Kantoor Geernaert: what changed
Kantoor Geernaert
Largest movements
- Cash +€45,734
up €45,734 (+53.8%), from €85,076 to €130,809
mainly Net result for the year (+€105,718) and Depreciation (+€22,880)
- Tangible fixed assets -€17,582
down €17,582 (-25.0%), from €70,372 to €52,790
of which Furniture and vehicles: -€9,419
- Receivables within one year +€7,150
up €7,150 (+57.6%), from €12,424 to €19,574
of which Trade receivables: +€14,431
- Deferred charges and accrued income -€5,935
down €5,935 (-12.2%), from €48,631 to €42,697
- Profit (loss) carried forward +€99,290
up €99,290 (+90.3%), from -€109,904 to -€10,614
- Reserves -€52,040
down €52,040 (-26.4%), from €197,359 to €145,319
of which Distributable reserves: -€52,040
- Tax, wage and social debts -€12,747
down €12,747 (-63.9%), from €19,964 to €7,217
of which Taxes: -€7,714
- Trade debts -€3,372
down €3,372 (-27.1%), from €12,433 to €9,061
- Gross operating margin +€143,569
up €143,569 (+87.9%), from €163,260 to €306,830
- Taxes +€34,086
up €34,086 (+6,544%), from €521 to €34,607
- Staff costs -€31,013
down €31,013 (-18.0%), from €172,570 to €141,557
- Depreciation -€4,844
down €4,844 (-17.5%), from €27,723 to €22,880
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 | €246,553 | €275,920 | +€29,367 | +11.9% |
| Fixed assets | 21/28 | €70,422 | €52,839 | -€17,582 | -25.0% |
| Tangible fixed assets | 22/27 | €70,372 | €52,790 | -€17,582 | -25.0% |
| Plant, machinery and equipment | 23 | €35,017 | €30,676 | -€4,341 | -12.4% |
| Furniture and vehicles | 24 | €24,502 | €15,083 | -€9,419 | -38.4% |
| Other tangible fixed assets | 26 | €10,852 | €7,031 | -€3,821 | -35.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €176,131 | €223,080 | +€46,949 | +26.7% |
| Amounts receivable within one year | 40/41 | €12,424 | €19,574 | +€7,150 | +57.6% |
| Trade receivables | 40 | €0 | €14,431 | +€14,431 | |
| Other amounts receivable | 41 | €12,424 | €5,143 | -€7,281 | -58.6% |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €85,076 | €130,809 | +€45,734 | +53.8% |
| Deferred charges and accrued income | 490/1 | €48,631 | €42,697 | -€5,935 | -12.2% |
| Total equity and liabilities | 10/49 | €246,553 | €275,920 | +€29,367 | +11.9% |
| Equity | 10/15 | €210,955 | €258,205 | +€47,250 | +22.4% |
| Contributions | 10/11 | €123,500 | €123,500 | = | 0.0% |
| Contributions outside capital | 11 | €123,500 | €123,500 | = | 0.0% |
| Other | 1109/19 | €123,500 | €123,500 | = | 0.0% |
| Reserves | 13 | €197,359 | €145,319 | -€52,040 | -26.4% |
| Non-distributable reserves | 130/1 | €12,350 | €12,350 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,350 | €12,350 | = | 0.0% |
| Distributable reserves | 133 | €185,009 | €132,969 | -€52,040 | -28.1% |
| Profit (loss) carried forward | 14 | -€109,904 | -€10,614 | +€99,290 | +90.3% |
| Amounts payable | 17/49 | €35,598 | €17,715 | -€17,883 | -50.2% |
| Amounts payable within one year | 42/48 | €33,435 | €17,715 | -€15,721 | -47.0% |
| Financial debts | 43 | €1,025 | €1,437 | +€412 | +40.1% |
| Credit institutions | 430/8 | €1,025 | €1,437 | +€412 | +40.1% |
| Trade debts | 44 | €12,433 | €9,061 | -€3,372 | -27.1% |
| Suppliers | 440/4 | €12,433 | €9,061 | -€3,372 | -27.1% |
| Taxes, remuneration and social security | 45 | €19,964 | €7,217 | -€12,747 | -63.9% |
| Taxes | 450/3 | €7,714 | €0 | -€7,714 | -100% |
| Remuneration and social security | 454/9 | €12,249 | €7,217 | -€5,033 | -41.1% |
| Other amounts payable | 47/48 | €13 | €0 | -€13 | -100% |
| Accrued charges and deferred income | 492/3 | €2,163 | €0 | -€2,163 | -100% |
| Remuneration, social security and pensions | 62 | €172,570 | €141,557 | -€31,013 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,723 | €22,880 | -€4,844 | -17.5% |
| Other operating charges | 640/8 | €1,393 | €1,209 | -€185 | -13.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €163,260 | €306,830 | +€143,569 | +87.9% |
| Operating profit (loss) | 9901 | -€38,427 | €141,184 | +€179,611 | |
| Financial income | 75/76B | €50 | €1 | -€49 | -97.4% |
| Recurring financial income | 75 | €50 | €1 | -€49 | -97.4% |
| Financial charges | 65/66B | €688 | €860 | +€172 | +25.0% |
| Recurring financial charges | 65 | €688 | €860 | +€172 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | -€39,064 | €140,325 | +€179,389 | |
| Income taxes | 67/77 | €521 | €34,607 | +€34,086 | +6,544% |
| Profit (loss) for the period | 9904 | -€39,585 | €105,718 | +€145,303 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,585 | €105,718 | +€145,303 |
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.