VIERKANT GEYSELS: 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.
VIERKANT GEYSELS
Largest movements
- Cash -€79,800
down €79,800 (-73.4%), from €108,672 to €28,872
mainly Contributions, distributions and other (-€297,145) and Tax, wage and social debts (-€11,868)
- Receivables within one year -€64,541
down €64,541 (-40.3%), from €160,133 to €95,592
of which Trade receivables: -€64,433
- Reserves -€214,321
down €214,321 (-89.8%), from €238,655 to €24,333
- Other debts +€82,011
up €82,011 (+2,349,886%), from €3 to €82,015
- Tax, wage and social debts -€11,868
down €11,868 (-30.9%), from €38,363 to €26,495
- Debts after one year -€3,091
down €3,091 (-62.5%), from €4,949 to €1,858
- Gross operating margin -€61,388
down €61,388 (-36.0%), from €170,313 to €108,925
- Taxes -€15,520
down €15,520 (-40.7%), from €38,105 to €22,585
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 | €289,806 | €142,960 | -€146,845 | -50.7% |
| Fixed assets | 21/28 | €21,000 | €18,496 | -€2,504 | -11.9% |
| Tangible fixed assets | 22/27 | €6,334 | €3,830 | -€2,504 | -39.5% |
| Land and buildings | 22 | €712 | €356 | -€357 | -50.1% |
| Plant, machinery and equipment | 23 | €2,262 | €1,032 | -€1,230 | -54.4% |
| Furniture and vehicles | 24 | €3,359 | €2,442 | -€917 | -27.3% |
| Financial fixed assets | 28 | €14,667 | €14,667 | = | 0.0% |
| Current assets | 29/58 | €268,805 | €124,464 | -€144,341 | -53.7% |
| Amounts receivable within one year | 40/41 | €160,133 | €95,592 | -€64,541 | -40.3% |
| Trade receivables | 40 | €159,418 | €94,985 | -€64,433 | -40.4% |
| Other amounts receivable | 41 | €716 | €607 | -€109 | -15.2% |
| Cash at bank and in hand | 54/58 | €108,672 | €28,872 | -€79,800 | -73.4% |
| Total equity and liabilities | 10/49 | €289,806 | €142,960 | -€146,845 | -50.7% |
| Equity | 10/15 | €243,655 | €29,333 | -€214,321 | -88.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €238,655 | €24,333 | -€214,321 | -89.8% |
| Distributable reserves | 133 | €238,655 | €24,333 | -€214,321 | -89.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €46,151 | €113,627 | +€67,476 | +146% |
| Amounts payable after more than one year | 17 | €4,949 | €1,858 | -€3,091 | -62.5% |
| Financial debts | 170/4 | €4,949 | €1,858 | -€3,091 | -62.5% |
| Amounts payable within one year | 42/48 | €41,202 | €111,769 | +€70,567 | +171% |
| Current portion of amounts payable after more than one year | 42 | €2,836 | €3,091 | +€255 | +9.0% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €0 | €169 | +€169 | |
| Suppliers | 440/4 | €0 | €169 | +€169 | |
| Taxes, remuneration and social security | 45 | €38,363 | €26,495 | -€11,868 | -30.9% |
| Taxes | 450/3 | €38,363 | €26,495 | -€11,868 | -30.9% |
| Other amounts payable | 47/48 | €3 | €82,015 | +€82,011 | +2,349,886% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,504 | €2,504 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,250 | €685 | -€565 | -45.2% |
| Gross operating margin | 9900 | €170,313 | €108,925 | -€61,388 | -36.0% |
| Operating profit (loss) | 9901 | €166,559 | €105,737 | -€60,823 | -36.5% |
| Financial income | 75/76B | €50 | €0 | -€50 | -100% |
| Recurring financial income | 75 | €50 | €0 | -€50 | -100% |
| Financial charges | 65/66B | €820 | €329 | -€492 | -59.9% |
| Recurring financial charges | 65 | €820 | €329 | -€492 | -59.9% |
| Profit (loss) for the period before taxes | 9903 | €165,789 | €105,408 | -€60,381 | -36.4% |
| Income taxes | 67/77 | €38,105 | €22,585 | -€15,520 | -40.7% |
| Profit (loss) for the period | 9904 | €127,685 | €82,823 | -€44,862 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €127,685 | €82,823 | -€44,862 | -35.1% |
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 23 October 2026 via checked.be.