GECO DECO: 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 DECO
Largest movements
- Receivables within one year -€29,201
down €29,201 (-98.8%), from €29,554 to €353
of which Trade receivables: -€14,999
- Tangible fixed assets +€24,132
up €24,132 (+63.3%), from €38,121 to €62,253
of which Plant, machinery and equipment: +€30,833
- Cash -€2,350
down €2,350 (-31.2%), from €7,529 to €5,178
mainly Investment in fixed assets (net) (-€42,382) and Other debts (-€10,000)
- Advances received +€10,306
new in 2024: €10,306
- Other debts -€10,000
down €10,000 (-22.2%), from €45,000 to €35,000
- Debts after one year -€5,148
down €5,148 (-59.3%), from €8,684 to €3,536
- Trade debts -€2,531
down €2,531 (-41.0%), from €6,173 to €3,641
- Tax, wage and social debts -€1,179
down €1,179 (-24.9%), from €4,726 to €3,547
- Gross operating margin +€19,996
up €19,996 (+64.9%), from €30,796 to €50,793
- Depreciation +€11,205
up €11,205 (+159%), from €7,045 to €18,250
- Other operating charges +€7,947
up €7,947 (+642%), from €1,237 to €9,184
- Taxes +€2,196
up €2,196 (+148%), from €1,484 to €3,680
- Staff costs -€1,322
down €1,322 (-7.1%), from €18,642 to €17,320
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 | €75,883 | €68,471 | -€7,412 | -9.8% |
| Fixed assets | 21/28 | €38,121 | €62,253 | +€24,132 | +63.3% |
| Tangible fixed assets | 22/27 | €38,121 | €62,253 | +€24,132 | +63.3% |
| Plant, machinery and equipment | 23 | €12,305 | €43,139 | +€30,833 | +251% |
| Furniture and vehicles | 24 | €25,815 | €19,114 | -€6,701 | -26.0% |
| Current assets | 29/58 | €37,762 | €6,218 | -€31,544 | -83.5% |
| Amounts receivable within one year | 40/41 | €29,554 | €353 | -€29,201 | -98.8% |
| Trade receivables | 40 | €14,999 | - | -€14,999 | |
| Other amounts receivable | 41 | €14,555 | €353 | -€14,202 | -97.6% |
| Cash at bank and in hand | 54/58 | €7,529 | €5,178 | -€2,350 | -31.2% |
| Deferred charges and accrued income | 490/1 | €680 | €687 | +€7 | +1.1% |
| Total equity and liabilities | 10/49 | €75,883 | €68,471 | -€7,412 | -9.8% |
| Equity | 10/15 | €6,335 | €7,293 | +€958 | +15.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €4,335 | €5,293 | +€958 | +22.1% |
| Distributable reserves | 133 | €4,335 | €5,293 | +€958 | +22.1% |
| Amounts payable | 17/49 | €69,548 | €61,178 | -€8,370 | -12.0% |
| Amounts payable after more than one year | 17 | €8,684 | €3,536 | -€5,148 | -59.3% |
| Financial debts | 170/4 | €8,684 | €3,536 | -€5,148 | -59.3% |
| Amounts payable within one year | 42/48 | €60,864 | €57,642 | -€3,222 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €4,965 | €5,148 | +€182 | +3.7% |
| Trade debts | 44 | €6,173 | €3,641 | -€2,531 | -41.0% |
| Suppliers | 440/4 | €6,173 | €3,641 | -€2,531 | -41.0% |
| Advances received on contracts in progress | 46 | - | €10,306 | +€10,306 | |
| Taxes, remuneration and social security | 45 | €4,726 | €3,547 | -€1,179 | -24.9% |
| Taxes | 450/3 | €4,726 | €3,547 | -€1,179 | -24.9% |
| Other amounts payable | 47/48 | €45,000 | €35,000 | -€10,000 | -22.2% |
| Remuneration, social security and pensions | 62 | €18,642 | €17,320 | -€1,322 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,045 | €18,250 | +€11,205 | +159% |
| Other operating charges | 640/8 | €1,237 | €9,184 | +€7,947 | +642% |
| Gross operating margin | 9900 | €30,796 | €50,793 | +€19,996 | +64.9% |
| Operating profit (loss) | 9901 | €3,872 | €6,038 | +€2,167 | +56.0% |
| Financial income | 75/76B | €85 | €129 | +€44 | +51.5% |
| Recurring financial income | 75 | €85 | €129 | +€44 | +51.5% |
| Financial charges | 65/66B | €1,404 | €1,530 | +€126 | +9.0% |
| Recurring financial charges | 65 | €1,404 | €1,530 | +€126 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €2,553 | €4,637 | +€2,085 | +81.7% |
| Income taxes | 67/77 | €1,484 | €3,680 | +€2,196 | +148% |
| Profit (loss) for the period | 9904 | €1,069 | €958 | -€111 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,069 | €958 | -€111 | -10.4% |
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.