GEJOBAR: 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.
GEJOBAR
Largest movements
- Cash +€67,282
up €67,282 (+44.1%), from €152,709 to €219,991
mainly Net result for the year (+€83,277) and Depreciation (+€17,437)
- Receivables within one year +€23,654
up €23,654 (+2.5%), from €936,290 to €959,944
of which Other amounts receivable: +€22,662
- Tangible fixed assets -€17,437
down €17,437 (-4.7%), from €373,938 to €356,500
- Reserves +€83,277
up €83,277 (+36.2%), from €230,092 to €313,369
of which Distributable reserves: +€83,277
- Accrued charges and deferred income -€24,745
down €24,745 (-47.5%), from €52,086 to €27,342
- Financial charges -€31,954
down €31,954 (-46.7%), from €68,390 to €36,437
- Taxes +€29,144
up €29,144 (+1,166%), from €2,500 to €31,644
- Gross operating margin -€27,948
down €27,948 (-12.7%), from €219,799 to €191,851
- Financial income +€16,233
up €16,233 (+252%), from €6,445 to €22,679
- Depreciation -€4,359
down €4,359 (-20.0%), from €21,797 to €17,437
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 | €1,462,937 | €1,536,436 | +€73,499 | +5.0% |
| Fixed assets | 21/28 | €373,938 | €356,500 | -€17,437 | -4.7% |
| Tangible fixed assets | 22/27 | €373,938 | €356,500 | -€17,437 | -4.7% |
| Land and buildings | 22 | €373,938 | €356,500 | -€17,437 | -4.7% |
| Current assets | 29/58 | €1,088,999 | €1,179,935 | +€90,936 | +8.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €936,290 | €959,944 | +€23,654 | +2.5% |
| Trade receivables | 40 | €8,754 | €9,746 | +€992 | +11.3% |
| Other amounts receivable | 41 | €927,537 | €950,199 | +€22,662 | +2.4% |
| Cash at bank and in hand | 54/58 | €152,709 | €219,991 | +€67,282 | +44.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,462,937 | €1,536,436 | +€73,499 | +5.0% |
| Equity | 10/15 | €382,945 | €466,222 | +€83,277 | +21.7% |
| Contributions | 10/11 | €152,853 | €152,853 | = | 0.0% |
| Capital | 10 | €152,853 | €152,853 | = | 0.0% |
| Issued capital | 100 | €152,853 | €152,853 | = | 0.0% |
| Reserves | 13 | €230,092 | €313,369 | +€83,277 | +36.2% |
| Non-distributable reserves | 130/1 | €23,600 | €23,600 | = | 0.0% |
| Legal reserve | 130 | €23,600 | €23,600 | = | 0.0% |
| Distributable reserves | 133 | €206,492 | €289,769 | +€83,277 | +40.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,079,992 | €1,070,214 | -€9,779 | -0.9% |
| Amounts payable within one year | 42/48 | €1,027,906 | €1,042,872 | +€14,966 | +1.5% |
| Financial debts | 43 | €1,000,000 | €1,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,000,000 | €1,000,000 | = | 0.0% |
| Trade debts | 44 | €9,522 | €6,949 | -€2,573 | -27.0% |
| Suppliers | 440/4 | €9,522 | €6,949 | -€2,573 | -27.0% |
| Taxes, remuneration and social security | 45 | €12,384 | €19,498 | +€7,114 | +57.4% |
| Taxes | 450/3 | €12,384 | €19,498 | +€7,114 | +57.4% |
| Other amounts payable | 47/48 | €6,000 | €16,425 | +€10,425 | +174% |
| Accrued charges and deferred income | 492/3 | €52,086 | €27,342 | -€24,745 | -47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,797 | €17,437 | -€4,359 | -20.0% |
| Other operating charges | 640/8 | €44,414 | €45,735 | +€1,321 | +3.0% |
| Gross operating margin | 9900 | €219,799 | €191,851 | -€27,948 | -12.7% |
| Operating profit (loss) | 9901 | €153,589 | €128,679 | -€24,910 | -16.2% |
| Financial income | 75/76B | €6,445 | €22,679 | +€16,233 | +252% |
| Recurring financial income | 75 | €6,445 | €22,679 | +€16,233 | +252% |
| Financial charges | 65/66B | €68,390 | €36,437 | -€31,954 | -46.7% |
| Recurring financial charges | 65 | €68,390 | €36,437 | -€31,954 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €91,644 | €114,921 | +€23,278 | +25.4% |
| Income taxes | 67/77 | €2,500 | €31,644 | +€29,144 | +1,166% |
| Profit (loss) for the period | 9904 | €89,144 | €83,277 | -€5,866 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €89,144 | €83,277 | -€5,866 | -6.6% |
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 29 October 2026 via checked.be.