GEEKO: 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.
GEEKO
Largest movements
- Receivables within one year -€39,131
down €39,131 (-27.6%), from €141,810 to €102,680
of which Trade receivables: -€51,113
- Tangible fixed assets +€23,652
up €23,652 (+31.3%), from €75,471 to €99,123
of which Furniture and vehicles: +€20,187
- Other debts +€27,978
up €27,978 (+25.3%), from €110,403 to €138,381
- Debts after one year -€27,371
down €27,371 (-14.3%), from €191,651 to €164,280
- Trade debts -€9,620
down €9,620 (-38.6%), from €24,910 to €15,290
- Reserves +€9,400
up €9,400 (+5.4%), from €173,031 to €182,431
of which Distributable reserves: +€9,400
- Tax, wage and social debts -€8,261
down €8,261 (-23.6%), from €35,062 to €26,801
of which Remuneration and social security: -€16,921
- Gross operating margin -€50,406
down €50,406 (-54.8%), from €91,937 to €41,531
- Taxes -€17,314
down €17,314 (-68.5%), from €25,292 to €7,978
- Depreciation +€5,931
up €5,931 (+66.2%), from €8,957 to €14,888
- Financial charges +€2,531
up €2,531 (+41.9%), from €6,044 to €8,575
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €669,176 | €660,182 | -€8,994 | -1.3% |
| Fixed assets | 21/28 | €503,496 | €527,148 | +€23,652 | +4.7% |
| Tangible fixed assets | 22/27 | €75,471 | €99,123 | +€23,652 | +31.3% |
| Furniture and vehicles | 24 | €7,316 | €27,502 | +€20,187 | +275.9% |
| Other tangible fixed assets | 26 | €58,155 | €71,620 | +€13,465 | +23.2% |
| Assets under construction and advance payments | 27 | €10,000 | - | -€10,000 | |
| Financial fixed assets | 28 | €428,025 | €428,025 | = | 0.0% |
| Current assets | 29/58 | €165,681 | €133,034 | -€32,646 | -19.7% |
| Amounts receivable after more than one year | 29 | €3,000 | €3,000 | = | 0.0% |
| Other amounts receivable | 291 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €141,810 | €102,680 | -€39,131 | -27.6% |
| Trade receivables | 40 | €138,820 | €87,707 | -€51,113 | -36.8% |
| Other amounts receivable | 41 | €2,990 | €14,972 | +€11,982 | +400.7% |
| Cash at bank and in hand | 54/58 | €20,446 | €26,858 | +€6,412 | +31.4% |
| Deferred charges and accrued income | 490/1 | €425 | €497 | +€72 | +17.0% |
| Total equity and liabilities | 10/49 | €669,176 | €660,182 | -€8,994 | -1.3% |
| Equity | 10/15 | €252,822 | €262,266 | +€9,444 | +3.7% |
| Contributions | 10/11 | €56,285 | €56,285 | = | 0.0% |
| Reserves | 13 | €173,031 | €182,431 | +€9,400 | +5.4% |
| Non-distributable reserves | 130/1 | €4,100 | €4,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,100 | €4,100 | = | 0.0% |
| Distributable reserves | 133 | €168,931 | €178,331 | +€9,400 | +5.6% |
| Profit (loss) carried forward | 14 | €23,506 | €23,550 | +€44 | +0.2% |
| Amounts payable | 17/49 | €416,354 | €397,916 | -€18,439 | -4.4% |
| Amounts payable after more than one year | 17 | €191,651 | €164,280 | -€27,371 | -14.3% |
| Financial debts | 170/4 | €191,651 | €164,280 | -€27,371 | -14.3% |
| Amounts payable within one year | 42/48 | €224,703 | €233,636 | +€8,932 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €54,329 | €53,164 | -€1,165 | -2.1% |
| Trade debts | 44 | €24,910 | €15,290 | -€9,620 | -38.6% |
| Suppliers | 440/4 | €24,910 | €15,290 | -€9,620 | -38.6% |
| Taxes, remuneration and social security | 45 | €35,062 | €26,801 | -€8,261 | -23.6% |
| Taxes | 450/3 | €18,141 | €26,801 | +€8,660 | +47.7% |
| Remuneration and social security | 454/9 | €16,921 | - | -€16,921 | |
| Other amounts payable | 47/48 | €110,403 | €138,381 | +€27,978 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,957 | €14,888 | +€5,931 | +66.2% |
| Other operating charges | 640/8 | €390 | €655 | +€266 | +68.2% |
| Non-recurring operating charges | 66A | €2,198 | - | -€2,198 | |
| Gross operating margin | 9900 | €91,937 | €41,531 | -€50,406 | -54.8% |
| Operating profit (loss) | 9901 | €80,392 | €25,988 | -€54,405 | -67.7% |
| Financial income | 75/76B | €2 | €10 | +€8 | +402.0% |
| Recurring financial income | 75 | €2 | €10 | +€8 | +402.0% |
| Financial charges | 65/66B | €6,044 | €8,575 | +€2,531 | +41.9% |
| Recurring financial charges | 65 | €6,044 | €8,575 | +€2,531 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €74,350 | €17,422 | -€56,928 | -76.6% |
| Income taxes | 67/77 | €25,292 | €7,978 | -€17,314 | -68.5% |
| Profit (loss) for the period | 9904 | €49,058 | €9,444 | -€39,614 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,058 | €9,444 | -€39,614 | -80.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.