Geert Verstraeten: what changed
What changed
Geert Verstraeten
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€2.5m
2025 · €760,912+€1.8m
Equity
€156,726
2025 · €356,451-€199,725
Cash
€3.5m
2025 · €606,479+€2.9m
Balance sheet total
€3.6m
2025 · €2.6m+€992,030
Largest movements
Assets
- Cash +€2.9m
up €2.9m (+477%), from €606,479 to €3.5m
mainly Accrued charges and deferred income (+€2.9m) and Net result for the year (+€2.5m)
- Financial fixed assets -€1.4m
down €1.4m (-100%), from €1.4m to €0
- Receivables within one year -€485,998
down €485,998 (-92.7%), from €524,467 to €38,469
Equity and liabilities
- Accrued charges and deferred income +€2.9m
up €2.9m (+4,176%), from €69,382 to €3.0m
- Short-term financial debts -€903,217
down €903,217 (-100.0%), from €903,375 to €158
of which Other loans: -€903,375
- Other debts -€645,057
down €645,057 (-65.0%), from €992,222 to €347,166
- Reserves -€199,732
down €199,732 (-92.0%), from €217,189 to €17,458
of which Distributable reserves: -€199,732
- Tax, wage and social debts -€100,652
down €100,652 (-54.6%), from €184,321 to €83,670
of which Taxes: -€102,763
Income statement
- Gross operating margin +€2.2m
up €2.2m (+188%), from €1.2m to €3.4m
- Taxes +€599,046
up €599,046 (+238%), from €251,380 to €850,427
- Financial charges -€83,949
down €83,949 (-81.4%), from €103,072 to €19,123
- Provisions -€50,000
new in 2026: -€50,000
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€760,912
Gross operating margin
+€2.2m
Staff costs
-€24,868
Depreciation
+€8,303
Provisions
+€50,000
Other operating charges
+€24,539
Other operating items
+€263
Financial income
+€29,438
Financial charges
+€83,949
Taxes
-€599,046
Result 2026
€2.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€5.2m
Investment
+€1.4m
Financing
-€3.6m
Cash 2025
€606,479
From operations (derived)
+€5.2m
Net result for the year
+€2.5m
Depreciation
+€26,854
Receivables within one year
+€485,998
Deferred charges and accrued income
+€26,933
Provisions
-€50,000
Trade debts
-€6,905
Tax, wage and social debts
-€100,652
Other debts
-€645,057
Accrued charges and deferred income
+€2.9m
Investment (derived)
+€1.4m
Investment in fixed assets (net)
+€1.4m
Current investments
-€328
Financing
-€3.6m
Short-term financial debts
-€903,217
Contributions, distributions and other
-€2.7m
Cash 2026
€3.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,566,143 | €3,558,173 | +€992,030 | +38.7% |
| Fixed assets | 21/28 | €1,403,761 | €13,407 | -€1.4m | -99.0% |
| Tangible fixed assets | 22/27 | €40,261 | €13,407 | -€26,854 | -66.7% |
| Land and buildings | 22 | €2,842 | €1,575 | -€1,267 | -44.6% |
| Furniture and vehicles | 24 | €37,419 | €11,832 | -€25,587 | -68.4% |
| Financial fixed assets | 28 | €1,363,500 | €0 | -€1.4m | -100% |
| Current assets | 29/58 | €1,162,382 | €3,544,766 | +€2.4m | +205% |
| Amounts receivable within one year | 40/41 | €524,467 | €38,469 | -€485,998 | -92.7% |
| Other amounts receivable | 41 | €524,467 | €38,469 | -€485,998 | -92.7% |
| Current investments | 50/53 | - | €328 | +€328 | |
| Cash at bank and in hand | 54/58 | €606,479 | €3,501,465 | +€2.9m | +477% |
| Deferred charges and accrued income | 490/1 | €31,437 | €4,504 | -€26,933 | -85.7% |
| Total equity and liabilities | 10/49 | €2,566,143 | €3,558,173 | +€992,030 | +38.7% |
| Equity | 10/15 | €356,451 | €156,726 | -€199,725 | -56.0% |
| Contributions | 10/11 | €139,262 | €139,262 | = | 0.0% |
| Reserves | 13 | €217,189 | €17,458 | -€199,732 | -92.0% |
| Non-distributable reserves | 130/1 | €13,926 | €13,926 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,926 | €13,926 | = | 0.0% |
| Tax-exempt reserves | 132 | €240 | €240 | = | 0.0% |
| Distributable reserves | 133 | €203,023 | €3,291 | -€199,732 | -98.4% |
| Profit (loss) carried forward | 14 | - | €7 | +€7 | |
| Provisions and deferred taxes | 16 | €50,000 | €0 | -€50,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €0 | -€50,000 | -100% |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Major repairs and maintenance | 162 | €50,000 | - | -€50,000 | |
| Amounts payable | 17/49 | €2,159,691 | €3,401,447 | +€1.2m | +57.5% |
| Amounts payable within one year | 42/48 | €2,090,310 | €434,479 | -€1.7m | -79.2% |
| Financial debts | 43 | €903,375 | €158 | -€903,217 | -100.0% |
| Credit institutions | 430/8 | - | €158 | +€158 | |
| Other loans | 439 | €903,375 | €0 | -€903,375 | -100% |
| Trade debts | 44 | €10,391 | €3,486 | -€6,905 | -66.5% |
| Suppliers | 440/4 | €10,391 | €3,486 | -€6,905 | -66.5% |
| Taxes, remuneration and social security | 45 | €184,321 | €83,670 | -€100,652 | -54.6% |
| Taxes | 450/3 | €171,049 | €68,286 | -€102,763 | -60.1% |
| Remuneration and social security | 454/9 | €13,272 | €15,383 | +€2,111 | +15.9% |
| Other amounts payable | 47/48 | €992,222 | €347,166 | -€645,057 | -65.0% |
| Accrued charges and deferred income | 492/3 | €69,382 | €2,966,968 | +€2.9m | +4,176% |
| Remuneration, social security and pensions | 62 | €34,011 | €58,879 | +€24,868 | +73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,157 | €26,854 | -€8,303 | -23.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€50,000 | -€50,000 | |
| Other operating charges | 640/8 | €26,165 | €1,626 | -€24,539 | -93.8% |
| Non-recurring operating charges | 66A | €263 | - | -€263 | |
| Gross operating margin | 9900 | €1,176,872 | €3,384,658 | +€2.2m | +188% |
| Operating profit (loss) | 9901 | €1,081,276 | €3,347,299 | +€2.3m | +210% |
| Financial income | 75/76B | €34,088 | €63,526 | +€29,438 | +86.4% |
| Recurring financial income | 75 | €34,088 | €63,526 | +€29,438 | +86.4% |
| Financial charges | 65/66B | €103,072 | €19,123 | -€83,949 | -81.4% |
| Recurring financial charges | 65 | €103,072 | €19,123 | -€83,949 | -81.4% |
| Profit (loss) for the period before taxes | 9903 | €1,012,292 | €3,391,702 | +€2.4m | +235% |
| Income taxes | 67/77 | €251,380 | €850,427 | +€599,046 | +238% |
| Profit (loss) for the period | 9904 | €760,912 | €2,541,275 | +€1.8m | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €760,912 | €2,541,275 | +€1.8m | +234% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.