Geukens Tom: 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.
Geukens Tom
Largest movements
- Tangible fixed assets +€23,992
up €23,992 (+23.6%), from €101,558 to €125,550
of which Furniture and vehicles: +€21,690
- Cash +€15,868
up €15,868 (+937%), from €1,693 to €17,562
mainly Depreciation (+€27,192) and Debts after one year (+€17,583)
- Receivables within one year -€2,728
down €2,728 (-10.8%), from €25,317 to €22,589
of which Trade receivables: -€1,886
- Debts after one year +€17,583
up €17,583 (+40.1%), from €43,810 to €61,393
- Trade debts +€14,721
up €14,721 (+419%), from €3,514 to €18,235
- Reserves +€3,999
up €3,999 (+8.3%), from €47,925 to €51,924
- Current portion of long-term debt +€2,055
up €2,055 (+8.0%), from €25,605 to €27,660
- Other operating charges +€24,805
new in 2025: €24,805
- Gross operating margin +€23,830
up €23,830 (+61.0%), from €39,043 to €62,873
- Depreciation -€3,689
down €3,689 (-11.9%), from €30,880 to €27,192
- Financial charges +€2,025
up €2,025 (+50.6%), from €3,999 to €6,023
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 | €129,566 | €168,233 | +€38,667 | +29.8% |
| Fixed assets | 21/28 | €101,558 | €125,550 | +€23,992 | +23.6% |
| Tangible fixed assets | 22/27 | €101,558 | €125,550 | +€23,992 | +23.6% |
| Plant, machinery and equipment | 23 | €7,975 | €10,277 | +€2,302 | +28.9% |
| Furniture and vehicles | 24 | €93,583 | €115,273 | +€21,690 | +23.2% |
| Current assets | 29/58 | €28,008 | €42,683 | +€14,676 | +52.4% |
| Amounts receivable within one year | 40/41 | €25,317 | €22,589 | -€2,728 | -10.8% |
| Trade receivables | 40 | €17,633 | €15,747 | -€1,886 | -10.7% |
| Other amounts receivable | 41 | €7,684 | €6,841 | -€842 | -11.0% |
| Cash at bank and in hand | 54/58 | €1,693 | €17,562 | +€15,868 | +937% |
| Deferred charges and accrued income | 490/1 | €997 | €2,533 | +€1,536 | +154% |
| Total equity and liabilities | 10/49 | €129,566 | €168,233 | +€38,667 | +29.8% |
| Equity | 10/15 | €52,925 | €56,924 | +€3,999 | +7.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €47,925 | €51,924 | +€3,999 | +8.3% |
| Distributable reserves | 133 | €47,925 | €51,924 | +€3,999 | +8.3% |
| Amounts payable | 17/49 | €76,641 | €111,309 | +€34,669 | +45.2% |
| Amounts payable after more than one year | 17 | €43,810 | €61,393 | +€17,583 | +40.1% |
| Financial debts | 170/4 | €43,810 | €61,393 | +€17,583 | +40.1% |
| Amounts payable within one year | 42/48 | €32,831 | €49,917 | +€17,085 | +52.0% |
| Current portion of amounts payable after more than one year | 42 | €25,605 | €27,660 | +€2,055 | +8.0% |
| Trade debts | 44 | €3,514 | €18,235 | +€14,721 | +419% |
| Suppliers | 440/4 | €3,514 | €18,235 | +€14,721 | +419% |
| Taxes, remuneration and social security | 45 | €3,712 | €4,022 | +€309 | +8.3% |
| Taxes | 450/3 | €926 | €1,222 | +€296 | +31.9% |
| Remuneration and social security | 454/9 | €2,786 | €2,800 | +€14 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,880 | €27,192 | -€3,689 | -11.9% |
| Other operating charges | 640/8 | - | €24,805 | +€24,805 | |
| Gross operating margin | 9900 | €39,043 | €62,873 | +€23,830 | +61.0% |
| Operating profit (loss) | 9901 | €8,163 | €10,877 | +€2,714 | +33.2% |
| Financial income | 75/76B | €642 | €367 | -€276 | -42.9% |
| Recurring financial income | 75 | €642 | €367 | -€276 | -42.9% |
| Financial charges | 65/66B | €3,999 | €6,023 | +€2,025 | +50.6% |
| Recurring financial charges | 65 | €3,999 | €6,023 | +€2,025 | +50.6% |
| Profit (loss) for the period before taxes | 9903 | €4,807 | €5,220 | +€413 | +8.6% |
| Income taxes | 67/77 | €926 | €1,222 | +€296 | +31.9% |
| Profit (loss) for the period | 9904 | €3,881 | €3,999 | +€118 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,881 | €3,999 | +€118 | +3.0% |
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.