van Geest: what changed
Two fiscal 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.
van Geest
Largest movements
- Tangible fixed assets +€22,963
up €22,963 (+69.9%), from €32,837 to €55,801
of which Other tangible fixed assets: +€15,789
- Cash +€7,769
up €7,769 (+19.7%), from €39,485 to €47,254
mainly Net result for the year (+€41,645) and Depreciation (+€10,389)
- Receivables within one year +€2,955
up €2,955 (+24.2%), from €12,189 to €15,144
of which Trade receivables: +€4,428
- Reserves +€40,000
up €40,000 (+90.9%), from €44,000 to €84,000
- Debts after one year -€5,200
down €5,200 (-25.0%), from €20,800 to €15,600
- Tax, wage and social debts -€1,641
down €1,641 (-12.5%), from €13,090 to €11,449
- Gross operating margin -€4,690
down €4,690 (-6.9%), from €68,384 to €63,694
- Depreciation +€2,085
up €2,085 (+25.1%), from €8,304 to €10,389
- Taxes -€1,641
down €1,641 (-14.2%), from €11,590 to €9,949
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 | €86,436 | €119,976 | +€33,540 | +38.8% |
| Fixed assets | 21/28 | €32,837 | €55,801 | +€22,963 | +69.9% |
| Tangible fixed assets | 22/27 | €32,837 | €55,801 | +€22,963 | +69.9% |
| Plant, machinery and equipment | 23 | €658 | €1,216 | +€558 | +84.9% |
| Furniture and vehicles | 24 | €28,027 | €34,643 | +€6,616 | +23.6% |
| Other tangible fixed assets | 26 | €4,153 | €19,942 | +€15,789 | +380.2% |
| Current assets | 29/58 | €53,598 | €64,175 | +€10,577 | +19.7% |
| Amounts receivable within one year | 40/41 | €12,189 | €15,144 | +€2,955 | +24.2% |
| Trade receivables | 40 | €10,130 | €14,557 | +€4,428 | +43.7% |
| Other amounts receivable | 41 | €2,059 | €587 | -€1,472 | -71.5% |
| Cash at bank and in hand | 54/58 | €39,485 | €47,254 | +€7,769 | +19.7% |
| Deferred charges and accrued income | 490/1 | €1,925 | €1,777 | -€147 | -7.7% |
| Total equity and liabilities | 10/49 | €86,436 | €119,976 | +€33,540 | +38.8% |
| Equity | 10/15 | €47,326 | €87,271 | +€39,945 | +84.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €44,000 | €84,000 | +€40,000 | +90.9% |
| Distributable reserves | 133 | €44,000 | €84,000 | +€40,000 | +90.9% |
| Profit (loss) carried forward | 14 | €326 | €271 | -€55 | -17.0% |
| Amounts payable | 17/49 | €39,110 | €32,705 | -€6,405 | -16.4% |
| Amounts payable after more than one year | 17 | €20,800 | €15,600 | -€5,200 | -25.0% |
| Financial debts | 170/4 | €20,800 | €15,600 | -€5,200 | -25.0% |
| Amounts payable within one year | 42/48 | €17,946 | €16,832 | -€1,114 | -6.2% |
| Trade debts | 44 | €718 | €371 | -€347 | -48.3% |
| Suppliers | 440/4 | €718 | €371 | -€347 | -48.3% |
| Taxes, remuneration and social security | 45 | €13,090 | €11,449 | -€1,641 | -12.5% |
| Taxes | 450/3 | €13,090 | €11,449 | -€1,641 | -12.5% |
| Other amounts payable | 47/48 | €4,137 | €5,011 | +€874 | +21.1% |
| Accrued charges and deferred income | 492/3 | €364 | €273 | -€91 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,304 | €10,389 | +€2,085 | +25.1% |
| Other operating charges | 640/8 | €693 | €615 | -€77 | -11.2% |
| Gross operating margin | 9900 | €68,384 | €63,694 | -€4,690 | -6.9% |
| Operating profit (loss) | 9901 | €59,387 | €52,689 | -€6,698 | -11.3% |
| Financial income | 75/76B | €0 | €1 | +€1 | +150.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +150.0% |
| Financial charges | 65/66B | €1,771 | €1,097 | -€675 | -38.1% |
| Recurring financial charges | 65 | €1,771 | €1,097 | -€675 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €57,616 | €51,594 | -€6,022 | -10.5% |
| Income taxes | 67/77 | €11,590 | €9,949 | -€1,641 | -14.2% |
| Profit (loss) for the period | 9904 | €46,026 | €41,645 | -€4,381 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,026 | €41,645 | -€4,381 | -9.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.