GEERTS FARMA: 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 FARMA
Largest movements
- Tangible fixed assets +€54,916
new in 2025: €54,916
- Current investments -€32,972
down €32,972 (-21.7%), from €152,000 to €119,028
- Cash +€21,083
up €21,083 (+23.3%), from €90,480 to €111,563
mainly Net result for the year (+€100,619) and Current investments (+€32,972)
- Reserves +€80,000
up €80,000 (+59.5%), from €134,490 to €214,490
- Debts after one year -€69,571
down €69,571 (-16.9%), from €412,602 to €343,032
- Profit (loss) carried forward +€20,619
up €20,619 (+3.0%), from €692,072 to €712,691
- Gross operating margin -€8,645
down €8,645 (-5.2%), from €165,305 to €156,659
- Depreciation +€6,870
new in 2025: €6,870
- Taxes +€5,477
up €5,477 (+13.9%), from €39,306 to €44,783
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 | €1,335,312 | €1,375,531 | +€40,219 | +3.0% |
| Fixed assets | 21/28 | €1,088,847 | €1,143,763 | +€54,916 | +5.0% |
| Tangible fixed assets | 22/27 | - | €54,916 | +€54,916 | |
| Furniture and vehicles | 24 | - | €54,916 | +€54,916 | |
| Financial fixed assets | 28 | €1,088,847 | €1,088,847 | = | 0.0% |
| Current assets | 29/58 | €246,465 | €231,768 | -€14,697 | -6.0% |
| Current investments | 50/53 | €152,000 | €119,028 | -€32,972 | -21.7% |
| Cash at bank and in hand | 54/58 | €90,480 | €111,563 | +€21,083 | +23.3% |
| Deferred charges and accrued income | 490/1 | €3,985 | €1,177 | -€2,808 | -70.5% |
| Total equity and liabilities | 10/49 | €1,335,312 | €1,375,531 | +€40,219 | +3.0% |
| Equity | 10/15 | €838,962 | €939,581 | +€100,619 | +12.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €134,490 | €214,490 | +€80,000 | +59.5% |
| Distributable reserves | 133 | €134,490 | €214,490 | +€80,000 | +59.5% |
| Profit (loss) carried forward | 14 | €692,072 | €712,691 | +€20,619 | +3.0% |
| Amounts payable | 17/49 | €496,350 | €435,950 | -€60,400 | -12.2% |
| Amounts payable after more than one year | 17 | €412,602 | €343,032 | -€69,571 | -16.9% |
| Financial debts | 170/4 | €412,602 | €343,032 | -€69,571 | -16.9% |
| Amounts payable within one year | 42/48 | €83,484 | €92,684 | +€9,200 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €68,677 | €69,571 | +€894 | +1.3% |
| Trade debts | 44 | €26 | €1,243 | +€1,217 | +4,676% |
| Suppliers | 440/4 | €26 | €1,243 | +€1,217 | +4,676% |
| Taxes, remuneration and social security | 45 | €11,499 | €18,523 | +€7,024 | +61.1% |
| Taxes | 450/3 | €11,499 | €18,523 | +€7,024 | +61.1% |
| Other amounts payable | 47/48 | €3,282 | €3,347 | +€65 | +2.0% |
| Accrued charges and deferred income | 492/3 | €263 | €235 | -€29 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,870 | +€6,870 | |
| Other operating charges | 640/8 | €210 | €272 | +€62 | +29.4% |
| Gross operating margin | 9900 | €165,305 | €156,659 | -€8,645 | -5.2% |
| Operating profit (loss) | 9901 | €165,095 | €149,518 | -€15,577 | -9.4% |
| Financial income | 75/76B | €2,658 | €1,986 | -€672 | -25.3% |
| Recurring financial income | 75 | €2,658 | €1,986 | -€672 | -25.3% |
| Financial charges | 65/66B | €7,042 | €6,102 | -€940 | -13.3% |
| Recurring financial charges | 65 | €7,042 | €6,102 | -€940 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €160,711 | €145,401 | -€15,309 | -9.5% |
| Income taxes | 67/77 | €39,306 | €44,783 | +€5,477 | +13.9% |
| Profit (loss) for the period | 9904 | €121,405 | €100,619 | -€20,786 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €121,405 | €100,619 | -€20,786 | -17.1% |
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 24 October 2026 via checked.be.