GECOFIE: 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.
GECOFIE
Largest movements
- Tangible fixed assets -€47,758
down €47,758 (-4.5%), from €1.1m to €1.0m
of which Land and buildings: -€45,576
- Receivables within one year +€24,451
up €24,451 (+1,977%), from €1,237 to €25,688
of which Other amounts receivable: +€24,451
- Deferred charges and accrued income -€24,000
no longer reported in 2025 (was €24,000)
- Cash -€23,498
down €23,498 (-49.9%), from €47,117 to €23,619
mainly Net result for the year (-€71,792) and Receivables within one year (-€24,451)
- Profit (loss) carried forward -€71,792
down €71,792 (-4.3%), from -€1.7m to -€1.7m
- Gross operating margin -€27,970
down €27,970, from €15,311 to -€12,659
- Depreciation +€985
up €985 (+2.1%), from €46,773 to €47,758
- Financial income +€663
new in 2025: €663
of which Financial income: +€663
- Other operating charges +€360
up €360 (+3.1%), from €11,470 to €11,830
- Financial charges -€174
down €174 (-45.5%), from €382 to €208
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 | €1,146,222 | €1,075,417 | -€70,805 | -6.2% |
| Fixed assets | 21/28 | €1,073,868 | €1,026,110 | -€47,758 | -4.4% |
| Tangible fixed assets | 22/27 | €1,072,308 | €1,024,550 | -€47,758 | -4.5% |
| Land and buildings | 22 | €1,054,129 | €1,008,553 | -€45,576 | -4.3% |
| Other tangible fixed assets | 26 | €18,179 | €15,997 | -€2,182 | -12.0% |
| Financial fixed assets | 28 | €1,560 | €1,560 | = | 0.0% |
| Current assets | 29/58 | €72,354 | €49,307 | -€23,047 | -31.9% |
| Amounts receivable within one year | 40/41 | €1,237 | €25,688 | +€24,451 | +1,977% |
| Trade receivables | 40 | €1,059 | €1,059 | = | 0.0% |
| Other amounts receivable | 41 | €178 | €24,629 | +€24,451 | +13,737% |
| Cash at bank and in hand | 54/58 | €47,117 | €23,619 | -€23,498 | -49.9% |
| Deferred charges and accrued income | 490/1 | €24,000 | - | -€24,000 | |
| Total equity and liabilities | 10/49 | €1,146,222 | €1,075,417 | -€70,805 | -6.2% |
| Equity | 10/15 | €1,146,131 | €1,074,339 | -€71,792 | -6.3% |
| Contributions | 10/11 | €2,800,000 | €2,800,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,653,869 | -€1,725,661 | -€71,792 | -4.3% |
| Amounts payable | 17/49 | €91 | €1,078 | +€987 | +1,085% |
| Amounts payable within one year | 42/48 | €91 | €79 | -€12 | -13.2% |
| Trade debts | 44 | €16 | €79 | +€63 | +394% |
| Suppliers | 440/4 | €16 | €79 | +€63 | +394% |
| Other amounts payable | 47/48 | €75 | - | -€75 | |
| Accrued charges and deferred income | 492/3 | - | €999 | +€999 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,773 | €47,758 | +€985 | +2.1% |
| Other operating charges | 640/8 | €11,470 | €11,830 | +€360 | +3.1% |
| Gross operating margin | 9900 | €15,311 | -€12,659 | -€27,970 | |
| Operating profit (loss) | 9901 | -€42,932 | -€72,247 | -€29,315 | -68.3% |
| Financial income | 75/76B | - | €663 | +€663 | |
| Recurring financial income | 75 | - | €663 | +€663 | |
| Non-recurring financial income | 76B | - | €663 | +€663 | |
| Financial charges | 65/66B | €382 | €208 | -€174 | -45.5% |
| Recurring financial charges | 65 | €382 | €208 | -€174 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | -€43,314 | -€71,792 | -€28,478 | -65.7% |
| Profit (loss) for the period | 9904 | -€43,314 | -€71,792 | -€28,478 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,314 | -€71,792 | -€28,478 | -65.7% |
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 19 October 2026 via checked.be.