VAN GEYSEGHEM BART: 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.
VAN GEYSEGHEM BART
Largest movements
- Deferred charges and accrued income +€16,824
up €16,824 (+255%), from €6,608 to €23,432
- Tangible fixed assets -€13,482
down €13,482 (-25.8%), from €52,189 to €38,708
of which Land and buildings: -€10,300
- Cash +€11,399
up €11,399 (+30.1%), from €37,811 to €49,210
mainly Depreciation (+€15,203) and Net result for the year (+€9,067)
- Reserves +€8,234
up €8,234 (+8.1%), from €101,384 to €109,618
- Other debts +€6,034
up €6,034 (+34.9%), from €17,267 to €23,302
- Trade debts +€1,792
up €1,792 (+987%), from €182 to €1,973
- Gross operating margin +€6,235
up €6,235 (+25.1%), from €24,807 to €31,042
- Taxes +€2,091
up €2,091 (+74.6%), from €2,803 to €4,894
- Other operating charges +€1,075
up €1,075 (+180%), from €598 to €1,672
- Depreciation +€460
up €460 (+3.1%), from €14,743 to €15,203
- Financial charges -€451
down €451 (-68.7%), from €657 to €206
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 | €147,225 | €162,630 | +€15,405 | +10.5% |
| Fixed assets | 21/28 | €52,189 | €38,708 | -€13,482 | -25.8% |
| Tangible fixed assets | 22/27 | €52,189 | €38,708 | -€13,482 | -25.8% |
| Land and buildings | 22 | €39,485 | €29,185 | -€10,300 | -26.1% |
| Plant, machinery and equipment | 23 | €5,656 | €3,964 | -€1,692 | -29.9% |
| Furniture and vehicles | 24 | €7,048 | €5,559 | -€1,489 | -21.1% |
| Current assets | 29/58 | €95,035 | €123,922 | +€28,887 | +30.4% |
| Amounts receivable within one year | 40/41 | €50,617 | €51,281 | +€664 | +1.3% |
| Trade receivables | 40 | €48,755 | €51,281 | +€2,526 | +5.2% |
| Other amounts receivable | 41 | €1,862 | €0 | -€1,862 | -100% |
| Cash at bank and in hand | 54/58 | €37,811 | €49,210 | +€11,399 | +30.1% |
| Deferred charges and accrued income | 490/1 | €6,608 | €23,432 | +€16,824 | +255% |
| Total equity and liabilities | 10/49 | €147,225 | €162,630 | +€15,405 | +10.5% |
| Equity | 10/15 | €119,984 | €128,218 | +€8,234 | +6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,384 | €109,618 | +€8,234 | +8.1% |
| Distributable reserves | 133 | €101,384 | €109,618 | +€8,234 | +8.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €27,240 | €34,412 | +€7,171 | +26.3% |
| Amounts payable within one year | 42/48 | €25,729 | €32,896 | +€7,168 | +27.9% |
| Trade debts | 44 | €182 | €1,973 | +€1,792 | +987% |
| Suppliers | 440/4 | €182 | €1,973 | +€1,792 | +987% |
| Taxes, remuneration and social security | 45 | €8,280 | €7,621 | -€659 | -8.0% |
| Taxes | 450/3 | €8,280 | €7,621 | -€659 | -8.0% |
| Other amounts payable | 47/48 | €17,267 | €23,302 | +€6,034 | +34.9% |
| Accrued charges and deferred income | 492/3 | €1,512 | €1,515 | +€4 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,743 | €15,203 | +€460 | +3.1% |
| Other operating charges | 640/8 | €598 | €1,672 | +€1,075 | +180% |
| Non-recurring operating charges | 66A | €63 | - | -€63 | |
| Gross operating margin | 9900 | €24,807 | €31,042 | +€6,235 | +25.1% |
| Operating profit (loss) | 9901 | €9,403 | €14,167 | +€4,764 | +50.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €657 | €206 | -€451 | -68.7% |
| Recurring financial charges | 65 | €657 | €206 | -€451 | -68.7% |
| Profit (loss) for the period before taxes | 9903 | €8,746 | €13,961 | +€5,215 | +59.6% |
| Income taxes | 67/77 | €2,803 | €4,894 | +€2,091 | +74.6% |
| Profit (loss) for the period | 9904 | €5,943 | €9,067 | +€3,124 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,943 | €9,067 | +€3,124 | +52.6% |
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 29 October 2026 via checked.be.