GEECIS: 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.
GEECIS
Largest movements
- Cash -€44,158
down €44,158 (-50.5%), from €87,401 to €43,243
mainly Debts after one year (-€25,739) and Other debts (-€19,196)
- Stocks and contracts -€17,476
down €17,476 (-16.3%), from €106,963 to €89,487
- Receivables within one year +€6,575
up €6,575 (+61.4%), from €10,704 to €17,279
of which Trade receivables: +€6,009
- Tangible fixed assets -€3,633
down €3,633 (-7.5%), from €48,767 to €45,134
of which Other tangible fixed assets: -€3,145
- Debts after one year -€25,739
down €25,739 (-32.6%), from €78,880 to €53,141
of which Other amounts payable: -€14,543
- Other debts -€19,196
down €19,196 (-80.2%), from €23,942 to €4,746
- Tax, wage and social debts -€14,624
down €14,624 (-48.5%), from €30,159 to €15,535
of which Taxes: -€12,286
- Reserves +€3,192
up €3,192 (+7.7%), from €41,717 to €44,909
- Trade debts -€3,078
down €3,078 (-15.9%), from €19,371 to €16,293
- Gross operating margin -€33,561
down €33,561 (-17.8%), from €188,384 to €154,823
- Taxes -€13,809
down €13,809 (-87.1%), from €15,856 to €2,046
- Staff costs +€11,917
up €11,917 (+9.4%), from €127,118 to €139,035
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 | €255,080 | €195,820 | -€59,260 | -23.2% |
| Fixed assets | 21/28 | €48,767 | €45,134 | -€3,633 | -7.5% |
| Tangible fixed assets | 22/27 | €48,767 | €45,134 | -€3,633 | -7.5% |
| Plant, machinery and equipment | 23 | €2,512 | €2,023 | -€488 | -19.4% |
| Other tangible fixed assets | 26 | €46,255 | €43,111 | -€3,145 | -6.8% |
| Current assets | 29/58 | €206,313 | €150,686 | -€55,627 | -27.0% |
| Stocks and contracts in progress | 3 | €106,963 | €89,487 | -€17,476 | -16.3% |
| Stocks | 30/36 | €106,963 | €89,487 | -€17,476 | -16.3% |
| Amounts receivable within one year | 40/41 | €10,704 | €17,279 | +€6,575 | +61.4% |
| Trade receivables | 40 | €3,991 | €10,000 | +€6,009 | +151% |
| Other amounts receivable | 41 | €6,712 | €7,279 | +€566 | +8.4% |
| Cash at bank and in hand | 54/58 | €87,401 | €43,243 | -€44,158 | -50.5% |
| Deferred charges and accrued income | 490/1 | €1,244 | €677 | -€568 | -45.6% |
| Total equity and liabilities | 10/49 | €255,080 | €195,820 | -€59,260 | -23.2% |
| Equity | 10/15 | €91,717 | €94,909 | +€3,192 | +3.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €41,717 | €44,909 | +€3,192 | +7.7% |
| Distributable reserves | 133 | €41,717 | €44,909 | +€3,192 | +7.7% |
| Amounts payable | 17/49 | €163,363 | €100,911 | -€62,451 | -38.2% |
| Amounts payable after more than one year | 17 | €78,880 | €53,141 | -€25,739 | -32.6% |
| Financial debts | 170/4 | €14,971 | €3,774 | -€11,196 | -74.8% |
| Other amounts payable | 178/9 | €63,909 | €49,367 | -€14,543 | -22.8% |
| Amounts payable within one year | 42/48 | €84,483 | €47,770 | -€36,712 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €11,011 | €11,196 | +€186 | +1.7% |
| Trade debts | 44 | €19,371 | €16,293 | -€3,078 | -15.9% |
| Suppliers | 440/4 | €19,371 | €16,293 | -€3,078 | -15.9% |
| Taxes, remuneration and social security | 45 | €30,159 | €15,535 | -€14,624 | -48.5% |
| Taxes | 450/3 | €16,442 | €4,156 | -€12,286 | -74.7% |
| Remuneration and social security | 454/9 | €13,717 | €11,380 | -€2,338 | -17.0% |
| Other amounts payable | 47/48 | €23,942 | €4,746 | -€19,196 | -80.2% |
| Remuneration, social security and pensions | 62 | €127,118 | €139,035 | +€11,917 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,426 | €6,449 | +€23 | +0.4% |
| Other operating charges | 640/8 | €1,756 | €1,792 | +€37 | +2.1% |
| Gross operating margin | 9900 | €188,384 | €154,823 | -€33,561 | -17.8% |
| Operating profit (loss) | 9901 | €53,085 | €7,547 | -€45,538 | -85.8% |
| Financial income | 75/76B | €206 | €246 | +€40 | +19.6% |
| Recurring financial income | 75 | €206 | €246 | +€40 | +19.6% |
| Financial charges | 65/66B | €2,559 | €2,555 | -€4 | -0.1% |
| Recurring financial charges | 65 | €2,559 | €2,555 | -€4 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €50,732 | €5,238 | -€45,494 | -89.7% |
| Income taxes | 67/77 | €15,856 | €2,046 | -€13,809 | -87.1% |
| Profit (loss) for the period | 9904 | €34,876 | €3,192 | -€31,685 | -90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,876 | €3,192 | -€31,685 | -90.8% |
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 13 October 2026 via checked.be.