GEURTS VERFGROOTHANDEL: what changed
What changed
GEURTS VERFGROOTHANDEL
NACE 46.833, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€39,798
2024 · €84,048-€44,251
Equity
€870,112
2024 · €830,315+€39,798
Cash
€26,675
2024 · €17,675+€9,000
Balance sheet total
€2.2m
2024 · €2.1m+€37,023
Largest movements
Assets
- Receivables within one year +€27,345
up €27,345 (+3.4%), from €805,753 to €833,098
of which Other amounts receivable: +€78,898
Equity and liabilities
- Trade debts -€108,155
down €108,155 (-17.5%), from €617,638 to €509,483
- Short-term financial debts +€97,000
up €97,000 (+53.9%), from €180,000 to €277,000
- Other debts -€84,000
down €84,000 (-100%), from €84,000 to €0
- Debts after one year +€73,609
up €73,609 (+21.4%), from €343,525 to €417,134
- Reserves +€39,798
up €39,798 (+4.9%), from €811,715 to €851,512
Income statement
- Write-downs +€62,166
up €62,166, from -€47,082 to €15,084
- Other operating charges -€52,244
down €52,244 (-78.4%), from €66,617 to €14,373
- Depreciation +€27,723
up €27,723 (+94.8%), from €29,236 to €56,958
- Gross operating margin -€16,607
down €16,607 (-3.3%), from €506,731 to €490,124
- Staff costs -€15,618
down €15,618 (-4.6%), from €342,128 to €326,510
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€84,048
Gross operating margin
-€16,607
Staff costs
+€15,618
Depreciation
-€27,723
Write-downs
-€62,166
Other operating charges
+€52,244
Financial income
+€5,780
Financial charges
-€12,915
Taxes
+€1,518
Result 2025
€39,798
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€134,595
Investment
-€56,646
Financing
+€200,241
Cash 2024
€17,675
From operations (derived)
-€134,595
Net result for the year
+€39,798
Depreciation
+€56,958
Stocks and contracts
+€16,554
Receivables within one year
-€27,345
Deferred charges and accrued income
-€17,545
Trade debts
-€108,155
Tax, wage and social debts
-€19,369
Other debts
-€84,000
Accrued charges and deferred income
+€8,508
Investment (derived)
-€56,646
Investment in fixed assets (net)
-€56,646
Financing
+€200,241
Debts after one year
+€73,609
Current portion of long-term debt
+€29,632
Short-term financial debts
+€97,000
Cash 2025
€26,675
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,123,998 | €2,161,021 | +€37,023 | +1.7% |
| Fixed assets | 21/28 | €511,417 | €511,105 | -€312 | -0.1% |
| Tangible fixed assets | 22/27 | €497,742 | €500,730 | +€2,988 | +0.6% |
| Plant, machinery and equipment | 23 | €122,046 | €98,926 | -€23,120 | -18.9% |
| Furniture and vehicles | 24 | €1,272 | €728 | -€544 | -42.8% |
| Other tangible fixed assets | 26 | €374,424 | €401,076 | +€26,652 | +7.1% |
| Financial fixed assets | 28 | €13,675 | €10,375 | -€3,300 | -24.1% |
| Current assets | 29/58 | €1,612,581 | €1,649,916 | +€37,335 | +2.3% |
| Stocks and contracts in progress | 3 | €787,042 | €770,488 | -€16,554 | -2.1% |
| Stocks | 30/36 | €787,042 | €770,488 | -€16,554 | -2.1% |
| Amounts receivable within one year | 40/41 | €805,753 | €833,098 | +€27,345 | +3.4% |
| Trade receivables | 40 | €600,972 | €549,419 | -€51,553 | -8.6% |
| Other amounts receivable | 41 | €204,781 | €283,679 | +€78,898 | +38.5% |
| Cash at bank and in hand | 54/58 | €17,675 | €26,675 | +€9,000 | +50.9% |
| Deferred charges and accrued income | 490/1 | €2,111 | €19,656 | +€17,545 | +831% |
| Total equity and liabilities | 10/49 | €2,123,998 | €2,161,021 | +€37,023 | +1.7% |
| Equity | 10/15 | €830,315 | €870,112 | +€39,798 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €811,715 | €851,512 | +€39,798 | +4.9% |
| Distributable reserves | 133 | €811,715 | €851,512 | +€39,798 | +4.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,293,683 | €1,290,909 | -€2,774 | -0.2% |
| Amounts payable after more than one year | 17 | €343,525 | €417,134 | +€73,609 | +21.4% |
| Financial debts | 170/4 | €343,525 | €417,134 | +€73,609 | +21.4% |
| Amounts payable within one year | 42/48 | €950,158 | €865,266 | -€84,892 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €3,588 | €33,219 | +€29,632 | +826% |
| Financial debts | 43 | €180,000 | €277,000 | +€97,000 | +53.9% |
| Credit institutions | 430/8 | €180,000 | €277,000 | +€97,000 | +53.9% |
| Trade debts | 44 | €617,638 | €509,483 | -€108,155 | -17.5% |
| Suppliers | 440/4 | €617,638 | €509,483 | -€108,155 | -17.5% |
| Taxes, remuneration and social security | 45 | €64,932 | €45,564 | -€19,369 | -29.8% |
| Taxes | 450/3 | €34,451 | €10,300 | -€24,152 | -70.1% |
| Remuneration and social security | 454/9 | €30,481 | €35,264 | +€4,783 | +15.7% |
| Other amounts payable | 47/48 | €84,000 | €0 | -€84,000 | -100% |
| Accrued charges and deferred income | 492/3 | - | €8,508 | +€8,508 | |
| Non-recurring operating income | 76A | €2,479 | €0 | -€2,479 | -100% |
| Remuneration, social security and pensions | 62 | €342,128 | €326,510 | -€15,618 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,236 | €56,958 | +€27,723 | +94.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€47,082 | €15,084 | +€62,166 | |
| Other operating charges | 640/8 | €66,617 | €14,373 | -€52,244 | -78.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €506,731 | €490,124 | -€16,607 | -3.3% |
| Operating profit (loss) | 9901 | €115,832 | €77,199 | -€38,633 | -33.4% |
| Financial income | 75/76B | €9,612 | €15,392 | +€5,780 | +60.1% |
| Recurring financial income | 75 | €9,612 | €15,392 | +€5,780 | +60.1% |
| Financial charges | 65/66B | €23,240 | €36,155 | +€12,915 | +55.6% |
| Recurring financial charges | 65 | €23,240 | €36,155 | +€12,915 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | €102,204 | €56,436 | -€45,768 | -44.8% |
| Income taxes | 67/77 | €18,156 | €16,639 | -€1,518 | -8.4% |
| Profit (loss) for the period | 9904 | €84,048 | €39,798 | -€44,251 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €84,048 | €39,798 | -€44,251 | -52.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.