YVAN GEENS: 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.
YVAN GEENS
Largest movements
- Tangible fixed assets -€89,793
down €89,793 (-6.2%), from €1.4m to €1.3m
of which Land and buildings: -€82,450
- Current investments -€39,790
down €39,790 (-100%), from €39,790 to €0
- Provisions -€66,163
down €66,163 (-30.3%), from €218,392 to €152,230
- Reserves -€40,052
down €40,052 (-4.9%), from €822,048 to €781,997
of which Tax-exempt reserves: -€198,488
- Other debts -€25,183
down €25,183 (-6.2%), from €409,309 to €384,127
- Taxes +€51,680
up €51,680 (+32,300%), from €160 to €51,840
- Financial charges -€17,163
down €17,163 (-68.9%), from €24,909 to €7,746
- Gross operating margin +€12,645
up €12,645 (+28.6%), from €44,146 to €56,791
- Depreciation -€6,312
down €6,312 (-6.0%), from €106,003 to €99,690
- Financial income -€2,804
down €2,804 (-30.8%), from €9,090 to €6,286
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 | €1,510,894 | €1,360,010 | -€150,884 | -10.0% |
| Fixed assets | 21/28 | €1,440,099 | €1,350,306 | -€89,793 | -6.2% |
| Tangible fixed assets | 22/27 | €1,439,318 | €1,349,525 | -€89,793 | -6.2% |
| Land and buildings | 22 | €1,398,131 | €1,315,681 | -€82,450 | -5.9% |
| Furniture and vehicles | 24 | €41,188 | €33,845 | -€7,343 | -17.8% |
| Financial fixed assets | 28 | €781 | €781 | = | 0.0% |
| Current assets | 29/58 | €70,795 | €9,704 | -€61,091 | -86.3% |
| Amounts receivable within one year | 40/41 | €16,468 | €6,326 | -€10,143 | -61.6% |
| Trade receivables | 40 | €14,135 | €2,722 | -€11,414 | -80.7% |
| Other amounts receivable | 41 | €2,333 | €3,604 | +€1,271 | +54.5% |
| Current investments | 50/53 | €39,790 | €0 | -€39,790 | -100% |
| Cash at bank and in hand | 54/58 | €14,531 | €3,164 | -€11,367 | -78.2% |
| Deferred charges and accrued income | 490/1 | €6 | €215 | +€209 | +3,801% |
| Total equity and liabilities | 10/49 | €1,510,894 | €1,360,010 | -€150,884 | -10.0% |
| Equity | 10/15 | €840,648 | €800,597 | -€40,052 | -4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €822,048 | €781,997 | -€40,052 | -4.9% |
| Tax-exempt reserves | 132 | €655,585 | €457,097 | -€198,488 | -30.3% |
| Distributable reserves | 133 | €166,463 | €324,899 | +€158,436 | +95.2% |
| Provisions and deferred taxes | 16 | €218,392 | €152,230 | -€66,163 | -30.3% |
| Deferred taxes | 168 | €218,392 | €152,230 | -€66,163 | -30.3% |
| Amounts payable | 17/49 | €451,853 | €407,183 | -€44,670 | -9.9% |
| Amounts payable within one year | 42/48 | €448,686 | €403,928 | -€44,758 | -10.0% |
| Financial debts | 43 | €10,178 | €5,022 | -€5,156 | -50.7% |
| Credit institutions | 430/8 | €10,178 | €5,022 | -€5,156 | -50.7% |
| Trade debts | 44 | €9,942 | €8,288 | -€1,654 | -16.6% |
| Suppliers | 440/4 | €9,942 | €8,288 | -€1,654 | -16.6% |
| Taxes, remuneration and social security | 45 | €19,257 | €6,492 | -€12,765 | -66.3% |
| Taxes | 450/3 | €19,257 | €6,492 | -€12,765 | -66.3% |
| Other amounts payable | 47/48 | €409,309 | €384,127 | -€25,183 | -6.2% |
| Accrued charges and deferred income | 492/3 | €3,167 | €3,255 | +€88 | +2.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,003 | €99,690 | -€6,312 | -6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €605 | +€605 | |
| Other operating charges | 640/8 | €8,049 | €9,411 | +€1,362 | +16.9% |
| Non-recurring operating charges | 66A | €2,978 | €0 | -€2,978 | -100% |
| Gross operating margin | 9900 | €44,146 | €56,791 | +€12,645 | +28.6% |
| Operating profit (loss) | 9901 | -€72,884 | -€52,915 | +€19,969 | +27.4% |
| Financial income | 75/76B | €9,090 | €6,286 | -€2,804 | -30.8% |
| Recurring financial income | 75 | €9,090 | €6,286 | -€2,804 | -30.8% |
| Financial charges | 65/66B | €24,909 | €7,746 | -€17,163 | -68.9% |
| Recurring financial charges | 65 | €24,909 | €7,746 | -€17,163 | -68.9% |
| Profit (loss) for the period before taxes | 9903 | -€88,704 | -€54,375 | +€34,329 | +38.7% |
| Transfer from deferred taxes | 780 | €19,269 | €66,163 | +€46,893 | +243% |
| Income taxes | 67/77 | €160 | €51,840 | +€51,680 | +32,300% |
| Profit (loss) for the period | 9904 | -€69,594 | -€40,052 | +€29,542 | +42.4% |
| Transfer from tax-exempt reserves | 789 | €57,808 | €198,488 | +€140,680 | +243% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,787 | €158,436 | +€170,222 |
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 20 October 2026 via checked.be.