GECOTECH PARTNERS: 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 PARTNERS
Largest movements
- Tangible fixed assets -€16,016
down €16,016 (-42.7%), from €37,483 to €21,467
of which Furniture and vehicles: -€11,285
- Cash +€1,477
up €1,477 (+3.2%), from €46,648 to €48,125
mainly Depreciation (+€16,016) and Net result for the year (+€4,263)
- Receivables within one year +€1,209
up €1,209 (+8.9%), from €13,592 to €14,801
of which Other amounts receivable: +€1,880
- Reserves -€8,737
down €8,737 (-14.0%), from €62,491 to €53,754
of which Distributable reserves: -€8,737
- Other debts +€2,245
up €2,245 (+80.4%), from €2,794 to €5,039
- Tax, wage and social debts -€1,988
down €1,988 (-17.6%), from €11,325 to €9,337
- Current portion of long-term debt -€1,899
down €1,899 (-59.2%), from €3,209 to €1,310
- Debts after one year -€1,476
no longer reported in 2025 (was €1,476)
- Gross operating margin -€11,958
down €11,958 (-32.6%), from €36,698 to €24,740
- Taxes -€4,096
down €4,096 (-61.0%), from €6,716 to €2,620
- Depreciation +€2,256
up €2,256 (+16.4%), from €13,760 to €16,016
- Other operating charges +€794
up €794 (+98.4%), from €807 to €1,601
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 | €99,167 | €85,852 | -€13,315 | -13.4% |
| Fixed assets | 21/28 | €38,733 | €22,717 | -€16,016 | -41.3% |
| Tangible fixed assets | 22/27 | €37,483 | €21,467 | -€16,016 | -42.7% |
| Plant, machinery and equipment | 23 | €274 | €32 | -€242 | -88.3% |
| Furniture and vehicles | 24 | €20,390 | €9,105 | -€11,285 | -55.3% |
| Other tangible fixed assets | 26 | €16,819 | €12,330 | -€4,489 | -26.7% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €60,434 | €63,135 | +€2,701 | +4.5% |
| Amounts receivable within one year | 40/41 | €13,592 | €14,801 | +€1,209 | +8.9% |
| Trade receivables | 40 | €13,592 | €12,921 | -€671 | -4.9% |
| Other amounts receivable | 41 | - | €1,880 | +€1,880 | |
| Cash at bank and in hand | 54/58 | €46,648 | €48,125 | +€1,477 | +3.2% |
| Deferred charges and accrued income | 490/1 | €194 | €209 | +€15 | +7.7% |
| Total equity and liabilities | 10/49 | €99,167 | €85,852 | -€13,315 | -13.4% |
| Equity | 10/15 | €78,045 | €69,308 | -€8,737 | -11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,491 | €53,754 | -€8,737 | -14.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,631 | €51,894 | -€8,737 | -14.4% |
| Profit (loss) carried forward | 14 | €9,354 | €9,354 | = | 0.0% |
| Amounts payable | 17/49 | €21,122 | €16,544 | -€4,578 | -21.7% |
| Amounts payable after more than one year | 17 | €1,476 | - | -€1,476 | |
| Financial debts | 170/4 | €1,476 | - | -€1,476 | |
| Amounts payable within one year | 42/48 | €19,645 | €16,544 | -€3,101 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €3,209 | €1,310 | -€1,899 | -59.2% |
| Trade debts | 44 | €2,317 | €858 | -€1,459 | -63.0% |
| Suppliers | 440/4 | €2,317 | €858 | -€1,459 | -63.0% |
| Taxes, remuneration and social security | 45 | €11,325 | €9,337 | -€1,988 | -17.6% |
| Taxes | 450/3 | €11,325 | €9,337 | -€1,988 | -17.6% |
| Other amounts payable | 47/48 | €2,794 | €5,039 | +€2,245 | +80.4% |
| Accrued charges and deferred income | 492/3 | €1 | - | -€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,760 | €16,016 | +€2,256 | +16.4% |
| Other operating charges | 640/8 | €807 | €1,601 | +€794 | +98.4% |
| Gross operating margin | 9900 | €36,698 | €24,740 | -€11,958 | -32.6% |
| Operating profit (loss) | 9901 | €22,131 | €7,123 | -€15,008 | -67.8% |
| Financial income | 75/76B | €34 | - | -€34 | |
| Recurring financial income | 75 | €34 | - | -€34 | |
| Financial charges | 65/66B | €345 | €240 | -€105 | -30.4% |
| Recurring financial charges | 65 | €345 | €240 | -€105 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €21,820 | €6,883 | -€14,937 | -68.5% |
| Income taxes | 67/77 | €6,716 | €2,620 | -€4,096 | -61.0% |
| Profit (loss) for the period | 9904 | €15,104 | €4,263 | -€10,841 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,104 | €4,263 | -€10,841 | -71.8% |
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 22 October 2026 via checked.be.