GEALEX: 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.
GEALEX
Largest movements
- Cash +€50,757
up €50,757 (+198%), from €25,608 to €76,364
mainly Current investments (+€50,000) and Net result for the year (+€13,673)
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Receivables within one year +€5,550
up €5,550 (+16.2%), from €34,338 to €39,887
of which Trade receivables: +€7,945
- Tangible fixed assets +€2,493
up €2,493 (+100%), from €2,485 to €4,978
of which Furniture and vehicles: +€2,745
- Profit (loss) carried forward +€13,673
up €13,673 (+47.6%), from €28,723 to €42,396
- Tax, wage and social debts -€5,153
down €5,153 (-39.1%), from €13,175 to €8,022
- Gross operating margin -€14,198
down €14,198 (-46.2%), from €30,740 to €16,542
- Taxes -€3,374
down €3,374 (-45.4%), from €7,427 to €4,053
- Financial income -€1,288
down €1,288 (-33.8%), from €3,809 to €2,521
- Depreciation +€425
up €425 (+106%), from €399 to €824
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 | €191,857 | €198,960 | +€7,102 | +3.7% |
| Fixed assets | 21/28 | €2,485 | €4,978 | +€2,493 | +100% |
| Tangible fixed assets | 22/27 | €2,485 | €4,978 | +€2,493 | +100% |
| Plant, machinery and equipment | 23 | €526 | €274 | -€252 | -47.9% |
| Furniture and vehicles | 24 | €1,959 | €4,704 | +€2,745 | +140% |
| Current assets | 29/58 | €189,372 | €193,981 | +€4,609 | +2.4% |
| Amounts receivable after more than one year | 29 | €77,729 | €77,729 | = | 0.0% |
| Other amounts receivable | 291 | €77,729 | €77,729 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,338 | €39,887 | +€5,550 | +16.2% |
| Trade receivables | 40 | €31,942 | €39,887 | +€7,945 | +24.9% |
| Other amounts receivable | 41 | €2,395 | - | -€2,395 | |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €25,608 | €76,364 | +€50,757 | +198% |
| Deferred charges and accrued income | 490/1 | €1,697 | - | -€1,697 | |
| Total equity and liabilities | 10/49 | €191,857 | €198,960 | +€7,102 | +3.7% |
| Equity | 10/15 | €175,723 | €189,396 | +€13,673 | +7.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €146,500 | €146,500 | = | 0.0% |
| Distributable reserves | 133 | €146,500 | €146,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,723 | €42,396 | +€13,673 | +47.6% |
| Amounts payable | 17/49 | €16,134 | €9,563 | -€6,571 | -40.7% |
| Amounts payable within one year | 42/48 | €16,134 | €9,563 | -€6,571 | -40.7% |
| Financial debts | 43 | €1,658 | - | -€1,658 | |
| Credit institutions | 430/8 | €1,658 | - | -€1,658 | |
| Trade debts | 44 | €1,302 | - | -€1,302 | |
| Suppliers | 440/4 | €1,302 | - | -€1,302 | |
| Taxes, remuneration and social security | 45 | €13,175 | €8,022 | -€5,153 | -39.1% |
| Taxes | 450/3 | €13,175 | €8,022 | -€5,153 | -39.1% |
| Other amounts payable | 47/48 | - | €1,542 | +€1,542 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €399 | €824 | +€425 | +106% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Non-recurring operating charges | 66A | €71 | - | -€71 | |
| Gross operating margin | 9900 | €30,740 | €16,542 | -€14,198 | -46.2% |
| Operating profit (loss) | 9901 | €29,886 | €15,330 | -€14,555 | -48.7% |
| Financial income | 75/76B | €3,809 | €2,521 | -€1,288 | -33.8% |
| Recurring financial income | 75 | €3,809 | €2,521 | -€1,288 | -33.8% |
| Financial charges | 65/66B | €160 | €126 | -€35 | -21.6% |
| Recurring financial charges | 65 | €160 | €126 | -€35 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €33,534 | €17,726 | -€15,808 | -47.1% |
| Income taxes | 67/77 | €7,427 | €4,053 | -€3,374 | -45.4% |
| Profit (loss) for the period | 9904 | €26,107 | €13,673 | -€12,434 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,107 | €13,673 | -€12,434 | -47.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.