Geco Works: 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 Works
Largest movements
- Receivables within one year +€85,952
up €85,952 (+10,657%), from €807 to €86,759
of which Trade receivables: +€43,205
- Cash -€10,956
down €10,956 (-41.1%), from €26,650 to €15,694
mainly Receivables within one year (-€85,952) and Trade debts (-€3,178)
- Tangible fixed assets -€2,580
down €2,580 (-20.8%), from €12,414 to €9,834
- Deferred charges and accrued income -€1,460
no longer reported in 2025 (was €1,460)
- Advances received +€37,605
new in 2025: €37,605
- Reserves +€28,826
up €28,826 (+113%), from €25,597 to €54,423
- Tax, wage and social debts +€7,704
up €7,704 (+86.5%), from €8,905 to €16,609
of which Taxes: +€9,513
- Trade debts -€3,178
down €3,178 (-65.8%), from €4,827 to €1,649
- Staff costs -€28,153
no longer reported in 2025 (was €28,153)
- Gross operating margin -€27,146
down €27,146 (-40.6%), from €66,795 to €39,649
- Depreciation +€2,094
up €2,094 (+430%), from €486 to €2,580
- Taxes +€1,527
up €1,527 (+23.3%), from €6,545 to €8,073
- Financial income +€1,302
up €1,302 (+633%), from €206 to €1,508
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 | €41,329 | €112,286 | +€70,957 | +172% |
| Fixed assets | 21/28 | €12,414 | €9,834 | -€2,580 | -20.8% |
| Tangible fixed assets | 22/27 | €12,414 | €9,834 | -€2,580 | -20.8% |
| Furniture and vehicles | 24 | €12,414 | €9,834 | -€2,580 | -20.8% |
| Current assets | 29/58 | €28,916 | €102,453 | +€73,537 | +254% |
| Amounts receivable within one year | 40/41 | €807 | €86,759 | +€85,952 | +10,657% |
| Trade receivables | 40 | €116 | €43,321 | +€43,205 | +37,407% |
| Other amounts receivable | 41 | €691 | €43,438 | +€42,747 | +6,186% |
| Cash at bank and in hand | 54/58 | €26,650 | €15,694 | -€10,956 | -41.1% |
| Deferred charges and accrued income | 490/1 | €1,460 | - | -€1,460 | |
| Total equity and liabilities | 10/49 | €41,329 | €112,286 | +€70,957 | +172% |
| Equity | 10/15 | €27,597 | €56,423 | +€28,826 | +104% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €25,597 | €54,423 | +€28,826 | +113% |
| Distributable reserves | 133 | €25,597 | €54,423 | +€28,826 | +113% |
| Amounts payable | 17/49 | €13,732 | €55,863 | +€42,131 | +307% |
| Amounts payable within one year | 42/48 | €13,732 | €55,863 | +€42,131 | +307% |
| Trade debts | 44 | €4,827 | €1,649 | -€3,178 | -65.8% |
| Suppliers | 440/4 | €4,827 | €1,649 | -€3,178 | -65.8% |
| Advances received on contracts in progress | 46 | - | €37,605 | +€37,605 | |
| Taxes, remuneration and social security | 45 | €8,905 | €16,609 | +€7,704 | +86.5% |
| Taxes | 450/3 | €7,096 | €16,609 | +€9,513 | +134% |
| Remuneration and social security | 454/9 | €1,809 | - | -€1,809 | |
| Remuneration, social security and pensions | 62 | €28,153 | - | -€28,153 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €486 | €2,580 | +€2,094 | +430% |
| Other operating charges | 640/8 | €190 | €1,469 | +€1,279 | +674% |
| Gross operating margin | 9900 | €66,795 | €39,649 | -€27,146 | -40.6% |
| Operating profit (loss) | 9901 | €37,966 | €35,600 | -€2,367 | -6.2% |
| Financial income | 75/76B | €206 | €1,508 | +€1,302 | +633% |
| Recurring financial income | 75 | €206 | €1,508 | +€1,302 | +633% |
| Financial charges | 65/66B | €30 | €209 | +€180 | +606% |
| Recurring financial charges | 65 | €30 | €209 | +€180 | +606% |
| Profit (loss) for the period before taxes | 9903 | €38,142 | €36,899 | -€1,244 | -3.3% |
| Income taxes | 67/77 | €6,545 | €8,073 | +€1,527 | +23.3% |
| Profit (loss) for the period | 9904 | €31,597 | €28,826 | -€2,771 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,597 | €28,826 | -€2,771 | -8.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.