Gecar Constructie: 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.
Gecar Constructie
Largest movements
- Receivables within one year +€178,011
up €178,011 (+1,809%), from €9,839 to €187,850
of which Other amounts receivable: +€171,662
- Stocks and contracts -€16,000
down €16,000 (-51.6%), from €31,000 to €15,000
of which Stocks: -€11,000
- Cash -€14,736
down €14,736 (-62.8%), from €23,453 to €8,717
mainly Receivables within one year (-€178,011) and Investment in fixed assets (net) (-€86,366)
- Tangible fixed assets -€7,850
down €7,850 (-4.0%), from €196,337 to €188,487
of which Plant, machinery and equipment: -€5,546
- Reserves +€133,897
up €133,897 (+638%), from €21,000 to €154,897
of which Tax-exempt reserves: +€139,897
- Provisions +€34,974
new in 2025: €34,974
- Debts after one year -€19,649
down €19,649 (-10.0%), from €196,465 to €176,816
- Current portion of long-term debt -€14,894
down €14,894 (-46.8%), from €31,846 to €16,952
- Profit (loss) carried forward +€4,590
up €4,590 (+44.0%), from -€10,429 to -€5,839
- Gross operating margin +€267,867
up €267,867 (+993%), from €26,988 to €294,854
- Depreciation +€79,363
up €79,363 (+534%), from €14,853 to €94,216
- Write-downs +€11,000
new in 2025: €11,000
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.
Derived cash bridge
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 | €276,895 | €413,677 | +€136,782 | +49.4% |
| Fixed assets | 21/28 | €196,737 | €188,887 | -€7,850 | -4.0% |
| Tangible fixed assets | 22/27 | €196,337 | €188,487 | -€7,850 | -4.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €8,386 | €2,841 | -€5,546 | -66.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €8,842 | €6,582 | -€2,260 | -25.6% |
| Other tangible fixed assets | 26 | €179,109 | €179,065 | -€44 | 0.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €80,157 | €224,790 | +€144,632 | +180% |
| Amounts receivable after more than one year | 29 | €10,439 | €8,728 | -€1,712 | -16.4% |
| Other amounts receivable | 291 | €10,439 | €8,728 | -€1,712 | -16.4% |
| Stocks and contracts in progress | 3 | €31,000 | €15,000 | -€16,000 | -51.6% |
| Stocks | 30/36 | €21,000 | €10,000 | -€11,000 | -52.4% |
| Contracts in progress | 37 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €9,839 | €187,850 | +€178,011 | +1,809% |
| Trade receivables | 40 | €7,010 | €13,360 | +€6,350 | +90.6% |
| Other amounts receivable | 41 | €2,829 | €174,491 | +€171,662 | +6,068% |
| Cash at bank and in hand | 54/58 | €23,453 | €8,717 | -€14,736 | -62.8% |
| Deferred charges and accrued income | 490/1 | €5,426 | €4,495 | -€931 | -17.2% |
| Total equity and liabilities | 10/49 | €276,895 | €413,677 | +€136,782 | +49.4% |
| Equity | 10/15 | €22,971 | €161,458 | +€138,487 | +603% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €21,000 | €154,897 | +€133,897 | +638% |
| Tax-exempt reserves | 132 | - | €139,897 | +€139,897 | |
| Distributable reserves | 133 | €21,000 | €15,000 | -€6,000 | -28.6% |
| Profit (loss) carried forward | 14 | -€10,429 | -€5,839 | +€4,590 | +44.0% |
| Provisions and deferred taxes | 16 | - | €34,974 | +€34,974 | |
| Deferred taxes | 168 | - | €34,974 | +€34,974 | |
| Amounts payable | 17/49 | €253,924 | €217,245 | -€36,679 | -14.4% |
| Amounts payable after more than one year | 17 | €196,465 | €176,816 | -€19,649 | -10.0% |
| Financial debts | 170/4 | €196,465 | €176,816 | -€19,649 | -10.0% |
| Amounts payable within one year | 42/48 | €57,459 | €40,429 | -€17,030 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €31,846 | €16,952 | -€14,894 | -46.8% |
| Trade debts | 44 | €6,105 | €10,252 | +€4,147 | +67.9% |
| Suppliers | 440/4 | €6,105 | €10,252 | +€4,147 | +67.9% |
| Taxes, remuneration and social security | 45 | €5,183 | €1,350 | -€3,833 | -74.0% |
| Taxes | 450/3 | €5,183 | €1,350 | -€3,833 | -74.0% |
| Other amounts payable | 47/48 | €14,325 | €11,875 | -€2,450 | -17.1% |
| Remuneration, social security and pensions | 62 | - | €279 | +€279 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,853 | €94,216 | +€79,363 | +534% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,000 | +€11,000 | |
| Other operating charges | 640/8 | €3,142 | €3,820 | +€678 | +21.6% |
| Gross operating margin | 9900 | €26,988 | €294,854 | +€267,867 | +993% |
| Operating profit (loss) | 9901 | €8,993 | €185,540 | +€176,547 | +1,963% |
| Financial income | 75/76B | €263 | €189 | -€74 | -28.2% |
| Recurring financial income | 75 | €263 | €189 | -€74 | -28.2% |
| Financial charges | 65/66B | €5,875 | €6,085 | +€210 | +3.6% |
| Recurring financial charges | 65 | €5,875 | €6,085 | +€210 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €3,382 | €179,644 | +€176,263 | +5,213% |
| Transfer from deferred taxes | 780 | - | €15,887 | +€15,887 | |
| Transfer to deferred taxes | 680 | - | €50,861 | +€50,861 | |
| Income taxes | 67/77 | €171 | €183 | +€12 | +7.1% |
| Profit (loss) for the period | 9904 | €3,210 | €144,487 | +€141,277 | +4,401% |
| Transfer from tax-exempt reserves | 789 | - | €63,547 | +€63,547 | |
| Transfer to tax-exempt reserves | 689 | - | €203,444 | +€203,444 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,210 | €4,590 | +€1,379 | +43.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.