GEEDAM: 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.
GEEDAM
Largest movements
- Cash -€86,348
down €86,348 (-67.6%), from €127,736 to €41,388
mainly Contributions, distributions and other (-€190,000) and Current investments (-€25,000)
- Current investments +€25,000
up €25,000 (+50.0%), from €50,000 to €75,000
- Tangible fixed assets -€4,665
down €4,665 (-18.2%), from €25,596 to €20,931
of which Land and buildings: -€3,814
- Reserves -€142,640
down €142,640 (-74.5%), from €191,512 to €48,872
- Other debts +€78,567
up €78,567 (+5,210%), from €1,508 to €80,075
- Depreciation -€7,235
down €7,235 (-60.8%), from €11,900 to €4,665
- Gross operating margin +€2,950
up €2,950 (+4.8%), from €60,942 to €63,892
- Financial income +€903
up €903 (+60.5%), from €1,492 to €2,395
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 | €217,877 | €152,423 | -€65,454 | -30.0% |
| Fixed assets | 21/28 | €25,621 | €20,956 | -€4,665 | -18.2% |
| Tangible fixed assets | 22/27 | €25,596 | €20,931 | -€4,665 | -18.2% |
| Land and buildings | 22 | €24,402 | €20,588 | -€3,814 | -15.6% |
| Plant, machinery and equipment | 23 | €850 | €340 | -€510 | -60.0% |
| Furniture and vehicles | 24 | €344 | €3 | -€341 | -99.1% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €192,256 | €131,467 | -€60,789 | -31.6% |
| Amounts receivable within one year | 40/41 | €14,520 | €15,079 | +€559 | +3.8% |
| Trade receivables | 40 | €14,520 | €14,979 | +€459 | +3.2% |
| Other amounts receivable | 41 | - | €100 | +€100 | |
| Current investments | 50/53 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €127,736 | €41,388 | -€86,348 | -67.6% |
| Total equity and liabilities | 10/49 | €217,877 | €152,423 | -€65,454 | -30.0% |
| Equity | 10/15 | €204,095 | €61,455 | -€142,640 | -69.9% |
| Contributions | 10/11 | €12,583 | €12,583 | = | 0.0% |
| Reserves | 13 | €191,512 | €48,872 | -€142,640 | -74.5% |
| Distributable reserves | 133 | €191,512 | €48,872 | -€142,640 | -74.5% |
| Amounts payable | 17/49 | €13,782 | €90,968 | +€77,186 | +560% |
| Amounts payable within one year | 42/48 | €13,782 | €90,968 | +€77,186 | +560% |
| Current portion of amounts payable after more than one year | 42 | €471 | - | -€471 | |
| Trade debts | 44 | €2,049 | €2,320 | +€271 | +13.2% |
| Suppliers | 440/4 | €2,049 | €2,320 | +€271 | +13.2% |
| Taxes, remuneration and social security | 45 | €9,754 | €8,573 | -€1,181 | -12.1% |
| Taxes | 450/3 | €9,754 | €8,573 | -€1,181 | -12.1% |
| Other amounts payable | 47/48 | €1,508 | €80,075 | +€78,567 | +5,210% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,900 | €4,665 | -€7,235 | -60.8% |
| Other operating charges | 640/8 | €1,627 | €1,501 | -€126 | -7.7% |
| Gross operating margin | 9900 | €60,942 | €63,892 | +€2,950 | +4.8% |
| Operating profit (loss) | 9901 | €47,415 | €57,726 | +€10,311 | +21.7% |
| Financial income | 75/76B | €1,492 | €2,395 | +€903 | +60.5% |
| Recurring financial income | 75 | €1,492 | €2,395 | +€903 | +60.5% |
| Financial charges | 65/66B | €177 | €153 | -€24 | -13.6% |
| Recurring financial charges | 65 | €177 | €153 | -€24 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €48,730 | €59,968 | +€11,238 | +23.1% |
| Income taxes | 67/77 | €12,402 | €12,608 | +€206 | +1.7% |
| Profit (loss) for the period | 9904 | €36,328 | €47,360 | +€11,032 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,328 | €47,360 | +€11,032 | +30.4% |
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 14 October 2026 via checked.be.