GEZAH: 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.
GEZAH
Largest movements
- Receivables within one year -€6,182
down €6,182 (-46.9%), from €13,171 to €6,989
of which Other amounts receivable: -€6,182
- Cash -€1,831
down €1,831 (-90.5%), from €2,023 to €192
mainly Trade debts (-€37,501) and Short-term financial debts (-€100)
- Trade debts -€37,501
down €37,501 (-70.8%), from €52,988 to €15,487
- Other debts +€28,343
new in 2025: €28,343
- Tax, wage and social debts +€996
up €996 (+80.7%), from €1,234 to €2,230
- Profit (loss) carried forward +€249
up €249 (+0.6%), from -€44,368 to -€44,119
- Gross operating margin +€31,095
up €31,095, from -€27,131 to €3,964
- Staff costs -€6,804
no longer reported in 2025 (was €6,804)
- Financial charges -€1,432
down €1,432 (-90.7%), from €1,579 to €147
- Other operating charges +€638
up €638 (+21.8%), from €2,930 to €3,568
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 | €15,194 | €7,181 | -€8,013 | -52.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Current assets | 29/58 | €15,194 | €7,181 | -€8,013 | -52.7% |
| Amounts receivable within one year | 40/41 | €13,171 | €6,989 | -€6,182 | -46.9% |
| Trade receivables | 40 | €1,639 | €1,639 | = | 0.0% |
| Other amounts receivable | 41 | €11,533 | €5,350 | -€6,182 | -53.6% |
| Cash at bank and in hand | 54/58 | €2,023 | €192 | -€1,831 | -90.5% |
| Total equity and liabilities | 10/49 | €15,194 | €7,181 | -€8,013 | -52.7% |
| Equity | 10/15 | -€39,368 | -€39,119 | +€249 | +0.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,368 | -€44,119 | +€249 | +0.6% |
| Amounts payable | 17/49 | €54,562 | €46,300 | -€8,262 | -15.1% |
| Amounts payable within one year | 42/48 | €54,562 | €46,300 | -€8,262 | -15.1% |
| Financial debts | 43 | €340 | €241 | -€100 | -29.3% |
| Credit institutions | 430/8 | €340 | €241 | -€100 | -29.3% |
| Trade debts | 44 | €52,988 | €15,487 | -€37,501 | -70.8% |
| Suppliers | 440/4 | €52,988 | €15,487 | -€37,501 | -70.8% |
| Taxes, remuneration and social security | 45 | €1,234 | €2,230 | +€996 | +80.7% |
| Taxes | 450/3 | €1,234 | €2,230 | +€996 | +80.7% |
| Other amounts payable | 47/48 | - | €28,343 | +€28,343 | |
| Non-recurring operating income | 76A | €7,376 | - | -€7,376 | |
| Remuneration, social security and pensions | 62 | €6,804 | - | -€6,804 | |
| Other operating charges | 640/8 | €2,930 | €3,568 | +€638 | +21.8% |
| Non-recurring operating charges | 66A | €4,132 | - | -€4,132 | |
| Gross operating margin | 9900 | -€27,131 | €3,964 | +€31,095 | |
| Operating profit (loss) | 9901 | -€40,997 | €396 | +€41,393 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,579 | €147 | -€1,432 | -90.7% |
| Recurring financial charges | 65 | €1,579 | €147 | -€1,432 | -90.7% |
| Profit (loss) for the period before taxes | 9903 | -€42,576 | €249 | +€42,825 | |
| Income taxes | 67/77 | €221 | - | -€221 | |
| Profit (loss) for the period | 9904 | -€42,797 | €249 | +€43,046 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,797 | €249 | +€43,046 |
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 27 October 2026 via checked.be.