GECA: 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.
GECA
Largest movements
- Tangible fixed assets +€9,478
up €9,478 (+10.7%), from €88,976 to €98,454
of which Plant, machinery and equipment: +€9,478
- Cash +€8,543
up €8,543 (+801.0%), from €1,067 to €9,609
mainly Other debts (+€20,000) and Depreciation (+€459)
- Other debts +€20,000
up €20,000 (+8.7%), from €229,975 to €249,975
- Gross operating margin +€31,557
up €31,557, from -€20,702 to €10,856
- Other operating charges +€1,286
up €1,286 (+13.0%), from €9,874 to €11,160
- Depreciation +€459
new in 2025: €459
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 | €91,125 | €109,155 | +€18,030 | +19.8% |
| Fixed assets | 21/28 | €88,976 | €98,454 | +€9,478 | +10.7% |
| Tangible fixed assets | 22/27 | €88,976 | €98,454 | +€9,478 | +10.7% |
| Land and buildings | 22 | €88,976 | €88,976 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €9,478 | +€9,478 | |
| Current assets | 29/58 | €2,150 | €10,702 | +€8,552 | +397.8% |
| Cash at bank and in hand | 54/58 | €1,067 | €9,609 | +€8,543 | +801.0% |
| Deferred charges and accrued income | 490/1 | €1,083 | €1,092 | +€9 | +0.8% |
| Total equity and liabilities | 10/49 | €91,125 | €109,155 | +€18,030 | +19.8% |
| Equity | 10/15 | -€139,845 | -€140,820 | -€975 | -0.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€239,845 | -€240,820 | -€975 | -0.4% |
| Amounts payable | 17/49 | €230,970 | €249,975 | +€19,005 | +8.2% |
| Amounts payable within one year | 42/48 | €229,975 | €249,975 | +€20,000 | +8.7% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €229,975 | €249,975 | +€20,000 | +8.7% |
| Accrued charges and deferred income | 492/3 | €995 | €0 | -€995 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €459 | +€459 | |
| Other operating charges | 640/8 | €9,874 | €11,160 | +€1,286 | +13.0% |
| Gross operating margin | 9900 | -€20,702 | €10,856 | +€31,557 | |
| Operating profit (loss) | 9901 | -€30,576 | -€763 | +€29,813 | +97.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +142.2% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +142.2% |
| Financial charges | 65/66B | €197 | €212 | +€15 | +7.8% |
| Recurring financial charges | 65 | €197 | €212 | +€15 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | -€30,772 | -€974 | +€29,798 | +96.8% |
| Income taxes | 67/77 | €0 | €0 | +€0 | +135.7% |
| Profit (loss) for the period | 9904 | -€30,773 | -€975 | +€29,798 | +96.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,773 | -€975 | +€29,798 | +96.8% |
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 28 September 2026 via checked.be.