Gheysentrans: what changed
Gheysentrans
Largest movements
- Tangible fixed assets -€11,557
down €11,557 (-28.1%), from €41,068 to €29,511
of which Furniture and vehicles: -€12,576
- Cash -€10,970
down €10,970 (-84.6%), from €12,963 to €1,993
mainly Debts after one year (-€12,502) and Net result for the year (-€6,859)
- Receivables within one year +€5,985
up €5,985 (+347%), from €1,725 to €7,709
of which Trade receivables: +€5,174
- Formation expenses -€684
no longer reported in 2025 (was €684)
- Debts after one year -€12,502
down €12,502 (-34.0%), from €36,773 to €24,271
of which Financial debts: -€8,378
- Reserves -€5,318
no longer reported in 2025 (was €5,318)
- Trade debts +€2,007
up €2,007 (+179%), from €1,124 to €3,131
- Profit (loss) carried forward -€1,541
new in 2025: -€1,541
- Taxes -€2,215
no longer reported in 2025 (was €2,215)
- Gross operating margin +€1,458
up €1,458 (+10.0%), from €14,555 to €16,012
- Depreciation -€1,040
down €1,040 (-18.1%), from €5,730 to €4,691
- Financial charges +€959
up €959 (+120%), from €797 to €1,756
- Other operating charges +€490
up €490 (+99.2%), from €494 to €984
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,440 | €39,454 | -€16,986 | -30.1% |
| Formation expenses | 20 | €684 | - | -€684 | |
| Fixed assets | 21/28 | €41,068 | €29,511 | -€11,557 | -28.1% |
| Tangible fixed assets | 22/27 | €41,068 | €29,511 | -€11,557 | -28.1% |
| Plant, machinery and equipment | 23 | - | €1,020 | +€1,020 | |
| Furniture and vehicles | 24 | €41,068 | €28,491 | -€12,576 | -30.6% |
| Current assets | 29/58 | €14,688 | €9,942 | -€4,745 | -32.3% |
| Amounts receivable after more than one year | 29 | - | €240 | +€240 | |
| Other amounts receivable | 291 | - | €240 | +€240 | |
| Amounts receivable within one year | 40/41 | €1,725 | €7,709 | +€5,985 | +347% |
| Trade receivables | 40 | €564 | €5,738 | +€5,174 | +917% |
| Other amounts receivable | 41 | €1,160 | €1,971 | +€811 | +69.9% |
| Cash at bank and in hand | 54/58 | €12,963 | €1,993 | -€10,970 | -84.6% |
| Total equity and liabilities | 10/49 | €56,440 | €39,454 | -€16,986 | -30.1% |
| Equity | 10/15 | €8,318 | €1,459 | -€6,859 | -82.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,318 | - | -€5,318 | |
| Distributable reserves | 133 | €5,318 | - | -€5,318 | |
| Profit (loss) carried forward | 14 | - | -€1,541 | -€1,541 | |
| Amounts payable | 17/49 | €48,122 | €37,995 | -€10,127 | -21.0% |
| Amounts payable after more than one year | 17 | €36,773 | €24,271 | -€12,502 | -34.0% |
| Financial debts | 170/4 | €32,649 | €24,271 | -€8,378 | -25.7% |
| Other amounts payable | 178/9 | €4,124 | - | -€4,124 | |
| Amounts payable within one year | 42/48 | €11,349 | €13,724 | +€2,375 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €8,010 | €8,378 | +€368 | +4.6% |
| Trade debts | 44 | €1,124 | €3,131 | +€2,007 | +179% |
| Suppliers | 440/4 | €1,124 | €3,131 | +€2,007 | +179% |
| Taxes, remuneration and social security | 45 | €2,215 | €2,215 | = | 0.0% |
| Taxes | 450/3 | €2,215 | €2,215 | = | 0.0% |
| Non-recurring operating income | 76A | - | €997 | +€997 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,730 | €4,691 | -€1,040 | -18.1% |
| Other operating charges | 640/8 | €494 | €984 | +€490 | +99.2% |
| Non-recurring operating charges | 66A | - | €15,448 | +€15,448 | |
| Gross operating margin | 9900 | €14,555 | €16,012 | +€1,458 | +10.0% |
| Operating profit (loss) | 9901 | €8,330 | -€5,111 | -€13,441 | |
| Financial income | 75/76B | €0 | €7 | +€7 | +73,600% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +73,600% |
| Financial charges | 65/66B | €797 | €1,756 | +€959 | +120% |
| Recurring financial charges | 65 | €797 | €1,756 | +€959 | +120% |
| Profit (loss) for the period before taxes | 9903 | €7,533 | -€6,859 | -€14,392 | |
| Income taxes | 67/77 | €2,215 | - | -€2,215 | |
| Profit (loss) for the period | 9904 | €5,318 | -€6,859 | -€12,177 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,318 | -€6,859 | -€12,177 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.