GEDON PET: 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.
GEDON PET
Largest movements
- Tangible fixed assets -€196,058
down €196,058 (-31.3%), from €627,309 to €431,250
- Deferred charges and accrued income +€167,683
new in 2025: €167,683
- Receivables within one year -€89,054
down €89,054 (-6.5%), from €1.4m to €1.3m
of which Other amounts receivable: -€55,773
- Stocks and contracts +€85,433
up €85,433 (+36.0%), from €237,311 to €322,744
- Cash +€30,544
up €30,544 (+125%), from €24,372 to €54,916
mainly Depreciation (+€197,406) and Net result for the year (+€161,202)
- Reserves +€161,202
up €161,202 (+10.5%), from €1.5m to €1.7m
of which Distributable reserves: +€161,202
- Debts after one year -€99,820
no longer reported in 2025 (was €99,820)
- Trade debts -€51,305
down €51,305 (-26.3%), from €194,894 to €143,589
- Current portion of long-term debt -€42,522
down €42,522 (-45.8%), from €92,924 to €50,402
- Tax, wage and social debts +€30,800
up €30,800 (+247%), from €12,455 to €43,255
- Gross operating margin +€19,989
up €19,989 (+4.5%), from €442,157 to €462,145
- Financial charges -€11,840
down €11,840 (-70.0%), from €16,912 to €5,072
- Depreciation -€6,204
down €6,204 (-3.0%), from €203,611 to €197,406
- Taxes +€5,390
up €5,390 (+8.0%), from €67,685 to €73,075
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 | €2,266,158 | €2,264,705 | -€1,453 | -0.1% |
| Fixed assets | 21/28 | €627,309 | €431,250 | -€196,058 | -31.3% |
| Tangible fixed assets | 22/27 | €627,309 | €431,250 | -€196,058 | -31.3% |
| Land and buildings | 22 | €347,345 | €281,162 | -€66,183 | -19.1% |
| Plant, machinery and equipment | 23 | €159,904 | €100,469 | -€59,435 | -37.2% |
| Furniture and vehicles | 24 | €120,060 | €49,619 | -€70,441 | -58.7% |
| Current assets | 29/58 | €1,638,850 | €1,833,455 | +€194,605 | +11.9% |
| Stocks and contracts in progress | 3 | €237,311 | €322,744 | +€85,433 | +36.0% |
| Stocks | 30/36 | €237,311 | €322,744 | +€85,433 | +36.0% |
| Amounts receivable within one year | 40/41 | €1,377,167 | €1,288,113 | -€89,054 | -6.5% |
| Trade receivables | 40 | €1,196,988 | €1,163,707 | -€33,281 | -2.8% |
| Other amounts receivable | 41 | €180,178 | €124,405 | -€55,773 | -31.0% |
| Cash at bank and in hand | 54/58 | €24,372 | €54,916 | +€30,544 | +125% |
| Deferred charges and accrued income | 490/1 | - | €167,683 | +€167,683 | |
| Total equity and liabilities | 10/49 | €2,266,158 | €2,264,705 | -€1,453 | -0.1% |
| Equity | 10/15 | €1,864,793 | €2,025,995 | +€161,202 | +8.6% |
| Contributions | 10/11 | €323,000 | €323,000 | = | 0.0% |
| Capital | 10 | €323,000 | €323,000 | = | 0.0% |
| Issued capital | 100 | €323,000 | €323,000 | = | 0.0% |
| Reserves | 13 | €1,541,793 | €1,702,995 | +€161,202 | +10.5% |
| Non-distributable reserves | 130/1 | €32,300 | €32,300 | = | 0.0% |
| Legal reserve | 130 | €32,300 | €32,300 | = | 0.0% |
| Distributable reserves | 133 | €1,509,493 | €1,670,695 | +€161,202 | +10.7% |
| Amounts payable | 17/49 | €401,365 | €238,710 | -€162,655 | -40.5% |
| Amounts payable after more than one year | 17 | €99,820 | - | -€99,820 | |
| Financial debts | 170/4 | €99,820 | - | -€99,820 | |
| Amounts payable within one year | 42/48 | €301,545 | €238,710 | -€62,835 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €92,924 | €50,402 | -€42,522 | -45.8% |
| Trade debts | 44 | €194,894 | €143,589 | -€51,305 | -26.3% |
| Suppliers | 440/4 | €194,894 | €143,589 | -€51,305 | -26.3% |
| Taxes, remuneration and social security | 45 | €12,455 | €43,255 | +€30,800 | +247% |
| Taxes | 450/3 | €12,455 | €43,255 | +€30,800 | +247% |
| Other amounts payable | 47/48 | €1,272 | €1,464 | +€193 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,611 | €197,406 | -€6,204 | -3.0% |
| Other operating charges | 640/8 | €24,930 | €25,390 | +€460 | +1.8% |
| Gross operating margin | 9900 | €442,157 | €462,145 | +€19,989 | +4.5% |
| Operating profit (loss) | 9901 | €213,616 | €239,349 | +€25,733 | +12.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €16,912 | €5,072 | -€11,840 | -70.0% |
| Recurring financial charges | 65 | €16,912 | €5,072 | -€11,840 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | €196,704 | €234,277 | +€37,573 | +19.1% |
| Income taxes | 67/77 | €67,685 | €73,075 | +€5,390 | +8.0% |
| Profit (loss) for the period | 9904 | €129,019 | €161,202 | +€32,184 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €129,019 | €161,202 | +€32,184 | +24.9% |
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 24 October 2026 via checked.be.