Geray: 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.
Geray
Largest movements
- Cash -€14,866
down €14,866 (-35.2%), from €42,185 to €27,319
mainly Receivables within one year (-€12,070) and Stocks and contracts (-€8,000)
- Receivables within one year +€12,070
up €12,070 (+267.9%), from €4,505 to €16,575
of which Other amounts receivable: +€6,851
- Stocks and contracts +€8,000
up €8,000 (+1142.9%), from €700 to €8,700
- Tangible fixed assets -€2,178
down €2,178 (-17.2%), from €12,699 to €10,521
of which Other tangible fixed assets: -€1,299
- Deferred charges and accrued income +€1,736
new in 2025: €1,736
- Profit (loss) carried forward +€12,313
up €12,313 (+26.4%), from €46,701 to €59,013
- Accrued charges and deferred income -€7,122
no longer reported in 2025 (was €7,122)
- Tax, wage and social debts -€4,360
no longer reported in 2025 (was €4,360)
- Trade debts +€4,077
up €4,077 (+50.6%), from €8,055 to €12,132
- Gross operating margin -€42,939
down €42,939 (-67.9%), from €63,214 to €20,274
- Taxes -€8,392
down €8,392 (-65.2%), from €12,876 to €4,484
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 | €69,089 | €73,851 | +€4,762 | +6.9% |
| Fixed assets | 21/28 | €12,699 | €10,521 | -€2,178 | -17.2% |
| Tangible fixed assets | 22/27 | €12,699 | €10,521 | -€2,178 | -17.2% |
| Plant, machinery and equipment | 23 | €1,556 | €649 | -€907 | -58.3% |
| Furniture and vehicles | 24 | €753 | €781 | +€28 | +3.7% |
| Other tangible fixed assets | 26 | €10,390 | €9,091 | -€1,299 | -12.5% |
| Current assets | 29/58 | €56,390 | €63,330 | +€6,940 | +12.3% |
| Amounts receivable after more than one year | 29 | €9,000 | €9,000 | = | 0.0% |
| Other amounts receivable | 291 | €9,000 | €9,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €700 | €8,700 | +€8,000 | +1142.9% |
| Stocks | 30/36 | €700 | €8,700 | +€8,000 | +1142.9% |
| Amounts receivable within one year | 40/41 | €4,505 | €16,575 | +€12,070 | +267.9% |
| Trade receivables | 40 | €4,458 | €9,678 | +€5,219 | +117.1% |
| Other amounts receivable | 41 | €46 | €6,897 | +€6,851 | +14796.9% |
| Cash at bank and in hand | 54/58 | €42,185 | €27,319 | -€14,866 | -35.2% |
| Deferred charges and accrued income | 490/1 | - | €1,736 | +€1,736 | |
| Total equity and liabilities | 10/49 | €69,089 | €73,851 | +€4,762 | +6.9% |
| Equity | 10/15 | €49,201 | €61,513 | +€12,313 | +25.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,701 | €59,013 | +€12,313 | +26.4% |
| Amounts payable | 17/49 | €19,889 | €12,338 | -€7,551 | -38.0% |
| Amounts payable within one year | 42/48 | €12,767 | €12,338 | -€429 | -3.4% |
| Trade debts | 44 | €8,055 | €12,132 | +€4,077 | +50.6% |
| Suppliers | 440/4 | €8,055 | €12,132 | +€4,077 | +50.6% |
| Taxes, remuneration and social security | 45 | €4,360 | - | -€4,360 | |
| Taxes | 450/3 | €4,360 | - | -€4,360 | |
| Other amounts payable | 47/48 | €352 | €205 | -€146 | -41.6% |
| Accrued charges and deferred income | 492/3 | €7,122 | - | -€7,122 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,032 | €3,010 | -€21 | -0.7% |
| Other operating charges | 640/8 | €944 | €834 | -€111 | -11.7% |
| Gross operating margin | 9900 | €63,214 | €20,274 | -€42,939 | -67.9% |
| Operating profit (loss) | 9901 | €59,238 | €16,430 | -€42,808 | -72.3% |
| Financial income | 75/76B | €472 | €691 | +€219 | +46.4% |
| Recurring financial income | 75 | €472 | €691 | +€219 | +46.4% |
| Financial charges | 65/66B | €133 | €324 | +€191 | +143.5% |
| Recurring financial charges | 65 | €133 | €324 | +€191 | +143.5% |
| Profit (loss) for the period before taxes | 9903 | €59,577 | €16,797 | -€42,780 | -71.8% |
| Income taxes | 67/77 | €12,876 | €4,484 | -€8,392 | -65.2% |
| Profit (loss) for the period | 9904 | €46,701 | €12,313 | -€34,388 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,701 | €12,313 | -€34,388 | -73.6% |
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 11 October 2026 via checked.be.