KEVIN GEERTS: what changed
KEVIN GEERTS
Largest movements
- Cash -€32,159
down €32,159 (-19.4%), from €165,834 to €133,675
mainly Net result for the year (-€12,584) and Receivables after one year (-€9,039)
- Receivables after one year +€9,039
up €9,039 (+12.9%), from €70,000 to €79,039
of which Other amounts receivable: +€29,039
- Current investments +€7,465
up €7,465 (+7.2%), from €103,985 to €111,450
- Tangible fixed assets -€3,780
down €3,780 (-20.6%), from €18,359 to €14,579
of which Furniture and vehicles: -€2,733
- Profit (loss) carried forward -€12,584
down €12,584 (-5.4%), from €231,776 to €219,192
- Trade debts -€4,371
down €4,371 (-65.6%), from €6,658 to €2,288
- Gross operating margin -€72,559
down €72,559, from €57,446 to -€15,114
- Financial income +€10,320
up €10,320 (+1,123%), from €919 to €11,239
- Taxes -€9,670
down €9,670 (-98.1%), from €9,861 to €191
- Depreciation +€1,760
up €1,760 (+45.7%), from €3,849 to €5,609
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 | €368,846 | €349,683 | -€19,163 | -5.2% |
| Fixed assets | 21/28 | €18,359 | €14,579 | -€3,780 | -20.6% |
| Tangible fixed assets | 22/27 | €18,359 | €14,579 | -€3,780 | -20.6% |
| Land and buildings | 22 | €669 | €418 | -€251 | -37.6% |
| Plant, machinery and equipment | 23 | €3,023 | €2,227 | -€796 | -26.3% |
| Furniture and vehicles | 24 | €14,667 | €11,934 | -€2,733 | -18.6% |
| Current assets | 29/58 | €350,487 | €335,104 | -€15,383 | -4.4% |
| Amounts receivable after more than one year | 29 | €70,000 | €79,039 | +€9,039 | +12.9% |
| Trade receivables | 290 | €20,000 | €0 | -€20,000 | -100% |
| Other amounts receivable | 291 | €50,000 | €79,039 | +€29,039 | +58.1% |
| Amounts receivable within one year | 40/41 | €9,652 | €10,941 | +€1,289 | +13.4% |
| Trade receivables | 40 | €2,389 | €3,139 | +€750 | +31.4% |
| Other amounts receivable | 41 | €7,263 | €7,802 | +€539 | +7.4% |
| Current investments | 50/53 | €103,985 | €111,450 | +€7,465 | +7.2% |
| Cash at bank and in hand | 54/58 | €165,834 | €133,675 | -€32,159 | -19.4% |
| Deferred charges and accrued income | 490/1 | €1,016 | - | -€1,016 | |
| Total equity and liabilities | 10/49 | €368,846 | €349,683 | -€19,163 | -5.2% |
| Equity | 10/15 | €358,236 | €345,652 | -€12,584 | -3.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €114,060 | €114,060 | = | 0.0% |
| Distributable reserves | 133 | €114,060 | €114,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €231,776 | €219,192 | -€12,584 | -5.4% |
| Amounts payable | 17/49 | €10,610 | €4,031 | -€6,580 | -62.0% |
| Amounts payable within one year | 42/48 | €8,181 | €4,031 | -€4,150 | -50.7% |
| Trade debts | 44 | €6,658 | €2,288 | -€4,371 | -65.6% |
| Suppliers | 440/4 | €6,658 | €2,288 | -€4,371 | -65.6% |
| Taxes, remuneration and social security | 45 | €1,523 | €1,743 | +€220 | +14.5% |
| Taxes | 450/3 | €1,523 | €1,743 | +€220 | +14.5% |
| Accrued charges and deferred income | 492/3 | €2,429 | €0 | -€2,429 | -100% |
| Non-recurring operating income | 76A | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,849 | €5,609 | +€1,760 | +45.7% |
| Other operating charges | 640/8 | €1,441 | €1,436 | -€5 | -0.4% |
| Gross operating margin | 9900 | €57,446 | -€15,114 | -€72,559 | |
| Operating profit (loss) | 9901 | €52,156 | -€22,158 | -€74,314 | |
| Financial income | 75/76B | €919 | €11,239 | +€10,320 | +1,123% |
| Recurring financial income | 75 | €919 | €11,239 | +€10,320 | +1,123% |
| Financial charges | 65/66B | €1,266 | €1,474 | +€208 | +16.4% |
| Recurring financial charges | 65 | €1,266 | €1,474 | +€208 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €51,809 | -€12,393 | -€64,202 | |
| Income taxes | 67/77 | €9,861 | €191 | -€9,670 | -98.1% |
| Profit (loss) for the period | 9904 | €41,948 | -€12,584 | -€54,531 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,948 | -€12,584 | -€54,531 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.