GEUNCONSULT: 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.
GEUNCONSULT
Largest movements
- Tangible fixed assets -€18,381
down €18,381 (-29.3%), from €62,697 to €44,316
of which Land and buildings: -€17,836
- Cash +€11,757
up €11,757 (+40.2%), from €29,224 to €40,981
mainly Net result for the year (+€39,185) and Depreciation (+€18,381)
- Receivables after one year -€3,346
down €3,346 (-27.5%), from €12,165 to €8,818
- Receivables within one year -€3,122
down €3,122 (-16.6%), from €18,855 to €15,733
of which Trade receivables: -€3,221
- Debts after one year -€48,000
no longer reported in 2025 (was €48,000)
- Reserves +€38,352
up €38,352 (+59.6%), from €64,388 to €102,740
- Accrued charges and deferred income -€3,734
no longer reported in 2025 (was €3,734)
- Trade debts +€1,764
up €1,764 (+66.8%), from €2,639 to €4,403
- Current portion of long-term debt -€1,414
no longer reported in 2025 (was €1,414)
- Gross operating margin +€57,789
up €57,789 (+97.0%), from €59,577 to €117,366
- Financial charges +€32,722
up €32,722 (+682%), from €4,801 to €37,523
- Taxes +€5,832
up €5,832 (+42.5%), from €13,709 to €19,541
- Depreciation -€2,686
down €2,686 (-12.8%), from €21,067 to €18,381
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 | €134,372 | €122,420 | -€11,952 | -8.9% |
| Fixed assets | 21/28 | €65,597 | €47,216 | -€18,381 | -28.0% |
| Tangible fixed assets | 22/27 | €62,697 | €44,316 | -€18,381 | -29.3% |
| Land and buildings | 22 | €61,739 | €43,903 | -€17,836 | -28.9% |
| Plant, machinery and equipment | 23 | €958 | €413 | -€545 | -56.9% |
| Financial fixed assets | 28 | €2,900 | €2,900 | = | 0.0% |
| Current assets | 29/58 | €68,775 | €75,204 | +€6,429 | +9.3% |
| Amounts receivable after more than one year | 29 | €12,165 | €8,818 | -€3,346 | -27.5% |
| Other amounts receivable | 291 | €12,165 | €8,818 | -€3,346 | -27.5% |
| Amounts receivable within one year | 40/41 | €18,855 | €15,733 | -€3,122 | -16.6% |
| Trade receivables | 40 | €15,607 | €12,386 | -€3,221 | -20.6% |
| Other amounts receivable | 41 | €3,248 | €3,346 | +€99 | +3.0% |
| Cash at bank and in hand | 54/58 | €29,224 | €40,981 | +€11,757 | +40.2% |
| Deferred charges and accrued income | 490/1 | €8,532 | €9,672 | +€1,141 | +13.4% |
| Total equity and liabilities | 10/49 | €134,372 | €122,420 | -€11,952 | -8.9% |
| Equity | 10/15 | €64,388 | €102,740 | +€38,352 | +59.6% |
| Reserves | 13 | €64,388 | €102,740 | +€38,352 | +59.6% |
| Distributable reserves | 133 | €64,388 | €102,740 | +€38,352 | +59.6% |
| Amounts payable | 17/49 | €69,985 | €19,680 | -€50,304 | -71.9% |
| Amounts payable after more than one year | 17 | €48,000 | - | -€48,000 | |
| Other amounts payable | 178/9 | €48,000 | - | -€48,000 | |
| Amounts payable within one year | 42/48 | €18,251 | €19,680 | +€1,430 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €1,414 | - | -€1,414 | |
| Trade debts | 44 | €2,639 | €4,403 | +€1,764 | +66.8% |
| Suppliers | 440/4 | €2,639 | €4,403 | +€1,764 | +66.8% |
| Taxes, remuneration and social security | 45 | €12,098 | €12,961 | +€863 | +7.1% |
| Taxes | 450/3 | €10,099 | €10,896 | +€798 | +7.9% |
| Remuneration and social security | 454/9 | €1,999 | €2,065 | +€65 | +3.3% |
| Other amounts payable | 47/48 | €2,100 | €2,316 | +€217 | +10.3% |
| Accrued charges and deferred income | 492/3 | €3,734 | - | -€3,734 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,067 | €18,381 | -€2,686 | -12.8% |
| Other operating charges | 640/8 | €3,135 | €3,224 | +€89 | +2.8% |
| Gross operating margin | 9900 | €59,577 | €117,366 | +€57,789 | +97.0% |
| Operating profit (loss) | 9901 | €35,374 | €95,760 | +€60,386 | +171% |
| Financial income | 75/76B | €301 | €488 | +€187 | +62.2% |
| Recurring financial income | 75 | €301 | €488 | +€187 | +62.2% |
| Financial charges | 65/66B | €4,801 | €37,523 | +€32,722 | +682% |
| Recurring financial charges | 65 | €4,801 | €37,523 | +€32,722 | +682% |
| Profit (loss) for the period before taxes | 9903 | €30,875 | €58,726 | +€27,851 | +90.2% |
| Income taxes | 67/77 | €13,709 | €19,541 | +€5,832 | +42.5% |
| Profit (loss) for the period | 9904 | €17,166 | €39,185 | +€22,019 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €17,166 | €39,185 | +€22,019 | +128% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.