GECADE SPRL: 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.
GECADE SPRL
Largest movements
- Receivables within one year +€125,555
up €125,555 (+189%), from €66,455 to €192,009
- Current portion of long-term debt +€59,318
up €59,318 (+234%), from €25,328 to €84,646
- Debts after one year +€35,949
up €35,949 (+15.3%), from €235,226 to €271,175
- Trade debts +€26,284
up €26,284 (+134%), from €19,627 to €45,911
- Tax, wage and social debts -€21,467
down €21,467 (-100%), from €21,467 to €0
- Profit (loss) carried forward +€16,016
up €16,016 (+28.8%), from -€55,644 to -€39,628
- Write-downs -€56,801
no longer reported in 2025 (was €56,801)
- Depreciation -€19,976
down €19,976 (-56.0%), from €35,642 to €15,666
- Financial charges +€3,264
up €3,264 (+29.7%), from €11,005 to €14,269
- Other operating charges +€2,959
up €2,959 (+20.4%), from €14,530 to €17,488
- Gross operating margin +€746
up €746 (+1.2%), from €62,330 to €63,076
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €945,672 | €1,068,761 | +€123,089 | +13.0% |
| Fixed assets | 21/28 | €867,698 | €870,077 | +€2,380 | +0.3% |
| Tangible fixed assets | 22/27 | €867,698 | €870,077 | +€2,380 | +0.3% |
| Land and buildings | 22 | €867,698 | €870,077 | +€2,380 | +0.3% |
| Current assets | 29/58 | €77,974 | €198,683 | +€120,709 | +155% |
| Amounts receivable within one year | 40/41 | €66,455 | €192,009 | +€125,555 | +189% |
| Other amounts receivable | 41 | €66,455 | €192,009 | +€125,555 | +189% |
| Cash at bank and in hand | 54/58 | €11,520 | €6,674 | -€4,846 | -42.1% |
| Total equity and liabilities | 10/49 | €945,672 | €1,068,761 | +€123,089 | +13.0% |
| Equity | 10/15 | €640,288 | €656,304 | +€16,016 | +2.5% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Reserves | 13 | €45,932 | €45,932 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €45,932 | €45,932 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,644 | -€39,628 | +€16,016 | +28.8% |
| Amounts payable | 17/49 | €305,384 | €412,456 | +€107,073 | +35.1% |
| Amounts payable after more than one year | 17 | €235,226 | €271,175 | +€35,949 | +15.3% |
| Financial debts | 170/4 | €235,226 | €271,175 | +€35,949 | +15.3% |
| Amounts payable within one year | 42/48 | €70,157 | €141,281 | +€71,124 | +101% |
| Current portion of amounts payable after more than one year | 42 | €25,328 | €84,646 | +€59,318 | +234% |
| Trade debts | 44 | €19,627 | €45,911 | +€26,284 | +134% |
| Suppliers | 440/4 | €19,627 | €45,911 | +€26,284 | +134% |
| Taxes, remuneration and social security | 45 | €21,467 | €0 | -€21,467 | -100% |
| Taxes | 450/3 | €21,467 | €0 | -€21,467 | -100% |
| Other amounts payable | 47/48 | €3,735 | €10,724 | +€6,989 | +187% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,642 | €15,666 | -€19,976 | -56.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €56,801 | - | -€56,801 | |
| Other operating charges | 640/8 | €14,530 | €17,488 | +€2,959 | +20.4% |
| Gross operating margin | 9900 | €62,330 | €63,076 | +€746 | +1.2% |
| Operating profit (loss) | 9901 | -€44,643 | €29,922 | +€74,565 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €11,005 | €14,269 | +€3,264 | +29.7% |
| Recurring financial charges | 65 | €11,005 | €14,269 | +€3,264 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | -€55,644 | €15,653 | +€71,297 | |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€55,644 | €15,653 | +€71,297 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,644 | €15,653 | +€71,297 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.