GECONEX: 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.
GECONEX
Largest movements
- Receivables within one year -€42,112
down €42,112 (-17.9%), from €235,555 to €193,443
of which Trade receivables: -€60,150
- Cash -€19,896
down €19,896 (-100.0%), from €19,903 to €8
mainly Trade debts (-€63,438) and Deferred charges and accrued income (-€2,745)
- Tangible fixed assets -€4,724
no longer reported in 2025 (was €4,724)
- Deferred charges and accrued income +€2,745
up €2,745 (+31.4%), from €8,756 to €11,501
- Trade debts -€63,438
down €63,438 (-38.8%), from €163,299 to €99,861
- Gross operating margin -€11,081
down €11,081, from €5,078 to -€6,002
- Financial income +€3,096
up €3,096 (+36.8%), from €8,409 to €11,505
- Other operating charges -€2,642
down €2,642 (-86.9%), from €3,042 to €400
- Depreciation -€1,430
down €1,430 (-98.9%), from €1,446 to €16
- Financial charges -€116
down €116 (-17.6%), from €662 to €546
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 | €270,723 | €206,736 | -€63,987 | -23.6% |
| Fixed assets | 21/28 | €6,508 | €1,784 | -€4,724 | -72.6% |
| Tangible fixed assets | 22/27 | €4,724 | - | -€4,724 | |
| Furniture and vehicles | 24 | €4,724 | - | -€4,724 | |
| Financial fixed assets | 28 | €1,784 | €1,784 | = | 0.0% |
| Current assets | 29/58 | €264,215 | €204,951 | -€59,263 | -22.4% |
| Amounts receivable within one year | 40/41 | €235,555 | €193,443 | -€42,112 | -17.9% |
| Trade receivables | 40 | €60,150 | - | -€60,150 | |
| Other amounts receivable | 41 | €175,405 | €193,443 | +€18,038 | +10.3% |
| Cash at bank and in hand | 54/58 | €19,903 | €8 | -€19,896 | -100.0% |
| Deferred charges and accrued income | 490/1 | €8,756 | €11,501 | +€2,745 | +31.4% |
| Total equity and liabilities | 10/49 | €270,723 | €206,736 | -€63,987 | -23.6% |
| Equity | 10/15 | €105,601 | €106,346 | +€745 | +0.7% |
| Contributions | 10/11 | €161,500 | €161,500 | = | 0.0% |
| Capital | 10 | €161,500 | €161,500 | = | 0.0% |
| Issued capital | 100 | €161,500 | €161,500 | = | 0.0% |
| Reserves | 13 | €47,941 | €47,941 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,150 | €16,150 | = | 0.0% |
| Legal reserve | 130 | €16,150 | €16,150 | = | 0.0% |
| Distributable reserves | 133 | €31,791 | €31,791 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,839 | -€103,094 | +€745 | +0.7% |
| Amounts payable | 17/49 | €165,122 | €100,389 | -€64,732 | -39.2% |
| Amounts payable within one year | 42/48 | €165,104 | €100,363 | -€64,741 | -39.2% |
| Financial debts | 43 | - | €415 | +€415 | |
| Credit institutions | 430/8 | - | €415 | +€415 | |
| Trade debts | 44 | €163,299 | €99,861 | -€63,438 | -38.8% |
| Suppliers | 440/4 | €163,299 | €99,861 | -€63,438 | -38.8% |
| Taxes, remuneration and social security | 45 | €1,805 | €86 | -€1,719 | -95.2% |
| Taxes | 450/3 | €1,805 | €86 | -€1,719 | -95.2% |
| Accrued charges and deferred income | 492/3 | €17 | €26 | +€9 | +51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,446 | €16 | -€1,430 | -98.9% |
| Other operating charges | 640/8 | €3,042 | €400 | -€2,642 | -86.9% |
| Non-recurring operating charges | 66A | - | €3,709 | +€3,709 | |
| Gross operating margin | 9900 | €5,078 | -€6,002 | -€11,081 | |
| Operating profit (loss) | 9901 | €591 | -€10,126 | -€10,717 | |
| Financial income | 75/76B | €8,409 | €11,505 | +€3,096 | +36.8% |
| Recurring financial income | 75 | €8,409 | €11,505 | +€3,096 | +36.8% |
| Financial charges | 65/66B | €662 | €546 | -€116 | -17.6% |
| Recurring financial charges | 65 | €662 | €546 | -€116 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €8,338 | €833 | -€7,505 | -90.0% |
| Income taxes | 67/77 | €167 | €88 | -€80 | -47.7% |
| Profit (loss) for the period | 9904 | €8,170 | €745 | -€7,425 | -90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,170 | €745 | -€7,425 | -90.9% |
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 11 October 2026 via checked.be.