PATRICK GEIS: 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.
PATRICK GEIS
Largest movements
- Current investments +€582,273
up €582,273 (+48.1%), from €1.2m to €1.8m
- Receivables after one year +€115,699
up €115,699 (+23.9%), from €484,773 to €600,472
- Cash -€78,399
down €78,399 (-61.1%), from €128,298 to €49,899
mainly Current investments (-€582,273) and Tax, wage and social debts (-€129,696)
- Reserves +€755,260
up €755,260 (+43.7%), from €1.7m to €2.5m
of which Distributable reserves: +€755,260
- Tax, wage and social debts -€129,696
down €129,696 (-62.9%), from €206,067 to €76,371
- Other debts -€34,171
no longer reported in 2024 (was €34,171)
- Trade debts +€26,425
up €26,425 (+1585.9%), from €1,666 to €28,091
- Taxes -€220,474
down €220,474 (-57.1%), from €385,874 to €165,401
- Gross operating margin -€119,698
down €119,698 (-11.4%), from €1.0m to €926,943
- Financial charges -€17,382
down €17,382 (-83.0%), from €20,936 to €3,554
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,987,496 | €2,605,323 | +€617,827 | +31.1% |
| Fixed assets | 21/28 | €71,240 | €64,383 | -€6,857 | -9.6% |
| Tangible fixed assets | 22/27 | €11,240 | €4,383 | -€6,857 | -61.0% |
| Plant, machinery and equipment | 23 | €1,979 | €1,428 | -€551 | -27.9% |
| Furniture and vehicles | 24 | €9,260 | €2,955 | -€6,306 | -68.1% |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €1,916,257 | €2,540,940 | +€624,684 | +32.6% |
| Amounts receivable after more than one year | 29 | €484,773 | €600,472 | +€115,699 | +23.9% |
| Other amounts receivable | 291 | €484,773 | €600,472 | +€115,699 | +23.9% |
| Amounts receivable within one year | 40/41 | €93,589 | €81,536 | -€12,053 | -12.9% |
| Other amounts receivable | 41 | €93,589 | €81,536 | -€12,053 | -12.9% |
| Current investments | 50/53 | €1,209,597 | €1,791,869 | +€582,273 | +48.1% |
| Cash at bank and in hand | 54/58 | €128,298 | €49,899 | -€78,399 | -61.1% |
| Deferred charges and accrued income | 490/1 | - | €17,164 | +€17,164 | |
| Total equity and liabilities | 10/49 | €1,987,496 | €2,605,323 | +€617,827 | +31.1% |
| Equity | 10/15 | €1,745,592 | €2,500,861 | +€755,269 | +43.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,726,811 | €2,482,071 | +€755,260 | +43.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,724,956 | €2,480,216 | +€755,260 | +43.8% |
| Profit (loss) carried forward | 14 | €231 | €240 | +€9 | +3.8% |
| Amounts payable | 17/49 | €241,904 | €104,462 | -€137,442 | -56.8% |
| Amounts payable within one year | 42/48 | €241,904 | €104,462 | -€137,442 | -56.8% |
| Trade debts | 44 | €1,666 | €28,091 | +€26,425 | +1585.9% |
| Suppliers | 440/4 | €1,666 | €28,091 | +€26,425 | +1585.9% |
| Taxes, remuneration and social security | 45 | €206,067 | €76,371 | -€129,696 | -62.9% |
| Taxes | 450/3 | €206,067 | €76,371 | -€129,696 | -62.9% |
| Other amounts payable | 47/48 | €34,171 | - | -€34,171 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,310 | €6,857 | -€2,453 | -26.3% |
| Other operating charges | 640/8 | €211 | €1,831 | +€1,621 | +769.3% |
| Gross operating margin | 9900 | €1,046,641 | €926,943 | -€119,698 | -11.4% |
| Operating profit (loss) | 9901 | €1,037,120 | €918,255 | -€118,866 | -11.5% |
| Financial income | 75/76B | €15,347 | €5,969 | -€9,378 | -61.1% |
| Recurring financial income | 75 | €15,347 | €5,969 | -€9,378 | -61.1% |
| Financial charges | 65/66B | €20,936 | €3,554 | -€17,382 | -83.0% |
| Recurring financial charges | 65 | €20,936 | €3,554 | -€17,382 | -83.0% |
| Profit (loss) for the period before taxes | 9903 | €1,031,532 | €920,669 | -€110,862 | -10.7% |
| Income taxes | 67/77 | €385,874 | €165,401 | -€220,474 | -57.1% |
| Profit (loss) for the period | 9904 | €645,658 | €755,269 | +€109,611 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €645,658 | €755,269 | +€109,611 | +17.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.