Gefim: 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.
Gefim
Largest movements
- Cash -€19,817
down €19,817 (-17.0%), from €116,308 to €96,490
mainly Tax, wage and social debts (-€19,300) and Net result for the year (-€950)
- Tax, wage and social debts -€19,300
down €19,300 (-66.6%), from €28,970 to €9,671
of which Taxes: -€19,300
- Gross operating margin -€157,728
down €157,728 (-99.4%), from €158,720 to €992
- Taxes -€45,936
down €45,936 (-100.0%), from €45,936 to €0
- Write-downs -€13,297
down €13,297 (-100.0%), from €13,297 to €0
- Staff costs -€4,863
down €4,863, from €4,830 to -€34
- Financial income -€2,134
down €2,134 (-88.9%), from €2,400 to €266
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 | €251,037 | €230,233 | -€20,803 | -8.3% |
| Fixed assets | 21/28 | €3,047 | €1,795 | -€1,252 | -41.1% |
| Tangible fixed assets | 22/27 | €3,047 | €1,795 | -€1,252 | -41.1% |
| Furniture and vehicles | 24 | €3,047 | €1,795 | -€1,252 | -41.1% |
| Current assets | 29/58 | €247,990 | €228,438 | -€19,552 | -7.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €131,682 | €131,948 | +€266 | +0.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €131,682 | €131,948 | +€266 | +0.2% |
| Cash at bank and in hand | 54/58 | €116,308 | €96,490 | -€19,817 | -17.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €251,037 | €230,233 | -€20,803 | -8.3% |
| Equity | 10/15 | €217,431 | €216,481 | -€950 | -0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €198,820 | €197,820 | -€1,000 | -0.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €196,960 | €195,960 | -€1,000 | -0.5% |
| Profit (loss) carried forward | 14 | €11 | €61 | +€50 | +443.6% |
| Amounts payable | 17/49 | €33,606 | €13,753 | -€19,853 | -59.1% |
| Amounts payable within one year | 42/48 | €33,606 | €13,753 | -€19,853 | -59.1% |
| Trade debts | 44 | €2,838 | €2,284 | -€553 | -19.5% |
| Suppliers | 440/4 | €2,838 | €2,284 | -€553 | -19.5% |
| Taxes, remuneration and social security | 45 | €28,970 | €9,671 | -€19,300 | -66.6% |
| Taxes | 450/3 | €28,970 | €9,671 | -€19,300 | -66.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,798 | €1,798 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €123,239 | €0 | -€123,239 | -100.0% |
| Remuneration, social security and pensions | 62 | €4,830 | -€34 | -€4,863 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €708 | €1,252 | +€544 | +76.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,297 | €0 | -€13,297 | -100.0% |
| Other operating charges | 640/8 | €754 | €776 | +€21 | +2.8% |
| Gross operating margin | 9900 | €158,720 | €992 | -€157,728 | -99.4% |
| Operating profit (loss) | 9901 | €139,131 | -€1,002 | -€140,132 | |
| Financial income | 75/76B | €2,400 | €266 | -€2,134 | -88.9% |
| Recurring financial income | 75 | €2,400 | €266 | -€2,134 | -88.9% |
| Financial charges | 65/66B | €804 | €214 | -€589 | -73.3% |
| Recurring financial charges | 65 | €804 | €214 | -€589 | -73.3% |
| Profit (loss) for the period before taxes | 9903 | €140,727 | -€950 | -€141,677 | |
| Income taxes | 67/77 | €45,936 | €0 | -€45,936 | -100.0% |
| Profit (loss) for the period | 9904 | €94,791 | -€950 | -€95,742 | |
| Profit (loss) for the period to be appropriated | 9905 | €94,791 | -€950 | -€95,742 |
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 3 October 2026 via checked.be.