GERALDINE LAMY: 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.
GERALDINE LAMY
Largest movements
- Intangible fixed assets -€29,500
down €29,500 (-22.2%), from €132,750 to €103,250
- Cash +€13,029
up €13,029 (+112%), from €11,630 to €24,659
mainly Depreciation (+€31,145) and Net result for the year (+€15,019)
- Receivables within one year +€3,065
up €3,065 (+8.1%), from €37,831 to €40,897
of which Trade receivables: +€6,072
- Other debts -€15,100
down €15,100 (-10.1%), from €149,606 to €134,506
- Tax, wage and social debts +€4,449
new in 2025: €4,449
of which Remuneration and social security: +€2,999
- Gross operating margin +€11,147
up €11,147 (+27.5%), from €40,547 to €51,693
- Taxes +€2,005
up €2,005 (+82.0%), from €2,445 to €4,450
- Depreciation +€676
up €676 (+2.2%), from €30,469 to €31,145
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 | €190,169 | €179,266 | -€10,902 | -5.7% |
| Fixed assets | 21/28 | €136,153 | €108,151 | -€28,002 | -20.6% |
| Intangible fixed assets | 21 | €132,750 | €103,250 | -€29,500 | -22.2% |
| Tangible fixed assets | 22/27 | €3,403 | €4,901 | +€1,498 | +44.0% |
| Plant, machinery and equipment | 23 | €1,619 | €3,881 | +€2,262 | +140% |
| Furniture and vehicles | 24 | €1,784 | €1,020 | -€765 | -42.9% |
| Current assets | 29/58 | €54,016 | €71,116 | +€17,100 | +31.7% |
| Amounts receivable within one year | 40/41 | €37,831 | €40,897 | +€3,065 | +8.1% |
| Trade receivables | 40 | €3,163 | €9,235 | +€6,072 | +192% |
| Other amounts receivable | 41 | €34,668 | €31,661 | -€3,007 | -8.7% |
| Cash at bank and in hand | 54/58 | €11,630 | €24,659 | +€13,029 | +112% |
| Deferred charges and accrued income | 490/1 | €4,555 | €5,560 | +€1,005 | +22.1% |
| Total equity and liabilities | 10/49 | €190,169 | €179,266 | -€10,902 | -5.7% |
| Equity | 10/15 | €39,135 | €39,135 | = | 0.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €35,135 | €35,135 | = | 0.0% |
| Distributable reserves | 133 | €35,135 | €35,135 | = | 0.0% |
| Amounts payable | 17/49 | €151,034 | €140,132 | -€10,902 | -7.2% |
| Amounts payable within one year | 42/48 | €151,034 | €140,132 | -€10,902 | -7.2% |
| Trade debts | 44 | €1,428 | €1,177 | -€251 | -17.6% |
| Suppliers | 440/4 | €1,428 | €1,177 | -€251 | -17.6% |
| Taxes, remuneration and social security | 45 | - | €4,449 | +€4,449 | |
| Taxes | 450/3 | - | €1,450 | +€1,450 | |
| Remuneration and social security | 454/9 | - | €2,999 | +€2,999 | |
| Other amounts payable | 47/48 | €149,606 | €134,506 | -€15,100 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,469 | €31,145 | +€676 | +2.2% |
| Other operating charges | 640/8 | €177 | €208 | +€32 | +17.9% |
| Gross operating margin | 9900 | €40,547 | €51,693 | +€11,147 | +27.5% |
| Operating profit (loss) | 9901 | €9,901 | €20,340 | +€10,439 | +105% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €975 | €870 | -€105 | -10.8% |
| Recurring financial charges | 65 | €975 | €870 | -€105 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €8,926 | €19,469 | +€10,544 | +118% |
| Income taxes | 67/77 | €2,445 | €4,450 | +€2,005 | +82.0% |
| Profit (loss) for the period | 9904 | €6,480 | €15,019 | +€8,539 | +132% |
| Profit (loss) for the period to be appropriated | 9905 | €6,480 | €15,019 | +€8,539 | +132% |
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 20 October 2026 via checked.be.