GeCo Balance: 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 Balance
Largest movements
- Receivables within one year -€1,207
down €1,207 (-29.6%), from €4,082 to €2,875
of which Trade receivables: -€1,215
- Cash -€968
down €968 (-32.9%), from €2,941 to €1,973
mainly Current portion of long-term debt (-€12,408) and Debts after one year (-€5,934)
- Tangible fixed assets -€329
down €329 (-36.5%), from €904 to €574
- Current portion of long-term debt -€12,408
down €12,408 (-44.7%), from €27,761 to €15,353
- Other debts +€8,564
up €8,564 (+153%), from €5,581 to €14,145
- Profit (loss) carried forward +€6,876
up €6,876 (+11.5%), from -€59,897 to -€53,021
- Debts after one year -€5,934
down €5,934 (-23.9%), from €24,831 to €18,897
- Trade debts +€868
up €868 (+54.1%), from €1,605 to €2,473
- Gross operating margin -€2,062
down €2,062 (-16.6%), from €12,455 to €10,393
- Other operating charges +€272
up €272 (+50.9%), from €535 to €807
- Financial charges -€193
down €193 (-9.1%), from €2,113 to €1,920
- Depreciation -€184
down €184 (-35.8%), from €513 to €329
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 | €7,981 | €5,422 | -€2,559 | -32.1% |
| Fixed assets | 21/28 | €904 | €574 | -€329 | -36.5% |
| Tangible fixed assets | 22/27 | €904 | €574 | -€329 | -36.5% |
| Furniture and vehicles | 24 | €904 | €574 | -€329 | -36.5% |
| Current assets | 29/58 | €7,077 | €4,848 | -€2,229 | -31.5% |
| Amounts receivable within one year | 40/41 | €4,082 | €2,875 | -€1,207 | -29.6% |
| Trade receivables | 40 | €4,072 | €2,857 | -€1,215 | -29.8% |
| Other amounts receivable | 41 | €10 | €18 | +€8 | +82.8% |
| Cash at bank and in hand | 54/58 | €2,941 | €1,973 | -€968 | -32.9% |
| Deferred charges and accrued income | 490/1 | €55 | - | -€55 | |
| Total equity and liabilities | 10/49 | €7,981 | €5,422 | -€2,559 | -32.1% |
| Equity | 10/15 | -€53,697 | -€46,821 | +€6,876 | +12.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,897 | -€53,021 | +€6,876 | +11.5% |
| Amounts payable | 17/49 | €61,677 | €52,243 | -€9,434 | -15.3% |
| Amounts payable after more than one year | 17 | €24,831 | €18,897 | -€5,934 | -23.9% |
| Financial debts | 170/4 | €24,831 | €18,897 | -€5,934 | -23.9% |
| Amounts payable within one year | 42/48 | €36,816 | €33,346 | -€3,470 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €27,761 | €15,353 | -€12,408 | -44.7% |
| Trade debts | 44 | €1,605 | €2,473 | +€868 | +54.1% |
| Suppliers | 440/4 | €1,605 | €2,473 | +€868 | +54.1% |
| Taxes, remuneration and social security | 45 | €1,869 | €1,375 | -€495 | -26.5% |
| Taxes | 450/3 | €1,869 | €1,375 | -€495 | -26.5% |
| Other amounts payable | 47/48 | €5,581 | €14,145 | +€8,564 | +153% |
| Accrued charges and deferred income | 492/3 | €30 | - | -€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €513 | €329 | -€184 | -35.8% |
| Other operating charges | 640/8 | €535 | €807 | +€272 | +50.9% |
| Gross operating margin | 9900 | €12,455 | €10,393 | -€2,062 | -16.6% |
| Operating profit (loss) | 9901 | €11,407 | €9,256 | -€2,151 | -18.9% |
| Financial income | 75/76B | €2 | €0 | -€2 | -98.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -98.5% |
| Financial charges | 65/66B | €2,113 | €1,920 | -€193 | -9.1% |
| Recurring financial charges | 65 | €2,113 | €1,920 | -€193 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €9,296 | €7,336 | -€1,960 | -21.1% |
| Income taxes | 67/77 | €398 | €461 | +€62 | +15.6% |
| Profit (loss) for the period | 9904 | €8,898 | €6,876 | -€2,022 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,898 | €6,876 | -€2,022 | -22.7% |
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 27 October 2026 via checked.be.