GEGN Consult: 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.
GEGN Consult
Largest movements
- Tangible fixed assets +€166,839
up €166,839 (+68.6%), from €243,169 to €410,008
of which Land and buildings: +€173,039
- Receivables within one year -€113,579
down €113,579 (-55.0%), from €206,430 to €92,850
of which Other amounts receivable: -€199,607
- Cash +€26,428
up €26,428 (+40.0%), from €66,002 to €92,430
mainly Receivables within one year (+€113,579) and Net result for the year (+€75,751)
- Other debts +€63,053
up €63,053 (+46.2%), from €136,591 to €199,644
- Current portion of long-term debt +€22,037
up €22,037 (+544.0%), from €4,051 to €26,088
- Debts after one year -€19,356
down €19,356 (-5.2%), from €375,000 to €355,644
- Tax, wage and social debts +€16,884
up €16,884 (+3456.8%), from €488 to €17,372
- Gross operating margin +€95,785
up €95,785 (+235.3%), from €40,707 to €136,493
- Depreciation +€20,194
up €20,194 (+630.5%), from €3,203 to €23,397
- Financial charges +€10,350
up €10,350 (+157.8%), from €6,559 to €16,909
- Taxes +€9,018
up €9,018 (+103.3%), from €8,729 to €17,747
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 | €520,712 | €601,589 | +€80,877 | +15.5% |
| Fixed assets | 21/28 | €244,369 | €411,208 | +€166,839 | +68.3% |
| Tangible fixed assets | 22/27 | €243,169 | €410,008 | +€166,839 | +68.6% |
| Land and buildings | 22 | €224,829 | €397,868 | +€173,039 | +77.0% |
| Furniture and vehicles | 24 | €18,340 | €12,140 | -€6,200 | -33.8% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €276,344 | €190,381 | -€85,962 | -31.1% |
| Amounts receivable within one year | 40/41 | €206,430 | €92,850 | -€113,579 | -55.0% |
| Trade receivables | 40 | €981 | €87,009 | +€86,028 | +8765.2% |
| Other amounts receivable | 41 | €205,448 | €5,841 | -€199,607 | -97.2% |
| Cash at bank and in hand | 54/58 | €66,002 | €92,430 | +€26,428 | +40.0% |
| Deferred charges and accrued income | 490/1 | €3,912 | €5,101 | +€1,190 | +30.4% |
| Total equity and liabilities | 10/49 | €520,712 | €601,589 | +€80,877 | +15.5% |
| Equity | 10/15 | €2,136 | €2,000 | -€136 | -6.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136 | €0 | -€136 | -100.0% |
| Amounts payable | 17/49 | €518,576 | €599,589 | +€81,013 | +15.6% |
| Amounts payable after more than one year | 17 | €375,000 | €355,644 | -€19,356 | -5.2% |
| Financial debts | 170/4 | €375,000 | €355,644 | -€19,356 | -5.2% |
| Amounts payable within one year | 42/48 | €142,763 | €243,858 | +€101,094 | +70.8% |
| Current portion of amounts payable after more than one year | 42 | €4,051 | €26,088 | +€22,037 | +544.0% |
| Financial debts | 43 | €63 | €461 | +€398 | +628.1% |
| Credit institutions | 430/8 | €63 | €461 | +€398 | +628.1% |
| Trade debts | 44 | €1,570 | €294 | -€1,276 | -81.3% |
| Suppliers | 440/4 | €1,570 | €294 | -€1,276 | -81.3% |
| Taxes, remuneration and social security | 45 | €488 | €17,372 | +€16,884 | +3456.8% |
| Taxes | 450/3 | €488 | €17,372 | +€16,884 | +3456.8% |
| Other amounts payable | 47/48 | €136,591 | €199,644 | +€63,053 | +46.2% |
| Accrued charges and deferred income | 492/3 | €813 | €88 | -€725 | -89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,203 | €23,397 | +€20,194 | +630.5% |
| Other operating charges | 640/8 | €2,821 | €2,689 | -€132 | -4.7% |
| Gross operating margin | 9900 | €40,707 | €136,493 | +€95,785 | +235.3% |
| Operating profit (loss) | 9901 | €34,683 | €110,407 | +€75,724 | +218.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6,559 | €16,909 | +€10,350 | +157.8% |
| Recurring financial charges | 65 | €6,559 | €16,909 | +€10,350 | +157.8% |
| Profit (loss) for the period before taxes | 9903 | €28,124 | €93,498 | +€65,374 | +232.4% |
| Income taxes | 67/77 | €8,729 | €17,747 | +€9,018 | +103.3% |
| Profit (loss) for the period | 9904 | €19,395 | €75,751 | +€56,356 | +290.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,395 | €75,751 | +€56,356 | +290.6% |
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 7 October 2026 via checked.be.