GEJACO: 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.
GEJACO
Largest movements
- Stocks and contracts +€1.1m
up €1.1m (+29.8%), from €3.7m to €4.8m
- Cash +€265,014
up €265,014 (+77.0%), from €344,280 to €609,293
mainly Trade debts (+€1.5m) and Net result for the year (+€315,976)
- Receivables within one year +€251,500
up €251,500 (+8.7%), from €2.9m to €3.1m
of which Other amounts receivable: +€147,953
- Tangible fixed assets +€171,336
up €171,336 (+31.1%), from €551,722 to €723,058
of which Land and buildings: +€149,697
- Trade debts +€1.5m
up €1.5m (+37.3%), from €4.1m to €5.6m
- Reserves +€315,976
up €315,976 (+18.4%), from €1.7m to €2.0m
- Gross operating margin +€210,533
up €210,533 (+14.9%), from €1.4m to €1.6m
- Staff costs +€111,555
up €111,555 (+12.9%), from €864,086 to €975,641
- Other operating charges -€63,895
down €63,895 (-89.2%), from €71,667 to €7,772
- Taxes +€52,617
up €52,617 (+81.5%), from €64,592 to €117,209
- Financial charges -€30,337
down €30,337 (-25.8%), from €117,576 to €87,239
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,540,336 | €9,340,011 | +€1.8m | +23.9% |
| Fixed assets | 21/28 | €551,722 | €723,558 | +€171,836 | +31.1% |
| Tangible fixed assets | 22/27 | €551,722 | €723,058 | +€171,336 | +31.1% |
| Land and buildings | 22 | €240,522 | €390,219 | +€149,697 | +62.2% |
| Plant, machinery and equipment | 23 | €72,512 | €106,581 | +€34,070 | +47.0% |
| Furniture and vehicles | 24 | €218,515 | €152,079 | -€66,436 | -30.4% |
| Other tangible fixed assets | 26 | €20,174 | €74,179 | +€54,005 | +268% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €6,988,614 | €8,616,453 | +€1.6m | +23.3% |
| Stocks and contracts in progress | 3 | €3,689,369 | €4,787,001 | +€1.1m | +29.8% |
| Stocks | 30/36 | €3,689,369 | €4,787,001 | +€1.1m | +29.8% |
| Amounts receivable within one year | 40/41 | €2,887,960 | €3,139,460 | +€251,500 | +8.7% |
| Trade receivables | 40 | €2,827,302 | €2,930,849 | +€103,547 | +3.7% |
| Other amounts receivable | 41 | €60,658 | €208,611 | +€147,953 | +244% |
| Current investments | 50/53 | €65,103 | €80,698 | +€15,595 | +24.0% |
| Cash at bank and in hand | 54/58 | €344,280 | €609,293 | +€265,014 | +77.0% |
| Deferred charges and accrued income | 490/1 | €1,902 | €0 | -€1,902 | -100% |
| Total equity and liabilities | 10/49 | €7,540,336 | €9,340,011 | +€1.8m | +23.9% |
| Equity | 10/15 | €1,733,924 | €2,049,900 | +€315,976 | +18.2% |
| Contributions | 10/11 | €15,062 | €15,062 | = | 0.0% |
| Reserves | 13 | €1,718,862 | €2,034,838 | +€315,976 | +18.4% |
| Distributable reserves | 133 | €1,718,862 | €2,034,838 | +€315,976 | +18.4% |
| Provisions and deferred taxes | 16 | €75,500 | €75,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €75,500 | €75,500 | = | 0.0% |
| Pensions and similar obligations | 160 | €75,500 | €75,500 | = | 0.0% |
| Amounts payable | 17/49 | €5,730,912 | €7,214,611 | +€1.5m | +25.9% |
| Amounts payable after more than one year | 17 | €291,512 | €205,427 | -€86,085 | -29.5% |
| Financial debts | 170/4 | €291,512 | €205,427 | -€86,085 | -29.5% |
| Amounts payable within one year | 42/48 | €5,432,298 | €6,999,480 | +€1.6m | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €310,116 | €331,651 | +€21,535 | +6.9% |
| Financial debts | 43 | €850,400 | €868,805 | +€18,405 | +2.2% |
| Credit institutions | 430/8 | €850,400 | €868,805 | +€18,405 | +2.2% |
| Trade debts | 44 | €4,104,572 | €5,635,547 | +€1.5m | +37.3% |
| Suppliers | 440/4 | €4,104,572 | €5,635,547 | +€1.5m | +37.3% |
| Taxes, remuneration and social security | 45 | €156,101 | €152,459 | -€3,642 | -2.3% |
| Taxes | 450/3 | €97,504 | €29,972 | -€67,532 | -69.3% |
| Remuneration and social security | 454/9 | €58,597 | €122,487 | +€63,890 | +109% |
| Other amounts payable | 47/48 | €11,109 | €11,018 | -€91 | -0.8% |
| Accrued charges and deferred income | 492/3 | €7,103 | €9,704 | +€2,601 | +36.6% |
| Non-recurring operating income | 76A | €13,575 | €0 | -€13,575 | -100% |
| Remuneration, social security and pensions | 62 | €864,086 | €975,641 | +€111,555 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,330 | €124,182 | -€22,148 | -15.1% |
| Other operating charges | 640/8 | €71,667 | €7,772 | -€63,895 | -89.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,409,899 | €1,620,432 | +€210,533 | +14.9% |
| Operating profit (loss) | 9901 | €327,816 | €512,837 | +€185,021 | +56.4% |
| Financial income | 75/76B | €1,900 | €7,587 | +€5,686 | +299% |
| Recurring financial income | 75 | €1,900 | €7,587 | +€5,686 | +299% |
| Financial charges | 65/66B | €117,576 | €87,239 | -€30,337 | -25.8% |
| Recurring financial charges | 65 | €117,576 | €87,239 | -€30,337 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €212,140 | €433,185 | +€221,045 | +104% |
| Income taxes | 67/77 | €64,592 | €117,209 | +€52,617 | +81.5% |
| Profit (loss) for the period | 9904 | €147,548 | €315,976 | +€168,428 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €147,548 | €315,976 | +€168,428 | +114% |
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 17 October 2026 via checked.be.