GEDESCO: 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.
GEDESCO
Largest movements
- Tangible fixed assets +€9,746
up €9,746 (+2.9%), from €332,047 to €341,793
of which Land and buildings: +€12,202
- Cash +€4,867
up €4,867 (+135.7%), from €3,587 to €8,454
mainly Other debts (+€26,953) and Depreciation (+€13,133)
- Other debts +€26,953
up €26,953 (+8.1%), from €332,849 to €359,802
- Profit (loss) carried forward -€11,778
down €11,778 (-10.9%), from -€107,838 to -€119,616
- Gross operating margin -€4,502
down €4,502 (-76.9%), from €5,858 to €1,356
- Depreciation +€466
up €466 (+3.7%), from €12,667 to €13,133
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 | €335,636 | €350,811 | +€15,175 | +4.5% |
| Fixed assets | 21/28 | €332,047 | €341,793 | +€9,746 | +2.9% |
| Tangible fixed assets | 22/27 | €332,047 | €341,793 | +€9,746 | +2.9% |
| Land and buildings | 22 | €324,028 | €336,229 | +€12,202 | +3.8% |
| Plant, machinery and equipment | 23 | €7,416 | €4,944 | -€2,472 | -33.3% |
| Furniture and vehicles | 24 | €604 | €619 | +€16 | +2.6% |
| Current assets | 29/58 | €3,589 | €9,018 | +€5,429 | +151.3% |
| Amounts receivable within one year | 40/41 | €2 | €564 | +€562 | +26013.4% |
| Other amounts receivable | 41 | €2 | €564 | +€562 | +26013.4% |
| Cash at bank and in hand | 54/58 | €3,587 | €8,454 | +€4,867 | +135.7% |
| Total equity and liabilities | 10/49 | €335,636 | €350,811 | +€15,175 | +4.5% |
| Equity | 10/15 | -€87,213 | -€98,991 | -€11,778 | -13.5% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Capital | 10 | €18,750 | €18,750 | = | 0.0% |
| Issued capital | 100 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,875 | €1,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Legal reserve | 130 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,838 | -€119,616 | -€11,778 | -10.9% |
| Amounts payable | 17/49 | €422,849 | €449,802 | +€26,953 | +6.4% |
| Amounts payable after more than one year | 17 | €90,000 | €90,000 | = | 0.0% |
| Other amounts payable | 178/9 | €90,000 | €90,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €332,849 | €359,802 | +€26,953 | +8.1% |
| Other amounts payable | 47/48 | €332,849 | €359,802 | +€26,953 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,667 | €13,133 | +€466 | +3.7% |
| Gross operating margin | 9900 | €5,858 | €1,356 | -€4,502 | -76.9% |
| Operating profit (loss) | 9901 | -€6,809 | -€11,777 | -€4,968 | -73.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,809 | -€11,777 | -€4,968 | -73.0% |
| Profit (loss) for the period | 9904 | -€6,809 | -€11,777 | -€4,968 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,809 | -€11,777 | -€4,968 | -73.0% |
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 2 October 2026 via checked.be.