GETEC: 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.
GETEC
Largest movements
- Stocks and contracts -€56,706
down €56,706 (-51.4%), from €110,412 to €53,707
of which Contracts in progress: -€45,000
- Receivables within one year -€17,027
down €17,027 (-12.2%), from €139,456 to €122,430
of which Trade receivables: -€17,669
- Cash -€3,979
down €3,979 (-99.9%), from €3,983 to €4
mainly Trade debts (-€43,364) and Investment in fixed assets (net) (-€18,438)
- Tangible fixed assets +€3,959
up €3,959 (+12.8%), from €30,893 to €34,852
of which Furniture and vehicles: +€4,930
- Trade debts -€43,364
down €43,364 (-28.3%), from €153,224 to €109,859
- Other debts -€17,256
down €17,256 (-33.5%), from €51,540 to €34,284
- Short-term financial debts -€8,604
down €8,604 (-30.2%), from €28,528 to €19,923
- Debts after one year -€6,806
down €6,806 (-26.0%), from €26,191 to €19,385
- Tax, wage and social debts +€3,715
up €3,715 (+37.5%), from €9,901 to €13,615
of which Remuneration and social security: +€3,121
- Staff costs +€36,964
up €36,964 (+26.9%), from €137,217 to €174,181
- Gross operating margin +€27,689
up €27,689 (+16.7%), from €165,964 to €193,652
- Write-downs -€5,423
down €5,423 (-100.0%), from €5,423 to €0
- Depreciation +€2,034
up €2,034 (+15.2%), from €13,345 to €15,379
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 | €303,680 | €228,438 | -€75,242 | -24.8% |
| Fixed assets | 21/28 | €37,596 | €40,655 | +€3,059 | +8.1% |
| Intangible fixed assets | 21 | €3,371 | €2,471 | -€900 | -26.7% |
| Tangible fixed assets | 22/27 | €30,893 | €34,852 | +€3,959 | +12.8% |
| Land and buildings | 22 | €3,428 | €2,834 | -€595 | -17.3% |
| Plant, machinery and equipment | 23 | €4,419 | €5,308 | +€890 | +20.1% |
| Furniture and vehicles | 24 | €21,781 | €26,710 | +€4,930 | +22.6% |
| Other tangible fixed assets | 26 | €1,266 | €0 | -€1,266 | -100.0% |
| Financial fixed assets | 28 | €3,332 | €3,332 | = | 0.0% |
| Current assets | 29/58 | €266,084 | €187,783 | -€78,301 | -29.4% |
| Stocks and contracts in progress | 3 | €110,412 | €53,707 | -€56,706 | -51.4% |
| Stocks | 30/36 | €65,412 | €53,707 | -€11,706 | -17.9% |
| Contracts in progress | 37 | €45,000 | €0 | -€45,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €139,456 | €122,430 | -€17,027 | -12.2% |
| Trade receivables | 40 | €133,466 | €115,797 | -€17,669 | -13.2% |
| Other amounts receivable | 41 | €5,991 | €6,633 | +€642 | +10.7% |
| Cash at bank and in hand | 54/58 | €3,983 | €4 | -€3,979 | -99.9% |
| Deferred charges and accrued income | 490/1 | €12,232 | €11,643 | -€590 | -4.8% |
| Total equity and liabilities | 10/49 | €303,680 | €228,438 | -€75,242 | -24.8% |
| Equity | 10/15 | €25,092 | €24,566 | -€526 | -2.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €14,085 | €14,085 | = | 0.0% |
| Non-distributable reserves | 130/1 | €259 | €259 | = | 0.0% |
| Legal reserve | 130 | €259 | €259 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,826 | €13,826 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,993 | -€64,519 | -€526 | -0.8% |
| Amounts payable | 17/49 | €278,588 | €203,873 | -€74,716 | -26.8% |
| Amounts payable after more than one year | 17 | €26,191 | €19,385 | -€6,806 | -26.0% |
| Financial debts | 170/4 | €26,191 | €19,385 | -€6,806 | -26.0% |
| Amounts payable within one year | 42/48 | €252,397 | €184,488 | -€67,909 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €9,206 | €6,806 | -€2,400 | -26.1% |
| Financial debts | 43 | €28,528 | €19,923 | -€8,604 | -30.2% |
| Credit institutions | 430/8 | €28,528 | €19,923 | -€8,604 | -30.2% |
| Trade debts | 44 | €153,224 | €109,859 | -€43,364 | -28.3% |
| Suppliers | 440/4 | €153,224 | €109,859 | -€43,364 | -28.3% |
| Taxes, remuneration and social security | 45 | €9,901 | €13,615 | +€3,715 | +37.5% |
| Taxes | 450/3 | €1,594 | €2,187 | +€593 | +37.2% |
| Remuneration and social security | 454/9 | €8,307 | €11,428 | +€3,121 | +37.6% |
| Other amounts payable | 47/48 | €51,540 | €34,284 | -€17,256 | -33.5% |
| Remuneration, social security and pensions | 62 | €137,217 | €174,181 | +€36,964 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,345 | €15,379 | +€2,034 | +15.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,423 | €0 | -€5,423 | -100.0% |
| Other operating charges | 640/8 | €3,555 | €2,455 | -€1,100 | -31.0% |
| Gross operating margin | 9900 | €165,964 | €193,652 | +€27,689 | +16.7% |
| Operating profit (loss) | 9901 | €6,425 | €1,638 | -€4,787 | -74.5% |
| Financial income | 75/76B | €348 | €964 | +€616 | +177.2% |
| Recurring financial income | 75 | €348 | €964 | +€616 | +177.2% |
| Financial charges | 65/66B | €3,447 | €1,870 | -€1,577 | -45.7% |
| Recurring financial charges | 65 | €3,447 | €1,870 | -€1,577 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €3,325 | €731 | -€2,594 | -78.0% |
| Income taxes | 67/77 | €303 | €1,258 | +€955 | +315.5% |
| Profit (loss) for the period | 9904 | €3,022 | -€526 | -€3,549 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,022 | -€526 | -€3,549 |
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 5 October 2026 via checked.be.