GEGEA: 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.
GEGEA
Largest movements
- Tangible fixed assets -€36,015
down €36,015 (-5.2%), from €694,739 to €658,723
- Profit (loss) carried forward -€38,990
down €38,990 (-24.8%), from -€157,080 to -€196,070
- Debts after one year -€15,840
down €15,840 (-2.2%), from €728,898 to €713,059
- Other debts +€10,353
up €10,353 (+22.6%), from €45,800 to €56,153
- Gross operating margin +€1,928
up €1,928 (+12.6%), from €15,301 to €17,230
- Financial charges -€1,029
down €1,029 (-5.3%), from €19,357 to €18,329
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 | €696,216 | €659,606 | -€36,610 | -5.3% |
| Fixed assets | 21/28 | €694,739 | €658,723 | -€36,015 | -5.2% |
| Tangible fixed assets | 22/27 | €694,739 | €658,723 | -€36,015 | -5.2% |
| Land and buildings | 22 | €694,739 | €658,723 | -€36,015 | -5.2% |
| Current assets | 29/58 | €1,478 | €882 | -€595 | -40.3% |
| Amounts receivable within one year | 40/41 | €400 | - | -€400 | |
| Trade receivables | 40 | €400 | - | -€400 | |
| Cash at bank and in hand | 54/58 | €714 | €485 | -€228 | -32.0% |
| Deferred charges and accrued income | 490/1 | €364 | €397 | +€33 | +9.1% |
| Total equity and liabilities | 10/49 | €696,216 | €659,606 | -€36,610 | -5.3% |
| Equity | 10/15 | -€107,080 | -€146,070 | -€38,990 | -36.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€157,080 | -€196,070 | -€38,990 | -24.8% |
| Amounts payable | 17/49 | €803,296 | €805,676 | +€2,380 | +0.3% |
| Amounts payable after more than one year | 17 | €728,898 | €713,059 | -€15,840 | -2.2% |
| Financial debts | 170/4 | €728,898 | €713,059 | -€15,840 | -2.2% |
| Amounts payable within one year | 42/48 | €66,579 | €81,259 | +€14,680 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €15,248 | €15,840 | +€592 | +3.9% |
| Trade debts | 44 | €5,530 | €9,265 | +€3,735 | +67.5% |
| Suppliers | 440/4 | €5,530 | €9,265 | +€3,735 | +67.5% |
| Other amounts payable | 47/48 | €45,800 | €56,153 | +€10,353 | +22.6% |
| Accrued charges and deferred income | 492/3 | €7,819 | €11,359 | +€3,540 | +45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,015 | €36,015 | = | 0.0% |
| Other operating charges | 640/8 | €1,805 | €1,876 | +€71 | +3.9% |
| Gross operating margin | 9900 | €15,301 | €17,230 | +€1,928 | +12.6% |
| Operating profit (loss) | 9901 | -€22,519 | -€20,662 | +€1,857 | +8.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €19,357 | €18,329 | -€1,029 | -5.3% |
| Recurring financial charges | 65 | €19,357 | €18,329 | -€1,029 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€41,876 | -€38,990 | +€2,886 | +6.9% |
| Profit (loss) for the period | 9904 | -€41,876 | -€38,990 | +€2,886 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,876 | -€38,990 | +€2,886 | +6.9% |
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 9 October 2026 via checked.be.