L. GEURTS: what changed
What changed
L. GEURTS
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
filed annual accounts (NBB)
Net result for the year
€6,617
2024 · €62,511-€55,894
Equity
€181,134
2024 · €228,017-€46,883
Cash
€238,119
2024 · €261,217-€23,098
Balance sheet total
€362,785
2024 · €354,221+€8,564
Largest movements
Assets
- Cash -€23,098
down €23,098 (-8.8%), from €261,217 to €238,119
mainly Contributions, distributions and other (-€53,500) and Investment in fixed assets (net) (-€50,437)
- Tangible fixed assets +€18,980
up €18,980 (+29.3%), from €64,861 to €83,841
of which Furniture and vehicles: +€29,213
- Receivables within one year +€16,856
up €16,856 (+87.3%), from €19,304 to €36,160
of which Other amounts receivable: +€11,132
Equity and liabilities
- Reserves -€46,900
down €46,900 (-23.7%), from €198,100 to €151,200
- Debts after one year +€22,207
new in 2025: €22,207
- Other debts +€14,072
up €14,072 (+20.3%), from €69,187 to €83,259
- Trade debts +€13,150
up €13,150 (+95.6%), from €13,757 to €26,907
- Current portion of long-term debt +€9,699
new in 2025: €9,699
Income statement
- Gross operating margin -€34,845
down €34,845 (-15.3%), from €228,168 to €193,324
- Staff costs +€31,914
up €31,914 (+28.1%), from €113,580 to €145,494
- Taxes -€20,175
down €20,175 (-84.7%), from €23,813 to €3,637
- Other operating charges +€4,226
up €4,226 (+259%), from €1,633 to €5,860
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.
Result 2024
€62,511
Gross operating margin
-€34,845
Staff costs
-€31,914
Depreciation
-€2,082
Other operating charges
-€4,226
Financial income
-€1,694
Financial charges
-€1,308
Taxes
+€20,175
Result 2025
€6,617
raises the resultlowers the result
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.
From operations
+€48,933
Investment
-€50,437
Financing
-€21,594
Cash 2024
€261,217
From operations (derived)
+€48,933
Net result for the year
+€6,617
Depreciation
+€31,457
Stocks and contracts
+€2,415
Receivables within one year
-€16,856
Deferred charges and accrued income
+€1,759
Trade debts
+€13,150
Tax, wage and social debts
-€3,581
Advances received
-€100
Other debts
+€14,072
Investment (derived)
-€50,437
Investment in fixed assets (net)
-€50,437
Financing
-€21,594
Debts after one year
+€22,207
Current portion of long-term debt
+€9,699
Contributions, distributions and other
-€53,500
Cash 2025
€238,119
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €354,221 | €362,785 | +€8,564 | +2.4% |
| Fixed assets | 21/28 | €64,861 | €83,841 | +€18,980 | +29.3% |
| Tangible fixed assets | 22/27 | €64,861 | €83,841 | +€18,980 | +29.3% |
| Plant, machinery and equipment | 23 | €43,426 | €29,999 | -€13,427 | -30.9% |
| Furniture and vehicles | 24 | €6,330 | €35,542 | +€29,213 | +462% |
| Other tangible fixed assets | 26 | €15,104 | €18,299 | +€3,195 | +21.2% |
| Current assets | 29/58 | €289,361 | €278,945 | -€10,416 | -3.6% |
| Stocks and contracts in progress | 3 | €6,644 | €4,229 | -€2,415 | -36.4% |
| Stocks | 30/36 | €6,644 | €4,229 | -€2,415 | -36.4% |
| Amounts receivable within one year | 40/41 | €19,304 | €36,160 | +€16,856 | +87.3% |
| Trade receivables | 40 | €17,455 | €23,179 | +€5,724 | +32.8% |
| Other amounts receivable | 41 | €1,849 | €12,981 | +€11,132 | +602% |
| Cash at bank and in hand | 54/58 | €261,217 | €238,119 | -€23,098 | -8.8% |
| Deferred charges and accrued income | 490/1 | €2,196 | €437 | -€1,759 | -80.1% |
| Total equity and liabilities | 10/49 | €354,221 | €362,785 | +€8,564 | +2.4% |
| Equity | 10/15 | €228,017 | €181,134 | -€46,883 | -20.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €198,100 | €151,200 | -€46,900 | -23.7% |
| Distributable reserves | 133 | €198,100 | €151,200 | -€46,900 | -23.7% |
| Profit (loss) carried forward | 14 | €10,917 | €10,934 | +€17 | +0.2% |
| Investment grants | 15 | €0 | €0 | = | |
| Amounts payable | 17/49 | €126,204 | €181,652 | +€55,447 | +43.9% |
| Amounts payable after more than one year | 17 | - | €22,207 | +€22,207 | |
| Financial debts | 170/4 | - | €22,207 | +€22,207 | |
| Amounts payable within one year | 42/48 | €126,204 | €159,444 | +€33,240 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | - | €9,699 | +€9,699 | |
| Trade debts | 44 | €13,757 | €26,907 | +€13,150 | +95.6% |
| Suppliers | 440/4 | €13,757 | €26,907 | +€13,150 | +95.6% |
| Advances received on contracts in progress | 46 | €100 | - | -€100 | |
| Taxes, remuneration and social security | 45 | €43,160 | €39,579 | -€3,581 | -8.3% |
| Taxes | 450/3 | €18,390 | €10,432 | -€7,959 | -43.3% |
| Remuneration and social security | 454/9 | €24,770 | €29,147 | +€4,378 | +17.7% |
| Other amounts payable | 47/48 | €69,187 | €83,259 | +€14,072 | +20.3% |
| Remuneration, social security and pensions | 62 | €113,580 | €145,494 | +€31,914 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,375 | €31,457 | +€2,082 | +7.1% |
| Other operating charges | 640/8 | €1,633 | €5,860 | +€4,226 | +259% |
| Gross operating margin | 9900 | €228,168 | €193,324 | -€34,845 | -15.3% |
| Operating profit (loss) | 9901 | €83,580 | €10,513 | -€73,067 | -87.4% |
| Financial income | 75/76B | €2,894 | €1,199 | -€1,694 | -58.6% |
| Recurring financial income | 75 | €2,894 | €1,199 | -€1,694 | -58.6% |
| Financial charges | 65/66B | €150 | €1,458 | +€1,308 | +870% |
| Recurring financial charges | 65 | €150 | €1,458 | +€1,308 | +870% |
| Profit (loss) for the period before taxes | 9903 | €86,323 | €10,254 | -€76,069 | -88.1% |
| Income taxes | 67/77 | €23,813 | €3,637 | -€20,175 | -84.7% |
| Profit (loss) for the period | 9904 | €62,511 | €6,617 | -€55,894 | -89.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,511 | €6,617 | -€55,894 | -89.4% |
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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 3 November 2026 via checked.be.