GECIVIA: 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.
GECIVIA
Largest movements
- Tangible fixed assets +€123,028
up €123,028 (+182.3%), from €67,502 to €190,530
of which Leasing and similar rights: +€129,669
- Cash +€60,815
up €60,815 (+46.0%), from €132,127 to €192,942
mainly Debts after one year (+€103,777) and Net result for the year (+€97,029)
- Receivables within one year +€9,509
up €9,509 (+5.1%), from €188,232 to €197,741
of which Trade receivables: +€26,849
- Debts after one year +€103,777
up €103,777 (+257.1%), from €40,367 to €144,144
- Trade debts +€48,169
up €48,169 (+66.0%), from €72,952 to €121,121
- Current portion of long-term debt +€21,107
up €21,107 (+100.2%), from €21,055 to €42,162
- Other debts +€15,000
up €15,000 (+9.9%), from €151,139 to €166,139
- Profit (loss) carried forward +€7,029
up €7,029 (+178.5%), from €3,937 to €10,966
- Gross operating margin +€64,049
up €64,049 (+25.6%), from €250,398 to €314,447
- Staff costs +€27,524
up €27,524 (+25.4%), from €108,489 to €136,013
- Depreciation +€10,280
up €10,280 (+35.3%), from €29,147 to €39,427
- Taxes +€8,915
up €8,915 (+33.4%), from €26,668 to €35,583
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 | €403,585 | €601,100 | +€197,515 | +48.9% |
| Fixed assets | 21/28 | €71,002 | €194,030 | +€123,028 | +173.3% |
| Tangible fixed assets | 22/27 | €67,502 | €190,530 | +€123,028 | +182.3% |
| Plant, machinery and equipment | 23 | €6,641 | - | -€6,641 | |
| Leasing and similar rights | 25 | €60,861 | €190,530 | +€129,669 | +213.1% |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €332,583 | €407,070 | +€74,487 | +22.4% |
| Amounts receivable within one year | 40/41 | €188,232 | €197,741 | +€9,509 | +5.1% |
| Trade receivables | 40 | €170,632 | €197,481 | +€26,849 | +15.7% |
| Other amounts receivable | 41 | €17,600 | €260 | -€17,340 | -98.5% |
| Cash at bank and in hand | 54/58 | €132,127 | €192,942 | +€60,815 | +46.0% |
| Deferred charges and accrued income | 490/1 | €12,224 | €16,387 | +€4,163 | +34.1% |
| Total equity and liabilities | 10/49 | €403,585 | €601,100 | +€197,515 | +48.9% |
| Equity | 10/15 | €57,537 | €64,566 | +€7,029 | +12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,937 | €10,966 | +€7,029 | +178.5% |
| Amounts payable | 17/49 | €346,048 | €536,534 | +€190,486 | +55.0% |
| Amounts payable after more than one year | 17 | €40,367 | €144,144 | +€103,777 | +257.1% |
| Financial debts | 170/4 | €40,367 | €144,144 | +€103,777 | +257.1% |
| Amounts payable within one year | 42/48 | €268,939 | €357,634 | +€88,695 | +33.0% |
| Current portion of amounts payable after more than one year | 42 | €21,055 | €42,162 | +€21,107 | +100.2% |
| Trade debts | 44 | €72,952 | €121,121 | +€48,169 | +66.0% |
| Suppliers | 440/4 | €72,952 | €121,121 | +€48,169 | +66.0% |
| Taxes, remuneration and social security | 45 | €23,793 | €28,212 | +€4,419 | +18.6% |
| Taxes | 450/3 | €14,598 | €15,546 | +€948 | +6.5% |
| Remuneration and social security | 454/9 | €9,195 | €12,666 | +€3,471 | +37.7% |
| Other amounts payable | 47/48 | €151,139 | €166,139 | +€15,000 | +9.9% |
| Accrued charges and deferred income | 492/3 | €36,742 | €34,756 | -€1,986 | -5.4% |
| Remuneration, social security and pensions | 62 | €108,489 | €136,013 | +€27,524 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,147 | €39,427 | +€10,280 | +35.3% |
| Other operating charges | 640/8 | €1,307 | €2,382 | +€1,075 | +82.2% |
| Gross operating margin | 9900 | €250,398 | €314,447 | +€64,049 | +25.6% |
| Operating profit (loss) | 9901 | €111,455 | €136,625 | +€25,170 | +22.6% |
| Financial income | 75/76B | €514 | - | -€514 | |
| Recurring financial income | 75 | €514 | - | -€514 | |
| Financial charges | 65/66B | €3,224 | €4,013 | +€789 | +24.5% |
| Recurring financial charges | 65 | €3,224 | €4,013 | +€789 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €108,745 | €132,612 | +€23,867 | +21.9% |
| Income taxes | 67/77 | €26,668 | €35,583 | +€8,915 | +33.4% |
| Profit (loss) for the period | 9904 | €82,077 | €97,029 | +€14,952 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,077 | €97,029 | +€14,952 | +18.2% |
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 9 October 2026 via checked.be.