G.E.P. BELGIUM: 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.P. BELGIUM
Largest movements
- Receivables within one year -€14,350
down €14,350 (-58.8%), from €24,405 to €10,055
of which Trade receivables: -€14,971
- Tangible fixed assets -€6,765
down €6,765 (-2.4%), from €285,234 to €278,469
- Debts after one year -€23,941
down €23,941 (-38.3%), from €62,513 to €38,572
- Provisions -€13,563
down €13,563 (-100%), from €13,563 to €0
- Trade debts +€13,409
up €13,409 (+606%), from €2,213 to €15,622
- Other debts +€7,243
up €7,243 (+6.4%), from €112,401 to €119,644
- Reserves -€5,374
down €5,374 (-44.9%), from €11,977 to €6,603
- Other operating charges +€19,669
up €19,669 (+742%), from €2,652 to €22,321
- Provisions -€17,126
down €17,126, from €3,563 to -€13,563
- Gross operating margin -€8,343
down €8,343 (-37.0%), from €22,547 to €14,204
- Purchases and services +€7,908
up €7,908 (+89.5%), from €8,840 to €16,748
- Financial charges -€6,658
down €6,658 (-59.4%), from €11,201 to €4,543
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 | €310,301 | €288,892 | -€21,409 | -6.9% |
| Fixed assets | 21/28 | €285,234 | €278,469 | -€6,765 | -2.4% |
| Tangible fixed assets | 22/27 | €285,234 | €278,469 | -€6,765 | -2.4% |
| Land and buildings | 22 | €285,234 | €278,469 | -€6,765 | -2.4% |
| Current assets | 29/58 | €25,067 | €10,423 | -€14,644 | -58.4% |
| Amounts receivable within one year | 40/41 | €24,405 | €10,055 | -€14,350 | -58.8% |
| Trade receivables | 40 | €23,605 | €8,634 | -€14,971 | -63.4% |
| Other amounts receivable | 41 | €800 | €1,421 | +€621 | +77.6% |
| Cash at bank and in hand | 54/58 | €35 | €0 | -€35 | -100% |
| Deferred charges and accrued income | 490/1 | €627 | €368 | -€259 | -41.3% |
| Total equity and liabilities | 10/49 | €310,301 | €288,892 | -€21,409 | -6.9% |
| Equity | 10/15 | €96,977 | €87,465 | -€9,512 | -9.8% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €11,977 | €6,603 | -€5,374 | -44.9% |
| Distributable reserves | 133 | €11,977 | €6,603 | -€5,374 | -44.9% |
| Profit (loss) carried forward | 14 | - | -€4,138 | -€4,138 | |
| Provisions and deferred taxes | 16 | €13,563 | €0 | -€13,563 | -100% |
| Provisions for liabilities and charges | 160/5 | €13,563 | €0 | -€13,563 | -100% |
| Other liabilities and charges | 164/5 | €13,563 | €0 | -€13,563 | -100% |
| Amounts payable | 17/49 | €199,761 | €201,427 | +€1,666 | +0.8% |
| Amounts payable after more than one year | 17 | €62,513 | €38,572 | -€23,941 | -38.3% |
| Financial debts | 170/4 | €62,513 | €38,572 | -€23,941 | -38.3% |
| Amounts payable within one year | 42/48 | €137,248 | €162,855 | +€25,607 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €22,612 | €23,940 | +€1,328 | +5.9% |
| Trade debts | 44 | €2,213 | €15,622 | +€13,409 | +606% |
| Suppliers | 440/4 | €2,213 | €15,622 | +€13,409 | +606% |
| Taxes, remuneration and social security | 45 | €22 | €3,649 | +€3,627 | +16,486% |
| Taxes | 450/3 | €22 | €3,649 | +€3,627 | +16,486% |
| Other amounts payable | 47/48 | €112,401 | €119,644 | +€7,243 | +6.4% |
| Turnover | 70 | €31,388 | €30,952 | -€436 | -1.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €8,840 | €16,748 | +€7,908 | +89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,765 | €6,765 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3,563 | -€13,563 | -€17,126 | |
| Other operating charges | 640/8 | €2,652 | €22,321 | +€19,669 | +742% |
| Gross operating margin | 9900 | €22,547 | €14,204 | -€8,343 | -37.0% |
| Operating profit (loss) | 9901 | €9,567 | -€1,319 | -€10,886 | |
| Financial charges | 65/66B | €11,201 | €4,543 | -€6,658 | -59.4% |
| Recurring financial charges | 65 | €11,201 | €4,543 | -€6,658 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,634 | -€5,862 | -€4,228 | -259% |
| Income taxes | 67/77 | €0 | €3,649 | +€3,649 | |
| Profit (loss) for the period | 9904 | -€1,634 | -€9,511 | -€7,877 | -482% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,634 | -€9,511 | -€7,877 | -482% |
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 15 October 2026 via checked.be.