GECOSIM: 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.
GECOSIM
Largest movements
- Tangible fixed assets -€56,167
down €56,167 (-8.7%), from €642,644 to €586,477
- Cash -€11,780
down €11,780 (-68.3%), from €17,253 to €5,474
mainly Debts after one year (-€83,571) and Net result for the year (-€18,980)
- Deferred charges and accrued income -€8,115
down €8,115 (-90.7%), from €8,943 to €828
- Debts after one year -€83,571
down €83,571 (-26.9%), from €310,357 to €226,786
- Other debts +€28,124
up €28,124 (+29.7%), from €94,709 to €122,832
- Profit (loss) carried forward -€18,980
down €18,980, from €10,832 to -€8,148
- Provisions -€11,679
no longer reported in 2025 (was €11,679)
- Trade debts +€8,632
up €8,632 (+19.5%), from €44,230 to €52,862
- Gross operating margin -€40,668
down €40,668 (-39.8%), from €102,246 to €61,577
- Provisions -€23,358
down €23,358, from €11,679 to -€11,679
- Financial charges -€8,206
down €8,206 (-30.7%), from €26,762 to €18,555
- Write-downs +€3,031
new in 2025: €3,031
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 | €670,251 | €592,967 | -€77,284 | -11.5% |
| Fixed assets | 21/28 | €642,644 | €586,477 | -€56,167 | -8.7% |
| Tangible fixed assets | 22/27 | €642,644 | €586,477 | -€56,167 | -8.7% |
| Land and buildings | 22 | €642,644 | €586,477 | -€56,167 | -8.7% |
| Current assets | 29/58 | €27,607 | €6,490 | -€21,117 | -76.5% |
| Amounts receivable within one year | 40/41 | €1,410 | €188 | -€1,222 | -86.7% |
| Trade receivables | 40 | €1,177 | €188 | -€989 | -84.0% |
| Other amounts receivable | 41 | €233 | - | -€233 | |
| Cash at bank and in hand | 54/58 | €17,253 | €5,474 | -€11,780 | -68.3% |
| Deferred charges and accrued income | 490/1 | €8,943 | €828 | -€8,115 | -90.7% |
| Total equity and liabilities | 10/49 | €670,251 | €592,967 | -€77,284 | -11.5% |
| Equity | 10/15 | €120,832 | €101,852 | -€18,980 | -15.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,832 | -€8,148 | -€18,980 | |
| Provisions and deferred taxes | 16 | €11,679 | - | -€11,679 | |
| Provisions for liabilities and charges | 160/5 | €11,679 | - | -€11,679 | |
| Major repairs and maintenance | 162 | €11,679 | - | -€11,679 | |
| Amounts payable | 17/49 | €537,740 | €491,115 | -€46,625 | -8.7% |
| Amounts payable after more than one year | 17 | €310,357 | €226,786 | -€83,571 | -26.9% |
| Financial debts | 170/4 | €310,357 | €226,786 | -€83,571 | -26.9% |
| Amounts payable within one year | 42/48 | €222,664 | €259,611 | +€36,947 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €83,571 | €83,571 | = | 0.0% |
| Trade debts | 44 | €44,230 | €52,862 | +€8,632 | +19.5% |
| Suppliers | 440/4 | €44,230 | €52,862 | +€8,632 | +19.5% |
| Taxes, remuneration and social security | 45 | €154 | €345 | +€191 | +124% |
| Taxes | 450/3 | €154 | €345 | +€191 | +124% |
| Other amounts payable | 47/48 | €94,709 | €122,832 | +€28,124 | +29.7% |
| Accrued charges and deferred income | 492/3 | €4,718 | €4,718 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,167 | €56,167 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,031 | +€3,031 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €11,679 | -€11,679 | -€23,358 | |
| Other operating charges | 640/8 | €14,045 | €14,484 | +€439 | +3.1% |
| Gross operating margin | 9900 | €102,246 | €61,577 | -€40,668 | -39.8% |
| Operating profit (loss) | 9901 | €20,355 | -€425 | -€20,780 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €26,762 | €18,555 | -€8,206 | -30.7% |
| Recurring financial charges | 65 | €26,762 | €18,555 | -€8,206 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,407 | -€18,980 | -€12,574 | -196% |
| Profit (loss) for the period | 9904 | -€6,407 | -€18,980 | -€12,574 | -196% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,407 | -€18,980 | -€12,574 | -196% |
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 25 October 2026 via checked.be.