GECORP ADVICE & MANAGEMENT: what changed
What changed
GECORP ADVICE & MANAGEMENT
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€34,761
2023 · -€2,735-€32,026
Equity
€31,083
2023 · €65,843-€34,761
Cash
€1,360
2023 · €9,118-€7,758
Balance sheet total
€438,161
2023 · €456,894-€18,733
Largest movements
Assets
- Receivables after one year +€25,000
new in 2024: €25,000
- Financial fixed assets -€24,610
down €24,610 (-6.6%), from €375,000 to €350,390
- Cash -€7,758
down €7,758 (-85.1%), from €9,118 to €1,360
mainly Net result for the year (-€34,761) and Receivables after one year (-€25,000)
- Receivables within one year -€7,323
down €7,323 (-13.4%), from €54,477 to €47,154
of which Trade receivables: -€4,277
Equity and liabilities
- Profit (loss) carried forward -€34,761
down €34,761 (-73.6%), from €47,243 to €12,483
- Accrued charges and deferred income +€20,793
up €20,793 (+38.2%), from €54,457 to €75,250
- Trade debts -€20,166
down €20,166 (-89.2%), from €22,618 to €2,452
- Other debts +€8,867
up €8,867 (+111%), from €7,992 to €16,858
- Tax, wage and social debts +€5,755
up €5,755 (+96.2%), from €5,985 to €11,739
of which Taxes: +€11,080
Income statement
- Gross operating margin -€32,557
down €32,557, from €24,035 to -€8,521
- Financial charges -€489
down €489 (-2.0%), from €24,216 to €23,726
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€2,735
Gross operating margin
-€32,557
Depreciation
-€207
Other operating charges
+€233
Financial income
+€0
Financial charges
+€489
Taxes
+€16
Result 2024
-€34,761
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€33,147
Investment
+€24,610
Financing
+€779
Cash 2023
€9,118
From operations (derived)
-€33,147
Net result for the year
-€34,761
Depreciation
+€2,015
Receivables after one year
-€25,000
Receivables within one year
+€7,323
Deferred charges and accrued income
+€2,026
Trade debts
-€20,166
Tax, wage and social debts
+€5,755
Other debts
+€8,867
Accrued charges and deferred income
+€20,793
Investment (derived)
+€24,610
Investment in fixed assets (net)
+€24,610
Financing
+€779
Short-term financial debts
+€779
Cash 2024
€1,360
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €456,894 | €438,161 | -€18,733 | -4.1% |
| Fixed assets | 21/28 | €383,030 | €356,405 | -€26,625 | -7.0% |
| Tangible fixed assets | 22/27 | €8,030 | €6,015 | -€2,015 | -25.1% |
| Furniture and vehicles | 24 | €8,030 | €6,015 | -€2,015 | -25.1% |
| Financial fixed assets | 28 | €375,000 | €350,390 | -€24,610 | -6.6% |
| Current assets | 29/58 | €73,864 | €81,756 | +€7,892 | +10.7% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 291 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €54,477 | €47,154 | -€7,323 | -13.4% |
| Trade receivables | 40 | €51,006 | €46,729 | -€4,277 | -8.4% |
| Other amounts receivable | 41 | €3,471 | €424 | -€3,047 | -87.8% |
| Cash at bank and in hand | 54/58 | €9,118 | €1,360 | -€7,758 | -85.1% |
| Deferred charges and accrued income | 490/1 | €10,269 | €8,243 | -€2,026 | -19.7% |
| Total equity and liabilities | 10/49 | €456,894 | €438,161 | -€18,733 | -4.1% |
| Equity | 10/15 | €65,843 | €31,083 | -€34,761 | -52.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,243 | €12,483 | -€34,761 | -73.6% |
| Amounts payable | 17/49 | €391,051 | €407,079 | +€16,027 | +4.1% |
| Amounts payable after more than one year | 17 | €300,000 | €300,000 | = | 0.0% |
| Other amounts payable | 178/9 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €36,594 | €31,829 | -€4,766 | -13.0% |
| Financial debts | 43 | - | €779 | +€779 | |
| Credit institutions | 430/8 | - | €779 | +€779 | |
| Trade debts | 44 | €22,618 | €2,452 | -€20,166 | -89.2% |
| Suppliers | 440/4 | €22,618 | €2,452 | -€20,166 | -89.2% |
| Taxes, remuneration and social security | 45 | €5,985 | €11,739 | +€5,755 | +96.2% |
| Taxes | 450/3 | €660 | €11,739 | +€11,080 | +1,679% |
| Remuneration and social security | 454/9 | €5,325 | €0 | -€5,325 | -100% |
| Other amounts payable | 47/48 | €7,992 | €16,858 | +€8,867 | +111% |
| Accrued charges and deferred income | 492/3 | €54,457 | €75,250 | +€20,793 | +38.2% |
| Non-recurring operating income | 76A | €12,587 | €0 | -€12,587 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,808 | €2,015 | +€207 | +11.5% |
| Other operating charges | 640/8 | €1,036 | €803 | -€233 | -22.5% |
| Gross operating margin | 9900 | €24,035 | -€8,521 | -€32,557 | |
| Operating profit (loss) | 9901 | €21,191 | -€11,339 | -€32,531 | |
| Financial income | 75/76B | €662 | €662 | +€0 | +0.1% |
| Recurring financial income | 75 | €662 | €662 | +€0 | +0.1% |
| Financial charges | 65/66B | €24,216 | €23,726 | -€489 | -2.0% |
| Recurring financial charges | 65 | €24,216 | €23,726 | -€489 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,363 | -€34,404 | -€32,041 | -1,356% |
| Income taxes | 67/77 | €372 | €357 | -€16 | -4.2% |
| Profit (loss) for the period | 9904 | -€2,735 | -€34,761 | -€32,026 | -1,171% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,735 | -€34,761 | -€32,026 | -1,171% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.