gEUS.: 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.
gEUS.
Largest movements
- Receivables within one year -€63,461
down €63,461 (-21.8%), from €291,523 to €228,062
of which Other amounts receivable: -€45,699
- Current portion of long-term debt -€80,143
down €80,143 (-72.1%), from €111,147 to €31,004
- Reserves -€40,345
down €40,345 (-7.0%), from €579,765 to €539,420
of which Distributable reserves: -€40,345
- Debts after one year +€28,996
up €28,996 (+11.9%), from €244,538 to €273,534
- Gross operating margin -€28,026
down €28,026 (-23.1%), from €121,183 to €93,157
- Taxes -€8,047
down €8,047 (-26.6%), from €30,241 to €22,194
- Financial income -€5,039
down €5,039 (-29.0%), from €17,400 to €12,362
- Financial charges +€2,128
up €2,128 (+20.2%), from €10,536 to €12,664
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 | €1,076,370 | €1,004,776 | -€71,594 | -6.7% |
| Fixed assets | 21/28 | €781,406 | €772,227 | -€9,179 | -1.2% |
| Tangible fixed assets | 22/27 | €159,107 | €149,928 | -€9,179 | -5.8% |
| Land and buildings | 22 | €154,566 | €148,549 | -€6,017 | -3.9% |
| Plant, machinery and equipment | 23 | €4,541 | €1,379 | -€3,162 | -69.6% |
| Financial fixed assets | 28 | €622,299 | €622,299 | = | 0.0% |
| Current assets | 29/58 | €294,964 | €232,549 | -€62,415 | -21.2% |
| Amounts receivable within one year | 40/41 | €291,523 | €228,062 | -€63,461 | -21.8% |
| Trade receivables | 40 | €17,762 | €0 | -€17,762 | -100% |
| Other amounts receivable | 41 | €273,761 | €228,062 | -€45,699 | -16.7% |
| Cash at bank and in hand | 54/58 | €676 | €4,377 | +€3,700 | +547% |
| Deferred charges and accrued income | 490/1 | €2,764 | €110 | -€2,654 | -96.0% |
| Total equity and liabilities | 10/49 | €1,076,370 | €1,004,776 | -€71,594 | -6.7% |
| Equity | 10/15 | €598,365 | €558,020 | -€40,345 | -6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €579,765 | €539,420 | -€40,345 | -7.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,768 | €19,768 | = | 0.0% |
| Distributable reserves | 133 | €558,137 | €517,792 | -€40,345 | -7.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €478,005 | €446,756 | -€31,249 | -6.5% |
| Amounts payable after more than one year | 17 | €244,538 | €273,534 | +€28,996 | +11.9% |
| Financial debts | 170/4 | €244,538 | €273,534 | +€28,996 | +11.9% |
| Amounts payable within one year | 42/48 | €230,317 | €169,812 | -€60,505 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €111,147 | €31,004 | -€80,143 | -72.1% |
| Financial debts | 43 | €0 | €10,439 | +€10,439 | |
| Credit institutions | 430/8 | €0 | €10,439 | +€10,439 | |
| Trade debts | 44 | €1,736 | €7,803 | +€6,067 | +350% |
| Suppliers | 440/4 | €1,736 | €7,803 | +€6,067 | +350% |
| Taxes, remuneration and social security | 45 | €17,435 | €20,567 | +€3,132 | +18.0% |
| Taxes | 450/3 | €17,435 | €20,567 | +€3,132 | +18.0% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,150 | €3,410 | +€260 | +8.3% |
| Non-recurring operating income | 76A | €7,140 | €0 | -€7,140 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,338 | €9,179 | -€159 | -1.7% |
| Other operating charges | 640/8 | €1,447 | €1,827 | +€379 | +26.2% |
| Gross operating margin | 9900 | €121,183 | €93,157 | -€28,026 | -23.1% |
| Operating profit (loss) | 9901 | €110,398 | €82,151 | -€28,247 | -25.6% |
| Financial income | 75/76B | €17,400 | €12,362 | -€5,039 | -29.0% |
| Recurring financial income | 75 | €17,400 | €12,362 | -€5,039 | -29.0% |
| Financial charges | 65/66B | €10,536 | €12,664 | +€2,128 | +20.2% |
| Recurring financial charges | 65 | €10,536 | €12,664 | +€2,128 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €117,262 | €81,849 | -€35,414 | -30.2% |
| Income taxes | 67/77 | €30,241 | €22,194 | -€8,047 | -26.6% |
| Profit (loss) for the period | 9904 | €87,022 | €59,655 | -€27,367 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €87,022 | €59,655 | -€27,367 | -31.4% |
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 25 October 2026 via checked.be.