GE.CO: 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.
GE.CO
Largest movements
- Current investments -€966,208
down €966,208 (-88.5%), from €1.1m to €126,082
- Cash -€56,981
down €56,981 (-96.7%), from €58,932 to €1,951
mainly Debts after one year (-€600,000) and Contributions, distributions and other (-€438,568)
- Tangible fixed assets -€38,356
down €38,356 (-26.8%), from €143,060 to €104,704
of which Furniture and vehicles: -€37,666
- Receivables within one year +€14,490
up €14,490 (+213%), from €6,790 to €21,280
of which Trade receivables: +€18,106
- Debts after one year -€600,000
no longer reported in 2025 (was €600,000)
- Reserves -€494,574
down €494,574 (-79.3%), from €623,426 to €128,852
- Tax, wage and social debts +€50,429
up €50,429 (+534%), from €9,443 to €59,872
- Gross operating margin -€60,811
down €60,811, from €41,463 to -€19,347
- Other operating charges -€12,290
down €12,290 (-77.6%), from €15,845 to €3,555
- Taxes -€6,362
down €6,362 (-92.6%), from €6,870 to €508
- Depreciation +€3,526
up €3,526 (+10.1%), from €34,830 to €38,356
- Financial income +€3,032
up €3,032 (+110%), from €2,745 to €5,777
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 | €1,304,362 | €258,048 | -€1.0m | -80.2% |
| Fixed assets | 21/28 | €143,195 | €104,839 | -€38,356 | -26.8% |
| Tangible fixed assets | 22/27 | €143,060 | €104,704 | -€38,356 | -26.8% |
| Plant, machinery and equipment | 23 | €2,684 | €1,994 | -€690 | -25.7% |
| Furniture and vehicles | 24 | €140,376 | €102,710 | -€37,666 | -26.8% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,161,167 | €153,209 | -€1.0m | -86.8% |
| Amounts receivable within one year | 40/41 | €6,790 | €21,280 | +€14,490 | +213% |
| Trade receivables | 40 | €1,864 | €19,970 | +€18,106 | +972% |
| Other amounts receivable | 41 | €4,926 | €1,310 | -€3,616 | -73.4% |
| Current investments | 50/53 | €1,092,289 | €126,082 | -€966,208 | -88.5% |
| Cash at bank and in hand | 54/58 | €58,932 | €1,951 | -€56,981 | -96.7% |
| Deferred charges and accrued income | 490/1 | €3,156 | €3,897 | +€741 | +23.5% |
| Total equity and liabilities | 10/49 | €1,304,362 | €258,048 | -€1.0m | -80.2% |
| Equity | 10/15 | €672,926 | €178,352 | -€494,574 | -73.5% |
| Contributions | 10/11 | €49,500 | €49,500 | = | 0.0% |
| Reserves | 13 | €623,426 | €128,852 | -€494,574 | -79.3% |
| Distributable reserves | 133 | €623,426 | €128,852 | -€494,574 | -79.3% |
| Amounts payable | 17/49 | €631,436 | €79,696 | -€551,740 | -87.4% |
| Amounts payable after more than one year | 17 | €600,000 | - | -€600,000 | |
| Other amounts payable | 178/9 | €600,000 | - | -€600,000 | |
| Amounts payable within one year | 42/48 | €31,436 | €79,696 | +€48,260 | +154% |
| Trade debts | 44 | €5,247 | €6,177 | +€930 | +17.7% |
| Suppliers | 440/4 | €5,247 | €6,177 | +€930 | +17.7% |
| Advances received on contracts in progress | 46 | - | €8,264 | +€8,264 | |
| Taxes, remuneration and social security | 45 | €9,443 | €59,872 | +€50,429 | +534% |
| Taxes | 450/3 | €9,443 | €59,872 | +€50,429 | +534% |
| Other amounts payable | 47/48 | €16,746 | €5,382 | -€11,364 | -67.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,830 | €38,356 | +€3,526 | +10.1% |
| Other operating charges | 640/8 | €15,845 | €3,555 | -€12,290 | -77.6% |
| Gross operating margin | 9900 | €41,463 | -€19,347 | -€60,811 | |
| Operating profit (loss) | 9901 | -€9,212 | -€61,259 | -€52,047 | -565% |
| Financial income | 75/76B | €2,745 | €5,777 | +€3,032 | +110% |
| Recurring financial income | 75 | €2,745 | €5,777 | +€3,032 | +110% |
| Financial charges | 65/66B | €129 | €16 | -€114 | -88.0% |
| Recurring financial charges | 65 | €129 | €16 | -€114 | -88.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,596 | -€55,498 | -€48,902 | -741% |
| Transfer from deferred taxes | 780 | €5,722 | - | -€5,722 | |
| Income taxes | 67/77 | €6,870 | €508 | -€6,362 | -92.6% |
| Profit (loss) for the period | 9904 | -€7,745 | -€56,006 | -€48,261 | -623% |
| Transfer from tax-exempt reserves | 789 | €17,165 | - | -€17,165 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,420 | -€56,006 | -€65,426 |
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 23 October 2026 via checked.be.