GEERTS TECHNICS: 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 TECHNICS
Largest movements
- Cash -€47,965
down €47,965 (-42.3%), from €113,267 to €65,303
mainly Contributions, distributions and other (-€52,989) and Other debts (-€32,684)
- Tangible fixed assets -€18,346
down €18,346 (-29.7%), from €61,871 to €43,525
of which Furniture and vehicles: -€17,006
- Receivables within one year +€13,325
up €13,325 (+67.6%), from €19,705 to €33,030
of which Trade receivables: +€13,325
- Deferred charges and accrued income +€2,095
up €2,095 (+147%), from €1,422 to €3,516
- Other debts -€32,684
down €32,684 (-35.5%), from €92,190 to €59,507
- Reserves -€8,944
down €8,944 (-100%), from €8,944 to €0
- Tax, wage and social debts -€8,765
down €8,765 (-42.3%), from €20,713 to €11,947
of which Taxes: -€9,004
- Debts after one year -€6,898
down €6,898 (-11.4%), from €60,333 to €53,435
- Trade debts +€6,716
up €6,716 (+120%), from €5,599 to €12,315
- Gross operating margin +€59,889
up €59,889 (+324%), from €18,490 to €78,379
- Taxes +€12,445
up €12,445 (+4,575%), from €272 to €12,717
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 | €196,265 | €145,374 | -€50,891 | -25.9% |
| Fixed assets | 21/28 | €61,871 | €43,525 | -€18,346 | -29.7% |
| Tangible fixed assets | 22/27 | €61,871 | €43,525 | -€18,346 | -29.7% |
| Land and buildings | 22 | €1,197 | €0 | -€1,197 | -100% |
| Plant, machinery and equipment | 23 | €1,319 | €1,175 | -€143 | -10.9% |
| Furniture and vehicles | 24 | €59,355 | €42,349 | -€17,006 | -28.7% |
| Current assets | 29/58 | €134,394 | €101,849 | -€32,545 | -24.2% |
| Amounts receivable within one year | 40/41 | €19,705 | €33,030 | +€13,325 | +67.6% |
| Trade receivables | 40 | €15,437 | €28,762 | +€13,325 | +86.3% |
| Other amounts receivable | 41 | €4,268 | €4,268 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €113,267 | €65,303 | -€47,965 | -42.3% |
| Deferred charges and accrued income | 490/1 | €1,422 | €3,516 | +€2,095 | +147% |
| Total equity and liabilities | 10/49 | €196,265 | €145,374 | -€50,891 | -25.9% |
| Equity | 10/15 | €9,944 | €1,000 | -€8,944 | -89.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €8,944 | €0 | -€8,944 | -100% |
| Distributable reserves | 133 | €8,944 | €0 | -€8,944 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €186,321 | €144,374 | -€41,947 | -22.5% |
| Amounts payable after more than one year | 17 | €60,333 | €53,435 | -€6,898 | -11.4% |
| Financial debts | 170/4 | €60,333 | €53,435 | -€6,898 | -11.4% |
| Amounts payable within one year | 42/48 | €125,164 | €90,667 | -€34,496 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €6,661 | €6,898 | +€237 | +3.6% |
| Trade debts | 44 | €5,599 | €12,315 | +€6,716 | +120% |
| Suppliers | 440/4 | €5,599 | €12,315 | +€6,716 | +120% |
| Taxes, remuneration and social security | 45 | €20,713 | €11,947 | -€8,765 | -42.3% |
| Taxes | 450/3 | €19,335 | €10,331 | -€9,004 | -46.6% |
| Remuneration and social security | 454/9 | €1,378 | €1,616 | +€238 | +17.3% |
| Other amounts payable | 47/48 | €92,190 | €59,507 | -€32,684 | -35.5% |
| Accrued charges and deferred income | 492/3 | €824 | €271 | -€553 | -67.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,809 | €18,346 | -€463 | -2.5% |
| Other operating charges | 640/8 | €816 | €836 | +€20 | +2.4% |
| Gross operating margin | 9900 | €18,490 | €78,379 | +€59,889 | +324% |
| Operating profit (loss) | 9901 | -€1,135 | €59,197 | +€60,332 | |
| Financial income | 75/76B | €6 | €320 | +€314 | +5,050% |
| Recurring financial income | 75 | €6 | €320 | +€314 | +5,050% |
| Financial charges | 65/66B | €2,947 | €2,754 | -€192 | -6.5% |
| Recurring financial charges | 65 | €2,947 | €2,754 | -€192 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,075 | €56,762 | +€60,838 | |
| Income taxes | 67/77 | €272 | €12,717 | +€12,445 | +4,575% |
| Profit (loss) for the period | 9904 | -€4,347 | €44,045 | +€48,392 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,347 | €44,045 | +€48,392 |
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 13 October 2026 via checked.be.