Groep Geusens: 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.
Groep Geusens
Largest movements
- Receivables within one year +€322,231
up €322,231 (+384%), from €83,833 to €406,064
of which Other amounts receivable: +€322,231
- Current investments -€100,000
down €100,000 (-31.7%), from €315,054 to €215,054
- Tangible fixed assets -€45,257
down €45,257 (-10.7%), from €422,918 to €377,661
of which Furniture and vehicles: -€26,578
- Cash -€16,102
down €16,102 (-32.3%), from €49,780 to €33,677
mainly Receivables within one year (-€322,231) and Investment in fixed assets (net) (-€39,087)
- Reserves +€143,972
up €143,972 (+14.2%), from €1.0m to €1.2m
of which Distributable reserves: +€143,972
- Tax, wage and social debts +€25,884
up €25,884 (+50.8%), from €50,950 to €76,834
of which Remuneration and social security: +€15,275
- Debts after one year -€18,524
down €18,524 (-11.5%), from €161,719 to €143,194
- Staff costs +€73,532
up €73,532 (+32.5%), from €226,328 to €299,859
- Taxes -€29,620
down €29,620 (-29.7%), from €99,647 to €70,027
- Gross operating margin -€11,978
down €11,978 (-1.9%), from €624,812 to €612,834
- Depreciation +€7,045
up €7,045 (+9.1%), from €77,299 to €84,344
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 | €1,302,775 | €1,464,583 | +€161,808 | +12.4% |
| Fixed assets | 21/28 | €422,918 | €377,661 | -€45,257 | -10.7% |
| Tangible fixed assets | 22/27 | €422,918 | €377,661 | -€45,257 | -10.7% |
| Land and buildings | 22 | €208,281 | €197,650 | -€10,632 | -5.1% |
| Plant, machinery and equipment | 23 | €10,202 | €7,636 | -€2,566 | -25.2% |
| Furniture and vehicles | 24 | €186,006 | €159,429 | -€26,578 | -14.3% |
| Other tangible fixed assets | 26 | €18,428 | €12,946 | -€5,482 | -29.7% |
| Current assets | 29/58 | €879,857 | €1,086,922 | +€207,065 | +23.5% |
| Amounts receivable after more than one year | 29 | €419,060 | €419,060 | = | 0.0% |
| Other amounts receivable | 291 | €419,060 | €419,060 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €83,833 | €406,064 | +€322,231 | +384% |
| Trade receivables | 40 | €579 | €579 | = | 0.0% |
| Other amounts receivable | 41 | €83,254 | €405,484 | +€322,231 | +387% |
| Current investments | 50/53 | €315,054 | €215,054 | -€100,000 | -31.7% |
| Cash at bank and in hand | 54/58 | €49,780 | €33,677 | -€16,102 | -32.3% |
| Deferred charges and accrued income | 490/1 | €12,131 | €13,067 | +€936 | +7.7% |
| Total equity and liabilities | 10/49 | €1,302,775 | €1,464,583 | +€161,808 | +12.4% |
| Equity | 10/15 | €1,033,147 | €1,177,120 | +€143,972 | +13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,014,547 | €1,158,520 | +€143,972 | +14.2% |
| Non-distributable reserves | 130/1 | €215,054 | €215,054 | = | 0.0% |
| Own shares acquired | 1312 | €215,054 | €215,054 | = | 0.0% |
| Distributable reserves | 133 | €799,493 | €943,466 | +€143,972 | +18.0% |
| Amounts payable | 17/49 | €269,628 | €287,463 | +€17,835 | +6.6% |
| Amounts payable after more than one year | 17 | €161,719 | €143,194 | -€18,524 | -11.5% |
| Financial debts | 170/4 | €161,719 | €143,194 | -€18,524 | -11.5% |
| Amounts payable within one year | 42/48 | €107,909 | €144,269 | +€36,360 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €17,834 | €18,524 | +€690 | +3.9% |
| Trade debts | 44 | €10,007 | €15,173 | +€5,166 | +51.6% |
| Suppliers | 440/4 | €10,007 | €15,173 | +€5,166 | +51.6% |
| Advances received on contracts in progress | 46 | €6,269 | €10,890 | +€4,621 | +73.7% |
| Taxes, remuneration and social security | 45 | €50,950 | €76,834 | +€25,884 | +50.8% |
| Taxes | 450/3 | €8,574 | €19,184 | +€10,609 | +124% |
| Remuneration and social security | 454/9 | €42,376 | €57,650 | +€15,275 | +36.0% |
| Other amounts payable | 47/48 | €22,848 | €22,847 | -€1 | 0.0% |
| Remuneration, social security and pensions | 62 | €226,328 | €299,859 | +€73,532 | +32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,299 | €84,344 | +€7,045 | +9.1% |
| Other operating charges | 640/8 | €5,765 | €4,773 | -€992 | -17.2% |
| Gross operating margin | 9900 | €624,812 | €612,834 | -€11,978 | -1.9% |
| Operating profit (loss) | 9901 | €315,422 | €223,858 | -€91,564 | -29.0% |
| Financial income | 75/76B | €1,228 | €1,877 | +€649 | +52.9% |
| Recurring financial income | 75 | €1,228 | €1,877 | +€649 | +52.9% |
| Financial charges | 65/66B | €7,362 | €11,736 | +€4,374 | +59.4% |
| Recurring financial charges | 65 | €7,362 | €6,936 | -€426 | -5.8% |
| Non-recurring financial charges | 66B | - | €4,800 | +€4,800 | |
| Profit (loss) for the period before taxes | 9903 | €309,288 | €213,999 | -€95,289 | -30.8% |
| Income taxes | 67/77 | €99,647 | €70,027 | -€29,620 | -29.7% |
| Profit (loss) for the period | 9904 | €209,641 | €143,972 | -€65,669 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €209,641 | €143,972 | -€65,669 | -31.3% |
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 15 October 2026 via checked.be.