GCI CONCEPT: 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.
GCI CONCEPT
Largest movements
- Tangible fixed assets -€55,026
down €55,026 (-35.7%), from €154,171 to €99,145
- Receivables within one year -€32,047
down €32,047 (-14.0%), from €229,105 to €197,058
of which Trade receivables: -€19,974
- Cash +€8,362
up €8,362 (+185%), from €4,517 to €12,880
mainly Depreciation (+€40,839) and Receivables within one year (+€32,047)
- Debts after one year -€23,849
down €23,849 (-26.7%), from €89,178 to €65,328
- Trade debts -€23,448
down €23,448 (-15.6%), from €150,246 to €126,799
- Other debts -€15,915
down €15,915 (-28.0%), from €56,920 to €41,005
- Profit (loss) carried forward -€13,288
down €13,288 (-36.8%), from €36,103 to €22,814
- Tax, wage and social debts -€5,415
down €5,415 (-14.6%), from €37,056 to €31,641
of which Taxes: -€4,173
- Gross operating margin +€31,324
up €31,324 (+19.6%), from €159,705 to €191,029
- Depreciation +€16,601
up €16,601 (+68.5%), from €24,238 to €40,839
- Other operating charges +€10,580
up €10,580 (+112%), from €9,416 to €19,995
- Staff costs +€6,350
up €6,350 (+6.5%), from €97,854 to €104,204
- Taxes +€3,327
up €3,327 (+61.0%), from €5,456 to €8,783
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 | €401,098 | €321,436 | -€79,661 | -19.9% |
| Fixed assets | 21/28 | €157,671 | €102,645 | -€55,026 | -34.9% |
| Tangible fixed assets | 22/27 | €154,171 | €99,145 | -€55,026 | -35.7% |
| Furniture and vehicles | 24 | €154,171 | €99,145 | -€55,026 | -35.7% |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €243,426 | €218,791 | -€24,635 | -10.1% |
| Amounts receivable within one year | 40/41 | €229,105 | €197,058 | -€32,047 | -14.0% |
| Trade receivables | 40 | €198,558 | €178,584 | -€19,974 | -10.1% |
| Other amounts receivable | 41 | €30,547 | €18,474 | -€12,073 | -39.5% |
| Cash at bank and in hand | 54/58 | €4,517 | €12,880 | +€8,362 | +185% |
| Deferred charges and accrued income | 490/1 | €9,804 | €8,853 | -€951 | -9.7% |
| Total equity and liabilities | 10/49 | €401,098 | €321,436 | -€79,661 | -19.9% |
| Equity | 10/15 | €46,103 | €32,814 | -€13,288 | -28.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,103 | €22,814 | -€13,288 | -36.8% |
| Amounts payable | 17/49 | €354,995 | €288,622 | -€66,373 | -18.7% |
| Amounts payable after more than one year | 17 | €89,178 | €65,328 | -€23,849 | -26.7% |
| Financial debts | 170/4 | €89,178 | €65,328 | -€23,849 | -26.7% |
| Amounts payable within one year | 42/48 | €265,817 | €223,293 | -€42,524 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €21,595 | €23,849 | +€2,254 | +10.4% |
| Trade debts | 44 | €150,246 | €126,799 | -€23,448 | -15.6% |
| Suppliers | 440/4 | €150,246 | €126,799 | -€23,448 | -15.6% |
| Taxes, remuneration and social security | 45 | €37,056 | €31,641 | -€5,415 | -14.6% |
| Taxes | 450/3 | €21,313 | €17,140 | -€4,173 | -19.6% |
| Remuneration and social security | 454/9 | €15,743 | €14,501 | -€1,241 | -7.9% |
| Other amounts payable | 47/48 | €56,920 | €41,005 | -€15,915 | -28.0% |
| Remuneration, social security and pensions | 62 | €97,854 | €104,204 | +€6,350 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,238 | €40,839 | +€16,601 | +68.5% |
| Other operating charges | 640/8 | €9,416 | €19,995 | +€10,580 | +112% |
| Gross operating margin | 9900 | €159,705 | €191,029 | +€31,324 | +19.6% |
| Operating profit (loss) | 9901 | €28,198 | €25,991 | -€2,207 | -7.8% |
| Financial income | 75/76B | €338 | €506 | +€167 | +49.4% |
| Recurring financial income | 75 | €338 | €506 | +€167 | +49.4% |
| Financial charges | 65/66B | €14,214 | €13,145 | -€1,069 | -7.5% |
| Recurring financial charges | 65 | €14,214 | €13,145 | -€1,069 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €14,322 | €13,351 | -€971 | -6.8% |
| Income taxes | 67/77 | €5,456 | €8,783 | +€3,327 | +61.0% |
| Profit (loss) for the period | 9904 | €8,866 | €4,569 | -€4,297 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,866 | €4,569 | -€4,297 | -48.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.