GEUSENS: what changed
Two fiscal 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.
GEUSENS
Largest movements
- Cash +€665,853
up €665,853 (+213.8%), from €311,379 to €977,232
mainly Net result for the year (+€375,666) and Current investments (+€246,286)
- Current investments -€246,286
down €246,286 (-17.2%), from €1.4m to €1.2m
- Receivables within one year +€38,259
up €38,259 (+207.6%), from €18,427 to €56,687
of which Other amounts receivable: +€23,606
- Reserves +€375,666
up €375,666 (+21.5%), from €1.7m to €2.1m
- Tax, wage and social debts +€78,157
up €78,157 (+249.6%), from €31,307 to €109,465
- Financial income +€154,843
up €154,843 (+881.6%), from €17,563 to €172,406
- Gross operating margin +€56,871
up €56,871 (+19.6%), from €290,336 to €347,207
- Taxes +€32,840
up €32,840 (+32.4%), from €101,316 to €134,156
- Financial charges +€10,772
up €10,772, from -€6,896 to €3,876
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.
Cash bridge derived
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 | €1,800,768 | €2,251,886 | +€451,119 | +25.1% |
| Fixed assets | 21/28 | €14,089 | €9,851 | -€4,238 | -30.1% |
| Tangible fixed assets | 22/27 | €11,114 | €6,876 | -€4,238 | -38.1% |
| Plant, machinery and equipment | 23 | €2,946 | €695 | -€2,251 | -76.4% |
| Furniture and vehicles | 24 | €878 | €151 | -€727 | -82.8% |
| Other tangible fixed assets | 26 | €7,290 | €6,029 | -€1,260 | -17.3% |
| Financial fixed assets | 28 | €2,975 | €2,975 | = | 0.0% |
| Current assets | 29/58 | €1,786,679 | €2,242,036 | +€455,357 | +25.5% |
| Amounts receivable within one year | 40/41 | €18,427 | €56,687 | +€38,259 | +207.6% |
| Trade receivables | 40 | €4,576 | €19,229 | +€14,653 | +320.2% |
| Other amounts receivable | 41 | €13,852 | €37,458 | +€23,606 | +170.4% |
| Current investments | 50/53 | €1,434,016 | €1,187,729 | -€246,286 | -17.2% |
| Cash at bank and in hand | 54/58 | €311,379 | €977,232 | +€665,853 | +213.8% |
| Deferred charges and accrued income | 490/1 | €22,857 | €20,388 | -€2,469 | -10.8% |
| Total equity and liabilities | 10/49 | €1,800,768 | €2,251,886 | +€451,119 | +25.1% |
| Equity | 10/15 | €1,763,085 | €2,138,750 | +€375,666 | +21.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,744,485 | €2,120,150 | +€375,666 | +21.5% |
| Distributable reserves | 133 | €1,744,485 | €2,120,150 | +€375,666 | +21.5% |
| Amounts payable | 17/49 | €37,683 | €113,136 | +€75,453 | +200.2% |
| Amounts payable within one year | 42/48 | €37,683 | €113,136 | +€75,453 | +200.2% |
| Trade debts | 44 | €6,375 | €3,671 | -€2,704 | -42.4% |
| Suppliers | 440/4 | €6,375 | €3,671 | -€2,704 | -42.4% |
| Taxes, remuneration and social security | 45 | €31,307 | €109,465 | +€78,157 | +249.6% |
| Taxes | 450/3 | €31,307 | €109,465 | +€78,157 | +249.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,758 | €4,238 | -€2,520 | -37.3% |
| Other operating charges | 640/8 | €1,641 | €1,676 | +€35 | +2.1% |
| Gross operating margin | 9900 | €290,336 | €347,207 | +€56,871 | +19.6% |
| Operating profit (loss) | 9901 | €281,936 | €341,292 | +€59,357 | +21.1% |
| Financial income | 75/76B | €17,563 | €172,406 | +€154,843 | +881.6% |
| Recurring financial income | 75 | €17,563 | €172,406 | +€154,843 | +881.6% |
| Financial charges | 65/66B | -€6,896 | €3,876 | +€10,772 | |
| Recurring financial charges | 65 | -€6,896 | €3,876 | +€10,772 | |
| Profit (loss) for the period before taxes | 9903 | €306,394 | €509,822 | +€203,427 | +66.4% |
| Income taxes | 67/77 | €101,316 | €134,156 | +€32,840 | +32.4% |
| Profit (loss) for the period | 9904 | €205,078 | €375,666 | +€170,587 | +83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €205,078 | €375,666 | +€170,587 | +83.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.