GECILOC: 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.
GECILOC
Largest movements
- Receivables within one year +€575,241
up €575,241 (+69.8%), from €824,353 to €1.4m
of which Trade receivables: +€489,692
- Cash -€383,860
down €383,860 (-16.8%), from €2.3m to €1.9m
mainly Receivables within one year (-€575,241) and Investment in fixed assets (net) (-€161,722)
- Trade debts +€157,566
up €157,566 (+177.4%), from €88,830 to €246,396
- Gross operating margin -€754,788
down €754,788 (-32.5%), from €2.3m to €1.6m
- Staff costs -€282,767
down €282,767 (-17.9%), from €1.6m to €1.3m
- Taxes -€65,491
down €65,491 (-65.2%), from €100,491 to €35,000
- Depreciation +€32,504
up €32,504 (+21.8%), from €148,992 to €181,496
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 | €4,951,432 | €5,133,396 | +€181,965 | +3.7% |
| Fixed assets | 21/28 | €717,896 | €698,122 | -€19,774 | -2.8% |
| Tangible fixed assets | 22/27 | €716,913 | €697,140 | -€19,774 | -2.8% |
| Land and buildings | 22 | €227,200 | €260,285 | +€33,085 | +14.6% |
| Plant, machinery and equipment | 23 | €129,388 | €121,512 | -€7,876 | -6.1% |
| Furniture and vehicles | 24 | €360,326 | €315,343 | -€44,983 | -12.5% |
| Financial fixed assets | 28 | €982 | €982 | = | 0.0% |
| Current assets | 29/58 | €4,233,536 | €4,435,274 | +€201,738 | +4.8% |
| Stocks and contracts in progress | 3 | €18,085 | €28,442 | +€10,357 | +57.3% |
| Stocks | 30/36 | €18,085 | €28,442 | +€10,357 | +57.3% |
| Amounts receivable within one year | 40/41 | €824,353 | €1,399,594 | +€575,241 | +69.8% |
| Trade receivables | 40 | €739,521 | €1,229,212 | +€489,692 | +66.2% |
| Other amounts receivable | 41 | €84,832 | €170,381 | +€85,549 | +100.8% |
| Current investments | 50/53 | €1,106,000 | €1,106,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,285,098 | €1,901,238 | -€383,860 | -16.8% |
| Total equity and liabilities | 10/49 | €4,951,432 | €5,133,396 | +€181,965 | +3.7% |
| Equity | 10/15 | €4,404,021 | €4,412,881 | +€8,860 | +0.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Share premium | 1100/10 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,335,821 | €4,344,681 | +€8,860 | +0.2% |
| Amounts payable | 17/49 | €547,411 | €720,516 | +€173,105 | +31.6% |
| Amounts payable within one year | 42/48 | €547,411 | €720,516 | +€173,105 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | €25,498 | €25,398 | -€100 | -0.4% |
| Trade debts | 44 | €88,830 | €246,396 | +€157,566 | +177.4% |
| Suppliers | 440/4 | €88,830 | €246,396 | +€157,566 | +177.4% |
| Taxes, remuneration and social security | 45 | €118,170 | €133,808 | +€15,638 | +13.2% |
| Taxes | 450/3 | €66,887 | €71,993 | +€5,106 | +7.6% |
| Remuneration and social security | 454/9 | €51,282 | €61,815 | +€10,532 | +20.5% |
| Other amounts payable | 47/48 | €314,914 | €314,914 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,579,027 | €1,296,260 | -€282,767 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,992 | €181,496 | +€32,504 | +21.8% |
| Other operating charges | 640/8 | €44,585 | €37,752 | -€6,833 | -15.3% |
| Gross operating margin | 9900 | €2,320,930 | €1,566,142 | -€754,788 | -32.5% |
| Operating profit (loss) | 9901 | €548,327 | €50,635 | -€497,692 | -90.8% |
| Financial income | 75/76B | €9,286 | €926 | -€8,361 | -90.0% |
| Recurring financial income | 75 | €9,286 | €926 | -€8,361 | -90.0% |
| Financial charges | 65/66B | €7,061 | €7,701 | +€640 | +9.1% |
| Recurring financial charges | 65 | €7,061 | €7,701 | +€640 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €550,553 | €43,860 | -€506,693 | -92.0% |
| Income taxes | 67/77 | €100,491 | €35,000 | -€65,491 | -65.2% |
| Profit (loss) for the period | 9904 | €450,061 | €8,860 | -€441,201 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €450,061 | €8,860 | -€441,201 | -98.0% |
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 12 October 2026 via checked.be.