GEEDEBO: 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.
GEEDEBO
Largest movements
- Cash +€93,622
up €93,622 (+71.9%), from €130,152 to €223,775
mainly Net result for the year (+€60,752) and Receivables after one year (+€23,000)
- Receivables after one year -€23,000
down €23,000 (-8.3%), from €276,315 to €253,315
- Tangible fixed assets -€21,264
down €21,264 (-12.4%), from €171,666 to €150,402
of which Land and buildings: -€13,143
- Stocks and contracts -€17,547
down €17,547 (-7.3%), from €239,643 to €222,096
- Reserves +€41,382
up €41,382 (+8.7%), from €473,549 to €514,931
- Debts after one year -€29,375
down €29,375 (-9.9%), from €297,474 to €268,099
- Trade debts +€17,527
up €17,527 (+63.8%), from €27,490 to €45,017
- Gross operating margin +€20,260
up €20,260 (+14.6%), from €138,335 to €158,595
- Staff costs +€8,180
up €8,180 (+22.3%), from €36,622 to €44,802
- Taxes +€3,426
up €3,426 (+16.4%), from €20,913 to €24,339
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 | €870,971 | €895,546 | +€24,575 | +2.8% |
| Formation expenses | 20 | €3,061 | €2,755 | -€306 | -10.0% |
| Fixed assets | 21/28 | €171,667 | €150,403 | -€21,264 | -12.4% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €171,666 | €150,402 | -€21,264 | -12.4% |
| Land and buildings | 22 | €157,567 | €144,424 | -€13,143 | -8.3% |
| Plant, machinery and equipment | 23 | €7,045 | €4,893 | -€2,152 | -30.6% |
| Furniture and vehicles | 24 | €7,054 | €1,085 | -€5,969 | -84.6% |
| Current assets | 29/58 | €696,243 | €742,388 | +€46,145 | +6.6% |
| Amounts receivable after more than one year | 29 | €276,315 | €253,315 | -€23,000 | -8.3% |
| Other amounts receivable | 291 | €276,315 | €253,315 | -€23,000 | -8.3% |
| Stocks and contracts in progress | 3 | €239,643 | €222,096 | -€17,547 | -7.3% |
| Stocks | 30/36 | €239,643 | €222,096 | -€17,547 | -7.3% |
| Amounts receivable within one year | 40/41 | €47,090 | €40,023 | -€7,067 | -15.0% |
| Trade receivables | 40 | €43,003 | €39,363 | -€3,640 | -8.5% |
| Other amounts receivable | 41 | €4,087 | €661 | -€3,426 | -83.8% |
| Cash at bank and in hand | 54/58 | €130,152 | €223,775 | +€93,622 | +71.9% |
| Deferred charges and accrued income | 490/1 | €3,042 | €3,179 | +€136 | +4.5% |
| Total equity and liabilities | 10/49 | €870,971 | €895,546 | +€24,575 | +2.8% |
| Equity | 10/15 | €478,549 | €519,931 | +€41,382 | +8.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €473,549 | €514,931 | +€41,382 | +8.7% |
| Distributable reserves | 133 | €473,549 | €514,931 | +€41,382 | +8.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €392,421 | €375,615 | -€16,807 | -4.3% |
| Amounts payable after more than one year | 17 | €297,474 | €268,099 | -€29,375 | -9.9% |
| Financial debts | 170/4 | €297,474 | €268,099 | -€29,375 | -9.9% |
| Amounts payable within one year | 42/48 | €94,947 | €107,516 | +€12,569 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €29,004 | €29,375 | +€371 | +1.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €27,490 | €45,017 | +€17,527 | +63.8% |
| Suppliers | 440/4 | €27,490 | €45,017 | +€17,527 | +63.8% |
| Taxes, remuneration and social security | 45 | €31,046 | €29,421 | -€1,625 | -5.2% |
| Taxes | 450/3 | €26,138 | €23,897 | -€2,241 | -8.6% |
| Remuneration and social security | 454/9 | €4,908 | €5,524 | +€616 | +12.6% |
| Other amounts payable | 47/48 | €7,407 | €3,702 | -€3,704 | -50.0% |
| Remuneration, social security and pensions | 62 | €36,622 | €44,802 | +€8,180 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,714 | €21,570 | -€144 | -0.7% |
| Other operating charges | 640/8 | €4,454 | €5,053 | +€599 | +13.5% |
| Gross operating margin | 9900 | €138,335 | €158,595 | +€20,260 | +14.6% |
| Operating profit (loss) | 9901 | €75,543 | €87,169 | +€11,626 | +15.4% |
| Financial income | 75/76B | €3,036 | €3,087 | +€51 | +1.7% |
| Recurring financial income | 75 | €3,036 | €3,087 | +€51 | +1.7% |
| Financial charges | 65/66B | €5,524 | €5,165 | -€360 | -6.5% |
| Recurring financial charges | 65 | €5,524 | €5,165 | -€360 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €73,055 | €85,092 | +€12,037 | +16.5% |
| Income taxes | 67/77 | €20,913 | €24,339 | +€3,426 | +16.4% |
| Profit (loss) for the period | 9904 | €52,142 | €60,752 | +€8,610 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,142 | €60,752 | +€8,610 | +16.5% |
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 29 October 2026 via checked.be.