Gecolu: what changed
Two fiscal 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.
Gecolu
Largest movements
- Cash +€140,340
up €140,340 (+955.7%), from €14,685 to €155,025
mainly Current investments (+€71,660) and Net result for the year (+€54,608)
- Current investments -€71,660
down €71,660 (-40.7%), from €176,130 to €104,470
- Tangible fixed assets -€17,346
down €17,346 (-21.7%), from €80,094 to €62,748
of which Furniture and vehicles: -€13,062
- Receivables within one year -€13,638
down €13,638 (-40.4%), from €33,754 to €20,116
of which Trade receivables: -€17,271
- Reserves +€37,675
up €37,675 (+14.3%), from €264,094 to €301,769
of which Distributable reserves: +€39,535
- Debts after one year +€20,000
new in 2025: €20,000
- Tax, wage and social debts -€14,009
down €14,009 (-88.7%), from €15,799 to €1,790
- Other debts -€5,970
down €5,970 (-96.7%), from €6,170 to €201
- Gross operating margin -€27,357
down €27,357 (-23.0%), from €118,798 to €91,441
- Depreciation +€6,656
up €6,656 (+62.3%), from €10,690 to €17,346
- Taxes -€6,488
down €6,488 (-21.6%), from €30,012 to €23,525
- Financial charges -€3,344
down €3,344 (-80.7%), from €4,141 to €798
- Financial income +€1,557
up €1,557 (+35.1%), from €4,433 to €5,990
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €304,664 | €342,359 | +€37,696 | +12.4% |
| Fixed assets | 21/28 | €80,094 | €62,748 | -€17,346 | -21.7% |
| Tangible fixed assets | 22/27 | €80,094 | €62,748 | -€17,346 | -21.7% |
| Plant, machinery and equipment | 23 | €21,870 | €17,586 | -€4,284 | -19.6% |
| Furniture and vehicles | 24 | €58,225 | €45,162 | -€13,062 | -22.4% |
| Current assets | 29/58 | €224,569 | €279,611 | +€55,042 | +24.5% |
| Amounts receivable within one year | 40/41 | €33,754 | €20,116 | -€13,638 | -40.4% |
| Trade receivables | 40 | €29,929 | €12,658 | -€17,271 | -57.7% |
| Other amounts receivable | 41 | €3,825 | €7,458 | +€3,633 | +95.0% |
| Current investments | 50/53 | €176,130 | €104,470 | -€71,660 | -40.7% |
| Cash at bank and in hand | 54/58 | €14,685 | €155,025 | +€140,340 | +955.7% |
| Total equity and liabilities | 10/49 | €304,664 | €342,359 | +€37,696 | +12.4% |
| Equity | 10/15 | €282,694 | €320,369 | +€37,675 | +13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €264,094 | €301,769 | +€37,675 | +14.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €262,234 | €301,769 | +€39,535 | +15.1% |
| Amounts payable | 17/49 | €21,970 | €21,991 | +€21 | +0.1% |
| Amounts payable after more than one year | 17 | - | €20,000 | +€20,000 | |
| Financial debts | 170/4 | - | €20,000 | +€20,000 | |
| Amounts payable within one year | 42/48 | €21,970 | €1,991 | -€19,979 | -90.9% |
| Taxes, remuneration and social security | 45 | €15,799 | €1,790 | -€14,009 | -88.7% |
| Taxes | 450/3 | €15,799 | €1,790 | -€14,009 | -88.7% |
| Other amounts payable | 47/48 | €6,170 | €201 | -€5,970 | -96.7% |
| Non-recurring operating income | 76A | €20,000 | - | -€20,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,690 | €17,346 | +€6,656 | +62.3% |
| Other operating charges | 640/8 | €1,358 | €1,155 | -€204 | -15.0% |
| Gross operating margin | 9900 | €118,798 | €91,441 | -€27,357 | -23.0% |
| Operating profit (loss) | 9901 | €106,750 | €72,940 | -€33,810 | -31.7% |
| Financial income | 75/76B | €4,433 | €5,990 | +€1,557 | +35.1% |
| Recurring financial income | 75 | €4,433 | €5,990 | +€1,557 | +35.1% |
| Financial charges | 65/66B | €4,141 | €798 | -€3,344 | -80.7% |
| Recurring financial charges | 65 | €4,141 | €798 | -€3,344 | -80.7% |
| Profit (loss) for the period before taxes | 9903 | €107,042 | €78,133 | -€28,910 | -27.0% |
| Income taxes | 67/77 | €30,012 | €23,525 | -€6,488 | -21.6% |
| Profit (loss) for the period | 9904 | €77,030 | €54,608 | -€22,422 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,030 | €54,608 | -€22,422 | -29.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.