GEA'S: 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.
GEA'S
Largest movements
- Cash +€24,518
up €24,518 (+143%), from €17,205 to €41,722
mainly Net result for the year (+€32,019) and Depreciation (+€12,788)
- Tangible fixed assets -€10,055
down €10,055 (-17.2%), from €58,411 to €48,356
of which Furniture and vehicles: -€8,881
- Deferred charges and accrued income -€9,920
down €9,920 (-85.5%), from €11,600 to €1,680
- Receivables within one year +€6,988
up €6,988 (+82.8%), from €8,438 to €15,426
of which Trade receivables: +€10,986
- Reserves +€24,312
up €24,312 (+90.9%), from €26,744 to €51,056
- Debts after one year -€10,123
down €10,123 (-26.0%), from €38,920 to €28,797
- Trade debts -€4,583
down €4,583 (-84.8%), from €5,406 to €823
- Current portion of long-term debt +€1,661
up €1,661 (+19.6%), from €8,461 to €10,123
- Gross operating margin +€26,363
up €26,363 (+66.2%), from €39,799 to €66,162
- Depreciation +€6,602
up €6,602 (+107%), from €6,186 to €12,788
- Taxes +€6,124
up €6,124 (+56.6%), from €10,818 to €16,942
- Financial charges +€3,177
up €3,177 (+674%), from €471 to €3,649
- Other operating charges -€926
down €926 (-43.4%), from €2,133 to €1,207
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 | €98,854 | €110,276 | +€11,422 | +11.6% |
| Fixed assets | 21/28 | €59,111 | €48,947 | -€10,163 | -17.2% |
| Intangible fixed assets | 21 | €699 | €592 | -€108 | -15.4% |
| Tangible fixed assets | 22/27 | €58,411 | €48,356 | -€10,055 | -17.2% |
| Plant, machinery and equipment | 23 | €8,300 | €7,126 | -€1,174 | -14.1% |
| Furniture and vehicles | 24 | €50,111 | €41,230 | -€8,881 | -17.7% |
| Current assets | 29/58 | €39,743 | €61,328 | +€21,585 | +54.3% |
| Amounts receivable after more than one year | 29 | €2,500 | €2,500 | = | 0.0% |
| Other amounts receivable | 291 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,438 | €15,426 | +€6,988 | +82.8% |
| Trade receivables | 40 | €404 | €11,390 | +€10,986 | +2,720% |
| Other amounts receivable | 41 | €8,035 | €4,036 | -€3,999 | -49.8% |
| Cash at bank and in hand | 54/58 | €17,205 | €41,722 | +€24,518 | +143% |
| Deferred charges and accrued income | 490/1 | €11,600 | €1,680 | -€9,920 | -85.5% |
| Total equity and liabilities | 10/49 | €98,854 | €110,276 | +€11,422 | +11.6% |
| Equity | 10/15 | €33,253 | €57,565 | +€24,312 | +73.1% |
| Contributions | 10/11 | €6,509 | €6,509 | = | 0.0% |
| Reserves | 13 | €26,744 | €51,056 | +€24,312 | +90.9% |
| Distributable reserves | 133 | €26,744 | €51,056 | +€24,312 | +90.9% |
| Amounts payable | 17/49 | €65,601 | €52,711 | -€12,890 | -19.6% |
| Amounts payable after more than one year | 17 | €38,920 | €28,797 | -€10,123 | -26.0% |
| Financial debts | 170/4 | €38,920 | €28,797 | -€10,123 | -26.0% |
| Amounts payable within one year | 42/48 | €26,681 | €23,914 | -€2,767 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €8,461 | €10,123 | +€1,661 | +19.6% |
| Trade debts | 44 | €5,406 | €823 | -€4,583 | -84.8% |
| Suppliers | 440/4 | €5,406 | €823 | -€4,583 | -84.8% |
| Taxes, remuneration and social security | 45 | €5,421 | €5,261 | -€161 | -3.0% |
| Taxes | 450/3 | €5,421 | €5,261 | -€161 | -3.0% |
| Other amounts payable | 47/48 | €7,392 | €7,708 | +€316 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,186 | €12,788 | +€6,602 | +107% |
| Other operating charges | 640/8 | €2,133 | €1,207 | -€926 | -43.4% |
| Gross operating margin | 9900 | €39,799 | €66,162 | +€26,363 | +66.2% |
| Operating profit (loss) | 9901 | €31,480 | €52,167 | +€20,686 | +65.7% |
| Financial income | 75/76B | €794 | €443 | -€350 | -44.1% |
| Recurring financial income | 75 | €794 | €443 | -€350 | -44.1% |
| Financial charges | 65/66B | €471 | €3,649 | +€3,177 | +674% |
| Recurring financial charges | 65 | €471 | €3,649 | +€3,177 | +674% |
| Profit (loss) for the period before taxes | 9903 | €31,803 | €48,961 | +€17,159 | +54.0% |
| Income taxes | 67/77 | €10,818 | €16,942 | +€6,124 | +56.6% |
| Profit (loss) for the period | 9904 | €20,984 | €32,019 | +€11,035 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,984 | €32,019 | +€11,035 | +52.6% |
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 17 October 2026 via checked.be.