Geitenbreier: 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.
Geitenbreier
Largest movements
- Receivables within one year +€30,160
up €30,160 (+75.8%), from €39,791 to €69,952
of which Other amounts receivable: +€44,819
- Cash +€12,892
up €12,892 (+76.5%), from €16,856 to €29,748
mainly Accrued charges and deferred income (+€46,326) and Short-term financial debts (+€35,187)
- Deferred charges and accrued income +€7,811
up €7,811 (+33.9%), from €23,021 to €30,832
- Other debts -€68,093
down €68,093 (-100%), from €68,093 to €0
- Accrued charges and deferred income +€46,326
up €46,326 (+772%), from €6,000 to €52,326
- Short-term financial debts +€35,187
new in 2025: €35,187
- Current portion of long-term debt +€21,558
up €21,558 (+249%), from €8,648 to €30,206
- Debts after one year +€10,356
up €10,356 (+29.2%), from €35,412 to €45,768
- Gross operating margin -€275,200
down €275,200 (-44.5%), from €617,889 to €342,690
- Staff costs -€230,642
down €230,642 (-44.6%), from €517,610 to €286,968
- Taxes -€13,734
down €13,734 (-80.5%), from €17,067 to €3,332
- Financial charges -€6,481
down €6,481 (-23.8%), from €27,195 to €20,714
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 | €451,288 | €499,854 | +€48,566 | +10.8% |
| Fixed assets | 21/28 | €96,620 | €94,322 | -€2,298 | -2.4% |
| Tangible fixed assets | 22/27 | €96,570 | €94,272 | -€2,298 | -2.4% |
| Plant, machinery and equipment | 23 | €24,352 | €23,911 | -€441 | -1.8% |
| Furniture and vehicles | 24 | €1,700 | €13,486 | +€11,786 | +693% |
| Other tangible fixed assets | 26 | €70,518 | €56,875 | -€13,643 | -19.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €354,668 | €405,532 | +€50,864 | +14.3% |
| Amounts receivable after more than one year | 29 | €275,000 | €275,000 | = | 0.0% |
| Other amounts receivable | 291 | €275,000 | €275,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,791 | €69,952 | +€30,160 | +75.8% |
| Trade receivables | 40 | €17,620 | €2,961 | -€14,659 | -83.2% |
| Other amounts receivable | 41 | €22,171 | €66,991 | +€44,819 | +202% |
| Cash at bank and in hand | 54/58 | €16,856 | €29,748 | +€12,892 | +76.5% |
| Deferred charges and accrued income | 490/1 | €23,021 | €30,832 | +€7,811 | +33.9% |
| Total equity and liabilities | 10/49 | €451,288 | €499,854 | +€48,566 | +10.8% |
| Equity | 10/15 | €194,725 | €197,034 | +€2,309 | +1.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €184,725 | €187,034 | +€2,309 | +1.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €182,865 | €185,174 | +€2,309 | +1.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €256,563 | €302,820 | +€46,257 | +18.0% |
| Amounts payable after more than one year | 17 | €35,412 | €45,768 | +€10,356 | +29.2% |
| Financial debts | 170/4 | €35,412 | €45,768 | +€10,356 | +29.2% |
| Amounts payable within one year | 42/48 | €215,151 | €204,725 | -€10,425 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €8,648 | €30,206 | +€21,558 | +249% |
| Financial debts | 43 | - | €35,187 | +€35,187 | |
| Credit institutions | 430/8 | - | €35,187 | +€35,187 | |
| Trade debts | 44 | €96,122 | €100,249 | +€4,127 | +4.3% |
| Suppliers | 440/4 | €96,122 | €100,249 | +€4,127 | +4.3% |
| Advances received on contracts in progress | 46 | €2,043 | €195 | -€1,848 | -90.5% |
| Taxes, remuneration and social security | 45 | €40,245 | €38,889 | -€1,356 | -3.4% |
| Taxes | 450/3 | €28,164 | €21,232 | -€6,932 | -24.6% |
| Remuneration and social security | 454/9 | €12,081 | €17,657 | +€5,576 | +46.2% |
| Other amounts payable | 47/48 | €68,093 | €0 | -€68,093 | -100% |
| Accrued charges and deferred income | 492/3 | €6,000 | €52,326 | +€46,326 | +772% |
| Remuneration, social security and pensions | 62 | €517,610 | €286,968 | -€230,642 | -44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,111 | €33,224 | -€1,887 | -5.4% |
| Other operating charges | 640/8 | €5,442 | €5,442 | -€1 | 0.0% |
| Gross operating margin | 9900 | €617,889 | €342,690 | -€275,200 | -44.5% |
| Operating profit (loss) | 9901 | €59,726 | €17,056 | -€42,670 | -71.4% |
| Financial income | 75/76B | €8,479 | €9,299 | +€820 | +9.7% |
| Recurring financial income | 75 | €8,479 | €9,299 | +€820 | +9.7% |
| Financial charges | 65/66B | €27,195 | €20,714 | -€6,481 | -23.8% |
| Recurring financial charges | 65 | €27,195 | €20,714 | -€6,481 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €41,010 | €5,641 | -€35,369 | -86.2% |
| Income taxes | 67/77 | €17,067 | €3,332 | -€13,734 | -80.5% |
| Profit (loss) for the period | 9904 | €23,943 | €2,309 | -€21,635 | -90.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,943 | €2,309 | -€21,635 | -90.4% |
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 30 October 2026 via checked.be.