GEERT VANOVERBEKE: what changed
GEERT VANOVERBEKE
Largest movements
- Receivables within one year +€7,582
up €7,582 (+41.1%), from €18,447 to €26,030
of which Trade receivables: +€10,048
- Tangible fixed assets -€6,179
down €6,179 (-26.9%), from €23,011 to €16,832
of which Furniture and vehicles: -€5,145
- Cash +€5,619
up €5,619 (+12.4%), from €45,364 to €50,982
mainly Net result for the year (+€13,008) and Depreciation (+€6,179)
- Reserves +€11,342
up €11,342 (+18.8%), from €60,313 to €71,655
- Debts after one year -€5,719
down €5,719 (-45.1%), from €12,673 to €6,954
- Tax, wage and social debts +€2,242
up €2,242, from €0 to €2,242
of which Taxes: +€2,242
- Other debts -€1,052
down €1,052 (-38.7%), from €2,718 to €1,666
- Gross operating margin +€25,742
up €25,742, from -€2,296 to €23,445
- Write-downs -€11,192
down €11,192 (-100%), from €11,192 to €0
- Taxes +€1,332
up €1,332 (+500%), from €267 to €1,599
- Other operating charges +€517
up €517 (+39.9%), from €1,297 to €1,814
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 | €87,786 | €94,857 | +€7,071 | +8.1% |
| Fixed assets | 21/28 | €23,011 | €16,832 | -€6,179 | -26.9% |
| Tangible fixed assets | 22/27 | €23,011 | €16,832 | -€6,179 | -26.9% |
| Plant, machinery and equipment | 23 | €1,690 | €955 | -€735 | -43.5% |
| Furniture and vehicles | 24 | €19,347 | €14,202 | -€5,145 | -26.6% |
| Other tangible fixed assets | 26 | €1,974 | €1,675 | -€299 | -15.2% |
| Current assets | 29/58 | €64,775 | €78,025 | +€13,250 | +20.5% |
| Amounts receivable within one year | 40/41 | €18,447 | €26,030 | +€7,582 | +41.1% |
| Trade receivables | 40 | €13,385 | €23,434 | +€10,048 | +75.1% |
| Other amounts receivable | 41 | €5,062 | €2,596 | -€2,466 | -48.7% |
| Cash at bank and in hand | 54/58 | €45,364 | €50,982 | +€5,619 | +12.4% |
| Deferred charges and accrued income | 490/1 | €964 | €1,013 | +€49 | +5.1% |
| Total equity and liabilities | 10/49 | €87,786 | €94,857 | +€7,071 | +8.1% |
| Equity | 10/15 | €66,513 | €77,855 | +€11,342 | +17.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €60,313 | €71,655 | +€11,342 | +18.8% |
| Distributable reserves | 133 | €60,313 | €71,655 | +€11,342 | +18.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,273 | €17,001 | -€4,271 | -20.1% |
| Amounts payable after more than one year | 17 | €12,673 | €6,954 | -€5,719 | -45.1% |
| Financial debts | 170/4 | €12,673 | €6,954 | -€5,719 | -45.1% |
| Amounts payable within one year | 42/48 | €8,599 | €10,047 | +€1,448 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €5,505 | €5,719 | +€214 | +3.9% |
| Trade debts | 44 | €377 | €421 | +€44 | +11.6% |
| Suppliers | 440/4 | €377 | €421 | +€44 | +11.6% |
| Taxes, remuneration and social security | 45 | €0 | €2,242 | +€2,242 | |
| Taxes | 450/3 | €0 | €2,242 | +€2,242 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,718 | €1,666 | -€1,052 | -38.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,092 | €6,179 | +€87 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,192 | €0 | -€11,192 | -100% |
| Other operating charges | 640/8 | €1,297 | €1,814 | +€517 | +39.9% |
| Gross operating margin | 9900 | -€2,296 | €23,445 | +€25,742 | |
| Operating profit (loss) | 9901 | -€20,878 | €15,452 | +€36,330 | |
| Financial income | 75/76B | €154 | €0 | -€154 | -100.0% |
| Recurring financial income | 75 | €154 | €0 | -€154 | -100.0% |
| Financial charges | 65/66B | €1,001 | €845 | -€156 | -15.6% |
| Recurring financial charges | 65 | €1,001 | €845 | -€156 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,725 | €14,607 | +€36,332 | |
| Income taxes | 67/77 | €267 | €1,599 | +€1,332 | +500% |
| Profit (loss) for the period | 9904 | -€21,992 | €13,008 | +€35,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,992 | €13,008 | +€35,000 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.