GECHRI: 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.
GECHRI
Largest movements
- Cash +€19,965
up €19,965 (+42.0%), from €47,545 to €67,510
mainly Depreciation (+€20,486) and Net result for the year (+€19,137)
- Deferred charges and accrued income +€17,489
up €17,489 (+27,014%), from €65 to €17,554
- Tangible fixed assets -€12,043
down €12,043 (-4.1%), from €294,414 to €282,371
of which Land and buildings: -€11,928
- Receivables within one year -€4,566
down €4,566 (-51.5%), from €8,862 to €4,296
of which Other amounts receivable: -€4,950
- Reserves -€18,069
down €18,069 (-12.2%), from €148,579 to €130,510
of which Distributable reserves: -€18,069
- Tax, wage and social debts +€17,274
up €17,274 (+27.5%), from €62,786 to €80,060
of which Remuneration and social security: +€17,288
- Other debts +€11,956
up €11,956 (+36.9%), from €32,428 to €44,384
- Trade debts +€7,543
up €7,543 (+167%), from €4,528 to €12,071
- Staff costs +€53,857
up €53,857 (+24.9%), from €216,576 to €270,433
- Gross operating margin +€31,651
up €31,651 (+10.3%), from €306,220 to €337,871
- Taxes -€7,111
down €7,111 (-35.5%), from €20,050 to €12,939
- Depreciation +€6,931
up €6,931 (+51.1%), from €13,555 to €20,486
- Financial charges +€5,513
up €5,513 (+109%), from €5,067 to €10,580
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 | €366,318 | €385,021 | +€18,703 | +5.1% |
| Fixed assets | 21/28 | €294,714 | €282,671 | -€12,043 | -4.1% |
| Tangible fixed assets | 22/27 | €294,414 | €282,371 | -€12,043 | -4.1% |
| Land and buildings | 22 | €263,141 | €251,213 | -€11,928 | -4.5% |
| Plant, machinery and equipment | 23 | €11,166 | €12,740 | +€1,574 | +14.1% |
| Furniture and vehicles | 24 | €20,106 | €18,418 | -€1,689 | -8.4% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €71,604 | €102,350 | +€30,746 | +42.9% |
| Stocks and contracts in progress | 3 | €15,132 | €12,989 | -€2,142 | -14.2% |
| Stocks | 30/36 | €15,132 | €12,989 | -€2,142 | -14.2% |
| Amounts receivable within one year | 40/41 | €8,862 | €4,296 | -€4,566 | -51.5% |
| Trade receivables | 40 | - | €384 | +€384 | |
| Other amounts receivable | 41 | €8,862 | €3,912 | -€4,950 | -55.9% |
| Cash at bank and in hand | 54/58 | €47,545 | €67,510 | +€19,965 | +42.0% |
| Deferred charges and accrued income | 490/1 | €65 | €17,554 | +€17,489 | +27,014% |
| Total equity and liabilities | 10/49 | €366,318 | €385,021 | +€18,703 | +5.1% |
| Equity | 10/15 | €266,575 | €248,505 | -€18,069 | -6.8% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €148,579 | €130,510 | -€18,069 | -12.2% |
| Tax-exempt reserves | 132 | €18,180 | €18,180 | = | 0.0% |
| Distributable reserves | 133 | €130,399 | €112,330 | -€18,069 | -13.9% |
| Profit (loss) carried forward | 14 | €99,245 | €99,245 | = | 0.0% |
| Amounts payable | 17/49 | €99,743 | €136,515 | +€36,772 | +36.9% |
| Amounts payable within one year | 42/48 | €99,743 | €136,515 | +€36,772 | +36.9% |
| Trade debts | 44 | €4,528 | €12,071 | +€7,543 | +167% |
| Suppliers | 440/4 | €4,528 | €12,071 | +€7,543 | +167% |
| Taxes, remuneration and social security | 45 | €62,786 | €80,060 | +€17,274 | +27.5% |
| Taxes | 450/3 | €35,109 | €35,094 | -€14 | 0.0% |
| Remuneration and social security | 454/9 | €27,678 | €44,965 | +€17,288 | +62.5% |
| Other amounts payable | 47/48 | €32,428 | €44,384 | +€11,956 | +36.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €16,529 | +€16,529 | |
| Remuneration, social security and pensions | 62 | €216,576 | €270,433 | +€53,857 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,555 | €20,486 | +€6,931 | +51.1% |
| Other operating charges | 640/8 | €6,231 | €4,296 | -€1,934 | -31.0% |
| Gross operating margin | 9900 | €306,220 | €337,871 | +€31,651 | +10.3% |
| Operating profit (loss) | 9901 | €69,859 | €42,655 | -€27,203 | -38.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,067 | €10,580 | +€5,513 | +109% |
| Recurring financial charges | 65 | €5,067 | €10,580 | +€5,513 | +109% |
| Profit (loss) for the period before taxes | 9903 | €64,792 | €32,076 | -€32,716 | -50.5% |
| Income taxes | 67/77 | €20,050 | €12,939 | -€7,111 | -35.5% |
| Profit (loss) for the period | 9904 | €44,742 | €19,137 | -€25,605 | -57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,742 | €19,137 | -€25,605 | -57.2% |
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 13 October 2026 via checked.be.