GEPATRIM: 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.
GEPATRIM
Largest movements
- Current investments +€909,000
up €909,000 (+357,368%), from €254 to €909,254
- Cash -€775,797
down €775,797 (-71.6%), from €1.1m to €308,062
mainly Current investments (-€909,000) and Debts after one year (-€9,728)
- Tangible fixed assets -€36,236
down €36,236 (-7.2%), from €502,448 to €466,212
of which Land and buildings: -€34,374
- Reserves +€70,827
up €70,827 (+29.0%), from €244,633 to €315,459
of which Distributable reserves: +€70,827
- Tax, wage and social debts +€35,498
up €35,498 (+32.4%), from €109,685 to €145,183
- Gross operating margin -€832,908
down €832,908 (-84.3%), from €987,646 to €154,739
- Taxes -€74,187
down €74,187 (-67.6%), from €109,685 to €35,498
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 | €1,587,735 | €1,684,211 | +€96,476 | +6.1% |
| Fixed assets | 21/28 | €502,448 | €466,212 | -€36,236 | -7.2% |
| Tangible fixed assets | 22/27 | €502,448 | €466,212 | -€36,236 | -7.2% |
| Land and buildings | 22 | €499,939 | €465,564 | -€34,374 | -6.9% |
| Plant, machinery and equipment | 23 | €2,094 | €648 | -€1,446 | -69.1% |
| Furniture and vehicles | 24 | €416 | - | -€416 | |
| Current assets | 29/58 | €1,085,287 | €1,217,998 | +€132,712 | +12.2% |
| Current investments | 50/53 | €254 | €909,254 | +€909,000 | +357,368% |
| Cash at bank and in hand | 54/58 | €1,083,859 | €308,062 | -€775,797 | -71.6% |
| Deferred charges and accrued income | 490/1 | €1,173 | €682 | -€491 | -41.8% |
| Total equity and liabilities | 10/49 | €1,587,735 | €1,684,211 | +€96,476 | +6.1% |
| Equity | 10/15 | €1,352,469 | €1,423,296 | +€70,827 | +5.2% |
| Contributions | 10/11 | €1,107,836 | €1,107,836 | = | 0.0% |
| Capital | 10 | €1,107,836 | €1,107,836 | = | 0.0% |
| Issued capital | 100 | €1,107,836 | €1,107,836 | = | 0.0% |
| Reserves | 13 | €244,633 | €315,459 | +€70,827 | +29.0% |
| Non-distributable reserves | 130/1 | €13,455 | €13,455 | = | 0.0% |
| Legal reserve | 130 | €13,455 | €13,455 | = | 0.0% |
| Distributable reserves | 133 | €231,178 | €302,005 | +€70,827 | +30.6% |
| Amounts payable | 17/49 | €235,266 | €260,915 | +€25,649 | +10.9% |
| Amounts payable after more than one year | 17 | €102,737 | €93,010 | -€9,728 | -9.5% |
| Financial debts | 170/4 | €102,737 | €93,010 | -€9,728 | -9.5% |
| Amounts payable within one year | 42/48 | €132,529 | €167,906 | +€35,377 | +26.7% |
| Current portion of amounts payable after more than one year | 42 | €13,785 | €12,983 | -€802 | -5.8% |
| Trade debts | 44 | - | €480 | +€480 | |
| Suppliers | 440/4 | - | €480 | +€480 | |
| Taxes, remuneration and social security | 45 | €109,685 | €145,183 | +€35,498 | +32.4% |
| Taxes | 450/3 | €109,685 | €145,183 | +€35,498 | +32.4% |
| Other amounts payable | 47/48 | €9,059 | €9,259 | +€200 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,696 | €38,807 | -€2,889 | -6.9% |
| Other operating charges | 640/8 | €9,311 | €6,539 | -€2,772 | -29.8% |
| Gross operating margin | 9900 | €987,646 | €154,739 | -€832,908 | -84.3% |
| Operating profit (loss) | 9901 | €936,639 | €109,392 | -€827,247 | -88.3% |
| Financial income | 75/76B | €1,111 | €474 | -€637 | -57.3% |
| Recurring financial income | 75 | €1,111 | €474 | -€637 | -57.3% |
| Financial charges | 65/66B | €3,446 | €3,541 | +€95 | +2.8% |
| Recurring financial charges | 65 | €3,446 | €3,541 | +€95 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €934,304 | €106,325 | -€827,979 | -88.6% |
| Income taxes | 67/77 | €109,685 | €35,498 | -€74,187 | -67.6% |
| Profit (loss) for the period | 9904 | €824,619 | €70,827 | -€753,792 | -91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €824,619 | €70,827 | -€753,792 | -91.4% |
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 17 October 2026 via checked.be.