Geco-Rent: what changed
Geco-Rent
Largest movements
- Cash -€63,813
down €63,813 (-91.8%), from €69,494 to €5,680
mainly Trade debts (-€73,261) and Investment in fixed assets (net) (-€49,659)
- Receivables within one year +€22,176
up €22,176 (+35.0%), from €63,377 to €85,553
of which Trade receivables: +€25,910
- Tangible fixed assets -€5,928
down €5,928 (-2.7%), from €223,033 to €217,105
of which Plant, machinery and equipment: -€40,483
- Trade debts -€73,261
down €73,261 (-96.3%), from €76,059 to €2,798
- Reserves +€18,759
up €18,759 (+10.7%), from €174,725 to €193,483
of which Distributable reserves: +€20,592
- Debts after one year +€8,410
up €8,410 (+17.9%), from €46,889 to €55,300
- Current portion of long-term debt -€4,542
down €4,542 (-13.7%), from €33,112 to €28,570
- Tax, wage and social debts +€3,679
new in 2025: €3,679
- Gross operating margin +€33,685
up €33,685 (+67.5%), from €49,893 to €83,578
- Depreciation +€8,041
up €8,041 (+16.9%), from €47,547 to €55,587
- Taxes +€3,631
up €3,631, from €0 to €3,631
- Financial charges +€2,108
up €2,108 (+92.3%), from €2,283 to €4,391
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €357,404 | €309,839 | -€47,565 | -13.3% |
| Fixed assets | 21/28 | €223,033 | €217,105 | -€5,928 | -2.7% |
| Tangible fixed assets | 22/27 | €223,033 | €217,105 | -€5,928 | -2.7% |
| Land and buildings | 22 | €71,134 | €70,252 | -€882 | -1.2% |
| Plant, machinery and equipment | 23 | €145,491 | €105,008 | -€40,483 | -27.8% |
| Furniture and vehicles | 24 | €6,408 | €41,845 | +€35,437 | +553% |
| Current assets | 29/58 | €134,371 | €92,734 | -€41,637 | -31.0% |
| Amounts receivable within one year | 40/41 | €63,377 | €85,553 | +€22,176 | +35.0% |
| Trade receivables | 40 | €55,275 | €81,185 | +€25,910 | +46.9% |
| Other amounts receivable | 41 | €8,102 | €4,369 | -€3,734 | -46.1% |
| Cash at bank and in hand | 54/58 | €69,494 | €5,680 | -€63,813 | -91.8% |
| Deferred charges and accrued income | 490/1 | €1,500 | €1,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €357,404 | €309,839 | -€47,565 | -13.3% |
| Equity | 10/15 | €199,725 | €218,483 | +€18,759 | +9.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €174,725 | €193,483 | +€18,759 | +10.7% |
| Tax-exempt reserves | 132 | €4,859 | €3,025 | -€1,834 | -37.7% |
| Distributable reserves | 133 | €169,866 | €190,458 | +€20,592 | +12.1% |
| Provisions and deferred taxes | 16 | €1,620 | €1,008 | -€611 | -37.7% |
| Deferred taxes | 168 | €1,620 | €1,008 | -€611 | -37.7% |
| Amounts payable | 17/49 | €156,060 | €90,347 | -€65,713 | -42.1% |
| Amounts payable after more than one year | 17 | €46,889 | €55,300 | +€8,410 | +17.9% |
| Financial debts | 170/4 | €46,889 | €55,300 | +€8,410 | +17.9% |
| Amounts payable within one year | 42/48 | €109,171 | €35,047 | -€74,123 | -67.9% |
| Current portion of amounts payable after more than one year | 42 | €33,112 | €28,570 | -€4,542 | -13.7% |
| Trade debts | 44 | €76,059 | €2,798 | -€73,261 | -96.3% |
| Suppliers | 440/4 | €76,059 | €2,798 | -€73,261 | -96.3% |
| Taxes, remuneration and social security | 45 | - | €3,679 | +€3,679 | |
| Taxes | 450/3 | - | €3,679 | +€3,679 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,547 | €55,587 | +€8,041 | +16.9% |
| Other operating charges | 640/8 | €1,869 | €1,821 | -€48 | -2.6% |
| Gross operating margin | 9900 | €49,893 | €83,578 | +€33,685 | +67.5% |
| Operating profit (loss) | 9901 | €478 | €26,170 | +€25,693 | +5,381% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €2,283 | €4,391 | +€2,108 | +92.3% |
| Recurring financial charges | 65 | €2,283 | €4,391 | +€2,108 | +92.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,805 | €21,779 | +€23,584 | |
| Transfer from deferred taxes | 780 | €611 | €611 | = | 0.0% |
| Income taxes | 67/77 | €0 | €3,631 | +€3,631 | |
| Profit (loss) for the period | 9904 | -€1,194 | €18,759 | +€19,953 | |
| Transfer from tax-exempt reserves | 789 | €1,834 | €1,834 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €639 | €20,592 | +€19,953 | +3,121% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.