GEDEBO: 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.
GEDEBO
Largest movements
- Receivables within one year +€53,924
up €53,924 (+42.3%), from €127,441 to €181,365
of which Trade receivables: +€37,994
- Stocks and contracts -€35,000
down €35,000 (-50.3%), from €69,650 to €34,650
- Tangible fixed assets -€28,622
down €28,622 (-13.6%), from €210,329 to €181,707
of which Leasing and similar rights: -€15,235
- Debts after one year -€18,704
down €18,704 (-32.5%), from €57,547 to €38,842
- Reserves +€18,563
up €18,563 (+10.7%), from €174,058 to €192,621
of which Distributable reserves: +€18,563
- Current portion of long-term debt -€5,630
down €5,630 (-23.1%), from €24,334 to €18,704
- Tax, wage and social debts -€4,752
down €4,752 (-68.7%), from €6,919 to €2,167
- Gross operating margin +€32,659
up €32,659 (+103%), from €31,640 to €64,299
- Depreciation -€10,893
down €10,893 (-24.3%), from €44,859 to €33,966
- Taxes +€5,010
new in 2024: €5,010
- Financial charges -€833
down €833 (-26.7%), from €3,119 to €2,286
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €407,420 | €399,289 | -€8,131 | -2.0% |
| Fixed assets | 21/28 | €210,329 | €181,707 | -€28,622 | -13.6% |
| Tangible fixed assets | 22/27 | €210,329 | €181,707 | -€28,622 | -13.6% |
| Land and buildings | 22 | €134,950 | €130,428 | -€4,522 | -3.4% |
| Plant, machinery and equipment | 23 | €9,458 | €10,356 | +€899 | +9.5% |
| Furniture and vehicles | 24 | €23,011 | €13,247 | -€9,764 | -42.4% |
| Leasing and similar rights | 25 | €42,910 | €27,675 | -€15,235 | -35.5% |
| Current assets | 29/58 | €197,091 | €217,582 | +€20,491 | +10.4% |
| Stocks and contracts in progress | 3 | €69,650 | €34,650 | -€35,000 | -50.3% |
| Stocks | 30/36 | €69,650 | €34,650 | -€35,000 | -50.3% |
| Amounts receivable within one year | 40/41 | €127,441 | €181,365 | +€53,924 | +42.3% |
| Trade receivables | 40 | €92,798 | €130,793 | +€37,994 | +40.9% |
| Other amounts receivable | 41 | €34,643 | €50,573 | +€15,930 | +46.0% |
| Cash at bank and in hand | 54/58 | - | €1,567 | +€1,567 | |
| Total equity and liabilities | 10/49 | €407,420 | €399,289 | -€8,131 | -2.0% |
| Equity | 10/15 | €304,391 | €322,954 | +€18,563 | +6.1% |
| Contributions | 10/11 | €43,381 | €43,381 | = | 0.0% |
| Contributions outside capital | 11 | €43,381 | €43,381 | = | 0.0% |
| Other | 1109/19 | €43,381 | €43,381 | = | 0.0% |
| Reserves | 13 | €174,058 | €192,621 | +€18,563 | +10.7% |
| Non-distributable reserves | 130/1 | €4,338 | €4,338 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,338 | €4,338 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €158,720 | €177,283 | +€18,563 | +11.7% |
| Profit (loss) carried forward | 14 | €86,951 | €86,951 | = | 0.0% |
| Amounts payable | 17/49 | €103,029 | €76,335 | -€26,694 | -25.9% |
| Amounts payable after more than one year | 17 | €57,547 | €38,842 | -€18,704 | -32.5% |
| Financial debts | 170/4 | €57,547 | €38,842 | -€18,704 | -32.5% |
| Amounts payable within one year | 42/48 | €45,482 | €35,444 | -€10,038 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €24,334 | €18,704 | -€5,630 | -23.1% |
| Financial debts | 43 | €3,171 | €5,107 | +€1,936 | +61.1% |
| Credit institutions | 430/8 | €3,171 | €5,107 | +€1,936 | +61.1% |
| Trade debts | 44 | €11,059 | €9,467 | -€1,592 | -14.4% |
| Suppliers | 440/4 | €11,059 | €9,467 | -€1,592 | -14.4% |
| Taxes, remuneration and social security | 45 | €6,919 | €2,167 | -€4,752 | -68.7% |
| Taxes | 450/3 | €6,919 | €2,167 | -€4,752 | -68.7% |
| Accrued charges and deferred income | 492/3 | - | €2,048 | +€2,048 | |
| Remuneration, social security and pensions | 62 | €196 | - | -€196 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,859 | €33,966 | -€10,893 | -24.3% |
| Other operating charges | 640/8 | €5,124 | €4,535 | -€589 | -11.5% |
| Gross operating margin | 9900 | €31,640 | €64,299 | +€32,659 | +103% |
| Operating profit (loss) | 9901 | -€18,539 | €25,798 | +€44,337 | |
| Financial income | 75/76B | €21 | €62 | +€41 | +198% |
| Recurring financial income | 75 | €21 | €62 | +€41 | +198% |
| Financial charges | 65/66B | €3,119 | €2,286 | -€833 | -26.7% |
| Recurring financial charges | 65 | €3,119 | €2,286 | -€833 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | -€21,638 | €23,573 | +€45,211 | |
| Income taxes | 67/77 | - | €5,010 | +€5,010 | |
| Profit (loss) for the period | 9904 | -€21,638 | €18,563 | +€40,200 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,638 | €18,563 | +€40,200 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.