GEEPATO: 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.
GEEPATO
Largest movements
- Cash +€59,235
up €59,235 (+56.7%), from €104,404 to €163,640
mainly Net result for the year (+€55,603) and Depreciation (+€32,438)
- Tangible fixed assets -€27,969
down €27,969 (-7.2%), from €386,419 to €358,451
of which Land and buildings: -€14,349
- Reserves +€55,603
up €55,603 (+2,989%), from €1,860 to €57,463
- Debts after one year -€24,387
down €24,387 (-7.7%), from €315,667 to €291,280
- Trade debts -€8,936
down €8,936 (-52.6%), from €17,000 to €8,064
- Staff costs -€41,694
down €41,694 (-88.1%), from €47,334 to €5,641
- Gross operating margin -€26,557
down €26,557 (-16.0%), from €166,330 to €139,772
- Taxes +€8,660
up €8,660 (+44.2%), from €19,607 to €28,267
- Depreciation +€5,844
up €5,844 (+22.0%), from €26,593 to €32,438
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 | €505,238 | €532,446 | +€27,208 | +5.4% |
| Fixed assets | 21/28 | €386,584 | €358,616 | -€27,969 | -7.2% |
| Tangible fixed assets | 22/27 | €386,419 | €358,451 | -€27,969 | -7.2% |
| Land and buildings | 22 | €328,418 | €314,069 | -€14,349 | -4.4% |
| Plant, machinery and equipment | 23 | €23,628 | €18,360 | -€5,268 | -22.3% |
| Furniture and vehicles | 24 | €34,373 | €26,022 | -€8,351 | -24.3% |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €118,654 | €173,830 | +€55,177 | +46.5% |
| Amounts receivable within one year | 40/41 | €13,212 | €8,683 | -€4,529 | -34.3% |
| Trade receivables | 40 | €328 | €363 | +€36 | +10.8% |
| Other amounts receivable | 41 | €12,884 | €8,320 | -€4,565 | -35.4% |
| Cash at bank and in hand | 54/58 | €104,404 | €163,640 | +€59,235 | +56.7% |
| Deferred charges and accrued income | 490/1 | €1,038 | €1,508 | +€470 | +45.3% |
| Total equity and liabilities | 10/49 | €505,238 | €532,446 | +€27,208 | +5.4% |
| Equity | 10/15 | €142,344 | €197,948 | +€55,603 | +39.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €57,463 | +€55,603 | +2,989% |
| Distributable reserves | 133 | €1,860 | €57,463 | +€55,603 | +2,989% |
| Profit (loss) carried forward | 14 | €121,884 | €121,884 | = | 0.0% |
| Amounts payable | 17/49 | €362,894 | €334,498 | -€28,395 | -7.8% |
| Amounts payable after more than one year | 17 | €315,667 | €291,280 | -€24,387 | -7.7% |
| Financial debts | 170/4 | €315,667 | €291,280 | -€24,387 | -7.7% |
| Amounts payable within one year | 42/48 | €47,227 | €43,218 | -€4,009 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €23,808 | €24,387 | +€578 | +2.4% |
| Trade debts | 44 | €17,000 | €8,064 | -€8,936 | -52.6% |
| Suppliers | 440/4 | €17,000 | €8,064 | -€8,936 | -52.6% |
| Taxes, remuneration and social security | 45 | €6,372 | €10,767 | +€4,395 | +69.0% |
| Taxes | 450/3 | €3,753 | €10,767 | +€7,013 | +187% |
| Remuneration and social security | 454/9 | €2,619 | - | -€2,619 | |
| Other amounts payable | 47/48 | €46 | - | -€46 | |
| Remuneration, social security and pensions | 62 | €47,334 | €5,641 | -€41,694 | -88.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,593 | €32,438 | +€5,844 | +22.0% |
| Other operating charges | 640/8 | €5,576 | €5,418 | -€158 | -2.8% |
| Gross operating margin | 9900 | €166,330 | €139,772 | -€26,557 | -16.0% |
| Operating profit (loss) | 9901 | €86,826 | €96,276 | +€9,450 | +10.9% |
| Financial income | 75/76B | €155 | €43 | -€112 | -72.3% |
| Recurring financial income | 75 | €155 | €43 | -€112 | -72.3% |
| Financial charges | 65/66B | €12,778 | €12,449 | -€329 | -2.6% |
| Recurring financial charges | 65 | €12,778 | €12,449 | -€329 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €74,203 | €83,870 | +€9,667 | +13.0% |
| Income taxes | 67/77 | €19,607 | €28,267 | +€8,660 | +44.2% |
| Profit (loss) for the period | 9904 | €54,597 | €55,603 | +€1,007 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,597 | €55,603 | +€1,007 | +1.8% |
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 18 October 2026 via checked.be.