GEBICO: 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.
GEBICO
Largest movements
- Cash -€22,310
down €22,310 (-71.6%), from €31,166 to €8,856
mainly Debts after one year (-€40,664) and Other debts (-€15,770)
- Tangible fixed assets -€12,370
down €12,370 (-15.9%), from €77,586 to €65,216
of which Other tangible fixed assets: -€7,904
- Debts after one year -€40,664
down €40,664 (-40.5%), from €100,530 to €59,865
of which Other amounts payable: -€28,000
- Other debts -€15,770
down €15,770 (-61.9%), from €25,467 to €9,697
- Short-term financial debts +€13,865
new in 2025: €13,865
- Trade debts +€5,208
up €5,208 (+38.8%), from €13,416 to €18,624
- Tax, wage and social debts -€1,811
down €1,811 (-16.6%), from €10,923 to €9,112
of which Taxes: -€1,280
- Gross operating margin -€17,671
down €17,671 (-20.6%), from €85,927 to €68,256
- Staff costs -€2,289
down €2,289 (-5.0%), from €45,467 to €43,178
- Financial charges +€960
up €960 (+23.8%), from €4,031 to €4,990
- Depreciation +€893
up €893 (+6.8%), from €13,047 to €13,940
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.
Cash bridge derived
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 | €148,743 | €111,871 | -€36,872 | -24.8% |
| Fixed assets | 21/28 | €77,586 | €65,216 | -€12,370 | -15.9% |
| Tangible fixed assets | 22/27 | €77,586 | €65,216 | -€12,370 | -15.9% |
| Plant, machinery and equipment | 23 | €21,321 | €16,989 | -€4,332 | -20.3% |
| Furniture and vehicles | 24 | €935 | €802 | -€134 | -14.3% |
| Other tangible fixed assets | 26 | €55,330 | €47,425 | -€7,904 | -14.3% |
| Current assets | 29/58 | €71,157 | €46,654 | -€24,502 | -34.4% |
| Stocks and contracts in progress | 3 | €31,473 | €30,436 | -€1,037 | -3.3% |
| Stocks | 30/36 | €31,473 | €30,436 | -€1,037 | -3.3% |
| Amounts receivable within one year | 40/41 | €4,691 | €4,132 | -€559 | -11.9% |
| Trade receivables | 40 | €3,170 | €2,710 | -€459 | -14.5% |
| Other amounts receivable | 41 | €1,521 | €1,422 | -€100 | -6.5% |
| Cash at bank and in hand | 54/58 | €31,166 | €8,856 | -€22,310 | -71.6% |
| Deferred charges and accrued income | 490/1 | €3,827 | €3,230 | -€596 | -15.6% |
| Total equity and liabilities | 10/49 | €148,743 | €111,871 | -€36,872 | -24.8% |
| Equity | 10/15 | -€14,060 | -€13,356 | +€704 | +5.0% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,218 | -€112,513 | +€704 | +0.6% |
| Amounts payable | 17/49 | €162,803 | €125,226 | -€37,576 | -23.1% |
| Amounts payable after more than one year | 17 | €100,530 | €59,865 | -€40,664 | -40.5% |
| Financial debts | 170/4 | €25,530 | €12,865 | -€12,664 | -49.6% |
| Other amounts payable | 178/9 | €75,000 | €47,000 | -€28,000 | -37.3% |
| Amounts payable within one year | 42/48 | €62,273 | €65,009 | +€2,736 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €12,467 | €13,711 | +€1,244 | +10.0% |
| Financial debts | 43 | - | €13,865 | +€13,865 | |
| Credit institutions | 430/8 | - | €13,865 | +€13,865 | |
| Trade debts | 44 | €13,416 | €18,624 | +€5,208 | +38.8% |
| Suppliers | 440/4 | €13,416 | €18,624 | +€5,208 | +38.8% |
| Taxes, remuneration and social security | 45 | €10,923 | €9,112 | -€1,811 | -16.6% |
| Taxes | 450/3 | €5,251 | €3,971 | -€1,280 | -24.4% |
| Remuneration and social security | 454/9 | €5,672 | €5,141 | -€531 | -9.4% |
| Other amounts payable | 47/48 | €25,467 | €9,697 | -€15,770 | -61.9% |
| Accrued charges and deferred income | 492/3 | - | €352 | +€352 | |
| Remuneration, social security and pensions | 62 | €45,467 | €43,178 | -€2,289 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,047 | €13,940 | +€893 | +6.8% |
| Other operating charges | 640/8 | €5,895 | €5,592 | -€304 | -5.1% |
| Non-recurring operating charges | 66A | €725 | €100 | -€625 | -86.2% |
| Gross operating margin | 9900 | €85,927 | €68,256 | -€17,671 | -20.6% |
| Operating profit (loss) | 9901 | €20,793 | €5,447 | -€15,347 | -73.8% |
| Financial income | 75/76B | €0 | €417 | +€417 | +416910.0% |
| Recurring financial income | 75 | €0 | €417 | +€417 | +416910.0% |
| Financial charges | 65/66B | €4,031 | €4,990 | +€960 | +23.8% |
| Recurring financial charges | 65 | €4,031 | €4,990 | +€960 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | €16,763 | €873 | -€15,890 | -94.8% |
| Income taxes | 67/77 | €182 | €169 | -€14 | -7.4% |
| Profit (loss) for the period | 9904 | €16,581 | €704 | -€15,876 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,581 | €704 | -€15,876 | -95.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.