GEGO: 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.
What changed
GEGO
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€154,324
2024 · -€159,595+€5,271
Equity
€148,654
2024 · €302,978-€154,324
Cash
€69,817
2024 · €53,120+€16,696
Balance sheet total
€7.1m
2024 · €7.5m-€397,158
Largest movements
Assets
- Stocks and contracts -€236,387
down €236,387 (-5.9%), from €4.0m to €3.8m
- Tangible fixed assets -€183,986
down €183,986 (-8.6%), from €2.1m to €2.0m
of which Land and buildings: -€200,771
Equity and liabilities
- Trade debts +€482,256
up €482,256 (+16.6%), from €2.9m to €3.4m
- Short-term financial debts -€436,947
down €436,947 (-44.2%), from €989,450 to €552,503
of which Other loans: -€411,424
- Advances received -€238,319
down €238,319 (-77.6%), from €307,279 to €68,960
- Profit (loss) carried forward -€154,324
down €154,324, from €30,295 to -€124,029
- Other debts -€148,668
down €148,668 (-42.4%), from €350,973 to €202,305
Income statement
- Turnover -€1.9m
down €1.9m (-6.6%), from €28.5m to €26.6m
- Goods and materials -€1.7m
down €1.7m (-6.7%), from €25.4m to €23.7m
of which Purchases: -€1.7m
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.
Result 2024
-€159,595
Turnover
-€1.9m
Other operating income
+€69,598
Goods and materials
+€1.7m
Services and other goods
+€36,085
Staff costs
+€84,093
Depreciation
-€35,375
Write-downs
+€11,857
Provisions
-€1,521
Other operating charges
-€4,347
Other operating items
-€8,088
Financial income
-€656
Financial charges
+€54,705
Taxes
+€319
Result 2025
-€154,324
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€431,982
Investment
-€88,911
Financing
-€326,375
Cash 2024
€53,120
From operations (derived)
+€431,982
Net result for the year
-€154,324
Depreciation
+€275,162
Stocks and contracts
+€236,387
Receivables within one year
-€16,611
Deferred charges and accrued income
+€7,827
Provisions
-€3,256
Trade debts
+€482,256
Tax, wage and social debts
-€10,680
Advances received
-€238,319
Other debts
-€148,668
Accrued charges and deferred income
+€2,208
Investment (derived)
-€88,911
Investment in fixed assets (net)
-€88,911
Financing
-€326,375
Debts after one year
+€97,958
Current portion of long-term debt
+€12,615
Short-term financial debts
-€436,947
Cash 2025
€69,817
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,521,656 | €7,124,498 | -€397,158 | -5.3% |
| Fixed assets | 21/28 | €2,154,948 | €1,968,697 | -€186,251 | -8.6% |
| Intangible fixed assets | 21 | €5,648 | €3,382 | -€2,265 | -40.1% |
| Tangible fixed assets | 22/27 | €2,149,050 | €1,965,065 | -€183,986 | -8.6% |
| Land and buildings | 22 | €2,098,422 | €1,897,650 | -€200,771 | -9.6% |
| Plant, machinery and equipment | 23 | €46,368 | €50,781 | +€4,413 | +9.5% |
| Furniture and vehicles | 24 | €4,261 | €16,633 | +€12,373 | +290% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Other financial fixed assets | 284/8 | €250 | €250 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €5,366,709 | €5,155,801 | -€210,907 | -3.9% |
| Stocks and contracts in progress | 3 | €3,997,968 | €3,761,581 | -€236,387 | -5.9% |
| Stocks | 30/36 | €3,997,968 | €3,761,581 | -€236,387 | -5.9% |
| Goods purchased for resale | 34 | €3,997,968 | €3,761,581 | -€236,387 | -5.9% |
| Amounts receivable within one year | 40/41 | €1,168,507 | €1,185,119 | +€16,611 | +1.4% |
| Trade receivables | 40 | €1,070,166 | €1,115,360 | +€45,195 | +4.2% |
| Other amounts receivable | 41 | €98,342 | €69,758 | -€28,583 | -29.1% |
| Cash at bank and in hand | 54/58 | €53,120 | €69,817 | +€16,696 | +31.4% |
| Deferred charges and accrued income | 490/1 | €147,113 | €139,285 | -€7,827 | -5.3% |
| Total equity and liabilities | 10/49 | €7,521,656 | €7,124,498 | -€397,158 | -5.3% |
| Equity | 10/15 | €302,978 | €148,654 | -€154,324 | -50.9% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €24,789 | €24,789 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,295 | -€124,029 | -€154,324 | |
| Provisions and deferred taxes | 16 | €25,468 | €22,213 | -€3,256 | -12.8% |
| Provisions for liabilities and charges | 160/5 | €25,468 | €22,213 | -€3,256 | -12.8% |
| Other liabilities and charges | 164/5 | €25,468 | €22,213 | -€3,256 | -12.8% |
| Amounts payable | 17/49 | €7,193,210 | €6,953,632 | -€239,578 | -3.3% |
| Amounts payable after more than one year | 17 | €2,171,811 | €2,269,768 | +€97,958 | +4.5% |
| Financial debts | 170/4 | €2,171,811 | €2,269,768 | +€97,958 | +4.5% |
| Credit institutions | 173 | €2,171,811 | €2,269,768 | +€97,958 | +4.5% |
| Amounts payable within one year | 42/48 | €5,012,845 | €4,673,102 | -€339,743 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €163,795 | €176,409 | +€12,615 | +7.7% |
| Financial debts | 43 | €989,450 | €552,503 | -€436,947 | -44.2% |
| Credit institutions | 430/8 | €136,781 | €111,258 | -€25,523 | -18.7% |
| Other loans | 439 | €852,669 | €441,245 | -€411,424 | -48.3% |
| Trade debts | 44 | €2,901,228 | €3,383,485 | +€482,256 | +16.6% |
| Suppliers | 440/4 | €2,901,228 | €3,383,485 | +€482,256 | +16.6% |
| Advances received on contracts in progress | 46 | €307,279 | €68,960 | -€238,319 | -77.6% |
| Taxes, remuneration and social security | 45 | €300,120 | €289,439 | -€10,680 | -3.6% |
| Taxes | 450/3 | €115,963 | €45,588 | -€70,375 | -60.7% |
| Remuneration and social security | 454/9 | €184,157 | €243,851 | +€59,695 | +32.4% |
| Other amounts payable | 47/48 | €350,973 | €202,305 | -€148,668 | -42.4% |
| Accrued charges and deferred income | 492/3 | €8,554 | €10,761 | +€2,208 | +25.8% |
| Operating income | 70/76A | €28,837,783 | €27,005,401 | -€1.8m | -6.4% |
| Turnover | 70 | €28,505,026 | €26,611,134 | -€1.9m | -6.6% |
| Other operating income | 74 | €306,179 | €375,777 | +€69,598 | +22.7% |
| Non-recurring operating income | 76A | €26,578 | €18,490 | -€8,088 | -30.4% |
| Operating charges | 60/66A | €28,709,068 | €26,925,783 | -€1.8m | -6.2% |
| Goods for resale, raw materials and consumables | 60 | €25,430,723 | €23,738,230 | -€1.7m | -6.7% |
| Purchases | 600/8 | €25,168,437 | €23,496,497 | -€1.7m | -6.6% |
| Change in stocks: decrease (increase) | 609 | €262,286 | €241,733 | -€20,553 | -7.8% |
| Services and other goods | 61 | €1,368,249 | €1,332,164 | -€36,085 | -2.6% |
| Remuneration, social security and pensions | 62 | €1,614,248 | €1,530,155 | -€84,093 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239,786 | €275,162 | +€35,375 | +14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,219 | -€4,638 | -€11,857 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€4,777 | -€3,256 | +€1,521 | +31.8% |
| Other operating charges | 640/8 | €53,619 | €57,966 | +€4,347 | +8.1% |
| Operating profit (loss) | 9901 | €128,714 | €79,619 | -€49,096 | -38.1% |
| Financial income | 75/76B | €1,617 | €961 | -€656 | -40.6% |
| Recurring financial income | 75 | €1,617 | €961 | -€656 | -40.6% |
| Other financial income | 752/9 | €1,617 | €961 | -€656 | -40.6% |
| Financial charges | 65/66B | €287,727 | €233,023 | -€54,705 | -19.0% |
| Recurring financial charges | 65 | €287,727 | €233,023 | -€54,705 | -19.0% |
| Debt charges | 650 | €266,984 | €214,372 | -€52,612 | -19.7% |
| Other financial charges | 652/9 | €20,744 | €18,651 | -€2,092 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | -€157,396 | -€152,443 | +€4,952 | +3.1% |
| Income taxes | 67/77 | €2,199 | €1,881 | -€319 | -14.5% |
| Taxes | 670/3 | €2,199 | €1,881 | -€319 | -14.5% |
| Profit (loss) for the period | 9904 | -€159,595 | -€154,324 | +€5,271 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€159,595 | -€154,324 | +€5,271 | +3.3% |
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 28 October 2026 via checked.be.