GEXI: 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.
GEXI
Largest movements
- Current investments +€13,026
up €13,026 (+66.1%), from €19,709 to €32,735
- Tangible fixed assets -€5,260
down €5,260 (-5.7%), from €91,608 to €86,348
of which Land and buildings: -€4,126
- Receivables within one year -€4,900
down €4,900 (-52.1%), from €9,400 to €4,500
- Cash +€3,324
up €3,324 (+4.0%), from €83,044 to €86,368
mainly Net result for the year (+€35,407) and Depreciation (+€6,953)
- Reserves +€20,000
up €20,000 (+26.0%), from €77,000 to €97,000
- Debts after one year -€12,821
down €12,821 (-28.8%), from €44,505 to €31,684
- Profit (loss) carried forward -€4,593
down €4,593 (-49.2%), from €9,342 to €4,749
- Accrued charges and deferred income +€2,696
up €2,696 (+31.8%), from €8,483 to €11,179
- Gross operating margin +€3,426
up €3,426 (+6.5%), from €52,968 to €56,394
- Taxes -€2,401
down €2,401 (-22.8%), from €10,529 to €8,128
- Financial charges -€857
down €857 (-17.3%), from €4,967 to €4,110
- Depreciation +€791
up €791 (+12.8%), from €6,162 to €6,953
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 | €246,132 | €250,913 | +€4,781 | +1.9% |
| Fixed assets | 21/28 | €122,660 | €117,400 | -€5,260 | -4.3% |
| Tangible fixed assets | 22/27 | €91,608 | €86,348 | -€5,260 | -5.7% |
| Land and buildings | 22 | €80,508 | €76,383 | -€4,126 | -5.1% |
| Furniture and vehicles | 24 | €2,857 | €3,539 | +€682 | +23.9% |
| Other tangible fixed assets | 26 | €8,244 | €6,426 | -€1,817 | -22.0% |
| Financial fixed assets | 28 | €31,052 | €31,052 | = | 0.0% |
| Current assets | 29/58 | €123,472 | €133,514 | +€10,042 | +8.1% |
| Amounts receivable within one year | 40/41 | €9,400 | €4,500 | -€4,900 | -52.1% |
| Other amounts receivable | 41 | €9,400 | €4,500 | -€4,900 | -52.1% |
| Current investments | 50/53 | €19,709 | €32,735 | +€13,026 | +66.1% |
| Cash at bank and in hand | 54/58 | €83,044 | €86,368 | +€3,324 | +4.0% |
| Deferred charges and accrued income | 490/1 | €11,318 | €9,910 | -€1,408 | -12.4% |
| Total equity and liabilities | 10/49 | €246,132 | €250,913 | +€4,781 | +1.9% |
| Equity | 10/15 | €107,342 | €122,749 | +€15,407 | +14.4% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €77,000 | €97,000 | +€20,000 | +26.0% |
| Distributable reserves | 133 | €77,000 | €97,000 | +€20,000 | +26.0% |
| Profit (loss) carried forward | 14 | €9,342 | €4,749 | -€4,593 | -49.2% |
| Amounts payable | 17/49 | €138,790 | €128,165 | -€10,626 | -7.7% |
| Amounts payable after more than one year | 17 | €44,505 | €31,684 | -€12,821 | -28.8% |
| Financial debts | 170/4 | €44,505 | €31,684 | -€12,821 | -28.8% |
| Amounts payable within one year | 42/48 | €85,802 | €85,302 | -€500 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €14,054 | €12,821 | -€1,233 | -8.8% |
| Taxes, remuneration and social security | 45 | €19,023 | €19,163 | +€140 | +0.7% |
| Taxes | 450/3 | €11,000 | €14,128 | +€3,128 | +28.4% |
| Remuneration and social security | 454/9 | €8,023 | €5,035 | -€2,988 | -37.2% |
| Other amounts payable | 47/48 | €52,725 | €53,318 | +€592 | +1.1% |
| Accrued charges and deferred income | 492/3 | €8,483 | €11,179 | +€2,696 | +31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,162 | €6,953 | +€791 | +12.8% |
| Other operating charges | 640/8 | €2,253 | €1,927 | -€327 | -14.5% |
| Gross operating margin | 9900 | €52,968 | €56,394 | +€3,426 | +6.5% |
| Operating profit (loss) | 9901 | €44,552 | €47,514 | +€2,962 | +6.6% |
| Financial income | 75/76B | €50 | €130 | +€81 | +161.6% |
| Recurring financial income | 75 | €50 | €130 | +€81 | +161.6% |
| Financial charges | 65/66B | €4,967 | €4,110 | -€857 | -17.3% |
| Recurring financial charges | 65 | €4,967 | €4,110 | -€857 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €39,635 | €43,535 | +€3,900 | +9.8% |
| Income taxes | 67/77 | €10,529 | €8,128 | -€2,401 | -22.8% |
| Profit (loss) for the period | 9904 | €29,106 | €35,407 | +€6,301 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,106 | €35,407 | +€6,301 | +21.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.