Geldhof Frank: 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.
Geldhof Frank
Largest movements
- Cash +€20,959
up €20,959 (+71.2%), from €29,447 to €50,407
mainly Receivables within one year (+€10,316) and Net result for the year (+€8,891)
- Receivables within one year -€10,316
down €10,316 (-76.0%), from €13,566 to €3,251
of which Trade receivables: -€9,406
- Tangible fixed assets -€1,447
down €1,447 (-69.1%), from €2,092 to €646
- Reserves +€7,225
up €7,225 (+15.4%), from €46,832 to €54,057
- Tax, wage and social debts +€2,357
new in 2025: €2,357
- Gross operating margin +€1,371
up €1,371 (+9.7%), from €14,123 to €15,494
- Taxes +€406
up €406 (+9.6%), from €4,218 to €4,624
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 | €50,119 | €59,777 | +€9,659 | +19.3% |
| Fixed assets | 21/28 | €2,092 | €646 | -€1,447 | -69.1% |
| Tangible fixed assets | 22/27 | €2,092 | €646 | -€1,447 | -69.1% |
| Furniture and vehicles | 24 | €2,092 | €646 | -€1,447 | -69.1% |
| Current assets | 29/58 | €48,027 | €59,132 | +€11,105 | +23.1% |
| Amounts receivable within one year | 40/41 | €13,566 | €3,251 | -€10,316 | -76.0% |
| Trade receivables | 40 | €11,875 | €2,469 | -€9,406 | -79.2% |
| Other amounts receivable | 41 | €1,691 | €782 | -€910 | -53.8% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,447 | €50,407 | +€20,959 | +71.2% |
| Deferred charges and accrued income | 490/1 | €13 | €474 | +€461 | +3,609% |
| Total equity and liabilities | 10/49 | €50,119 | €59,777 | +€9,659 | +19.3% |
| Equity | 10/15 | €47,432 | €54,657 | +€7,225 | +15.2% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €46,832 | €54,057 | +€7,225 | +15.4% |
| Distributable reserves | 133 | €46,832 | €54,057 | +€7,225 | +15.4% |
| Amounts payable | 17/49 | €2,687 | €5,120 | +€2,434 | +90.6% |
| Amounts payable within one year | 42/48 | €2,237 | €5,120 | +€2,883 | +129% |
| Trade debts | 44 | €297 | €290 | -€7 | -2.3% |
| Suppliers | 440/4 | €297 | €290 | -€7 | -2.3% |
| Taxes, remuneration and social security | 45 | - | €2,357 | +€2,357 | |
| Taxes | 450/3 | - | €2,357 | +€2,357 | |
| Other amounts payable | 47/48 | €1,941 | €2,474 | +€533 | +27.5% |
| Accrued charges and deferred income | 492/3 | €449 | - | -€449 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,447 | €1,447 | = | 0.0% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €14,123 | €15,494 | +€1,371 | +9.7% |
| Operating profit (loss) | 9901 | €12,227 | €13,586 | +€1,359 | +11.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €80 | €71 | -€9 | -10.9% |
| Recurring financial charges | 65 | €80 | €71 | -€9 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €12,148 | €13,515 | +€1,367 | +11.3% |
| Income taxes | 67/77 | €4,218 | €4,624 | +€406 | +9.6% |
| Profit (loss) for the period | 9904 | €7,929 | €8,891 | +€961 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,929 | €8,891 | +€961 | +12.1% |
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 29 October 2026 via checked.be.