GEFOTECH: 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.
GEFOTECH
Largest movements
- Tangible fixed assets +€134,382
up €134,382 (+31.3%), from €428,807 to €563,189
of which Leasing and similar rights: +€149,103
- Cash +€38,524
up €38,524 (+65.6%), from €58,691 to €97,216
mainly Depreciation (+€119,517) and Other debts (+€115,852)
- Other debts +€115,852
up €115,852 (+308.3%), from €37,578 to €153,430
- Debts after one year +€84,770
up €84,770 (+37.3%), from €227,033 to €311,803
- Current portion of long-term debt +€31,868
up €31,868 (+35.4%), from €90,003 to €121,871
- Tax, wage and social debts -€30,579
down €30,579 (-31.9%), from €95,872 to €65,293
of which Remuneration and social security: -€26,648
- Trade debts -€17,219
down €17,219 (-25.9%), from €66,519 to €49,300
- Gross operating margin -€98,824
down €98,824 (-17.2%), from €574,602 to €475,778
- Staff costs -€90,349
down €90,349 (-20.9%), from €433,163 to €342,813
- Depreciation +€17,540
up €17,540 (+17.2%), from €101,978 to €119,517
- Taxes -€10,343
down €10,343 (-72.8%), from €14,212 to €3,869
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 | €754,860 | €926,820 | +€171,960 | +22.8% |
| Fixed assets | 21/28 | €430,142 | €564,524 | +€134,382 | +31.2% |
| Tangible fixed assets | 22/27 | €428,807 | €563,189 | +€134,382 | +31.3% |
| Furniture and vehicles | 24 | €71,909 | €57,189 | -€14,721 | -20.5% |
| Leasing and similar rights | 25 | €356,898 | €506,001 | +€149,103 | +41.8% |
| Financial fixed assets | 28 | €1,335 | €1,335 | = | 0.0% |
| Current assets | 29/58 | €324,718 | €362,295 | +€37,577 | +11.6% |
| Stocks and contracts in progress | 3 | €49,499 | €50,298 | +€799 | +1.6% |
| Stocks | 30/36 | €49,499 | €50,298 | +€799 | +1.6% |
| Amounts receivable within one year | 40/41 | €205,769 | €204,124 | -€1,645 | -0.8% |
| Trade receivables | 40 | €143,121 | €104,200 | -€38,921 | -27.2% |
| Other amounts receivable | 41 | €62,648 | €99,925 | +€37,276 | +59.5% |
| Current investments | 50/53 | €84 | €84 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €58,691 | €97,216 | +€38,524 | +65.6% |
| Deferred charges and accrued income | 490/1 | €10,675 | €10,574 | -€101 | -0.9% |
| Total equity and liabilities | 10/49 | €754,860 | €926,820 | +€171,960 | +22.8% |
| Equity | 10/15 | €237,855 | €225,123 | -€12,732 | -5.4% |
| Contributions | 10/11 | €53,570 | €53,570 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,608 | €160,294 | -€10,314 | -6.0% |
| Investment grants | 15 | €13,677 | €11,259 | -€2,418 | -17.7% |
| Amounts payable | 17/49 | €517,004 | €701,697 | +€184,692 | +35.7% |
| Amounts payable after more than one year | 17 | €227,033 | €311,803 | +€84,770 | +37.3% |
| Financial debts | 170/4 | €227,033 | €311,803 | +€84,770 | +37.3% |
| Amounts payable within one year | 42/48 | €289,972 | €389,893 | +€99,922 | +34.5% |
| Current portion of amounts payable after more than one year | 42 | €90,003 | €121,871 | +€31,868 | +35.4% |
| Trade debts | 44 | €66,519 | €49,300 | -€17,219 | -25.9% |
| Suppliers | 440/4 | €66,519 | €49,300 | -€17,219 | -25.9% |
| Taxes, remuneration and social security | 45 | €95,872 | €65,293 | -€30,579 | -31.9% |
| Taxes | 450/3 | €13,698 | €9,768 | -€3,930 | -28.7% |
| Remuneration and social security | 454/9 | €82,174 | €55,525 | -€26,648 | -32.4% |
| Other amounts payable | 47/48 | €37,578 | €153,430 | +€115,852 | +308.3% |
| Remuneration, social security and pensions | 62 | €433,163 | €342,813 | -€90,349 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,978 | €119,517 | +€17,540 | +17.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,618 | €416 | -€1,203 | -74.3% |
| Gross operating margin | 9900 | €574,602 | €475,778 | -€98,824 | -17.2% |
| Operating profit (loss) | 9901 | €37,843 | €13,031 | -€24,812 | -65.6% |
| Financial income | 75/76B | €2,418 | €2,418 | = | 0.0% |
| Recurring financial income | 75 | €2,418 | €2,418 | = | 0.0% |
| Financial charges | 65/66B | €7,385 | €11,259 | +€3,875 | +52.5% |
| Recurring financial charges | 65 | €7,385 | €11,259 | +€3,875 | +52.5% |
| Profit (loss) for the period before taxes | 9903 | €32,877 | €4,190 | -€28,687 | -87.3% |
| Income taxes | 67/77 | €14,212 | €3,869 | -€10,343 | -72.8% |
| Profit (loss) for the period | 9904 | €18,665 | €321 | -€18,344 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,665 | €321 | -€18,344 | -98.3% |
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 5 October 2026 via checked.be.