Geerts Jeroen: what changed
Geerts Jeroen
Largest movements
- Cash +€10,589
up €10,589 (+377%), from €2,811 to €13,400
mainly Net result for the year (+€10,876) and Depreciation (+€9,171)
- Tangible fixed assets -€9,171
down €9,171 (-57.9%), from €15,832 to €6,661
of which Leasing and similar rights: -€6,600
- Receivables within one year +€4,622
up €4,622 (+105%), from €4,386 to €9,008
of which Trade receivables: +€5,380
- Deferred charges and accrued income -€1,325
down €1,325 (-46.0%), from €2,879 to €1,554
- Profit (loss) carried forward +€10,876
up €10,876 (+97.6%), from -€11,143 to -€267
- Debts after one year -€6,619
no longer reported in 2025 (was €6,619)
- Other debts -€5,782
down €5,782 (-99.2%), from €5,828 to €46
- Tax, wage and social debts +€5,453
up €5,453 (+31.5%), from €17,299 to €22,752
of which Remuneration and social security: +€5,119
- Current portion of long-term debt +€1,022
up €1,022 (+18.3%), from €5,597 to €6,619
- Gross operating margin +€18,625
up €18,625 (+587%), from €3,171 to €21,796
- Depreciation -€795
down €795 (-8.0%), from €9,966 to €9,171
- Taxes +€376
new in 2025: €376
- Other operating charges +€331
up €331 (+105%), from €315 to €646
- Financial charges -€305
down €305 (-29.5%), from €1,031 to €727
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,404 | €51,378 | +€4,974 | +10.7% |
| Fixed assets | 21/28 | €15,832 | €6,661 | -€9,171 | -57.9% |
| Tangible fixed assets | 22/27 | €15,832 | €6,661 | -€9,171 | -57.9% |
| Plant, machinery and equipment | 23 | €1,266 | €906 | -€360 | -28.4% |
| Furniture and vehicles | 24 | €3,916 | €1,704 | -€2,211 | -56.5% |
| Leasing and similar rights | 25 | €10,650 | €4,050 | -€6,600 | -62.0% |
| Current assets | 29/58 | €30,572 | €44,717 | +€14,145 | +46.3% |
| Stocks and contracts in progress | 3 | €20,496 | €20,755 | +€258 | +1.3% |
| Stocks | 30/36 | €18,184 | €14,005 | -€4,180 | -23.0% |
| Contracts in progress | 37 | €2,312 | €6,750 | +€4,438 | +192% |
| Amounts receivable within one year | 40/41 | €4,386 | €9,008 | +€4,622 | +105% |
| Trade receivables | 40 | - | €5,380 | +€5,380 | |
| Other amounts receivable | 41 | €4,386 | €3,628 | -€757 | -17.3% |
| Cash at bank and in hand | 54/58 | €2,811 | €13,400 | +€10,589 | +377% |
| Deferred charges and accrued income | 490/1 | €2,879 | €1,554 | -€1,325 | -46.0% |
| Total equity and liabilities | 10/49 | €46,404 | €51,378 | +€4,974 | +10.7% |
| Equity | 10/15 | €4,649 | €15,525 | +€10,876 | +234% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €11,792 | €11,792 | = | 0.0% |
| Distributable reserves | 133 | €11,792 | €11,792 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,143 | -€267 | +€10,876 | +97.6% |
| Amounts payable | 17/49 | €41,755 | €35,853 | -€5,902 | -14.1% |
| Amounts payable after more than one year | 17 | €6,619 | - | -€6,619 | |
| Financial debts | 170/4 | €6,619 | - | -€6,619 | |
| Amounts payable within one year | 42/48 | €34,727 | €35,853 | +€1,125 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €5,597 | €6,619 | +€1,022 | +18.3% |
| Trade debts | 44 | €6,003 | €6,435 | +€432 | +7.2% |
| Suppliers | 440/4 | €6,003 | €6,435 | +€432 | +7.2% |
| Taxes, remuneration and social security | 45 | €17,299 | €22,752 | +€5,453 | +31.5% |
| Taxes | 450/3 | €1,513 | €1,846 | +€334 | +22.1% |
| Remuneration and social security | 454/9 | €15,786 | €20,905 | +€5,119 | +32.4% |
| Other amounts payable | 47/48 | €5,828 | €46 | -€5,782 | -99.2% |
| Accrued charges and deferred income | 492/3 | €408 | - | -€408 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,966 | €9,171 | -€795 | -8.0% |
| Other operating charges | 640/8 | €315 | €646 | +€331 | +105% |
| Gross operating margin | 9900 | €3,171 | €21,796 | +€18,625 | +587% |
| Operating profit (loss) | 9901 | -€7,109 | €11,979 | +€19,089 | |
| Financial income | 75/76B | €270 | €0 | -€270 | -100.0% |
| Recurring financial income | 75 | €270 | €0 | -€270 | -100.0% |
| Financial charges | 65/66B | €1,031 | €727 | -€305 | -29.5% |
| Recurring financial charges | 65 | €1,031 | €727 | -€305 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,871 | €11,252 | +€19,123 | |
| Income taxes | 67/77 | - | €376 | +€376 | |
| Profit (loss) for the period | 9904 | -€7,871 | €10,876 | +€18,747 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,871 | €10,876 | +€18,747 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.