GETRA: 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.
GETRA
Largest movements
- Stocks and contracts +€22,249
up €22,249 (+4.4%), from €510,358 to €532,607
- Other debts +€44,496
up €44,496 (+102.0%), from €43,610 to €88,106
- Profit (loss) carried forward -€17,652
new in 2025: -€17,652
- Gross operating margin -€48,352
down €48,352, from €44,209 to -€4,143
- Write-downs -€14,300
no longer reported in 2025 (was €14,300)
- Financial charges -€10,737
down €10,737 (-64.2%), from €16,733 to €5,996
- Depreciation -€4,820
down €4,820 (-76.7%), from €6,282 to €1,462
- Other operating charges -€1,128
down €1,128 (-13.7%), from €8,255 to €7,127
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 | €525,850 | €546,511 | +€20,661 | +3.9% |
| Fixed assets | 21/28 | €3,712 | €2,250 | -€1,462 | -39.4% |
| Tangible fixed assets | 22/27 | €1,462 | - | -€1,462 | |
| Furniture and vehicles | 24 | €1,462 | - | -€1,462 | |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €522,138 | €544,261 | +€22,123 | +4.2% |
| Stocks and contracts in progress | 3 | €510,358 | €532,607 | +€22,249 | +4.4% |
| Stocks | 30/36 | €510,358 | €532,607 | +€22,249 | +4.4% |
| Amounts receivable within one year | 40/41 | €6,933 | €10,390 | +€3,457 | +49.9% |
| Trade receivables | 40 | €2,665 | €3,510 | +€845 | +31.7% |
| Other amounts receivable | 41 | €4,267 | €6,879 | +€2,612 | +61.2% |
| Cash at bank and in hand | 54/58 | €4,847 | €1,264 | -€3,583 | -73.9% |
| Total equity and liabilities | 10/49 | €525,850 | €546,511 | +€20,661 | +3.9% |
| Equity | 10/15 | €65,254 | €45,733 | -€19,520 | -29.9% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Contributions outside capital | 11 | €22,000 | €22,000 | = | 0.0% |
| Other | 1109/19 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €43,254 | €41,385 | -€1,868 | -4.3% |
| Distributable reserves | 133 | €43,254 | €41,385 | -€1,868 | -4.3% |
| Profit (loss) carried forward | 14 | - | -€17,652 | -€17,652 | |
| Amounts payable | 17/49 | €460,596 | €500,777 | +€40,181 | +8.7% |
| Amounts payable within one year | 42/48 | €460,596 | €500,777 | +€40,181 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €361,750 | €361,750 | = | 0.0% |
| Financial debts | 43 | - | €27 | +€27 | |
| Credit institutions | 430/8 | - | €27 | +€27 | |
| Trade debts | 44 | €53,777 | €49,356 | -€4,422 | -8.2% |
| Suppliers | 440/4 | €53,777 | €49,356 | -€4,422 | -8.2% |
| Taxes, remuneration and social security | 45 | €1,459 | €1,538 | +€79 | +5.4% |
| Taxes | 450/3 | €1,459 | €1,538 | +€79 | +5.4% |
| Other amounts payable | 47/48 | €43,610 | €88,106 | +€44,496 | +102.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,282 | €1,462 | -€4,820 | -76.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,300 | - | -€14,300 | |
| Other operating charges | 640/8 | €8,255 | €7,127 | -€1,128 | -13.7% |
| Gross operating margin | 9900 | €44,209 | -€4,143 | -€48,352 | |
| Operating profit (loss) | 9901 | €15,372 | -€12,732 | -€28,104 | |
| Financial income | 75/76B | €24 | - | -€24 | |
| Recurring financial income | 75 | €24 | - | -€24 | |
| Financial charges | 65/66B | €16,733 | €5,996 | -€10,737 | -64.2% |
| Recurring financial charges | 65 | €16,733 | €5,996 | -€10,737 | -64.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,337 | -€18,728 | -€17,391 | -1300.9% |
| Income taxes | 67/77 | €746 | €792 | +€46 | +6.1% |
| Profit (loss) for the period | 9904 | -€2,083 | -€19,520 | -€17,437 | -837.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,083 | -€19,520 | -€17,437 | -837.1% |
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 12 October 2026 via checked.be.