GEUDENS: 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.
GEUDENS
Largest movements
- Tangible fixed assets -€43,646
down €43,646 (-5.2%), from €832,014 to €788,368
of which Land and buildings: -€26,787
- Deferred charges and accrued income +€23,089
up €23,089 (+1,286%), from €1,796 to €24,885
- Receivables within one year -€21,181
down €21,181 (-91.8%), from €23,073 to €1,892
of which Other amounts receivable: -€20,273
- Cash -€17,169
down €17,169 (-96.6%), from €17,766 to €596
mainly Other debts (-€80,702) and Deferred charges and accrued income (-€23,089)
- Other debts -€80,702
down €80,702 (-20.6%), from €391,869 to €311,167
- Current portion of long-term debt +€37,755
up €37,755 (+54.7%), from €68,971 to €106,726
- Debts after one year -€16,726
down €16,726 (-9.2%), from €181,793 to €165,067
- Other operating charges +€21,036
up €21,036 (+1,431%), from €1,470 to €22,506
- Gross operating margin +€19,316
up €19,316 (+36.2%), from €53,417 to €72,733
- Depreciation -€3,702
down €3,702 (-8.1%), from €45,448 to €41,746
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 | €874,649 | €815,741 | -€58,908 | -6.7% |
| Fixed assets | 21/28 | €832,014 | €788,368 | -€43,646 | -5.2% |
| Tangible fixed assets | 22/27 | €832,014 | €788,368 | -€43,646 | -5.2% |
| Land and buildings | 22 | €789,795 | €763,008 | -€26,787 | -3.4% |
| Plant, machinery and equipment | 23 | €10,118 | €7,018 | -€3,100 | -30.6% |
| Furniture and vehicles | 24 | €32,101 | €18,342 | -€13,759 | -42.9% |
| Current assets | 29/58 | €42,635 | €27,373 | -€15,261 | -35.8% |
| Amounts receivable within one year | 40/41 | €23,073 | €1,892 | -€21,181 | -91.8% |
| Trade receivables | 40 | €2,800 | €1,892 | -€908 | -32.4% |
| Other amounts receivable | 41 | €20,273 | - | -€20,273 | |
| Cash at bank and in hand | 54/58 | €17,766 | €596 | -€17,169 | -96.6% |
| Deferred charges and accrued income | 490/1 | €1,796 | €24,885 | +€23,089 | +1,286% |
| Total equity and liabilities | 10/49 | €874,649 | €815,741 | -€58,908 | -6.7% |
| Equity | 10/15 | €184,417 | €185,281 | +€864 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €189,143 | €183,411 | -€5,732 | -3.0% |
| Tax-exempt reserves | 132 | €173,902 | €168,170 | -€5,732 | -3.3% |
| Distributable reserves | 133 | €15,241 | €15,241 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,326 | -€16,730 | +€6,596 | +28.3% |
| Provisions and deferred taxes | 16 | €43,476 | €42,043 | -€1,433 | -3.3% |
| Deferred taxes | 168 | €43,476 | €42,043 | -€1,433 | -3.3% |
| Amounts payable | 17/49 | €646,756 | €588,418 | -€58,338 | -9.0% |
| Amounts payable after more than one year | 17 | €181,793 | €165,067 | -€16,726 | -9.2% |
| Financial debts | 170/4 | €181,793 | €165,067 | -€16,726 | -9.2% |
| Amounts payable within one year | 42/48 | €464,163 | €422,610 | -€41,553 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €68,971 | €106,726 | +€37,755 | +54.7% |
| Trade debts | 44 | €1,789 | €1,395 | -€394 | -22.0% |
| Suppliers | 440/4 | €1,789 | €1,395 | -€394 | -22.0% |
| Taxes, remuneration and social security | 45 | €1,535 | €3,322 | +€1,787 | +116% |
| Taxes | 450/3 | €1,535 | €3,322 | +€1,787 | +116% |
| Other amounts payable | 47/48 | €391,869 | €311,167 | -€80,702 | -20.6% |
| Accrued charges and deferred income | 492/3 | €800 | €741 | -€59 | -7.4% |
| Non-recurring operating income | 76A | - | €16,902 | +€16,902 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,448 | €41,746 | -€3,702 | -8.1% |
| Other operating charges | 640/8 | €1,470 | €22,506 | +€21,036 | +1,431% |
| Gross operating margin | 9900 | €53,417 | €72,733 | +€19,316 | +36.2% |
| Operating profit (loss) | 9901 | €6,499 | €8,481 | +€1,982 | +30.5% |
| Financial income | 75/76B | €3 | €2 | -€0 | -18.1% |
| Recurring financial income | 75 | €3 | €2 | -€0 | -18.1% |
| Financial charges | 65/66B | €7,662 | €7,798 | +€135 | +1.8% |
| Recurring financial charges | 65 | €7,662 | €7,798 | +€135 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,161 | €685 | +€1,846 | |
| Transfer from deferred taxes | 780 | €1,433 | €1,433 | = | 0.0% |
| Income taxes | 67/77 | €548 | €1,254 | +€706 | +129% |
| Profit (loss) for the period | 9904 | -€276 | €864 | +€1,140 | |
| Transfer from tax-exempt reserves | 789 | €5,732 | €5,732 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,456 | €6,596 | +€1,140 | +20.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.