GEERTS H.: 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 H.
Largest movements
- Cash +€7,822
up €7,822 (+32.8%), from €23,851 to €31,672
mainly Net result for the year (+€32,138) and Depreciation (+€9,275)
- Tangible fixed assets -€7,041
down €7,041 (-23.7%), from €29,749 to €22,708
of which Leasing and similar rights: -€7,625
- Receivables within one year +€5,552
up €5,552 (+45.9%), from €12,100 to €17,652
of which Other amounts receivable: +€3,536
- Profit (loss) carried forward +€13,138
up €13,138 (+49.3%), from €26,676 to €39,815
- Debts after one year -€7,408
down €7,408 (-41.8%), from €17,711 to €10,303
- Current portion of long-term debt +€1,035
up €1,035 (+18.1%), from €5,713 to €6,748
- Gross operating margin +€31,659
up €31,659 (+146%), from €21,642 to €53,301
- Taxes +€6,675
up €6,675 (+222%), from €3,013 to €9,687
- Financial charges -€538
down €538 (-29.1%), from €1,851 to €1,312
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 | €66,419 | €72,848 | +€6,429 | +9.7% |
| Fixed assets | 21/28 | €29,759 | €22,718 | -€7,041 | -23.7% |
| Tangible fixed assets | 22/27 | €29,749 | €22,708 | -€7,041 | -23.7% |
| Furniture and vehicles | 24 | €3,426 | €4,010 | +€584 | +17.1% |
| Leasing and similar rights | 25 | €26,323 | €18,698 | -€7,625 | -29.0% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €36,660 | €50,130 | +€13,470 | +36.7% |
| Amounts receivable within one year | 40/41 | €12,100 | €17,652 | +€5,552 | +45.9% |
| Trade receivables | 40 | €12,100 | €14,116 | +€2,016 | +16.7% |
| Other amounts receivable | 41 | - | €3,536 | +€3,536 | |
| Cash at bank and in hand | 54/58 | €23,851 | €31,672 | +€7,822 | +32.8% |
| Deferred charges and accrued income | 490/1 | €709 | €806 | +€97 | +13.6% |
| Total equity and liabilities | 10/49 | €66,419 | €72,848 | +€6,429 | +9.7% |
| Equity | 10/15 | €31,676 | €44,815 | +€13,138 | +41.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,676 | €39,815 | +€13,138 | +49.3% |
| Amounts payable | 17/49 | €34,743 | €28,033 | -€6,710 | -19.3% |
| Amounts payable after more than one year | 17 | €17,711 | €10,303 | -€7,408 | -41.8% |
| Financial debts | 170/4 | €17,711 | €10,303 | -€7,408 | -41.8% |
| Amounts payable within one year | 42/48 | €17,032 | €17,730 | +€698 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €5,713 | €6,748 | +€1,035 | +18.1% |
| Trade debts | 44 | €216 | €840 | +€624 | +289% |
| Suppliers | 440/4 | €216 | €840 | +€624 | +289% |
| Taxes, remuneration and social security | 45 | €10,524 | €10,142 | -€382 | -3.6% |
| Taxes | 450/3 | €10,524 | €10,142 | -€382 | -3.6% |
| Other amounts payable | 47/48 | €579 | - | -€579 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,084 | €9,275 | +€191 | +2.1% |
| Other operating charges | 640/8 | €528 | €913 | +€385 | +72.9% |
| Gross operating margin | 9900 | €21,642 | €53,301 | +€31,659 | +146% |
| Operating profit (loss) | 9901 | €12,030 | €43,113 | +€31,083 | +258% |
| Financial income | 75/76B | €31 | €24 | -€7 | -21.8% |
| Recurring financial income | 75 | €31 | €24 | -€7 | -21.8% |
| Financial charges | 65/66B | €1,851 | €1,312 | -€538 | -29.1% |
| Recurring financial charges | 65 | €1,851 | €1,312 | -€538 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €10,211 | €41,825 | +€31,614 | +310% |
| Income taxes | 67/77 | €3,013 | €9,687 | +€6,675 | +222% |
| Profit (loss) for the period | 9904 | €7,199 | €32,138 | +€24,940 | +346% |
| Profit (loss) for the period to be appropriated | 9905 | €7,199 | €32,138 | +€24,940 | +346% |
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.