GROUP GEUKENS: 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.
GROUP GEUKENS
Largest movements
- Stocks and contracts -€246,377
down €246,377 (-75.6%), from €325,929 to €79,552
of which Stocks: -€233,943
- Cash +€37,236
up €37,236 (+34,036%), from €109 to €37,345
mainly Stocks and contracts (+€246,377) and Net result for the year (+€26,654)
- Receivables within one year +€8,382
up €8,382 (+462%), from €1,814 to €10,195
of which Other amounts receivable: +€6,115
- Short-term financial debts -€154,000
no longer reported in 2025 (was €154,000)
- Other debts -€69,216
down €69,216 (-39.9%), from €173,318 to €104,101
- Profit (loss) carried forward +€26,654
up €26,654 (+80.7%), from -€33,027 to -€6,374
- Tax, wage and social debts -€4,326
down €4,326 (-71.1%), from €6,087 to €1,762
- Financial charges -€14,029
down €14,029 (-65.9%), from €21,282 to €7,252
- Gross operating margin -€5,485
down €5,485 (-12.3%), from €44,495 to €39,010
- Other operating charges +€2,601
up €2,601 (+112%), from €2,329 to €4,931
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 | €328,428 | €127,607 | -€200,820 | -61.1% |
| Fixed assets | 21/28 | €576 | - | -€576 | |
| Financial fixed assets | 28 | €576 | - | -€576 | |
| Current assets | 29/58 | €327,852 | €127,607 | -€200,245 | -61.1% |
| Stocks and contracts in progress | 3 | €325,929 | €79,552 | -€246,377 | -75.6% |
| Stocks | 30/36 | €233,943 | - | -€233,943 | |
| Contracts in progress | 37 | €91,986 | €79,552 | -€12,435 | -13.5% |
| Amounts receivable within one year | 40/41 | €1,814 | €10,195 | +€8,382 | +462% |
| Trade receivables | 40 | €428 | €2,695 | +€2,267 | +530% |
| Other amounts receivable | 41 | €1,386 | €7,500 | +€6,115 | +441% |
| Cash at bank and in hand | 54/58 | €109 | €37,345 | +€37,236 | +34,036% |
| Deferred charges and accrued income | 490/1 | - | €515 | +€515 | |
| Total equity and liabilities | 10/49 | €328,428 | €127,607 | -€200,820 | -61.1% |
| Equity | 10/15 | -€13,027 | €13,626 | +€26,654 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,027 | -€6,374 | +€26,654 | +80.7% |
| Amounts payable | 17/49 | €341,455 | €113,981 | -€227,474 | -66.6% |
| Amounts payable within one year | 42/48 | €341,455 | €113,981 | -€227,474 | -66.6% |
| Financial debts | 43 | €154,000 | - | -€154,000 | |
| Credit institutions | 430/8 | €154,000 | - | -€154,000 | |
| Trade debts | 44 | €8,050 | €8,118 | +€68 | +0.8% |
| Suppliers | 440/4 | €8,050 | €8,118 | +€68 | +0.8% |
| Taxes, remuneration and social security | 45 | €6,087 | €1,762 | -€4,326 | -71.1% |
| Taxes | 450/3 | €6,087 | €1,762 | -€4,326 | -71.1% |
| Other amounts payable | 47/48 | €173,318 | €104,101 | -€69,216 | -39.9% |
| Non-recurring operating income | 76A | €2,500 | - | -€2,500 | |
| Other operating charges | 640/8 | €2,329 | €4,931 | +€2,601 | +112% |
| Gross operating margin | 9900 | €44,495 | €39,010 | -€5,485 | -12.3% |
| Operating profit (loss) | 9901 | €42,166 | €34,079 | -€8,086 | -19.2% |
| Financial income | 75/76B | €0 | €100 | +€100 | +36,937% |
| Recurring financial income | 75 | €0 | €100 | +€100 | +36,937% |
| Financial charges | 65/66B | €21,282 | €7,252 | -€14,029 | -65.9% |
| Recurring financial charges | 65 | €21,282 | €7,252 | -€14,029 | -65.9% |
| Profit (loss) for the period before taxes | 9903 | €20,885 | €26,927 | +€6,042 | +28.9% |
| Income taxes | 67/77 | - | €273 | +€273 | |
| Profit (loss) for the period | 9904 | €20,885 | €26,654 | +€5,769 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,885 | €26,654 | +€5,769 | +27.6% |
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.