GECO CONSULTING: 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 CONSULTING
Largest movements
- Cash +€68,103
up €68,103 (+30.9%), from €220,064 to €288,168
mainly Trade debts (+€86,444) and Other debts (+€11,682)
- Receivables within one year +€25,944
up €25,944 (+11.7%), from €221,918 to €247,861
of which Trade receivables: +€38,823
- Trade debts +€86,444
up €86,444 (+26.5%), from €326,367 to €412,811
of which Bills of exchange payable: +€282,794
- Other debts +€11,682
up €11,682 (+14.4%), from €81,172 to €92,854
- Staff costs +€43,335
up €43,335 (+14.7%), from €293,893 to €337,228
- Gross operating margin +€35,884
up €35,884 (+11.2%), from €321,516 to €357,400
- Depreciation -€7,166
down €7,166 (-48.8%), from €14,686 to €7,520
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €464,935 | €556,572 | +€91,637 | +19.7% |
| Fixed assets | 21/28 | €17,718 | €13,348 | -€4,370 | -24.7% |
| Tangible fixed assets | 22/27 | €17,718 | €13,348 | -€4,370 | -24.7% |
| Plant, machinery and equipment | 23 | €2,241 | €1,713 | -€527 | -23.5% |
| Furniture and vehicles | 24 | €5,473 | €4,510 | -€963 | -17.6% |
| Other tangible fixed assets | 26 | €10,004 | €7,124 | -€2,880 | -28.8% |
| Current assets | 29/58 | €447,217 | €543,224 | +€96,006 | +21.5% |
| Amounts receivable within one year | 40/41 | €221,918 | €247,861 | +€25,944 | +11.7% |
| Trade receivables | 40 | €208,580 | €247,403 | +€38,823 | +18.6% |
| Other amounts receivable | 41 | €13,337 | €458 | -€12,879 | -96.6% |
| Cash at bank and in hand | 54/58 | €220,064 | €288,168 | +€68,103 | +30.9% |
| Deferred charges and accrued income | 490/1 | €5,235 | €7,195 | +€1,959 | +37.4% |
| Total equity and liabilities | 10/49 | €464,935 | €556,572 | +€91,637 | +19.7% |
| Equity | 10/15 | -€30,080 | -€30,813 | -€733 | -2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,310 | €85,310 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €83,450 | €83,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,990 | -€134,723 | -€733 | -0.5% |
| Amounts payable | 17/49 | €495,015 | €587,385 | +€92,369 | +18.7% |
| Amounts payable after more than one year | 17 | €21,947 | €17,600 | -€4,347 | -19.8% |
| Other amounts payable | 178/9 | €21,947 | €17,600 | -€4,347 | -19.8% |
| Amounts payable within one year | 42/48 | €473,068 | €569,785 | +€96,716 | +20.4% |
| Trade debts | 44 | €326,367 | €412,811 | +€86,444 | +26.5% |
| Suppliers | 440/4 | €326,367 | €130,017 | -€196,351 | -60.2% |
| Bills of exchange payable | 441 | - | €282,794 | +€282,794 | |
| Taxes, remuneration and social security | 45 | €65,529 | €64,120 | -€1,409 | -2.2% |
| Taxes | 450/3 | €32,917 | €22,232 | -€10,685 | -32.5% |
| Remuneration and social security | 454/9 | €32,612 | €41,888 | +€9,275 | +28.4% |
| Other amounts payable | 47/48 | €81,172 | €92,854 | +€11,682 | +14.4% |
| Remuneration, social security and pensions | 62 | €293,893 | €337,228 | +€43,335 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,686 | €7,520 | -€7,166 | -48.8% |
| Other operating charges | 640/8 | €10,429 | €10,363 | -€66 | -0.6% |
| Gross operating margin | 9900 | €321,516 | €357,400 | +€35,884 | +11.2% |
| Operating profit (loss) | 9901 | €2,508 | €2,289 | -€219 | -8.7% |
| Financial income | 75/76B | €1,150 | €1 | -€1,149 | -99.9% |
| Recurring financial income | 75 | €1,150 | €1 | -€1,149 | -99.9% |
| Financial charges | 65/66B | €2,144 | €1,409 | -€734 | -34.2% |
| Recurring financial charges | 65 | €2,144 | €1,409 | -€734 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €1,514 | €880 | -€634 | -41.9% |
| Income taxes | 67/77 | €1,417 | €1,613 | +€196 | +13.8% |
| Profit (loss) for the period | 9904 | €97 | -€733 | -€830 | |
| Profit (loss) for the period to be appropriated | 9905 | €97 | -€733 | -€830 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.