GeCari: 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.
GeCari
Largest movements
- Cash +€1.2m
up €1.2m (+34,921%), from €3,300 to €1.2m
mainly Depreciation (+€2.1m) and Other debts (+€133,602)
- Tangible fixed assets -€1.0m
down €1.0m (-40.6%), from €2.6m to €1.5m
of which Land and buildings: -€1.0m
- Financial fixed assets +€111,500
up €111,500 (+51.1%), from €218,364 to €329,864
- Receivables within one year -€78,371
down €78,371 (-27.5%), from €284,600 to €206,229
- Other debts +€133,602
up €133,602 (+14.7%), from €908,940 to €1.0m
- Debts after one year -€38,107
down €38,107 (-20.3%), from €188,041 to €149,933
- Depreciation +€2.0m
up €2.0m (+3,117%), from €64,630 to €2.1m
- Gross operating margin +€2.0m
up €2.0m (+933%), from €213,549 to €2.2m
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 | €3,073,836 | €3,215,727 | +€141,891 | +4.6% |
| Fixed assets | 21/28 | €2,785,937 | €1,853,940 | -€931,996 | -33.5% |
| Tangible fixed assets | 22/27 | €2,567,573 | €1,524,076 | -€1.0m | -40.6% |
| Land and buildings | 22 | €2,529,506 | €1,486,307 | -€1.0m | -41.2% |
| Plant, machinery and equipment | 23 | €25,425 | €26,965 | +€1,540 | +6.1% |
| Furniture and vehicles | 24 | €12,641 | €10,804 | -€1,837 | -14.5% |
| Financial fixed assets | 28 | €218,364 | €329,864 | +€111,500 | +51.1% |
| Current assets | 29/58 | €287,900 | €1,361,787 | +€1.1m | +373% |
| Amounts receivable within one year | 40/41 | €284,600 | €206,229 | -€78,371 | -27.5% |
| Trade receivables | 40 | €284,600 | €206,229 | -€78,371 | -27.5% |
| Cash at bank and in hand | 54/58 | €3,300 | €1,155,558 | +€1.2m | +34,921% |
| Total equity and liabilities | 10/49 | €3,073,836 | €3,215,727 | +€141,891 | +4.6% |
| Equity | 10/15 | €1,817,395 | €1,848,585 | +€31,191 | +1.7% |
| Contributions | 10/11 | €1,050,000 | €1,050,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,050,000 | €1,050,000 | = | 0.0% |
| Other | 1109/19 | €1,050,000 | €1,050,000 | = | 0.0% |
| Reserves | 13 | €757,521 | €787,521 | +€30,000 | +4.0% |
| Non-distributable reserves | 130/1 | €55,000 | €55,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €55,000 | €55,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €400,000 | €400,000 | = | 0.0% |
| Distributable reserves | 133 | €302,521 | €332,521 | +€30,000 | +9.9% |
| Profit (loss) carried forward | 14 | €9,874 | €11,064 | +€1,191 | +12.1% |
| Amounts payable | 17/49 | €1,256,441 | €1,367,142 | +€110,701 | +8.8% |
| Amounts payable after more than one year | 17 | €188,041 | €149,933 | -€38,107 | -20.3% |
| Financial debts | 170/4 | €188,041 | €149,933 | -€38,107 | -20.3% |
| Amounts payable within one year | 42/48 | €1,068,401 | €1,217,209 | +€148,808 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €151,206 | €138,107 | -€13,099 | -8.7% |
| Trade debts | 44 | €235 | €30,005 | +€29,770 | +12,669% |
| Suppliers | 440/4 | €235 | €30,005 | +€29,770 | +12,669% |
| Taxes, remuneration and social security | 45 | €8,019 | €6,555 | -€1,465 | -18.3% |
| Taxes | 450/3 | €8,019 | €6,555 | -€1,465 | -18.3% |
| Other amounts payable | 47/48 | €908,940 | €1,042,542 | +€133,602 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,630 | €2,079,282 | +€2.0m | +3,117% |
| Other operating charges | 640/8 | €2,225 | €4,210 | +€1,985 | +89.2% |
| Gross operating margin | 9900 | €213,549 | €2,205,361 | +€2.0m | +933% |
| Operating profit (loss) | 9901 | €146,693 | €121,869 | -€24,824 | -16.9% |
| Financial charges | 65/66B | €97,146 | €75,475 | -€21,671 | -22.3% |
| Recurring financial charges | 65 | €97,146 | €75,475 | -€21,671 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €49,547 | €46,394 | -€3,153 | -6.4% |
| Income taxes | 67/77 | €19,674 | €15,203 | -€4,470 | -22.7% |
| Profit (loss) for the period | 9904 | €29,874 | €31,191 | +€1,317 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,874 | €31,191 | +€1,317 | +4.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.