GEURTS CORP.: 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.
GEURTS CORP.
Largest movements
- Cash -€106,602
down €106,602 (-92.2%), from €115,673 to €9,071
mainly Receivables within one year (-€63,739) and Net result for the year (-€58,643)
- Receivables within one year +€63,739
up €63,739 (+77.0%), from €82,751 to €146,490
of which Trade receivables: +€62,391
- Tangible fixed assets -€61,243
down €61,243 (-7.1%), from €865,679 to €804,436
- Stocks and contracts +€13,781
new in 2025: €13,781
- Other debts +€62,552
up €62,552 (+481%), from €13,000 to €75,552
- Profit (loss) carried forward -€58,643
down €58,643 (-24.9%), from €235,800 to €177,157
- Trade debts -€48,991
down €48,991 (-51.4%), from €95,328 to €46,337
- Debts after one year -€27,929
down €27,929 (-4.4%), from €639,915 to €611,985
- Gross operating margin -€119,101
down €119,101 (-40.8%), from €291,768 to €172,667
- Staff costs +€35,024
up €35,024 (+42.1%), from €83,201 to €118,226
- Taxes -€26,546
down €26,546 (-99.5%), from €26,675 to €129
- Financial charges +€20,019
up €20,019 (+836%), from €2,396 to €22,415
- Depreciation +€12,900
up €12,900 (+17.7%), from €73,076 to €85,976
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 | €1,072,292 | €995,198 | -€77,094 | -7.2% |
| Formation expenses | 20 | €576 | €197 | -€379 | -65.8% |
| Fixed assets | 21/28 | €865,679 | €813,916 | -€51,763 | -6.0% |
| Tangible fixed assets | 22/27 | €865,679 | €804,436 | -€61,243 | -7.1% |
| Land and buildings | 22 | €706,750 | €700,082 | -€6,668 | -0.9% |
| Plant, machinery and equipment | 23 | €74,778 | €46,214 | -€28,564 | -38.2% |
| Furniture and vehicles | 24 | €84,151 | €58,140 | -€26,011 | -30.9% |
| Financial fixed assets | 28 | - | €9,480 | +€9,480 | |
| Current assets | 29/58 | €206,037 | €181,085 | -€24,953 | -12.1% |
| Stocks and contracts in progress | 3 | - | €13,781 | +€13,781 | |
| Stocks | 30/36 | - | €13,781 | +€13,781 | |
| Amounts receivable within one year | 40/41 | €82,751 | €146,490 | +€63,739 | +77.0% |
| Trade receivables | 40 | €79,228 | €141,619 | +€62,391 | +78.7% |
| Other amounts receivable | 41 | €3,523 | €4,871 | +€1,348 | +38.3% |
| Cash at bank and in hand | 54/58 | €115,673 | €9,071 | -€106,602 | -92.2% |
| Deferred charges and accrued income | 490/1 | €7,613 | €11,743 | +€4,129 | +54.2% |
| Total equity and liabilities | 10/49 | €1,072,292 | €995,198 | -€77,094 | -7.2% |
| Equity | 10/15 | €238,800 | €180,157 | -€58,643 | -24.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €235,800 | €177,157 | -€58,643 | -24.9% |
| Amounts payable | 17/49 | €833,492 | €815,041 | -€18,451 | -2.2% |
| Amounts payable after more than one year | 17 | €639,915 | €611,985 | -€27,929 | -4.4% |
| Financial debts | 170/4 | €639,915 | €611,985 | -€27,929 | -4.4% |
| Amounts payable within one year | 42/48 | €192,578 | €203,055 | +€10,477 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €27,011 | €27,929 | +€918 | +3.4% |
| Trade debts | 44 | €95,328 | €46,337 | -€48,991 | -51.4% |
| Suppliers | 440/4 | €95,328 | €46,337 | -€48,991 | -51.4% |
| Taxes, remuneration and social security | 45 | €57,239 | €53,237 | -€4,002 | -7.0% |
| Taxes | 450/3 | €32,677 | €18,296 | -€14,381 | -44.0% |
| Remuneration and social security | 454/9 | €24,562 | €34,941 | +€10,379 | +42.3% |
| Other amounts payable | 47/48 | €13,000 | €75,552 | +€62,552 | +481% |
| Accrued charges and deferred income | 492/3 | €1,000 | €0 | -€1,000 | -100% |
| Remuneration, social security and pensions | 62 | €83,201 | €118,226 | +€35,024 | +42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,076 | €85,976 | +€12,900 | +17.7% |
| Other operating charges | 640/8 | €685 | €4,866 | +€4,180 | +610% |
| Gross operating margin | 9900 | €291,768 | €172,667 | -€119,101 | -40.8% |
| Operating profit (loss) | 9901 | €134,805 | -€36,400 | -€171,205 | |
| Financial income | 75/76B | €1,877 | €301 | -€1,576 | -84.0% |
| Recurring financial income | 75 | €1,877 | €301 | -€1,576 | -84.0% |
| Financial charges | 65/66B | €2,396 | €22,415 | +€20,019 | +836% |
| Recurring financial charges | 65 | €2,396 | €22,415 | +€20,019 | +836% |
| Profit (loss) for the period before taxes | 9903 | €134,286 | -€58,514 | -€192,800 | |
| Income taxes | 67/77 | €26,675 | €129 | -€26,546 | -99.5% |
| Profit (loss) for the period | 9904 | €107,611 | -€58,643 | -€166,254 | |
| Profit (loss) for the period to be appropriated | 9905 | €107,611 | -€58,643 | -€166,254 |
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 24 October 2026 via checked.be.