GEPOMA: 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.
GEPOMA
Largest movements
- Cash -€172,088
down €172,088 (-93.8%), from €183,532 to €11,443
mainly Current investments (-€151,036) and Net result for the year (-€17,792)
- Current investments +€151,036
new in 2025: €151,036
- Tangible fixed assets +€4,116
up €4,116 (+4.4%), from €92,706 to €96,823
- Reserves -€17,792
down €17,792 (-8.7%), from €204,355 to €186,562
of which Distributable reserves: -€17,792
- Gross operating margin +€3,129
up €3,129 (+16.7%), from -€18,739 to -€15,610
- Financial income -€2,738
down €2,738 (-55.3%), from €4,947 to €2,209
- Depreciation +€298
up €298 (+31.7%), from €940 to €1,238
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 | €279,173 | €261,868 | -€17,305 | -6.2% |
| Fixed assets | 21/28 | €92,706 | €96,823 | +€4,116 | +4.4% |
| Tangible fixed assets | 22/27 | €92,706 | €96,823 | +€4,116 | +4.4% |
| Land and buildings | 22 | €92,706 | €96,823 | +€4,116 | +4.4% |
| Current assets | 29/58 | €186,466 | €165,045 | -€21,421 | -11.5% |
| Amounts receivable within one year | 40/41 | €1,480 | €582 | -€898 | -60.6% |
| Other amounts receivable | 41 | €1,480 | €582 | -€898 | -60.6% |
| Current investments | 50/53 | - | €151,036 | +€151,036 | |
| Cash at bank and in hand | 54/58 | €183,532 | €11,443 | -€172,088 | -93.8% |
| Deferred charges and accrued income | 490/1 | €1,454 | €1,983 | +€529 | +36.3% |
| Total equity and liabilities | 10/49 | €279,173 | €261,868 | -€17,305 | -6.2% |
| Equity | 10/15 | €278,053 | €260,261 | -€17,792 | -6.4% |
| Contributions | 10/11 | €73,699 | €73,699 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €11,699 | €11,699 | = | 0.0% |
| Share premium | 1100/10 | €11,699 | €11,699 | = | 0.0% |
| Reserves | 13 | €204,355 | €186,562 | -€17,792 | -8.7% |
| Non-distributable reserves | 130/1 | €53,395 | €53,395 | = | 0.0% |
| Legal reserve | 130 | €53,395 | €53,395 | = | 0.0% |
| Distributable reserves | 133 | €150,960 | €133,167 | -€17,792 | -11.8% |
| Amounts payable | 17/49 | €1,119 | €1,607 | +€488 | +43.6% |
| Amounts payable within one year | 42/48 | €1,119 | €1,607 | +€488 | +43.6% |
| Trade debts | 44 | €1,119 | €1,607 | +€488 | +43.6% |
| Suppliers | 440/4 | €1,119 | €1,607 | +€488 | +43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €940 | €1,238 | +€298 | +31.7% |
| Other operating charges | 640/8 | €2,515 | €2,389 | -€126 | -5.0% |
| Gross operating margin | 9900 | -€18,739 | -€15,610 | +€3,129 | +16.7% |
| Operating profit (loss) | 9901 | -€22,194 | -€19,237 | +€2,957 | +13.3% |
| Financial income | 75/76B | €4,947 | €2,209 | -€2,738 | -55.3% |
| Recurring financial income | 75 | €4,947 | €2,209 | -€2,738 | -55.3% |
| Financial charges | 65/66B | €600 | €769 | +€169 | +28.1% |
| Recurring financial charges | 65 | €600 | €769 | +€169 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,847 | -€17,796 | +€51 | +0.3% |
| Income taxes | 67/77 | €0 | -€4 | -€4 | |
| Profit (loss) for the period | 9904 | -€17,847 | -€17,792 | +€55 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,847 | -€17,792 | +€55 | +0.3% |
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.