GEDEK: 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.
GEDEK
Largest movements
- Cash +€15,585
up €15,585 (+762.8%), from €2,043 to €17,629
mainly Net result for the year (+€22,183) and Depreciation (+€11,676)
- Reserves +€22,183
up €22,183 (+9.6%), from €231,681 to €253,864
- Other debts -€5,000
down €5,000 (-100.0%), from €5,000 to €0
- Gross operating margin +€4,034
up €4,034 (+9.3%), from €43,380 to €47,415
- Depreciation +€3,445
up €3,445 (+41.8%), from €8,232 to €11,676
- Financial income -€2,828
down €2,828 (-37.8%), from €7,472 to €4,644
- Taxes -€827
down €827 (-7.4%), from €11,186 to €10,359
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 | €383,211 | €399,252 | +€16,040 | +4.2% |
| Fixed assets | 21/28 | €127,259 | €127,784 | +€525 | +0.4% |
| Tangible fixed assets | 22/27 | €127,259 | €127,784 | +€525 | +0.4% |
| Land and buildings | 22 | €125,805 | €126,881 | +€1,077 | +0.9% |
| Furniture and vehicles | 24 | €1,454 | €902 | -€552 | -37.9% |
| Current assets | 29/58 | €255,953 | €271,468 | +€15,515 | +6.1% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,043 | €17,629 | +€15,585 | +762.8% |
| Deferred charges and accrued income | 490/1 | €3,909 | €3,839 | -€70 | -1.8% |
| Total equity and liabilities | 10/49 | €383,211 | €399,252 | +€16,040 | +4.2% |
| Equity | 10/15 | €372,678 | €394,861 | +€22,183 | +6.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €231,681 | €253,864 | +€22,183 | +9.6% |
| Distributable reserves | 133 | €231,681 | €253,864 | +€22,183 | +9.6% |
| Profit (loss) carried forward | 14 | €122,447 | €122,447 | = | 0.0% |
| Amounts payable | 17/49 | €10,533 | €4,390 | -€6,143 | -58.3% |
| Amounts payable within one year | 42/48 | €9,383 | €4,390 | -€4,993 | -53.2% |
| Trade debts | 44 | €3,439 | €425 | -€3,014 | -87.7% |
| Suppliers | 440/4 | €3,439 | €425 | -€3,014 | -87.7% |
| Taxes, remuneration and social security | 45 | €944 | €3,966 | +€3,021 | +320.0% |
| Taxes | 450/3 | €944 | €3,966 | +€3,021 | +320.0% |
| Other amounts payable | 47/48 | €5,000 | €0 | -€5,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,150 | €0 | -€1,150 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,232 | €11,676 | +€3,445 | +41.8% |
| Other operating charges | 640/8 | €7,417 | €7,795 | +€378 | +5.1% |
| Gross operating margin | 9900 | €43,380 | €47,415 | +€4,034 | +9.3% |
| Operating profit (loss) | 9901 | €27,732 | €27,943 | +€211 | +0.8% |
| Financial income | 75/76B | €7,472 | €4,644 | -€2,828 | -37.8% |
| Recurring financial income | 75 | €7,472 | €4,644 | -€2,828 | -37.8% |
| Financial charges | 65/66B | €48 | €45 | -€3 | -6.5% |
| Recurring financial charges | 65 | €48 | €45 | -€3 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €35,156 | €32,542 | -€2,613 | -7.4% |
| Income taxes | 67/77 | €11,186 | €10,359 | -€827 | -7.4% |
| Profit (loss) for the period | 9904 | €23,970 | €22,183 | -€1,787 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,970 | €22,183 | -€1,787 | -7.5% |
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 2 October 2026 via checked.be.