GE TRANS: what changed
Two fiscal 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.
GE TRANS
Largest movements
- Financial fixed assets +€1.2m
up €1.2m (+59545.9%), from €1,967 to €1.2m
- Tangible fixed assets +€1.1m
up €1.1m (+283.5%), from €383,451 to €1.5m
of which Land and buildings: +€1.0m
- Receivables within one year +€249,826
up €249,826 (+77.9%), from €320,813 to €570,639
of which Trade receivables: +€218,999
- Cash -€89,126
down €89,126 (-47.6%), from €187,309 to €98,184
mainly Investment in fixed assets (net) (-€2.5m) and Receivables within one year (-€249,826)
- Debts after one year +€1.9m
up €1.9m (+1804.2%), from €105,776 to €2.0m
- Trade debts +€283,710
up €283,710 (+719.7%), from €39,419 to €323,129
- Current portion of long-term debt +€111,659
up €111,659 (+168.2%), from €66,375 to €178,034
- Other debts +€98,825
up €98,825 (+4050.4%), from €2,440 to €101,265
- Tax, wage and social debts -€55,480
down €55,480 (-24.3%), from €228,712 to €173,232
of which Taxes: -€57,729
- Depreciation +€138,974
up €138,974 (+132.7%), from €104,690 to €243,663
- Staff costs +€90,033
up €90,033 (+17.3%), from €519,853 to €609,886
- Taxes -€68,981
down €68,981 (-87.2%), from €79,127 to €10,147
- Financial charges +€30,565
up €30,565 (+262.1%), from €11,664 to €42,229
- Gross operating margin +€25,564
up €25,564 (+2.8%), from €915,131 to €940,695
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €946,223 | €3,332,261 | +€2.4m | +252.2% |
| Fixed assets | 21/28 | €385,418 | €2,643,396 | +€2.3m | +585.9% |
| Tangible fixed assets | 22/27 | €383,451 | €1,470,430 | +€1.1m | +283.5% |
| Land and buildings | 22 | - | €1,040,000 | +€1.0m | |
| Plant, machinery and equipment | 23 | €20,206 | €17,539 | -€2,667 | -13.2% |
| Furniture and vehicles | 24 | €270,727 | €326,118 | +€55,391 | +20.5% |
| Leasing and similar rights | 25 | €92,518 | €86,773 | -€5,745 | -6.2% |
| Financial fixed assets | 28 | €1,967 | €1,172,967 | +€1.2m | +59545.9% |
| Current assets | 29/58 | €560,805 | €688,865 | +€128,060 | +22.8% |
| Amounts receivable within one year | 40/41 | €320,813 | €570,639 | +€249,826 | +77.9% |
| Trade receivables | 40 | €317,548 | €536,547 | +€218,999 | +69.0% |
| Other amounts receivable | 41 | €3,265 | €34,091 | +€30,826 | +944.2% |
| Cash at bank and in hand | 54/58 | €187,309 | €98,184 | -€89,126 | -47.6% |
| Deferred charges and accrued income | 490/1 | €52,683 | €20,042 | -€32,640 | -62.0% |
| Total equity and liabilities | 10/49 | €946,223 | €3,332,261 | +€2.4m | +252.2% |
| Equity | 10/15 | €503,500 | €525,701 | +€22,201 | +4.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €483,500 | €505,701 | +€22,201 | +4.6% |
| Distributable reserves | 133 | €483,500 | €505,701 | +€22,201 | +4.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €442,723 | €2,806,560 | +€2.4m | +533.9% |
| Amounts payable after more than one year | 17 | €105,776 | €2,014,234 | +€1.9m | +1804.2% |
| Financial debts | 170/4 | €105,776 | €2,014,234 | +€1.9m | +1804.2% |
| Amounts payable within one year | 42/48 | €336,946 | €775,659 | +€438,713 | +130.2% |
| Current portion of amounts payable after more than one year | 42 | €66,375 | €178,034 | +€111,659 | +168.2% |
| Trade debts | 44 | €39,419 | €323,129 | +€283,710 | +719.7% |
| Suppliers | 440/4 | €39,419 | €323,129 | +€283,710 | +719.7% |
| Taxes, remuneration and social security | 45 | €228,712 | €173,232 | -€55,480 | -24.3% |
| Taxes | 450/3 | €157,938 | €100,209 | -€57,729 | -36.6% |
| Remuneration and social security | 454/9 | €70,774 | €73,023 | +€2,248 | +3.2% |
| Other amounts payable | 47/48 | €2,440 | €101,265 | +€98,825 | +4050.4% |
| Accrued charges and deferred income | 492/3 | €0 | €16,667 | +€16,667 | |
| Non-recurring operating income | 76A | €28,489 | €3,000 | -€25,489 | -89.5% |
| Remuneration, social security and pensions | 62 | €519,853 | €609,886 | +€90,033 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,690 | €243,663 | +€138,974 | +132.7% |
| Other operating charges | 640/8 | €5,011 | €12,654 | +€7,643 | +152.5% |
| Non-recurring operating charges | 66A | €14,668 | €0 | -€14,668 | -100.0% |
| Gross operating margin | 9900 | €915,131 | €940,695 | +€25,564 | +2.8% |
| Operating profit (loss) | 9901 | €270,910 | €74,491 | -€196,418 | -72.5% |
| Financial income | 75/76B | €738 | €85 | -€653 | -88.5% |
| Recurring financial income | 75 | €738 | €85 | -€653 | -88.5% |
| Financial charges | 65/66B | €11,664 | €42,229 | +€30,565 | +262.1% |
| Recurring financial charges | 65 | €11,664 | €42,229 | +€30,565 | +262.1% |
| Profit (loss) for the period before taxes | 9903 | €259,984 | €32,348 | -€227,636 | -87.6% |
| Income taxes | 67/77 | €79,127 | €10,147 | -€68,981 | -87.2% |
| Profit (loss) for the period | 9904 | €180,857 | €22,201 | -€158,656 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €180,857 | €22,201 | -€158,656 | -87.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.