Gécosat-B: 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.
Gécosat-B
Largest movements
- Tangible fixed assets -€15,962
down €15,962 (-49.4%), from €32,299 to €16,338
of which Furniture and vehicles: -€14,066
- Cash -€8,257
down €8,257 (-32.8%), from €25,208 to €16,951
mainly Trade debts (-€18,232) and Receivables within one year (-€6,928)
- Receivables within one year +€6,928
up €6,928 (+11.9%), from €58,175 to €65,104
of which Other amounts receivable: +€24,910
- Deferred charges and accrued income -€3,336
down €3,336 (-48.0%), from €6,956 to €3,620
- Trade debts -€18,232
down €18,232 (-93.2%), from €19,563 to €1,330
- Tax, wage and social debts -€3,853
down €3,853 (-5.4%), from €70,955 to €67,103
of which Remuneration and social security: -€27,963
- Profit (loss) carried forward +€1,459
up €1,459 (+14.1%), from €10,312 to €11,771
- Gross operating margin -€62,601
down €62,601 (-11.2%), from €558,201 to €495,600
- Staff costs -€61,573
down €61,573 (-11.5%), from €535,228 to €473,655
- Depreciation -€12,079
down €12,079 (-43.1%), from €28,041 to €15,962
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 | €122,638 | €102,012 | -€20,626 | -16.8% |
| Fixed assets | 21/28 | €32,299 | €16,338 | -€15,962 | -49.4% |
| Tangible fixed assets | 22/27 | €32,299 | €16,338 | -€15,962 | -49.4% |
| Land and buildings | 22 | €15,898 | €14,002 | -€1,896 | -11.9% |
| Furniture and vehicles | 24 | €16,401 | €2,335 | -€14,066 | -85.8% |
| Current assets | 29/58 | €90,339 | €85,675 | -€4,665 | -5.2% |
| Amounts receivable within one year | 40/41 | €58,175 | €65,104 | +€6,928 | +11.9% |
| Trade receivables | 40 | €56,851 | €38,869 | -€17,982 | -31.6% |
| Other amounts receivable | 41 | €1,325 | €26,235 | +€24,910 | +1,881% |
| Cash at bank and in hand | 54/58 | €25,208 | €16,951 | -€8,257 | -32.8% |
| Deferred charges and accrued income | 490/1 | €6,956 | €3,620 | -€3,336 | -48.0% |
| Total equity and liabilities | 10/49 | €122,638 | €102,012 | -€20,626 | -16.8% |
| Equity | 10/15 | €30,772 | €32,231 | +€1,459 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,312 | €11,771 | +€1,459 | +14.1% |
| Amounts payable | 17/49 | €91,866 | €69,781 | -€22,085 | -24.0% |
| Amounts payable within one year | 42/48 | €91,866 | €69,781 | -€22,085 | -24.0% |
| Trade debts | 44 | €19,563 | €1,330 | -€18,232 | -93.2% |
| Suppliers | 440/4 | €19,563 | €1,330 | -€18,232 | -93.2% |
| Taxes, remuneration and social security | 45 | €70,955 | €67,103 | -€3,853 | -5.4% |
| Taxes | 450/3 | €2,110 | €26,220 | +€24,111 | +1,143% |
| Remuneration and social security | 454/9 | €68,846 | €40,882 | -€27,963 | -40.6% |
| Other amounts payable | 47/48 | €1,348 | €1,348 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €535,228 | €473,655 | -€61,573 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,041 | €15,962 | -€12,079 | -43.1% |
| Other operating charges | 640/8 | €814 | €411 | -€403 | -49.5% |
| Gross operating margin | 9900 | €558,201 | €495,600 | -€62,601 | -11.2% |
| Operating profit (loss) | 9901 | -€5,881 | €5,573 | +€11,454 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €179 | €171 | -€7 | -4.2% |
| Recurring financial charges | 65 | €179 | €171 | -€7 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,060 | €5,402 | +€11,462 | |
| Income taxes | 67/77 | €1,710 | €3,943 | +€2,233 | +131% |
| Profit (loss) for the period | 9904 | -€7,770 | €1,459 | +€9,229 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,770 | €1,459 | +€9,229 |
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 27 October 2026 via checked.be.