GEYSIR: 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.
GEYSIR
Largest movements
- Current investments +€21,790
up €21,790 (+35.7%), from €61,030 to €82,821
- Receivables after one year -€15,416
down €15,416 (-16.8%), from €91,983 to €76,566
- Tangible fixed assets -€4,680
down €4,680 (-8.6%), from €54,696 to €50,015
of which Furniture and vehicles: -€6,872
- Cash -€4,447
down €4,447 (-7.0%), from €63,318 to €58,872
mainly Contributions, distributions and other (-€39,033) and Current investments (-€21,790)
- Reserves +€22,584
up €22,584 (+10.4%), from €217,163 to €239,747
of which Distributable reserves: +€22,584
- Profit (loss) carried forward -€19,956
down €19,956 (-100.0%), from €19,957 to €1
- Accrued charges and deferred income +€9,960
up €9,960 (+61.9%), from €16,091 to €26,051
- Current portion of long-term debt -€6,754
down €6,754 (-58.0%), from €11,649 to €4,895
- Debts after one year -€4,895
no longer reported in 2025 (was €4,895)
- Gross operating margin -€22,402
down €22,402 (-22.7%), from €98,796 to €76,394
- Taxes -€4,223
down €4,223 (-17.7%), from €23,888 to €19,665
- Financial income +€1,971
up €1,971 (+61.4%), from €3,213 to €5,184
- Depreciation +€1,785
up €1,785 (+11.0%), from €16,229 to €18,014
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 | €299,411 | €300,181 | +€770 | +0.3% |
| Fixed assets | 21/28 | €54,696 | €50,015 | -€4,680 | -8.6% |
| Tangible fixed assets | 22/27 | €54,696 | €50,015 | -€4,680 | -8.6% |
| Land and buildings | 22 | €20,400 | €23,162 | +€2,762 | +13.5% |
| Plant, machinery and equipment | 23 | €3,060 | €2,489 | -€571 | -18.7% |
| Furniture and vehicles | 24 | €31,236 | €24,365 | -€6,872 | -22.0% |
| Current assets | 29/58 | €244,716 | €250,166 | +€5,450 | +2.2% |
| Amounts receivable after more than one year | 29 | €91,983 | €76,566 | -€15,416 | -16.8% |
| Trade receivables | 290 | €91,983 | €76,566 | -€15,416 | -16.8% |
| Amounts receivable within one year | 40/41 | €15,060 | €17,131 | +€2,071 | +13.8% |
| Trade receivables | 40 | €15,056 | €10,829 | -€4,226 | -28.1% |
| Other amounts receivable | 41 | €4 | €6,301 | +€6,297 | +162,726% |
| Current investments | 50/53 | €61,030 | €82,821 | +€21,790 | +35.7% |
| Cash at bank and in hand | 54/58 | €63,318 | €58,872 | -€4,447 | -7.0% |
| Deferred charges and accrued income | 490/1 | €13,325 | €14,776 | +€1,451 | +10.9% |
| Total equity and liabilities | 10/49 | €299,411 | €300,181 | +€770 | +0.3% |
| Equity | 10/15 | €255,720 | €258,348 | +€2,628 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €217,163 | €239,747 | +€22,584 | +10.4% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €198,413 | €220,997 | +€22,584 | +11.4% |
| Profit (loss) carried forward | 14 | €19,957 | €1 | -€19,956 | -100.0% |
| Amounts payable | 17/49 | €43,691 | €41,833 | -€1,858 | -4.3% |
| Amounts payable after more than one year | 17 | €4,895 | - | -€4,895 | |
| Financial debts | 170/4 | €4,895 | - | -€4,895 | |
| Amounts payable within one year | 42/48 | €22,705 | €15,782 | -€6,923 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €11,649 | €4,895 | -€6,754 | -58.0% |
| Financial debts | 43 | €1,837 | €543 | -€1,294 | -70.4% |
| Credit institutions | 430/8 | €1,837 | €543 | -€1,294 | -70.4% |
| Trade debts | 44 | €320 | €581 | +€262 | +81.8% |
| Suppliers | 440/4 | €320 | €581 | +€262 | +81.8% |
| Taxes, remuneration and social security | 45 | €7,580 | €8,142 | +€562 | +7.4% |
| Taxes | 450/3 | €7,580 | €8,142 | +€562 | +7.4% |
| Other amounts payable | 47/48 | €1,320 | €1,621 | +€301 | +22.8% |
| Accrued charges and deferred income | 492/3 | €16,091 | €26,051 | +€9,960 | +61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,229 | €18,014 | +€1,785 | +11.0% |
| Other operating charges | 640/8 | €615 | €813 | +€199 | +32.3% |
| Gross operating margin | 9900 | €98,796 | €76,394 | -€22,402 | -22.7% |
| Operating profit (loss) | 9901 | €81,952 | €57,566 | -€24,386 | -29.8% |
| Financial income | 75/76B | €3,213 | €5,184 | +€1,971 | +61.4% |
| Recurring financial income | 75 | €3,213 | €5,184 | +€1,971 | +61.4% |
| Financial charges | 65/66B | €973 | €1,424 | +€451 | +46.4% |
| Recurring financial charges | 65 | €973 | €1,424 | +€451 | +46.4% |
| Profit (loss) for the period before taxes | 9903 | €84,192 | €61,326 | -€22,866 | -27.2% |
| Income taxes | 67/77 | €23,888 | €19,665 | -€4,223 | -17.7% |
| Profit (loss) for the period | 9904 | €60,304 | €41,661 | -€18,643 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,304 | €41,661 | -€18,643 | -30.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.