Geoffrey VANBOUT: what changed
What changed
Geoffrey VANBOUT
filed annual accounts (NBB)
Net result for the year
€101,694
2024 · €1.2m-€1.1m
Equity
€3.2m
2024 · €3.1m+€101,694
Cash
€548,067
2024 · €330,891+€217,175
Balance sheet total
€4.3m
2024 · €3.9m+€346,715
Largest movements
Assets
- Tangible fixed assets +€756,239
up €756,239 (+46.0%), from €1.6m to €2.4m
of which Land and buildings: +€703,300
- Current investments -€450,000
down €450,000 (-26.3%), from €1.7m to €1.3m
- Cash +€217,175
up €217,175 (+65.6%), from €330,891 to €548,067
mainly Current investments (+€450,000) and Debts after one year (+€258,682)
- Financial fixed assets -€196,700
down €196,700 (-79.7%), from €246,700 to €50,000
Equity and liabilities
- Debts after one year +€258,682
up €258,682 (+40.5%), from €639,287 to €897,969
of which Financial debts: +€258,682
- Profit (loss) carried forward +€101,694
up €101,694 (+3.7%), from €2.8m to €2.9m
Income statement
- Financial income -€1.2m
down €1.2m (-97.7%), from €1.2m to €26,826
- Gross operating margin +€76,178
up €76,178 (+56.1%), from €135,908 to €212,086
- Depreciation +€16,302
up €16,302 (+32.4%), from €50,346 to €66,648
- Financial charges +€11,310
up €11,310 (+182%), from €6,207 to €17,517
- Other operating charges +€6,093
up €6,093 (+104%), from €5,845 to €11,938
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.2m
Gross operating margin
+€76,178
Depreciation
-€16,302
Other operating charges
-€6,093
Other operating items
+€30,865
Financial income
-€1.2m
Financial charges
-€11,310
Taxes
+€1,480
Result 2025
€101,694
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€134,322
Investment
-€176,187
Financing
+€259,040
Cash 2024
€330,891
From operations (derived)
+€134,322
Net result for the year
+€101,694
Depreciation
+€66,648
Receivables within one year
-€20,000
Other debts
-€14,019
Investment (derived)
-€176,187
Investment in fixed assets (net)
-€626,187
Current investments
+€450,000
Financing
+€259,040
Debts after one year
+€258,682
Current portion of long-term debt
+€358
Cash 2025
€548,067
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,934,404 | €4,281,119 | +€346,715 | +8.8% |
| Fixed assets | 21/28 | €1,890,013 | €2,449,552 | +€559,539 | +29.6% |
| Tangible fixed assets | 22/27 | €1,643,313 | €2,399,552 | +€756,239 | +46.0% |
| Land and buildings | 22 | €1,526,246 | €2,229,546 | +€703,300 | +46.1% |
| Plant, machinery and equipment | 23 | €117,067 | €115,959 | -€1,108 | -0.9% |
| Furniture and vehicles | 24 | - | €54,047 | +€54,047 | |
| Financial fixed assets | 28 | €246,700 | €50,000 | -€196,700 | -79.7% |
| Current assets | 29/58 | €2,044,391 | €1,831,567 | -€212,825 | -10.4% |
| Amounts receivable within one year | 40/41 | - | €20,000 | +€20,000 | |
| Trade receivables | 40 | - | €20,000 | +€20,000 | |
| Current investments | 50/53 | €1,713,500 | €1,263,500 | -€450,000 | -26.3% |
| Cash at bank and in hand | 54/58 | €330,891 | €548,067 | +€217,175 | +65.6% |
| Total equity and liabilities | 10/49 | €3,934,404 | €4,281,119 | +€346,715 | +8.8% |
| Equity | 10/15 | €3,098,083 | €3,199,776 | +€101,694 | +3.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Share premium | 1100/10 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €326,000 | €326,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €326,000 | €326,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,500 | €12,500 | = | 0.0% |
| Own shares acquired | 1312 | €313,500 | €313,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,752,083 | €2,853,776 | +€101,694 | +3.7% |
| Amounts payable | 17/49 | €836,322 | €1,081,343 | +€245,021 | +29.3% |
| Amounts payable after more than one year | 17 | €639,287 | €897,969 | +€258,682 | +40.5% |
| Financial debts | 170/4 | €325,787 | €584,469 | +€258,682 | +79.4% |
| Other amounts payable | 178/9 | €313,500 | €313,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €197,035 | €183,373 | -€13,662 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €20,301 | €20,659 | +€358 | +1.8% |
| Trade debts | 44 | €1,327 | €1,327 | = | 0.0% |
| Suppliers | 440/4 | €1,327 | €1,327 | = | 0.0% |
| Other amounts payable | 47/48 | €175,407 | €161,387 | -€14,019 | -8.0% |
| Non-recurring operating income | 76A | - | €23,616 | +€23,616 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,346 | €66,648 | +€16,302 | +32.4% |
| Other operating charges | 640/8 | €5,845 | €11,938 | +€6,093 | +104% |
| Non-recurring operating charges | 66A | €63,011 | €32,146 | -€30,865 | -49.0% |
| Gross operating margin | 9900 | €135,908 | €212,086 | +€76,178 | +56.1% |
| Operating profit (loss) | 9901 | €16,707 | €101,354 | +€84,647 | +507% |
| Financial income | 75/76B | €1,180,276 | €26,826 | -€1.2m | -97.7% |
| Recurring financial income | 75 | €1,180,276 | €26,826 | -€1.2m | -97.7% |
| Financial charges | 65/66B | €6,207 | €17,517 | +€11,310 | +182% |
| Recurring financial charges | 65 | €6,207 | €17,517 | +€11,310 | +182% |
| Profit (loss) for the period before taxes | 9903 | €1,190,775 | €110,663 | -€1.1m | -90.7% |
| Income taxes | 67/77 | €10,449 | €8,969 | -€1,480 | -14.2% |
| Profit (loss) for the period | 9904 | €1,180,326 | €101,694 | -€1.1m | -91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,180,326 | €101,694 | -€1.1m | -91.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.