KRIS VAN GEERT: 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.
KRIS VAN GEERT
Largest movements
- Tangible fixed assets -€15,816
down €15,816 (-4.7%), from €335,116 to €319,300
of which Land and buildings: -€12,442
- Receivables within one year -€12,806
down €12,806 (-8.8%), from €146,309 to €133,502
of which Other amounts receivable: -€13,123
- Cash +€11,979
up €11,979 (+358%), from €3,350 to €15,329
mainly Depreciation (+€28,888) and Receivables within one year (+€12,806)
- Other debts -€36,000
no longer reported in 2025 (was €36,000)
- Reserves +€11,600
up €11,600 (+21.2%), from €54,625 to €66,225
of which Distributable reserves: +€11,600
- Short-term financial debts -€6,172
down €6,172 (-28.3%), from €21,792 to €15,620
- Gross operating margin -€29,979
down €29,979 (-30.6%), from €98,113 to €68,134
- Financial charges +€7,848
up €7,848 (+61.5%), from €12,753 to €20,601
- Depreciation +€4,953
up €4,953 (+20.7%), from €23,936 to €28,888
- Staff costs +€1,939
new in 2025: €1,939
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 | €517,470 | €495,771 | -€21,700 | -4.2% |
| Fixed assets | 21/28 | €335,116 | €319,300 | -€15,816 | -4.7% |
| Tangible fixed assets | 22/27 | €335,116 | €319,300 | -€15,816 | -4.7% |
| Land and buildings | 22 | €321,461 | €309,018 | -€12,442 | -3.9% |
| Plant, machinery and equipment | 23 | €12,108 | €9,351 | -€2,757 | -22.8% |
| Furniture and vehicles | 24 | €1,548 | €931 | -€617 | -39.8% |
| Current assets | 29/58 | €182,354 | €176,470 | -€5,884 | -3.2% |
| Amounts receivable within one year | 40/41 | €146,309 | €133,502 | -€12,806 | -8.8% |
| Trade receivables | 40 | €66,873 | €67,190 | +€317 | +0.5% |
| Other amounts receivable | 41 | €79,436 | €66,312 | -€13,123 | -16.5% |
| Cash at bank and in hand | 54/58 | €3,350 | €15,329 | +€11,979 | +358% |
| Deferred charges and accrued income | 490/1 | €32,696 | €27,639 | -€5,057 | -15.5% |
| Total equity and liabilities | 10/49 | €517,470 | €495,771 | -€21,700 | -4.2% |
| Equity | 10/15 | €97,831 | €109,539 | +€11,708 | +12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,625 | €66,225 | +€11,600 | +21.2% |
| Tax-exempt reserves | 132 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €43,625 | €55,225 | +€11,600 | +26.6% |
| Profit (loss) carried forward | 14 | €24,606 | €24,714 | +€108 | +0.4% |
| Amounts payable | 17/49 | €419,640 | €386,232 | -€33,408 | -8.0% |
| Amounts payable after more than one year | 17 | €336,621 | €338,002 | +€1,381 | +0.4% |
| Financial debts | 170/4 | €333,621 | €335,002 | +€1,381 | +0.4% |
| Other amounts payable | 178/9 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €82,196 | €47,572 | -€34,624 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €15,254 | €19,801 | +€4,547 | +29.8% |
| Financial debts | 43 | €21,792 | €15,620 | -€6,172 | -28.3% |
| Credit institutions | 430/8 | €21,792 | €15,620 | -€6,172 | -28.3% |
| Trade debts | 44 | €7,270 | €10,594 | +€3,323 | +45.7% |
| Suppliers | 440/4 | €7,270 | €10,594 | +€3,323 | +45.7% |
| Taxes, remuneration and social security | 45 | €1,880 | €1,557 | -€323 | -17.2% |
| Taxes | 450/3 | €1,880 | €1,557 | -€323 | -17.2% |
| Other amounts payable | 47/48 | €36,000 | - | -€36,000 | |
| Accrued charges and deferred income | 492/3 | €822 | €657 | -€165 | -20.1% |
| Remuneration, social security and pensions | 62 | - | €1,939 | +€1,939 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,936 | €28,888 | +€4,953 | +20.7% |
| Other operating charges | 640/8 | €3,842 | €3,091 | -€751 | -19.5% |
| Gross operating margin | 9900 | €98,113 | €68,134 | -€29,979 | -30.6% |
| Operating profit (loss) | 9901 | €70,335 | €34,215 | -€36,120 | -51.4% |
| Financial income | 75/76B | €2,080 | €2,651 | +€571 | +27.5% |
| Recurring financial income | 75 | €2,080 | €2,651 | +€571 | +27.5% |
| Financial charges | 65/66B | €12,753 | €20,601 | +€7,848 | +61.5% |
| Recurring financial charges | 65 | €12,753 | €20,601 | +€7,848 | +61.5% |
| Profit (loss) for the period before taxes | 9903 | €59,662 | €16,265 | -€43,397 | -72.7% |
| Income taxes | 67/77 | €4,779 | €4,556 | -€222 | -4.7% |
| Profit (loss) for the period | 9904 | €54,883 | €11,708 | -€43,175 | -78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,883 | €11,708 | -€43,175 | -78.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.