GECOL: 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.
What changed
GECOL
NACE 01.461, Pig breeding farms
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€24,366
2024 · €110,000-€85,633
Equity
€952,050
2024 · €927,684+€24,366
Cash
€142,323
2024 · €179,222-€36,899
Balance sheet total
€1.3m
2024 · €1.4m-€45,347
Largest movements
Assets
- Cash -€36,899
down €36,899 (-20.6%), from €179,222 to €142,323
mainly Debts after one year (-€32,667) and Trade debts (-€24,900)
- Tangible fixed assets -€23,788
down €23,788 (-4.9%), from €486,508 to €462,720
of which Furniture and vehicles: -€12,378
Equity and liabilities
- Debts after one year -€32,667
down €32,667 (-10.1%), from €323,944 to €291,277
- Trade debts -€24,900
down €24,900 (-62.8%), from €39,643 to €14,743
- Reserves +€24,366
up €24,366 (+2.7%), from €909,092 to €933,458
Income statement
- Services and other goods -€73,300
down €73,300 (-37.4%), from €195,895 to €122,595
- Taxes -€31,156
down €31,156 (-88.7%), from €35,142 to €3,986
- Turnover -€24,434
down €24,434 (-14.0%), from €174,750 to €150,316
- Financial income -€17,395
down €17,395 (-42.7%), from €40,737 to €23,342
- Other operating income -€2,003
down €2,003 (-11.5%), from €17,386 to €15,383
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.
Result 2024
€110,000
Turnover
-€24,434
Other operating income
-€2,003
Services and other goods
+€73,300
Depreciation
+€660
Other operating charges
-€123
Other operating items
-€148,400
Financial income
-€17,395
Financial charges
+€1,607
Taxes
+€31,156
Result 2025
€24,366
Cash bridge derived
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.
From operations
+€8,496
Investment
-€3,394
Financing
-€42,000
Cash 2024
€179,222
From operations (derived)
+€8,496
Net result for the year
+€24,366
Depreciation
+€23,788
Receivables within one year
-€12,233
Deferred charges and accrued income
+€288
Trade debts
-€24,900
Tax, wage and social debts
-€2,570
Accrued charges and deferred income
-€243
Investment (derived)
-€3,394
Investment in fixed assets (net)
-€1,500
Current investments
-€1,894
Financing
-€42,000
Debts after one year
-€32,667
Current portion of long-term debt
-€9,334
Cash 2025
€142,323
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,383,098 | €1,337,752 | -€45,347 | -3.3% |
| Fixed assets | 21/28 | €513,127 | €490,839 | -€22,288 | -4.3% |
| Tangible fixed assets | 22/27 | €486,508 | €462,720 | -€23,788 | -4.9% |
| Land and buildings | 22 | €441,062 | €430,670 | -€10,391 | -2.4% |
| Plant, machinery and equipment | 23 | €3,057 | €2,038 | -€1,019 | -33.3% |
| Furniture and vehicles | 24 | €42,390 | €30,012 | -€12,378 | -29.2% |
| Financial fixed assets | 28 | €26,618 | €28,118 | +€1,500 | +5.6% |
| Affiliated companies | 280/1 | €26,618 | €26,618 | = | 0.0% |
| Participating interests | 280 | €26,618 | €26,618 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €1,500 | +€1,500 | |
| Amounts receivable and cash guarantees | 285/8 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €869,972 | €846,913 | -€23,059 | -2.7% |
| Amounts receivable within one year | 40/41 | €90,160 | €102,393 | +€12,233 | +13.6% |
| Trade receivables | 40 | €15,125 | €15,125 | = | 0.0% |
| Other amounts receivable | 41 | €75,035 | €87,268 | +€12,233 | +16.3% |
| Current investments | 50/53 | €599,701 | €601,595 | +€1,894 | +0.3% |
| Other investments | 51/53 | €599,701 | €601,595 | +€1,894 | +0.3% |
| Cash at bank and in hand | 54/58 | €179,222 | €142,323 | -€36,899 | -20.6% |
| Deferred charges and accrued income | 490/1 | €889 | €602 | -€288 | -32.3% |
| Total equity and liabilities | 10/49 | €1,383,098 | €1,337,752 | -€45,347 | -3.3% |
| Equity | 10/15 | €927,684 | €952,050 | +€24,366 | +2.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €909,092 | €933,458 | +€24,366 | +2.7% |
| Distributable reserves | 133 | €909,092 | €933,458 | +€24,366 | +2.7% |
| Amounts payable | 17/49 | €455,415 | €385,702 | -€69,713 | -15.3% |
| Amounts payable after more than one year | 17 | €323,944 | €291,277 | -€32,667 | -10.1% |
| Financial debts | 170/4 | €323,944 | €291,277 | -€32,667 | -10.1% |
| Credit institutions | 173 | €267,944 | €235,277 | -€32,667 | -12.2% |
| Other loans | 174 | €56,000 | €56,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €127,439 | €90,635 | -€36,804 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €42,000 | €32,667 | -€9,334 | -22.2% |
| Trade debts | 44 | €39,643 | €14,743 | -€24,900 | -62.8% |
| Suppliers | 440/4 | €39,643 | €14,743 | -€24,900 | -62.8% |
| Taxes, remuneration and social security | 45 | €8,890 | €6,320 | -€2,570 | -28.9% |
| Taxes | 450/3 | €8,890 | €5,720 | -€3,170 | -35.7% |
| Remuneration and social security | 454/9 | - | €600 | +€600 | |
| Other amounts payable | 47/48 | €36,906 | €36,906 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,032 | €3,789 | -€243 | -6.0% |
| Operating income | 70/76A | €340,536 | €165,699 | -€174,837 | -51.3% |
| Turnover | 70 | €174,750 | €150,316 | -€24,434 | -14.0% |
| Other operating income | 74 | €17,386 | €15,383 | -€2,003 | -11.5% |
| Non-recurring operating income | 76A | €148,400 | - | -€148,400 | |
| Operating charges | 60/66A | €224,384 | €150,547 | -€73,836 | -32.9% |
| Services and other goods | 61 | €195,895 | €122,595 | -€73,300 | -37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,448 | €23,788 | -€660 | -2.7% |
| Other operating charges | 640/8 | €4,041 | €4,165 | +€123 | +3.1% |
| Operating profit (loss) | 9901 | €116,153 | €15,152 | -€101,001 | -87.0% |
| Financial income | 75/76B | €40,737 | €23,342 | -€17,395 | -42.7% |
| Recurring financial income | 75 | €40,737 | €23,342 | -€17,395 | -42.7% |
| Income from current assets | 751 | €3,708 | €23,117 | +€19,408 | +523.4% |
| Other financial income | 752/9 | €37,029 | €225 | -€36,804 | -99.4% |
| Financial charges | 65/66B | €11,748 | €10,141 | -€1,607 | -13.7% |
| Recurring financial charges | 65 | €11,748 | €10,141 | -€1,607 | -13.7% |
| Debt charges | 650 | €10,765 | €9,418 | -€1,347 | -12.5% |
| Other financial charges | 652/9 | €982 | €722 | -€260 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €145,142 | €28,353 | -€116,789 | -80.5% |
| Income taxes | 67/77 | €35,142 | €3,986 | -€31,156 | -88.7% |
| Taxes | 670/3 | €35,142 | €3,986 | -€31,156 | -88.7% |
| Profit (loss) for the period | 9904 | €110,000 | €24,366 | -€85,633 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €110,000 | €24,366 | -€85,633 | -77.8% |
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 12 October 2026 via checked.be.