GEESON: what changed
Two fiscal 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.
GEESON
Largest movements
- Receivables within one year +€250,065
up €250,065 (+408.8%), from €61,166 to €311,231
of which Other amounts receivable: +€236,238
- Current investments -€250,000
down €250,000 (-55.6%), from €450,000 to €200,000
- Cash +€46,429
up €46,429 (+42.3%), from €109,850 to €156,279
mainly Net result for the year (+€512,717) and Current investments (+€250,000)
- Tangible fixed assets +€17,795
up €17,795 (+30.6%), from €58,191 to €75,987
of which Other tangible fixed assets: +€10,843
- Trade debts +€93,868
up €93,868 (+764.4%), from €12,280 to €106,148
- Short-term financial debts -€67,810
down €67,810 (-94.9%), from €71,461 to €3,652
- Other debts +€50,375
up €50,375 (+11.2%), from €449,500 to €499,875
- Tax, wage and social debts -€21,706
down €21,706 (-49.5%), from €43,888 to €22,182
of which Taxes: -€12,425
- Reserves +€12,717
up €12,717 (+11.6%), from €109,554 to €122,272
- Taxes -€40,189
down €40,189 (-50.0%), from €80,372 to €40,183
- Gross operating margin +€15,378
up €15,378 (+1.7%), from €916,397 to €931,774
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.
Cash bridge derived
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 | €726,122 | €790,914 | +€64,792 | +8.9% |
| Fixed assets | 21/28 | €79,261 | €92,056 | +€12,795 | +16.1% |
| Intangible fixed assets | 21 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Tangible fixed assets | 22/27 | €58,191 | €75,987 | +€17,795 | +30.6% |
| Plant, machinery and equipment | 23 | €28,363 | €26,632 | -€1,731 | -6.1% |
| Furniture and vehicles | 24 | €9,539 | €18,222 | +€8,683 | +91.0% |
| Other tangible fixed assets | 26 | €20,289 | €31,132 | +€10,843 | +53.4% |
| Financial fixed assets | 28 | €1,070 | €1,070 | = | 0.0% |
| Current assets | 29/58 | €646,861 | €698,858 | +€51,997 | +8.0% |
| Stocks and contracts in progress | 3 | €14,547 | €19,495 | +€4,948 | +34.0% |
| Stocks | 30/36 | €14,547 | €19,495 | +€4,948 | +34.0% |
| Amounts receivable within one year | 40/41 | €61,166 | €311,231 | +€250,065 | +408.8% |
| Trade receivables | 40 | €52,461 | €66,287 | +€13,827 | +26.4% |
| Other amounts receivable | 41 | €8,705 | €244,943 | +€236,238 | +2713.8% |
| Current investments | 50/53 | €450,000 | €200,000 | -€250,000 | -55.6% |
| Cash at bank and in hand | 54/58 | €109,850 | €156,279 | +€46,429 | +42.3% |
| Deferred charges and accrued income | 490/1 | €11,298 | €11,853 | +€555 | +4.9% |
| Total equity and liabilities | 10/49 | €726,122 | €790,914 | +€64,792 | +8.9% |
| Equity | 10/15 | €128,154 | €140,872 | +€12,717 | +9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,554 | €122,272 | +€12,717 | +11.6% |
| Distributable reserves | 133 | €109,554 | €122,272 | +€12,717 | +11.6% |
| Amounts payable | 17/49 | €597,968 | €650,043 | +€52,075 | +8.7% |
| Amounts payable within one year | 42/48 | €597,968 | €650,043 | +€52,075 | +8.7% |
| Financial debts | 43 | €71,461 | €3,652 | -€67,810 | -94.9% |
| Credit institutions | 430/8 | €71,461 | €3,652 | -€67,810 | -94.9% |
| Trade debts | 44 | €12,280 | €106,148 | +€93,868 | +764.4% |
| Suppliers | 440/4 | €12,280 | €106,148 | +€93,868 | +764.4% |
| Advances received on contracts in progress | 46 | €20,839 | €18,186 | -€2,652 | -12.7% |
| Taxes, remuneration and social security | 45 | €43,888 | €22,182 | -€21,706 | -49.5% |
| Taxes | 450/3 | €13,667 | €1,242 | -€12,425 | -90.9% |
| Remuneration and social security | 454/9 | €30,221 | €20,939 | -€9,282 | -30.7% |
| Other amounts payable | 47/48 | €449,500 | €499,875 | +€50,375 | +11.2% |
| Non-recurring operating income | 76A | - | €1,800 | +€1,800 | |
| Remuneration, social security and pensions | 62 | €340,409 | €346,630 | +€6,221 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,030 | €28,652 | +€4,622 | +19.2% |
| Other operating charges | 640/8 | €1,419 | €1,356 | -€63 | -4.5% |
| Gross operating margin | 9900 | €916,397 | €931,774 | +€15,378 | +1.7% |
| Operating profit (loss) | 9901 | €550,538 | €555,136 | +€4,598 | +0.8% |
| Financial income | 75/76B | €8,938 | €2,845 | -€6,093 | -68.2% |
| Recurring financial income | 75 | €6,823 | €2,760 | -€4,063 | -59.5% |
| Non-recurring financial income | 76B | €2,115 | €85 | -€2,030 | -96.0% |
| Financial charges | 65/66B | €5,277 | €5,081 | -€196 | -3.7% |
| Recurring financial charges | 65 | €5,261 | €5,081 | -€180 | -3.4% |
| Non-recurring financial charges | 66B | €16 | - | -€16 | |
| Profit (loss) for the period before taxes | 9903 | €554,199 | €552,901 | -€1,299 | -0.2% |
| Income taxes | 67/77 | €80,372 | €40,183 | -€40,189 | -50.0% |
| Profit (loss) for the period | 9904 | €473,827 | €512,717 | +€38,890 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €473,827 | €512,717 | +€38,890 | +8.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.