GETO: 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.
GETO
Largest movements
- Tangible fixed assets -€20,113
down €20,113 (-8.5%), from €236,181 to €216,067
- Cash +€4,847
up €4,847 (+27.5%), from €17,602 to €22,449
mainly Depreciation (+€20,113) and Net result for the year (+€3,602)
- Debts after one year -€16,617
down €16,617 (-6.6%), from €252,420 to €235,804
- Profit (loss) carried forward +€3,602
up €3,602 (+6.7%), from -€53,931 to -€50,329
- Current portion of long-term debt -€2,588
down €2,588 (-13.0%), from €19,972 to €17,385
- Financial charges +€2,122
up €2,122 (+52.4%), from €4,051 to €6,172
- Gross operating margin +€1,701
up €1,701 (+5.6%), from €30,242 to €31,943
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €254,887 | €239,933 | -€14,954 | -5.9% |
| Fixed assets | 21/28 | €236,181 | €216,067 | -€20,113 | -8.5% |
| Tangible fixed assets | 22/27 | €236,181 | €216,067 | -€20,113 | -8.5% |
| Land and buildings | 22 | €236,181 | €216,067 | -€20,113 | -8.5% |
| Current assets | 29/58 | €18,706 | €23,866 | +€5,159 | +27.6% |
| Amounts receivable within one year | 40/41 | - | €1,417 | +€1,417 | |
| Trade receivables | 40 | - | €1,417 | +€1,417 | |
| Cash at bank and in hand | 54/58 | €17,602 | €22,449 | +€4,847 | +27.5% |
| Deferred charges and accrued income | 490/1 | €1,105 | - | -€1,105 | |
| Total equity and liabilities | 10/49 | €254,887 | €239,933 | -€14,954 | -5.9% |
| Equity | 10/15 | -€18,931 | -€15,329 | +€3,602 | +19.0% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,931 | -€50,329 | +€3,602 | +6.7% |
| Amounts payable | 17/49 | €273,818 | €255,261 | -€18,557 | -6.8% |
| Amounts payable after more than one year | 17 | €252,420 | €235,804 | -€16,617 | -6.6% |
| Financial debts | 170/4 | €252,420 | €235,804 | -€16,617 | -6.6% |
| Amounts payable within one year | 42/48 | €19,972 | €17,453 | -€2,520 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €19,972 | €17,385 | -€2,588 | -13.0% |
| Trade debts | 44 | - | €68 | +€68 | |
| Suppliers | 440/4 | - | €68 | +€68 | |
| Accrued charges and deferred income | 492/3 | €1,425 | €2,005 | +€580 | +40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,113 | €20,113 | = | 0.0% |
| Other operating charges | 640/8 | €1,997 | €2,055 | +€58 | +2.9% |
| Gross operating margin | 9900 | €30,242 | €31,943 | +€1,701 | +5.6% |
| Operating profit (loss) | 9901 | €8,132 | €9,775 | +€1,643 | +20.2% |
| Financial charges | 65/66B | €4,051 | €6,172 | +€2,122 | +52.4% |
| Recurring financial charges | 65 | €4,051 | €6,172 | +€2,122 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | €4,082 | €3,602 | -€479 | -11.7% |
| Profit (loss) for the period | 9904 | €4,082 | €3,602 | -€479 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,082 | €3,602 | -€479 | -11.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.