Gecotrans: what changed
Two fiscal 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.
Gecotrans
Largest movements
- Tangible fixed assets -€87,214
down €87,214 (-19.0%), from €458,309 to €371,096
of which Leasing and similar rights: -€69,273
- Cash +€22,907
up €22,907 (+41.7%), from €54,884 to €77,791
mainly Depreciation (+€90,454) and Net result for the year (+€39,178)
- Receivables within one year -€17,075
down €17,075 (-26.0%), from €65,666 to €48,591
of which Trade receivables: -€17,084
- Debts after one year -€93,887
down €93,887 (-65.1%), from €144,244 to €50,357
- Reserves +€39,178
up €39,178 (+22.9%), from €171,241 to €210,419
- Current portion of long-term debt -€27,280
down €27,280 (-17.3%), from €157,876 to €130,597
- Depreciation +€25,595
up €25,595 (+39.5%), from €64,859 to €90,454
- Gross operating margin +€17,136
up €17,136 (+11.9%), from €144,082 to €161,218
- Taxes +€5,647
up €5,647 (+48.0%), from €11,771 to €17,418
- Other operating charges -€2,242
down €2,242 (-28.5%), from €7,877 to €5,635
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 | €578,995 | €497,576 | -€81,419 | -14.1% |
| Fixed assets | 21/28 | €458,444 | €371,194 | -€87,250 | -19.0% |
| Tangible fixed assets | 22/27 | €458,309 | €371,096 | -€87,214 | -19.0% |
| Plant, machinery and equipment | 23 | €480 | - | -€480 | |
| Furniture and vehicles | 24 | €55,774 | €38,313 | -€17,460 | -31.3% |
| Leasing and similar rights | 25 | €402,055 | €332,782 | -€69,273 | -17.2% |
| Financial fixed assets | 28 | €135 | €98 | -€37 | -27.2% |
| Current assets | 29/58 | €120,550 | €126,382 | +€5,832 | +4.8% |
| Amounts receivable within one year | 40/41 | €65,666 | €48,591 | -€17,075 | -26.0% |
| Trade receivables | 40 | €60,664 | €43,580 | -€17,084 | -28.2% |
| Other amounts receivable | 41 | €5,002 | €5,011 | +€9 | +0.2% |
| Cash at bank and in hand | 54/58 | €54,884 | €77,791 | +€22,907 | +41.7% |
| Total equity and liabilities | 10/49 | €578,995 | €497,576 | -€81,419 | -14.1% |
| Equity | 10/15 | €239,552 | €278,730 | +€39,178 | +16.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €171,241 | €210,419 | +€39,178 | +22.9% |
| Distributable reserves | 133 | €171,241 | €210,419 | +€39,178 | +22.9% |
| Profit (loss) carried forward | 14 | €43,311 | €43,311 | = | 0.0% |
| Amounts payable | 17/49 | €339,443 | €218,846 | -€120,597 | -35.5% |
| Amounts payable after more than one year | 17 | €144,244 | €50,357 | -€93,887 | -65.1% |
| Financial debts | 170/4 | €144,244 | €50,357 | -€93,887 | -65.1% |
| Amounts payable within one year | 42/48 | €195,199 | €168,489 | -€26,710 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €157,876 | €130,597 | -€27,280 | -17.3% |
| Trade debts | 44 | €21,653 | €20,939 | -€714 | -3.3% |
| Suppliers | 440/4 | €21,653 | €20,939 | -€714 | -3.3% |
| Taxes, remuneration and social security | 45 | €10,308 | €12,918 | +€2,610 | +25.3% |
| Taxes | 450/3 | €10,308 | €12,918 | +€2,610 | +25.3% |
| Other amounts payable | 47/48 | €5,361 | €4,035 | -€1,327 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,859 | €90,454 | +€25,595 | +39.5% |
| Other operating charges | 640/8 | €7,877 | €5,635 | -€2,242 | -28.5% |
| Gross operating margin | 9900 | €144,082 | €161,218 | +€17,136 | +11.9% |
| Operating profit (loss) | 9901 | €71,347 | €65,130 | -€6,217 | -8.7% |
| Financial income | 75/76B | €34 | - | -€34 | |
| Recurring financial income | 75 | €34 | - | -€34 | |
| Financial charges | 65/66B | €9,763 | €8,534 | -€1,229 | -12.6% |
| Recurring financial charges | 65 | €9,763 | €8,534 | -€1,229 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €61,618 | €56,596 | -€5,022 | -8.2% |
| Income taxes | 67/77 | €11,771 | €17,418 | +€5,647 | +48.0% |
| Profit (loss) for the period | 9904 | €49,847 | €39,178 | -€10,669 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,847 | €39,178 | -€10,669 | -21.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.