GEFISO: 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.
GEFISO
Largest movements
- Financial fixed assets +€449,731
up €449,731 (+16.4%), from €2.7m to €3.2m
of which Other financial fixed assets: +€449,731
- Other debts +€421,106
up €421,106 (+17.4%), from €2.4m to €2.8m
- Financial income +€4,465
up €4,465 (+724%), from €617 to €5,082
- Services and other goods -€2,206
down €2,206 (-26.2%), from €8,411 to €6,205
- Taxes +€2,160
up €2,160 (+55.7%), from €3,878 to €6,038
of which Taxes: +€2,000
- Financial charges -€2,011
down €2,011 (-1.7%), from €119,366 to €117,355
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 | €2,870,952 | €3,310,123 | +€439,171 | +15.3% |
| Fixed assets | 21/28 | €2,743,818 | €3,193,549 | +€449,731 | +16.4% |
| Financial fixed assets | 28 | €2,743,818 | €3,193,549 | +€449,731 | +16.4% |
| Affiliated companies | 280/1 | €2,743,433 | €2,743,433 | = | 0.0% |
| Participating interests | 280 | €2,743,433 | €2,743,433 | = | 0.0% |
| Other financial fixed assets | 284/8 | €385 | €450,116 | +€449,731 | +116,674% |
| Shares | 284 | €385 | €450,116 | +€449,731 | +116,674% |
| Current assets | 29/58 | €127,134 | €116,574 | -€10,560 | -8.3% |
| Amounts receivable within one year | 40/41 | €33,480 | €28,085 | -€5,396 | -16.1% |
| Trade receivables | 40 | - | €24,000 | +€24,000 | |
| Other amounts receivable | 41 | €33,480 | €4,085 | -€29,396 | -87.8% |
| Cash at bank and in hand | 54/58 | €93,654 | €88,490 | -€5,164 | -5.5% |
| Total equity and liabilities | 10/49 | €2,870,952 | €3,310,123 | +€439,171 | +15.3% |
| Equity | 10/15 | €456,035 | €474,148 | +€18,113 | +4.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Revaluation surpluses | 12 | €30,678 | €30,678 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €260,357 | €278,470 | +€18,113 | +7.0% |
| Amounts payable | 17/49 | €2,414,917 | €2,835,975 | +€421,058 | +17.4% |
| Amounts payable within one year | 42/48 | €2,414,917 | €2,835,975 | +€421,058 | +17.4% |
| Trade debts | 44 | €49 | - | -€49 | |
| Suppliers | 440/4 | €49 | - | -€49 | |
| Other amounts payable | 47/48 | €2,414,868 | €2,835,975 | +€421,106 | +17.4% |
| Operating income | 70/76A | €144,000 | €144,000 | = | 0.0% |
| Turnover | 70 | €144,000 | €144,000 | = | 0.0% |
| Operating charges | 60/66A | €9,740 | €7,576 | -€2,164 | -22.2% |
| Services and other goods | 61 | €8,411 | €6,205 | -€2,206 | -26.2% |
| Other operating charges | 640/8 | €1,328 | €1,371 | +€42 | +3.2% |
| Operating profit (loss) | 9901 | €134,260 | €136,424 | +€2,164 | +1.6% |
| Financial income | 75/76B | €617 | €5,082 | +€4,465 | +724% |
| Recurring financial income | 75 | €617 | €5,082 | +€4,465 | +724% |
| Income from financial fixed assets | 750 | €617 | €4,618 | +€4,001 | +649% |
| Other financial income | 752/9 | - | €464 | +€464 | |
| Financial charges | 65/66B | €119,366 | €117,355 | -€2,011 | -1.7% |
| Recurring financial charges | 65 | €119,366 | €117,355 | -€2,011 | -1.7% |
| Debt charges | 650 | €119,366 | €117,355 | -€2,011 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €15,511 | €24,151 | +€8,640 | +55.7% |
| Income taxes | 67/77 | €3,878 | €6,038 | +€2,160 | +55.7% |
| Taxes | 670/3 | €6,000 | €8,000 | +€2,000 | +33.3% |
| Tax adjustments and reversals of tax provisions | 77 | €2,122 | €1,962 | -€160 | -7.5% |
| Profit (loss) for the period | 9904 | €11,633 | €18,113 | +€6,480 | +55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,633 | €18,113 | +€6,480 | +55.7% |
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 16 October 2026 via checked.be.