GEZEL-PEETERS: 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.
GEZEL-PEETERS
Largest movements
- Cash +€26,515
up €26,515 (+99.3%), from €26,712 to €53,227
mainly Trade debts (+€12,612) and Receivables within one year (+€8,995)
- Receivables within one year -€8,995
down €8,995 (-16.2%), from €55,528 to €46,534
of which Other amounts receivable: -€6,340
- Trade debts +€12,612
up €12,612 (+39.1%), from €32,267 to €44,879
- Profit (loss) carried forward +€6,584
up €6,584 (+19.7%), from €33,494 to €40,078
- Current portion of long-term debt -€1,410
down €1,410 (-40.4%), from €3,489 to €2,079
- Gross operating margin +€14,393
up €14,393, from -€9,569 to €4,824
- Taxes -€2,606
new in 2025: -€2,606
- Financial income +€808
up €808 (+100%), from €806 to €1,614
- Other operating charges +€330
up €330 (+61.1%), from €540 to €870
- Depreciation +€173
up €173 (+68.3%), from €254 to €427
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 | €98,258 | €116,044 | +€17,786 | +18.1% |
| Fixed assets | 21/28 | €762 | €1,028 | +€266 | +34.9% |
| Tangible fixed assets | 22/27 | €762 | €1,028 | +€266 | +34.9% |
| Plant, machinery and equipment | 23 | €762 | €1,028 | +€266 | +34.9% |
| Current assets | 29/58 | €97,496 | €115,017 | +€17,520 | +18.0% |
| Stocks and contracts in progress | 3 | €15,257 | €15,257 | = | 0.0% |
| Stocks | 30/36 | €15,257 | €15,257 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €55,528 | €46,534 | -€8,995 | -16.2% |
| Trade receivables | 40 | €7,543 | €4,888 | -€2,655 | -35.2% |
| Other amounts receivable | 41 | €47,985 | €41,645 | -€6,340 | -13.2% |
| Cash at bank and in hand | 54/58 | €26,712 | €53,227 | +€26,515 | +99.3% |
| Total equity and liabilities | 10/49 | €98,258 | €116,044 | +€17,786 | +18.1% |
| Equity | 10/15 | €62,502 | €69,086 | +€6,584 | +10.5% |
| Contributions | 10/11 | €15,118 | €15,118 | = | 0.0% |
| Contributions outside capital | 11 | €15,118 | €15,118 | = | 0.0% |
| Other | 1109/19 | €15,118 | €15,118 | = | 0.0% |
| Reserves | 13 | €13,890 | €13,890 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,031 | €12,031 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,494 | €40,078 | +€6,584 | +19.7% |
| Amounts payable | 17/49 | €35,756 | €46,958 | +€11,202 | +31.3% |
| Amounts payable within one year | 42/48 | €35,756 | €46,958 | +€11,202 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €3,489 | €2,079 | -€1,410 | -40.4% |
| Trade debts | 44 | €32,267 | €44,879 | +€12,612 | +39.1% |
| Suppliers | 440/4 | €32,267 | €44,879 | +€12,612 | +39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254 | €427 | +€173 | +68.3% |
| Other operating charges | 640/8 | €540 | €870 | +€330 | +61.1% |
| Gross operating margin | 9900 | -€9,569 | €4,824 | +€14,393 | |
| Operating profit (loss) | 9901 | -€10,363 | €3,527 | +€13,890 | |
| Financial income | 75/76B | €806 | €1,614 | +€808 | +100% |
| Recurring financial income | 75 | €806 | €1,614 | +€808 | +100% |
| Financial charges | 65/66B | €999 | €1,164 | +€164 | +16.4% |
| Recurring financial charges | 65 | €999 | €1,164 | +€164 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,556 | €3,978 | +€14,533 | |
| Income taxes | 67/77 | - | -€2,606 | -€2,606 | |
| Profit (loss) for the period | 9904 | -€10,556 | €6,584 | +€17,140 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,556 | €6,584 | +€17,140 |
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 20 October 2026 via checked.be.