Geco decorations: 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 decorations
Largest movements
- Cash +€37,909
up €37,909 (+117%), from €32,379 to €70,288
mainly Net result for the year (+€25,232) and Depreciation (+€12,409)
- Receivables within one year -€11,173
down €11,173 (-73.5%), from €15,207 to €4,034
of which Trade receivables: -€5,803
- Tangible fixed assets -€10,659
down €10,659 (-24.9%), from €42,835 to €32,175
of which Furniture and vehicles: -€8,964
- Profit (loss) carried forward +€25,232
up €25,232 (+51.1%), from €49,388 to €74,620
- Debts after one year -€7,488
down €7,488 (-27.9%), from €26,855 to €19,367
- Current portion of long-term debt -€2,591
down €2,591 (-25.7%), from €10,079 to €7,488
- Gross operating margin -€25,959
down €25,959 (-35.6%), from €72,903 to €46,945
- Taxes -€5,589
down €5,589 (-43.9%), from €12,742 to €7,153
- Depreciation +€3,187
up €3,187 (+34.6%), from €9,222 to €12,409
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 | €91,528 | €107,334 | +€15,806 | +17.3% |
| Fixed assets | 21/28 | €42,835 | €32,175 | -€10,659 | -24.9% |
| Tangible fixed assets | 22/27 | €42,835 | €32,175 | -€10,659 | -24.9% |
| Plant, machinery and equipment | 23 | €6,917 | €5,221 | -€1,696 | -24.5% |
| Furniture and vehicles | 24 | €35,918 | €26,954 | -€8,964 | -25.0% |
| Current assets | 29/58 | €48,694 | €75,159 | +€26,466 | +54.4% |
| Amounts receivable within one year | 40/41 | €15,207 | €4,034 | -€11,173 | -73.5% |
| Trade receivables | 40 | €6,296 | €493 | -€5,803 | -92.2% |
| Other amounts receivable | 41 | €8,911 | €3,541 | -€5,370 | -60.3% |
| Cash at bank and in hand | 54/58 | €32,379 | €70,288 | +€37,909 | +117% |
| Deferred charges and accrued income | 490/1 | €1,108 | €837 | -€270 | -24.4% |
| Total equity and liabilities | 10/49 | €91,528 | €107,334 | +€15,806 | +17.3% |
| Equity | 10/15 | €52,388 | €77,620 | +€25,232 | +48.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,388 | €74,620 | +€25,232 | +51.1% |
| Amounts payable | 17/49 | €39,140 | €29,715 | -€9,425 | -24.1% |
| Amounts payable after more than one year | 17 | €26,855 | €19,367 | -€7,488 | -27.9% |
| Financial debts | 170/4 | €26,855 | €19,367 | -€7,488 | -27.9% |
| Amounts payable within one year | 42/48 | €12,285 | €10,348 | -€1,937 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €10,079 | €7,488 | -€2,591 | -25.7% |
| Trade debts | 44 | €544 | €763 | +€219 | +40.2% |
| Suppliers | 440/4 | €544 | €763 | +€219 | +40.2% |
| Taxes, remuneration and social security | 45 | €1,654 | €1,654 | = | 0.0% |
| Taxes | 450/3 | €1,654 | €1,654 | = | 0.0% |
| Other amounts payable | 47/48 | €8 | €443 | +€435 | +5,485% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,222 | €12,409 | +€3,187 | +34.6% |
| Other operating charges | 640/8 | €437 | €820 | +€383 | +87.6% |
| Gross operating margin | 9900 | €72,903 | €46,945 | -€25,959 | -35.6% |
| Operating profit (loss) | 9901 | €63,244 | €33,716 | -€29,529 | -46.7% |
| Financial charges | 65/66B | €1,114 | €1,331 | +€217 | +19.5% |
| Recurring financial charges | 65 | €1,114 | €1,331 | +€217 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €62,130 | €32,385 | -€29,746 | -47.9% |
| Income taxes | 67/77 | €12,742 | €7,153 | -€5,589 | -43.9% |
| Profit (loss) for the period | 9904 | €49,388 | €25,232 | -€24,157 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,388 | €25,232 | -€24,157 | -48.9% |
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 26 October 2026 via checked.be.