Geysels: 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.
Geysels
Largest movements
- Cash +€184,560
up €184,560 (+80.2%), from €230,085 to €414,645
mainly Net result for the year (+€151,214) and Receivables within one year (+€142,227)
- Receivables within one year -€142,227
down €142,227 (-27.5%), from €516,859 to €374,633
- Stocks and contracts -€31,293
down €31,293 (-77.0%), from €40,663 to €9,370
of which Contracts in progress: -€29,907
- Tangible fixed assets -€22,381
down €22,381 (-16.1%), from €138,891 to €116,510
of which Plant, machinery and equipment: -€16,220
- Financial fixed assets +€10,000
new in 2025: €10,000
- Reserves +€151,214
up €151,214 (+58.1%), from €260,271 to €411,484
- Tax, wage and social debts -€57,504
down €57,504 (-52.5%), from €109,482 to €51,978
of which Taxes: -€63,936
- Other debts -€44,217
down €44,217 (-87.2%), from €50,679 to €6,463
- Debts after one year -€22,664
down €22,664 (-55.6%), from €40,775 to €18,110
- Trade debts -€16,680
down €16,680 (-4.2%), from €400,131 to €383,450
- Gross operating margin +€80,385
up €80,385 (+31.6%), from €254,495 to €334,880
- Taxes +€17,029
up €17,029 (+47.3%), from €35,981 to €53,010
- Depreciation -€14,319
down €14,319 (-27.7%), from €51,749 to €37,430
- Other operating charges +€10,581
up €10,581 (+753%), from €1,405 to €11,986
- Staff costs +€4,989
up €4,989 (+6.2%), from €80,557 to €85,545
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 | €929,430 | €929,313 | -€117 | 0.0% |
| Fixed assets | 21/28 | €138,891 | €126,510 | -€12,381 | -8.9% |
| Tangible fixed assets | 22/27 | €138,891 | €116,510 | -€22,381 | -16.1% |
| Plant, machinery and equipment | 23 | €47,205 | €30,985 | -€16,220 | -34.4% |
| Furniture and vehicles | 24 | €62,575 | €61,143 | -€1,432 | -2.3% |
| Other tangible fixed assets | 26 | €29,111 | €24,382 | -€4,729 | -16.2% |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €790,540 | €802,803 | +€12,263 | +1.6% |
| Stocks and contracts in progress | 3 | €40,663 | €9,370 | -€31,293 | -77.0% |
| Stocks | 30/36 | €7,923 | €6,537 | -€1,386 | -17.5% |
| Contracts in progress | 37 | €32,740 | €2,833 | -€29,907 | -91.3% |
| Amounts receivable within one year | 40/41 | €516,859 | €374,633 | -€142,227 | -27.5% |
| Trade receivables | 40 | €516,859 | €374,633 | -€142,227 | -27.5% |
| Cash at bank and in hand | 54/58 | €230,085 | €414,645 | +€184,560 | +80.2% |
| Deferred charges and accrued income | 490/1 | €2,933 | €4,155 | +€1,223 | +41.7% |
| Total equity and liabilities | 10/49 | €929,430 | €929,313 | -€117 | 0.0% |
| Equity | 10/15 | €280,271 | €431,484 | +€151,214 | +54.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €260,271 | €411,484 | +€151,214 | +58.1% |
| Distributable reserves | 133 | €260,271 | €411,484 | +€151,214 | +58.1% |
| Amounts payable | 17/49 | €649,160 | €497,829 | -€151,331 | -23.3% |
| Amounts payable after more than one year | 17 | €40,775 | €18,110 | -€22,664 | -55.6% |
| Financial debts | 170/4 | €40,775 | €18,110 | -€22,664 | -55.6% |
| Amounts payable within one year | 42/48 | €604,319 | €476,761 | -€127,558 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €21,821 | €22,664 | +€843 | +3.9% |
| Financial debts | 43 | €22,205 | €12,205 | -€10,000 | -45.0% |
| Other loans | 439 | €22,205 | €12,205 | -€10,000 | -45.0% |
| Trade debts | 44 | €400,131 | €383,450 | -€16,680 | -4.2% |
| Suppliers | 440/4 | €400,131 | €383,450 | -€16,680 | -4.2% |
| Taxes, remuneration and social security | 45 | €109,482 | €51,978 | -€57,504 | -52.5% |
| Taxes | 450/3 | €106,615 | €42,678 | -€63,936 | -60.0% |
| Remuneration and social security | 454/9 | €2,867 | €9,300 | +€6,432 | +224% |
| Other amounts payable | 47/48 | €50,679 | €6,463 | -€44,217 | -87.2% |
| Accrued charges and deferred income | 492/3 | €4,066 | €2,958 | -€1,108 | -27.3% |
| Non-recurring operating income | 76A | - | €13,587 | +€13,587 | |
| Remuneration, social security and pensions | 62 | €80,557 | €85,545 | +€4,989 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,749 | €37,430 | -€14,319 | -27.7% |
| Other operating charges | 640/8 | €1,405 | €11,986 | +€10,581 | +753% |
| Gross operating margin | 9900 | €254,495 | €334,880 | +€80,385 | +31.6% |
| Operating profit (loss) | 9901 | €120,784 | €199,919 | +€79,135 | +65.5% |
| Financial income | 75/76B | €7,767 | €6,937 | -€830 | -10.7% |
| Recurring financial income | 75 | €7,767 | €6,937 | -€830 | -10.7% |
| Financial charges | 65/66B | €3,431 | €2,633 | -€798 | -23.3% |
| Recurring financial charges | 65 | €3,431 | €2,633 | -€798 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €125,120 | €204,223 | +€79,103 | +63.2% |
| Income taxes | 67/77 | €35,981 | €53,010 | +€17,029 | +47.3% |
| Profit (loss) for the period | 9904 | €89,139 | €151,214 | +€62,074 | +69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €89,139 | €151,214 | +€62,074 | +69.6% |
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 22 October 2026 via checked.be.