GEYSEN ACADEMY: 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.
GEYSEN ACADEMY
Largest movements
- Cash +€13,831
up €13,831 (+186%), from €7,428 to €21,259
mainly Other debts (+€120,574) and Accrued charges and deferred income (+€20,335)
- Tangible fixed assets -€10,614
down €10,614 (-34.3%), from €30,930 to €20,316
of which Plant, machinery and equipment: -€8,842
- Deferred charges and accrued income +€3,673
new in 2025: €3,673
- Receivables within one year -€3,097
down €3,097 (-1.6%), from €196,016 to €192,919
of which Trade receivables: -€3,103
- Other debts +€120,574
up €120,574 (+37.4%), from €322,562 to €443,136
- Profit (loss) carried forward -€69,547
down €69,547 (-21.8%), from -€319,473 to -€389,019
- Trade debts -€38,725
down €38,725 (-48.5%), from €79,847 to €41,123
- Debts after one year -€28,845
down €28,845 (-48.0%), from €60,093 to €31,248
- Accrued charges and deferred income +€20,335
new in 2025: €20,335
- Gross operating margin -€38,324
down €38,324 (-144%), from -€26,695 to -€65,020
- Financial income +€7,786
new in 2025: €7,786
- Depreciation -€4,480
down €4,480 (-29.7%), from €15,094 to €10,614
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 | €234,374 | €238,167 | +€3,794 | +1.6% |
| Fixed assets | 21/28 | €30,930 | €20,316 | -€10,614 | -34.3% |
| Tangible fixed assets | 22/27 | €30,930 | €20,316 | -€10,614 | -34.3% |
| Plant, machinery and equipment | 23 | €25,057 | €16,215 | -€8,842 | -35.3% |
| Furniture and vehicles | 24 | €1,580 | €1,193 | -€387 | -24.5% |
| Other tangible fixed assets | 26 | €4,293 | €2,908 | -€1,385 | -32.3% |
| Current assets | 29/58 | €203,444 | €217,851 | +€14,408 | +7.1% |
| Amounts receivable within one year | 40/41 | €196,016 | €192,919 | -€3,097 | -1.6% |
| Trade receivables | 40 | €48,454 | €45,351 | -€3,103 | -6.4% |
| Other amounts receivable | 41 | €147,562 | €147,568 | +€6 | 0.0% |
| Cash at bank and in hand | 54/58 | €7,428 | €21,259 | +€13,831 | +186% |
| Deferred charges and accrued income | 490/1 | - | €3,673 | +€3,673 | |
| Total equity and liabilities | 10/49 | €234,374 | €238,167 | +€3,794 | +1.6% |
| Equity | 10/15 | -€256,973 | -€326,519 | -€69,547 | -27.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€319,473 | -€389,019 | -€69,547 | -21.8% |
| Amounts payable | 17/49 | €491,346 | €564,686 | +€73,340 | +14.9% |
| Amounts payable after more than one year | 17 | €60,093 | €31,248 | -€28,845 | -48.0% |
| Financial debts | 170/4 | €60,093 | €31,248 | -€28,845 | -48.0% |
| Amounts payable within one year | 42/48 | €431,253 | €513,103 | +€81,850 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €28,845 | €28,845 | = | 0.0% |
| Trade debts | 44 | €79,847 | €41,123 | -€38,725 | -48.5% |
| Suppliers | 440/4 | €79,847 | €41,123 | -€38,725 | -48.5% |
| Other amounts payable | 47/48 | €322,562 | €443,136 | +€120,574 | +37.4% |
| Accrued charges and deferred income | 492/3 | - | €20,335 | +€20,335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,094 | €10,614 | -€4,480 | -29.7% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€26,695 | -€65,020 | -€38,324 | -144% |
| Operating profit (loss) | 9901 | -€42,295 | -€76,153 | -€33,858 | -80.1% |
| Financial income | 75/76B | - | €7,786 | +€7,786 | |
| Recurring financial income | 75 | - | €7,786 | +€7,786 | |
| Financial charges | 65/66B | €1,602 | €1,179 | -€423 | -26.4% |
| Recurring financial charges | 65 | €1,602 | €1,179 | -€423 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | -€43,897 | -€69,547 | -€25,650 | -58.4% |
| Profit (loss) for the period | 9904 | -€43,897 | -€69,547 | -€25,650 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,897 | -€69,547 | -€25,650 | -58.4% |
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 31 October 2026 via checked.be.