VAN GEYSEGHEM: 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.
What changed
VAN GEYSEGHEM
NACE 46.341, Wholesale of wines and spirits
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€20,568
2024 · -€50,017+€70,586
Equity
€545,214
2024 · €524,646+€20,568
Cash
€36,120
2024 · €29,815+€6,305
Balance sheet total
€2.4m
2024 · €2.8m-€422,581
Largest movements
Assets
- Stocks and contracts -€438,872
down €438,872 (-17.2%), from €2.5m to €2.1m
- Receivables within one year +€39,499
up €39,499 (+40.2%), from €98,163 to €137,662
of which Trade receivables: +€38,999
Equity and liabilities
- Trade debts -€252,336
down €252,336 (-27.9%), from €902,856 to €650,519
- Accrued charges and deferred income -€150,331
down €150,331 (-62.6%), from €240,138 to €89,807
- Other debts -€33,195
down €33,195 (-5.0%), from €659,082 to €625,888
Income statement
- Gross operating margin +€58,922
up €58,922 (+52.3%), from €112,702 to €171,624
- Staff costs -€6,478
down €6,478 (-7.1%), from €91,264 to €84,786
- Financial charges -€5,913
down €5,913 (-19.6%), from €30,191 to €24,279
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.
Result 2024
-€50,017
Gross operating margin
+€58,922
Staff costs
+€6,478
Depreciation
+€846
Write-downs
-€836
Other operating charges
+€399
Financial income
+€458
Financial charges
+€5,913
Taxes
-€1,595
Result 2025
€20,568
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.
From operations
+€18,986
Investment
€0
Financing
-€12,680
Cash 2024
€29,815
From operations (derived)
+€18,986
Net result for the year
+€20,568
Depreciation
+€25,274
Stocks and contracts
+€438,872
Receivables within one year
-€39,499
Deferred charges and accrued income
+€4,239
Trade debts
-€252,336
Tax, wage and social debts
+€5,393
Other debts
-€33,195
Accrued charges and deferred income
-€150,331
Financing
-€12,680
Debts after one year
-€5,508
Current portion of long-term debt
-€7,172
Cash 2025
€36,120
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,844,575 | €2,421,994 | -€422,581 | -14.9% |
| Fixed assets | 21/28 | €147,706 | €122,432 | -€25,274 | -17.1% |
| Tangible fixed assets | 22/27 | €128,904 | €103,630 | -€25,274 | -19.6% |
| Land and buildings | 22 | €46,952 | €40,456 | -€6,496 | -13.8% |
| Plant, machinery and equipment | 23 | €2,992 | €2,139 | -€852 | -28.5% |
| Furniture and vehicles | 24 | €4,314 | €2,381 | -€1,933 | -44.8% |
| Other tangible fixed assets | 26 | €74,647 | €58,653 | -€15,993 | -21.4% |
| Financial fixed assets | 28 | €18,802 | €18,802 | = | 0.0% |
| Current assets | 29/58 | €2,696,869 | €2,299,562 | -€397,307 | -14.7% |
| Stocks and contracts in progress | 3 | €2,549,970 | €2,111,099 | -€438,872 | -17.2% |
| Stocks | 30/36 | €2,549,970 | €2,111,099 | -€438,872 | -17.2% |
| Amounts receivable within one year | 40/41 | €98,163 | €137,662 | +€39,499 | +40.2% |
| Trade receivables | 40 | €89,274 | €128,273 | +€38,999 | +43.7% |
| Other amounts receivable | 41 | €8,889 | €9,389 | +€500 | +5.6% |
| Cash at bank and in hand | 54/58 | €29,815 | €36,120 | +€6,305 | +21.1% |
| Deferred charges and accrued income | 490/1 | €18,921 | €14,681 | -€4,239 | -22.4% |
| Total equity and liabilities | 10/49 | €2,844,575 | €2,421,994 | -€422,581 | -14.9% |
| Equity | 10/15 | €524,646 | €545,214 | +€20,568 | +3.9% |
| Contributions | 10/11 | €117,749 | €117,749 | = | 0.0% |
| Capital | 10 | €117,749 | €117,749 | = | 0.0% |
| Issued capital | 100 | €117,749 | €117,749 | = | 0.0% |
| Reserves | 13 | €223,941 | €223,941 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,575 | €20,575 | = | 0.0% |
| Legal reserve | 130 | €20,575 | €20,575 | = | 0.0% |
| Distributable reserves | 133 | €203,366 | €203,366 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,956 | €203,524 | +€20,568 | +11.2% |
| Amounts payable | 17/49 | €2,319,929 | €1,876,780 | -€443,149 | -19.1% |
| Amounts payable after more than one year | 17 | €462,125 | €456,617 | -€5,508 | -1.2% |
| Financial debts | 170/4 | €462,125 | €456,617 | -€5,508 | -1.2% |
| Amounts payable within one year | 42/48 | €1,617,667 | €1,330,356 | -€287,310 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €12,562 | €5,390 | -€7,172 | -57.1% |
| Trade debts | 44 | €902,856 | €650,519 | -€252,336 | -27.9% |
| Suppliers | 440/4 | €902,856 | €650,519 | -€252,336 | -27.9% |
| Taxes, remuneration and social security | 45 | €43,167 | €48,559 | +€5,393 | +12.5% |
| Taxes | 450/3 | €36,998 | €45,833 | +€8,836 | +23.9% |
| Remuneration and social security | 454/9 | €6,169 | €2,726 | -€3,443 | -55.8% |
| Other amounts payable | 47/48 | €659,082 | €625,888 | -€33,195 | -5.0% |
| Accrued charges and deferred income | 492/3 | €240,138 | €89,807 | -€150,331 | -62.6% |
| Remuneration, social security and pensions | 62 | €91,264 | €84,786 | -€6,478 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,120 | €25,274 | -€846 | -3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €836 | +€836 | |
| Other operating charges | 640/8 | €13,857 | €13,458 | -€399 | -2.9% |
| Gross operating margin | 9900 | €112,702 | €171,624 | +€58,922 | +52.3% |
| Operating profit (loss) | 9901 | -€18,539 | €47,270 | +€65,809 | |
| Financial income | 75/76B | - | €458 | +€458 | |
| Recurring financial income | 75 | - | €458 | +€458 | |
| Financial charges | 65/66B | €30,191 | €24,279 | -€5,913 | -19.6% |
| Recurring financial charges | 65 | €30,191 | €24,279 | -€5,913 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | -€48,730 | €23,450 | +€72,180 | |
| Income taxes | 67/77 | €1,287 | €2,882 | +€1,595 | +123.9% |
| Profit (loss) for the period | 9904 | -€50,017 | €20,568 | +€70,586 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,017 | €20,568 | +€70,586 |
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 9 October 2026 via checked.be.