MIEKE DE GEETER: 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.
MIEKE DE GEETER
Largest movements
- Tangible fixed assets -€4,044
down €4,044 (-13.5%), from €29,998 to €25,954
of which Land and buildings: -€3,575
- Cash -€3,224
down €3,224 (-14.5%), from €22,269 to €19,045
mainly Net result for the year (-€10,321) and Receivables within one year (-€503)
- Deferred charges and accrued income -€1,363
down €1,363 (-100%), from €1,363 to €0
- Profit (loss) carried forward -€10,321
down €10,321 (-66.8%), from -€15,462 to -€25,783
- Tax, wage and social debts +€2,011
up €2,011 (+18.4%), from €10,921 to €12,932
- Gross operating margin -€41,640
down €41,640, from €34,987 to -€6,653
- Taxes -€12,855
down €12,855 (-100%), from €12,855 to €0
- Other operating charges -€638
down €638 (-86.8%), from €736 to €97
- Depreciation -€610
down €610 (-13.1%), from €4,655 to €4,044
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 | €66,319 | €58,191 | -€8,128 | -12.3% |
| Fixed assets | 21/28 | €29,998 | €25,954 | -€4,044 | -13.5% |
| Tangible fixed assets | 22/27 | €29,998 | €25,954 | -€4,044 | -13.5% |
| Land and buildings | 22 | €28,814 | €25,240 | -€3,575 | -12.4% |
| Plant, machinery and equipment | 23 | €734 | €498 | -€236 | -32.2% |
| Furniture and vehicles | 24 | €450 | €216 | -€234 | -52.0% |
| Current assets | 29/58 | €36,321 | €32,237 | -€4,084 | -11.2% |
| Amounts receivable within one year | 40/41 | €12,689 | €13,192 | +€503 | +4.0% |
| Trade receivables | 40 | €4,491 | €0 | -€4,491 | -100% |
| Other amounts receivable | 41 | €8,198 | €13,192 | +€4,994 | +60.9% |
| Cash at bank and in hand | 54/58 | €22,269 | €19,045 | -€3,224 | -14.5% |
| Deferred charges and accrued income | 490/1 | €1,363 | €0 | -€1,363 | -100% |
| Total equity and liabilities | 10/49 | €66,319 | €58,191 | -€8,128 | -12.3% |
| Equity | 10/15 | €55,354 | €45,032 | -€10,321 | -18.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,615 | €64,615 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €62,755 | €62,755 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,462 | -€25,783 | -€10,321 | -66.8% |
| Amounts payable | 17/49 | €10,965 | €13,159 | +€2,194 | +20.0% |
| Amounts payable within one year | 42/48 | €10,965 | €13,159 | +€2,194 | +20.0% |
| Trade debts | 44 | €44 | €227 | +€182 | +409% |
| Suppliers | 440/4 | €44 | €227 | +€182 | +409% |
| Taxes, remuneration and social security | 45 | €10,921 | €12,932 | +€2,011 | +18.4% |
| Taxes | 450/3 | €10,921 | €12,932 | +€2,011 | +18.4% |
| Non-recurring operating income | 76A | €548 | €0 | -€548 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,655 | €4,044 | -€610 | -13.1% |
| Other operating charges | 640/8 | €736 | €97 | -€638 | -86.8% |
| Gross operating margin | 9900 | €34,987 | -€6,653 | -€41,640 | |
| Operating profit (loss) | 9901 | €29,597 | -€10,795 | -€40,392 | |
| Financial income | 75/76B | €640 | €591 | -€49 | -7.7% |
| Recurring financial income | 75 | €640 | €591 | -€49 | -7.7% |
| Financial charges | 65/66B | €132 | €117 | -€15 | -11.6% |
| Recurring financial charges | 65 | €132 | €117 | -€15 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €30,104 | -€10,321 | -€40,426 | |
| Income taxes | 67/77 | €12,855 | €0 | -€12,855 | -100% |
| Profit (loss) for the period | 9904 | €17,249 | -€10,321 | -€27,570 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,249 | -€10,321 | -€27,570 |
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 14 October 2026 via checked.be.