Gedetra: 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.
Gedetra
Largest movements
- Tangible fixed assets -€40,343
down €40,343 (-26.2%), from €153,756 to €113,413
- Receivables within one year +€3,862
up €3,862 (+31.1%), from €12,412 to €16,275
of which Trade receivables: +€3,213
- Cash -€2,559
down €2,559 (-6.6%), from €38,945 to €36,386
mainly Debts after one year (-€42,720) and Contributions, distributions and other (-€10,000)
- Debts after one year -€42,720
down €42,720 (-34.4%), from €124,223 to €81,503
of which Financial debts: -€33,248
- Other debts +€9,171
up €9,171 (+1106.7%), from €829 to €10,000
- Reserves -€7,063
down €7,063 (-34.5%), from €20,500 to €13,437
- Gross operating margin -€16,725
down €16,725 (-21.3%), from €78,682 to €61,956
- Depreciation +€3,623
up €3,623 (+9.9%), from €36,720 to €40,343
- Taxes -€1,641
down €1,641 (-48.5%), from €3,381 to €1,740
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 | €210,122 | €172,097 | -€38,025 | -18.1% |
| Fixed assets | 21/28 | €153,936 | €113,593 | -€40,343 | -26.2% |
| Tangible fixed assets | 22/27 | €153,756 | €113,413 | -€40,343 | -26.2% |
| Furniture and vehicles | 24 | €153,756 | €113,413 | -€40,343 | -26.2% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €56,186 | €58,504 | +€2,318 | +4.1% |
| Amounts receivable within one year | 40/41 | €12,412 | €16,275 | +€3,862 | +31.1% |
| Trade receivables | 40 | €10,719 | €13,932 | +€3,213 | +30.0% |
| Other amounts receivable | 41 | €1,694 | €2,343 | +€649 | +38.3% |
| Cash at bank and in hand | 54/58 | €38,945 | €36,386 | -€2,559 | -6.6% |
| Deferred charges and accrued income | 490/1 | €4,828 | €5,844 | +€1,016 | +21.0% |
| Total equity and liabilities | 10/49 | €210,122 | €172,097 | -€38,025 | -18.1% |
| Equity | 10/15 | €40,500 | €33,437 | -€7,063 | -17.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €20,500 | €13,437 | -€7,063 | -34.5% |
| Distributable reserves | 133 | €20,500 | €13,437 | -€7,063 | -34.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €169,621 | €138,660 | -€30,961 | -18.3% |
| Amounts payable after more than one year | 17 | €124,223 | €81,503 | -€42,720 | -34.4% |
| Financial debts | 170/4 | €98,223 | €64,975 | -€33,248 | -33.8% |
| Other amounts payable | 178/9 | €26,000 | €16,528 | -€9,473 | -36.4% |
| Amounts payable within one year | 42/48 | €45,398 | €57,157 | +€11,759 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €32,853 | €33,248 | +€395 | +1.2% |
| Trade debts | 44 | €11,182 | €11,276 | +€94 | +0.8% |
| Suppliers | 440/4 | €11,182 | €11,276 | +€94 | +0.8% |
| Taxes, remuneration and social security | 45 | €535 | €2,633 | +€2,099 | +392.6% |
| Taxes | 450/3 | €535 | €2,633 | +€2,099 | +392.6% |
| Other amounts payable | 47/48 | €829 | €10,000 | +€9,171 | +1106.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €21,000 | €0 | -€21,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,720 | €40,343 | +€3,623 | +9.9% |
| Other operating charges | 640/8 | €13,072 | €12,614 | -€458 | -3.5% |
| Gross operating margin | 9900 | €78,682 | €61,956 | -€16,725 | -21.3% |
| Operating profit (loss) | 9901 | €28,890 | €8,999 | -€19,890 | -68.8% |
| Financial income | 75/76B | €141 | €220 | +€79 | +56.1% |
| Recurring financial income | 75 | €141 | €220 | +€79 | +56.1% |
| Financial charges | 65/66B | €5,150 | €4,542 | -€607 | -11.8% |
| Recurring financial charges | 65 | €5,150 | €4,542 | -€607 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €23,881 | €4,677 | -€19,204 | -80.4% |
| Income taxes | 67/77 | €3,381 | €1,740 | -€1,641 | -48.5% |
| Profit (loss) for the period | 9904 | €20,500 | €2,937 | -€17,564 | -85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,500 | €2,937 | -€17,564 | -85.7% |
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 10 October 2026 via checked.be.