G.E.I. TECHNIQUES SPECIALES: 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.
What changed
G.E.I. TECHNIQUES SPECIALES
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€70,408
2024 · €24,502+€45,907
Equity
€964,623
2024 · €954,215+€10,408
Cash
€135,085
2024 · €102,146+€32,939
Balance sheet total
€1.5m
2024 · €1.6m-€137,911
Largest movements
Assets
- Stocks and contracts -€161,352
down €161,352 (-21.6%), from €747,489 to €586,137
of which Contracts in progress: -€161,352
- Cash +€32,939
up €32,939 (+32.2%), from €102,146 to €135,085
mainly Stocks and contracts (+€161,352) and Net result for the year (+€70,408)
- Tangible fixed assets -€18,331
down €18,331 (-64.4%), from €28,462 to €10,131
Equity and liabilities
- Short-term financial debts -€163,526
down €163,526 (-71.1%), from €230,000 to €66,474
- Debts after one year -€40,000
down €40,000 (-52.2%), from €76,667 to €36,667
- Trade debts +€37,632
up €37,632 (+28.0%), from €134,203 to €171,835
- Other debts +€30,000
up €30,000 (+100.0%), from €30,000 to €60,000
Income statement
- Gross operating margin +€72,578
up €72,578 (+10.7%), from €679,260 to €751,837
- Staff costs +€37,843
up €37,843 (+6.9%), from €548,959 to €586,802
- Other operating charges -€14,814
down €14,814 (-89.5%), from €16,553 to €1,739
- Taxes +€13,215
up €13,215 (+65.7%), from €20,126 to €33,341
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.
Result 2024
€24,502
Gross operating margin
+€72,578
Staff costs
-€37,843
Depreciation
+€3,613
Write-downs
+€226
Other operating charges
+€14,814
Other operating items
+€2,222
Financial income
-€2,180
Financial charges
+€5,690
Taxes
-€13,215
Result 2025
€70,408
Cash bridge derived
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.
From operations
+€304,845
Investment
-€8,380
Financing
-€263,526
Cash 2024
€102,146
From operations (derived)
+€304,845
Net result for the year
+€70,408
Depreciation
+€20,361
Stocks and contracts
+€161,352
Receivables within one year
-€1,914
Deferred charges and accrued income
-€569
Trade debts
+€37,632
Tax, wage and social debts
-€12,469
Other debts
+€30,000
Accrued charges and deferred income
+€43
Investment (derived)
-€8,380
Investment in fixed assets (net)
-€8,380
Financing
-€263,526
Debts after one year
-€40,000
Short-term financial debts
-€163,526
Contributions, distributions and other
-€60,000
Cash 2025
€135,085
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,595,025 | €1,457,114 | -€137,911 | -8.6% |
| Fixed assets | 21/28 | €28,462 | €16,481 | -€11,981 | -42.1% |
| Intangible fixed assets | 21 | - | €5,684 | +€5,684 | |
| Tangible fixed assets | 22/27 | €28,462 | €10,131 | -€18,331 | -64.4% |
| Plant, machinery and equipment | 23 | €28,462 | €10,131 | -€18,331 | -64.4% |
| Financial fixed assets | 28 | - | €666 | +€666 | |
| Current assets | 29/58 | €1,566,564 | €1,440,633 | -€125,930 | -8.0% |
| Stocks and contracts in progress | 3 | €747,489 | €586,137 | -€161,352 | -21.6% |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €747,489 | €586,137 | -€161,352 | -21.6% |
| Amounts receivable within one year | 40/41 | €667,857 | €669,771 | +€1,914 | +0.3% |
| Trade receivables | 40 | €556,146 | €608,847 | +€52,701 | +9.5% |
| Other amounts receivable | 41 | €111,711 | €60,924 | -€50,787 | -45.5% |
| Current investments | 50/53 | €44,608 | €44,608 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €102,146 | €135,085 | +€32,939 | +32.2% |
| Deferred charges and accrued income | 490/1 | €4,464 | €5,033 | +€569 | +12.7% |
| Total equity and liabilities | 10/49 | €1,595,025 | €1,457,114 | -€137,911 | -8.6% |
| Equity | 10/15 | €954,215 | €964,623 | +€10,408 | +1.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €584,642 | €584,642 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €50,808 | +€44,608 | +719.5% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Own shares acquired | 1312 | - | €44,608 | +€44,608 | |
| Distributable reserves | 133 | €578,442 | €533,834 | -€44,608 | -7.7% |
| Profit (loss) carried forward | 14 | €307,573 | €317,981 | +€10,408 | +3.4% |
| Amounts payable | 17/49 | €640,810 | €492,491 | -€148,320 | -23.1% |
| Amounts payable after more than one year | 17 | €76,667 | €36,667 | -€40,000 | -52.2% |
| Financial debts | 170/4 | €76,667 | €36,667 | -€40,000 | -52.2% |
| Amounts payable within one year | 42/48 | €564,144 | €455,780 | -€108,363 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €40,000 | = | 0.0% |
| Financial debts | 43 | €230,000 | €66,474 | -€163,526 | -71.1% |
| Credit institutions | 430/8 | €230,000 | €66,474 | -€163,526 | -71.1% |
| Trade debts | 44 | €134,203 | €171,835 | +€37,632 | +28.0% |
| Suppliers | 440/4 | €134,203 | €171,835 | +€37,632 | +28.0% |
| Taxes, remuneration and social security | 45 | €129,941 | €117,472 | -€12,469 | -9.6% |
| Taxes | 450/3 | €59,228 | €41,451 | -€17,777 | -30.0% |
| Remuneration and social security | 454/9 | €70,712 | €76,021 | +€5,309 | +7.5% |
| Other amounts payable | 47/48 | €30,000 | €60,000 | +€30,000 | +100.0% |
| Accrued charges and deferred income | 492/3 | - | €43 | +€43 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €548,959 | €586,802 | +€37,843 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,974 | €20,361 | -€3,613 | -15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,819 | €20,593 | -€226 | -1.1% |
| Other operating charges | 640/8 | €16,553 | €1,739 | -€14,814 | -89.5% |
| Non-recurring operating charges | 66A | €2,222 | €0 | -€2,222 | -100.0% |
| Gross operating margin | 9900 | €679,260 | €751,837 | +€72,578 | +10.7% |
| Operating profit (loss) | 9901 | €66,731 | €122,342 | +€55,611 | +83.3% |
| Financial income | 75/76B | €2,468 | €288 | -€2,180 | -88.3% |
| Recurring financial income | 75 | €2,468 | €288 | -€2,180 | -88.3% |
| Financial charges | 65/66B | €24,572 | €18,881 | -€5,690 | -23.2% |
| Recurring financial charges | 65 | €24,572 | €18,881 | -€5,690 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €44,628 | €103,749 | +€59,121 | +132.5% |
| Income taxes | 67/77 | €20,126 | €33,341 | +€13,215 | +65.7% |
| Profit (loss) for the period | 9904 | €24,502 | €70,408 | +€45,907 | +187.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,502 | €70,408 | +€45,907 | +187.4% |
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 10 October 2026 via checked.be.