NAESSENS GEO: what changed
NAESSENS GEO
Largest movements
- Cash -€243,089
down €243,089 (-85.4%), from €284,531 to €41,442
mainly Current investments (-€191,496) and Investment in fixed assets (net) (-€60,523)
- Current investments +€191,496
up €191,496 (+102%), from €187,254 to €378,750
- Tangible fixed assets +€35,700
up €35,700 (+4.7%), from €755,193 to €790,893
- Reserves -€18,603
down €18,603 (-6.3%), from €294,805 to €276,202
of which Distributable reserves: -€18,603
- Other operating charges -€256,255
down €256,255 (-99.0%), from €258,741 to €2,485
- Financial charges +€236,295
up €236,295, from -€232,044 to €4,250
- Gross operating margin +€12,600
up €12,600 (+73.7%), from -€17,107 to -€4,508
- Financial income +€11,183
up €11,183 (+178%), from €6,279 to €17,462
- Depreciation +€7,777
up €7,777 (+45.6%), from €17,045 to €24,822
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 | €1,228,861 | €1,216,323 | -€12,538 | -1.0% |
| Fixed assets | 21/28 | €755,193 | €790,893 | +€35,700 | +4.7% |
| Tangible fixed assets | 22/27 | €755,193 | €790,893 | +€35,700 | +4.7% |
| Land and buildings | 22 | €755,193 | €790,893 | +€35,700 | +4.7% |
| Current assets | 29/58 | €473,669 | €425,430 | -€48,238 | -10.2% |
| Amounts receivable within one year | 40/41 | €1,884 | €5,239 | +€3,355 | +178% |
| Other amounts receivable | 41 | €1,884 | €5,239 | +€3,355 | +178% |
| Current investments | 50/53 | €187,254 | €378,750 | +€191,496 | +102% |
| Cash at bank and in hand | 54/58 | €284,531 | €41,442 | -€243,089 | -85.4% |
| Total equity and liabilities | 10/49 | €1,228,861 | €1,216,323 | -€12,538 | -1.0% |
| Equity | 10/15 | €1,224,805 | €1,206,202 | -€18,603 | -1.5% |
| Contributions | 10/11 | €930,000 | €930,000 | = | 0.0% |
| Reserves | 13 | €294,805 | €276,202 | -€18,603 | -6.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €294,805 | €276,202 | -€18,603 | -6.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €4,056 | €10,121 | +€6,065 | +150% |
| Amounts payable within one year | 42/48 | €2,562 | €9,776 | +€7,215 | +282% |
| Trade debts | 44 | - | €6,293 | +€6,293 | |
| Suppliers | 440/4 | - | €6,293 | +€6,293 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,562 | €3,483 | +€921 | +36.0% |
| Accrued charges and deferred income | 492/3 | €1,494 | €345 | -€1,149 | -76.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,045 | €24,822 | +€7,777 | +45.6% |
| Other operating charges | 640/8 | €258,741 | €2,485 | -€256,255 | -99.0% |
| Gross operating margin | 9900 | -€17,107 | -€4,508 | +€12,600 | +73.7% |
| Operating profit (loss) | 9901 | -€292,893 | -€31,815 | +€261,078 | +89.1% |
| Financial income | 75/76B | €6,279 | €17,462 | +€11,183 | +178% |
| Recurring financial income | 75 | €6,279 | €17,462 | +€11,183 | +178% |
| Financial charges | 65/66B | -€232,044 | €4,250 | +€236,295 | |
| Recurring financial charges | 65 | -€232,044 | €4,250 | +€236,295 | |
| Profit (loss) for the period before taxes | 9903 | -€54,569 | -€18,603 | +€35,966 | +65.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€54,569 | -€18,603 | +€35,966 | +65.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,569 | -€18,603 | +€35,966 | +65.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.