GEFI: 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.
GEFI
Largest movements
- Receivables within one year -€17,786
down €17,786 (-28.7%), from €61,996 to €44,210
of which Trade receivables: -€17,125
- Deferred charges and accrued income +€4,000
new in 2025: €4,000
- Profit (loss) carried forward -€8,078
down €8,078 (-57.5%), from -€14,047 to -€22,124
- Trade debts -€4,701
down €4,701 (-19.8%), from €23,700 to €18,999
- Other debts -€888
down €888 (-3.3%), from €27,087 to €26,199
- Gross operating margin -€8,350
down €8,350, from €4,364 to -€3,986
- Financial charges -€369
down €369 (-16.8%), from €2,197 to €1,829
- Depreciation +€299
up €299 (+27.8%), from €1,076 to €1,375
- Other operating charges +€238
up €238 (+56.2%), from €424 to €663
- Financial income -€53
down €53 (-60.2%), from €88 to €35
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,958 | €55,053 | -€13,905 | -20.2% |
| Fixed assets | 21/28 | €1,962 | €1,843 | -€119 | -6.1% |
| Tangible fixed assets | 22/27 | €1,962 | €1,843 | -€119 | -6.1% |
| Plant, machinery and equipment | 23 | €720 | €1,437 | +€717 | +99.6% |
| Furniture and vehicles | 24 | €1,242 | €406 | -€836 | -67.3% |
| Current assets | 29/58 | €66,996 | €53,210 | -€13,786 | -20.6% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €61,996 | €44,210 | -€17,786 | -28.7% |
| Trade receivables | 40 | €60,423 | €43,298 | -€17,125 | -28.3% |
| Other amounts receivable | 41 | €1,573 | €912 | -€661 | -42.0% |
| Deferred charges and accrued income | 490/1 | - | €4,000 | +€4,000 | |
| Total equity and liabilities | 10/49 | €68,958 | €55,053 | -€13,905 | -20.2% |
| Equity | 10/15 | €8,264 | €186 | -€8,078 | -97.7% |
| Contributions | 10/11 | €22,310 | €22,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,047 | -€22,124 | -€8,078 | -57.5% |
| Amounts payable | 17/49 | €60,695 | €54,867 | -€5,828 | -9.6% |
| Amounts payable within one year | 42/48 | €60,695 | €54,867 | -€5,828 | -9.6% |
| Financial debts | 43 | €9,908 | €9,669 | -€239 | -2.4% |
| Credit institutions | 430/8 | €9,908 | €9,669 | -€239 | -2.4% |
| Trade debts | 44 | €23,700 | €18,999 | -€4,701 | -19.8% |
| Suppliers | 440/4 | €23,700 | €18,999 | -€4,701 | -19.8% |
| Other amounts payable | 47/48 | €27,087 | €26,199 | -€888 | -3.3% |
| Remuneration, social security and pensions | 62 | €235 | €260 | +€24 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,076 | €1,375 | +€299 | +27.8% |
| Other operating charges | 640/8 | €424 | €663 | +€238 | +56.2% |
| Gross operating margin | 9900 | €4,364 | -€3,986 | -€8,350 | |
| Operating profit (loss) | 9901 | €2,628 | -€6,284 | -€8,912 | |
| Financial income | 75/76B | €88 | €35 | -€53 | -60.2% |
| Recurring financial income | 75 | €88 | €35 | -€53 | -60.2% |
| Financial charges | 65/66B | €2,197 | €1,829 | -€369 | -16.8% |
| Recurring financial charges | 65 | €2,197 | €1,829 | -€369 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €519 | -€8,078 | -€8,596 | |
| Profit (loss) for the period | 9904 | €519 | -€8,078 | -€8,596 | |
| Profit (loss) for the period to be appropriated | 9905 | €519 | -€8,078 | -€8,596 |
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 14 October 2026 via checked.be.