GEYTRAX: 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.
GEYTRAX
Largest movements
- Tangible fixed assets +€24,206
up €24,206 (+440.1%), from €5,500 to €29,706
- Receivables within one year +€5,268
up €5,268 (+155.7%), from €3,384 to €8,652
of which Trade receivables: +€8,652
- Cash +€3,756
up €3,756 (+184.2%), from €2,039 to €5,796
mainly Other debts (+€270,912) and Net result for the year (+€104,652)
- Deferred charges and accrued income -€680
no longer reported in 2025 (was €680)
- Trade debts -€346,568
down €346,568 (-99.4%), from €348,812 to €2,244
- Other debts +€270,912
up €270,912 (+71.1%), from €381,169 to €652,081
- Profit (loss) carried forward +€104,652
up €104,652 (+4.6%), from -€2.3m to -€2.2m
- Tax, wage and social debts +€3,369
new in 2025: €3,369
- Gross operating margin +€114,599
up €114,599 (+3660.7%), from €3,131 to €117,730
- Other operating charges +€7,977
up €7,977 (+1717.5%), from €464 to €8,441
- Depreciation +€4,344
new in 2025: €4,344
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 | €11,789 | €44,153 | +€32,364 | +274.5% |
| Fixed assets | 21/28 | €5,686 | €29,706 | +€24,020 | +422.5% |
| Tangible fixed assets | 22/27 | €5,500 | €29,706 | +€24,206 | +440.1% |
| Furniture and vehicles | 24 | €5,500 | €29,706 | +€24,206 | +440.1% |
| Financial fixed assets | 28 | €186 | - | -€186 | |
| Current assets | 29/58 | €6,103 | €14,447 | +€8,344 | +136.7% |
| Amounts receivable within one year | 40/41 | €3,384 | €8,652 | +€5,268 | +155.7% |
| Trade receivables | 40 | - | €8,652 | +€8,652 | |
| Other amounts receivable | 41 | €3,384 | - | -€3,384 | |
| Cash at bank and in hand | 54/58 | €2,039 | €5,796 | +€3,756 | +184.2% |
| Deferred charges and accrued income | 490/1 | €680 | - | -€680 | |
| Total equity and liabilities | 10/49 | €11,789 | €44,153 | +€32,364 | +274.5% |
| Equity | 10/15 | -€718,193 | -€613,541 | +€104,652 | +14.6% |
| Contributions | 10/11 | €1,054,722 | €1,054,722 | = | 0.0% |
| Capital | 10 | €1,050,000 | €1,050,000 | = | 0.0% |
| Issued capital | 100 | €1,050,000 | €1,050,000 | = | 0.0% |
| Contributions outside capital | 11 | €4,722 | €4,722 | = | 0.0% |
| Share premium | 1100/10 | €4,722 | €4,722 | = | 0.0% |
| Reserves | 13 | €490,782 | €490,782 | = | 0.0% |
| Non-distributable reserves | 130/1 | €234,879 | €234,879 | = | 0.0% |
| Legal reserve | 130 | €24,170 | €24,170 | = | 0.0% |
| Reserves not available under the articles | 1311 | €210,710 | €210,710 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,984 | €40,984 | = | 0.0% |
| Distributable reserves | 133 | €214,919 | €214,919 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,263,697 | -€2,159,045 | +€104,652 | +4.6% |
| Amounts payable | 17/49 | €729,982 | €657,694 | -€72,288 | -9.9% |
| Amounts payable within one year | 42/48 | €729,982 | €657,694 | -€72,288 | -9.9% |
| Trade debts | 44 | €348,812 | €2,244 | -€346,568 | -99.4% |
| Suppliers | 440/4 | €348,812 | €2,244 | -€346,568 | -99.4% |
| Taxes, remuneration and social security | 45 | - | €3,369 | +€3,369 | |
| Taxes | 450/3 | - | €3,369 | +€3,369 | |
| Other amounts payable | 47/48 | €381,169 | €652,081 | +€270,912 | +71.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,344 | +€4,344 | |
| Other operating charges | 640/8 | €464 | €8,441 | +€7,977 | +1717.5% |
| Gross operating margin | 9900 | €3,131 | €117,730 | +€114,599 | +3660.7% |
| Operating profit (loss) | 9901 | €2,666 | €104,944 | +€102,278 | +3836.3% |
| Financial charges | 65/66B | €146 | €27 | -€119 | -81.6% |
| Recurring financial charges | 65 | €146 | €27 | -€119 | -81.6% |
| Profit (loss) for the period before taxes | 9903 | €2,520 | €104,917 | +€102,397 | +4063.4% |
| Income taxes | 67/77 | - | €266 | +€266 | |
| Profit (loss) for the period | 9904 | €2,520 | €104,652 | +€102,132 | +4052.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,520 | €104,652 | +€102,132 | +4052.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.