GEFIP HOLDING: 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.
GEFIP HOLDING
Largest movements
- Financial fixed assets -€164,752
down €164,752 (-4.3%), from €3.8m to €3.7m
- Tangible fixed assets -€114,900
down €114,900 (-6.1%), from €1.9m to €1.8m
of which Land and buildings: -€84,649
- Profit (loss) carried forward -€266,395
down €266,395 (-1.7%), from -€15.4m to -€15.7m
- Current portion of long-term debt +€90,587
new in 2025: €90,587
- Debts after one year -€80,619
no longer reported in 2025 (was €80,619)
- Gross operating margin +€276,372
up €276,372, from -€234,916 to €41,456
- Financial charges +€181,193
up €181,193 (+5,148%), from €3,520 to €184,713
of which Non-recurring financial charges: +€178,145
- Financial income -€41,756
down €41,756 (-60.3%), from €69,281 to €27,525
of which Non-recurring financial income: -€22,264
- Depreciation +€3,560
up €3,560 (+2.6%), from €136,460 to €140,020
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 | €5,722,744 | €5,453,467 | -€269,277 | -4.7% |
| Fixed assets | 21/28 | €5,691,961 | €5,412,309 | -€279,652 | -4.9% |
| Tangible fixed assets | 22/27 | €1,876,458 | €1,761,558 | -€114,900 | -6.1% |
| Land and buildings | 22 | €1,493,347 | €1,408,697 | -€84,649 | -5.7% |
| Plant, machinery and equipment | 23 | €22,791 | €19,488 | -€3,303 | -14.5% |
| Furniture and vehicles | 24 | €2,296 | €2,438 | +€142 | +6.2% |
| Other tangible fixed assets | 26 | €358,024 | €330,935 | -€27,089 | -7.6% |
| Financial fixed assets | 28 | €3,815,503 | €3,650,751 | -€164,752 | -4.3% |
| Current assets | 29/58 | €30,783 | €41,158 | +€10,375 | +33.7% |
| Amounts receivable within one year | 40/41 | €11,017 | €2,241 | -€8,775 | -79.7% |
| Trade receivables | 40 | €868 | €2,241 | +€1,373 | +158% |
| Other amounts receivable | 41 | €10,148 | - | -€10,148 | |
| Cash at bank and in hand | 54/58 | €3,672 | €37,118 | +€33,446 | +911% |
| Deferred charges and accrued income | 490/1 | €16,094 | €1,798 | -€14,296 | -88.8% |
| Total equity and liabilities | 10/49 | €5,722,744 | €5,453,467 | -€269,277 | -4.7% |
| Equity | 10/15 | €5,610,157 | €5,343,762 | -€266,395 | -4.7% |
| Contributions | 10/11 | €21,000,000 | €21,000,000 | = | 0.0% |
| Capital | 10 | €21,000,000 | €21,000,000 | = | 0.0% |
| Issued capital | 100 | €21,000,000 | €21,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,389,843 | -€15,656,238 | -€266,395 | -1.7% |
| Amounts payable | 17/49 | €112,587 | €109,704 | -€2,882 | -2.6% |
| Amounts payable after more than one year | 17 | €80,619 | - | -€80,619 | |
| Other amounts payable | 178/9 | €80,619 | - | -€80,619 | |
| Amounts payable within one year | 42/48 | €23,686 | €101,873 | +€78,188 | +330% |
| Current portion of amounts payable after more than one year | 42 | - | €90,587 | +€90,587 | |
| Financial debts | 43 | €651 | €996 | +€345 | +52.9% |
| Credit institutions | 430/8 | €651 | €996 | +€345 | +52.9% |
| Trade debts | 44 | €19,199 | €9,691 | -€9,509 | -49.5% |
| Suppliers | 440/4 | €19,199 | €9,691 | -€9,509 | -49.5% |
| Taxes, remuneration and social security | 45 | €3,792 | €557 | -€3,235 | -85.3% |
| Taxes | 450/3 | €3,792 | €557 | -€3,235 | -85.3% |
| Other amounts payable | 47/48 | €43 | €43 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,281 | €7,831 | -€451 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,460 | €140,020 | +€3,560 | +2.6% |
| Other operating charges | 640/8 | €12,783 | €10,643 | -€2,140 | -16.7% |
| Gross operating margin | 9900 | -€234,916 | €41,456 | +€276,372 | |
| Operating profit (loss) | 9901 | -€384,159 | -€109,207 | +€274,952 | +71.6% |
| Financial income | 75/76B | €69,281 | €27,525 | -€41,756 | -60.3% |
| Recurring financial income | 75 | €47,017 | €27,525 | -€19,492 | -41.5% |
| Non-recurring financial income | 76B | €22,264 | - | -€22,264 | |
| Financial charges | 65/66B | €3,520 | €184,713 | +€181,193 | +5,148% |
| Recurring financial charges | 65 | €3,520 | €6,568 | +€3,048 | +86.6% |
| Non-recurring financial charges | 66B | - | €178,145 | +€178,145 | |
| Profit (loss) for the period before taxes | 9903 | -€318,398 | -€266,395 | +€52,003 | +16.3% |
| Income taxes | 67/77 | €387 | - | -€387 | |
| Profit (loss) for the period | 9904 | -€318,786 | -€266,395 | +€52,391 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€318,786 | -€266,395 | +€52,391 | +16.4% |
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 29 October 2026 via checked.be.