GEGEVE: 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.
GEGEVE
Largest movements
- Tangible fixed assets +€330,232
up €330,232 (+28.5%), from €1.2m to €1.5m
- Cash +€30,480
up €30,480 (+10.1%), from €302,518 to €332,997
mainly Trade debts (+€308,990) and Other debts (+€100,978)
- Trade debts +€308,990
up €308,990 (+29,887%), from €1,034 to €310,023
- Other debts +€100,978
up €100,978 (+5.2%), from €2.0m to €2.1m
- Profit (loss) carried forward -€49,816
down €49,816 (-9.6%), from -€516,962 to -€566,778
- Gross operating margin -€9,079
down €9,079 (-17.3%), from €52,447 to €43,368
- Financial charges -€3,961
down €3,961 (-6.3%), from €62,828 to €58,868
- Depreciation +€1,377
up €1,377 (+5.3%), from €26,172 to €27,549
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 | €1,464,686 | €1,824,838 | +€360,152 | +24.6% |
| Fixed assets | 21/28 | €1,160,744 | €1,490,976 | +€330,232 | +28.5% |
| Tangible fixed assets | 22/27 | €1,160,744 | €1,490,976 | +€330,232 | +28.5% |
| Land and buildings | 22 | €1,160,744 | €1,490,976 | +€330,232 | +28.5% |
| Current assets | 29/58 | €303,942 | €333,862 | +€29,920 | +9.8% |
| Cash at bank and in hand | 54/58 | €302,518 | €332,997 | +€30,480 | +10.1% |
| Deferred charges and accrued income | 490/1 | €1,424 | €865 | -€560 | -39.3% |
| Total equity and liabilities | 10/49 | €1,464,686 | €1,824,838 | +€360,152 | +24.6% |
| Equity | 10/15 | -€496,962 | -€546,778 | -€49,816 | -10.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€516,962 | -€566,778 | -€49,816 | -9.6% |
| Amounts payable | 17/49 | €1,961,649 | €2,371,616 | +€409,968 | +20.9% |
| Amounts payable within one year | 42/48 | €1,961,649 | €2,371,616 | +€409,968 | +20.9% |
| Trade debts | 44 | €1,034 | €310,023 | +€308,990 | +29,887% |
| Suppliers | 440/4 | €1,034 | €310,023 | +€308,990 | +29,887% |
| Other amounts payable | 47/48 | €1,960,615 | €2,061,593 | +€100,978 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,172 | €27,549 | +€1,377 | +5.3% |
| Other operating charges | 640/8 | €6,530 | €6,768 | +€238 | +3.6% |
| Gross operating margin | 9900 | €52,447 | €43,368 | -€9,079 | -17.3% |
| Operating profit (loss) | 9901 | €19,746 | €9,052 | -€10,694 | -54.2% |
| Financial charges | 65/66B | €62,828 | €58,868 | -€3,961 | -6.3% |
| Recurring financial charges | 65 | €62,828 | €58,868 | -€3,961 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€43,083 | -€49,816 | -€6,733 | -15.6% |
| Profit (loss) for the period | 9904 | -€43,083 | -€49,816 | -€6,733 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,083 | -€49,816 | -€6,733 | -15.6% |
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 19 October 2026 via checked.be.