GEERTS: 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.
GEERTS
Largest movements
- Cash -€60,218
down €60,218 (-66.0%), from €91,246 to €31,028
mainly Current investments (-€50,000) and Net result for the year (-€8,208)
- Current investments +€50,000
new in 2025: €50,000
- Profit (loss) carried forward -€8,208
down €8,208 (-368.9%), from -€2,225 to -€10,433
- Tax, wage and social debts -€1,149
down €1,149 (-55.4%), from €2,076 to €927
- Gross operating margin -€11,862
down €11,862, from €4,114 to -€7,748
- Taxes -€955
down €955 (-100.0%), from €955 to €0
- Financial income +€152
up €152 (+163.5%), from €93 to €244
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.
Cash bridge derived
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 | €95,158 | €85,108 | -€10,050 | -10.6% |
| Current assets | 29/58 | €95,158 | €85,108 | -€10,050 | -10.6% |
| Amounts receivable within one year | 40/41 | €3,912 | €4,080 | +€168 | +4.3% |
| Trade receivables | 40 | €3,613 | €3,613 | = | 0.0% |
| Other amounts receivable | 41 | €299 | €467 | +€168 | +56.2% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €91,246 | €31,028 | -€60,218 | -66.0% |
| Total equity and liabilities | 10/49 | €95,158 | €85,108 | -€10,050 | -10.6% |
| Equity | 10/15 | €22,056 | €13,848 | -€8,208 | -37.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €5,689 | €5,689 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,403 | €1,403 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,403 | €1,403 | = | 0.0% |
| Distributable reserves | 133 | €4,286 | €4,286 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,225 | -€10,433 | -€8,208 | -368.9% |
| Amounts payable | 17/49 | €73,101 | €71,260 | -€1,842 | -2.5% |
| Amounts payable within one year | 42/48 | €11,101 | €9,260 | -€1,842 | -16.6% |
| Trade debts | 44 | €404 | €7 | -€397 | -98.3% |
| Suppliers | 440/4 | €404 | €7 | -€397 | -98.3% |
| Taxes, remuneration and social security | 45 | €2,076 | €927 | -€1,149 | -55.4% |
| Taxes | 450/3 | €2,076 | €927 | -€1,149 | -55.4% |
| Other amounts payable | 47/48 | €8,621 | €8,326 | -€295 | -3.4% |
| Accrued charges and deferred income | 492/3 | €62,000 | €62,000 | = | 0.0% |
| Other operating charges | 640/8 | €616 | €629 | +€13 | +2.1% |
| Gross operating margin | 9900 | €4,114 | -€7,748 | -€11,862 | |
| Operating profit (loss) | 9901 | €3,498 | -€8,377 | -€11,875 | |
| Financial income | 75/76B | €93 | €244 | +€152 | +163.5% |
| Recurring financial income | 75 | €93 | €244 | +€152 | +163.5% |
| Financial charges | 65/66B | €79 | €75 | -€4 | -4.5% |
| Recurring financial charges | 65 | €79 | €75 | -€4 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €3,512 | -€8,208 | -€11,720 | |
| Income taxes | 67/77 | €955 | €0 | -€955 | -100.0% |
| Profit (loss) for the period | 9904 | €2,558 | -€8,208 | -€10,766 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,558 | -€8,208 | -€10,766 |
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 10 October 2026 via checked.be.