VISHANDEL 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.
VISHANDEL GEERT
Largest movements
- Tangible fixed assets -€13,264
down €13,264 (-40.1%), from €33,085 to €19,821
of which Leasing and similar rights: -€10,400
- Cash +€7,312
up €7,312 (+11.2%), from €65,331 to €72,643
mainly Depreciation (+€13,264) and Net result for the year (+€3,942)
- Receivables within one year -€1,128
down €1,128 (-68.4%), from €1,649 to €521
of which Other amounts receivable: -€1,128
- Debts after one year -€7,766
down €7,766 (-100%), from €7,766 to €0
- Profit (loss) carried forward +€3,942
up €3,942 (+39.4%), from -€9,993 to -€6,051
- Current portion of long-term debt -€2,969
down €2,969 (-30.5%), from €9,717 to €6,749
- Tax, wage and social debts -€2,414
down €2,414 (-26.2%), from €9,228 to €6,814
of which Taxes: -€2,391
- Trade debts +€1,192
up €1,192 (+3.5%), from €34,100 to €35,292
- Gross operating margin +€6,634
up €6,634 (+48.6%), from €13,655 to €20,289
- Depreciation +€1,838
up €1,838 (+16.1%), from €11,425 to €13,264
- Taxes +€237
up €237 (+75.3%), from €314 to €551
- Financial charges -€228
down €228 (-36.0%), from €635 to €407
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 | €103,171 | €95,203 | -€7,968 | -7.7% |
| Fixed assets | 21/28 | €33,085 | €19,821 | -€13,264 | -40.1% |
| Tangible fixed assets | 22/27 | €33,085 | €19,821 | -€13,264 | -40.1% |
| Land and buildings | 22 | €12,513 | €10,427 | -€2,087 | -16.7% |
| Plant, machinery and equipment | 23 | €1,326 | €1,046 | -€280 | -21.1% |
| Furniture and vehicles | 24 | €498 | €0 | -€498 | -100% |
| Leasing and similar rights | 25 | €18,748 | €8,348 | -€10,400 | -55.5% |
| Current assets | 29/58 | €70,086 | €75,382 | +€5,296 | +7.6% |
| Stocks and contracts in progress | 3 | €1,500 | €750 | -€750 | -50.0% |
| Stocks | 30/36 | €1,500 | €750 | -€750 | -50.0% |
| Amounts receivable within one year | 40/41 | €1,649 | €521 | -€1,128 | -68.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,649 | €521 | -€1,128 | -68.4% |
| Cash at bank and in hand | 54/58 | €65,331 | €72,643 | +€7,312 | +11.2% |
| Deferred charges and accrued income | 490/1 | €1,605 | €1,468 | -€137 | -8.6% |
| Total equity and liabilities | 10/49 | €103,171 | €95,203 | -€7,968 | -7.7% |
| Equity | 10/15 | €41,359 | €45,301 | +€3,942 | +9.5% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €43,852 | €43,852 | = | 0.0% |
| Distributable reserves | 133 | €43,852 | €43,852 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,993 | -€6,051 | +€3,942 | +39.4% |
| Amounts payable | 17/49 | €61,811 | €49,902 | -€11,909 | -19.3% |
| Amounts payable after more than one year | 17 | €7,766 | €0 | -€7,766 | -100% |
| Financial debts | 170/4 | €7,766 | €0 | -€7,766 | -100% |
| Amounts payable within one year | 42/48 | €53,045 | €48,855 | -€4,190 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €9,717 | €6,749 | -€2,969 | -30.5% |
| Trade debts | 44 | €34,100 | €35,292 | +€1,192 | +3.5% |
| Suppliers | 440/4 | €34,100 | €35,292 | +€1,192 | +3.5% |
| Taxes, remuneration and social security | 45 | €9,228 | €6,814 | -€2,414 | -26.2% |
| Taxes | 450/3 | €7,206 | €4,814 | -€2,391 | -33.2% |
| Remuneration and social security | 454/9 | €2,023 | €2,000 | -€23 | -1.1% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,047 | +€47 | +4.7% |
| Remuneration, social security and pensions | 62 | €32 | €0 | -€32 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,425 | €13,264 | +€1,838 | +16.1% |
| Other operating charges | 640/8 | €2,001 | €2,126 | +€125 | +6.2% |
| Gross operating margin | 9900 | €13,655 | €20,289 | +€6,634 | +48.6% |
| Operating profit (loss) | 9901 | €197 | €4,899 | +€4,702 | +2,386% |
| Financial income | 75/76B | €79 | €0 | -€79 | -100% |
| Recurring financial income | 75 | €79 | €0 | -€79 | -100% |
| Financial charges | 65/66B | €635 | €407 | -€228 | -36.0% |
| Recurring financial charges | 65 | €635 | €407 | -€228 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | -€359 | €4,492 | +€4,852 | |
| Income taxes | 67/77 | €314 | €551 | +€237 | +75.3% |
| Profit (loss) for the period | 9904 | -€673 | €3,942 | +€4,615 | |
| Profit (loss) for the period to be appropriated | 9905 | -€673 | €3,942 | +€4,615 |
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 26 October 2026 via checked.be.