GEDEJON: 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.
GEDEJON
Largest movements
- Cash +€19,584
up €19,584 (+61.6%), from €31,787 to €51,371
mainly Other debts (+€67,651) and Net result for the year (+€38,626)
- Receivables within one year +€12,933
up €12,933 (+78.1%), from €16,550 to €29,484
of which Trade receivables: +€9,719
- Tangible fixed assets +€10,658
up €10,658 (+27.6%), from €38,550 to €49,208
of which Furniture and vehicles: +€15,790
- Current investments -€9,570
down €9,570 (-18.6%), from €51,316 to €41,746
- Other debts +€67,651
up €67,651 (+196.3%), from €34,465 to €102,116
- Reserves -€42,374
down €42,374 (-51.8%), from €81,751 to €39,377
- Current portion of long-term debt +€10,000
new in 2025: €10,000
- Debts after one year +€5,000
new in 2025: €5,000
- Tax, wage and social debts -€4,003
down €4,003 (-25.0%), from €16,040 to €12,037
- Gross operating margin +€38,526
up €38,526 (+137.2%), from €28,084 to €66,610
- Taxes +€8,869
up €8,869 (+268.8%), from €3,299 to €12,168
- Other operating charges -€5,854
down €5,854 (-83.6%), from €7,002 to €1,147
- Depreciation +€5,087
up €5,087 (+69.3%), from €7,343 to €12,430
- Financial charges +€1,589
up €1,589 (+83.9%), from €1,893 to €3,482
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 | €139,958 | €173,628 | +€33,670 | +24.1% |
| Fixed assets | 21/28 | €38,550 | €49,208 | +€10,658 | +27.6% |
| Tangible fixed assets | 22/27 | €38,550 | €49,208 | +€10,658 | +27.6% |
| Land and buildings | 22 | €31,176 | €28,966 | -€2,210 | -7.1% |
| Plant, machinery and equipment | 23 | €5,908 | €2,986 | -€2,923 | -49.5% |
| Furniture and vehicles | 24 | €1,466 | €17,256 | +€15,790 | +1077.3% |
| Current assets | 29/58 | €101,408 | €124,420 | +€23,012 | +22.7% |
| Amounts receivable within one year | 40/41 | €16,550 | €29,484 | +€12,933 | +78.1% |
| Trade receivables | 40 | €7,318 | €17,036 | +€9,719 | +132.8% |
| Other amounts receivable | 41 | €9,232 | €12,447 | +€3,215 | +34.8% |
| Current investments | 50/53 | €51,316 | €41,746 | -€9,570 | -18.6% |
| Cash at bank and in hand | 54/58 | €31,787 | €51,371 | +€19,584 | +61.6% |
| Deferred charges and accrued income | 490/1 | €1,755 | €1,820 | +€65 | +3.7% |
| Total equity and liabilities | 10/49 | €139,958 | €173,628 | +€33,670 | +24.1% |
| Equity | 10/15 | €82,751 | €40,377 | -€42,374 | -51.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €81,751 | €39,377 | -€42,374 | -51.8% |
| Distributable reserves | 133 | €81,751 | €39,377 | -€42,374 | -51.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €57,207 | €133,251 | +€76,044 | +132.9% |
| Amounts payable after more than one year | 17 | - | €5,000 | +€5,000 | |
| Financial debts | 170/4 | - | €5,000 | +€5,000 | |
| Amounts payable within one year | 42/48 | €55,856 | €125,516 | +€69,660 | +124.7% |
| Current portion of amounts payable after more than one year | 42 | - | €10,000 | +€10,000 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,352 | €1,364 | -€3,988 | -74.5% |
| Suppliers | 440/4 | €5,352 | €1,364 | -€3,988 | -74.5% |
| Taxes, remuneration and social security | 45 | €16,040 | €12,037 | -€4,003 | -25.0% |
| Taxes | 450/3 | €16,040 | €12,037 | -€4,003 | -25.0% |
| Other amounts payable | 47/48 | €34,465 | €102,116 | +€67,651 | +196.3% |
| Accrued charges and deferred income | 492/3 | €1,352 | €2,736 | +€1,384 | +102.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,343 | €12,430 | +€5,087 | +69.3% |
| Other operating charges | 640/8 | €7,002 | €1,147 | -€5,854 | -83.6% |
| Gross operating margin | 9900 | €28,084 | €66,610 | +€38,526 | +137.2% |
| Operating profit (loss) | 9901 | €13,740 | €53,033 | +€39,293 | +286.0% |
| Financial income | 75/76B | €241 | €1,243 | +€1,002 | +416.2% |
| Recurring financial income | 75 | €241 | €1,243 | +€1,002 | +416.2% |
| Financial charges | 65/66B | €1,893 | €3,482 | +€1,589 | +83.9% |
| Recurring financial charges | 65 | €1,893 | €3,482 | +€1,589 | +83.9% |
| Profit (loss) for the period before taxes | 9903 | €12,087 | €50,794 | +€38,707 | +320.2% |
| Income taxes | 67/77 | €3,299 | €12,168 | +€8,869 | +268.8% |
| Profit (loss) for the period | 9904 | €8,788 | €38,626 | +€29,838 | +339.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,788 | €38,626 | +€29,838 | +339.5% |
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 4 October 2026 via checked.be.