GEURTS-KRPAC: 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-KRPAC
Largest movements
- Tangible fixed assets -€6,670
down €6,670 (-3.7%), from €178,244 to €171,574
of which Land and buildings: -€6,473
- Profit (loss) carried forward -€8,181
down €8,181 (-30.8%), from -€26,525 to -€34,706
- Gross operating margin -€5,724
down €5,724 (-60.3%), from €9,486 to €3,762
- Financial income -€783
down €783 (-99.4%), from €788 to €5
- Depreciation -€704
down €704 (-7.2%), from €9,827 to €9,123
- Taxes +€435
up €435, from -€99 to €336
- Other operating charges +€116
up €116 (+5.0%), from €2,307 to €2,422
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 | €192,012 | €182,900 | -€9,111 | -4.7% |
| Fixed assets | 21/28 | €178,244 | €171,574 | -€6,670 | -3.7% |
| Tangible fixed assets | 22/27 | €178,244 | €171,574 | -€6,670 | -3.7% |
| Land and buildings | 22 | €177,866 | €171,393 | -€6,473 | -3.6% |
| Furniture and vehicles | 24 | €378 | €181 | -€197 | -52.2% |
| Current assets | 29/58 | €13,768 | €11,327 | -€2,441 | -17.7% |
| Amounts receivable within one year | 40/41 | €1,843 | €2,792 | +€949 | +51.5% |
| Trade receivables | 40 | €1,739 | €2,663 | +€924 | +53.1% |
| Other amounts receivable | 41 | €104 | €129 | +€25 | +24.3% |
| Cash at bank and in hand | 54/58 | €7,864 | €5,954 | -€1,911 | -24.3% |
| Deferred charges and accrued income | 490/1 | €4,060 | €2,581 | -€1,480 | -36.4% |
| Total equity and liabilities | 10/49 | €192,012 | €182,900 | -€9,111 | -4.7% |
| Equity | 10/15 | €144,572 | €136,391 | -€8,181 | -5.7% |
| Contributions | 10/11 | €66,004 | €66,004 | = | 0.0% |
| Revaluation surpluses | 12 | €45,623 | €45,623 | = | 0.0% |
| Reserves | 13 | €59,470 | €59,470 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,542 | €3,542 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,542 | €3,542 | = | 0.0% |
| Distributable reserves | 133 | €55,928 | €55,928 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,525 | -€34,706 | -€8,181 | -30.8% |
| Amounts payable | 17/49 | €47,440 | €46,510 | -€931 | -2.0% |
| Amounts payable after more than one year | 17 | €20,820 | €20,820 | = | 0.0% |
| Financial debts | 170/4 | €20,820 | €20,820 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,620 | €25,188 | -€1,432 | -5.4% |
| Trade debts | 44 | €398 | - | -€398 | |
| Suppliers | 440/4 | €398 | - | -€398 | |
| Other amounts payable | 47/48 | €26,222 | €25,188 | -€1,034 | -3.9% |
| Accrued charges and deferred income | 492/3 | - | €501 | +€501 | |
| Non-recurring operating income | 76A | €422 | - | -€422 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,827 | €9,123 | -€704 | -7.2% |
| Other operating charges | 640/8 | €2,307 | €2,422 | +€116 | +5.0% |
| Non-recurring operating charges | 66A | €721 | - | -€721 | |
| Gross operating margin | 9900 | €9,486 | €3,762 | -€5,724 | -60.3% |
| Operating profit (loss) | 9901 | -€3,368 | -€7,783 | -€4,415 | -131% |
| Financial income | 75/76B | €788 | €5 | -€783 | -99.4% |
| Recurring financial income | 75 | €788 | €5 | -€783 | -99.4% |
| Financial charges | 65/66B | €59 | €66 | +€8 | +12.8% |
| Recurring financial charges | 65 | €59 | €66 | +€8 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,639 | -€7,845 | -€5,206 | -197% |
| Income taxes | 67/77 | -€99 | €336 | +€435 | |
| Profit (loss) for the period | 9904 | -€2,540 | -€8,181 | -€5,641 | -222% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,540 | -€8,181 | -€5,641 | -222% |
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.