Wendy Geurs: 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.
Wendy Geurs
Largest movements
- Cash +€2,954
up €2,954 (+1,733%), from €170 to €3,125
mainly Net result for the year (+€6,700)
- Receivables within one year +€2,112
up €2,112 (+4.7%), from €44,961 to €47,073
of which Other amounts receivable: +€3,200
- Deferred charges and accrued income +€1,500
new in 2025: €1,500
- Profit (loss) carried forward +€6,700
up €6,700 (+17.4%), from €38,532 to €45,232
- Gross operating margin +€7,884
up €7,884 (+452%), from €1,746 to €9,630
- Taxes +€1,635
up €1,635 (+145%), from €1,129 to €2,764
- Financial charges +€1,212
up €1,212 (+1,310%), from €93 to €1,305
- Other operating charges +€297
up €297 (+36.7%), from €808 to €1,104
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 | €45,131 | €51,698 | +€6,567 | +14.5% |
| Current assets | 29/58 | €45,131 | €51,698 | +€6,567 | +14.5% |
| Amounts receivable within one year | 40/41 | €44,961 | €47,073 | +€2,112 | +4.7% |
| Trade receivables | 40 | €5,859 | €4,771 | -€1,088 | -18.6% |
| Other amounts receivable | 41 | €39,102 | €42,302 | +€3,200 | +8.2% |
| Cash at bank and in hand | 54/58 | €170 | €3,125 | +€2,954 | +1,733% |
| Deferred charges and accrued income | 490/1 | - | €1,500 | +€1,500 | |
| Total equity and liabilities | 10/49 | €45,131 | €51,698 | +€6,567 | +14.5% |
| Equity | 10/15 | €40,032 | €46,732 | +€6,700 | +16.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,532 | €45,232 | +€6,700 | +17.4% |
| Amounts payable | 17/49 | €5,100 | €4,966 | -€134 | -2.6% |
| Amounts payable within one year | 42/48 | €5,100 | €4,966 | -€134 | -2.6% |
| Trade debts | 44 | €245 | €116 | -€129 | -52.6% |
| Suppliers | 440/4 | €245 | €116 | -€129 | -52.6% |
| Taxes, remuneration and social security | 45 | €4,854 | €4,850 | -€5 | -0.1% |
| Taxes | 450/3 | €4,354 | €4,850 | +€495 | +11.4% |
| Remuneration and social security | 454/9 | €500 | - | -€500 | |
| Other operating charges | 640/8 | €808 | €1,104 | +€297 | +36.7% |
| Gross operating margin | 9900 | €1,746 | €9,630 | +€7,884 | +452% |
| Operating profit (loss) | 9901 | €938 | €8,526 | +€7,588 | +809% |
| Financial income | 75/76B | €2,225 | €2,243 | +€18 | +0.8% |
| Recurring financial income | 75 | €2,225 | €2,243 | +€18 | +0.8% |
| Financial charges | 65/66B | €93 | €1,305 | +€1,212 | +1,310% |
| Recurring financial charges | 65 | €93 | €1,305 | +€1,212 | +1,310% |
| Profit (loss) for the period before taxes | 9903 | €3,070 | €9,464 | +€6,394 | +208% |
| Income taxes | 67/77 | €1,129 | €2,764 | +€1,635 | +145% |
| Profit (loss) for the period | 9904 | €1,942 | €6,700 | +€4,759 | +245% |
| Profit (loss) for the period to be appropriated | 9905 | €1,942 | €6,700 | +€4,759 | +245% |
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.