GEDO CONSULT: 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.
GEDO CONSULT
Largest movements
- Cash -€34,051
down €34,051 (-39.4%), from €86,452 to €52,400
mainly Other debts (-€40,044) and Tax, wage and social debts (-€6,819)
- Tangible fixed assets -€7,444
down €7,444 (-44.6%), from €16,676 to €9,232
- Receivables within one year -€4,381
down €4,381 (-22.0%), from €19,889 to €15,507
of which Trade receivables: -€13,501
- Deferred charges and accrued income +€3,274
up €3,274 (+140.4%), from €2,332 to €5,606
- Other debts -€40,044
no longer reported in 2025 (was €40,044)
- Tax, wage and social debts -€6,819
down €6,819 (-94.5%), from €7,215 to €396
- Profit (loss) carried forward +€2,356
up €2,356 (+28.0%), from €8,407 to €10,763
- Trade debts +€1,905
up €1,905, from €0 to €1,905
- Gross operating margin -€111,124
down €111,124 (-86.7%), from €128,201 to €17,077
- Taxes -€34,022
down €34,022 (-92.2%), from €36,900 to €2,877
- Purchases and services -€25,354
no longer reported in 2025 (was €25,354)
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 | €125,348 | €82,746 | -€42,602 | -34.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €16,676 | €9,232 | -€7,444 | -44.6% |
| Tangible fixed assets | 22/27 | €16,676 | €9,232 | -€7,444 | -44.6% |
| Furniture and vehicles | 24 | €16,676 | €9,232 | -€7,444 | -44.6% |
| Current assets | 29/58 | €108,672 | €73,513 | -€35,159 | -32.4% |
| Amounts receivable within one year | 40/41 | €19,889 | €15,507 | -€4,381 | -22.0% |
| Trade receivables | 40 | €15,224 | €1,724 | -€13,501 | -88.7% |
| Other amounts receivable | 41 | €4,665 | €13,784 | +€9,119 | +195.5% |
| Cash at bank and in hand | 54/58 | €86,452 | €52,400 | -€34,051 | -39.4% |
| Deferred charges and accrued income | 490/1 | €2,332 | €5,606 | +€3,274 | +140.4% |
| Total equity and liabilities | 10/49 | €125,348 | €82,746 | -€42,602 | -34.0% |
| Equity | 10/15 | €78,089 | €80,444 | +€2,356 | +3.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €68,182 | €68,182 | = | 0.0% |
| Distributable reserves | 133 | €68,182 | €68,182 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,407 | €10,763 | +€2,356 | +28.0% |
| Amounts payable | 17/49 | €47,259 | €2,301 | -€44,958 | -95.1% |
| Amounts payable within one year | 42/48 | €47,259 | €2,301 | -€44,958 | -95.1% |
| Trade debts | 44 | €0 | €1,905 | +€1,905 | |
| Suppliers | 440/4 | - | €1,905 | +€1,905 | |
| Taxes, remuneration and social security | 45 | €7,215 | €396 | -€6,819 | -94.5% |
| Taxes | 450/3 | €7,215 | €396 | -€6,819 | -94.5% |
| Other amounts payable | 47/48 | €40,044 | - | -€40,044 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €25,354 | - | -€25,354 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,353 | €8,042 | +€689 | +9.4% |
| Other operating charges | 640/8 | €253 | €257 | +€4 | +1.4% |
| Gross operating margin | 9900 | €128,201 | €17,077 | -€111,124 | -86.7% |
| Operating profit (loss) | 9901 | €120,594 | €8,778 | -€111,816 | -92.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €3,437 | €3,545 | +€108 | +3.1% |
| Recurring financial charges | 65 | €3,437 | €3,545 | +€108 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €117,157 | €5,233 | -€111,924 | -95.5% |
| Income taxes | 67/77 | €36,900 | €2,877 | -€34,022 | -92.2% |
| Profit (loss) for the period | 9904 | €80,258 | €2,356 | -€77,902 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €80,258 | €2,356 | -€77,902 | -97.1% |
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 9 October 2026 via checked.be.