GECO: 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.
GECO
Largest movements
- Cash -€33,185
down €33,185 (-95.7%), from €34,677 to €1,492
mainly Receivables within one year (-€23,873) and Net result for the year (-€19,000)
- Receivables within one year +€23,873
up €23,873 (+23.8%), from €100,516 to €124,389
of which Other amounts receivable: +€30,702
- Profit (loss) carried forward -€19,000
down €19,000 (-36.8%), from €51,583 to €32,583
- Trade debts +€15,691
up €15,691 (+45.7%), from €34,302 to €49,993
- Tax, wage and social debts -€6,403
down €6,403 (-58.9%), from €10,877 to €4,474
- Gross operating margin -€32,751
down €32,751, from €11,194 to -€21,557
- Taxes -€4,474
no longer reported in 2025 (was €4,474)
- Other operating charges -€1,028
down €1,028 (-61.3%), from €1,676 to €648
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 | €135,693 | €126,381 | -€9,312 | -6.9% |
| Fixed assets | 21/28 | €500 | €500 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €135,193 | €125,881 | -€9,312 | -6.9% |
| Amounts receivable within one year | 40/41 | €100,516 | €124,389 | +€23,873 | +23.8% |
| Trade receivables | 40 | €12,540 | €5,711 | -€6,829 | -54.5% |
| Other amounts receivable | 41 | €87,976 | €118,678 | +€30,702 | +34.9% |
| Cash at bank and in hand | 54/58 | €34,677 | €1,492 | -€33,185 | -95.7% |
| Total equity and liabilities | 10/49 | €135,693 | €126,381 | -€9,312 | -6.9% |
| Equity | 10/15 | €90,514 | €71,514 | -€19,000 | -21.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €7,944 | €7,944 | = | 0.0% |
| Non-distributable reserves | 130/1 | €444 | €444 | = | 0.0% |
| Legal reserve | 130 | €444 | €444 | = | 0.0% |
| Distributable reserves | 133 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,583 | €32,583 | -€19,000 | -36.8% |
| Amounts payable | 17/49 | €45,179 | €54,867 | +€9,688 | +21.4% |
| Amounts payable within one year | 42/48 | €45,179 | €54,467 | +€9,288 | +20.6% |
| Trade debts | 44 | €34,302 | €49,993 | +€15,691 | +45.7% |
| Suppliers | 440/4 | €34,302 | €49,993 | +€15,691 | +45.7% |
| Taxes, remuneration and social security | 45 | €10,877 | €4,474 | -€6,403 | -58.9% |
| Taxes | 450/3 | €10,877 | €4,474 | -€6,403 | -58.9% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Other operating charges | 640/8 | €1,676 | €648 | -€1,028 | -61.3% |
| Gross operating margin | 9900 | €11,194 | -€21,557 | -€32,751 | |
| Operating profit (loss) | 9901 | €9,518 | -€22,205 | -€31,723 | |
| Financial income | 75/76B | €3,105 | €3,278 | +€173 | +5.6% |
| Recurring financial income | 75 | €3,105 | €3,278 | +€173 | +5.6% |
| Financial charges | 65/66B | €125 | €73 | -€52 | -41.6% |
| Recurring financial charges | 65 | €125 | €73 | -€52 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €12,498 | -€19,000 | -€31,498 | |
| Income taxes | 67/77 | €4,474 | - | -€4,474 | |
| Profit (loss) for the period | 9904 | €8,024 | -€19,000 | -€27,024 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,024 | -€19,000 | -€27,024 |
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 19 October 2026 via checked.be.