Simon Geilfus: 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.
Simon Geilfus
Largest movements
- Receivables within one year +€68,409
up €68,409 (+2,883%), from €2,373 to €70,782
of which Trade receivables: +€68,514
- Cash -€4,634
down €4,634 (-47.9%), from €9,676 to €5,041
mainly Receivables within one year (-€68,409) and Investment in fixed assets (net) (-€793)
- Tangible fixed assets -€4,041
down €4,041 (-64.3%), from €6,288 to €2,247
- Profit (loss) carried forward +€49,483
up €49,483 (+491%), from €10,081 to €59,565
- Other debts +€8,810
up €8,810 (+301%), from €2,924 to €11,734
- Trade debts +€1,435
new in 2025: €1,435
- Gross operating margin +€76,337
up €76,337, from -€17,859 to €58,478
- Taxes +€2,990
new in 2025: €2,990
- Depreciation -€1,177
down €1,177 (-19.6%), from €6,011 to €4,835
- Other operating charges +€672
up €672 (+173%), from €387 to €1,059
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 | €18,445 | €78,223 | +€59,778 | +324% |
| Fixed assets | 21/28 | €6,288 | €2,247 | -€4,041 | -64.3% |
| Tangible fixed assets | 22/27 | €6,288 | €2,247 | -€4,041 | -64.3% |
| Furniture and vehicles | 24 | €6,288 | €2,247 | -€4,041 | -64.3% |
| Current assets | 29/58 | €12,157 | €75,976 | +€63,819 | +525% |
| Amounts receivable within one year | 40/41 | €2,373 | €70,782 | +€68,409 | +2,883% |
| Trade receivables | 40 | €1,525 | €70,039 | +€68,514 | +4,492% |
| Other amounts receivable | 41 | €847 | €743 | -€105 | -12.4% |
| Cash at bank and in hand | 54/58 | €9,676 | €5,041 | -€4,634 | -47.9% |
| Deferred charges and accrued income | 490/1 | €109 | €153 | +€45 | +41.1% |
| Total equity and liabilities | 10/49 | €18,445 | €78,223 | +€59,778 | +324% |
| Equity | 10/15 | €12,581 | €62,065 | +€49,483 | +393% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,081 | €59,565 | +€49,483 | +491% |
| Amounts payable | 17/49 | €5,864 | €16,159 | +€10,295 | +176% |
| Amounts payable within one year | 42/48 | €5,864 | €16,159 | +€10,295 | +176% |
| Trade debts | 44 | - | €1,435 | +€1,435 | |
| Suppliers | 440/4 | - | €1,435 | +€1,435 | |
| Taxes, remuneration and social security | 45 | €2,940 | €2,990 | +€50 | +1.7% |
| Taxes | 450/3 | €2,940 | €2,990 | +€50 | +1.7% |
| Other amounts payable | 47/48 | €2,924 | €11,734 | +€8,810 | +301% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,011 | €4,835 | -€1,177 | -19.6% |
| Other operating charges | 640/8 | €387 | €1,059 | +€672 | +173% |
| Non-recurring operating charges | 66A | - | €6 | +€6 | |
| Gross operating margin | 9900 | -€17,859 | €58,478 | +€76,337 | |
| Operating profit (loss) | 9901 | -€24,258 | €52,579 | +€76,837 | |
| Financial income | 75/76B | €177 | - | -€177 | |
| Recurring financial income | 75 | €177 | - | -€177 | |
| Financial charges | 65/66B | €292 | €106 | -€186 | -63.7% |
| Recurring financial charges | 65 | €292 | €106 | -€186 | -63.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,373 | €52,473 | +€76,846 | |
| Income taxes | 67/77 | - | €2,990 | +€2,990 | |
| Profit (loss) for the period | 9904 | -€24,373 | €49,483 | +€73,856 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,373 | €49,483 | +€73,856 |
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 19 October 2026 via checked.be.