Gedeco Engineering: 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.
Gedeco Engineering
Largest movements
- Receivables within one year +€35,376
up €35,376 (+100%), from €35,231 to €70,607
of which Trade receivables: +€39,758
- Tangible fixed assets -€14,138
down €14,138 (-16.3%), from €86,920 to €72,782
of which Other tangible fixed assets: -€13,420
- Deferred charges and accrued income -€2,280
down €2,280 (-29.1%), from €7,827 to €5,547
- Profit (loss) carried forward +€23,156
up €23,156 (+55.7%), from -€41,595 to -€18,439
- Trade debts +€14,496
new in 2025: €14,496
- Debts after one year -€13,333
down €13,333 (-20.3%), from €65,556 to €52,222
- Reserves -€10,000
down €10,000 (-12.6%), from €79,649 to €69,649
of which Distributable reserves: -€10,000
- Tax, wage and social debts +€3,720
up €3,720 (+33.0%), from €11,285 to €15,005
of which Taxes: +€4,021
- Gross operating margin +€36,041
up €36,041 (+48.8%), from €73,814 to €109,855
- Staff costs +€1,888
up €1,888 (+3.0%), from €63,832 to €65,719
- Depreciation -€1,385
down €1,385 (-7.4%), from €18,793 to €17,409
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 | €164,832 | €181,283 | +€16,451 | +10.0% |
| Fixed assets | 21/28 | €87,895 | €73,757 | -€14,138 | -16.1% |
| Tangible fixed assets | 22/27 | €86,920 | €72,782 | -€14,138 | -16.3% |
| Land and buildings | 22 | €2,213 | €1,814 | -€399 | -18.0% |
| Plant, machinery and equipment | 23 | €7,142 | €5,975 | -€1,167 | -16.3% |
| Furniture and vehicles | 24 | €400 | €1,248 | +€849 | +212% |
| Other tangible fixed assets | 26 | €77,165 | €63,745 | -€13,420 | -17.4% |
| Financial fixed assets | 28 | €975 | €975 | = | 0.0% |
| Current assets | 29/58 | €76,938 | €107,526 | +€30,588 | +39.8% |
| Stocks and contracts in progress | 3 | €5,000 | €4,000 | -€1,000 | -20.0% |
| Stocks | 30/36 | €5,000 | €4,000 | -€1,000 | -20.0% |
| Amounts receivable within one year | 40/41 | €35,231 | €70,607 | +€35,376 | +100% |
| Trade receivables | 40 | €30,849 | €70,607 | +€39,758 | +129% |
| Other amounts receivable | 41 | €4,382 | - | -€4,382 | |
| Cash at bank and in hand | 54/58 | €28,879 | €27,372 | -€1,508 | -5.2% |
| Deferred charges and accrued income | 490/1 | €7,827 | €5,547 | -€2,280 | -29.1% |
| Total equity and liabilities | 10/49 | €164,832 | €181,283 | +€16,451 | +10.0% |
| Equity | 10/15 | €56,655 | €69,810 | +€13,156 | +23.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,649 | €69,649 | -€10,000 | -12.6% |
| 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 | €77,789 | €67,789 | -€10,000 | -12.9% |
| Profit (loss) carried forward | 14 | -€41,595 | -€18,439 | +€23,156 | +55.7% |
| Amounts payable | 17/49 | €108,178 | €111,473 | +€3,295 | +3.0% |
| Amounts payable after more than one year | 17 | €65,556 | €52,222 | -€13,333 | -20.3% |
| Financial debts | 170/4 | €65,556 | €52,222 | -€13,333 | -20.3% |
| Amounts payable within one year | 42/48 | €36,746 | €55,993 | +€19,247 | +52.4% |
| Current portion of amounts payable after more than one year | 42 | €13,333 | €13,333 | = | 0.0% |
| Trade debts | 44 | - | €14,496 | +€14,496 | |
| Suppliers | 440/4 | - | €14,496 | +€14,496 | |
| Taxes, remuneration and social security | 45 | €11,285 | €15,005 | +€3,720 | +33.0% |
| Taxes | 450/3 | €8,623 | €12,644 | +€4,021 | +46.6% |
| Remuneration and social security | 454/9 | €2,662 | €2,361 | -€301 | -11.3% |
| Other amounts payable | 47/48 | €12,127 | €13,158 | +€1,031 | +8.5% |
| Accrued charges and deferred income | 492/3 | €5,876 | €3,257 | -€2,619 | -44.6% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Remuneration, social security and pensions | 62 | €63,832 | €65,719 | +€1,888 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,793 | €17,409 | -€1,385 | -7.4% |
| Other operating charges | 640/8 | €1,002 | €1,161 | +€159 | +15.9% |
| Gross operating margin | 9900 | €73,814 | €109,855 | +€36,041 | +48.8% |
| Operating profit (loss) | 9901 | -€9,813 | €25,566 | +€35,379 | |
| Financial income | 75/76B | €214 | €256 | +€42 | +19.8% |
| Recurring financial income | 75 | €214 | €256 | +€42 | +19.8% |
| Financial charges | 65/66B | €2,097 | €2,299 | +€202 | +9.6% |
| Recurring financial charges | 65 | €2,097 | €2,299 | +€202 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,696 | €23,523 | +€35,219 | |
| Income taxes | 67/77 | €684 | €367 | -€316 | -46.2% |
| Profit (loss) for the period | 9904 | -€12,380 | €23,156 | +€35,535 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,380 | €23,156 | +€35,535 |
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 15 October 2026 via checked.be.