GECOTRA: 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.
GECOTRA
Largest movements
- Tangible fixed assets -€5,759
down €5,759 (-81.7%), from €7,049 to €1,290
of which Furniture and vehicles: -€5,086
- Receivables within one year +€5,015
up €5,015 (+10.6%), from €47,453 to €52,468
of which Trade receivables: +€10,008
- Deferred charges and accrued income -€695
down €695 (-71.8%), from €968 to €273
- Trade debts +€10,573
up €10,573 (+247.8%), from €4,266 to €14,839
- Other debts -€8,572
down €8,572 (-21.1%), from €40,691 to €32,119
- Current portion of long-term debt -€5,685
down €5,685 (-91.6%), from €6,207 to €522
- Short-term financial debts +€1,128
up €1,128 (+5.1%), from €22,260 to €23,388
- Tax, wage and social debts +€1,019
up €1,019 (+62.7%), from €1,626 to €2,646
of which Taxes: +€1,019
- Gross operating margin -€35,905
down €35,905 (-76.4%), from €47,011 to €11,106
- Staff costs -€18,644
down €18,644 (-94.4%), from €19,743 to €1,098
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.
Cash bridge derived
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 | €59,396 | €58,002 | -€1,394 | -2.3% |
| Fixed assets | 21/28 | €7,049 | €1,290 | -€5,759 | -81.7% |
| Tangible fixed assets | 22/27 | €7,049 | €1,290 | -€5,759 | -81.7% |
| Plant, machinery and equipment | 23 | €800 | €127 | -€673 | -84.1% |
| Furniture and vehicles | 24 | €5,386 | €300 | -€5,086 | -94.4% |
| Other tangible fixed assets | 26 | €863 | €863 | = | 0.0% |
| Current assets | 29/58 | €52,347 | €56,712 | +€4,365 | +8.3% |
| Stocks and contracts in progress | 3 | €2,450 | €2,450 | = | 0.0% |
| Stocks | 30/36 | €2,450 | €2,450 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,453 | €52,468 | +€5,015 | +10.6% |
| Trade receivables | 40 | €35,203 | €45,211 | +€10,008 | +28.4% |
| Other amounts receivable | 41 | €12,250 | €7,257 | -€4,993 | -40.8% |
| Cash at bank and in hand | 54/58 | €1,475 | €1,521 | +€46 | +3.1% |
| Deferred charges and accrued income | 490/1 | €968 | €273 | -€695 | -71.8% |
| Total equity and liabilities | 10/49 | €59,396 | €58,002 | -€1,394 | -2.3% |
| Equity | 10/15 | -€64,419 | -€63,529 | +€889 | +1.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €9,560 | €9,560 | = | 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% |
| Distributable reserves | 133 | €7,700 | €7,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,979 | -€83,089 | +€889 | +1.1% |
| Amounts payable | 17/49 | €123,814 | €121,531 | -€2,283 | -1.8% |
| Amounts payable after more than one year | 17 | €48,764 | €48,017 | -€747 | -1.5% |
| Financial debts | 170/4 | €522 | €0 | -€522 | -100.0% |
| Other amounts payable | 178/9 | €48,242 | €48,017 | -€225 | -0.5% |
| Amounts payable within one year | 42/48 | €75,050 | €73,514 | -€1,536 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €6,207 | €522 | -€5,685 | -91.6% |
| Financial debts | 43 | €22,260 | €23,388 | +€1,128 | +5.1% |
| Credit institutions | 430/8 | €22,260 | €23,388 | +€1,128 | +5.1% |
| Trade debts | 44 | €4,266 | €14,839 | +€10,573 | +247.8% |
| Suppliers | 440/4 | €4,266 | €14,839 | +€10,573 | +247.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,626 | €2,646 | +€1,019 | +62.7% |
| Taxes | 450/3 | €1,626 | €2,646 | +€1,019 | +62.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €40,691 | €32,119 | -€8,572 | -21.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €3,719 | €0 | -€3,719 | -100.0% |
| Remuneration, social security and pensions | 62 | €19,743 | €1,098 | -€18,644 | -94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,220 | €5,759 | -€461 | -7.4% |
| Other operating charges | 640/8 | €1,231 | €1,125 | -€105 | -8.6% |
| Gross operating margin | 9900 | €47,011 | €11,106 | -€35,905 | -76.4% |
| Operating profit (loss) | 9901 | €19,818 | €3,123 | -€16,695 | -84.2% |
| Financial income | 75/76B | €60 | €45 | -€15 | -25.4% |
| Recurring financial income | 75 | €60 | €45 | -€15 | -25.4% |
| Financial charges | 65/66B | €2,482 | €2,275 | -€207 | -8.3% |
| Recurring financial charges | 65 | €2,482 | €2,275 | -€207 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €17,396 | €893 | -€16,503 | -94.9% |
| Income taxes | 67/77 | €4 | €3 | -€1 | -18.0% |
| Profit (loss) for the period | 9904 | €17,391 | €889 | -€16,502 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,391 | €889 | -€16,502 | -94.9% |
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 10 October 2026 via checked.be.