Geba: 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.
Geba
Largest movements
- Cash +€162,821
up €162,821 (+115.3%), from €141,158 to €303,979
mainly Net result for the year (+€74,511) and Depreciation (+€35,774)
- Tangible fixed assets -€35,774
down €35,774 (-2.9%), from €1.2m to €1.2m
of which Other tangible fixed assets: -€35,526
- Reserves +€74,511
up €74,511 (+3.3%), from €2.2m to €2.3m
of which Distributable reserves: +€81,650
- Depreciation -€83,541
down €83,541 (-70.0%), from €119,315 to €35,774
- Financial charges +€21,791
up €21,791 (+115.2%), from €18,922 to €40,714
- Taxes +€19,252
up €19,252 (+123.7%), from €15,564 to €34,816
- Gross operating margin +€13,114
up €13,114 (+17.3%), from €75,839 to €88,953
- Financial income +€2,870
up €2,870 (+2.9%), from €98,127 to €100,997
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 | €2,958,635 | €3,067,198 | +€108,564 | +3.7% |
| Fixed assets | 21/28 | €1,238,911 | €1,193,888 | -€45,022 | -3.6% |
| Tangible fixed assets | 22/27 | €1,229,663 | €1,193,888 | -€35,774 | -2.9% |
| Land and buildings | 22 | €497,250 | €497,250 | = | 0.0% |
| Furniture and vehicles | 24 | €248 | - | -€248 | |
| Other tangible fixed assets | 26 | €732,165 | €696,638 | -€35,526 | -4.9% |
| Financial fixed assets | 28 | €9,248 | - | -€9,248 | |
| Current assets | 29/58 | €1,719,724 | €1,873,310 | +€153,586 | +8.9% |
| Amounts receivable within one year | 40/41 | €7,500 | - | -€7,500 | |
| Other amounts receivable | 41 | €7,500 | - | -€7,500 | |
| Current investments | 50/53 | €1,550,000 | €1,550,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €141,158 | €303,979 | +€162,821 | +115.3% |
| Deferred charges and accrued income | 490/1 | €21,066 | €19,331 | -€1,735 | -8.2% |
| Total equity and liabilities | 10/49 | €2,958,635 | €3,067,198 | +€108,564 | +3.7% |
| Equity | 10/15 | €2,321,593 | €2,396,103 | +€74,511 | +3.2% |
| Contributions | 10/11 | €97,351 | €97,351 | = | 0.0% |
| Capital | 10 | €96,678 | €96,678 | = | 0.0% |
| Issued capital | 100 | €96,678 | €96,678 | = | 0.0% |
| Contributions outside capital | 11 | €673 | €673 | = | 0.0% |
| Share premium | 1100/10 | €673 | €673 | = | 0.0% |
| Reserves | 13 | €2,224,242 | €2,298,752 | +€74,511 | +3.3% |
| Non-distributable reserves | 130/1 | €9,668 | €9,668 | = | 0.0% |
| Legal reserve | 130 | €9,668 | €9,668 | = | 0.0% |
| Tax-exempt reserves | 132 | €170,758 | €163,619 | -€7,140 | -4.2% |
| Distributable reserves | 133 | €2,043,815 | €2,125,466 | +€81,650 | +4.0% |
| Provisions and deferred taxes | 16 | €56,919 | €54,540 | -€2,380 | -4.2% |
| Deferred taxes | 168 | €56,919 | €54,540 | -€2,380 | -4.2% |
| Amounts payable | 17/49 | €580,122 | €616,555 | +€36,433 | +6.3% |
| Amounts payable within one year | 42/48 | €558,630 | €570,145 | +€11,516 | +2.1% |
| Trade debts | 44 | €3,957 | €289 | -€3,668 | -92.7% |
| Suppliers | 440/4 | €3,957 | €289 | -€3,668 | -92.7% |
| Taxes, remuneration and social security | 45 | €9,757 | €18,421 | +€8,664 | +88.8% |
| Taxes | 450/3 | €9,757 | €18,421 | +€8,664 | +88.8% |
| Other amounts payable | 47/48 | €544,915 | €551,436 | +€6,520 | +1.2% |
| Accrued charges and deferred income | 492/3 | €21,493 | €46,410 | +€24,917 | +115.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,315 | €35,774 | -€83,541 | -70.0% |
| Other operating charges | 640/8 | €8,927 | €6,515 | -€2,411 | -27.0% |
| Gross operating margin | 9900 | €75,839 | €88,953 | +€13,114 | +17.3% |
| Operating profit (loss) | 9901 | -€52,402 | €46,663 | +€99,066 | |
| Financial income | 75/76B | €98,127 | €100,997 | +€2,870 | +2.9% |
| Recurring financial income | 75 | €98,127 | €100,997 | +€2,870 | +2.9% |
| Financial charges | 65/66B | €18,922 | €40,714 | +€21,791 | +115.2% |
| Recurring financial charges | 65 | €18,922 | €40,714 | +€21,791 | +115.2% |
| Profit (loss) for the period before taxes | 9903 | €26,802 | €106,947 | +€80,145 | +299.0% |
| Transfer from deferred taxes | 780 | €2,380 | €2,380 | = | 0.0% |
| Income taxes | 67/77 | €15,564 | €34,816 | +€19,252 | +123.7% |
| Profit (loss) for the period | 9904 | €13,618 | €74,511 | +€60,893 | +447.2% |
| Transfer from tax-exempt reserves | 789 | €7,140 | €7,140 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,758 | €81,650 | +€60,893 | +293.4% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.