GECIM: what changed
Two fiscal 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.
GECIM
Largest movements
- Tangible fixed assets -€17,769
down €17,769 (-2.9%), from €619,765 to €601,996
of which Land and buildings: -€17,688
- Cash -€7,665
down €7,665 (-60.6%), from €12,641 to €4,976
mainly Contributions, distributions and other (-€96,500) and Debts after one year (-€33,334)
- Debts after one year -€33,334
down €33,334 (-100.0%), from €33,334 to €0
- Profit (loss) carried forward +€22,327
up €22,327 (+10.3%), from €217,395 to €239,721
- Other debts -€14,527
down €14,527 (-5.4%), from €267,123 to €252,596
- Gross operating margin +€26,216
up €26,216 (+20.0%), from €131,093 to €157,308
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 | €633,584 | €608,579 | -€25,004 | -3.9% |
| Fixed assets | 21/28 | €619,765 | €601,996 | -€17,769 | -2.9% |
| Tangible fixed assets | 22/27 | €619,765 | €601,996 | -€17,769 | -2.9% |
| Land and buildings | 22 | €619,502 | €601,814 | -€17,688 | -2.9% |
| Plant, machinery and equipment | 23 | €263 | €182 | -€81 | -30.8% |
| Current assets | 29/58 | €13,819 | €6,583 | -€7,236 | -52.4% |
| Cash at bank and in hand | 54/58 | €12,641 | €4,976 | -€7,665 | -60.6% |
| Deferred charges and accrued income | 490/1 | €1,178 | €1,607 | +€429 | +36.5% |
| Total equity and liabilities | 10/49 | €633,584 | €608,579 | -€25,004 | -3.9% |
| Equity | 10/15 | €296,055 | €317,044 | +€20,990 | +7.1% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €15,660 | €14,323 | -€1,337 | -8.5% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,360 | €8,023 | -€1,337 | -14.3% |
| Profit (loss) carried forward | 14 | €217,395 | €239,721 | +€22,327 | +10.3% |
| Provisions and deferred taxes | 16 | €3,120 | €2,674 | -€446 | -14.3% |
| Deferred taxes | 168 | €3,120 | €2,674 | -€446 | -14.3% |
| Amounts payable | 17/49 | €334,409 | €288,861 | -€45,548 | -13.6% |
| Amounts payable after more than one year | 17 | €33,334 | €0 | -€33,334 | -100.0% |
| Financial debts | 170/4 | €33,334 | €0 | -€33,334 | -100.0% |
| Amounts payable within one year | 42/48 | €300,970 | €286,457 | -€14,512 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €33,333 | €33,334 | +€0 | 0.0% |
| Trade debts | 44 | €513 | €528 | +€14 | +2.8% |
| Suppliers | 440/4 | €513 | €528 | +€14 | +2.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €267,123 | €252,596 | -€14,527 | -5.4% |
| Accrued charges and deferred income | 492/3 | €106 | €2,403 | +€2,298 | +2174.0% |
| Non-recurring operating income | 76A | - | €21,350 | +€21,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,769 | €17,769 | = | 0.0% |
| Other operating charges | 640/8 | €18,721 | €19,307 | +€586 | +3.1% |
| Gross operating margin | 9900 | €131,093 | €157,308 | +€26,216 | +20.0% |
| Operating profit (loss) | 9901 | €94,603 | €120,232 | +€25,630 | +27.1% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | €2,584 | €3,189 | +€604 | +23.4% |
| Recurring financial charges | 65 | €2,584 | €3,189 | +€604 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €92,020 | €117,044 | +€25,024 | +27.2% |
| Transfer from deferred taxes | 780 | €446 | €446 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €92,466 | €117,490 | +€25,024 | +27.1% |
| Transfer from tax-exempt reserves | 789 | €1,337 | €1,337 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,803 | €118,827 | +€25,024 | +26.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.