Storm Geraardsbergen: 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 Geraardsbergen
Largest movements
- Receivables within one year -€334,894
down €334,894 (-65.1%), from €514,190 to €179,296
of which Trade receivables: -€334,894
- Tangible fixed assets -€298,018
down €298,018 (-5.7%), from €5.3m to €5.0m
- Cash +€200,572
up €200,572 (+76.6%), from €261,740 to €462,312
mainly Depreciation (+€393,779) and Receivables within one year (+€334,894)
- Intangible fixed assets -€95,120
down €95,120 (-46.9%), from €202,951 to €107,831
- Reserves -€475,767
down €475,767 (-24.5%), from €1.9m to €1.5m
of which Distributable reserves: -€475,767
- Tax, wage and social debts +€255,888
up €255,888 (+560%), from €45,696 to €301,584
of which Taxes: +€255,888
- Debts after one year -€174,365
down €174,365 (-5.7%), from €3.1m to €2.9m
- Current portion of long-term debt -€107,178
down €107,178 (-38.1%), from €281,543 to €174,365
- Gross operating margin -€1.4m
down €1.4m (-75.2%), from €1.9m to €462,689
- Financial charges -€106,237
down €106,237 (-47.5%), from €223,874 to €117,637
- Depreciation -€39,055
down €39,055 (-9.0%), from €432,834 to €393,779
- Taxes +€26,761
up €26,761 (+10.8%), from €248,864 to €275,625
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 | €6,257,233 | €5,727,870 | -€529,363 | -8.5% |
| Formation expenses | 20 | €1,744 | €1,102 | -€642 | -36.8% |
| Fixed assets | 21/28 | €5,460,551 | €5,067,413 | -€393,138 | -7.2% |
| Intangible fixed assets | 21 | €202,951 | €107,831 | -€95,120 | -46.9% |
| Tangible fixed assets | 22/27 | €5,257,600 | €4,959,582 | -€298,018 | -5.7% |
| Plant, machinery and equipment | 23 | €5,257,600 | €4,959,582 | -€298,018 | -5.7% |
| Current assets | 29/58 | €794,939 | €659,355 | -€135,584 | -17.1% |
| Amounts receivable within one year | 40/41 | €514,190 | €179,296 | -€334,894 | -65.1% |
| Trade receivables | 40 | €514,190 | €179,296 | -€334,894 | -65.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €261,740 | €462,312 | +€200,572 | +76.6% |
| Deferred charges and accrued income | 490/1 | €19,009 | €17,746 | -€1,262 | -6.6% |
| Total equity and liabilities | 10/49 | €6,257,233 | €5,727,870 | -€529,363 | -8.5% |
| Equity | 10/15 | €2,786,400 | €2,310,634 | -€475,767 | -17.1% |
| Contributions | 10/11 | €844,569 | €844,569 | = | 0.0% |
| Capital | 10 | €844,569 | €844,569 | = | 0.0% |
| Issued capital | 100 | €844,569 | €844,569 | = | 0.0% |
| Reserves | 13 | €1,941,832 | €1,466,065 | -€475,767 | -24.5% |
| Non-distributable reserves | 130/1 | €84,457 | €84,457 | = | 0.0% |
| Legal reserve | 130 | €84,457 | €84,457 | = | 0.0% |
| Distributable reserves | 133 | €1,857,375 | €1,381,608 | -€475,767 | -25.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,470,833 | €3,417,236 | -€53,597 | -1.5% |
| Amounts payable after more than one year | 17 | €3,056,385 | €2,882,020 | -€174,365 | -5.7% |
| Financial debts | 170/4 | €3,056,385 | €2,882,020 | -€174,365 | -5.7% |
| Amounts payable within one year | 42/48 | €327,239 | €489,064 | +€161,825 | +49.5% |
| Current portion of amounts payable after more than one year | 42 | €281,543 | €174,365 | -€107,178 | -38.1% |
| Trade debts | 44 | €0 | €13,115 | +€13,115 | |
| Suppliers | 440/4 | €0 | €13,115 | +€13,115 | |
| Taxes, remuneration and social security | 45 | €45,696 | €301,584 | +€255,888 | +560% |
| Taxes | 450/3 | €45,696 | €301,584 | +€255,888 | +560% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €87,209 | €46,153 | -€41,056 | -47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €432,834 | €393,779 | -€39,055 | -9.0% |
| Other operating charges | 640/8 | €1,152 | €1,414 | +€262 | +22.8% |
| Gross operating margin | 9900 | €1,869,314 | €462,689 | -€1.4m | -75.2% |
| Operating profit (loss) | 9901 | €1,435,328 | €67,496 | -€1.4m | -95.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €223,874 | €117,637 | -€106,237 | -47.5% |
| Recurring financial charges | 65 | €223,874 | €117,637 | -€106,237 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €1,211,454 | -€50,141 | -€1.3m | |
| Income taxes | 67/77 | €248,864 | €275,625 | +€26,761 | +10.8% |
| Profit (loss) for the period | 9904 | €962,589 | -€325,767 | -€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €962,589 | -€325,767 | -€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 26 October 2026 via checked.be.