GEPETRANS: 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.
GEPETRANS
Largest movements
- Tangible fixed assets -€606,290
down €606,290 (-43.0%), from €1.4m to €803,081
of which Leasing and similar rights: -€432,560
- Receivables within one year -€322,037
down €322,037 (-30.6%), from €1.1m to €728,849
of which Trade receivables: -€183,177
- Deferred charges and accrued income +€183,248
up €183,248 (+647%), from €28,326 to €211,574
- Debts after one year -€456,319
down €456,319 (-49.1%), from €928,522 to €472,203
- Current portion of long-term debt -€327,784
down €327,784 (-50.7%), from €647,111 to €319,327
- Other debts +€203,000
up €203,000 (+13,285%), from €1,528 to €204,528
- Tax, wage and social debts -€182,844
down €182,844 (-54.9%), from €333,084 to €150,240
of which Remuneration and social security: -€162,373
- Profit (loss) carried forward +€47,405
up €47,405 (+20.7%), from -€229,115 to -€181,710
- Staff costs -€987,116
down €987,116 (-43.8%), from €2.3m to €1.3m
- Gross operating margin -€953,705
down €953,705 (-38.1%), from €2.5m to €1.5m
- Financial income -€197,911
down €197,911 (-61.3%), from €322,925 to €125,014
of which Non-recurring financial income: -€197,261
- Depreciation -€123,319
down €123,319 (-39.9%), from €308,858 to €185,539
- Financial charges -€86,627
down €86,627 (-49.4%), from €175,423 to €88,796
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 | €2,575,352 | €1,844,795 | -€730,557 | -28.4% |
| Fixed assets | 21/28 | €1,428,426 | €822,183 | -€606,243 | -42.4% |
| Tangible fixed assets | 22/27 | €1,409,371 | €803,081 | -€606,290 | -43.0% |
| Land and buildings | 22 | €6,480 | €5,608 | -€872 | -13.5% |
| Plant, machinery and equipment | 23 | €537,216 | €438,379 | -€98,837 | -18.4% |
| Furniture and vehicles | 24 | €117,101 | €43,080 | -€74,021 | -63.2% |
| Leasing and similar rights | 25 | €748,574 | €316,014 | -€432,560 | -57.8% |
| Financial fixed assets | 28 | €19,055 | €19,102 | +€47 | +0.2% |
| Current assets | 29/58 | €1,146,926 | €1,022,612 | -€124,314 | -10.8% |
| Stocks and contracts in progress | 3 | €67,714 | €59,052 | -€8,662 | -12.8% |
| Stocks | 30/36 | €67,714 | €59,052 | -€8,662 | -12.8% |
| Amounts receivable within one year | 40/41 | €1,050,886 | €728,849 | -€322,037 | -30.6% |
| Trade receivables | 40 | €840,483 | €657,306 | -€183,177 | -21.8% |
| Other amounts receivable | 41 | €210,403 | €71,543 | -€138,860 | -66.0% |
| Cash at bank and in hand | 54/58 | - | €23,137 | +€23,137 | |
| Deferred charges and accrued income | 490/1 | €28,326 | €211,574 | +€183,248 | +647% |
| Total equity and liabilities | 10/49 | €2,575,352 | €1,844,795 | -€730,557 | -28.4% |
| Equity | 10/15 | €231,910 | €279,315 | +€47,405 | +20.4% |
| Contributions | 10/11 | €443,600 | €443,600 | = | 0.0% |
| Reserves | 13 | €17,425 | €17,425 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,565 | €15,565 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€229,115 | -€181,710 | +€47,405 | +20.7% |
| Amounts payable | 17/49 | €2,343,442 | €1,565,480 | -€777,962 | -33.2% |
| Amounts payable after more than one year | 17 | €928,522 | €472,203 | -€456,319 | -49.1% |
| Financial debts | 170/4 | €928,522 | €472,203 | -€456,319 | -49.1% |
| Amounts payable within one year | 42/48 | €1,414,920 | €1,093,277 | -€321,643 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €647,111 | €319,327 | -€327,784 | -50.7% |
| Financial debts | 43 | €431 | - | -€431 | |
| Credit institutions | 430/8 | €431 | - | -€431 | |
| Trade debts | 44 | €432,766 | €419,182 | -€13,584 | -3.1% |
| Suppliers | 440/4 | €432,766 | €419,182 | -€13,584 | -3.1% |
| Taxes, remuneration and social security | 45 | €333,084 | €150,240 | -€182,844 | -54.9% |
| Taxes | 450/3 | €78,681 | €58,210 | -€20,471 | -26.0% |
| Remuneration and social security | 454/9 | €254,403 | €92,030 | -€162,373 | -63.8% |
| Other amounts payable | 47/48 | €1,528 | €204,528 | +€203,000 | +13,285% |
| Remuneration, social security and pensions | 62 | €2,252,334 | €1,265,218 | -€987,116 | -43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €308,858 | €185,539 | -€123,319 | -39.9% |
| Other operating charges | 640/8 | €53,356 | €43,465 | -€9,891 | -18.5% |
| Non-recurring operating charges | 66A | €12,338 | €44,024 | +€31,686 | +257% |
| Gross operating margin | 9900 | €2,503,138 | €1,549,433 | -€953,705 | -38.1% |
| Operating profit (loss) | 9901 | -€123,748 | €11,187 | +€134,935 | |
| Financial income | 75/76B | €322,925 | €125,014 | -€197,911 | -61.3% |
| Recurring financial income | 75 | €2,728 | €2,078 | -€650 | -23.8% |
| Non-recurring financial income | 76B | €320,197 | €122,936 | -€197,261 | -61.6% |
| Financial charges | 65/66B | €175,423 | €88,796 | -€86,627 | -49.4% |
| Recurring financial charges | 65 | €175,423 | €88,796 | -€86,627 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | €23,754 | €47,405 | +€23,651 | +99.6% |
| Profit (loss) for the period | 9904 | €23,754 | €47,405 | +€23,651 | +99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,754 | €47,405 | +€23,651 | +99.6% |
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 15 October 2026 via checked.be.