GEPATRA: 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.
GEPATRA
Largest movements
- Tangible fixed assets -€32,340
down €32,340 (-56.5%), from €57,287 to €24,947
- Receivables within one year +€7,205
up €7,205 (+4.0%), from €181,478 to €188,682
of which Trade receivables: +€21,390
- Cash +€3,734
up €3,734 (+5.6%), from €66,986 to €70,720
mainly Net result for the year (+€100,737) and Depreciation (+€32,216)
- Trade debts -€126,714
down €126,714 (-60.7%), from €208,816 to €82,102
- Reserves +€75,832
up €75,832 (+304%), from €24,974 to €100,805
of which Distributable reserves: +€75,832
- Profit (loss) carried forward +€24,905
up €24,905, from -€24,905 to €0
- Tax, wage and social debts +€19,201
up €19,201 (+52.0%), from €36,914 to €56,115
of which Remuneration and social security: +€9,744
- Debts after one year -€15,195
down €15,195 (-79.6%), from €19,085 to €3,890
- Gross operating margin +€170,006
up €170,006 (+68.4%), from €248,444 to €418,449
- Write-downs +€41,740
new in 2025: €41,740
- Depreciation -€32,764
down €32,764 (-50.4%), from €64,980 to €32,216
- Taxes +€24,048
up €24,048 (+15,499%), from €155 to €24,203
- Staff costs +€7,928
up €7,928 (+3.9%), from €203,301 to €211,229
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 | €306,291 | €284,890 | -€21,401 | -7.0% |
| Fixed assets | 21/28 | €57,827 | €25,487 | -€32,340 | -55.9% |
| Tangible fixed assets | 22/27 | €57,287 | €24,947 | -€32,340 | -56.5% |
| Furniture and vehicles | 24 | €57,287 | €24,947 | -€32,340 | -56.5% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €248,464 | €259,403 | +€10,939 | +4.4% |
| Amounts receivable within one year | 40/41 | €181,478 | €188,682 | +€7,205 | +4.0% |
| Trade receivables | 40 | €167,293 | €188,682 | +€21,390 | +12.8% |
| Other amounts receivable | 41 | €14,185 | €0 | -€14,185 | -100% |
| Cash at bank and in hand | 54/58 | €66,986 | €70,720 | +€3,734 | +5.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €306,291 | €284,890 | -€21,401 | -7.0% |
| Equity | 10/15 | €20,069 | €120,805 | +€100,737 | +502% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €24,974 | €100,805 | +€75,832 | +304% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €22,974 | €98,805 | +€75,832 | +330% |
| Profit (loss) carried forward | 14 | -€24,905 | €0 | +€24,905 | |
| Amounts payable | 17/49 | €286,222 | €164,084 | -€122,138 | -42.7% |
| Amounts payable after more than one year | 17 | €19,085 | €3,890 | -€15,195 | -79.6% |
| Financial debts | 170/4 | €19,085 | €3,890 | -€15,195 | -79.6% |
| Amounts payable within one year | 42/48 | €267,138 | €160,194 | -€106,944 | -40.0% |
| Current portion of amounts payable after more than one year | 42 | €14,626 | €15,195 | +€569 | +3.9% |
| Trade debts | 44 | €208,816 | €82,102 | -€126,714 | -60.7% |
| Suppliers | 440/4 | €208,816 | €82,102 | -€126,714 | -60.7% |
| Taxes, remuneration and social security | 45 | €36,914 | €56,115 | +€19,201 | +52.0% |
| Taxes | 450/3 | €17,711 | €27,168 | +€9,457 | +53.4% |
| Remuneration and social security | 454/9 | €19,203 | €28,947 | +€9,744 | +50.7% |
| Other amounts payable | 47/48 | €6,783 | €6,783 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €203,301 | €211,229 | +€7,928 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,980 | €32,216 | -€32,764 | -50.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €41,740 | +€41,740 | |
| Other operating charges | 640/8 | €2,518 | €5,216 | +€2,698 | +107% |
| Non-recurring operating charges | 66A | - | €1,337 | +€1,337 | |
| Gross operating margin | 9900 | €248,444 | €418,449 | +€170,006 | +68.4% |
| Operating profit (loss) | 9901 | -€22,355 | €126,712 | +€149,067 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €2,396 | €1,772 | -€624 | -26.0% |
| Recurring financial charges | 65 | €2,396 | €1,772 | -€624 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,750 | €124,940 | +€149,690 | |
| Income taxes | 67/77 | €155 | €24,203 | +€24,048 | +15,499% |
| Profit (loss) for the period | 9904 | -€24,905 | €100,737 | +€125,642 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,905 | €100,737 | +€125,642 |
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 16 October 2026 via checked.be.