GEIKO: 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.
What changed
GEIKO
NACE 01.471, Crop and animal production, hunting and related service activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €626,409+€487,387
Equity
€3.4m
2024 · €2.3m+€1.1m
Cash
€866,711
2024 · €540,143+€326,568
Balance sheet total
€4.8m
2024 · €3.7m+€1.0m
Largest movements
Assets
- Receivables within one year +€494,014
up €494,014 (+31.5%), from €1.6m to €2.1m
of which Trade receivables: +€575,317
- Cash +€326,568
up €326,568 (+60.5%), from €540,143 to €866,711
mainly Net result for the year (+€1.1m) and Trade debts (+€294,446)
- Current investments +€180,858
up €180,858 (+60.3%), from €300,000 to €480,858
- Stocks and contracts +€133,461
up €133,461 (+47.2%), from €282,877 to €416,338
- Tangible fixed assets -€111,797
down €111,797 (-11.3%), from €993,621 to €881,825
of which Plant, machinery and equipment: -€91,000
Equity and liabilities
- Reserves +€1.1m
up €1.1m (+51.6%), from €2.2m to €3.3m
of which Tax-exempt reserves: +€631,500
- Trade debts +€294,446
up €294,446 (+233.2%), from €126,242 to €420,688
- Debts after one year -€191,168
down €191,168 (-26.1%), from €732,108 to €540,940
- Tax, wage and social debts -€150,977
down €150,977 (-92.9%), from €162,573 to €11,596
of which Taxes: -€154,006
Income statement
- Turnover +€3.8m
new in 2025: €3.8m
- Goods and materials +€1.7m
new in 2025: €1.7m
of which Purchases: +€1.8m
- Gross operating margin -€1.1m
no longer reported in 2025 (was €1.1m)
- Services and other goods +€427,056
new in 2025: €427,056
- Taxes +€96,181
up €96,181 (+36.6%), from €262,759 to €358,940
of which Taxes: +€358,940
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
€626,409
Turnover
+€3.8m
Other operating income
+€5,837
Goods and materials
-€1.7m
Services and other goods
-€427,056
Staff costs
-€20,832
Depreciation
+€9,205
Other operating charges
-€6,106
Other operating items
-€1.1m
Financial income
+€15,963
Financial charges
-€1,189
Taxes
-€96,181
Deferred taxes and other
-€39
Result 2025
€1.1m
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.
From operations
+€756,267
Investment
-€235,469
Financing
-€194,230
Cash 2024
€540,143
From operations (derived)
+€756,267
Net result for the year
+€1.1m
Depreciation
+€166,433
Stocks and contracts
-€133,461
Receivables within one year
-€494,014
Deferred charges and accrued income
-€17,936
Provisions
-€161
Trade debts
+€294,446
Tax, wage and social debts
-€150,977
Other debts
-€10,918
Accrued charges and deferred income
-€10,940
Investment (derived)
-€235,469
Investment in fixed assets (net)
-€54,611
Current investments
-€180,858
Financing
-€194,230
Debts after one year
-€191,168
Contributions, distributions and other
-€3,063
Cash 2025
€866,711
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,716,676 | €4,757,692 | +€1.0m | +28.0% |
| Fixed assets | 21/28 | €993,646 | €881,825 | -€111,822 | -11.3% |
| Tangible fixed assets | 22/27 | €993,621 | €881,825 | -€111,797 | -11.3% |
| Land and buildings | 22 | €401,986 | €381,578 | -€20,408 | -5.1% |
| Plant, machinery and equipment | 23 | €590,980 | €499,981 | -€91,000 | -15.4% |
| Furniture and vehicles | 24 | €655 | €266 | -€388 | -59.3% |
| Financial fixed assets | 28 | €25 | €0 | -€25 | -100.0% |
| Other financial fixed assets | 284/8 | - | €0 | = | |
| Amounts receivable and cash guarantees | 285/8 | - | €0 | = | |
| Current assets | 29/58 | €2,723,030 | €3,875,867 | +€1.2m | +42.3% |
| Stocks and contracts in progress | 3 | €282,877 | €416,338 | +€133,461 | +47.2% |
| Stocks | 30/36 | €282,877 | €416,338 | +€133,461 | +47.2% |
| Raw materials and consumables | 30/31 | - | €416,338 | +€416,338 | |
| Amounts receivable within one year | 40/41 | €1,568,100 | €2,062,114 | +€494,014 | +31.5% |
| Trade receivables | 40 | €1,299,672 | €1,874,988 | +€575,317 | +44.3% |
| Other amounts receivable | 41 | €268,429 | €187,126 | -€81,303 | -30.3% |
| Current investments | 50/53 | €300,000 | €480,858 | +€180,858 | +60.3% |
| Other investments | 51/53 | - | €480,858 | +€480,858 | |
| Cash at bank and in hand | 54/58 | €540,143 | €866,711 | +€326,568 | +60.5% |
| Deferred charges and accrued income | 490/1 | €31,910 | €49,846 | +€17,936 | +56.2% |
| Total equity and liabilities | 10/49 | €3,716,676 | €4,757,692 | +€1.0m | +28.0% |
| Equity | 10/15 | €2,262,099 | €3,372,832 | +€1.1m | +49.1% |
| Contributions | 10/11 | €89,242 | €89,242 | = | 0.0% |
| Capital | 10 | €89,242 | €89,242 | = | 0.0% |
| Issued capital | 100 | €89,242 | €89,242 | = | 0.0% |
| Reserves | 13 | €2,160,484 | €3,274,280 | +€1.1m | +51.6% |
| Non-distributable reserves | 130/1 | €8,924 | €8,924 | = | 0.0% |
| Legal reserve | 130 | €8,924 | €8,924 | = | 0.0% |
| Tax-exempt reserves | 132 | €596,400 | €1,227,900 | +€631,500 | +105.9% |
| Distributable reserves | 133 | €1,555,160 | €2,037,456 | +€482,296 | +31.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €12,373 | €9,310 | -€3,063 | -24.8% |
| Provisions and deferred taxes | 16 | €651 | €490 | -€161 | -24.8% |
| Deferred taxes | 168 | €651 | €490 | -€161 | -24.8% |
| Amounts payable | 17/49 | €1,453,926 | €1,384,370 | -€69,557 | -4.8% |
| Amounts payable after more than one year | 17 | €732,108 | €540,940 | -€191,168 | -26.1% |
| Financial debts | 170/4 | €732,108 | €540,940 | -€191,168 | -26.1% |
| Credit institutions | 173 | - | €540,940 | +€540,940 | |
| Amounts payable within one year | 42/48 | €703,734 | €836,284 | +€132,551 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €191,168 | €191,168 | = | 0.0% |
| Trade debts | 44 | €126,242 | €420,688 | +€294,446 | +233.2% |
| Suppliers | 440/4 | €126,242 | €420,688 | +€294,446 | +233.2% |
| Taxes, remuneration and social security | 45 | €162,573 | €11,596 | -€150,977 | -92.9% |
| Taxes | 450/3 | €158,089 | €4,083 | -€154,006 | -97.4% |
| Remuneration and social security | 454/9 | €4,484 | €7,513 | +€3,028 | +67.5% |
| Other amounts payable | 47/48 | €223,751 | €212,833 | -€10,918 | -4.9% |
| Accrued charges and deferred income | 492/3 | €18,085 | €7,145 | -€10,940 | -60.5% |
| Operating income | 70/76A | - | €3,837,330 | +€3.8m | |
| Turnover | 70 | - | €3,831,492 | +€3.8m | |
| Other operating income | 74 | - | €5,837 | +€5,837 | |
| Operating charges | 60/66A | - | €2,385,943 | +€2.4m | |
| Goods for resale, raw materials and consumables | 60 | - | €1,678,161 | +€1.7m | |
| Purchases | 600/8 | - | €1,811,622 | +€1.8m | |
| Change in stocks: decrease (increase) | 609 | - | -€133,461 | -€133,461 | |
| Services and other goods | 61 | - | €427,056 | +€427,056 | |
| Remuneration, social security and pensions | 62 | €77,256 | €98,088 | +€20,832 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,638 | €166,433 | -€9,205 | -5.2% |
| Other operating charges | 640/8 | €10,099 | €16,205 | +€6,106 | +60.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,145,546 | - | -€1.1m | |
| Operating profit (loss) | 9901 | €882,553 | €1,451,386 | +€568,834 | +64.5% |
| Financial income | 75/76B | €22,775 | €38,739 | +€15,963 | +70.1% |
| Recurring financial income | 75 | €22,775 | €38,739 | +€15,963 | +70.1% |
| Income from current assets | 751 | - | €22,356 | +€22,356 | |
| Other financial income | 752/9 | - | €16,383 | +€16,383 | |
| Financial charges | 65/66B | €16,361 | €17,550 | +€1,189 | +7.3% |
| Recurring financial charges | 65 | €16,361 | €17,550 | +€1,189 | +7.3% |
| Debt charges | 650 | - | €17,432 | +€17,432 | |
| Other financial charges | 652/9 | - | €118 | +€118 | |
| Profit (loss) for the period before taxes | 9903 | €888,967 | €1,472,575 | +€583,608 | +65.7% |
| Transfer from deferred taxes | 780 | €201 | €161 | -€39 | -19.6% |
| Income taxes | 67/77 | €262,759 | €358,940 | +€96,181 | +36.6% |
| Taxes | 670/3 | - | €358,940 | +€358,940 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €626,409 | €1,113,796 | +€487,387 | +77.8% |
| Transfer to tax-exempt reserves | 689 | €168,400 | €631,500 | +€463,100 | +275.0% |
| Profit (loss) for the period to be appropriated | 9905 | €458,009 | €482,296 | +€24,287 | +5.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.