GEUQUET: 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.
GEUQUET
Largest movements
- Tangible fixed assets -€10,737
down €10,737 (-12.2%), from €87,718 to €76,982
of which Furniture and vehicles: -€22,408
- Receivables within one year -€6,424
down €6,424 (-6.7%), from €95,356 to €88,932
of which Other amounts receivable: -€4,343
- Debts after one year -€17,122
down €17,122 (-30.9%), from €55,339 to €38,217
- Profit (loss) carried forward +€14,929
up €14,929 (+91.3%), from €16,360 to €31,290
- Other debts -€10,370
down €10,370 (-11.9%), from €87,000 to €76,631
- Tax, wage and social debts -€2,455
down €2,455 (-25.0%), from €9,807 to €7,352
of which Remuneration and social security: -€1,468
- Gross operating margin -€92,131
down €92,131 (-59.4%), from €155,210 to €63,078
- Staff costs -€10,246
down €10,246 (-98.0%), from €10,457 to €211
- Other operating charges -€5,386
down €5,386 (-59.0%), from €9,134 to €3,749
- Financial charges -€3,046
down €3,046 (-50.1%), from €6,081 to €3,034
- Depreciation +€1,833
up €1,833 (+7.8%), from €23,487 to €25,319
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 | €202,906 | €185,372 | -€17,533 | -8.6% |
| Fixed assets | 21/28 | €88,344 | €77,249 | -€11,095 | -12.6% |
| Intangible fixed assets | 21 | €626 | €267 | -€358 | -57.3% |
| Tangible fixed assets | 22/27 | €87,718 | €76,982 | -€10,737 | -12.2% |
| Plant, machinery and equipment | 23 | - | €11,671 | +€11,671 | |
| Furniture and vehicles | 24 | €87,718 | €65,311 | -€22,408 | -25.5% |
| Current assets | 29/58 | €114,562 | €108,124 | -€6,438 | -5.6% |
| Amounts receivable within one year | 40/41 | €95,356 | €88,932 | -€6,424 | -6.7% |
| Trade receivables | 40 | €37,409 | €35,329 | -€2,081 | -5.6% |
| Other amounts receivable | 41 | €57,946 | €53,603 | -€4,343 | -7.5% |
| Cash at bank and in hand | 54/58 | €19,206 | €18,963 | -€243 | -1.3% |
| Deferred charges and accrued income | 490/1 | - | €229 | +€229 | |
| Total equity and liabilities | 10/49 | €202,906 | €185,372 | -€17,533 | -8.6% |
| Equity | 10/15 | €21,360 | €36,290 | +€14,929 | +69.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,360 | €31,290 | +€14,929 | +91.3% |
| Amounts payable | 17/49 | €181,545 | €149,083 | -€32,463 | -17.9% |
| Amounts payable after more than one year | 17 | €55,339 | €38,217 | -€17,122 | -30.9% |
| Financial debts | 170/4 | €55,339 | €38,217 | -€17,122 | -30.9% |
| Amounts payable within one year | 42/48 | €126,206 | €110,866 | -€15,341 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €17,384 | €16,368 | -€1,016 | -5.8% |
| Trade debts | 44 | €12,016 | €10,516 | -€1,500 | -12.5% |
| Suppliers | 440/4 | €12,016 | €10,516 | -€1,500 | -12.5% |
| Taxes, remuneration and social security | 45 | €9,807 | €7,352 | -€2,455 | -25.0% |
| Taxes | 450/3 | €8,339 | €7,352 | -€987 | -11.8% |
| Remuneration and social security | 454/9 | €1,468 | €0 | -€1,468 | -100% |
| Other amounts payable | 47/48 | €87,000 | €76,631 | -€10,370 | -11.9% |
| Remuneration, social security and pensions | 62 | €10,457 | €211 | -€10,246 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,487 | €25,319 | +€1,833 | +7.8% |
| Other operating charges | 640/8 | €9,134 | €3,749 | -€5,386 | -59.0% |
| Gross operating margin | 9900 | €155,210 | €63,078 | -€92,131 | -59.4% |
| Operating profit (loss) | 9901 | €112,132 | €33,799 | -€78,333 | -69.9% |
| Financial income | 75/76B | €1,811 | €3,063 | +€1,252 | +69.1% |
| Recurring financial income | 75 | €1,811 | €3,063 | +€1,252 | +69.1% |
| Financial charges | 65/66B | €6,081 | €3,034 | -€3,046 | -50.1% |
| Recurring financial charges | 65 | €6,081 | €3,034 | -€3,046 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €107,862 | €33,828 | -€74,034 | -68.6% |
| Income taxes | 67/77 | €6,502 | €4,898 | -€1,603 | -24.7% |
| Profit (loss) for the period | 9904 | €101,360 | €28,929 | -€72,431 | -71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €101,360 | €28,929 | -€72,431 | -71.5% |
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 22 October 2026 via checked.be.