GEKAT: 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.
GEKAT
Largest movements
- Cash +€25,029
up €25,029 (+91.8%), from €27,250 to €52,279
mainly Net result for the year (+€52,365) and Other debts (+€38,222)
- Tangible fixed assets +€746
up €746 (+16.4%), from €4,550 to €5,296
of which Plant, machinery and equipment: +€1,729
- Other debts +€38,222
up €38,222 (+157.6%), from €24,246 to €62,468
- Reserves -€7,635
down €7,635 (-69.7%), from €10,946 to €3,312
- Tax, wage and social debts -€4,556
down €4,556 (-41.9%), from €10,884 to €6,328
of which Taxes: -€4,543
- Gross operating margin +€25,185
up €25,185 (+52.5%), from €47,962 to €73,147
- Taxes +€6,106
up €6,106 (+51.4%), from €11,888 to €17,994
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 | €47,165 | €73,120 | +€25,955 | +55.0% |
| Fixed assets | 21/28 | €4,550 | €5,296 | +€746 | +16.4% |
| Tangible fixed assets | 22/27 | €4,550 | €5,296 | +€746 | +16.4% |
| Plant, machinery and equipment | 23 | - | €1,729 | +€1,729 | |
| Furniture and vehicles | 24 | €4,550 | €3,567 | -€984 | -21.6% |
| Current assets | 29/58 | €42,615 | €67,824 | +€25,210 | +59.2% |
| Amounts receivable within one year | 40/41 | €13,873 | €14,198 | +€325 | +2.3% |
| Trade receivables | 40 | €10,890 | €12,192 | +€1,302 | +12.0% |
| Other amounts receivable | 41 | €2,983 | €2,006 | -€977 | -32.8% |
| Cash at bank and in hand | 54/58 | €27,250 | €52,279 | +€25,029 | +91.8% |
| Deferred charges and accrued income | 490/1 | €1,492 | €1,348 | -€144 | -9.6% |
| Total equity and liabilities | 10/49 | €47,165 | €73,120 | +€25,955 | +55.0% |
| Equity | 10/15 | €11,946 | €4,312 | -€7,635 | -63.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €10,946 | €3,312 | -€7,635 | -69.7% |
| Distributable reserves | 133 | €10,946 | €3,312 | -€7,635 | -69.7% |
| Amounts payable | 17/49 | €35,219 | €68,809 | +€33,590 | +95.4% |
| Amounts payable within one year | 42/48 | €35,202 | €68,796 | +€33,595 | +95.4% |
| Trade debts | 44 | €71 | - | -€71 | |
| Suppliers | 440/4 | €71 | - | -€71 | |
| Taxes, remuneration and social security | 45 | €10,884 | €6,328 | -€4,556 | -41.9% |
| Taxes | 450/3 | €10,871 | €6,328 | -€4,543 | -41.8% |
| Remuneration and social security | 454/9 | €13 | - | -€13 | |
| Other amounts payable | 47/48 | €24,246 | €62,468 | +€38,222 | +157.6% |
| Accrued charges and deferred income | 492/3 | €17 | €12 | -€5 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €836 | €1,182 | +€347 | +41.5% |
| Other operating charges | 640/8 | €882 | €693 | -€190 | -21.5% |
| Gross operating margin | 9900 | €47,962 | €73,147 | +€25,185 | +52.5% |
| Operating profit (loss) | 9901 | €46,244 | €71,272 | +€25,028 | +54.1% |
| Financial charges | 65/66B | €1,109 | €912 | -€196 | -17.7% |
| Recurring financial charges | 65 | €1,109 | €912 | -€196 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €45,136 | €70,360 | +€25,224 | +55.9% |
| Income taxes | 67/77 | €11,888 | €17,994 | +€6,106 | +51.4% |
| Profit (loss) for the period | 9904 | €33,247 | €52,365 | +€19,118 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,247 | €52,365 | +€19,118 | +57.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.