
down €26,679 (-33.3%), from €80,218 to €53,539
- Current portion of long-term debt -€17,431
down €17,431 (-39.3%), from €44,403 to €26,972
- Other debts +€12,950
up €12,950 (+20.1%), from €64,292 to €77,242
- Tax, wage and social debts +€7,740
up €7,740 (+71.8%), from €10,785 to €18,525
of which Remuneration and social security: +€5,682
- Gross operating margin +€54,172
up €54,172 (+14.5%), from €373,153 to €427,325
- Staff costs +€12,809
up €12,809 (+3.9%), from €329,716 to €342,524
- Depreciation +€10,904
up €10,904 (+42.9%), from €25,417 to €36,321
- Other operating charges +€7,509
up €7,509 (+194%), from €3,863 to €11,372
- Financial charges +€6,015
up €6,015 (+226%), from €2,663 to €8,678
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 | €510,412 | €431,571 | -€78,841 | -15.4% |
| Fixed assets | 21/28 | €185,708 | €151,121 | -€34,587 | -18.6% |
| Tangible fixed assets | 22/27 | €185,658 | €151,071 | -€34,587 | -18.6% |
| Land and buildings | 22 | €4,592 | €3,812 | -€780 | -17.0% |
| Plant, machinery and equipment | 23 | €10,664 | €7,998 | -€2,666 | -25.0% |
| Furniture and vehicles | 24 | €99,245 | €79,052 | -€20,192 | -20.3% |
| Leasing and similar rights | 25 | €71,157 | €60,209 | -€10,949 | -15.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €324,704 | €280,451 | -€44,254 | -13.6% |
| Stocks and contracts in progress | 3 | €64,735 | €37,274 | -€27,461 | -42.4% |
| Stocks | 30/36 | €5,335 | €6,473 | +€1,138 | +21.3% |
| Contracts in progress | 37 | €59,400 | €30,801 | -€28,599 | -48.1% |
| Amounts receivable within one year | 40/41 | €86,822 | €146,202 | +€59,380 | +68.4% |
| Trade receivables | 40 | €67,300 | €130,528 | +€63,229 | +94.0% |
| Other amounts receivable | 41 | €19,522 | €15,674 | -€3,848 | -19.7% |
| Cash at bank and in hand | 54/58 | €173,147 | €96,974 | -€76,173 | -44.0% |
| Total equity and liabilities | 10/49 | €510,412 | €431,571 | -€78,841 | -15.4% |
| Equity | 10/15 | €303,887 | €240,832 | -€63,055 | -20.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €283,887 | €220,832 | -€63,055 | -22.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €281,887 | €218,832 | -€63,055 | -22.4% |
| Amounts payable | 17/49 | €206,525 | €190,739 | -€15,786 | -7.6% |
| Amounts payable after more than one year | 17 | €80,218 | €53,539 | -€26,679 | -33.3% |
| Financial debts | 170/4 | €80,218 | €53,539 | -€26,679 | -33.3% |
| Amounts payable within one year | 42/48 | €126,307 | €137,200 | +€10,893 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €44,403 | €26,972 | -€17,431 | -39.3% |
| Trade debts | 44 | €6,828 | €14,461 | +€7,634 | +112% |
| Suppliers | 440/4 | €6,828 | €14,461 | +€7,634 | +112% |
| Taxes, remuneration and social security | 45 | €10,785 | €18,525 | +€7,740 | +71.8% |
| Taxes | 450/3 | €3,832 | €5,891 | +€2,058 | +53.7% |
| Remuneration and social security | 454/9 | €6,952 | €12,634 | +€5,682 | +81.7% |
| Other amounts payable | 47/48 | €64,292 | €77,242 | +€12,950 | +20.1% |
| Non-recurring operating income | 76A | €7,302 | €1,000 | -€6,302 | -86.3% |
| Remuneration, social security and pensions | 62 | €329,716 | €342,524 | +€12,809 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,417 | €36,321 | +€10,904 | +42.9% |
| Other operating charges | 640/8 | €3,863 | €11,372 | +€7,509 | +194% |
| Gross operating margin | 9900 | €373,153 | €427,325 | +€54,172 | +14.5% |
| Operating profit (loss) | 9901 | €14,158 | €37,108 | +€22,951 | +162% |
| Financial income | 75/76B | €353 | €142 | -€210 | -59.7% |
| Recurring financial income | 75 | €353 | €142 | -€210 | -59.7% |
| Financial charges | 65/66B | €2,663 | €8,678 | +€6,015 | +226% |
| Recurring financial charges | 65 | €2,663 | €8,678 | +€6,015 | +226% |
| Profit (loss) for the period before taxes | 9903 | €11,847 | €28,573 | +€16,726 | +141% |
| Income taxes | 67/77 | €5,860 | €10,321 | +€4,461 | +76.1% |
| Profit (loss) for the period | 9904 | €5,987 | €18,252 | +€12,265 | +205% |
| Profit (loss) for the period to be appropriated | 9905 | €5,987 | €18,252 | +€12,265 | +205% |
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 31 October 2026 via checked.be.