GEEPROJECT: 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.
GEEPROJECT
Largest movements
- Current investments +€30,000
new in 2025: €30,000
- Tangible fixed assets -€10,589
down €10,589 (-28.7%), from €36,922 to €26,333
of which Furniture and vehicles: -€9,839
- Cash -€10,548
down €10,548 (-23.2%), from €45,403 to €34,855
mainly Current investments (-€30,000) and Other debts (-€9,523)
- Receivables within one year -€2,612
down €2,612 (-26.3%), from €9,917 to €7,305
of which Trade receivables: -€4,145
- Deferred charges and accrued income +€2,314
up €2,314 (+473.9%), from €488 to €2,802
- Trade debts +€14,374
up €14,374 (+111.1%), from €12,934 to €27,308
- Reserves +€10,931
up €10,931 (+40.8%), from €26,812 to €37,743
- Other debts -€9,523
down €9,523 (-25.5%), from €37,334 to €27,811
- Tax, wage and social debts -€5,906
down €5,906 (-54.4%), from €10,858 to €4,952
of which Taxes: -€7,928
- Accrued charges and deferred income -€1,312
down €1,312 (-55.0%), from €2,386 to €1,075
- Gross operating margin -€14,467
down €14,467 (-31.3%), from €46,245 to €31,778
- Taxes -€4,880
down €4,880 (-46.7%), from €10,440 to €5,560
- Depreciation +€3,248
up €3,248 (+39.1%), from €8,301 to €11,549
- Financial charges +€2,018
up €2,018 (+6488.0%), from €31 to €2,050
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,825 | €101,389 | +€8,565 | +9.2% |
| Fixed assets | 21/28 | €37,017 | €26,428 | -€10,589 | -28.6% |
| Tangible fixed assets | 22/27 | €36,922 | €26,333 | -€10,589 | -28.7% |
| Plant, machinery and equipment | 23 | €2,438 | €1,688 | -€750 | -30.8% |
| Furniture and vehicles | 24 | €34,484 | €24,645 | -€9,839 | -28.5% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €55,808 | €74,962 | +€19,154 | +34.3% |
| Amounts receivable within one year | 40/41 | €9,917 | €7,305 | -€2,612 | -26.3% |
| Trade receivables | 40 | €9,917 | €5,772 | -€4,145 | -41.8% |
| Other amounts receivable | 41 | - | €1,534 | +€1,534 | |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €45,403 | €34,855 | -€10,548 | -23.2% |
| Deferred charges and accrued income | 490/1 | €488 | €2,802 | +€2,314 | +473.9% |
| Total equity and liabilities | 10/49 | €92,825 | €101,389 | +€8,565 | +9.2% |
| Equity | 10/15 | €29,312 | €40,243 | +€10,931 | +37.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €26,812 | €37,743 | +€10,931 | +40.8% |
| Distributable reserves | 133 | €26,812 | €37,743 | +€10,931 | +40.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €63,513 | €61,146 | -€2,367 | -3.7% |
| Amounts payable within one year | 42/48 | €61,126 | €60,072 | -€1,055 | -1.7% |
| Trade debts | 44 | €12,934 | €27,308 | +€14,374 | +111.1% |
| Suppliers | 440/4 | €12,934 | €27,308 | +€14,374 | +111.1% |
| Taxes, remuneration and social security | 45 | €10,858 | €4,952 | -€5,906 | -54.4% |
| Taxes | 450/3 | €10,858 | €2,930 | -€7,928 | -73.0% |
| Remuneration and social security | 454/9 | - | €2,022 | +€2,022 | |
| Other amounts payable | 47/48 | €37,334 | €27,811 | -€9,523 | -25.5% |
| Accrued charges and deferred income | 492/3 | €2,386 | €1,075 | -€1,312 | -55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,301 | €11,549 | +€3,248 | +39.1% |
| Other operating charges | 640/8 | €661 | €867 | +€206 | +31.2% |
| Gross operating margin | 9900 | €46,245 | €31,778 | -€14,467 | -31.3% |
| Operating profit (loss) | 9901 | €37,283 | €19,362 | -€17,921 | -48.1% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €31 | €2,050 | +€2,018 | +6488.0% |
| Recurring financial charges | 65 | €31 | €2,050 | +€2,018 | +6488.0% |
| Profit (loss) for the period before taxes | 9903 | €37,252 | €17,324 | -€19,927 | -53.5% |
| Income taxes | 67/77 | €10,440 | €5,560 | -€4,880 | -46.7% |
| Profit (loss) for the period | 9904 | €26,812 | €11,764 | -€15,047 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,812 | €11,764 | -€15,047 | -56.1% |
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 9 October 2026 via checked.be.