Geuvers: 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.
Geuvers
Largest movements
- Cash -€231,642
down €231,642 (-81.7%), from €283,590 to €51,948
mainly Stocks and contracts (-€137,100) and Investment in fixed assets (net) (-€91,776)
- Stocks and contracts +€137,100
up €137,100 (+9.3%), from €1.5m to €1.6m
of which Contracts in progress: +€82,249
- Current portion of long-term debt +€83,652
up €83,652 (+37.0%), from €226,028 to €309,680
- Trade debts -€82,873
down €82,873 (-11.9%), from €695,753 to €612,880
- Other debts -€78,769
down €78,769 (-29.4%), from €268,214 to €189,445
- Gross operating margin -€216,788
down €216,788 (-12.2%), from €1.8m to €1.6m
- Staff costs -€136,727
down €136,727 (-8.9%), from €1.5m to €1.4m
- Other operating charges -€21,582
down €21,582 (-54.6%), from €39,562 to €17,980
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 | €2,893,136 | €2,844,732 | -€48,404 | -1.7% |
| Fixed assets | 21/28 | €150,136 | €186,621 | +€36,485 | +24.3% |
| Tangible fixed assets | 22/27 | €149,830 | €169,805 | +€19,975 | +13.3% |
| Plant, machinery and equipment | 23 | €5,171 | €5,614 | +€443 | +8.6% |
| Furniture and vehicles | 24 | €47,081 | €91,008 | +€43,927 | +93.3% |
| Other tangible fixed assets | 26 | €97,578 | €73,183 | -€24,394 | -25.0% |
| Financial fixed assets | 28 | €306 | €16,816 | +€16,510 | +5397.7% |
| Current assets | 29/58 | €2,743,000 | €2,658,111 | -€84,889 | -3.1% |
| Stocks and contracts in progress | 3 | €1,471,835 | €1,608,935 | +€137,100 | +9.3% |
| Stocks | 30/36 | €898,804 | €953,655 | +€54,851 | +6.1% |
| Contracts in progress | 37 | €573,031 | €655,280 | +€82,249 | +14.4% |
| Amounts receivable within one year | 40/41 | €987,575 | €997,228 | +€9,653 | +1.0% |
| Trade receivables | 40 | €746,590 | €788,277 | +€41,686 | +5.6% |
| Other amounts receivable | 41 | €240,985 | €208,951 | -€32,034 | -13.3% |
| Cash at bank and in hand | 54/58 | €283,590 | €51,948 | -€231,642 | -81.7% |
| Total equity and liabilities | 10/49 | €2,893,136 | €2,844,732 | -€48,404 | -1.7% |
| Equity | 10/15 | €1,461,124 | €1,484,866 | +€23,742 | +1.6% |
| Contributions | 10/11 | €64,452 | €64,452 | = | 0.0% |
| Reserves | 13 | €359,824 | €359,824 | = | 0.0% |
| Distributable reserves | 133 | €359,824 | €359,824 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,036,847 | €1,060,590 | +€23,742 | +2.3% |
| Amounts payable | 17/49 | €1,432,012 | €1,359,866 | -€72,146 | -5.0% |
| Amounts payable after more than one year | 17 | €189,152 | €191,672 | +€2,520 | +1.3% |
| Financial debts | 170/4 | €189,152 | €191,672 | +€2,520 | +1.3% |
| Amounts payable within one year | 42/48 | €1,242,860 | €1,168,194 | -€74,666 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €226,028 | €309,680 | +€83,652 | +37.0% |
| Trade debts | 44 | €695,753 | €612,880 | -€82,873 | -11.9% |
| Suppliers | 440/4 | €695,753 | €612,880 | -€82,873 | -11.9% |
| Taxes, remuneration and social security | 45 | €52,865 | €56,189 | +€3,324 | +6.3% |
| Taxes | 450/3 | €4,717 | €8,195 | +€3,478 | +73.7% |
| Remuneration and social security | 454/9 | €48,148 | €47,994 | -€155 | -0.3% |
| Other amounts payable | 47/48 | €268,214 | €189,445 | -€78,769 | -29.4% |
| Non-recurring operating income | 76A | €73,295 | - | -€73,295 | |
| Remuneration, social security and pensions | 62 | €1,537,001 | €1,400,274 | -€136,727 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,769 | €55,291 | +€10,522 | +23.5% |
| Other operating charges | 640/8 | €39,562 | €17,980 | -€21,582 | -54.6% |
| Non-recurring operating charges | 66A | €66,509 | - | -€66,509 | |
| Gross operating margin | 9900 | €1,777,161 | €1,560,374 | -€216,788 | -12.2% |
| Operating profit (loss) | 9901 | €89,321 | €86,829 | -€2,492 | -2.8% |
| Financial income | 75/76B | €13,600 | €28 | -€13,572 | -99.8% |
| Recurring financial income | 75 | €13,600 | €28 | -€13,572 | -99.8% |
| Financial charges | 65/66B | €57,256 | €49,078 | -€8,178 | -14.3% |
| Recurring financial charges | 65 | €57,256 | €49,078 | -€8,178 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €45,665 | €37,779 | -€7,886 | -17.3% |
| Income taxes | 67/77 | €14,158 | €14,037 | -€122 | -0.9% |
| Profit (loss) for the period | 9904 | €31,507 | €23,742 | -€7,765 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,507 | €23,742 | -€7,765 | -24.6% |
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 5 October 2026 via checked.be.