GETO DAC: 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.
GETO DAC
Largest movements
- Tangible fixed assets +€31,646
up €31,646 (+134%), from €23,620 to €55,266
of which Furniture and vehicles: +€31,285
- Cash +€26,023
up €26,023 (+31.8%), from €81,855 to €107,879
mainly Other debts (+€90,000) and Net result for the year (+€58,678)
- Receivables within one year -€15,975
down €15,975 (-28.4%), from €56,312 to €40,336
of which Trade receivables: -€14,207
- Profit (loss) carried forward -€101,322
down €101,322 (-83.6%), from €121,235 to €19,912
- Other debts +€90,000
up €90,000 (+900%), from €10,000 to €100,000
- Current portion of long-term debt +€21,536
new in 2025: €21,536
- Debts after one year +€19,724
new in 2025: €19,724
- Trade debts +€10,264
up €10,264 (+114%), from €9,043 to €19,308
- Gross operating margin +€20,135
up €20,135 (+20.4%), from €98,566 to €118,701
- Depreciation +€13,534
up €13,534 (+59.2%), from €22,860 to €36,395
- Taxes +€1,492
up €1,492 (+8.1%), from €18,510 to €20,001
- Other operating charges +€1,197
up €1,197 (+84.2%), from €1,422 to €2,620
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 | €161,788 | €203,481 | +€41,694 | +25.8% |
| Fixed assets | 21/28 | €23,620 | €55,266 | +€31,646 | +134% |
| Tangible fixed assets | 22/27 | €23,620 | €55,266 | +€31,646 | +134% |
| Plant, machinery and equipment | 23 | €2,023 | €2,384 | +€361 | +17.8% |
| Furniture and vehicles | 24 | €21,597 | €52,882 | +€31,285 | +145% |
| Current assets | 29/58 | €138,167 | €148,215 | +€10,048 | +7.3% |
| Amounts receivable within one year | 40/41 | €56,312 | €40,336 | -€15,975 | -28.4% |
| Trade receivables | 40 | €35,017 | €20,811 | -€14,207 | -40.6% |
| Other amounts receivable | 41 | €21,294 | €19,525 | -€1,769 | -8.3% |
| Cash at bank and in hand | 54/58 | €81,855 | €107,879 | +€26,023 | +31.8% |
| Total equity and liabilities | 10/49 | €161,788 | €203,481 | +€41,694 | +25.8% |
| Equity | 10/15 | €124,235 | €22,912 | -€101,322 | -81.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,235 | €19,912 | -€101,322 | -83.6% |
| Amounts payable | 17/49 | €37,553 | €180,569 | +€143,016 | +381% |
| Amounts payable after more than one year | 17 | - | €19,724 | +€19,724 | |
| Financial debts | 170/4 | - | €19,724 | +€19,724 | |
| Amounts payable within one year | 42/48 | €37,553 | €160,845 | +€123,292 | +328% |
| Current portion of amounts payable after more than one year | 42 | - | €21,536 | +€21,536 | |
| Trade debts | 44 | €9,043 | €19,308 | +€10,264 | +114% |
| Bills of exchange payable | 441 | €9,043 | €19,308 | +€10,264 | +114% |
| Taxes, remuneration and social security | 45 | €18,510 | €20,001 | +€1,492 | +8.1% |
| Taxes | 450/3 | €18,510 | €20,001 | +€1,492 | +8.1% |
| Other amounts payable | 47/48 | €10,000 | €100,000 | +€90,000 | +900% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,860 | €36,395 | +€13,534 | +59.2% |
| Other operating charges | 640/8 | €1,422 | €2,620 | +€1,197 | +84.2% |
| Gross operating margin | 9900 | €98,566 | €118,701 | +€20,135 | +20.4% |
| Operating profit (loss) | 9901 | €74,283 | €79,687 | +€5,403 | +7.3% |
| Financial charges | 65/66B | €1,353 | €1,008 | -€345 | -25.5% |
| Recurring financial charges | 65 | €1,353 | €1,008 | -€345 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €72,930 | €78,679 | +€5,748 | +7.9% |
| Income taxes | 67/77 | €18,510 | €20,001 | +€1,492 | +8.1% |
| Profit (loss) for the period | 9904 | €54,421 | €58,678 | +€4,257 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,421 | €58,678 | +€4,257 | +7.8% |
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.