GEANNCO: what changed
Two fiscal 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.
GEANNCO
Largest movements
- Receivables within one year -€72,467
no longer reported in 2024 (was €72,467)
- Receivables after one year +€27,000
up €27,000 (+90.0%), from €30,000 to €57,000
- Tangible fixed assets -€19,182
down €19,182 (-49.8%), from €38,486 to €19,304
- Cash -€4,997
down €4,997 (-44.5%), from €11,226 to €6,229
mainly Net result for the year (-€35,669) and Receivables after one year (-€27,000)
- Profit (loss) carried forward -€35,669
down €35,669, from €26,413 to -€9,256
- Other debts -€18,390
down €18,390 (-95.6%), from €19,232 to €842
- Debts after one year -€17,051
down €17,051 (-71.8%), from €23,761 to €6,710
- Gross operating margin +€6,655
up €6,655 (+50.3%), from -€13,227 to -€6,572
- Other operating charges +€4,944
up €4,944 (+254.7%), from €1,941 to €6,886
- Financial income -€3,570
no longer reported in 2024 (was €3,570)
- Depreciation -€219
down €219 (-1.1%), from €19,401 to €19,182
- Financial charges -€147
down €147 (-4.6%), from €3,177 to €3,030
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,643 | €82,532 | -€71,111 | -46.3% |
| Fixed assets | 21/28 | €38,486 | €19,304 | -€19,182 | -49.8% |
| Tangible fixed assets | 22/27 | €38,486 | €19,304 | -€19,182 | -49.8% |
| Land and buildings | 22 | €38,486 | €19,304 | -€19,182 | -49.8% |
| Current assets | 29/58 | €115,157 | €63,229 | -€51,929 | -45.1% |
| Amounts receivable after more than one year | 29 | €30,000 | €57,000 | +€27,000 | +90.0% |
| Other amounts receivable | 291 | €30,000 | €57,000 | +€27,000 | +90.0% |
| Amounts receivable within one year | 40/41 | €72,467 | - | -€72,467 | |
| Other amounts receivable | 41 | €72,467 | - | -€72,467 | |
| Cash at bank and in hand | 54/58 | €11,226 | €6,229 | -€4,997 | -44.5% |
| Deferred charges and accrued income | 490/1 | €1,464 | - | -€1,464 | |
| Total equity and liabilities | 10/49 | €153,643 | €82,532 | -€71,111 | -46.3% |
| Equity | 10/15 | €90,766 | €55,096 | -€35,669 | -39.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,752 | €45,752 | = | 0.0% |
| Distributable reserves | 133 | €45,752 | €45,752 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,413 | -€9,256 | -€35,669 | |
| Amounts payable | 17/49 | €62,877 | €27,436 | -€35,441 | -56.4% |
| Amounts payable after more than one year | 17 | €23,761 | €6,710 | -€17,051 | -71.8% |
| Financial debts | 170/4 | €23,761 | €6,710 | -€17,051 | -71.8% |
| Amounts payable within one year | 42/48 | €39,116 | €20,726 | -€18,390 | -47.0% |
| Current portion of amounts payable after more than one year | 42 | €17,051 | €17,051 | = | 0.0% |
| Trade debts | 44 | €1,633 | €1,633 | = | 0.0% |
| Suppliers | 440/4 | €1,633 | €1,633 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,200 | €1,200 | = | 0.0% |
| Taxes | 450/3 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 47/48 | €19,232 | €842 | -€18,390 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,401 | €19,182 | -€219 | -1.1% |
| Other operating charges | 640/8 | €1,941 | €6,886 | +€4,944 | +254.7% |
| Gross operating margin | 9900 | -€13,227 | -€6,572 | +€6,655 | +50.3% |
| Operating profit (loss) | 9901 | -€34,570 | -€32,640 | +€1,930 | +5.6% |
| Financial income | 75/76B | €3,570 | - | -€3,570 | |
| Recurring financial income | 75 | €3,570 | - | -€3,570 | |
| Financial charges | 65/66B | €3,177 | €3,030 | -€147 | -4.6% |
| Recurring financial charges | 65 | €3,177 | €3,030 | -€147 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€34,176 | -€35,669 | -€1,493 | -4.4% |
| Profit (loss) for the period | 9904 | -€34,176 | -€35,669 | -€1,493 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,176 | -€35,669 | -€1,493 | -4.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.