GEC: what changed
GEC
Largest movements
- Current assets -€1,818
down €1,818 (-12.0%), from €15,119 to €13,301
of which Stocks and contracts: -€1,221
- Tangible fixed assets -€1,799
down €1,799 (-27.1%), from €6,633 to €4,834
- Debts after one year -€12,510
down €12,510 (-47.9%), from €26,108 to €13,598
- Profit (loss) carried forward +€10,666
up €10,666, from -€2,294 to €8,372
- Debts within one year -€1,773
no longer reported in 2010 (was €1,773)
- Turnover +€11,651
up €11,651 (+33.0%), from €35,330 to €46,981
- Gross operating margin +€4,741
up €4,741 (+62.9%), from €7,536 to €12,277
- Depreciation -€515
down €515 (-24.2%), from €2,126 to €1,611
Change in the result, 2009 to 2010
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2009 | 2010 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,662 | €22,045 | -€3,617 | -14.1% |
| Fixed assets | 21/28 | €10,543 | €8,744 | -€1,799 | -17.1% |
| Tangible fixed assets | 22/27 | €6,633 | €4,834 | -€1,799 | -27.1% |
| Financial fixed assets | 28 | €3,910 | €3,910 | = | 0.0% |
| Current assets | 29/58 | €15,119 | €13,301 | -€1,818 | -12.0% |
| Stocks and contracts in progress | 3 | €1,221 | - | -€1,221 | |
| Current investments | 50/53 | €945 | €348 | -€597 | -63.2% |
| Total equity and liabilities | 10/49 | €25,662 | €22,045 | -€3,617 | -14.1% |
| Equity | 10/15 | -€2,219 | €8,447 | +€10,666 | |
| Contributions | 10/11 | €75 | €75 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,294 | €8,372 | +€10,666 | |
| Amounts payable | 17/49 | €27,881 | €13,598 | -€14,283 | -51.2% |
| Amounts payable after more than one year | 17 | €26,108 | €13,598 | -€12,510 | -47.9% |
| Amounts payable within one year | 42/48 | €1,773 | - | -€1,773 | |
| Trade debts | 44 | €260 | - | -€260 | |
| Turnover | 70 | €35,330 | €46,981 | +€11,651 | +33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,126 | €1,611 | -€515 | -24.2% |
| Gross operating margin | 9900 | €7,536 | €12,277 | +€4,741 | +62.9% |
| Operating profit (loss) | 9901 | €3,668 | €10,666 | +€6,998 | +191% |
| Profit (loss) for the period before taxes | 9903 | €2,747 | €10,666 | +€7,919 | +288% |
| Profit (loss) for the period | 9904 | €2,747 | €10,666 | +€7,919 | +288% |
| Profit (loss) for the period to be appropriated | 9905 | €2,747 | €10,666 | +€7,919 | +288% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2009 and 31 December 2010. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.