GEACHE - HOLDIT: 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.
GEACHE - HOLDIT
Largest movements
- Cash +€9.2m
up €9.2m (+121%), from €7.6m to €16.7m
mainly Debts after one year (+€7.4m) and Other debts (+€5.9m)
- Current investments +€1.7m
up €1.7m (+1.8%), from €92.1m to €93.8m
- Trade debts -€7.4m
down €7.4m (-99.9%), from €7.4m to €3,758
- Debts after one year +€7.4m
up €7.4m (+132%), from €5.6m to €13.0m
- Other debts +€5.9m
up €5.9m (+16.5%), from €35.8m to €41.8m
- Reserves +€2.4m
up €2.4m (+2.6%), from €89.6m to €92.0m
of which Distributable reserves: +€2.4m
- Financial income -€1.5m
down €1.5m (-21.4%), from €6.9m to €5.4m
- Depreciation +€1.2m
new in 2025: €1.2m
- Gross operating margin +€1.1m
up €1.1m (+153%), from €744,455 to €1.9m
- Financial charges +€949,672
up €949,672 (+57.7%), from €1.6m to €2.6m
- Taxes +€112,672
up €112,672 (+11.4%), from €985,963 to €1.1m
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 | €154,305,102 | €164,019,213 | +€9.7m | +6.3% |
| Fixed assets | 21/28 | €53,648,969 | €52,477,324 | -€1.2m | -2.2% |
| Tangible fixed assets | 22/27 | €10,108,907 | €8,937,261 | -€1.2m | -11.6% |
| Land and buildings | 22 | €376,407 | €376,407 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €8,560,854 | +€8.6m | |
| Assets under construction and advance payments | 27 | €9,732,500 | €0 | -€9.7m | -100% |
| Financial fixed assets | 28 | €43,540,062 | €43,540,062 | = | 0.0% |
| Current assets | 29/58 | €100,656,132 | €111,541,889 | +€10.9m | +10.8% |
| Amounts receivable within one year | 40/41 | €44,978 | €144,701 | +€99,722 | +222% |
| Other amounts receivable | 41 | €44,978 | €144,701 | +€99,722 | +222% |
| Current investments | 50/53 | €92,145,808 | €93,847,776 | +€1.7m | +1.8% |
| Cash at bank and in hand | 54/58 | €7,572,711 | €16,724,522 | +€9.2m | +121% |
| Deferred charges and accrued income | 490/1 | €892,634 | €824,890 | -€67,744 | -7.6% |
| Total equity and liabilities | 10/49 | €154,305,102 | €164,019,213 | +€9.7m | +6.3% |
| Equity | 10/15 | €104,657,321 | €107,011,343 | +€2.4m | +2.2% |
| Contributions | 10/11 | €15,028,836 | €15,028,836 | = | 0.0% |
| Capital | 10 | €14,500,000 | €14,500,000 | = | 0.0% |
| Issued capital | 100 | €14,500,000 | €14,500,000 | = | 0.0% |
| Contributions outside capital | 11 | €528,836 | €528,836 | = | 0.0% |
| Share premium | 1100/10 | €528,836 | €528,836 | = | 0.0% |
| Reserves | 13 | €89,628,485 | €91,982,507 | +€2.4m | +2.6% |
| Non-distributable reserves | 130/1 | €1,495,192 | €1,495,192 | = | 0.0% |
| Legal reserve | 130 | €1,495,192 | €1,495,192 | = | 0.0% |
| Distributable reserves | 133 | €88,133,293 | €90,487,315 | +€2.4m | +2.7% |
| Amounts payable | 17/49 | €49,647,781 | €57,007,869 | +€7.4m | +14.8% |
| Amounts payable after more than one year | 17 | €5,583,000 | €12,963,953 | +€7.4m | +132% |
| Financial debts | 170/4 | €5,583,000 | €12,963,953 | +€7.4m | +132% |
| Amounts payable within one year | 42/48 | €43,901,170 | €43,872,937 | -€28,233 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | - | €1,428,571 | +€1.4m | |
| Financial debts | 43 | €347,260 | €355,363 | +€8,104 | +2.3% |
| Credit institutions | 430/8 | €347,260 | €355,363 | +€8,104 | +2.3% |
| Trade debts | 44 | €7,448,136 | €3,758 | -€7.4m | -99.9% |
| Suppliers | 440/4 | €7,448,136 | €3,758 | -€7.4m | -99.9% |
| Taxes, remuneration and social security | 45 | €257,850 | €325,982 | +€68,132 | +26.4% |
| Taxes | 450/3 | €257,850 | €325,982 | +€68,132 | +26.4% |
| Other amounts payable | 47/48 | €35,847,924 | €41,759,263 | +€5.9m | +16.5% |
| Accrued charges and deferred income | 492/3 | €163,611 | €170,980 | +€7,369 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,171,646 | +€1.2m | |
| Other operating charges | 640/8 | €95,226 | €98,215 | +€2,988 | +3.1% |
| Gross operating margin | 9900 | €744,455 | €1,885,720 | +€1.1m | +153% |
| Operating profit (loss) | 9901 | €649,229 | €615,860 | -€33,369 | -5.1% |
| Financial income | 75/76B | €6,909,519 | €5,433,641 | -€1.5m | -21.4% |
| Recurring financial income | 75 | €6,909,519 | €5,433,641 | -€1.5m | -21.4% |
| Financial charges | 65/66B | €1,647,172 | €2,596,844 | +€949,672 | +57.7% |
| Recurring financial charges | 65 | €1,647,172 | €2,596,844 | +€949,672 | +57.7% |
| Profit (loss) for the period before taxes | 9903 | €5,911,576 | €3,452,657 | -€2.5m | -41.6% |
| Income taxes | 67/77 | €985,963 | €1,098,634 | +€112,672 | +11.4% |
| Profit (loss) for the period | 9904 | €4,925,613 | €2,354,022 | -€2.6m | -52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,925,613 | €2,354,022 | -€2.6m | -52.2% |
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.