Gejo: 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.
Gejo
Largest movements
- Cash +€504,593
up €504,593 (+24.7%), from €2.0m to €2.6m
mainly Net result for the year (+€413,330) and Depreciation (+€104,354)
- Tangible fixed assets -€88,602
down €88,602 (-6.7%), from €1.3m to €1.2m
of which Furniture and vehicles: -€63,884
- Reserves +€413,330
up €413,330 (+16.2%), from €2.6m to €3.0m
of which Distributable reserves: +€413,880
- Gross operating margin +€45,650
up €45,650 (+6.8%), from €667,206 to €712,856
- Financial charges -€33,506
down €33,506 (-98.2%), from €34,106 to €600
- Taxes +€20,784
up €20,784 (+12.5%), from €166,085 to €186,869
- Financial income -€15,051
down €15,051 (-80.7%), from €18,642 to €3,590
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 | €3,660,294 | €4,053,265 | +€392,971 | +10.7% |
| Fixed assets | 21/28 | €1,322,186 | €1,233,585 | -€88,602 | -6.7% |
| Tangible fixed assets | 22/27 | €1,321,449 | €1,232,847 | -€88,602 | -6.7% |
| Land and buildings | 22 | €1,123,641 | €1,112,804 | -€10,837 | -1.0% |
| Plant, machinery and equipment | 23 | €35,604 | €21,724 | -€13,880 | -39.0% |
| Furniture and vehicles | 24 | €162,204 | €98,319 | -€63,884 | -39.4% |
| Financial fixed assets | 28 | €737 | €737 | = | 0.0% |
| Current assets | 29/58 | €2,338,108 | €2,819,680 | +€481,572 | +20.6% |
| Amounts receivable after more than one year | 29 | €20,000 | - | -€20,000 | |
| Other amounts receivable | 291 | €20,000 | - | -€20,000 | |
| Amounts receivable within one year | 40/41 | €256,008 | €241,452 | -€14,557 | -5.7% |
| Trade receivables | 40 | €252,093 | €228,321 | -€23,772 | -9.4% |
| Other amounts receivable | 41 | €3,915 | €13,131 | +€9,216 | +235.4% |
| Current investments | 50/53 | €1,512 | €1,512 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,046,740 | €2,551,333 | +€504,593 | +24.7% |
| Deferred charges and accrued income | 490/1 | €13,847 | €25,382 | +€11,536 | +83.3% |
| Total equity and liabilities | 10/49 | €3,660,294 | €4,053,265 | +€392,971 | +10.7% |
| Equity | 10/15 | €2,576,802 | €2,990,131 | +€413,330 | +16.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,556,802 | €2,970,131 | +€413,330 | +16.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,298 | €57,748 | -€550 | -0.9% |
| Distributable reserves | 133 | €2,496,503 | €2,910,383 | +€413,880 | +16.6% |
| Provisions and deferred taxes | 16 | €6,232 | €5,948 | -€283 | -4.5% |
| Deferred taxes | 168 | €6,232 | €5,948 | -€283 | -4.5% |
| Amounts payable | 17/49 | €1,077,261 | €1,057,185 | -€20,076 | -1.9% |
| Amounts payable after more than one year | 17 | €710,000 | €710,000 | = | 0.0% |
| Other amounts payable | 178/9 | €710,000 | €710,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €333,379 | €347,185 | +€13,806 | +4.1% |
| Trade debts | 44 | €43,886 | €49,444 | +€5,558 | +12.7% |
| Suppliers | 440/4 | €43,886 | €49,444 | +€5,558 | +12.7% |
| Taxes, remuneration and social security | 45 | €22,601 | €19,383 | -€3,218 | -14.2% |
| Taxes | 450/3 | €22,601 | €19,383 | -€3,218 | -14.2% |
| Other amounts payable | 47/48 | €266,892 | €278,358 | +€11,465 | +4.3% |
| Accrued charges and deferred income | 492/3 | €33,882 | - | -€33,882 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,269 | €104,354 | +€3,085 | +3.0% |
| Other operating charges | 640/8 | €10,029 | €11,577 | +€1,548 | +15.4% |
| Gross operating margin | 9900 | €667,206 | €712,856 | +€45,650 | +6.8% |
| Operating profit (loss) | 9901 | €555,908 | €596,925 | +€41,018 | +7.4% |
| Financial income | 75/76B | €18,642 | €3,590 | -€15,051 | -80.7% |
| Recurring financial income | 75 | €18,642 | €3,590 | -€15,051 | -80.7% |
| Financial charges | 65/66B | €34,106 | €600 | -€33,506 | -98.2% |
| Recurring financial charges | 65 | €34,106 | €600 | -€33,506 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | €540,443 | €599,916 | +€59,473 | +11.0% |
| Transfer from deferred taxes | 780 | €283 | €283 | = | 0.0% |
| Income taxes | 67/77 | €166,085 | €186,869 | +€20,784 | +12.5% |
| Profit (loss) for the period | 9904 | €374,641 | €413,330 | +€38,688 | +10.3% |
| Transfer from tax-exempt reserves | 789 | €550 | €550 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €375,192 | €413,880 | +€38,688 | +10.3% |
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 8 October 2026 via checked.be.