GEZIM: 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.
GEZIM
Largest movements
- Receivables within one year +€2,691
new in 2025: €2,691
- Stocks and contracts +€590
up €590 (+15.1%), from €3,903 to €4,493
- Deferred charges and accrued income +€583
up €583 (+84.1%), from €693 to €1,277
- Cash -€382
down €382 (-60.4%), from €632 to €250
mainly Other debts (-€5,730) and Receivables within one year (-€2,691)
- Profit (loss) carried forward +€7,547
up €7,547 (+8.4%), from -€90,369 to -€82,822
- Other debts -€5,730
down €5,730 (-88.5%), from €6,477 to €747
- Trade debts +€3,109
up €3,109 (+187%), from €1,667 to €4,776
- Tax, wage and social debts -€2,212
down €2,212 (-18.3%), from €12,108 to €9,896
- Short-term financial debts +€769
new in 2025: €769
- Gross operating margin -€5,366
down €5,366 (-29.7%), from €18,051 to €12,685
- Other operating charges -€2,580
down €2,580 (-73.6%), from €3,508 to €927
- Financial charges -€988
down €988 (-41.1%), from €2,407 to €1,419
- Taxes -€329
down €329 (-10.5%), from €3,122 to €2,793
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 | €5,228 | €8,711 | +€3,483 | +66.6% |
| Current assets | 29/58 | €5,228 | €8,711 | +€3,483 | +66.6% |
| Stocks and contracts in progress | 3 | €3,903 | €4,493 | +€590 | +15.1% |
| Stocks | 30/36 | €3,903 | €4,493 | +€590 | +15.1% |
| Amounts receivable within one year | 40/41 | - | €2,691 | +€2,691 | |
| Other amounts receivable | 41 | - | €2,691 | +€2,691 | |
| Cash at bank and in hand | 54/58 | €632 | €250 | -€382 | -60.4% |
| Deferred charges and accrued income | 490/1 | €693 | €1,277 | +€583 | +84.1% |
| Total equity and liabilities | 10/49 | €5,228 | €8,711 | +€3,483 | +66.6% |
| Equity | 10/15 | -€15,025 | -€7,478 | +€7,547 | +50.2% |
| Contributions | 10/11 | €40,768 | €40,768 | = | 0.0% |
| Reserves | 13 | €34,576 | €34,576 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,077 | €4,077 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,077 | €4,077 | = | 0.0% |
| Distributable reserves | 133 | €30,499 | €30,499 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,369 | -€82,822 | +€7,547 | +8.4% |
| Amounts payable | 17/49 | €20,253 | €16,189 | -€4,063 | -20.1% |
| Amounts payable within one year | 42/48 | €20,253 | €16,189 | -€4,063 | -20.1% |
| Financial debts | 43 | - | €769 | +€769 | |
| Credit institutions | 430/8 | - | €769 | +€769 | |
| Trade debts | 44 | €1,667 | €4,776 | +€3,109 | +187% |
| Suppliers | 440/4 | €1,667 | €4,776 | +€3,109 | +187% |
| Taxes, remuneration and social security | 45 | €12,108 | €9,896 | -€2,212 | -18.3% |
| Taxes | 450/3 | €12,108 | €9,896 | -€2,212 | -18.3% |
| Other amounts payable | 47/48 | €6,477 | €747 | -€5,730 | -88.5% |
| Other operating charges | 640/8 | €3,508 | €927 | -€2,580 | -73.6% |
| Gross operating margin | 9900 | €18,051 | €12,685 | -€5,366 | -29.7% |
| Operating profit (loss) | 9901 | €14,543 | €11,758 | -€2,785 | -19.2% |
| Financial charges | 65/66B | €2,407 | €1,419 | -€988 | -41.1% |
| Recurring financial charges | 65 | €2,407 | €1,419 | -€988 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €12,137 | €10,339 | -€1,797 | -14.8% |
| Income taxes | 67/77 | €3,122 | €2,793 | -€329 | -10.5% |
| Profit (loss) for the period | 9904 | €9,015 | €7,547 | -€1,468 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,015 | €7,547 | -€1,468 | -16.3% |
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 13 October 2026 via checked.be.