G.E.G. TECHNIEK: 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.
G.E.G. TECHNIEK
Largest movements
- Financial fixed assets +€50,000
up €50,000, from €0 to €50,000
- Tangible fixed assets +€43,355
up €43,355 (+162%), from €26,694 to €70,049
of which Furniture and vehicles: +€43,981
- Receivables after one year -€36,000
no longer reported in 2025 (was €36,000)
- Cash -€27,843
down €27,843 (-47.6%), from €58,493 to €30,650
mainly Investment in fixed assets (net) (-€132,102) and Tax, wage and social debts (-€29,228)
- Receivables within one year +€27,339
up €27,339 (+53.9%), from €50,683 to €78,022
of which Trade receivables: +€35,750
- Debts after one year +€38,956
new in 2025: €38,956
- Tax, wage and social debts -€29,228
down €29,228 (-74.8%), from €39,080 to €9,853
of which Taxes: -€29,228
- Reserves +€25,483
up €25,483 (+27.3%), from €93,514 to €118,996
- Trade debts +€9,254
up €9,254 (+44.7%), from €20,724 to €29,977
- Other debts +€5,100
new in 2025: €5,100
- Gross operating margin +€38,314
up €38,314 (+37.7%), from €101,564 to €139,878
- Financial charges +€16,573
up €16,573 (+514%), from €3,227 to €19,800
of which Non-recurring financial charges: +€15,000
- Taxes +€7,438
up €7,438 (+75.7%), from €9,821 to €17,259
- Depreciation +€7,177
up €7,177 (+22.7%), from €31,570 to €38,747
- Staff costs -€3,272
down €3,272 (-9.0%), from €36,288 to €33,016
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 | €176,398 | €228,721 | +€52,322 | +29.7% |
| Fixed assets | 21/28 | €26,694 | €120,049 | +€93,355 | +350% |
| Tangible fixed assets | 22/27 | €26,694 | €70,049 | +€43,355 | +162% |
| Plant, machinery and equipment | 23 | €1,784 | €1,159 | -€625 | -35.1% |
| Furniture and vehicles | 24 | €24,910 | €68,891 | +€43,981 | +177% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €0 | €50,000 | +€50,000 | |
| Current assets | 29/58 | €149,704 | €108,671 | -€41,033 | -27.4% |
| Amounts receivable after more than one year | 29 | €36,000 | - | -€36,000 | |
| Trade receivables | 290 | €36,000 | - | -€36,000 | |
| Amounts receivable within one year | 40/41 | €50,683 | €78,022 | +€27,339 | +53.9% |
| Trade receivables | 40 | €24,895 | €60,645 | +€35,750 | +144% |
| Other amounts receivable | 41 | €25,788 | €17,377 | -€8,412 | -32.6% |
| Cash at bank and in hand | 54/58 | €58,493 | €30,650 | -€27,843 | -47.6% |
| Deferred charges and accrued income | 490/1 | €4,528 | - | -€4,528 | |
| Total equity and liabilities | 10/49 | €176,398 | €228,721 | +€52,322 | +29.7% |
| Equity | 10/15 | €103,514 | €128,996 | +€25,483 | +24.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €93,514 | €118,996 | +€25,483 | +27.3% |
| Distributable reserves | 133 | €93,514 | €118,996 | +€25,483 | +27.3% |
| Amounts payable | 17/49 | €72,884 | €99,724 | +€26,840 | +36.8% |
| Amounts payable after more than one year | 17 | - | €38,956 | +€38,956 | |
| Financial debts | 170/4 | - | €38,956 | +€38,956 | |
| Amounts payable within one year | 42/48 | €72,884 | €60,768 | -€12,117 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €13,080 | €15,838 | +€2,757 | +21.1% |
| Trade debts | 44 | €20,724 | €29,977 | +€9,254 | +44.7% |
| Suppliers | 440/4 | €20,724 | €29,977 | +€9,254 | +44.7% |
| Taxes, remuneration and social security | 45 | €39,080 | €9,853 | -€29,228 | -74.8% |
| Taxes | 450/3 | €39,080 | €9,853 | -€29,228 | -74.8% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | - | €5,100 | +€5,100 | |
| Non-recurring operating income | 76A | - | €26,102 | +€26,102 | |
| Remuneration, social security and pensions | 62 | €36,288 | €33,016 | -€3,272 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,570 | €38,747 | +€7,177 | +22.7% |
| Other operating charges | 640/8 | €5,608 | €5,574 | -€34 | -0.6% |
| Gross operating margin | 9900 | €101,564 | €139,878 | +€38,314 | +37.7% |
| Operating profit (loss) | 9901 | €28,099 | €62,542 | +€34,443 | +123% |
| Financial charges | 65/66B | €3,227 | €19,800 | +€16,573 | +514% |
| Recurring financial charges | 65 | €3,227 | €4,800 | +€1,573 | +48.7% |
| Non-recurring financial charges | 66B | - | €15,000 | +€15,000 | |
| Profit (loss) for the period before taxes | 9903 | €24,872 | €42,742 | +€17,870 | +71.8% |
| Income taxes | 67/77 | €9,821 | €17,259 | +€7,438 | +75.7% |
| Profit (loss) for the period | 9904 | €15,051 | €25,483 | +€10,432 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,051 | €25,483 | +€10,432 | +69.3% |
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 24 October 2026 via checked.be.