GECO Conseil: 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 Conseil
Largest movements
- Receivables within one year +€21,379
up €21,379 (+457%), from €4,683 to €26,062
of which Trade receivables: +€23,920
- Cash +€11,691
up €11,691 (+13.8%), from €84,496 to €96,187
mainly Net result for the year (+€77,220) and Other debts (+€17,180)
- Other debts +€17,180
up €17,180 (+27.9%), from €61,550 to €78,730
- Tax, wage and social debts +€15,217
up €15,217 (+201%), from €7,555 to €22,772
of which Remuneration and social security: +€15,909
- Gross operating margin +€20,901
up €20,901 (+27.0%), from €77,299 to €98,200
- Taxes +€4,118
up €4,118 (+25.5%), from €16,144 to €20,262
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 | €90,440 | €123,261 | +€32,821 | +36.3% |
| Fixed assets | 21/28 | €958 | €435 | -€523 | -54.6% |
| Tangible fixed assets | 22/27 | €958 | €435 | -€523 | -54.6% |
| Plant, machinery and equipment | 23 | €958 | €435 | -€523 | -54.6% |
| Current assets | 29/58 | €89,482 | €122,826 | +€33,344 | +37.3% |
| Amounts receivable within one year | 40/41 | €4,683 | €26,062 | +€21,379 | +457% |
| Trade receivables | 40 | €80 | €24,000 | +€23,920 | +29,900% |
| Other amounts receivable | 41 | €4,603 | €2,062 | -€2,541 | -55.2% |
| Cash at bank and in hand | 54/58 | €84,496 | €96,187 | +€11,691 | +13.8% |
| Deferred charges and accrued income | 490/1 | €303 | €577 | +€274 | +90.4% |
| Total equity and liabilities | 10/49 | €90,440 | €123,261 | +€32,821 | +36.3% |
| Equity | 10/15 | €20,847 | €20,567 | -€280 | -1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €387 | €107 | -€280 | -72.4% |
| Amounts payable | 17/49 | €69,593 | €102,694 | +€33,101 | +47.6% |
| Amounts payable within one year | 42/48 | €69,409 | €102,694 | +€33,285 | +48.0% |
| Trade debts | 44 | €304 | €1,192 | +€888 | +292% |
| Suppliers | 440/4 | €304 | €1,192 | +€888 | +292% |
| Taxes, remuneration and social security | 45 | €7,555 | €22,772 | +€15,217 | +201% |
| Taxes | 450/3 | €2,994 | €2,302 | -€692 | -23.1% |
| Remuneration and social security | 454/9 | €4,561 | €20,470 | +€15,909 | +349% |
| Other amounts payable | 47/48 | €61,550 | €78,730 | +€17,180 | +27.9% |
| Accrued charges and deferred income | 492/3 | €184 | - | -€184 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €523 | €523 | = | 0.0% |
| Other operating charges | 640/8 | €515 | €64 | -€451 | -87.6% |
| Gross operating margin | 9900 | €77,299 | €98,200 | +€20,901 | +27.0% |
| Operating profit (loss) | 9901 | €76,261 | €97,613 | +€21,352 | +28.0% |
| Financial charges | 65/66B | €126 | €131 | +€5 | +4.0% |
| Recurring financial charges | 65 | €126 | €131 | +€5 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €76,135 | €97,482 | +€21,347 | +28.0% |
| Income taxes | 67/77 | €16,144 | €20,262 | +€4,118 | +25.5% |
| Profit (loss) for the period | 9904 | €59,991 | €77,220 | +€17,229 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,991 | €77,220 | +€17,229 | +28.7% |
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 25 October 2026 via checked.be.