Gaccoo: what changed
What changed
Gaccoo
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€281,771
2024 · €185,340+€96,431
Equity
€359,696
2024 · €197,925+€161,771
Cash
€127,308
2024 · €38,408+€88,901
Balance sheet total
€593,148
2024 · €385,227+€207,921
Largest movements
Assets
- Current investments +€143,914
up €143,914 (+65.2%), from €220,683 to €364,597
- Cash +€88,901
up €88,901 (+231%), from €38,408 to €127,308
mainly Net result for the year (+€281,771) and Tax, wage and social debts (+€46,180)
- Receivables within one year -€21,613
down €21,613 (-20.4%), from €106,087 to €84,475
Equity and liabilities
- Profit (loss) carried forward +€161,771
up €161,771 (+91.2%), from €177,465 to €339,236
- Tax, wage and social debts +€46,180
up €46,180 (+133%), from €34,676 to €80,856
- Current portion of long-term debt +€9,248
up €9,248 (+121%), from €7,625 to €16,873
- Other debts -€9,234
down €9,234 (-7.0%), from €131,768 to €122,534
Income statement
- Gross operating margin +€113,916
up €113,916 (+42.4%), from €268,941 to €382,857
- Taxes +€31,567
up €31,567 (+51.4%), from €61,451 to €93,019
- Other operating charges -€10,892
down €10,892 (-69.5%), from €15,669 to €4,777
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€185,340
Gross operating margin
+€113,916
Depreciation
-€167
Other operating charges
+€10,892
Other operating items
+€220
Financial income
+€3,113
Financial charges
+€25
Taxes
-€31,567
Result 2025
€281,771
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€344,888
Investment
-€145,235
Financing
-€110,752
Cash 2024
€38,408
From operations (derived)
+€344,888
Net result for the year
+€281,771
Depreciation
+€4,914
Receivables within one year
+€21,613
Smaller working-capital items
-€355
Tax, wage and social debts
+€46,180
Other debts
-€9,234
Investment (derived)
-€145,235
Investment in fixed assets (net)
-€1,321
Current investments
-€143,914
Financing
-€110,752
Current portion of long-term debt
+€9,248
Contributions, distributions and other
-€120,000
Cash 2025
€127,308
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €385,227 | €593,148 | +€207,921 | +54.0% |
| Fixed assets | 21/28 | €8,441 | €4,849 | -€3,592 | -42.6% |
| Tangible fixed assets | 22/27 | €8,341 | €4,749 | -€3,592 | -43.1% |
| Furniture and vehicles | 24 | €8,341 | €4,749 | -€3,592 | -43.1% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €376,786 | €588,299 | +€211,513 | +56.1% |
| Amounts receivable within one year | 40/41 | €106,087 | €84,475 | -€21,613 | -20.4% |
| Trade receivables | 40 | €106,087 | €84,475 | -€21,613 | -20.4% |
| Current investments | 50/53 | €220,683 | €364,597 | +€143,914 | +65.2% |
| Cash at bank and in hand | 54/58 | €38,408 | €127,308 | +€88,901 | +231% |
| Deferred charges and accrued income | 490/1 | €11,608 | €11,919 | +€311 | +2.7% |
| Total equity and liabilities | 10/49 | €385,227 | €593,148 | +€207,921 | +54.0% |
| Equity | 10/15 | €197,925 | €359,696 | +€161,771 | +81.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €177,465 | €339,236 | +€161,771 | +91.2% |
| Amounts payable | 17/49 | €187,302 | €233,452 | +€46,150 | +24.6% |
| Amounts payable within one year | 42/48 | €187,302 | €233,452 | +€46,150 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €7,625 | €16,873 | +€9,248 | +121% |
| Trade debts | 44 | €13,233 | €13,189 | -€44 | -0.3% |
| Suppliers | 440/4 | €13,233 | €13,189 | -€44 | -0.3% |
| Taxes, remuneration and social security | 45 | €34,676 | €80,856 | +€46,180 | +133% |
| Taxes | 450/3 | €34,676 | €80,856 | +€46,180 | +133% |
| Other amounts payable | 47/48 | €131,768 | €122,534 | -€9,234 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,746 | €4,914 | +€167 | +3.5% |
| Other operating charges | 640/8 | €15,669 | €4,777 | -€10,892 | -69.5% |
| Non-recurring operating charges | 66A | €410 | €190 | -€220 | -53.6% |
| Gross operating margin | 9900 | €268,941 | €382,857 | +€113,916 | +42.4% |
| Operating profit (loss) | 9901 | €248,116 | €372,976 | +€124,860 | +50.3% |
| Financial income | 75/76B | €1,930 | €5,042 | +€3,113 | +161% |
| Recurring financial income | 75 | €1,930 | €5,042 | +€3,113 | +161% |
| Financial charges | 65/66B | €3,254 | €3,229 | -€25 | -0.8% |
| Recurring financial charges | 65 | €3,254 | €3,229 | -€25 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €246,791 | €374,789 | +€127,998 | +51.9% |
| Income taxes | 67/77 | €61,451 | €93,019 | +€31,567 | +51.4% |
| Profit (loss) for the period | 9904 | €185,340 | €281,771 | +€96,431 | +52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €185,340 | €281,771 | +€96,431 | +52.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.