Geoffrey Oakes: 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.
Geoffrey Oakes
Largest movements
- Cash +€32,701
up €32,701 (+105%), from €31,279 to €63,980
mainly Net result for the year (+€20,503) and Receivables within one year (+€15,837)
- Receivables within one year -€15,837
down €15,837 (-43.2%), from €36,639 to €20,802
of which Trade receivables: -€14,369
- Profit (loss) carried forward +€8,308
up €8,308 (+14.5%), from €57,284 to €65,593
- Tax, wage and social debts +€3,688
up €3,688 (+43.2%), from €8,538 to €12,226
- Other debts +€2,195
up €2,195 (+3,232%), from €68 to €2,263
- Trade debts +€1,888
up €1,888 (+187%), from €1,008 to €2,896
- Gross operating margin -€37,815
down €37,815 (-58.3%), from €64,839 to €27,024
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 | €68,898 | €84,978 | +€16,080 | +23.3% |
| Fixed assets | 21/28 | €980 | €196 | -€784 | -80.0% |
| Tangible fixed assets | 22/27 | €980 | €196 | -€784 | -80.0% |
| Furniture and vehicles | 24 | €980 | €196 | -€784 | -80.0% |
| Current assets | 29/58 | €67,918 | €84,782 | +€16,864 | +24.8% |
| Amounts receivable within one year | 40/41 | €36,639 | €20,802 | -€15,837 | -43.2% |
| Trade receivables | 40 | €34,334 | €19,965 | -€14,369 | -41.9% |
| Other amounts receivable | 41 | €2,305 | €837 | -€1,468 | -63.7% |
| Cash at bank and in hand | 54/58 | €31,279 | €63,980 | +€32,701 | +105% |
| Total equity and liabilities | 10/49 | €68,898 | €84,978 | +€16,080 | +23.3% |
| Equity | 10/15 | €59,284 | €67,593 | +€8,308 | +14.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,284 | €65,593 | +€8,308 | +14.5% |
| Amounts payable | 17/49 | €9,614 | €17,385 | +€7,772 | +80.8% |
| Amounts payable within one year | 42/48 | €9,614 | €17,385 | +€7,772 | +80.8% |
| Trade debts | 44 | €1,008 | €2,896 | +€1,888 | +187% |
| Suppliers | 440/4 | €1,008 | €2,896 | +€1,888 | +187% |
| Taxes, remuneration and social security | 45 | €8,538 | €12,226 | +€3,688 | +43.2% |
| Taxes | 450/3 | €8,538 | €12,226 | +€3,688 | +43.2% |
| Other amounts payable | 47/48 | €68 | €2,263 | +€2,195 | +3,232% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,104 | €784 | -€320 | -29.0% |
| Other operating charges | 640/8 | - | €393 | +€393 | |
| Gross operating margin | 9900 | €64,839 | €27,024 | -€37,815 | -58.3% |
| Operating profit (loss) | 9901 | €63,735 | €25,847 | -€37,888 | -59.4% |
| Financial charges | 65/66B | €60 | €60 | +€0 | +0.4% |
| Recurring financial charges | 65 | €60 | €60 | +€0 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €63,675 | €25,786 | -€37,888 | -59.5% |
| Income taxes | 67/77 | €5,695 | €5,283 | -€412 | -7.2% |
| Profit (loss) for the period | 9904 | €57,980 | €20,503 | -€37,476 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,980 | €20,503 | -€37,476 | -64.6% |
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 31 October 2026 via checked.be.