Jill GEERTS: 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.
Jill GEERTS
Largest movements
- Receivables within one year +€58,388
up €58,388 (+156%), from €37,374 to €95,762
of which Trade receivables: +€38,620
- Tangible fixed assets -€18,274
down €18,274 (-58.6%), from €31,185 to €12,911
of which Furniture and vehicles: -€9,728
- Receivables after one year -€4,300
down €4,300 (-3.0%), from €144,400 to €140,100
of which Other amounts receivable: -€4,300
- Reserves +€14,750
up €14,750 (+9.8%), from €150,404 to €165,154
- Tax, wage and social debts +€12,069
up €12,069 (+396%), from €3,045 to €15,114
of which Taxes: +€14,605
- Other debts +€5,746
up €5,746 (+36.2%), from €15,862 to €21,608
- Gross operating margin +€16,691
up €16,691 (+58.3%), from €28,624 to €45,314
- Taxes +€7,504
up €7,504 (+1,475%), from €509 to €8,013
- Financial income +€4,500
up €4,500 (+450%), from €1,000 to €5,500
- Depreciation -€1,320
down €1,320 (-6.7%), from €19,594 to €18,274
- Financial charges +€1,122
up €1,122 (+14.5%), from €7,762 to €8,884
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €361,511 | €393,188 | +€31,677 | +8.8% |
| Fixed assets | 21/28 | €161,185 | €142,911 | -€18,274 | -11.3% |
| Tangible fixed assets | 22/27 | €31,185 | €12,911 | -€18,274 | -58.6% |
| Plant, machinery and equipment | 23 | €17,080 | €8,534 | -€8,546 | -50.0% |
| Furniture and vehicles | 24 | €14,105 | €4,377 | -€9,728 | -69.0% |
| Financial fixed assets | 28 | €130,000 | €130,000 | = | 0.0% |
| Current assets | 29/58 | €200,326 | €250,277 | +€49,951 | +24.9% |
| Amounts receivable after more than one year | 29 | €144,400 | €140,100 | -€4,300 | -3.0% |
| Trade receivables | 290 | €110,000 | €110,000 | = | 0.0% |
| Other amounts receivable | 291 | €34,400 | €30,100 | -€4,300 | -12.5% |
| Amounts receivable within one year | 40/41 | €37,374 | €95,762 | +€58,388 | +156% |
| Trade receivables | 40 | €32,770 | €71,390 | +€38,620 | +118% |
| Other amounts receivable | 41 | €4,604 | €24,372 | +€19,768 | +429% |
| Cash at bank and in hand | 54/58 | €16,960 | €13,054 | -€3,906 | -23.0% |
| Deferred charges and accrued income | 490/1 | €1,593 | €1,361 | -€231 | -14.5% |
| Total equity and liabilities | 10/49 | €361,511 | €393,188 | +€31,677 | +8.8% |
| Equity | 10/15 | €220,714 | €235,466 | +€14,752 | +6.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €150,404 | €165,154 | +€14,750 | +9.8% |
| Distributable reserves | 133 | €150,404 | €165,154 | +€14,750 | +9.8% |
| Profit (loss) carried forward | 14 | €50,309 | €50,312 | +€2 | 0.0% |
| Amounts payable | 17/49 | €140,797 | €157,722 | +€16,925 | +12.0% |
| Amounts payable after more than one year | 17 | €120,000 | €120,000 | = | 0.0% |
| Financial debts | 170/4 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,797 | €37,722 | +€16,925 | +81.4% |
| Trade debts | 44 | €1,890 | €1,000 | -€890 | -47.1% |
| Suppliers | 440/4 | €1,890 | €1,000 | -€890 | -47.1% |
| Taxes, remuneration and social security | 45 | €3,045 | €15,114 | +€12,069 | +396% |
| Taxes | 450/3 | €509 | €15,114 | +€14,605 | +2,870% |
| Remuneration and social security | 454/9 | €2,536 | - | -€2,536 | |
| Other amounts payable | 47/48 | €15,862 | €21,608 | +€5,746 | +36.2% |
| Non-recurring operating income | 76A | €4,385 | - | -€4,385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,594 | €18,274 | -€1,320 | -6.7% |
| Other operating charges | 640/8 | €781 | €891 | +€110 | +14.0% |
| Gross operating margin | 9900 | €28,624 | €45,314 | +€16,691 | +58.3% |
| Operating profit (loss) | 9901 | €8,249 | €26,149 | +€17,900 | +217% |
| Financial income | 75/76B | €1,000 | €5,500 | +€4,500 | +450% |
| Recurring financial income | 75 | €1,000 | €5,500 | +€4,500 | +450% |
| Financial charges | 65/66B | €7,762 | €8,884 | +€1,122 | +14.5% |
| Recurring financial charges | 65 | €7,762 | €8,884 | +€1,122 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €1,487 | €22,765 | +€21,279 | +1,431% |
| Income taxes | 67/77 | €509 | €8,013 | +€7,504 | +1,475% |
| Profit (loss) for the period | 9904 | €978 | €14,752 | +€13,775 | +1,409% |
| Profit (loss) for the period to be appropriated | 9905 | €978 | €14,752 | +€13,775 | +1,409% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.