GEETS: 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.
GEETS
Largest movements
- Tangible fixed assets -€13,557
down €13,557 (-9.1%), from €149,767 to €136,210
- Cash +€2,058
up €2,058 (+147.6%), from €1,394 to €3,451
mainly Depreciation (+€13,557) and Net result for the year (+€10,044)
- Debts after one year -€25,015
down €25,015 (-18.9%), from €132,181 to €107,166
- Profit (loss) carried forward +€10,044
up €10,044, from -€9,292 to €753
- Gross operating margin -€2,186
down €2,186 (-6.1%), from €35,727 to €33,541
- Financial charges -€1,109
down €1,109 (-13.9%), from €7,999 to €6,891
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 | €154,328 | €141,677 | -€12,651 | -8.2% |
| Fixed assets | 21/28 | €149,767 | €136,210 | -€13,557 | -9.1% |
| Tangible fixed assets | 22/27 | €149,767 | €136,210 | -€13,557 | -9.1% |
| Land and buildings | 22 | €149,767 | €136,210 | -€13,557 | -9.1% |
| Current assets | 29/58 | €4,561 | €5,467 | +€907 | +19.9% |
| Amounts receivable within one year | 40/41 | €2,167 | €2,016 | -€151 | -7.0% |
| Trade receivables | 40 | €151 | €0 | -€151 | -100.0% |
| Other amounts receivable | 41 | €2,016 | €2,016 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,394 | €3,451 | +€2,058 | +147.6% |
| Deferred charges and accrued income | 490/1 | €1,000 | €0 | -€1,000 | -100.0% |
| Total equity and liabilities | 10/49 | €154,328 | €141,677 | -€12,651 | -8.2% |
| Equity | 10/15 | -€2,992 | €7,053 | +€10,044 | |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,292 | €753 | +€10,044 | |
| Amounts payable | 17/49 | €157,320 | €134,625 | -€22,695 | -14.4% |
| Amounts payable after more than one year | 17 | €132,181 | €107,166 | -€25,015 | -18.9% |
| Financial debts | 170/4 | €132,181 | €107,166 | -€25,015 | -18.9% |
| Amounts payable within one year | 42/48 | €25,139 | €26,459 | +€1,320 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €23,901 | €25,015 | +€1,113 | +4.7% |
| Trade debts | 44 | €64 | €20 | -€44 | -68.3% |
| Suppliers | 440/4 | €64 | €20 | -€44 | -68.3% |
| Taxes, remuneration and social security | 45 | - | €250 | +€250 | |
| Taxes | 450/3 | - | €250 | +€250 | |
| Other amounts payable | 47/48 | €1,174 | €1,174 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,557 | €13,557 | = | 0.0% |
| Other operating charges | 640/8 | €2,717 | €2,799 | +€82 | +3.0% |
| Gross operating margin | 9900 | €35,727 | €33,541 | -€2,186 | -6.1% |
| Operating profit (loss) | 9901 | €19,453 | €17,185 | -€2,268 | -11.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €7,999 | €6,891 | -€1,109 | -13.9% |
| Recurring financial charges | 65 | €7,999 | €6,891 | -€1,109 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €11,453 | €10,294 | -€1,159 | -10.1% |
| Income taxes | 67/77 | - | €250 | +€250 | |
| Profit (loss) for the period | 9904 | €11,453 | €10,044 | -€1,409 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,453 | €10,044 | -€1,409 | -12.3% |
Source: filed annual accounts (NBB), fiscal 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.