GEDERO: 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.
GEDERO
Largest movements
- Receivables within one year +€3,444
up €3,444 (+48.1%), from €7,166 to €10,610
of which Other amounts receivable: +€2,844
- Cash -€510
down €510 (-48.4%), from €1,054 to €544
mainly Receivables within one year (-€3,444) and Net result for the year (-€840)
- Short-term financial debts +€3,859
new in 2025: €3,859
- Profit (loss) carried forward -€840
down €840 (-8.3%), from -€10,105 to -€10,945
- Financial charges -€2,990
down €2,990 (-78.1%), from €3,830 to €840
of which Financial charges: -€2,915
- Other operating charges -€1,044
no longer reported in 2025 (was €1,044)
- Gross operating margin +€290
no longer reported in 2025 (was -€290)
- Purchases and services -€290
no longer reported in 2025 (was €290)
- Financial income -€8
no longer reported in 2025 (was €8)
of which Financial income: -€8
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 | €18,597 | €21,531 | +€2,934 | +15.8% |
| Fixed assets | 21/28 | €10,377 | €10,377 | = | 0.0% |
| Tangible fixed assets | 22/27 | €377 | €377 | = | 0.0% |
| Plant, machinery and equipment | 23 | €377 | €377 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €8,220 | €11,154 | +€2,934 | +35.7% |
| Amounts receivable within one year | 40/41 | €7,166 | €10,610 | +€3,444 | +48.1% |
| Trade receivables | 40 | €7,150 | €7,750 | +€600 | +8.4% |
| Other amounts receivable | 41 | €16 | €2,860 | +€2,844 | +17,775% |
| Cash at bank and in hand | 54/58 | €1,054 | €544 | -€510 | -48.4% |
| Total equity and liabilities | 10/49 | €18,597 | €21,531 | +€2,934 | +15.8% |
| Equity | 10/15 | €1,070 | €230 | -€840 | -78.5% |
| Contributions | 10/11 | €11,175 | €11,175 | = | 0.0% |
| Capital | 10 | €11,175 | €11,175 | = | 0.0% |
| Issued capital | 100 | €11,175 | €11,175 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,105 | -€10,945 | -€840 | -8.3% |
| Amounts payable | 17/49 | €17,527 | €21,301 | +€3,774 | +21.5% |
| Amounts payable within one year | 42/48 | €17,527 | €21,301 | +€3,774 | +21.5% |
| Financial debts | 43 | - | €3,859 | +€3,859 | |
| Credit institutions | 430/8 | - | €3,859 | +€3,859 | |
| Trade debts | 44 | €85 | - | -€85 | |
| Suppliers | 440/4 | €85 | - | -€85 | |
| Other amounts payable | 47/48 | €17,442 | €17,442 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €290 | - | -€290 | |
| Other operating charges | 640/8 | €1,044 | - | -€1,044 | |
| Gross operating margin | 9900 | -€290 | - | +€290 | |
| Operating profit (loss) | 9901 | -€1,334 | - | +€1,334 | |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Non-recurring financial income | 76B | €8 | - | -€8 | |
| Financial charges | 65/66B | €3,830 | €840 | -€2,990 | -78.1% |
| Recurring financial charges | 65 | €3,667 | €752 | -€2,915 | -79.5% |
| Non-recurring financial charges | 66B | €163 | €88 | -€75 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,156 | -€840 | +€4,316 | +83.7% |
| Profit (loss) for the period | 9904 | -€5,156 | -€840 | +€4,316 | +83.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,156 | -€840 | +€4,316 | +83.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.