GEDITCO: 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.
GEDITCO
Largest movements
- Current investments +€117,219
up €117,219 (+32.1%), from €365,675 to €482,894
- Receivables within one year -€28,148
down €28,148 (-99.7%), from €28,242 to €94
of which Trade receivables: -€28,164
- Tangible fixed assets -€27,011
down €27,011 (-31.4%), from €85,966 to €58,955
of which Furniture and vehicles: -€27,011
- Cash +€10,901
up €10,901 (+18.1%), from €60,205 to €71,106
mainly Net result for the year (+€100,193) and Short-term financial debts (+€33,613)
- Reserves +€64,022
up €64,022 (+15.5%), from €411,769 to €475,791
of which Distributable reserves: +€64,022
- Short-term financial debts +€33,613
up €33,613 (+10031.3%), from €335 to €33,948
- Debts after one year -€25,733
down €25,733 (-43.0%), from €59,903 to €34,170
- Tax, wage and social debts +€6,549
up €6,549 (+25.4%), from €25,760 to €32,309
- Other debts -€6,442
down €6,442 (-78.6%), from €8,200 to €1,758
- Financial charges +€10,867
up €10,867, from -€10,850 to €16
of which Financial charges: +€10,867
- Financial income +€6,409
up €6,409 (+426.9%), from €1,501 to €7,911
- Taxes +€5,072
up €5,072 (+12.2%), from €41,481 to €46,553
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 | €544,136 | €617,742 | +€73,606 | +13.5% |
| Fixed assets | 21/28 | €85,966 | €58,955 | -€27,011 | -31.4% |
| Tangible fixed assets | 22/27 | €85,966 | €58,955 | -€27,011 | -31.4% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €85,966 | €58,955 | -€27,011 | -31.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €458,170 | €558,787 | +€100,617 | +22.0% |
| Amounts receivable within one year | 40/41 | €28,242 | €94 | -€28,148 | -99.7% |
| Trade receivables | 40 | €28,164 | €0 | -€28,164 | -100.0% |
| Other amounts receivable | 41 | €78 | €94 | +€16 | +20.2% |
| Current investments | 50/53 | €365,675 | €482,894 | +€117,219 | +32.1% |
| Cash at bank and in hand | 54/58 | €60,205 | €71,106 | +€10,901 | +18.1% |
| Deferred charges and accrued income | 490/1 | €4,048 | €4,692 | +€645 | +15.9% |
| Total equity and liabilities | 10/49 | €544,136 | €617,742 | +€73,606 | +13.5% |
| Equity | 10/15 | €424,169 | €488,191 | +€64,022 | +15.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €411,769 | €475,791 | +€64,022 | +15.5% |
| Tax-exempt reserves | 132 | €4,838 | €4,838 | = | 0.0% |
| Distributable reserves | 133 | €406,931 | €470,953 | +€64,022 | +15.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €119,968 | €129,551 | +€9,584 | +8.0% |
| Amounts payable after more than one year | 17 | €59,903 | €34,170 | -€25,733 | -43.0% |
| Financial debts | 170/4 | €59,903 | €34,170 | -€25,733 | -43.0% |
| Amounts payable within one year | 42/48 | €59,609 | €95,382 | +€35,773 | +60.0% |
| Current portion of amounts payable after more than one year | 42 | €24,882 | €25,733 | +€851 | +3.4% |
| Financial debts | 43 | €335 | €33,948 | +€33,613 | +10031.3% |
| Credit institutions | 430/8 | €335 | €33,948 | +€33,613 | +10031.3% |
| Trade debts | 44 | €432 | €1,634 | +€1,202 | +278.4% |
| Suppliers | 440/4 | €432 | €1,634 | +€1,202 | +278.4% |
| Taxes, remuneration and social security | 45 | €25,760 | €32,309 | +€6,549 | +25.4% |
| Taxes | 450/3 | €25,760 | €32,309 | +€6,549 | +25.4% |
| Other amounts payable | 47/48 | €8,200 | €1,758 | -€6,442 | -78.6% |
| Accrued charges and deferred income | 492/3 | €456 | €0 | -€456 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,665 | €27,011 | -€654 | -2.4% |
| Other operating charges | 640/8 | €2,595 | €1,195 | -€1,401 | -54.0% |
| Non-recurring operating charges | 66A | €711 | €0 | -€711 | -100.0% |
| Gross operating margin | 9900 | €168,680 | €167,057 | -€1,623 | -1.0% |
| Operating profit (loss) | 9901 | €137,708 | €138,851 | +€1,143 | +0.8% |
| Financial income | 75/76B | €1,501 | €7,911 | +€6,409 | +426.9% |
| Recurring financial income | 75 | €1,501 | €7,911 | +€6,409 | +426.9% |
| Financial charges | 65/66B | -€10,850 | €16 | +€10,867 | |
| Recurring financial charges | 65 | -€10,850 | €16 | +€10,867 | |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €150,060 | €146,746 | -€3,314 | -2.2% |
| Income taxes | 67/77 | €41,481 | €46,553 | +€5,072 | +12.2% |
| Profit (loss) for the period | 9904 | €108,578 | €100,193 | -€8,386 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €108,578 | €100,193 | -€8,386 | -7.7% |
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 7 October 2026 via checked.be.