Gheysens: 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.
Gheysens
Largest movements
- Receivables after one year +€79,778
up €79,778 (+47.8%), from €166,936 to €246,714
- Receivables within one year -€35,054
down €35,054 (-37.9%), from €92,541 to €57,487
of which Trade receivables: -€36,686
- Cash -€27,475
down €27,475 (-38.3%), from €71,811 to €44,336
mainly Receivables after one year (-€79,778) and Contributions, distributions and other (-€49,000)
- Reserves +€24,266
up €24,266 (+7.9%), from €307,994 to €332,260
- Tax, wage and social debts -€8,321
down €8,321 (-25.2%), from €32,995 to €24,673
- Gross operating margin -€23,025
down €23,025 (-18.3%), from €126,013 to €102,987
- Taxes -€4,025
down €4,025 (-12.3%), from €32,733 to €28,709
- Financial income +€1,613
up €1,613 (+39.2%), from €4,114 to €5,728
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 | €345,332 | €359,950 | +€14,618 | +4.2% |
| Fixed assets | 21/28 | €9,541 | €6,721 | -€2,820 | -29.6% |
| Tangible fixed assets | 22/27 | €9,541 | €6,721 | -€2,820 | -29.6% |
| Plant, machinery and equipment | 23 | €3,082 | €2,345 | -€737 | -23.9% |
| Furniture and vehicles | 24 | €6,460 | €4,377 | -€2,083 | -32.2% |
| Current assets | 29/58 | €335,791 | €353,229 | +€17,438 | +5.2% |
| Amounts receivable after more than one year | 29 | €166,936 | €246,714 | +€79,778 | +47.8% |
| Other amounts receivable | 291 | €166,936 | €246,714 | +€79,778 | +47.8% |
| Amounts receivable within one year | 40/41 | €92,541 | €57,487 | -€35,054 | -37.9% |
| Trade receivables | 40 | €90,891 | €54,205 | -€36,686 | -40.4% |
| Other amounts receivable | 41 | €1,650 | €3,282 | +€1,632 | +98.9% |
| Cash at bank and in hand | 54/58 | €71,811 | €44,336 | -€27,475 | -38.3% |
| Deferred charges and accrued income | 490/1 | €4,503 | €4,692 | +€190 | +4.2% |
| Total equity and liabilities | 10/49 | €345,332 | €359,950 | +€14,618 | +4.2% |
| Equity | 10/15 | €308,988 | €333,254 | +€24,266 | +7.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €307,994 | €332,260 | +€24,266 | +7.9% |
| Distributable reserves | 133 | €307,994 | €332,260 | +€24,266 | +7.9% |
| Profit (loss) carried forward | 14 | €894 | €894 | = | 0.0% |
| Amounts payable | 17/49 | €36,344 | €26,696 | -€9,648 | -26.5% |
| Amounts payable within one year | 42/48 | €36,344 | €26,696 | -€9,648 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,349 | €2,023 | -€1,327 | -39.6% |
| Suppliers | 440/4 | €3,349 | €2,023 | -€1,327 | -39.6% |
| Taxes, remuneration and social security | 45 | €32,995 | €24,673 | -€8,321 | -25.2% |
| Taxes | 450/3 | €32,995 | €24,673 | -€8,321 | -25.2% |
| Non-recurring operating income | 76A | €12,916 | €0 | -€12,916 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,478 | €4,034 | +€556 | +16.0% |
| Other operating charges | 640/8 | €723 | €587 | -€136 | -18.8% |
| Gross operating margin | 9900 | €126,013 | €102,987 | -€23,025 | -18.3% |
| Operating profit (loss) | 9901 | €121,812 | €98,366 | -€23,446 | -19.2% |
| Financial income | 75/76B | €4,114 | €5,728 | +€1,613 | +39.2% |
| Recurring financial income | 75 | €4,114 | €5,728 | +€1,613 | +39.2% |
| Financial charges | 65/66B | €2,106 | €2,120 | +€14 | +0.7% |
| Recurring financial charges | 65 | €2,106 | €2,120 | +€14 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €123,821 | €101,975 | -€21,846 | -17.6% |
| Income taxes | 67/77 | €32,733 | €28,709 | -€4,025 | -12.3% |
| Profit (loss) for the period | 9904 | €91,088 | €73,266 | -€17,821 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €91,088 | €73,266 | -€17,821 | -19.6% |
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 26 October 2026 via checked.be.