GEERTS INGE: 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 INGE
Largest movements
- Cash +€384,285
up €384,285 (+116%), from €330,699 to €714,984
mainly Net result for the year (+€525,558) and Current investments (+€235,442)
- Current investments -€235,442
down €235,442 (-10.4%), from €2.3m to €2.0m
- Reserves +€138,678
up €138,678 (+4.9%), from €2.8m to €3.0m
- Financial charges +€100,149
up €100,149 (+42,711%), from €234 to €100,384
- Financial income +€83,911
up €83,911 (+183%), from €45,758 to €129,669
- Gross operating margin -€10,278
down €10,278 (-1.2%), from €828,293 to €818,015
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 | €2,864,423 | €2,995,064 | +€130,641 | +4.6% |
| Fixed assets | 21/28 | €245,125 | €228,430 | -€16,695 | -6.8% |
| Tangible fixed assets | 22/27 | €245,125 | €228,430 | -€16,695 | -6.8% |
| Land and buildings | 22 | €202,500 | €202,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,732 | €4,942 | +€3,210 | +185% |
| Furniture and vehicles | 24 | €40,893 | €20,988 | -€19,905 | -48.7% |
| Current assets | 29/58 | €2,619,298 | €2,766,634 | +€147,336 | +5.6% |
| Amounts receivable within one year | 40/41 | €23,683 | €26,780 | +€3,097 | +13.1% |
| Trade receivables | 40 | €0 | €562 | +€562 | |
| Other amounts receivable | 41 | €23,683 | €26,218 | +€2,535 | +10.7% |
| Current investments | 50/53 | €2,257,464 | €2,022,022 | -€235,442 | -10.4% |
| Cash at bank and in hand | 54/58 | €330,699 | €714,984 | +€384,285 | +116% |
| Deferred charges and accrued income | 490/1 | €7,453 | €2,849 | -€4,604 | -61.8% |
| Total equity and liabilities | 10/49 | €2,864,423 | €2,995,064 | +€130,641 | +4.6% |
| Equity | 10/15 | €2,844,525 | €2,983,203 | +€138,678 | +4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,838,325 | €2,977,003 | +€138,678 | +4.9% |
| Distributable reserves | 133 | €2,838,325 | €2,977,003 | +€138,678 | +4.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,898 | €11,861 | -€8,037 | -40.4% |
| Amounts payable within one year | 42/48 | €14,446 | €6,167 | -€8,279 | -57.3% |
| Trade debts | 44 | €38 | €64 | +€26 | +69.2% |
| Suppliers | 440/4 | €38 | €64 | +€26 | +69.2% |
| Taxes, remuneration and social security | 45 | €1,000 | €1,000 | = | 0.0% |
| Taxes | 450/3 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €13,408 | €5,103 | -€8,305 | -61.9% |
| Accrued charges and deferred income | 492/3 | €5,452 | €5,694 | +€241 | +4.4% |
| Remuneration, social security and pensions | 62 | €18,124 | €23,706 | +€5,582 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,725 | €22,695 | +€971 | +4.5% |
| Other operating charges | 640/8 | €1,153 | €1,231 | +€78 | +6.8% |
| Non-recurring operating charges | 66A | - | €148 | +€148 | |
| Gross operating margin | 9900 | €828,293 | €818,015 | -€10,278 | -1.2% |
| Operating profit (loss) | 9901 | €787,292 | €770,235 | -€17,057 | -2.2% |
| Financial income | 75/76B | €45,758 | €129,669 | +€83,911 | +183% |
| Recurring financial income | 75 | €45,758 | €129,669 | +€83,911 | +183% |
| Financial charges | 65/66B | €234 | €100,384 | +€100,149 | +42,711% |
| Recurring financial charges | 65 | €234 | €100,384 | +€100,149 | +42,711% |
| Profit (loss) for the period before taxes | 9903 | €832,815 | €799,520 | -€33,295 | -4.0% |
| Income taxes | 67/77 | €265,722 | €273,962 | +€8,240 | +3.1% |
| Profit (loss) for the period | 9904 | €567,093 | €525,558 | -€41,535 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €567,093 | €525,558 | -€41,535 | -7.3% |
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 17 October 2026 via checked.be.