GEJA: 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.
GEJA
Largest movements
- Tangible fixed assets -€12,816
down €12,816 (-20.4%), from €62,692 to €49,876
of which Land and buildings: -€13,656
- Current investments +€5,503
up €5,503 (+219.8%), from €2,503 to €8,006
- Investment grants -€14,134
no longer reported in 2025 (was €14,134)
- Profit (loss) carried forward +€13,843
up €13,843 (+68.4%), from -€20,248 to -€6,405
- Debts after one year -€11,502
down €11,502 (-40.0%), from €28,737 to €17,235
of which Financial debts: -€13,828
- Other debts +€3,648
up €3,648 (+46.6%), from €7,833 to €11,481
- Trade debts +€845
up €845 (+65.4%), from €1,292 to €2,137
- Gross operating margin +€5,053
up €5,053 (+15.8%), from €32,001 to €37,054
- Financial charges +€1,530
up €1,530 (+50.8%), from €3,015 to €4,545
- Depreciation -€1,327
down €1,327 (-7.8%), from €16,993 to €15,666
- Financial income -€1,174
down €1,174 (-99.3%), from €1,182 to €9
- Other operating charges -€927
down €927 (-24.7%), from €3,760 to €2,832
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 | €65,540 | €58,405 | -€7,136 | -10.9% |
| Fixed assets | 21/28 | €62,692 | €49,876 | -€12,816 | -20.4% |
| Tangible fixed assets | 22/27 | €62,692 | €49,876 | -€12,816 | -20.4% |
| Land and buildings | 22 | €55,719 | €42,064 | -€13,656 | -24.5% |
| Plant, machinery and equipment | 23 | €2,836 | €2,264 | -€573 | -20.2% |
| Furniture and vehicles | 24 | €3,316 | €5,002 | +€1,685 | +50.8% |
| Other tangible fixed assets | 26 | €821 | €547 | -€273 | -33.3% |
| Current assets | 29/58 | €2,848 | €8,529 | +€5,681 | +199.4% |
| Amounts receivable within one year | 40/41 | - | €138 | +€138 | |
| Other amounts receivable | 41 | - | €138 | +€138 | |
| Current investments | 50/53 | €2,503 | €8,006 | +€5,503 | +219.8% |
| Cash at bank and in hand | 54/58 | €345 | €384 | +€40 | +11.5% |
| Total equity and liabilities | 10/49 | €65,540 | €58,405 | -€7,136 | -10.9% |
| Equity | 10/15 | €13,886 | €13,595 | -€291 | -2.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,248 | -€6,405 | +€13,843 | +68.4% |
| Investment grants | 15 | €14,134 | - | -€14,134 | |
| Amounts payable | 17/49 | €51,655 | €44,810 | -€6,845 | -13.3% |
| Amounts payable after more than one year | 17 | €28,737 | €17,235 | -€11,502 | -40.0% |
| Financial debts | 170/4 | €28,737 | €14,908 | -€13,828 | -48.1% |
| Other amounts payable | 178/9 | - | €2,327 | +€2,327 | |
| Amounts payable within one year | 42/48 | €22,918 | €27,574 | +€4,656 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €13,285 | €13,783 | +€497 | +3.7% |
| Trade debts | 44 | €1,292 | €2,137 | +€845 | +65.4% |
| Suppliers | 440/4 | €1,292 | €2,137 | +€845 | +65.4% |
| Taxes, remuneration and social security | 45 | €508 | €173 | -€334 | -65.8% |
| Taxes | 450/3 | €508 | €173 | -€334 | -65.8% |
| Other amounts payable | 47/48 | €7,833 | €11,481 | +€3,648 | +46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,993 | €15,666 | -€1,327 | -7.8% |
| Other operating charges | 640/8 | €3,760 | €2,832 | -€927 | -24.7% |
| Gross operating margin | 9900 | €32,001 | €37,054 | +€5,053 | +15.8% |
| Operating profit (loss) | 9901 | €11,249 | €18,555 | +€7,306 | +65.0% |
| Financial income | 75/76B | €1,182 | €9 | -€1,174 | -99.3% |
| Recurring financial income | 75 | €1,182 | €9 | -€1,174 | -99.3% |
| Financial charges | 65/66B | €3,015 | €4,545 | +€1,530 | +50.8% |
| Recurring financial charges | 65 | €3,015 | €4,545 | +€1,530 | +50.8% |
| Profit (loss) for the period before taxes | 9903 | €9,417 | €14,019 | +€4,602 | +48.9% |
| Income taxes | 67/77 | €184 | €176 | -€8 | -4.6% |
| Profit (loss) for the period | 9904 | €9,232 | €13,843 | +€4,611 | +49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,232 | €13,843 | +€4,611 | +49.9% |
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 4 October 2026 via checked.be.