GEPART: 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.
GEPART
Largest movements
- Cash +€3.6m
up €3.6m (+41.1%), from €8.9m to €12.5m
mainly Receivables within one year (+€3.5m) and Other debts (+€116,265)
- Receivables within one year -€3.5m
down €3.5m (-100.0%), from €3.5m to €197
of which Other amounts receivable: -€3.2m
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€406
up €406 (+10.4%), from -€3,918 to -€3,512
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 | €12,394,373 | €12,509,091 | +€114,719 | +0.9% |
| Current assets | 29/58 | €12,394,373 | €12,509,091 | +€114,719 | +0.9% |
| Amounts receivable within one year | 40/41 | €3,528,968 | €197 | -€3.5m | -100.0% |
| Trade receivables | 40 | €284,394 | €197 | -€284,196 | -99.9% |
| Other amounts receivable | 41 | €3,244,574 | €0 | -€3.2m | -100.0% |
| Cash at bank and in hand | 54/58 | €8,865,404 | €12,508,894 | +€3.6m | +41.1% |
| Total equity and liabilities | 10/49 | €12,394,373 | €12,509,091 | +€114,719 | +0.9% |
| Equity | 10/15 | €351,482 | €347,837 | -€3,646 | -1.0% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,982 | €210,337 | -€3,646 | -1.7% |
| Amounts payable | 17/49 | €12,042,890 | €12,161,255 | +€118,365 | +1.0% |
| Amounts payable within one year | 42/48 | €12,042,890 | €12,161,255 | +€118,365 | +1.0% |
| Trade debts | 44 | €197 | €2,297 | +€2,100 | +1063.5% |
| Suppliers | 440/4 | €197 | €2,297 | +€2,100 | +1063.5% |
| Other amounts payable | 47/48 | €12,042,693 | €12,158,957 | +€116,265 | +1.0% |
| Gross operating margin | 9900 | -€3,918 | -€3,512 | +€406 | +10.4% |
| Operating profit (loss) | 9901 | -€3,918 | -€3,512 | +€406 | +10.4% |
| Financial income | 75/76B | €2 | €0 | -€2 | -98.4% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -98.4% |
| Financial charges | 65/66B | €126 | €134 | +€8 | +6.1% |
| Recurring financial charges | 65 | €126 | €134 | +€8 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,042 | -€3,646 | +€397 | +9.8% |
| Profit (loss) for the period | 9904 | -€4,042 | -€3,646 | +€397 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,042 | -€3,646 | +€397 | +9.8% |
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.