GEEVO: 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
GEEVO
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
€894,523
2024 · €724,542+€169,981
Equity
€3.1m
2024 · €4.3m-€1.3m
Cash
€919,088
2024 · €1.4m-€485,053
Balance sheet total
€8.7m
2024 · €10.9m-€2.2m
Largest movements
Assets
- Current investments -€2.5m
down €2.5m (-100.0%), from €2.5m to €0
- Receivables within one year +€714,963
up €714,963 (+46.3%), from €1.5m to €2.3m
of which Other amounts receivable: +€383,028
- Cash -€485,053
down €485,053 (-34.5%), from €1.4m to €919,088
mainly Contributions, distributions and other (-€2.2m) and Trade debts (-€739,165)
- Stocks and contracts +€136,828
up €136,828 (+10.1%), from €1.3m to €1.5m
Equity and liabilities
- Reserves -€1.3m
down €1.3m (-30.8%), from €4.1m to €2.8m
of which Distributable reserves: -€1.2m
- Trade debts -€739,165
down €739,165 (-15.0%), from €4.9m to €4.2m
- Debts after one year -€143,605
down €143,605 (-21.9%), from €655,351 to €511,746
Income statement
- Turnover +€936,883
up €936,883 (+2.2%), from €42.0m to €42.9m
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
€724,542
Turnover
+€936,883
Other operating income
+€7,020
Goods and materials
-€322,445
Services and other goods
-€257,402
Staff costs
-€227,257
Depreciation
-€9,376
Write-downs
+€56,884
Other operating charges
+€959
Other operating items
+€7,491
Financial income
-€7,908
Financial charges
-€4,682
Taxes
-€10,185
Result 2025
€894,523
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
+€42,675
Investment
+€1.8m
Financing
-€2.3m
Cash 2024
€1.4m
From operations (derived)
+€42,675
Net result for the year
+€894,523
Depreciation
+€727,829
Receivables after one year
+€2,400
Stocks and contracts
-€136,828
Receivables within one year
-€714,963
Deferred charges and accrued income
+€27,984
Provisions
-€8,497
Trade debts
-€739,165
Tax, wage and social debts
-€57,197
Advances received
+€40,569
Other debts
+€109,001
Accrued charges and deferred income
-€102,981
Investment (derived)
+€1.8m
Investment in fixed assets (net)
-€724,038
Current investments
+€2.5m
Financing
-€2.3m
Debts after one year
-€143,605
Current portion of long-term debt
+€1,142
Contributions, distributions and other
-€2.2m
Cash 2025
€919,088
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,910,106 | €8,742,670 | -€2.2m | -19.9% |
| Fixed assets | 21/28 | €3,835,701 | €3,831,910 | -€3,791 | -0.1% |
| Intangible fixed assets | 21 | €10,710 | €7,259 | -€3,451 | -32.2% |
| Tangible fixed assets | 22/27 | €2,942,988 | €2,942,647 | -€341 | 0.0% |
| Plant, machinery and equipment | 23 | €2,044,942 | €2,184,657 | +€139,715 | +6.8% |
| Furniture and vehicles | 24 | €183,873 | €179,612 | -€4,261 | -2.3% |
| Other tangible fixed assets | 26 | €714,173 | €578,378 | -€135,794 | -19.0% |
| Financial fixed assets | 28 | €882,003 | €882,003 | = | 0.0% |
| Affiliated companies | 280/1 | €870,000 | €870,000 | = | 0.0% |
| Participating interests | 280 | €870,000 | €870,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €12,003 | €12,003 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €12,003 | €12,003 | = | 0.0% |
| Current assets | 29/58 | €7,074,405 | €4,910,760 | -€2.2m | -30.6% |
| Amounts receivable after more than one year | 29 | €6,548 | €4,148 | -€2,400 | -36.7% |
| Other amounts receivable | 291 | €6,548 | €4,148 | -€2,400 | -36.7% |
| Stocks and contracts in progress | 3 | €1,348,391 | €1,485,219 | +€136,828 | +10.1% |
| Stocks | 30/36 | €1,348,391 | €1,485,219 | +€136,828 | +10.1% |
| Goods purchased for resale | 34 | €1,348,391 | €1,485,219 | +€136,828 | +10.1% |
| Amounts receivable within one year | 40/41 | €1,543,244 | €2,258,207 | +€714,963 | +46.3% |
| Trade receivables | 40 | €602,726 | €934,661 | +€331,935 | +55.1% |
| Other amounts receivable | 41 | €940,518 | €1,323,546 | +€383,028 | +40.7% |
| Current investments | 50/53 | €2,500,000 | €0 | -€2.5m | -100.0% |
| Other investments | 51/53 | €2,500,000 | €0 | -€2.5m | -100.0% |
| Cash at bank and in hand | 54/58 | €1,404,141 | €919,088 | -€485,053 | -34.5% |
| Deferred charges and accrued income | 490/1 | €272,082 | €244,098 | -€27,984 | -10.3% |
| Total equity and liabilities | 10/49 | €10,910,106 | €8,742,670 | -€2.2m | -19.9% |
| Equity | 10/15 | €4,335,377 | €3,068,673 | -€1.3m | -29.2% |
| Contributions | 10/11 | €182,741 | €182,741 | = | 0.0% |
| Capital | 10 | €181,813 | €181,813 | = | 0.0% |
| Issued capital | 100 | €181,813 | €181,813 | = | 0.0% |
| Outside capital | 11 | €928 | €928 | = | 0.0% |
| Share premium | 1100/10 | €928 | €928 | = | 0.0% |
| Reserves | 13 | €4,076,993 | €2,821,516 | -€1.3m | -30.8% |
| Non-distributable reserves | 130/1 | €109,088 | €109,088 | = | 0.0% |
| Legal reserve | 130 | €109,088 | €109,088 | = | 0.0% |
| Tax-exempt reserves | 132 | €482,493 | €457,001 | -€25,492 | -5.3% |
| Distributable reserves | 133 | €3,485,412 | €2,255,427 | -€1.2m | -35.3% |
| Investment grants | 15 | €75,642 | €64,415 | -€11,227 | -14.8% |
| Provisions and deferred taxes | 16 | €48,564 | €40,067 | -€8,497 | -17.5% |
| Deferred taxes | 168 | €48,564 | €40,067 | -€8,497 | -17.5% |
| Amounts payable | 17/49 | €6,526,165 | €5,633,930 | -€892,235 | -13.7% |
| Amounts payable after more than one year | 17 | €655,351 | €511,746 | -€143,605 | -21.9% |
| Financial debts | 170/4 | €655,351 | €511,746 | -€143,605 | -21.9% |
| Credit institutions | 173 | €655,351 | €511,746 | -€143,605 | -21.9% |
| Amounts payable within one year | 42/48 | €5,671,033 | €5,025,384 | -€645,649 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €142,463 | €143,605 | +€1,142 | +0.8% |
| Trade debts | 44 | €4,937,800 | €4,198,635 | -€739,165 | -15.0% |
| Suppliers | 440/4 | €4,937,800 | €4,198,635 | -€739,165 | -15.0% |
| Advances received on contracts in progress | 46 | €7,021 | €47,590 | +€40,569 | +577.8% |
| Taxes, remuneration and social security | 45 | €516,821 | €459,624 | -€57,197 | -11.1% |
| Taxes | 450/3 | €18,704 | €16,727 | -€1,976 | -10.6% |
| Remuneration and social security | 454/9 | €498,117 | €442,897 | -€55,220 | -11.1% |
| Other amounts payable | 47/48 | €66,929 | €175,930 | +€109,001 | +162.9% |
| Accrued charges and deferred income | 492/3 | €199,781 | €96,800 | -€102,981 | -51.5% |
| Operating income | 70/76A | €42,312,865 | €43,259,389 | +€946,524 | +2.2% |
| Turnover | 70 | €41,974,932 | €42,911,814 | +€936,883 | +2.2% |
| Other operating income | 74 | €337,314 | €344,334 | +€7,020 | +2.1% |
| Non-recurring operating income | 76A | €620 | €3,241 | +€2,621 | +422.9% |
| Operating charges | 60/66A | €41,379,744 | €42,133,512 | +€753,768 | +1.8% |
| Goods for resale, raw materials and consumables | 60 | €34,469,849 | €34,792,293 | +€322,445 | +0.9% |
| Purchases | 600/8 | €34,495,752 | €34,907,144 | +€411,392 | +1.2% |
| Change in stocks: decrease (increase) | 609 | -€25,903 | -€114,851 | -€88,948 | -343.4% |
| Services and other goods | 61 | €3,218,284 | €3,475,686 | +€257,402 | +8.0% |
| Remuneration, social security and pensions | 62 | €2,919,774 | €3,147,032 | +€227,257 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €718,453 | €727,829 | +€9,376 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €38,136 | -€18,747 | -€56,884 | |
| Other operating charges | 640/8 | €10,378 | €9,419 | -€959 | -9.2% |
| Non-recurring operating charges | 66A | €4,870 | €0 | -€4,870 | -100.0% |
| Operating profit (loss) | 9901 | €933,121 | €1,125,877 | +€192,756 | +20.7% |
| Financial income | 75/76B | €75,535 | €67,627 | -€7,908 | -10.5% |
| Recurring financial income | 75 | €75,535 | €67,627 | -€7,908 | -10.5% |
| Income from current assets | 751 | €51,279 | €39,238 | -€12,041 | -23.5% |
| Other financial income | 752/9 | €24,256 | €28,389 | +€4,133 | +17.0% |
| Financial charges | 65/66B | €41,017 | €45,699 | +€4,682 | +11.4% |
| Recurring financial charges | 65 | €41,017 | €45,699 | +€4,682 | +11.4% |
| Debt charges | 650 | €9,802 | €14,555 | +€4,754 | +48.5% |
| Other financial charges | 652/9 | €31,216 | €31,144 | -€72 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €967,638 | €1,147,804 | +€180,166 | +18.6% |
| Transfer from deferred taxes | 780 | €8,497 | €8,497 | +€0 | 0.0% |
| Income taxes | 67/77 | €251,594 | €261,779 | +€10,185 | +4.0% |
| Taxes | 670/3 | €251,995 | €261,779 | +€9,784 | +3.9% |
| Tax adjustments and reversals of tax provisions | 77 | €401 | €0 | -€401 | -100.0% |
| Profit (loss) for the period | 9904 | €724,542 | €894,523 | +€169,981 | +23.5% |
| Transfer from tax-exempt reserves | 789 | €25,492 | €25,492 | -€0 | 0.0% |
| Transfer to tax-exempt reserves | 689 | €210,500 | €0 | -€210,500 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €539,534 | €920,015 | +€380,481 | +70.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.