GEGIR: 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.
GEGIR
Largest movements
- Financial fixed assets -€500,000
no longer reported in 2025 (was €500,000)
- Receivables within one year +€41,805
up €41,805 (+26.6%), from €157,284 to €199,089
of which Other amounts receivable: +€80,983
- Tangible fixed assets +€30,534
up €30,534 (+15.2%), from €200,328 to €230,862
of which Furniture and vehicles: +€36,873
- Stocks and contracts +€13,239
up €13,239 (+18.5%), from €71,454 to €84,693
- Short-term financial debts -€500,000
down €500,000 (-87.0%), from €575,000 to €75,000
of which Other loans: -€500,000
- Other debts +€178,754
new in 2025: €178,754
- Trade debts -€41,611
down €41,611 (-58.6%), from €70,999 to €29,388
- Debts after one year -€26,291
down €26,291 (-20.8%), from €126,302 to €100,011
- Tax, wage and social debts -€19,644
down €19,644 (-54.2%), from €36,219 to €16,575
- Gross operating margin +€52,692
up €52,692, from -€766 to €51,926
- Financial charges +€6,211
up €6,211 (+40.2%), from €15,453 to €21,664
- Financial income +€3,691
new in 2025: €3,691
- Taxes -€1,285
down €1,285 (-9.6%), from €13,400 to €12,115
- Other operating charges -€767
down €767 (-6.4%), from €11,901 to €11,134
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 | €935,387 | €526,973 | -€408,414 | -43.7% |
| Fixed assets | 21/28 | €700,328 | €230,862 | -€469,466 | -67.0% |
| Tangible fixed assets | 22/27 | €200,328 | €230,862 | +€30,534 | +15.2% |
| Land and buildings | 22 | €200,328 | €193,989 | -€6,339 | -3.2% |
| Furniture and vehicles | 24 | - | €36,873 | +€36,873 | |
| Financial fixed assets | 28 | €500,000 | - | -€500,000 | |
| Current assets | 29/58 | €235,059 | €296,111 | +€61,052 | +26.0% |
| Stocks and contracts in progress | 3 | €71,454 | €84,693 | +€13,239 | +18.5% |
| Stocks | 30/36 | €71,454 | €84,693 | +€13,239 | +18.5% |
| Amounts receivable within one year | 40/41 | €157,284 | €199,089 | +€41,805 | +26.6% |
| Trade receivables | 40 | €104,310 | €65,132 | -€39,178 | -37.6% |
| Other amounts receivable | 41 | €52,974 | €133,957 | +€80,983 | +152.9% |
| Cash at bank and in hand | 54/58 | €2,085 | €6,127 | +€4,042 | +193.9% |
| Deferred charges and accrued income | 490/1 | €4,236 | €6,202 | +€1,966 | +46.4% |
| Total equity and liabilities | 10/49 | €935,387 | €526,973 | -€408,414 | -43.7% |
| Equity | 10/15 | €95,232 | €99,597 | +€4,365 | +4.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,232 | €66,597 | +€4,365 | +7.0% |
| Amounts payable | 17/49 | €840,155 | €427,376 | -€412,779 | -49.1% |
| Amounts payable after more than one year | 17 | €126,302 | €100,011 | -€26,291 | -20.8% |
| Financial debts | 170/4 | €126,302 | €100,011 | -€26,291 | -20.8% |
| Amounts payable within one year | 42/48 | €712,628 | €326,009 | -€386,619 | -54.3% |
| Current portion of amounts payable after more than one year | 42 | €30,410 | €26,292 | -€4,118 | -13.5% |
| Financial debts | 43 | €575,000 | €75,000 | -€500,000 | -87.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Other loans | 439 | €500,000 | - | -€500,000 | |
| Trade debts | 44 | €70,999 | €29,388 | -€41,611 | -58.6% |
| Suppliers | 440/4 | €70,999 | €29,388 | -€41,611 | -58.6% |
| Taxes, remuneration and social security | 45 | €36,219 | €16,575 | -€19,644 | -54.2% |
| Taxes | 450/3 | €36,219 | €16,575 | -€19,644 | -54.2% |
| Other amounts payable | 47/48 | - | €178,754 | +€178,754 | |
| Accrued charges and deferred income | 492/3 | €1,225 | €1,356 | +€131 | +10.7% |
| Non-recurring operating income | 76A | €450 | - | -€450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,339 | €6,339 | = | 0.0% |
| Other operating charges | 640/8 | €11,901 | €11,134 | -€767 | -6.4% |
| Gross operating margin | 9900 | -€766 | €51,926 | +€52,692 | |
| Operating profit (loss) | 9901 | -€19,006 | €34,453 | +€53,459 | |
| Financial income | 75/76B | - | €3,691 | +€3,691 | |
| Recurring financial income | 75 | - | €3,691 | +€3,691 | |
| Financial charges | 65/66B | €15,453 | €21,664 | +€6,211 | +40.2% |
| Recurring financial charges | 65 | €15,453 | €21,664 | +€6,211 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | -€34,459 | €16,480 | +€50,939 | |
| Transfer from deferred taxes | 780 | €12,611 | - | -€12,611 | |
| Income taxes | 67/77 | €13,400 | €12,115 | -€1,285 | -9.6% |
| Profit (loss) for the period | 9904 | -€35,248 | €4,365 | +€39,613 | |
| Transfer from tax-exempt reserves | 789 | €37,832 | - | -€37,832 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,584 | €4,365 | +€1,781 | +68.9% |
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.