Geukens Technical Services: what changed
Two fiscal 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.
Geukens Technical Services
Largest movements
- Current investments +€60,000
new in 2025: €60,000
- Cash -€22,449
down €22,449 (-26.2%), from €85,676 to €63,226
mainly Current investments (-€60,000) and Receivables within one year (-€15,437)
- Receivables within one year +€15,437
up €15,437 (+153.5%), from €10,054 to €25,491
- Stocks and contracts +€12,196
up €12,196 (+628.7%), from €1,940 to €14,136
- Tangible fixed assets -€3,779
down €3,779 (-19.5%), from €19,400 to €15,621
of which Furniture and vehicles: -€5,798
- Reserves +€59,146
up €59,146 (+81.2%), from €72,798 to €131,944
- Other debts +€2,316
up €2,316 (+25.5%), from €9,086 to €11,402
- Debts after one year -€2,010
down €2,010 (-100.0%), from €2,010 to €0
- Trade debts +€1,996
up €1,996 (+1902.1%), from €105 to €2,101
- Gross operating margin +€31,039
up €31,039 (+56.4%), from €55,061 to €86,100
- Taxes +€6,564
up €6,564 (+74.9%), from €8,763 to €15,327
- Depreciation -€2,117
down €2,117 (-16.0%), from €13,209 to €11,091
- Financial income +€940
up €940 (+658.4%), from €143 to €1,083
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.
Cash bridge derived
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 | €118,947 | €181,090 | +€62,143 | +52.2% |
| Fixed assets | 21/28 | €20,975 | €17,196 | -€3,779 | -18.0% |
| Tangible fixed assets | 22/27 | €19,400 | €15,621 | -€3,779 | -19.5% |
| Plant, machinery and equipment | 23 | €9,061 | €4,482 | -€4,579 | -50.5% |
| Furniture and vehicles | 24 | €10,339 | €4,541 | -€5,798 | -56.1% |
| Other tangible fixed assets | 26 | - | €6,598 | +€6,598 | |
| Financial fixed assets | 28 | €1,575 | €1,575 | = | 0.0% |
| Current assets | 29/58 | €97,971 | €163,894 | +€65,922 | +67.3% |
| Stocks and contracts in progress | 3 | €1,940 | €14,136 | +€12,196 | +628.7% |
| Stocks | 30/36 | €1,940 | €14,136 | +€12,196 | +628.7% |
| Amounts receivable within one year | 40/41 | €10,054 | €25,491 | +€15,437 | +153.5% |
| Trade receivables | 40 | €10,054 | €25,491 | +€15,437 | +153.5% |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €85,676 | €63,226 | -€22,449 | -26.2% |
| Deferred charges and accrued income | 490/1 | €301 | €1,040 | +€739 | +245.1% |
| Total equity and liabilities | 10/49 | €118,947 | €181,090 | +€62,143 | +52.2% |
| Equity | 10/15 | €75,798 | €134,944 | +€59,146 | +78.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €72,798 | €131,944 | +€59,146 | +81.2% |
| Distributable reserves | 133 | €72,798 | €131,944 | +€59,146 | +81.2% |
| Amounts payable | 17/49 | €43,149 | €46,146 | +€2,997 | +6.9% |
| Amounts payable after more than one year | 17 | €2,010 | €0 | -€2,010 | -100.0% |
| Financial debts | 170/4 | €2,010 | €0 | -€2,010 | -100.0% |
| Amounts payable within one year | 42/48 | €41,139 | €46,146 | +€5,008 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €2,315 | €2,010 | -€305 | -13.2% |
| Trade debts | 44 | €105 | €2,101 | +€1,996 | +1902.1% |
| Suppliers | 440/4 | €105 | €2,101 | +€1,996 | +1902.1% |
| Taxes, remuneration and social security | 45 | €29,632 | €30,633 | +€1,001 | +3.4% |
| Taxes | 450/3 | €29,632 | €30,633 | +€1,001 | +3.4% |
| Other amounts payable | 47/48 | €9,086 | €11,402 | +€2,316 | +25.5% |
| Non-recurring operating income | 76A | - | €3,096 | +€3,096 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,209 | €11,091 | -€2,117 | -16.0% |
| Other operating charges | 640/8 | €1,134 | €1,334 | +€200 | +17.6% |
| Gross operating margin | 9900 | €55,061 | €86,100 | +€31,039 | +56.4% |
| Operating profit (loss) | 9901 | €40,719 | €73,675 | +€32,956 | +80.9% |
| Financial income | 75/76B | €143 | €1,083 | +€940 | +658.4% |
| Recurring financial income | 75 | €143 | €1,083 | +€940 | +658.4% |
| Financial charges | 65/66B | €381 | €285 | -€96 | -25.1% |
| Recurring financial charges | 65 | €381 | €285 | -€96 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €40,481 | €74,473 | +€33,992 | +84.0% |
| Income taxes | 67/77 | €8,763 | €15,327 | +€6,564 | +74.9% |
| Profit (loss) for the period | 9904 | €31,718 | €59,146 | +€27,428 | +86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,718 | €59,146 | +€27,428 | +86.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.