GEYPEN EN ZONEN: 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.
GEYPEN EN ZONEN
Largest movements
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Cash +€113,809
up €113,809 (+264%), from €43,188 to €156,997
mainly Current investments (+€150,000) and Trade debts (+€138,408)
- Receivables within one year +€83,298
up €83,298 (+134%), from €61,997 to €145,295
of which Trade receivables: +€70,637
- Stocks and contracts +€67,967
up €67,967 (+36.6%), from €185,583 to €253,551
- Tangible fixed assets +€16,998
up €16,998 (+331%), from €5,130 to €22,128
of which Furniture and vehicles: +€13,310
- Trade debts +€138,408
up €138,408 (+535%), from €25,866 to €164,275
- Other debts -€41,422
down €41,422 (-29.7%), from €139,374 to €97,952
- Reserves +€41,378
up €41,378 (+18.9%), from €219,104 to €260,481
of which Distributable reserves: +€41,378
- Gross operating margin -€14,372
down €14,372 (-19.0%), from €75,640 to €61,268
- Taxes +€8,116
up €8,116 (+62.0%), from €13,096 to €21,212
- Financial charges +€1,710
up €1,710 (+35.4%), from €4,826 to €6,536
- Financial income +€1,681
up €1,681 (+14.8%), from €11,347 to €13,028
- Depreciation +€1,273
up €1,273 (+81.2%), from €1,568 to €2,842
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 | €448,540 | €582,905 | +€134,364 | +30.0% |
| Fixed assets | 21/28 | €5,130 | €22,128 | +€16,998 | +331% |
| Tangible fixed assets | 22/27 | €5,130 | €22,128 | +€16,998 | +331% |
| Land and buildings | 22 | €2,731 | €1,821 | -€910 | -33.3% |
| Plant, machinery and equipment | 23 | €2,155 | €6,753 | +€4,598 | +213% |
| Furniture and vehicles | 24 | €244 | €13,554 | +€13,310 | +5,459% |
| Current assets | 29/58 | €443,411 | €560,777 | +€117,366 | +26.5% |
| Stocks and contracts in progress | 3 | €185,583 | €253,551 | +€67,967 | +36.6% |
| Stocks | 30/36 | €185,583 | €253,551 | +€67,967 | +36.6% |
| Amounts receivable within one year | 40/41 | €61,997 | €145,295 | +€83,298 | +134% |
| Trade receivables | 40 | €22,490 | €93,128 | +€70,637 | +314% |
| Other amounts receivable | 41 | €39,507 | €52,167 | +€12,661 | +32.0% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €43,188 | €156,997 | +€113,809 | +264% |
| Deferred charges and accrued income | 490/1 | €2,642 | €4,934 | +€2,292 | +86.8% |
| Total equity and liabilities | 10/49 | €448,540 | €582,905 | +€134,364 | +30.0% |
| Equity | 10/15 | €269,154 | €310,531 | +€41,378 | +15.4% |
| Contributions | 10/11 | €50,050 | €50,050 | = | 0.0% |
| Capital | 10 | €50,050 | €50,050 | = | 0.0% |
| Issued capital | 100 | €50,050 | €50,050 | = | 0.0% |
| Reserves | 13 | €219,104 | €260,481 | +€41,378 | +18.9% |
| Non-distributable reserves | 130/1 | €5,005 | €5,005 | = | 0.0% |
| Legal reserve | 130 | €5,005 | €5,005 | = | 0.0% |
| Distributable reserves | 133 | €214,099 | €255,476 | +€41,378 | +19.3% |
| Amounts payable | 17/49 | €179,387 | €272,373 | +€92,987 | +51.8% |
| Amounts payable within one year | 42/48 | €179,387 | €271,887 | +€92,500 | +51.6% |
| Current portion of amounts payable after more than one year | 42 | €1,307 | €1,302 | -€6 | -0.4% |
| Trade debts | 44 | €25,866 | €164,275 | +€138,408 | +535% |
| Suppliers | 440/4 | €25,866 | €164,275 | +€138,408 | +535% |
| Taxes, remuneration and social security | 45 | €12,839 | €8,359 | -€4,481 | -34.9% |
| Taxes | 450/3 | €8,376 | €8,359 | -€17 | -0.2% |
| Remuneration and social security | 454/9 | €4,464 | - | -€4,464 | |
| Other amounts payable | 47/48 | €139,374 | €97,952 | -€41,422 | -29.7% |
| Accrued charges and deferred income | 492/3 | - | €487 | +€487 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,568 | €2,842 | +€1,273 | +81.2% |
| Other operating charges | 640/8 | €754 | €649 | -€105 | -14.0% |
| Gross operating margin | 9900 | €75,640 | €61,268 | -€14,372 | -19.0% |
| Operating profit (loss) | 9901 | €73,318 | €57,777 | -€15,540 | -21.2% |
| Financial income | 75/76B | €11,347 | €13,028 | +€1,681 | +14.8% |
| Recurring financial income | 75 | €11,347 | €13,028 | +€1,681 | +14.8% |
| Financial charges | 65/66B | €4,826 | €6,536 | +€1,710 | +35.4% |
| Recurring financial charges | 65 | €4,826 | €6,536 | +€1,710 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | €79,838 | €64,269 | -€15,569 | -19.5% |
| Income taxes | 67/77 | €13,096 | €21,212 | +€8,116 | +62.0% |
| Profit (loss) for the period | 9904 | €66,743 | €43,058 | -€23,685 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,743 | €43,058 | -€23,685 | -35.5% |
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 1 November 2026 via checked.be.