GEEFI: what changed
Two fiscal 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.
What changed
GEEFI
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€936,560
2024 · €1.1m-€138,521
Equity
€3.6m
2024 · €3.4m+€148,831
Cash
€2.2m
2024 · €1.3m+€914,198
Balance sheet total
€8.0m
2024 · €7.8m+€202,120
Largest movements
Assets
- Cash +€914,198
up €914,198 (+70.7%), from €1.3m to €2.2m
mainly Depreciation (+€1.1m) and Net result for the year (+€936,560)
- Tangible fixed assets -€660,239
down €660,239 (-14.5%), from €4.5m to €3.9m
of which Other tangible fixed assets: -€657,580
- Receivables within one year -€145,656
down €145,656 (-18.6%), from €783,796 to €638,140
of which Other amounts receivable: -€130,228
Equity and liabilities
- Other debts -€204,401
down €204,401 (-19.7%), from €1.0m to €831,881
- Trade debts +€200,763
up €200,763 (+6.8%), from €3.0m to €3.2m
- Profit (loss) carried forward +€136,560
up €136,560 (+6.3%), from €2.2m to €2.3m
- Short-term financial debts +€117,287
new in 2025: €117,287
Income statement
- Turnover +€2.4m
up €2.4m (+5.8%), from €40.4m to €42.8m
- Goods and materials +€1.8m
up €1.8m (+5.7%), from €31.3m to €33.1m
of which Purchases: +€1.9m
- Services and other goods +€597,754
up €597,754 (+15.6%), from €3.8m to €4.4m
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.
Result 2024
€1.1m
Turnover
+€2.4m
Other operating income
+€40,116
Goods and materials
-€1.8m
Services and other goods
-€597,754
Staff costs
-€63,328
Depreciation
-€89,584
Other operating charges
-€22,757
Other operating items
-€24,081
Financial income
+€3,779
Financial charges
-€1,860
Taxes
+€40,593
Result 2025
€936,560
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.
From operations
+€2.0m
Investment
-€427,937
Financing
-€670,443
Cash 2024
€1.3m
From operations (derived)
+€2.0m
Net result for the year
+€936,560
Depreciation
+€1.1m
Stocks and contracts
-€33,786
Receivables within one year
+€145,656
Deferred charges and accrued income
-€60,032
Trade debts
+€200,763
Tax, wage and social debts
-€58,282
Other debts
-€204,401
Accrued charges and deferred income
-€2,077
Investment (derived)
-€427,937
Investment in fixed assets (net)
-€427,937
Financing
-€670,443
Short-term financial debts
+€117,287
Contributions, distributions and other
-€787,729
Cash 2025
€2.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,843,782 | €8,045,902 | +€202,120 | +2.6% |
| Fixed assets | 21/28 | €4,551,351 | €3,891,111 | -€660,239 | -14.5% |
| Tangible fixed assets | 22/27 | €4,540,821 | €3,880,581 | -€660,239 | -14.5% |
| Plant, machinery and equipment | 23 | €477,260 | €538,302 | +€61,043 | +12.8% |
| Furniture and vehicles | 24 | €328,528 | €264,826 | -€63,702 | -19.4% |
| Other tangible fixed assets | 26 | €3,735,033 | €3,077,453 | -€657,580 | -17.6% |
| Financial fixed assets | 28 | €10,530 | €10,530 | = | 0.0% |
| Other financial fixed assets | 284/8 | €10,530 | €10,530 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €10,530 | €10,530 | = | 0.0% |
| Current assets | 29/58 | €3,292,431 | €4,154,791 | +€862,360 | +26.2% |
| Stocks and contracts in progress | 3 | €1,150,885 | €1,184,670 | +€33,786 | +2.9% |
| Stocks | 30/36 | €1,150,885 | €1,184,670 | +€33,786 | +2.9% |
| Goods purchased for resale | 34 | €1,150,885 | €1,184,670 | +€33,786 | +2.9% |
| Amounts receivable within one year | 40/41 | €783,796 | €638,140 | -€145,656 | -18.6% |
| Trade receivables | 40 | €259,572 | €244,144 | -€15,428 | -5.9% |
| Other amounts receivable | 41 | €524,224 | €393,996 | -€130,228 | -24.8% |
| Cash at bank and in hand | 54/58 | €1,292,961 | €2,207,159 | +€914,198 | +70.7% |
| Deferred charges and accrued income | 490/1 | €64,789 | €124,821 | +€60,032 | +92.7% |
| Total equity and liabilities | 10/49 | €7,843,782 | €8,045,902 | +€202,120 | +2.6% |
| Equity | 10/15 | €3,414,099 | €3,562,930 | +€148,831 | +4.4% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Capital | 10 | €175,000 | €175,000 | = | 0.0% |
| Issued capital | 100 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €1,040,600 | €1,040,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,500 | €17,500 | = | 0.0% |
| Legal reserve | 130 | €17,500 | €17,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €463,100 | - | -€463,100 | |
| Distributable reserves | 133 | €560,000 | €1,023,100 | +€463,100 | +82.7% |
| Profit (loss) carried forward | 14 | €2,174,645 | €2,311,206 | +€136,560 | +6.3% |
| Investment grants | 15 | €23,854 | €36,125 | +€12,271 | +51.4% |
| Amounts payable | 17/49 | €4,429,682 | €4,482,972 | +€53,289 | +1.2% |
| Amounts payable within one year | 42/48 | €4,414,203 | €4,469,570 | +€55,367 | +1.3% |
| Financial debts | 43 | - | €117,287 | +€117,287 | |
| Credit institutions | 430/8 | - | €117,287 | +€117,287 | |
| Trade debts | 44 | €2,952,476 | €3,153,239 | +€200,763 | +6.8% |
| Suppliers | 440/4 | €2,952,476 | €3,153,239 | +€200,763 | +6.8% |
| Taxes, remuneration and social security | 45 | €425,446 | €367,164 | -€58,282 | -13.7% |
| Taxes | 450/3 | €110,710 | €70,604 | -€40,106 | -36.2% |
| Remuneration and social security | 454/9 | €314,736 | €296,560 | -€18,176 | -5.8% |
| Other amounts payable | 47/48 | €1,036,281 | €831,881 | -€204,401 | -19.7% |
| Accrued charges and deferred income | 492/3 | €15,479 | €13,402 | -€2,077 | -13.4% |
| Operating income | 70/76A | €40,577,860 | €42,957,456 | +€2.4m | +5.9% |
| Turnover | 70 | €40,448,272 | €42,811,833 | +€2.4m | +5.8% |
| Other operating income | 74 | €105,507 | €145,622 | +€40,116 | +38.0% |
| Non-recurring operating income | 76A | €24,081 | - | -€24,081 | |
| Operating charges | 60/66A | €39,135,748 | €41,696,377 | +€2.6m | +6.5% |
| Goods for resale, raw materials and consumables | 60 | €31,347,842 | €33,135,048 | +€1.8m | +5.7% |
| Purchases | 600/8 | €31,245,014 | €33,168,833 | +€1.9m | +6.2% |
| Change in stocks: decrease (increase) | 609 | €102,828 | -€33,786 | -€136,614 | |
| Services and other goods | 61 | €3,841,799 | €4,439,553 | +€597,754 | +15.6% |
| Remuneration, social security and pensions | 62 | €2,934,595 | €2,997,923 | +€63,328 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €998,592 | €1,088,177 | +€89,584 | +9.0% |
| Other operating charges | 640/8 | €12,919 | €35,676 | +€22,757 | +176.1% |
| Operating profit (loss) | 9901 | €1,442,112 | €1,261,078 | -€181,034 | -12.6% |
| Financial income | 75/76B | €19,361 | €23,140 | +€3,779 | +19.5% |
| Recurring financial income | 75 | €19,361 | €23,140 | +€3,779 | +19.5% |
| Income from current assets | 751 | €5,882 | €8,988 | +€3,106 | +52.8% |
| Other financial income | 752/9 | €13,478 | €14,152 | +€674 | +5.0% |
| Financial charges | 65/66B | €16,393 | €18,253 | +€1,860 | +11.3% |
| Recurring financial charges | 65 | €16,393 | €18,253 | +€1,860 | +11.3% |
| Debt charges | 650 | €7,635 | €7,727 | +€91 | +1.2% |
| Other financial charges | 652/9 | €8,758 | €10,526 | +€1,768 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €1,445,079 | €1,265,965 | -€179,114 | -12.4% |
| Income taxes | 67/77 | €369,998 | €329,405 | -€40,593 | -11.0% |
| Taxes | 670/3 | €370,000 | €329,500 | -€40,500 | -10.9% |
| Tax adjustments and reversals of tax provisions | 77 | €2 | €95 | +€93 | +4265.6% |
| Profit (loss) for the period | 9904 | €1,075,082 | €936,560 | -€138,521 | -12.9% |
| Transfer from tax-exempt reserves | 789 | - | €463,100 | +€463,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,075,082 | €1,399,660 | +€324,579 | +30.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.