GEYSEN: 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.
What changed
GEYSEN
NACE 33.120, Repair and maintenance of machinery
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€599,941
2024 · €19,192-€619,134
Equity
€511,415
2024 · €1.1m-€599,941
Cash
€1.0m
2024 · €1.2m-€179,603
Balance sheet total
€5.0m
2024 · €6.2m-€1.2m
Largest movements
Assets
- Receivables within one year -€447,030
down €447,030 (-12.8%), from €3.5m to €3.1m
of which Trade receivables: -€849,625
- Deferred charges and accrued income -€364,062
down €364,062 (-88.2%), from €412,922 to €48,860
- Cash -€179,603
down €179,603 (-14.8%), from €1.2m to €1.0m
mainly Net result for the year (-€599,941) and Trade debts (-€523,908)
- Tangible fixed assets -€158,236
down €158,236 (-23.8%), from €665,241 to €507,006
of which Other tangible fixed assets: -€110,301
- Intangible fixed assets -€95,349
down €95,349 (-46.6%), from €204,700 to €109,351
Equity and liabilities
- Profit (loss) carried forward -€599,941
down €599,941 (-79.5%), from €754,484 to €154,542
- Trade debts -€523,908
down €523,908 (-56.7%), from €924,141 to €400,233
- Tax, wage and social debts -€133,343
down €133,343 (-6.2%), from €2.2m to €2.0m
of which Taxes: -€320,686
- Other debts -€79,506
down €79,506 (-34.7%), from €229,416 to €149,910
- Current portion of long-term debt +€70,597
up €70,597 (+41.2%), from €171,337 to €241,934
Income statement
- Turnover -€627,217
down €627,217 (-4.4%), from €14.3m to €13.7m
- Services and other goods +€377,683
up €377,683 (+9.5%), from €4.0m to €4.4m
- Staff costs -€265,356
down €265,356 (-2.8%), from €9.6m to €9.4m
- Taxes -€166,740
down €166,740 (-88.8%), from €187,738 to €20,998
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.
Result 2024
€19,192
Turnover
-€627,217
Other operating income
+€72,501
Goods and materials
+€118,183
Services and other goods
-€377,683
Staff costs
+€265,356
Depreciation
-€39,868
Write-downs
-€55,139
Provisions
+€7,272
Other operating charges
-€7,130
Other operating items
-€95,838
Financial income
+€3,247
Financial charges
-€49,559
Taxes
+€166,740
Result 2025
-€599,941
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.
From operations
-€286,416
Investment
-€40,178
Financing
+€146,992
Cash 2024
€1.2m
From operations (derived)
-€286,416
Net result for the year
-€599,941
Depreciation
+€278,924
Stocks and contracts
+€3,002
Receivables within one year
+€447,030
Deferred charges and accrued income
+€364,062
Trade debts
-€523,908
Tax, wage and social debts
-€133,343
Other debts
-€79,506
Accrued charges and deferred income
-€42,735
Investment (derived)
-€40,178
Investment in fixed assets (net)
-€40,178
Financing
+€146,992
Debts after one year
+€61,477
Current portion of long-term debt
+€70,597
Short-term financial debts
+€14,917
Cash 2025
€1.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,187,672 | €4,955,230 | -€1.2m | -19.9% |
| Fixed assets | 21/28 | €880,821 | €642,075 | -€238,746 | -27.1% |
| Intangible fixed assets | 21 | €204,700 | €109,351 | -€95,349 | -46.6% |
| Tangible fixed assets | 22/27 | €665,241 | €507,006 | -€158,236 | -23.8% |
| Plant, machinery and equipment | 23 | €11,948 | €8,174 | -€3,774 | -31.6% |
| Furniture and vehicles | 24 | €132,879 | €88,718 | -€44,161 | -33.2% |
| Other tangible fixed assets | 26 | €520,415 | €410,114 | -€110,301 | -21.2% |
| Financial fixed assets | 28 | €10,880 | €25,719 | +€14,839 | +136.4% |
| Affiliated companies | 280/1 | €2,000 | €2,000 | = | 0.0% |
| Participating interests | 280 | €2,000 | €2,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €8,880 | €23,719 | +€14,839 | +167.1% |
| Amounts receivable and cash guarantees | 285/8 | €8,880 | €23,719 | +€14,839 | +167.1% |
| Current assets | 29/58 | €5,306,851 | €4,313,155 | -€993,696 | -18.7% |
| Stocks and contracts in progress | 3 | €179,145 | €176,144 | -€3,002 | -1.7% |
| Stocks | 30/36 | €176,235 | €176,144 | -€92 | -0.1% |
| Goods purchased for resale | 34 | €176,235 | €176,144 | -€92 | -0.1% |
| Contracts in progress | 37 | €2,910 | - | -€2,910 | |
| Amounts receivable within one year | 40/41 | €3,501,016 | €3,053,986 | -€447,030 | -12.8% |
| Trade receivables | 40 | €2,335,186 | €1,485,561 | -€849,625 | -36.4% |
| Other amounts receivable | 41 | €1,165,830 | €1,568,425 | +€402,595 | +34.5% |
| Cash at bank and in hand | 54/58 | €1,213,769 | €1,034,166 | -€179,603 | -14.8% |
| Deferred charges and accrued income | 490/1 | €412,922 | €48,860 | -€364,062 | -88.2% |
| Total equity and liabilities | 10/49 | €6,187,672 | €4,955,230 | -€1.2m | -19.9% |
| Equity | 10/15 | €1,111,356 | €511,415 | -€599,941 | -54.0% |
| Contributions | 10/11 | €86,800 | €86,800 | = | 0.0% |
| Capital | 10 | €86,800 | €86,800 | = | 0.0% |
| Issued capital | 100 | €99,192 | €99,192 | = | 0.0% |
| Uncalled capital | 101 | €12,392 | €12,392 | = | 0.0% |
| Reserves | 13 | €270,073 | €270,073 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,861 | €10,861 | = | 0.0% |
| Legal reserve | 130 | €10,861 | €10,861 | = | 0.0% |
| Distributable reserves | 133 | €259,212 | €259,212 | = | 0.0% |
| Profit (loss) carried forward | 14 | €754,484 | €154,542 | -€599,941 | -79.5% |
| Provisions and deferred taxes | 16 | €7,272 | €7,272 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €7,272 | €7,272 | = | 0.0% |
| Other liabilities and charges | 164/5 | €7,272 | €7,272 | = | 0.0% |
| Amounts payable | 17/49 | €5,069,044 | €4,436,543 | -€632,500 | -12.5% |
| Amounts payable after more than one year | 17 | €96,804 | €158,282 | +€61,477 | +63.5% |
| Financial debts | 170/4 | €96,804 | €158,282 | +€61,477 | +63.5% |
| Credit institutions | 173 | €96,804 | €158,282 | +€61,477 | +63.5% |
| Amounts payable within one year | 42/48 | €4,918,018 | €4,266,776 | -€651,243 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €171,337 | €241,934 | +€70,597 | +41.2% |
| Financial debts | 43 | €1,431,717 | €1,446,634 | +€14,917 | +1.0% |
| Credit institutions | 430/8 | €1,431,717 | €1,446,634 | +€14,917 | +1.0% |
| Trade debts | 44 | €924,141 | €400,233 | -€523,908 | -56.7% |
| Suppliers | 440/4 | €924,141 | €400,233 | -€523,908 | -56.7% |
| Taxes, remuneration and social security | 45 | €2,161,408 | €2,028,065 | -€133,343 | -6.2% |
| Taxes | 450/3 | €735,749 | €415,063 | -€320,686 | -43.6% |
| Remuneration and social security | 454/9 | €1,425,659 | €1,613,002 | +€187,343 | +13.1% |
| Other amounts payable | 47/48 | €229,416 | €149,910 | -€79,506 | -34.7% |
| Accrued charges and deferred income | 492/3 | €54,221 | €11,486 | -€42,735 | -78.8% |
| Operating income | 70/76A | €14,914,810 | €14,221,146 | -€693,664 | -4.7% |
| Turnover | 70 | €14,279,667 | €13,652,451 | -€627,217 | -4.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€9,815 | -€2,910 | +€6,905 | +70.4% |
| Own construction capitalised | 72 | €256,731 | €2,442 | -€254,289 | -99.0% |
| Other operating income | 74 | €200,052 | €272,553 | +€72,501 | +36.2% |
| Non-recurring operating income | 76A | €188,175 | €296,610 | +€108,435 | +57.6% |
| Operating charges | 60/66A | €14,538,697 | €14,584,595 | +€45,897 | +0.3% |
| Goods for resale, raw materials and consumables | 60 | €615,436 | €497,253 | -€118,183 | -19.2% |
| Purchases | 600/8 | €616,069 | €497,161 | -€118,907 | -19.3% |
| Change in stocks: decrease (increase) | 609 | -€632 | €92 | +€724 | |
| Services and other goods | 61 | €3,988,064 | €4,365,747 | +€377,683 | +9.5% |
| Remuneration, social security and pensions | 62 | €9,630,137 | €9,364,781 | -€265,356 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239,056 | €278,924 | +€39,868 | +16.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €55,139 | +€55,139 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €7,272 | - | -€7,272 | |
| Other operating charges | 640/8 | €15,622 | €22,751 | +€7,130 | +45.6% |
| Non-recurring operating charges | 66A | €43,111 | - | -€43,111 | |
| Operating profit (loss) | 9901 | €376,113 | -€363,449 | -€739,562 | |
| Financial income | 75/76B | €33 | €3,280 | +€3,247 | +9765.0% |
| Recurring financial income | 75 | €33 | €3,280 | +€3,247 | +9765.0% |
| Income from current assets | 751 | €7 | €19 | +€12 | +173.2% |
| Other financial income | 752/9 | €26 | €3,261 | +€3,235 | +12258.3% |
| Financial charges | 65/66B | €169,216 | €218,775 | +€49,559 | +29.3% |
| Recurring financial charges | 65 | €169,216 | €218,775 | +€49,559 | +29.3% |
| Debt charges | 650 | €164,551 | €210,368 | +€45,818 | +27.8% |
| Other financial charges | 652/9 | €4,665 | €8,406 | +€3,741 | +80.2% |
| Profit (loss) for the period before taxes | 9903 | €206,930 | -€578,944 | -€785,874 | |
| Income taxes | 67/77 | €187,738 | €20,998 | -€166,740 | -88.8% |
| Taxes | 670/3 | €187,738 | €20,998 | -€166,740 | -88.8% |
| Profit (loss) for the period | 9904 | €19,192 | -€599,941 | -€619,134 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,192 | -€599,941 | -€619,134 |
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.