G.E.C. Technology: 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.
G.E.C. Technology
Largest movements
- Cash +€91,649
up €91,649 (+151.1%), from €60,644 to €152,293
mainly Trade debts (+€46,621) and Debts after one year (+€37,363)
- Receivables within one year +€14,808
up €14,808 (+13.1%), from €113,323 to €128,131
of which Trade receivables: +€14,439
- Tangible fixed assets +€10,079
up €10,079 (+3.2%), from €316,473 to €326,552
of which Furniture and vehicles: +€16,681
- Trade debts +€46,621
up €46,621 (+83.6%), from €55,794 to €102,415
- Debts after one year +€37,363
up €37,363 (+22.3%), from €167,829 to €205,192
- Current portion of long-term debt +€12,363
up €12,363 (+86.6%), from €14,275 to €26,638
- Other debts +€9,634
up €9,634 (+9.0%), from €107,200 to €116,834
- Tax, wage and social debts +€9,354
up €9,354 (+8.3%), from €112,741 to €122,094
of which Taxes: +€11,088
- Staff costs +€112,409
up €112,409 (+30.0%), from €374,134 to €486,543
- Gross operating margin +€107,548
up €107,548 (+24.1%), from €445,572 to €553,120
- Other operating charges +€8,062
up €8,062 (+212.6%), from €3,792 to €11,855
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 | €490,441 | €606,976 | +€116,535 | +23.8% |
| Fixed assets | 21/28 | €316,473 | €326,552 | +€10,079 | +3.2% |
| Tangible fixed assets | 22/27 | €316,473 | €326,552 | +€10,079 | +3.2% |
| Land and buildings | 22 | €304,622 | €295,662 | -€8,960 | -2.9% |
| Plant, machinery and equipment | 23 | €3,599 | €4,744 | +€1,145 | +31.8% |
| Furniture and vehicles | 24 | €6,725 | €23,406 | +€16,681 | +248.0% |
| Leasing and similar rights | 25 | €1,527 | €2,740 | +€1,213 | +79.4% |
| Current assets | 29/58 | €173,967 | €280,424 | +€106,456 | +61.2% |
| Amounts receivable within one year | 40/41 | €113,323 | €128,131 | +€14,808 | +13.1% |
| Trade receivables | 40 | €113,323 | €127,763 | +€14,439 | +12.7% |
| Other amounts receivable | 41 | - | €369 | +€369 | |
| Cash at bank and in hand | 54/58 | €60,644 | €152,293 | +€91,649 | +151.1% |
| Total equity and liabilities | 10/49 | €490,441 | €606,976 | +€116,535 | +23.8% |
| Equity | 10/15 | €32,601 | €33,802 | +€1,201 | +3.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €10,355 | €10,355 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,500 | €8,500 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,696 | €4,897 | +€1,201 | +32.5% |
| Amounts payable | 17/49 | €457,840 | €573,174 | +€115,334 | +25.2% |
| Amounts payable after more than one year | 17 | €167,829 | €205,192 | +€37,363 | +22.3% |
| Financial debts | 170/4 | €167,829 | €205,192 | +€37,363 | +22.3% |
| Amounts payable within one year | 42/48 | €290,011 | €367,982 | +€77,971 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €14,275 | €26,638 | +€12,363 | +86.6% |
| Trade debts | 44 | €55,794 | €102,415 | +€46,621 | +83.6% |
| Suppliers | 440/4 | €55,794 | €102,415 | +€46,621 | +83.6% |
| Taxes, remuneration and social security | 45 | €112,741 | €122,094 | +€9,354 | +8.3% |
| Taxes | 450/3 | €54,974 | €66,061 | +€11,088 | +20.2% |
| Remuneration and social security | 454/9 | €57,767 | €56,033 | -€1,734 | -3.0% |
| Other amounts payable | 47/48 | €107,200 | €116,834 | +€9,634 | +9.0% |
| Remuneration, social security and pensions | 62 | €374,134 | €486,543 | +€112,409 | +30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,226 | €16,440 | -€786 | -4.6% |
| Other operating charges | 640/8 | €3,792 | €11,855 | +€8,062 | +212.6% |
| Gross operating margin | 9900 | €445,572 | €553,120 | +€107,548 | +24.1% |
| Operating profit (loss) | 9901 | €50,420 | €38,282 | -€12,137 | -24.1% |
| Financial charges | 65/66B | €2,344 | €3,236 | +€892 | +38.1% |
| Recurring financial charges | 65 | €2,344 | €3,236 | +€892 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | €48,076 | €35,047 | -€13,029 | -27.1% |
| Income taxes | 67/77 | €15,930 | €13,845 | -€2,085 | -13.1% |
| Profit (loss) for the period | 9904 | €32,146 | €21,201 | -€10,945 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,146 | €21,201 | -€10,945 | -34.0% |
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 8 October 2026 via checked.be.