GEZEN: 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.
GEZEN
Largest movements
- Cash -€61,932
down €61,932 (-37.6%), from €164,559 to €102,627
mainly Contributions, distributions and other (-€48,000) and Other debts (-€28,189)
- Other debts -€28,189
down €28,189 (-29.4%), from €95,912 to €67,723
- Tax, wage and social debts -€25,469
down €25,469 (-50.0%), from €50,960 to €25,491
of which Taxes: -€20,467
- Trade debts -€12,307
down €12,307 (-46.4%), from €26,508 to €14,201
- Staff costs +€27,389
up €27,389 (+50.1%), from €54,651 to €82,040
- Gross operating margin -€21,500
down €21,500 (-12.0%), from €179,657 to €158,157
- Taxes -€11,180
down €11,180 (-46.4%), from €24,085 to €12,905
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 | €180,980 | €116,210 | -€64,770 | -35.8% |
| Fixed assets | 21/28 | €11,125 | €9,318 | -€1,807 | -16.2% |
| Tangible fixed assets | 22/27 | €11,125 | €9,318 | -€1,807 | -16.2% |
| Plant, machinery and equipment | 23 | €9,925 | €9,018 | -€907 | -9.1% |
| Furniture and vehicles | 24 | €1,200 | €300 | -€900 | -75.0% |
| Current assets | 29/58 | €169,855 | €106,892 | -€62,963 | -37.1% |
| Stocks and contracts in progress | 3 | €2,419 | €1,209 | -€1,210 | -50.0% |
| Stocks | 30/36 | €2,419 | €1,209 | -€1,210 | -50.0% |
| Amounts receivable within one year | 40/41 | €2,877 | €3,056 | +€179 | +6.2% |
| Trade receivables | 40 | €12 | - | -€12 | |
| Other amounts receivable | 41 | €2,865 | €3,056 | +€191 | +6.7% |
| Cash at bank and in hand | 54/58 | €164,559 | €102,627 | -€61,932 | -37.6% |
| Total equity and liabilities | 10/49 | €180,980 | €116,210 | -€64,770 | -35.8% |
| Equity | 10/15 | €7,600 | €8,795 | +€1,195 | +15.7% |
| Contributions | 10/11 | €1,480 | €1,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,120 | €7,315 | +€1,195 | +19.5% |
| Amounts payable | 17/49 | €173,380 | €107,415 | -€65,965 | -38.0% |
| Amounts payable within one year | 42/48 | €173,380 | €107,415 | -€65,965 | -38.0% |
| Trade debts | 44 | €26,508 | €14,201 | -€12,307 | -46.4% |
| Suppliers | 440/4 | €26,508 | €14,201 | -€12,307 | -46.4% |
| Taxes, remuneration and social security | 45 | €50,960 | €25,491 | -€25,469 | -50.0% |
| Taxes | 450/3 | €38,601 | €18,134 | -€20,467 | -53.0% |
| Remuneration and social security | 454/9 | €12,359 | €7,357 | -€5,002 | -40.5% |
| Other amounts payable | 47/48 | €95,912 | €67,723 | -€28,189 | -29.4% |
| Remuneration, social security and pensions | 62 | €54,651 | €82,040 | +€27,389 | +50.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,630 | €8,507 | +€877 | +11.5% |
| Other operating charges | 640/8 | €1,653 | €1,815 | +€162 | +9.8% |
| Gross operating margin | 9900 | €179,657 | €158,157 | -€21,500 | -12.0% |
| Operating profit (loss) | 9901 | €115,723 | €65,795 | -€49,928 | -43.1% |
| Financial charges | 65/66B | €4,945 | €3,695 | -€1,250 | -25.3% |
| Recurring financial charges | 65 | €4,945 | €3,695 | -€1,250 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €110,778 | €62,100 | -€48,678 | -43.9% |
| Income taxes | 67/77 | €24,085 | €12,905 | -€11,180 | -46.4% |
| Profit (loss) for the period | 9904 | €86,693 | €49,195 | -€37,498 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €86,693 | €49,195 | -€37,498 | -43.3% |
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 6 October 2026 via checked.be.