GECHRITI: 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.
GECHRITI
Largest movements
- Deferred charges and accrued income +€75,641
up €75,641 (+74.1%), from €102,141 to €177,782
- Cash -€74,904
down €74,904 (-59.4%), from €126,102 to €51,198
mainly Deferred charges and accrued income (-€75,641) and Receivables within one year (-€24,233)
- Receivables within one year +€24,233
up €24,233 (+9.2%), from €264,548 to €288,781
of which Trade receivables: +€18,813
- Trade debts +€25,965
up €25,965 (+7.3%), from €357,478 to €383,442
- Debts after one year -€15,130
down €15,130 (-33.5%), from €45,145 to €30,015
- Profit (loss) carried forward +€12,966
up €12,966 (+69.5%), from €18,669 to €31,635
- Gross operating margin -€55,966
down €55,966 (-35.4%), from €158,209 to €102,244
- Other operating charges -€10,149
down €10,149 (-66.8%), from €15,195 to €5,047
- Staff costs +€3,551
up €3,551 (+6.3%), from €56,048 to €59,599
- Taxes -€3,372
down €3,372 (-51.1%), from €6,596 to €3,224
- Depreciation +€1,699
up €1,699 (+13.6%), from €12,513 to €14,212
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 | €546,480 | €564,741 | +€18,261 | +3.3% |
| Fixed assets | 21/28 | €53,690 | €46,980 | -€6,709 | -12.5% |
| Intangible fixed assets | 21 | €6,987 | €4,367 | -€2,620 | -37.5% |
| Tangible fixed assets | 22/27 | €45,022 | €40,932 | -€4,089 | -9.1% |
| Land and buildings | 22 | €32,000 | €24,000 | -€8,000 | -25.0% |
| Plant, machinery and equipment | 23 | €7,680 | €13,200 | +€5,520 | +71.9% |
| Furniture and vehicles | 24 | €4,599 | €3,268 | -€1,330 | -28.9% |
| Other tangible fixed assets | 26 | €743 | €464 | -€279 | -37.5% |
| Financial fixed assets | 28 | €1,681 | €1,681 | = | 0.0% |
| Current assets | 29/58 | €492,791 | €517,761 | +€24,970 | +5.1% |
| Amounts receivable within one year | 40/41 | €264,548 | €288,781 | +€24,233 | +9.2% |
| Trade receivables | 40 | €255,713 | €274,526 | +€18,813 | +7.4% |
| Other amounts receivable | 41 | €8,835 | €14,255 | +€5,420 | +61.4% |
| Cash at bank and in hand | 54/58 | €126,102 | €51,198 | -€74,904 | -59.4% |
| Deferred charges and accrued income | 490/1 | €102,141 | €177,782 | +€75,641 | +74.1% |
| Total equity and liabilities | 10/49 | €546,480 | €564,741 | +€18,261 | +3.3% |
| Equity | 10/15 | €120,924 | €133,890 | +€12,966 | +10.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €92,255 | €92,255 | = | 0.0% |
| Distributable reserves | 133 | €92,255 | €92,255 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,669 | €31,635 | +€12,966 | +69.5% |
| Amounts payable | 17/49 | €425,556 | €430,851 | +€5,294 | +1.2% |
| Amounts payable after more than one year | 17 | €45,145 | €30,015 | -€15,130 | -33.5% |
| Financial debts | 170/4 | €45,145 | €30,015 | -€15,130 | -33.5% |
| Amounts payable within one year | 42/48 | €380,411 | €400,836 | +€20,425 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €16,775 | €15,130 | -€1,644 | -9.8% |
| Trade debts | 44 | €357,478 | €383,442 | +€25,965 | +7.3% |
| Suppliers | 440/4 | €357,478 | €383,442 | +€25,965 | +7.3% |
| Taxes, remuneration and social security | 45 | €5,227 | €1,564 | -€3,663 | -70.1% |
| Taxes | 450/3 | €3,717 | - | -€3,717 | |
| Remuneration and social security | 454/9 | €1,510 | €1,564 | +€54 | +3.6% |
| Other amounts payable | 47/48 | €932 | €700 | -€233 | -25.0% |
| Remuneration, social security and pensions | 62 | €56,048 | €59,599 | +€3,551 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,513 | €14,212 | +€1,699 | +13.6% |
| Other operating charges | 640/8 | €15,195 | €5,047 | -€10,149 | -66.8% |
| Gross operating margin | 9900 | €158,209 | €102,244 | -€55,966 | -35.4% |
| Operating profit (loss) | 9901 | €74,453 | €23,387 | -€51,066 | -68.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €8,701 | €7,197 | -€1,504 | -17.3% |
| Recurring financial charges | 65 | €8,701 | €7,197 | -€1,504 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €65,752 | €16,191 | -€49,561 | -75.4% |
| Income taxes | 67/77 | €6,596 | €3,224 | -€3,372 | -51.1% |
| Profit (loss) for the period | 9904 | €59,156 | €12,966 | -€46,190 | -78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,156 | €12,966 | -€46,190 | -78.1% |
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 5 October 2026 via checked.be.