Joris Geens: what changed
Joris Geens
Largest movements
- Receivables within one year -€14,307
down €14,307 (-46.9%), from €30,505 to €16,197
of which Trade receivables: -€15,781
- Cash -€7,177
down €7,177 (-59.0%), from €12,166 to €4,989
mainly Stocks and contracts (-€6,616) and Trade debts (-€6,371)
- Tangible fixed assets -€7,057
down €7,057 (-38.9%), from €18,146 to €11,089
of which Plant, machinery and equipment: -€4,540
- Stocks and contracts +€6,616
up €6,616 (+71.3%), from €9,274 to €15,890
- Deferred charges and accrued income -€2,550
down €2,550 (-32.7%), from €7,797 to €5,247
- Trade debts -€6,371
down €6,371 (-63.6%), from €10,023 to €3,652
- Current portion of long-term debt -€6,108
down €6,108 (-66.4%), from €9,203 to €3,095
- Tax, wage and social debts -€4,934
down €4,934 (-99.9%), from €4,939 to €5
- Reserves -€4,016
down €4,016 (-11.4%), from €35,290 to €31,273
- Debts after one year -€3,095
down €3,095 (-79.8%), from €3,878 to €782
- Other operating charges +€5,671
up €5,671 (+735%), from €771 to €6,442
- Gross operating margin -€5,245
down €5,245 (-30.3%), from €17,293 to €12,048
- Depreciation -€3,966
down €3,966 (-31.8%), from €12,477 to €8,511
- Financial income +€1,197
up €1,197 (+610%), from €196 to €1,393
of which Non-recurring financial income: +€1,334
- Financial charges -€741
down €741 (-24.1%), from €3,082 to €2,340
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 | €77,889 | €53,413 | -€24,476 | -31.4% |
| Fixed assets | 21/28 | €18,146 | €11,089 | -€7,057 | -38.9% |
| Tangible fixed assets | 22/27 | €18,146 | €11,089 | -€7,057 | -38.9% |
| Plant, machinery and equipment | 23 | €9,481 | €4,941 | -€4,540 | -47.9% |
| Furniture and vehicles | 24 | €7,263 | €6,149 | -€1,114 | -15.3% |
| Leasing and similar rights | 25 | €1,402 | - | -€1,402 | |
| Current assets | 29/58 | €59,743 | €42,324 | -€17,419 | -29.2% |
| Stocks and contracts in progress | 3 | €9,274 | €15,890 | +€6,616 | +71.3% |
| Stocks | 30/36 | €9,274 | €15,890 | +€6,616 | +71.3% |
| Amounts receivable within one year | 40/41 | €30,505 | €16,197 | -€14,307 | -46.9% |
| Trade receivables | 40 | €30,505 | €14,724 | -€15,781 | -51.7% |
| Other amounts receivable | 41 | - | €1,474 | +€1,474 | |
| Cash at bank and in hand | 54/58 | €12,166 | €4,989 | -€7,177 | -59.0% |
| Deferred charges and accrued income | 490/1 | €7,797 | €5,247 | -€2,550 | -32.7% |
| Total equity and liabilities | 10/49 | €77,889 | €53,413 | -€24,476 | -31.4% |
| Equity | 10/15 | €40,290 | €36,273 | -€4,016 | -10.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,290 | €31,273 | -€4,016 | -11.4% |
| Distributable reserves | 133 | €35,290 | €31,273 | -€4,016 | -11.4% |
| Amounts payable | 17/49 | €37,599 | €17,140 | -€20,460 | -54.4% |
| Amounts payable after more than one year | 17 | €3,878 | €782 | -€3,095 | -79.8% |
| Financial debts | 170/4 | €3,878 | €782 | -€3,095 | -79.8% |
| Amounts payable within one year | 42/48 | €33,722 | €16,357 | -€17,364 | -51.5% |
| Current portion of amounts payable after more than one year | 42 | €9,203 | €3,095 | -€6,108 | -66.4% |
| Trade debts | 44 | €10,023 | €3,652 | -€6,371 | -63.6% |
| Suppliers | 440/4 | €10,023 | €3,652 | -€6,371 | -63.6% |
| Taxes, remuneration and social security | 45 | €4,939 | €5 | -€4,934 | -99.9% |
| Taxes | 450/3 | €4,939 | €5 | -€4,934 | -99.9% |
| Other amounts payable | 47/48 | €9,557 | €9,605 | +€48 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,477 | €8,511 | -€3,966 | -31.8% |
| Other operating charges | 640/8 | €771 | €6,442 | +€5,671 | +735% |
| Gross operating margin | 9900 | €17,293 | €12,048 | -€5,245 | -30.3% |
| Operating profit (loss) | 9901 | €4,045 | -€2,904 | -€6,950 | |
| Financial income | 75/76B | €196 | €1,393 | +€1,197 | +610% |
| Recurring financial income | 75 | €196 | €59 | -€137 | -70.0% |
| Non-recurring financial income | 76B | - | €1,334 | +€1,334 | |
| Financial charges | 65/66B | €3,082 | €2,340 | -€741 | -24.1% |
| Recurring financial charges | 65 | €3,082 | €2,340 | -€741 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €1,160 | -€3,852 | -€5,011 | |
| Income taxes | 67/77 | €766 | €165 | -€601 | -78.5% |
| Profit (loss) for the period | 9904 | €394 | -€4,016 | -€4,410 | |
| Profit (loss) for the period to be appropriated | 9905 | €394 | -€4,016 | -€4,410 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.