G.E.S.C.O.: 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.
G.E.S.C.O.
Largest movements
- Receivables within one year -€7,000
down €7,000 (-36.3%), from €19,274 to €12,274
- Cash -€2,743
down €2,743 (-21.3%), from €12,892 to €10,149
mainly Other debts (-€6,377) and Net result for the year (-€4,175)
- Other debts -€6,377
down €6,377 (-85.0%), from €7,506 to €1,130
- Profit (loss) carried forward -€4,175
down €4,175 (-25.5%), from €16,391 to €12,216
- Trade debts +€780
up €780 (+203%), from €384 to €1,164
- Gross operating margin +€7,988
up €7,988 (+66.8%), from -€11,962 to -€3,974
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 | €32,338 | €22,567 | -€9,772 | -30.2% |
| Fixed assets | 21/28 | €144 | €144 | = | 0.0% |
| Financial fixed assets | 28 | €144 | €144 | = | 0.0% |
| Current assets | 29/58 | €32,195 | €22,423 | -€9,772 | -30.4% |
| Amounts receivable within one year | 40/41 | €19,274 | €12,274 | -€7,000 | -36.3% |
| Trade receivables | 40 | €19,274 | €12,274 | -€7,000 | -36.3% |
| Cash at bank and in hand | 54/58 | €12,892 | €10,149 | -€2,743 | -21.3% |
| Deferred charges and accrued income | 490/1 | €28 | - | -€28 | |
| Total equity and liabilities | 10/49 | €32,338 | €22,567 | -€9,772 | -30.2% |
| Equity | 10/15 | €24,448 | €20,273 | -€4,175 | -17.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,391 | €12,216 | -€4,175 | -25.5% |
| Amounts payable | 17/49 | €7,890 | €2,293 | -€5,597 | -70.9% |
| Amounts payable within one year | 42/48 | €7,890 | €2,293 | -€5,597 | -70.9% |
| Trade debts | 44 | €384 | €1,164 | +€780 | +203% |
| Suppliers | 440/4 | €384 | €1,164 | +€780 | +203% |
| Other amounts payable | 47/48 | €7,506 | €1,130 | -€6,377 | -85.0% |
| Other operating charges | 640/8 | €85 | €7 | -€78 | -91.6% |
| Gross operating margin | 9900 | -€11,962 | -€3,974 | +€7,988 | +66.8% |
| Operating profit (loss) | 9901 | -€12,047 | -€3,981 | +€8,066 | +67.0% |
| Financial charges | 65/66B | €279 | €194 | -€85 | -30.6% |
| Recurring financial charges | 65 | €279 | €194 | -€85 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,326 | -€4,175 | +€8,151 | +66.1% |
| Profit (loss) for the period | 9904 | -€12,326 | -€4,175 | +€8,151 | +66.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,326 | -€4,175 | +€8,151 | +66.1% |
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 21 October 2026 via checked.be.