Gecotech: 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.
Gecotech
Largest movements
- Current investments +€353,333
up €353,333 (+141%), from €250,000 to €603,333
- Deferred charges and accrued income -€291,931
down €291,931 (-98.8%), from €295,566 to €3,635
- Cash -€244,168
down €244,168 (-13.9%), from €1.8m to €1.5m
mainly Current investments (-€353,333) and Contributions, distributions and other (-€180,000)
- Tax, wage and social debts -€139,299
down €139,299 (-86.4%), from €161,227 to €21,928
- Reserves -€85,552
down €85,552 (-3.9%), from €2.2m to €2.1m
of which Distributable reserves: -€85,552
- Other debts +€47,366
up €47,366 (+594%), from €7,973 to €55,339
- Financial income -€2.6m
down €2.6m (-98.0%), from €2.6m to €53,734
of which Non-recurring financial income: -€2.6m
- Taxes -€119,934
down €119,934 (-75.8%), from €158,175 to €38,241
- Gross operating margin +€82,894
up €82,894 (+493%), from €16,803 to €99,698
- Depreciation +€1,236
up €1,236 (+6.8%), from €18,214 to €19,451
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 | €2,391,890 | €2,209,978 | -€181,912 | -7.6% |
| Fixed assets | 21/28 | €78,274 | €60,470 | -€17,805 | -22.7% |
| Tangible fixed assets | 22/27 | €78,274 | €60,470 | -€17,805 | -22.7% |
| Furniture and vehicles | 24 | €78,274 | €60,470 | -€17,805 | -22.7% |
| Current assets | 29/58 | €2,313,616 | €2,149,509 | -€164,107 | -7.1% |
| Amounts receivable within one year | 40/41 | €6,791 | €25,449 | +€18,659 | +275% |
| Trade receivables | 40 | €991 | €13,449 | +€12,459 | +1,258% |
| Other amounts receivable | 41 | €5,800 | €12,000 | +€6,200 | +107% |
| Current investments | 50/53 | €250,000 | €603,333 | +€353,333 | +141% |
| Cash at bank and in hand | 54/58 | €1,761,259 | €1,517,091 | -€244,168 | -13.9% |
| Deferred charges and accrued income | 490/1 | €295,566 | €3,635 | -€291,931 | -98.8% |
| Total equity and liabilities | 10/49 | €2,391,890 | €2,209,978 | -€181,912 | -7.6% |
| Equity | 10/15 | €2,217,025 | €2,131,473 | -€85,552 | -3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,198,425 | €2,112,873 | -€85,552 | -3.9% |
| Tax-exempt reserves | 132 | €188 | €188 | = | 0.0% |
| Distributable reserves | 133 | €2,198,237 | €2,112,685 | -€85,552 | -3.9% |
| Amounts payable | 17/49 | €174,866 | €78,506 | -€96,360 | -55.1% |
| Amounts payable within one year | 42/48 | €174,866 | €78,506 | -€96,360 | -55.1% |
| Trade debts | 44 | €5,666 | €1,239 | -€4,427 | -78.1% |
| Suppliers | 440/4 | €5,666 | €1,239 | -€4,427 | -78.1% |
| Taxes, remuneration and social security | 45 | €161,227 | €21,928 | -€139,299 | -86.4% |
| Taxes | 450/3 | €161,227 | €21,928 | -€139,299 | -86.4% |
| Other amounts payable | 47/48 | €7,973 | €55,339 | +€47,366 | +594% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,214 | €19,451 | +€1,236 | +6.8% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Non-recurring operating charges | 66A | - | €270 | +€270 | |
| Gross operating margin | 9900 | €16,803 | €99,698 | +€82,894 | +493% |
| Operating profit (loss) | 9901 | -€2,371 | €79,009 | +€81,380 | |
| Financial income | 75/76B | €2,648,335 | €53,734 | -€2.6m | -98.0% |
| Recurring financial income | 75 | €45,761 | €53,734 | +€7,973 | +17.4% |
| Non-recurring financial income | 76B | €2,602,573 | - | -€2.6m | |
| Financial charges | 65/66B | €850 | €54 | -€796 | -93.6% |
| Recurring financial charges | 65 | €850 | €54 | -€796 | -93.6% |
| Profit (loss) for the period before taxes | 9903 | €2,645,113 | €132,690 | -€2.5m | -95.0% |
| Income taxes | 67/77 | €158,175 | €38,241 | -€119,934 | -75.8% |
| Profit (loss) for the period | 9904 | €2,486,938 | €94,448 | -€2.4m | -96.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,486,938 | €94,448 | -€2.4m | -96.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.