Geheel: 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.
Geheel
Largest movements
- Tangible fixed assets +€165,617
up €165,617 (+13929.1%), from €1,189 to €166,806
of which Land and buildings: +€166,277
- Current investments +€158,344
new in 2025: €158,344
- Receivables within one year +€148,772
up €148,772 (+179.2%), from €83,018 to €231,790
- Cash -€55,090
down €55,090 (-32.4%), from €170,048 to €114,958
mainly Investment in fixed assets (net) (-€222,442) and Current investments (-€158,344)
- Deferred charges and accrued income +€39,138
up €39,138 (+19.1%), from €205,156 to €244,294
- Profit (loss) carried forward +€246,712
up €246,712 (+66.8%), from €369,119 to €615,831
- Debts after one year +€186,155
new in 2025: €186,155
- Current portion of long-term debt +€13,541
new in 2025: €13,541
- Depreciation +€56,166
up €56,166 (+8522.9%), from €659 to €56,825
- Gross operating margin +€51,537
up €51,537 (+15.9%), from €324,389 to €375,926
- Financial income +€7,643
up €7,643 (+296.8%), from €2,575 to €10,218
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 | €459,411 | €916,192 | +€456,781 | +99.4% |
| Fixed assets | 21/28 | €1,189 | €166,806 | +€165,617 | +13929.1% |
| Tangible fixed assets | 22/27 | €1,189 | €166,806 | +€165,617 | +13929.1% |
| Land and buildings | 22 | - | €166,277 | +€166,277 | |
| Furniture and vehicles | 24 | €1,189 | €529 | -€660 | -55.5% |
| Current assets | 29/58 | €458,222 | €749,386 | +€291,164 | +63.5% |
| Amounts receivable within one year | 40/41 | €83,018 | €231,790 | +€148,772 | +179.2% |
| Other amounts receivable | 41 | €83,018 | €231,790 | +€148,772 | +179.2% |
| Current investments | 50/53 | - | €158,344 | +€158,344 | |
| Cash at bank and in hand | 54/58 | €170,048 | €114,958 | -€55,090 | -32.4% |
| Deferred charges and accrued income | 490/1 | €205,156 | €244,294 | +€39,138 | +19.1% |
| Total equity and liabilities | 10/49 | €459,411 | €916,192 | +€456,781 | +99.4% |
| Equity | 10/15 | €374,619 | €621,331 | +€246,712 | +65.9% |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €369,119 | €615,831 | +€246,712 | +66.8% |
| Amounts payable | 17/49 | €84,792 | €294,861 | +€210,069 | +247.7% |
| Amounts payable after more than one year | 17 | - | €186,155 | +€186,155 | |
| Financial debts | 170/4 | - | €186,155 | +€186,155 | |
| Amounts payable within one year | 42/48 | €84,792 | €108,706 | +€23,914 | +28.2% |
| Current portion of amounts payable after more than one year | 42 | - | €13,541 | +€13,541 | |
| Trade debts | 44 | €6,534 | €9,029 | +€2,495 | +38.2% |
| Suppliers | 440/4 | €6,534 | €9,029 | +€2,495 | +38.2% |
| Taxes, remuneration and social security | 45 | €78,258 | €86,136 | +€7,878 | +10.1% |
| Taxes | 450/3 | €78,258 | €86,136 | +€7,878 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €659 | €56,825 | +€56,166 | +8522.9% |
| Other operating charges | 640/8 | €182 | €258 | +€76 | +41.8% |
| Gross operating margin | 9900 | €324,389 | €375,926 | +€51,537 | +15.9% |
| Operating profit (loss) | 9901 | €323,548 | €318,843 | -€4,705 | -1.5% |
| Financial income | 75/76B | €2,575 | €10,218 | +€7,643 | +296.8% |
| Recurring financial income | 75 | €2,575 | €10,218 | +€7,643 | +296.8% |
| Financial charges | 65/66B | €44 | €3,293 | +€3,249 | +7384.1% |
| Recurring financial charges | 65 | €44 | €3,293 | +€3,249 | +7384.1% |
| Profit (loss) for the period before taxes | 9903 | €326,079 | €325,768 | -€311 | -0.1% |
| Income taxes | 67/77 | €78,246 | €79,056 | +€810 | +1.0% |
| Profit (loss) for the period | 9904 | €247,833 | €246,712 | -€1,121 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €247,833 | €246,712 | -€1,121 | -0.5% |
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 6 October 2026 via checked.be.