VAN ISTERDAEL GEERT: 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 ISTERDAEL GEERT
Largest movements
- Receivables within one year -€23,600
no longer reported in 2025 (was €23,600)
of which Other amounts receivable: -€18,558
- Tangible fixed assets -€7,782
down €7,782 (-14.1%), from €55,021 to €47,239
of which Plant, machinery and equipment: -€5,415
- Cash +€6,395
up €6,395 (+10.9%), from €58,626 to €65,021
mainly Receivables within one year (+€23,600) and Net result for the year (+€9,588)
- Stocks and contracts +€2,118
new in 2025: €2,118
- Reserves -€25,830
down €25,830 (-22.3%), from €115,969 to €90,140
of which Distributable reserves: -€25,830
- Other debts +€4,234
new in 2025: €4,234
- Gross operating margin -€2,959
down €2,959 (-10.9%), from €27,061 to €24,102
- Depreciation +€964
up €964 (+14.1%), from €6,818 to €7,782
- Staff costs -€784
no longer reported in 2025 (was €784)
- Taxes -€556
down €556 (-9.9%), from €5,638 to €5,082
- Financial income +€510
up €510 (+60.3%), from €846 to €1,356
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 | €139,424 | €116,971 | -€22,453 | -16.1% |
| Fixed assets | 21/28 | €55,021 | €47,239 | -€7,782 | -14.1% |
| Tangible fixed assets | 22/27 | €55,021 | €47,239 | -€7,782 | -14.1% |
| Land and buildings | 22 | €35,649 | €33,283 | -€2,367 | -6.6% |
| Plant, machinery and equipment | 23 | €19,371 | €13,956 | -€5,415 | -28.0% |
| Current assets | 29/58 | €84,404 | €69,732 | -€14,671 | -17.4% |
| Stocks and contracts in progress | 3 | - | €2,118 | +€2,118 | |
| Stocks | 30/36 | - | €2,118 | +€2,118 | |
| Amounts receivable within one year | 40/41 | €23,600 | - | -€23,600 | |
| Trade receivables | 40 | €5,042 | - | -€5,042 | |
| Other amounts receivable | 41 | €18,558 | - | -€18,558 | |
| Cash at bank and in hand | 54/58 | €58,626 | €65,021 | +€6,395 | +10.9% |
| Deferred charges and accrued income | 490/1 | €2,177 | €2,593 | +€415 | +19.1% |
| Total equity and liabilities | 10/49 | €139,424 | €116,971 | -€22,453 | -16.1% |
| Equity | 10/15 | €133,600 | €107,770 | -€25,830 | -19.3% |
| Contributions | 10/11 | €17,630 | €17,630 | = | 0.0% |
| Reserves | 13 | €115,969 | €90,140 | -€25,830 | -22.3% |
| Non-distributable reserves | 130/1 | €3,471 | €3,471 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,471 | €3,471 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,239 | €34,239 | = | 0.0% |
| Distributable reserves | 133 | €78,260 | €52,430 | -€25,830 | -33.0% |
| Amounts payable | 17/49 | €5,825 | €9,201 | +€3,376 | +58.0% |
| Amounts payable within one year | 42/48 | €5,825 | €9,201 | +€3,376 | +58.0% |
| Trade debts | 44 | €1,689 | €709 | -€980 | -58.0% |
| Suppliers | 440/4 | €1,689 | €709 | -€980 | -58.0% |
| Taxes, remuneration and social security | 45 | €4,136 | €4,258 | +€122 | +2.9% |
| Taxes | 450/3 | €4,136 | €4,258 | +€122 | +2.9% |
| Other amounts payable | 47/48 | - | €4,234 | +€4,234 | |
| Remuneration, social security and pensions | 62 | €784 | - | -€784 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,818 | €7,782 | +€964 | +14.1% |
| Other operating charges | 640/8 | €2,850 | €2,939 | +€89 | +3.1% |
| Gross operating margin | 9900 | €27,061 | €24,102 | -€2,959 | -10.9% |
| Operating profit (loss) | 9901 | €16,609 | €13,381 | -€3,228 | -19.4% |
| Financial income | 75/76B | €846 | €1,356 | +€510 | +60.3% |
| Recurring financial income | 75 | €846 | €1,356 | +€510 | +60.3% |
| Financial charges | 65/66B | €74 | €67 | -€7 | -9.2% |
| Recurring financial charges | 65 | €74 | €67 | -€7 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €17,381 | €14,670 | -€2,711 | -15.6% |
| Income taxes | 67/77 | €5,638 | €5,082 | -€556 | -9.9% |
| Profit (loss) for the period | 9904 | €11,743 | €9,588 | -€2,155 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,743 | €9,588 | -€2,155 | -18.4% |
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 28 October 2026 via checked.be.