GECRIMO: 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.
GECRIMO
Largest movements
- Tangible fixed assets +€955,794
up €955,794 (+9.2%), from €10.4m to €11.4m
of which Land and buildings: +€561,121
- Other debts +€1.8m
up €1.8m (+19.4%), from €9.2m to €10.9m
- Trade debts -€470,874
down €470,874 (-98.4%), from €478,340 to €7,466
- Reserves -€287,685
down €287,685 (-25.9%), from €1.1m to €824,986
of which Distributable reserves: -€287,685
- Other operating charges -€142,450
down €142,450 (-91.0%), from €156,489 to €14,039
- Financial charges +€51,341
up €51,341 (+22.3%), from €230,563 to €281,904
- Depreciation +€4,083
up €4,083 (+10.2%), from €40,169 to €44,252
- Gross operating margin -€3,674
down €3,674 (-6.9%), from €53,144 to €49,470
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 | €11,742,045 | €12,746,360 | +€1.0m | +8.6% |
| Fixed assets | 21/28 | €11,340,601 | €12,296,395 | +€955,794 | +8.4% |
| Tangible fixed assets | 22/27 | €10,419,516 | €11,375,309 | +€955,794 | +9.2% |
| Land and buildings | 22 | €8,454,683 | €9,015,804 | +€561,121 | +6.6% |
| Plant, machinery and equipment | 23 | €1,200 | €943 | -€257 | -21.4% |
| Furniture and vehicles | 24 | €0 | €0 | -€0 | -100% |
| Leasing and similar rights | 25 | €24,000 | €24,000 | = | 0.0% |
| Assets under construction and advance payments | 27 | €1,939,632 | €2,334,562 | +€394,930 | +20.4% |
| Financial fixed assets | 28 | €921,086 | €921,086 | = | 0.0% |
| Current assets | 29/58 | €401,444 | €449,965 | +€48,521 | +12.1% |
| Amounts receivable within one year | 40/41 | €371,149 | €389,283 | +€18,134 | +4.9% |
| Trade receivables | 40 | €6,000 | €0 | -€6,000 | -100% |
| Other amounts receivable | 41 | €365,149 | €389,283 | +€24,134 | +6.6% |
| Cash at bank and in hand | 54/58 | €12,551 | €42,489 | +€29,938 | +239% |
| Deferred charges and accrued income | 490/1 | €17,744 | €18,193 | +€449 | +2.5% |
| Total equity and liabilities | 10/49 | €11,742,045 | €12,746,360 | +€1.0m | +8.6% |
| Equity | 10/15 | €1,242,820 | €955,136 | -€287,685 | -23.1% |
| Contributions | 10/11 | €130,150 | €130,150 | = | 0.0% |
| Capital | 10 | €130,150 | €130,150 | = | 0.0% |
| Issued capital | 100 | €130,150 | €130,150 | = | 0.0% |
| Reserves | 13 | €1,112,670 | €824,986 | -€287,685 | -25.9% |
| Non-distributable reserves | 130/1 | €13,015 | €13,015 | = | 0.0% |
| Legal reserve | 130 | €13,015 | €13,015 | = | 0.0% |
| Distributable reserves | 133 | €1,099,655 | €811,971 | -€287,685 | -26.2% |
| Amounts payable | 17/49 | €10,499,225 | €11,791,224 | +€1.3m | +12.3% |
| Amounts payable after more than one year | 17 | €837,841 | €841,089 | +€3,247 | +0.4% |
| Financial debts | 170/4 | €680,000 | €680,000 | = | 0.0% |
| Other amounts payable | 178/9 | €157,841 | €161,089 | +€3,247 | +2.1% |
| Amounts payable within one year | 42/48 | €9,646,270 | €10,938,098 | +€1.3m | +13.4% |
| Trade debts | 44 | €478,340 | €7,466 | -€470,874 | -98.4% |
| Suppliers | 440/4 | €478,340 | €7,466 | -€470,874 | -98.4% |
| Taxes, remuneration and social security | 45 | €13,398 | €869 | -€12,530 | -93.5% |
| Taxes | 450/3 | €13,398 | €869 | -€12,530 | -93.5% |
| Other amounts payable | 47/48 | €9,154,531 | €10,929,763 | +€1.8m | +19.4% |
| Accrued charges and deferred income | 492/3 | €15,114 | €12,037 | -€3,077 | -20.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,169 | €44,252 | +€4,083 | +10.2% |
| Other operating charges | 640/8 | €156,489 | €14,039 | -€142,450 | -91.0% |
| Gross operating margin | 9900 | €53,144 | €49,470 | -€3,674 | -6.9% |
| Operating profit (loss) | 9901 | -€143,514 | -€8,821 | +€134,693 | +93.9% |
| Financial income | 75/76B | €2,830 | €3,218 | +€388 | +13.7% |
| Recurring financial income | 75 | €2,830 | €3,218 | +€388 | +13.7% |
| Financial charges | 65/66B | €230,563 | €281,904 | +€51,341 | +22.3% |
| Recurring financial charges | 65 | €230,563 | €281,904 | +€51,341 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | -€371,247 | -€287,506 | +€83,740 | +22.6% |
| Income taxes | 67/77 | €172 | €178 | +€6 | +3.5% |
| Profit (loss) for the period | 9904 | -€371,419 | -€287,685 | +€83,734 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€371,419 | -€287,685 | +€83,734 | +22.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.