GECONET SERVICES: 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.
GECONET SERVICES
Largest movements
- Cash -€117,085
down €117,085 (-26.3%), from €444,485 to €327,401
mainly Other debts (-€161,632) and Tax, wage and social debts (-€36,011)
- Tangible fixed assets -€30,523
down €30,523 (-8.1%), from €376,067 to €345,544
of which Land and buildings: -€25,302
- Receivables within one year -€22,969
down €22,969 (-31.7%), from €72,555 to €49,587
of which Trade receivables: -€22,970
- Other debts -€161,632
down €161,632 (-69.2%), from €233,564 to €71,933
- Tax, wage and social debts -€36,011
down €36,011 (-59.2%), from €60,806 to €24,795
- Reserves +€28,853
up €28,853 (+5.8%), from €495,857 to €524,710
of which Distributable reserves: +€38,546
- Gross operating margin -€101,067
down €101,067 (-55.6%), from €181,756 to €80,689
- Taxes -€30,456
down €30,456 (-57.9%), from €52,557 to €22,101
- Write-downs -€9,802
down €9,802, from €7,011 to -€2,791
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 | €893,426 | €722,532 | -€170,894 | -19.1% |
| Fixed assets | 21/28 | €376,385 | €345,544 | -€30,841 | -8.2% |
| Intangible fixed assets | 21 | €318 | - | -€318 | |
| Tangible fixed assets | 22/27 | €376,067 | €345,544 | -€30,523 | -8.1% |
| Land and buildings | 22 | €370,700 | €345,398 | -€25,302 | -6.8% |
| Plant, machinery and equipment | 23 | €43 | - | -€43 | |
| Furniture and vehicles | 24 | €5,324 | €146 | -€5,178 | -97.3% |
| Current assets | 29/58 | €517,040 | €376,987 | -€140,053 | -27.1% |
| Amounts receivable within one year | 40/41 | €72,555 | €49,587 | -€22,969 | -31.7% |
| Trade receivables | 40 | €72,554 | €49,584 | -€22,970 | -31.7% |
| Other amounts receivable | 41 | €1 | €2 | +€1 | +100.0% |
| Cash at bank and in hand | 54/58 | €444,485 | €327,401 | -€117,085 | -26.3% |
| Total equity and liabilities | 10/49 | €893,426 | €722,532 | -€170,894 | -19.1% |
| Equity | 10/15 | €514,607 | €543,460 | +€28,853 | +5.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €495,857 | €524,710 | +€28,853 | +5.8% |
| Tax-exempt reserves | 132 | €154,058 | €144,365 | -€9,694 | -6.3% |
| Distributable reserves | 133 | €341,799 | €380,345 | +€38,546 | +11.3% |
| Provisions and deferred taxes | 16 | €51,353 | €48,122 | -€3,231 | -6.3% |
| Deferred taxes | 168 | €51,353 | €48,122 | -€3,231 | -6.3% |
| Amounts payable | 17/49 | €327,466 | €130,950 | -€196,515 | -60.0% |
| Amounts payable within one year | 42/48 | €326,957 | €130,648 | -€196,308 | -60.0% |
| Trade debts | 44 | €32,587 | €33,921 | +€1,334 | +4.1% |
| Suppliers | 440/4 | €32,587 | €33,921 | +€1,334 | +4.1% |
| Taxes, remuneration and social security | 45 | €60,806 | €24,795 | -€36,011 | -59.2% |
| Taxes | 450/3 | €60,806 | €24,795 | -€36,011 | -59.2% |
| Other amounts payable | 47/48 | €233,564 | €71,933 | -€161,632 | -69.2% |
| Accrued charges and deferred income | 492/3 | €509 | €302 | -€207 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,944 | €31,691 | -€1,254 | -3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,011 | -€2,791 | -€9,802 | |
| Other operating charges | 640/8 | €4,793 | €3,908 | -€885 | -18.5% |
| Gross operating margin | 9900 | €181,756 | €80,689 | -€101,067 | -55.6% |
| Operating profit (loss) | 9901 | €137,008 | €47,881 | -€89,127 | -65.1% |
| Financial income | 75/76B | €1,307 | €337 | -€970 | -74.2% |
| Recurring financial income | 75 | €1,307 | €337 | -€970 | -74.2% |
| Financial charges | 65/66B | €136 | €496 | +€360 | +265.1% |
| Recurring financial charges | 65 | €136 | €496 | +€360 | +265.1% |
| Profit (loss) for the period before taxes | 9903 | €138,180 | €47,722 | -€90,457 | -65.5% |
| Transfer from deferred taxes | 780 | €3,249 | €3,231 | -€18 | -0.5% |
| Income taxes | 67/77 | €52,557 | €22,101 | -€30,456 | -57.9% |
| Profit (loss) for the period | 9904 | €88,872 | €28,853 | -€60,019 | -67.5% |
| Transfer from tax-exempt reserves | 789 | €9,747 | €9,694 | -€54 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €98,619 | €38,546 | -€60,073 | -60.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.