Pascal Geerts: 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.
Pascal Geerts
Largest movements
- Cash -€3,180
down €3,180 (-12.3%), from €25,864 to €22,684
mainly Receivables within one year (-€1,644) and Net result for the year (-€1,054)
- Receivables within one year +€1,644
up €1,644 (+41.5%), from €3,965 to €5,609
of which Trade receivables: +€2,839
- Tangible fixed assets -€667
down €667 (-46.8%), from €1,424 to €758
- Profit (loss) carried forward -€1,054
new in 2025: -€1,054
- Trade debts -€700
down €700 (-24.7%), from €2,834 to €2,134
- Accrued charges and deferred income -€498
down €498 (-100%), from €498 to €0
- Gross operating margin -€19,965
down €19,965 (-93.0%), from €21,475 to €1,510
- Taxes -€4,974
down €4,974 (-100%), from €4,974 to €0
- Depreciation -€975
down €975 (-59.4%), from €1,642 to €667
- Other operating charges +€468
up €468 (+37.0%), from €1,263 to €1,731
- Financial charges -€347
down €347 (-67.6%), from €513 to €166
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 | €31,539 | €29,336 | -€2,203 | -7.0% |
| Fixed assets | 21/28 | €1,709 | €1,043 | -€667 | -39.0% |
| Tangible fixed assets | 22/27 | €1,424 | €758 | -€667 | -46.8% |
| Furniture and vehicles | 24 | €1,424 | €758 | -€667 | -46.8% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €29,829 | €28,293 | -€1,536 | -5.2% |
| Amounts receivable within one year | 40/41 | €3,965 | €5,609 | +€1,644 | +41.5% |
| Trade receivables | 40 | €2,000 | €4,839 | +€2,839 | +142% |
| Other amounts receivable | 41 | €1,966 | €771 | -€1,195 | -60.8% |
| Cash at bank and in hand | 54/58 | €25,864 | €22,684 | -€3,180 | -12.3% |
| Total equity and liabilities | 10/49 | €31,539 | €29,336 | -€2,203 | -7.0% |
| Equity | 10/15 | €18,098 | €17,044 | -€1,054 | -5.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,098 | €13,098 | = | 0.0% |
| Distributable reserves | 133 | €13,098 | €13,098 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,054 | -€1,054 | |
| Amounts payable | 17/49 | €13,440 | €12,291 | -€1,149 | -8.5% |
| Amounts payable within one year | 42/48 | €12,943 | €12,291 | -€651 | -5.0% |
| Trade debts | 44 | €2,834 | €2,134 | -€700 | -24.7% |
| Suppliers | 440/4 | €2,834 | €2,134 | -€700 | -24.7% |
| Taxes, remuneration and social security | 45 | €5,118 | €4,974 | -€144 | -2.8% |
| Taxes | 450/3 | €5,118 | €4,974 | -€144 | -2.8% |
| Other amounts payable | 47/48 | €4,991 | €5,183 | +€192 | +3.9% |
| Accrued charges and deferred income | 492/3 | €498 | €0 | -€498 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,642 | €667 | -€975 | -59.4% |
| Other operating charges | 640/8 | €1,263 | €1,731 | +€468 | +37.0% |
| Gross operating margin | 9900 | €21,475 | €1,510 | -€19,965 | -93.0% |
| Operating profit (loss) | 9901 | €18,570 | -€888 | -€19,458 | |
| Financial income | 75/76B | €16 | €0 | -€16 | -99.9% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -99.9% |
| Financial charges | 65/66B | €513 | €166 | -€347 | -67.6% |
| Recurring financial charges | 65 | €513 | €166 | -€347 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | €18,072 | -€1,054 | -€19,127 | |
| Income taxes | 67/77 | €4,974 | €0 | -€4,974 | -100% |
| Profit (loss) for the period | 9904 | €13,098 | -€1,054 | -€14,152 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,098 | -€1,054 | -€14,152 |
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 31 October 2026 via checked.be.