GEFIBEL: 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.
GEFIBEL
Largest movements
- Tangible fixed assets -€69,102
down €69,102 (-100.0%), from €69,103 to €1
of which Land and buildings: -€69,102
- Receivables within one year +€3,619
up €3,619 (+27.7%), from €13,079 to €16,698
of which Trade receivables: +€4,185
- Profit (loss) carried forward -€62,720
down €62,720 (-125%), from -€50,125 to -€112,845
- Debts after one year -€11,500
down €11,500 (-57.5%), from €20,000 to €8,500
- Trade debts +€9,217
up €9,217 (+53.7%), from €17,155 to €26,372
- Contributions +€1,859
up €1,859 (+2.0%), from €91,055 to €92,914
- Reserves -€1,859
no longer reported in 2025 (was €1,859)
- Financial charges +€69,136
new in 2025: €69,136
of which Non-recurring financial charges: +€69,102
- Depreciation -€3,283
no longer reported in 2025 (was €3,283)
- Other operating charges -€2,740
no longer reported in 2025 (was €2,740)
- Gross operating margin -€1,112
down €1,112 (-14.8%), from €7,528 to €6,416
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 | €82,803 | €17,286 | -€65,517 | -79.1% |
| Fixed assets | 21/28 | €69,103 | €1 | -€69,102 | -100.0% |
| Tangible fixed assets | 22/27 | €69,103 | €1 | -€69,102 | -100.0% |
| Land and buildings | 22 | €69,102 | - | -€69,102 | |
| Plant, machinery and equipment | 23 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €13,700 | €17,285 | +€3,585 | +26.2% |
| Amounts receivable within one year | 40/41 | €13,079 | €16,698 | +€3,619 | +27.7% |
| Trade receivables | 40 | €12,513 | €16,698 | +€4,185 | +33.4% |
| Other amounts receivable | 41 | €566 | - | -€566 | |
| Cash at bank and in hand | 54/58 | €621 | €587 | -€34 | -5.5% |
| Total equity and liabilities | 10/49 | €82,803 | €17,286 | -€65,517 | -79.1% |
| Equity | 10/15 | €42,789 | -€19,931 | -€62,720 | |
| Contributions | 10/11 | €91,055 | €92,914 | +€1,859 | +2.0% |
| Capital | 10 | €91,055 | - | -€91,055 | |
| Issued capital | 100 | €91,055 | - | -€91,055 | |
| Reserves | 13 | €1,859 | - | -€1,859 | |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Profit (loss) carried forward | 14 | -€50,125 | -€112,845 | -€62,720 | -125% |
| Amounts payable | 17/49 | €40,014 | €37,217 | -€2,797 | -7.0% |
| Amounts payable after more than one year | 17 | €20,000 | €8,500 | -€11,500 | -57.5% |
| Financial debts | 170/4 | €20,000 | €8,500 | -€11,500 | -57.5% |
| Amounts payable within one year | 42/48 | €20,014 | €28,717 | +€8,703 | +43.5% |
| Trade debts | 44 | €17,155 | €26,372 | +€9,217 | +53.7% |
| Suppliers | 440/4 | €17,155 | €26,372 | +€9,217 | +53.7% |
| Taxes, remuneration and social security | 45 | €2,365 | €1,851 | -€514 | -21.7% |
| Taxes | 450/3 | €2,365 | €1,851 | -€514 | -21.7% |
| Other amounts payable | 47/48 | €494 | €494 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,283 | - | -€3,283 | |
| Other operating charges | 640/8 | €2,740 | - | -€2,740 | |
| Gross operating margin | 9900 | €7,528 | €6,416 | -€1,112 | -14.8% |
| Operating profit (loss) | 9901 | €1,505 | €6,416 | +€4,911 | +326% |
| Financial charges | 65/66B | - | €69,136 | +€69,136 | |
| Recurring financial charges | 65 | - | €34 | +€34 | |
| Non-recurring financial charges | 66B | - | €69,102 | +€69,102 | |
| Profit (loss) for the period before taxes | 9903 | €1,505 | -€62,720 | -€64,225 | |
| Profit (loss) for the period | 9904 | €1,505 | -€62,720 | -€64,225 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,505 | -€62,720 | -€64,225 |
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 23 October 2026 via checked.be.