GCONIT: 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.
GCONIT
Largest movements
- Cash +€314,858
up €314,858 (+735%), from €42,847 to €357,704
mainly Investment in fixed assets (net) (+€267,413) and Net result for the year (+€138,355)
- Tangible fixed assets -€276,216
down €276,216 (-49.2%), from €560,945 to €284,728
of which Land and buildings: -€275,248
- Deferred charges and accrued income -€19,230
down €19,230 (-84.9%), from €22,662 to €3,433
- Debts after one year -€63,491
down €63,491 (-25.2%), from €252,342 to €188,851
- Reserves +€63,355
up €63,355 (+19.7%), from €320,974 to €384,329
- Trade debts -€23,295
down €23,295 (-85.9%), from €27,121 to €3,826
- Tax, wage and social debts +€19,997
up €19,997 (+110%), from €18,228 to €38,225
- Other debts +€18,667
up €18,667 (+1,008%), from €1,852 to €20,518
- Gross operating margin +€23,861
up €23,861 (+11.2%), from €212,427 to €236,287
- Taxes +€14,484
up €14,484 (+22.9%), from €63,320 to €77,804
- Depreciation -€8,980
down €8,980 (-50.5%), from €17,784 to €8,804
- Financial income +€3,058
up €3,058 (+7,902%), from €39 to €3,097
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 | €690,763 | €707,861 | +€17,098 | +2.5% |
| Fixed assets | 21/28 | €581,645 | €305,428 | -€276,216 | -47.5% |
| Tangible fixed assets | 22/27 | €560,945 | €284,728 | -€276,216 | -49.2% |
| Land and buildings | 22 | €557,932 | €282,683 | -€275,248 | -49.3% |
| Plant, machinery and equipment | 23 | €1,930 | - | -€1,930 | |
| Furniture and vehicles | 24 | €1,083 | €2,045 | +€962 | +88.9% |
| Financial fixed assets | 28 | €20,700 | €20,700 | = | 0.0% |
| Current assets | 29/58 | €109,118 | €402,433 | +€293,315 | +269% |
| Stocks and contracts in progress | 3 | €2,181 | €2,033 | -€148 | -6.8% |
| Stocks | 30/36 | €2,181 | €2,033 | -€148 | -6.8% |
| Amounts receivable within one year | 40/41 | €41,428 | €39,263 | -€2,166 | -5.2% |
| Trade receivables | 40 | €41,428 | €39,263 | -€2,166 | -5.2% |
| Cash at bank and in hand | 54/58 | €42,847 | €357,704 | +€314,858 | +735% |
| Deferred charges and accrued income | 490/1 | €22,662 | €3,433 | -€19,230 | -84.9% |
| Total equity and liabilities | 10/49 | €690,763 | €707,861 | +€17,098 | +2.5% |
| Equity | 10/15 | €327,174 | €390,529 | +€63,355 | +19.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €320,974 | €384,329 | +€63,355 | +19.7% |
| Distributable reserves | 133 | €320,974 | €384,329 | +€63,355 | +19.7% |
| Amounts payable | 17/49 | €363,589 | €317,332 | -€46,257 | -12.7% |
| Amounts payable after more than one year | 17 | €252,342 | €188,851 | -€63,491 | -25.2% |
| Financial debts | 170/4 | €252,342 | €188,851 | -€63,491 | -25.2% |
| Amounts payable within one year | 42/48 | €109,916 | €126,061 | +€16,145 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €62,715 | €63,491 | +€777 | +1.2% |
| Trade debts | 44 | €27,121 | €3,826 | -€23,295 | -85.9% |
| Suppliers | 440/4 | €27,121 | €3,826 | -€23,295 | -85.9% |
| Taxes, remuneration and social security | 45 | €18,228 | €38,225 | +€19,997 | +110% |
| Taxes | 450/3 | €18,228 | €38,225 | +€19,997 | +110% |
| Other amounts payable | 47/48 | €1,852 | €20,518 | +€18,667 | +1,008% |
| Accrued charges and deferred income | 492/3 | €1,331 | €2,420 | +€1,089 | +81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,784 | €8,804 | -€8,980 | -50.5% |
| Other operating charges | 640/8 | €4,296 | €3,607 | -€689 | -16.0% |
| Gross operating margin | 9900 | €212,427 | €236,287 | +€23,861 | +11.2% |
| Operating profit (loss) | 9901 | €190,347 | €223,876 | +€33,530 | +17.6% |
| Financial income | 75/76B | €39 | €3,097 | +€3,058 | +7,902% |
| Recurring financial income | 75 | €39 | €3,097 | +€3,058 | +7,902% |
| Financial charges | 65/66B | €9,623 | €10,813 | +€1,190 | +12.4% |
| Recurring financial charges | 65 | €9,623 | €10,813 | +€1,190 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €180,762 | €216,160 | +€35,397 | +19.6% |
| Income taxes | 67/77 | €63,320 | €77,804 | +€14,484 | +22.9% |
| Profit (loss) for the period | 9904 | €117,442 | €138,355 | +€20,913 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €117,442 | €138,355 | +€20,913 | +17.8% |
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 31 October 2026 via checked.be.