Storm Geel: 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.
Storm Geel
Largest movements
- Tangible fixed assets -€529,093
down €529,093 (-19.9%), from €2.7m to €2.1m
- Receivables within one year -€434,683
down €434,683 (-51.1%), from €850,234 to €415,551
- Reserves -€545,206
down €545,206 (-19.6%), from €2.8m to €2.2m
of which Distributable reserves: -€545,206
- Trade debts -€282,924
down €282,924 (-52.0%), from €544,418 to €261,494
- Current portion of long-term debt -€166,122
down €166,122 (-100.0%), from €166,122 to €0
- Gross operating margin -€1.7m
down €1.7m (-77.9%), from €2.2m to €495,097
- Taxes -€420,893
down €420,893 (-99.8%), from €421,527 to €634
- Financial charges -€26,206
down €26,206 (-47.8%), from €54,824 to €28,619
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.
Cash bridge derived
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 | €4,362,447 | €3,366,551 | -€995,896 | -22.8% |
| Fixed assets | 21/28 | €2,655,448 | €2,126,354 | -€529,093 | -19.9% |
| Tangible fixed assets | 22/27 | €2,655,448 | €2,126,354 | -€529,093 | -19.9% |
| Plant, machinery and equipment | 23 | €2,655,448 | €2,126,354 | -€529,093 | -19.9% |
| Current assets | 29/58 | €1,706,999 | €1,240,196 | -€466,803 | -27.3% |
| Amounts receivable within one year | 40/41 | €850,234 | €415,551 | -€434,683 | -51.1% |
| Trade receivables | 40 | €850,234 | €415,551 | -€434,683 | -51.1% |
| Cash at bank and in hand | 54/58 | €757,352 | €724,390 | -€32,961 | -4.4% |
| Deferred charges and accrued income | 490/1 | €99,414 | €100,255 | +€841 | +0.8% |
| Total equity and liabilities | 10/49 | €4,362,447 | €3,366,551 | -€995,896 | -22.8% |
| Equity | 10/15 | €2,921,499 | €2,376,293 | -€545,206 | -18.7% |
| Contributions | 10/11 | €144,097 | €144,097 | = | 0.0% |
| Capital | 10 | €144,097 | €144,097 | = | 0.0% |
| Issued capital | 100 | €144,097 | €144,097 | = | 0.0% |
| Reserves | 13 | €2,777,402 | €2,232,196 | -€545,206 | -19.6% |
| Non-distributable reserves | 130/1 | €14,410 | €14,410 | = | 0.0% |
| Legal reserve | 130 | €14,410 | €14,410 | = | 0.0% |
| Distributable reserves | 133 | €2,762,993 | €2,217,787 | -€545,206 | -19.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,440,947 | €990,257 | -€450,690 | -31.3% |
| Amounts payable after more than one year | 17 | €435,375 | €435,375 | = | 0.0% |
| Financial debts | 170/4 | €435,375 | €435,375 | = | 0.0% |
| Amounts payable within one year | 42/48 | €861,856 | €397,374 | -€464,482 | -53.9% |
| Current portion of amounts payable after more than one year | 42 | €166,122 | €0 | -€166,122 | -100.0% |
| Trade debts | 44 | €544,418 | €261,494 | -€282,924 | -52.0% |
| Suppliers | 440/4 | €544,418 | €261,494 | -€282,924 | -52.0% |
| Taxes, remuneration and social security | 45 | €151,317 | €135,880 | -€15,436 | -10.2% |
| Taxes | 450/3 | €151,317 | €135,880 | -€15,436 | -10.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €143,716 | €157,508 | +€13,792 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €529,093 | €529,093 | = | 0.0% |
| Other operating charges | 640/8 | €3,112 | €3,178 | +€67 | +2.1% |
| Gross operating margin | 9900 | €2,236,463 | €495,097 | -€1.7m | -77.9% |
| Operating profit (loss) | 9901 | €1,704,258 | -€37,175 | -€1.7m | |
| Financial income | 75/76B | €1,888 | €4,222 | +€2,333 | +123.6% |
| Recurring financial income | 75 | €1,888 | €4,222 | +€2,333 | +123.6% |
| Financial charges | 65/66B | €54,824 | €28,619 | -€26,206 | -47.8% |
| Recurring financial charges | 65 | €54,824 | €28,619 | -€26,206 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €1,651,322 | -€61,572 | -€1.7m | |
| Income taxes | 67/77 | €421,527 | €634 | -€420,893 | -99.8% |
| Profit (loss) for the period | 9904 | €1,229,794 | -€62,206 | -€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,229,794 | -€62,206 | -€1.3m |
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 10 October 2026 via checked.be.