PIPELEERS GEERT: what changed
PIPELEERS GEERT
Largest movements
- Cash +€16,528
up €16,528 (+162%), from €10,175 to €26,703
mainly Receivables within one year (+€13,539) and Net result for the year (+€3,565)
- Receivables within one year -€13,539
down €13,539 (-98.8%), from €13,707 to €169
of which Trade receivables: -€13,552
- Reserves +€3,565
up €3,565 (+6.9%), from €51,859 to €55,425
- Gross operating margin +€1,619
up €1,619 (+30.0%), from €5,398 to €7,017
- Taxes +€602
up €602 (+49.2%), from €1,224 to €1,826
- Financial charges +€298
up €298 (+38.7%), from €769 to €1,067
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 | €86,383 | €89,371 | +€2,989 | +3.5% |
| Fixed assets | 21/28 | €62,500 | €62,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €62,500 | €62,500 | = | 0.0% |
| Land and buildings | 22 | €62,500 | €62,500 | = | 0.0% |
| Current assets | 29/58 | €23,883 | €26,871 | +€2,989 | +12.5% |
| Amounts receivable within one year | 40/41 | €13,707 | €169 | -€13,539 | -98.8% |
| Trade receivables | 40 | €13,552 | €0 | -€13,552 | -100% |
| Other amounts receivable | 41 | €155 | €169 | +€13 | +8.4% |
| Cash at bank and in hand | 54/58 | €10,175 | €26,703 | +€16,528 | +162% |
| Total equity and liabilities | 10/49 | €86,383 | €89,371 | +€2,989 | +3.5% |
| Equity | 10/15 | €70,459 | €74,025 | +€3,565 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,859 | €55,425 | +€3,565 | +6.9% |
| Distributable reserves | 133 | €51,859 | €55,425 | +€3,565 | +6.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €15,923 | €15,347 | -€577 | -3.6% |
| Amounts payable within one year | 42/48 | €15,268 | €14,394 | -€874 | -5.7% |
| Trade debts | 44 | €1,330 | €462 | -€868 | -65.3% |
| Suppliers | 440/4 | €1,330 | €462 | -€868 | -65.3% |
| Taxes, remuneration and social security | 45 | €1,224 | €1,825 | +€602 | +49.2% |
| Taxes | 450/3 | €1,224 | €1,825 | +€602 | +49.2% |
| Other amounts payable | 47/48 | €12,714 | €12,107 | -€608 | -4.8% |
| Accrued charges and deferred income | 492/3 | €655 | €953 | +€298 | +45.5% |
| Non-recurring operating income | 76A | €4,000 | €0 | -€4,000 | -100% |
| Other operating charges | 640/8 | €581 | €560 | -€21 | -3.7% |
| Gross operating margin | 9900 | €5,398 | €7,017 | +€1,619 | +30.0% |
| Operating profit (loss) | 9901 | €4,817 | €6,457 | +€1,641 | +34.1% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €769 | €1,067 | +€298 | +38.7% |
| Recurring financial charges | 65 | €769 | €1,067 | +€298 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | €4,048 | €5,391 | +€1,343 | +33.2% |
| Income taxes | 67/77 | €1,224 | €1,826 | +€602 | +49.2% |
| Profit (loss) for the period | 9904 | €2,824 | €3,565 | +€741 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,824 | €3,565 | +€741 | +26.2% |
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.