Laswerken Geerts Bart: 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.
Laswerken Geerts Bart
Largest movements
- Receivables within one year -€14,221
down €14,221 (-81.3%), from €17,483 to €3,262
of which Trade receivables: -€13,514
- Cash +€13,140
up €13,140 (+64.8%), from €20,287 to €33,427
mainly Other debts (+€32,837) and Depreciation (+€16,460)
- Tangible fixed assets -€11,673
down €11,673 (-34.7%), from €33,596 to €21,923
of which Leasing and similar rights: -€11,386
- Stocks and contracts +€1,156
up €1,156 (+67.2%), from €1,720 to €2,876
- Reserves -€34,269
no longer reported in 2025 (was €34,269)
- Other debts +€32,837
up €32,837 (+630%), from €5,214 to €38,052
- Debts after one year -€5,456
down €5,456 (-30.0%), from €18,194 to €12,738
- Tax, wage and social debts -€3,214
down €3,214 (-63.9%), from €5,031 to €1,817
- Trade debts -€2,060
down €2,060 (-56.0%), from €3,682 to €1,622
- Gross operating margin -€4,805
down €4,805 (-19.4%), from €24,818 to €20,013
- Depreciation +€3,103
up €3,103 (+23.2%), from €13,356 to €16,460
- Taxes -€1,260
down €1,260 (-69.4%), from €1,817 to €557
- Financial charges +€1,040
up €1,040 (+77.4%), from €1,344 to €2,383
- Other operating charges +€393
up €393 (+59.3%), from €662 to €1,055
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 | €73,629 | €61,684 | -€11,945 | -16.2% |
| Fixed assets | 21/28 | €33,596 | €21,923 | -€11,673 | -34.7% |
| Tangible fixed assets | 22/27 | €33,596 | €21,923 | -€11,673 | -34.7% |
| Plant, machinery and equipment | 23 | €6,671 | €8,178 | +€1,507 | +22.6% |
| Furniture and vehicles | 24 | €1,757 | €1,163 | -€594 | -33.8% |
| Leasing and similar rights | 25 | €22,771 | €11,386 | -€11,386 | -50.0% |
| Other tangible fixed assets | 26 | €2,397 | €1,197 | -€1,200 | -50.1% |
| Current assets | 29/58 | €40,033 | €39,761 | -€272 | -0.7% |
| Stocks and contracts in progress | 3 | €1,720 | €2,876 | +€1,156 | +67.2% |
| Stocks | 30/36 | €1,720 | €2,876 | +€1,156 | +67.2% |
| Amounts receivable within one year | 40/41 | €17,483 | €3,262 | -€14,221 | -81.3% |
| Trade receivables | 40 | €13,514 | - | -€13,514 | |
| Other amounts receivable | 41 | €3,969 | €3,262 | -€707 | -17.8% |
| Cash at bank and in hand | 54/58 | €20,287 | €33,427 | +€13,140 | +64.8% |
| Deferred charges and accrued income | 490/1 | €543 | €197 | -€346 | -63.8% |
| Total equity and liabilities | 10/49 | €73,629 | €61,684 | -€11,945 | -16.2% |
| Equity | 10/15 | €36,269 | €2,000 | -€34,269 | -94.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €34,269 | - | -€34,269 | |
| Distributable reserves | 133 | €34,269 | - | -€34,269 | |
| Amounts payable | 17/49 | €37,360 | €59,684 | +€22,324 | +59.8% |
| Amounts payable after more than one year | 17 | €18,194 | €12,738 | -€5,456 | -30.0% |
| Financial debts | 170/4 | €18,194 | €12,738 | -€5,456 | -30.0% |
| Amounts payable within one year | 42/48 | €19,167 | €46,947 | +€27,780 | +145% |
| Current portion of amounts payable after more than one year | 42 | €5,239 | €5,456 | +€217 | +4.1% |
| Trade debts | 44 | €3,682 | €1,622 | -€2,060 | -56.0% |
| Suppliers | 440/4 | €3,682 | €1,622 | -€2,060 | -56.0% |
| Taxes, remuneration and social security | 45 | €5,031 | €1,817 | -€3,214 | -63.9% |
| Taxes | 450/3 | €5,031 | €1,817 | -€3,214 | -63.9% |
| Other amounts payable | 47/48 | €5,214 | €38,052 | +€32,837 | +630% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,356 | €16,460 | +€3,103 | +23.2% |
| Other operating charges | 640/8 | €662 | €1,055 | +€393 | +59.3% |
| Gross operating margin | 9900 | €24,818 | €20,013 | -€4,805 | -19.4% |
| Operating profit (loss) | 9901 | €10,799 | €2,498 | -€8,301 | -76.9% |
| Financial income | 75/76B | €135 | €456 | +€322 | +239% |
| Recurring financial income | 75 | €135 | €456 | +€322 | +239% |
| Financial charges | 65/66B | €1,344 | €2,383 | +€1,040 | +77.4% |
| Recurring financial charges | 65 | €1,344 | €2,383 | +€1,040 | +77.4% |
| Profit (loss) for the period before taxes | 9903 | €9,590 | €571 | -€9,019 | -94.0% |
| Income taxes | 67/77 | €1,817 | €557 | -€1,260 | -69.4% |
| Profit (loss) for the period | 9904 | €7,773 | €14 | -€7,759 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,773 | €14 | -€7,759 | -99.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.