GECOMM: 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.
GECOMM
Largest movements
- Cash +€6,397
up €6,397 (+55.2%), from €11,587 to €17,984
mainly Net result for the year (+€9,288) and Depreciation (+€4,294)
- Tangible fixed assets -€4,294
down €4,294 (-56.9%), from €7,545 to €3,251
- Receivables within one year +€3,576
up €3,576 (+44.7%), from €8,004 to €11,580
of which Trade receivables: +€2,143
- Trade debts +€3,154
up €3,154 (+130%), from €2,432 to €5,586
- Tax, wage and social debts +€2,811
up €2,811 (+73.5%), from €3,823 to €6,634
of which Taxes: +€2,811
- Current portion of long-term debt -€2,397
no longer reported in 2025 (was €2,397)
- Other debts +€2,220
up €2,220 (+23.6%), from €9,404 to €11,624
- Gross operating margin +€8,451
up €8,451 (+87.4%), from €9,669 to €18,120
- Taxes +€1,940
up €1,940 (+109%), from €1,788 to €3,728
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 | €28,579 | €34,040 | +€5,461 | +19.1% |
| Fixed assets | 21/28 | €7,545 | €3,251 | -€4,294 | -56.9% |
| Tangible fixed assets | 22/27 | €7,545 | €3,251 | -€4,294 | -56.9% |
| Furniture and vehicles | 24 | €7,545 | €3,251 | -€4,294 | -56.9% |
| Current assets | 29/58 | €21,034 | €30,789 | +€9,755 | +46.4% |
| Amounts receivable within one year | 40/41 | €8,004 | €11,580 | +€3,576 | +44.7% |
| Trade receivables | 40 | €7,792 | €9,935 | +€2,143 | +27.5% |
| Other amounts receivable | 41 | €212 | €1,645 | +€1,433 | +676% |
| Cash at bank and in hand | 54/58 | €11,587 | €17,984 | +€6,397 | +55.2% |
| Deferred charges and accrued income | 490/1 | €1,443 | €1,225 | -€218 | -15.1% |
| Total equity and liabilities | 10/49 | €28,579 | €34,040 | +€5,461 | +19.1% |
| Equity | 10/15 | €10,341 | €10,129 | -€212 | -2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,815 | €3,815 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,815 | €3,815 | = | 0.0% |
| Profit (loss) carried forward | 14 | €326 | €114 | -€212 | -65.0% |
| Amounts payable | 17/49 | €18,238 | €23,911 | +€5,673 | +31.1% |
| Amounts payable within one year | 42/48 | €18,056 | €23,844 | +€5,788 | +32.1% |
| Current portion of amounts payable after more than one year | 42 | €2,397 | - | -€2,397 | |
| Trade debts | 44 | €2,432 | €5,586 | +€3,154 | +130% |
| Suppliers | 440/4 | €2,432 | €5,586 | +€3,154 | +130% |
| Taxes, remuneration and social security | 45 | €3,823 | €6,634 | +€2,811 | +73.5% |
| Taxes | 450/3 | €2,823 | €5,634 | +€2,811 | +99.6% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €9,404 | €11,624 | +€2,220 | +23.6% |
| Accrued charges and deferred income | 492/3 | €182 | €67 | -€115 | -63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,294 | €4,294 | = | 0.0% |
| Other operating charges | 640/8 | €624 | €646 | +€22 | +3.5% |
| Gross operating margin | 9900 | €9,669 | €18,120 | +€8,451 | +87.4% |
| Operating profit (loss) | 9901 | €4,751 | €13,180 | +€8,429 | +177% |
| Financial charges | 65/66B | €240 | €164 | -€76 | -31.7% |
| Recurring financial charges | 65 | €240 | €164 | -€76 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €4,511 | €13,016 | +€8,505 | +189% |
| Income taxes | 67/77 | €1,788 | €3,728 | +€1,940 | +109% |
| Profit (loss) for the period | 9904 | €2,723 | €9,288 | +€6,565 | +241% |
| Profit (loss) for the period to be appropriated | 9905 | €2,723 | €9,288 | +€6,565 | +241% |
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 16 October 2026 via checked.be.