GEDA: 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.
GEDA
Largest movements
- Cash +€27,673
up €27,673 (+45.7%), from €60,573 to €88,246
mainly Net result for the year (+€68,579) and Other debts (+€38,164)
- Receivables within one year +€17,380
up €17,380 (+27.7%), from €62,714 to €80,094
of which Trade receivables: +€21,941
- Tangible fixed assets -€8,440
down €8,440 (-5.3%), from €158,628 to €150,188
of which Furniture and vehicles: -€10,013
- Intangible fixed assets -€6,500
down €6,500 (-60.0%), from €10,833 to €4,333
- Other debts +€38,164
new in 2025: €38,164
- Profit (loss) carried forward +€30,619
up €30,619 (+20.2%), from €151,854 to €182,473
- Trade debts -€23,743
down €23,743 (-30.9%), from €76,873 to €53,130
- Debts after one year -€12,944
down €12,944 (-20.3%), from €63,877 to €50,933
- Gross operating margin +€47,812
up €47,812 (+75.1%), from €63,686 to €111,498
- Taxes +€2,386
up €2,386 (+31.2%), from €7,637 to €10,023
- Depreciation +€1,839
up €1,839 (+6.5%), from €28,133 to €29,971
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 | €306,385 | €338,752 | +€32,367 | +10.6% |
| Fixed assets | 21/28 | €169,461 | €154,521 | -€14,940 | -8.8% |
| Intangible fixed assets | 21 | €10,833 | €4,333 | -€6,500 | -60.0% |
| Tangible fixed assets | 22/27 | €158,628 | €150,188 | -€8,440 | -5.3% |
| Land and buildings | 22 | €94,056 | €88,351 | -€5,705 | -6.1% |
| Plant, machinery and equipment | 23 | €33,369 | €40,647 | +€7,278 | +21.8% |
| Furniture and vehicles | 24 | €31,203 | €21,190 | -€10,013 | -32.1% |
| Current assets | 29/58 | €136,924 | €184,231 | +€47,307 | +34.5% |
| Stocks and contracts in progress | 3 | €11,535 | €13,370 | +€1,835 | +15.9% |
| Stocks | 30/36 | €11,535 | €13,370 | +€1,835 | +15.9% |
| Amounts receivable within one year | 40/41 | €62,714 | €80,094 | +€17,380 | +27.7% |
| Trade receivables | 40 | €42,730 | €64,671 | +€21,941 | +51.3% |
| Other amounts receivable | 41 | €19,984 | €15,423 | -€4,561 | -22.8% |
| Cash at bank and in hand | 54/58 | €60,573 | €88,246 | +€27,673 | +45.7% |
| Deferred charges and accrued income | 490/1 | €2,101 | €2,521 | +€420 | +20.0% |
| Total equity and liabilities | 10/49 | €306,385 | €338,752 | +€32,367 | +10.6% |
| Equity | 10/15 | €152,954 | €183,573 | +€30,619 | +20.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,854 | €182,473 | +€30,619 | +20.2% |
| Amounts payable | 17/49 | €153,431 | €155,179 | +€1,748 | +1.1% |
| Amounts payable after more than one year | 17 | €63,877 | €50,933 | -€12,944 | -20.3% |
| Financial debts | 170/4 | €63,877 | €50,933 | -€12,944 | -20.3% |
| Amounts payable within one year | 42/48 | €89,554 | €104,246 | +€14,692 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €12,640 | €12,944 | +€304 | +2.4% |
| Trade debts | 44 | €76,873 | €53,130 | -€23,743 | -30.9% |
| Suppliers | 440/4 | €76,873 | €53,130 | -€23,743 | -30.9% |
| Taxes, remuneration and social security | 45 | €41 | €8 | -€33 | -80.5% |
| Taxes | 450/3 | €41 | €8 | -€33 | -80.5% |
| Other amounts payable | 47/48 | - | €38,164 | +€38,164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,133 | €29,971 | +€1,839 | +6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €832 | - | -€832 | |
| Other operating charges | 640/8 | €1,825 | €2,557 | +€732 | +40.1% |
| Gross operating margin | 9900 | €63,686 | €111,498 | +€47,812 | +75.1% |
| Operating profit (loss) | 9901 | €32,897 | €78,970 | +€46,073 | +140% |
| Financial income | 75/76B | €734 | €1,696 | +€962 | +131% |
| Recurring financial income | 75 | €734 | €1,696 | +€962 | +131% |
| Financial charges | 65/66B | €2,493 | €2,064 | -€429 | -17.2% |
| Recurring financial charges | 65 | €2,493 | €2,064 | -€429 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €31,138 | €78,602 | +€47,464 | +152% |
| Income taxes | 67/77 | €7,637 | €10,023 | +€2,386 | +31.2% |
| Profit (loss) for the period | 9904 | €23,502 | €68,579 | +€45,077 | +192% |
| Profit (loss) for the period to be appropriated | 9905 | €23,502 | €68,579 | +€45,077 | +192% |
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 17 October 2026 via checked.be.