Geusens Performance: 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.
Geusens Performance
Largest movements
- Stocks and contracts +€10,501
new in 2025: €10,501
- Tangible fixed assets -€7,112
down €7,112 (-14.4%), from €49,427 to €42,315
of which Furniture and vehicles: -€9,509
- Cash +€6,783
up €6,783 (+379%), from €1,792 to €8,575
mainly Net result for the year (+€18,804) and Depreciation (+€11,772)
- Receivables within one year -€2,751
no longer reported in 2025 (was €2,751)
of which Trade receivables: -€2,672
- Profit (loss) carried forward +€12,645
no longer reported in 2025 (was -€12,645)
- Other debts -€11,613
down €11,613 (-99.2%), from €11,704 to €91
- Debts after one year -€11,231
down €11,231 (-38.4%), from €29,239 to €18,008
- Tax, wage and social debts +€10,511
up €10,511 (+1,325%), from €793 to €11,304
- Reserves +€6,159
up €6,159 (+160%), from €3,853 to €10,012
- Gross operating margin +€32,630
up €32,630 (+221%), from €14,738 to €47,369
- Taxes +€11,040
up €11,040 (+3,443%), from €321 to €11,361
- Depreciation +€4,974
up €4,974 (+73.2%), from €6,799 to €11,772
- Other operating charges +€1,313
up €1,313 (+78.1%), from €1,681 to €2,994
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 | €56,426 | €63,992 | +€7,567 | +13.4% |
| Fixed assets | 21/28 | €49,427 | €42,315 | -€7,112 | -14.4% |
| Tangible fixed assets | 22/27 | €49,427 | €42,315 | -€7,112 | -14.4% |
| Plant, machinery and equipment | 23 | €1,673 | €4,070 | +€2,397 | +143% |
| Furniture and vehicles | 24 | €47,754 | €38,245 | -€9,509 | -19.9% |
| Current assets | 29/58 | €6,999 | €21,677 | +€14,679 | +210% |
| Stocks and contracts in progress | 3 | - | €10,501 | +€10,501 | |
| Stocks | 30/36 | - | €10,501 | +€10,501 | |
| Amounts receivable within one year | 40/41 | €2,751 | - | -€2,751 | |
| Trade receivables | 40 | €2,672 | - | -€2,672 | |
| Other amounts receivable | 41 | €79 | - | -€79 | |
| Cash at bank and in hand | 54/58 | €1,792 | €8,575 | +€6,783 | +379% |
| Deferred charges and accrued income | 490/1 | €2,456 | €2,601 | +€146 | +5.9% |
| Total equity and liabilities | 10/49 | €56,426 | €63,992 | +€7,567 | +13.4% |
| Equity | 10/15 | €3,608 | €22,412 | +€18,804 | +521% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,853 | €10,012 | +€6,159 | +160% |
| Distributable reserves | 133 | €3,853 | €10,012 | +€6,159 | +160% |
| Profit (loss) carried forward | 14 | -€12,645 | - | +€12,645 | |
| Amounts payable | 17/49 | €52,818 | €41,580 | -€11,238 | -21.3% |
| Amounts payable after more than one year | 17 | €29,239 | €18,008 | -€11,231 | -38.4% |
| Financial debts | 170/4 | €29,239 | €18,008 | -€11,231 | -38.4% |
| Amounts payable within one year | 42/48 | €23,145 | €23,279 | +€134 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €10,649 | €11,231 | +€582 | +5.5% |
| Trade debts | 44 | - | €653 | +€653 | |
| Suppliers | 440/4 | - | €653 | +€653 | |
| Taxes, remuneration and social security | 45 | €793 | €11,304 | +€10,511 | +1,325% |
| Taxes | 450/3 | €793 | €11,304 | +€10,511 | +1,325% |
| Other amounts payable | 47/48 | €11,704 | €91 | -€11,613 | -99.2% |
| Accrued charges and deferred income | 492/3 | €433 | €292 | -€140 | -32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,799 | €11,772 | +€4,974 | +73.2% |
| Other operating charges | 640/8 | €1,681 | €2,994 | +€1,313 | +78.1% |
| Gross operating margin | 9900 | €14,738 | €47,369 | +€32,630 | +221% |
| Operating profit (loss) | 9901 | €6,259 | €32,602 | +€26,344 | +421% |
| Financial income | 75/76B | €78 | €0 | -€78 | -99.9% |
| Recurring financial income | 75 | €78 | €0 | -€78 | -99.9% |
| Financial charges | 65/66B | €2,121 | €2,438 | +€316 | +14.9% |
| Recurring financial charges | 65 | €2,121 | €2,438 | +€316 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €4,215 | €30,165 | +€25,950 | +616% |
| Income taxes | 67/77 | €321 | €11,361 | +€11,040 | +3,443% |
| Profit (loss) for the period | 9904 | €3,894 | €18,804 | +€14,910 | +383% |
| Profit (loss) for the period to be appropriated | 9905 | €3,894 | €18,804 | +€14,910 | +383% |
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 20 October 2026 via checked.be.