GECOREM: 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.
GECOREM
Largest movements
- Cash -€3,627
down €3,627 (-12.9%), from €28,028 to €24,401
mainly Net result for the year (-€2,947) and Investment in fixed assets (net) (-€850)
- Reserves -€2,500
down €2,500 (-35.7%), from €7,000 to €4,500
- Profit (loss) carried forward -€447
down €447 (-92.2%), from €485 to €38
- Trade debts -€312
down €312 (-19.2%), from €1,623 to €1,312
- Gross operating margin -€1,730
down €1,730 (-546.7%), from -€316 to -€2,046
- Depreciation +€431
up €431 (+107.6%), from €400 to €831
- Other operating charges +€23
new in 2025: €23
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 | €30,074 | €26,610 | -€3,463 | -11.5% |
| Fixed assets | 21/28 | €1,712 | €1,730 | +€19 | +1.1% |
| Tangible fixed assets | 22/27 | €1,712 | €1,730 | +€19 | +1.1% |
| Land and buildings | 22 | €169 | €85 | -€85 | -50.0% |
| Furniture and vehicles | 24 | €1,542 | €1,646 | +€103 | +6.7% |
| Current assets | 29/58 | €28,362 | €24,880 | -€3,482 | -12.3% |
| Amounts receivable within one year | 40/41 | €334 | €479 | +€146 | +43.6% |
| Trade receivables | 40 | €24 | €24 | = | 0.0% |
| Other amounts receivable | 41 | €310 | €455 | +€146 | +47.0% |
| Cash at bank and in hand | 54/58 | €28,028 | €24,401 | -€3,627 | -12.9% |
| Total equity and liabilities | 10/49 | €30,074 | €26,610 | -€3,463 | -11.5% |
| Equity | 10/15 | €15,645 | €12,698 | -€2,947 | -18.8% |
| Contributions | 10/11 | €8,160 | €8,160 | = | 0.0% |
| Reserves | 13 | €7,000 | €4,500 | -€2,500 | -35.7% |
| Distributable reserves | 133 | €7,000 | €4,500 | -€2,500 | -35.7% |
| Profit (loss) carried forward | 14 | €485 | €38 | -€447 | -92.2% |
| Amounts payable | 17/49 | €14,429 | €13,913 | -€516 | -3.6% |
| Amounts payable within one year | 42/48 | €14,429 | €13,913 | -€516 | -3.6% |
| Trade debts | 44 | €1,623 | €1,312 | -€312 | -19.2% |
| Suppliers | 440/4 | €1,623 | €1,312 | -€312 | -19.2% |
| Other amounts payable | 47/48 | €12,806 | €12,601 | -€205 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €400 | €831 | +€431 | +107.6% |
| Other operating charges | 640/8 | - | €23 | +€23 | |
| Gross operating margin | 9900 | -€316 | -€2,046 | -€1,730 | -546.7% |
| Operating profit (loss) | 9901 | -€717 | -€2,900 | -€2,184 | -304.7% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €47 | €46 | -€1 | -1.8% |
| Recurring financial charges | 65 | €47 | €46 | -€1 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€764 | -€2,947 | -€2,183 | -285.8% |
| Profit (loss) for the period | 9904 | -€764 | -€2,947 | -€2,183 | -285.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€764 | -€2,947 | -€2,183 | -285.8% |
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.