GEEAN: 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.
GEEAN
Largest movements
- Tangible fixed assets -€12,609
down €12,609 (-31.2%), from €40,409 to €27,800
of which Furniture and vehicles: -€12,215
- Cash -€2,432
down €2,432 (-2.0%), from €120,439 to €118,007
mainly Other debts (-€20,423) and Tax, wage and social debts (-€4,148)
- Receivables within one year +€1,945
up €1,945 (+12.5%), from €15,571 to €17,517
of which Other amounts receivable: +€1,344
- Other debts -€20,423
down €20,423 (-52.2%), from €39,104 to €18,681
- Reserves +€12,585
up €12,585 (+12.5%), from €100,763 to €113,348
- Tax, wage and social debts -€4,148
down €4,148 (-45.0%), from €9,214 to €5,066
of which Remuneration and social security: -€2,571
- Gross operating margin -€8,955
down €8,955 (-20.3%), from €44,150 to €35,195
- Taxes -€1,811
down €1,811 (-24.1%), from €7,530 to €5,719
- Financial charges -€1,510
down €1,510 (-49.6%), from €3,045 to €1,535
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 | €176,420 | €163,597 | -€12,822 | -7.3% |
| Fixed assets | 21/28 | €40,409 | €27,800 | -€12,609 | -31.2% |
| Tangible fixed assets | 22/27 | €40,409 | €27,800 | -€12,609 | -31.2% |
| Land and buildings | 22 | €7,871 | €5,690 | -€2,181 | -27.7% |
| Plant, machinery and equipment | 23 | €2,729 | €4,516 | +€1,787 | +65.5% |
| Furniture and vehicles | 24 | €29,809 | €17,594 | -€12,215 | -41.0% |
| Current assets | 29/58 | €136,011 | €135,797 | -€214 | -0.2% |
| Amounts receivable within one year | 40/41 | €15,571 | €17,517 | +€1,945 | +12.5% |
| Trade receivables | 40 | €13,070 | €13,672 | +€602 | +4.6% |
| Other amounts receivable | 41 | €2,501 | €3,845 | +€1,344 | +53.7% |
| Cash at bank and in hand | 54/58 | €120,439 | €118,007 | -€2,432 | -2.0% |
| Deferred charges and accrued income | 490/1 | - | €273 | +€273 | |
| Total equity and liabilities | 10/49 | €176,420 | €163,597 | -€12,822 | -7.3% |
| Equity | 10/15 | €126,198 | €138,783 | +€12,585 | +10.0% |
| Contributions | 10/11 | €10,232 | €10,232 | = | 0.0% |
| Reserves | 13 | €100,763 | €113,348 | +€12,585 | +12.5% |
| Distributable reserves | 133 | €100,763 | €113,348 | +€12,585 | +12.5% |
| Profit (loss) carried forward | 14 | €15,202 | €15,202 | = | 0.0% |
| Amounts payable | 17/49 | €50,222 | €24,815 | -€25,407 | -50.6% |
| Amounts payable within one year | 42/48 | €50,222 | €24,815 | -€25,407 | -50.6% |
| Trade debts | 44 | €1,904 | €1,068 | -€836 | -43.9% |
| Suppliers | 440/4 | €1,904 | €1,068 | -€836 | -43.9% |
| Taxes, remuneration and social security | 45 | €9,214 | €5,066 | -€4,148 | -45.0% |
| Taxes | 450/3 | €6,643 | €5,066 | -€1,577 | -23.7% |
| Remuneration and social security | 454/9 | €2,571 | - | -€2,571 | |
| Other amounts payable | 47/48 | €39,104 | €18,681 | -€20,423 | -52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,085 | €15,778 | -€307 | -1.9% |
| Other operating charges | 640/8 | €649 | €607 | -€42 | -6.5% |
| Gross operating margin | 9900 | €44,150 | €35,195 | -€8,955 | -20.3% |
| Operating profit (loss) | 9901 | €27,416 | €18,810 | -€8,606 | -31.4% |
| Financial income | 75/76B | €1,199 | €1,029 | -€170 | -14.2% |
| Recurring financial income | 75 | €1,199 | €1,029 | -€170 | -14.2% |
| Financial charges | 65/66B | €3,045 | €1,535 | -€1,510 | -49.6% |
| Recurring financial charges | 65 | €3,045 | €1,535 | -€1,510 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | €25,569 | €18,304 | -€7,266 | -28.4% |
| Income taxes | 67/77 | €7,530 | €5,719 | -€1,811 | -24.1% |
| Profit (loss) for the period | 9904 | €18,039 | €12,585 | -€5,454 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,039 | €12,585 | -€5,454 | -30.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.