GEPEFI: 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.
GEPEFI
Largest movements
- Stocks and contracts +€23,615
up €23,615 (+6.8%), from €347,925 to €371,540
- Tangible fixed assets -€10,273
down €10,273 (-18.2%), from €56,333 to €46,060
of which Plant, machinery and equipment: -€8,629
- Other debts +€13,223
up €13,223 (+2.8%), from €475,452 to €488,675
- Gross operating margin -€5,299
down €5,299 (-16.5%), from €32,029 to €26,730
- Other operating charges +€850
up €850 (+137.3%), from €619 to €1,469
- Depreciation +€465
up €465 (+2.3%), from €20,156 to €20,621
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 | €431,642 | €449,986 | +€18,344 | +4.2% |
| Fixed assets | 21/28 | €56,333 | €46,060 | -€10,273 | -18.2% |
| Tangible fixed assets | 22/27 | €56,333 | €46,060 | -€10,273 | -18.2% |
| Plant, machinery and equipment | 23 | €54,689 | €46,060 | -€8,629 | -15.8% |
| Furniture and vehicles | 24 | €1,644 | - | -€1,644 | |
| Current assets | 29/58 | €375,309 | €403,926 | +€28,617 | +7.6% |
| Stocks and contracts in progress | 3 | €347,925 | €371,540 | +€23,615 | +6.8% |
| Stocks | 30/36 | €347,925 | €371,540 | +€23,615 | +6.8% |
| Amounts receivable within one year | 40/41 | €2,694 | €4,247 | +€1,554 | +57.7% |
| Trade receivables | 40 | €2,694 | €2,694 | = | 0.0% |
| Other amounts receivable | 41 | - | €1,554 | +€1,554 | |
| Cash at bank and in hand | 54/58 | €24,148 | €27,650 | +€3,501 | +14.5% |
| Deferred charges and accrued income | 490/1 | €542 | €489 | -€53 | -9.7% |
| Total equity and liabilities | 10/49 | €431,642 | €449,986 | +€18,344 | +4.2% |
| Equity | 10/15 | -€47,397 | -€42,975 | +€4,421 | +9.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €7,820 | €7,820 | = | 0.0% |
| Distributable reserves | 133 | €7,820 | €7,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,217 | -€80,796 | +€4,421 | +5.2% |
| Amounts payable | 17/49 | €479,038 | €492,961 | +€13,923 | +2.9% |
| Amounts payable within one year | 42/48 | €479,038 | €492,961 | +€13,923 | +2.9% |
| Trade debts | 44 | €2,842 | €3,446 | +€604 | +21.2% |
| Suppliers | 440/4 | €2,842 | €3,446 | +€604 | +21.2% |
| Taxes, remuneration and social security | 45 | €744 | €840 | +€96 | +12.9% |
| Taxes | 450/3 | €744 | €840 | +€96 | +12.9% |
| Other amounts payable | 47/48 | €475,452 | €488,675 | +€13,223 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,156 | €20,621 | +€465 | +2.3% |
| Other operating charges | 640/8 | €619 | €1,469 | +€850 | +137.3% |
| Gross operating margin | 9900 | €32,029 | €26,730 | -€5,299 | -16.5% |
| Operating profit (loss) | 9901 | €11,253 | €4,639 | -€6,615 | -58.8% |
| Financial income | 75/76B | €0 | €37 | +€37 | +368000.0% |
| Recurring financial income | 75 | €0 | €37 | +€37 | +368000.0% |
| Financial charges | 65/66B | €180 | €254 | +€74 | +41.4% |
| Recurring financial charges | 65 | €180 | €254 | +€74 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | €11,074 | €4,421 | -€6,652 | -60.1% |
| Profit (loss) for the period | 9904 | €11,074 | €4,421 | -€6,652 | -60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,074 | €4,421 | -€6,652 | -60.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.