GEZTECH: 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.
GEZTECH
Largest movements
- Tangible fixed assets -€18,190
down €18,190 (-20.2%), from €89,934 to €71,743
of which Furniture and vehicles: -€18,494
- Cash -€8,664
down €8,664 (-30.5%), from €28,448 to €19,784
mainly Debts after one year (-€48,384) and Trade debts (-€17,165)
- Receivables within one year +€2,622
up €2,622 (+5.9%), from €44,614 to €47,236
of which Trade receivables: +€4,442
- Debts after one year -€48,384
down €48,384 (-49.2%), from €98,282 to €49,898
- Trade debts -€17,165
down €17,165 (-89.7%), from €19,138 to €1,973
- Current portion of long-term debt +€16,770
up €16,770 (+1410.7%), from €1,189 to €17,959
- Tax, wage and social debts +€14,753
new in 2025: €14,753
of which Taxes: +€9,227
- Reserves +€9,794
up €9,794 (+23.4%), from €41,887 to €51,681
- Staff costs +€26,295
up €26,295 (+15061.0%), from €175 to €26,470
- Depreciation +€10,900
up €10,900 (+104.8%), from €10,402 to €21,302
- Taxes -€5,480
down €5,480 (-49.7%), from €11,031 to €5,550
- Financial charges +€1,546
up €1,546 (+36.5%), from €4,232 to €5,778
- Financial income +€1,050
up €1,050 (+2999.2%), from €35 to €1,085
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 | €162,995 | €138,763 | -€24,232 | -14.9% |
| Fixed assets | 21/28 | €89,934 | €71,743 | -€18,190 | -20.2% |
| Tangible fixed assets | 22/27 | €89,934 | €71,743 | -€18,190 | -20.2% |
| Plant, machinery and equipment | 23 | €6,627 | €6,931 | +€304 | +4.6% |
| Furniture and vehicles | 24 | €83,306 | €64,813 | -€18,494 | -22.2% |
| Current assets | 29/58 | €73,062 | €67,020 | -€6,042 | -8.3% |
| Amounts receivable within one year | 40/41 | €44,614 | €47,236 | +€2,622 | +5.9% |
| Trade receivables | 40 | €21,283 | €25,724 | +€4,442 | +20.9% |
| Other amounts receivable | 41 | €23,331 | €21,511 | -€1,820 | -7.8% |
| Cash at bank and in hand | 54/58 | €28,448 | €19,784 | -€8,664 | -30.5% |
| Total equity and liabilities | 10/49 | €162,995 | €138,763 | -€24,232 | -14.9% |
| Equity | 10/15 | €44,387 | €54,181 | +€9,794 | +22.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €41,887 | €51,681 | +€9,794 | +23.4% |
| Distributable reserves | 133 | €41,887 | €51,681 | +€9,794 | +23.4% |
| Amounts payable | 17/49 | €118,608 | €84,582 | -€34,026 | -28.7% |
| Amounts payable after more than one year | 17 | €98,282 | €49,898 | -€48,384 | -49.2% |
| Financial debts | 170/4 | €98,282 | €49,898 | -€48,384 | -49.2% |
| Amounts payable within one year | 42/48 | €20,327 | €34,684 | +€14,358 | +70.6% |
| Current portion of amounts payable after more than one year | 42 | €1,189 | €17,959 | +€16,770 | +1410.7% |
| Trade debts | 44 | €19,138 | €1,973 | -€17,165 | -89.7% |
| Suppliers | 440/4 | €19,138 | €1,973 | -€17,165 | -89.7% |
| Taxes, remuneration and social security | 45 | - | €14,753 | +€14,753 | |
| Taxes | 450/3 | - | €9,227 | +€9,227 | |
| Remuneration and social security | 454/9 | - | €5,526 | +€5,526 | |
| Non-recurring operating income | 76A | - | €1,538 | +€1,538 | |
| Remuneration, social security and pensions | 62 | €175 | €26,470 | +€26,295 | +15061.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,402 | €21,302 | +€10,900 | +104.8% |
| Other operating charges | 640/8 | €2,677 | €2,698 | +€21 | +0.8% |
| Gross operating margin | 9900 | €70,367 | €70,506 | +€139 | +0.2% |
| Operating profit (loss) | 9901 | €57,114 | €20,037 | -€37,077 | -64.9% |
| Financial income | 75/76B | €35 | €1,085 | +€1,050 | +2999.2% |
| Recurring financial income | 75 | €35 | €1,085 | +€1,050 | +2999.2% |
| Financial charges | 65/66B | €4,232 | €5,778 | +€1,546 | +36.5% |
| Recurring financial charges | 65 | €4,232 | €5,778 | +€1,546 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €52,917 | €15,344 | -€37,573 | -71.0% |
| Income taxes | 67/77 | €11,031 | €5,550 | -€5,480 | -49.7% |
| Profit (loss) for the period | 9904 | €41,887 | €9,794 | -€32,093 | -76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,887 | €9,794 | -€32,093 | -76.6% |
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 1 October 2026 via checked.be.