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
- Cash +€66,034
up €66,034 (+83.7%), from €78,913 to €144,947
mainly Receivables within one year (+€48,781) and Depreciation (+€21,784)
- Receivables within one year -€48,781
down €48,781 (-13.2%), from €370,441 to €321,661
of which Trade receivables: -€56,466
- Tangible fixed assets -€20,284
down €20,284 (-4.9%), from €417,181 to €396,896
of which Land and buildings: -€21,284
- Tax, wage and social debts +€15,988
up €15,988 (+31.3%), from €51,014 to €67,002
- Debts after one year -€15,327
down €15,327 (-8.7%), from €176,224 to €160,897
- Gross operating margin -€44,339
down €44,339 (-57.4%), from €77,278 to €32,939
- Other operating charges -€18,689
down €18,689 (-100.0%), from €18,689 to €0
- Taxes -€12,587
down €12,587 (-88.9%), from €14,157 to €1,570
- Financial charges +€2,687
up €2,687 (+44.9%), from €5,983 to €8,670
- Financial income -€2,607
down €2,607 (-90.0%), from €2,898 to €290
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 | €894,164 | €891,133 | -€3,031 | -0.3% |
| Fixed assets | 21/28 | €417,181 | €396,896 | -€20,284 | -4.9% |
| Tangible fixed assets | 22/27 | €417,181 | €396,896 | -€20,284 | -4.9% |
| Land and buildings | 22 | €417,181 | €395,896 | -€21,284 | -5.1% |
| Plant, machinery and equipment | 23 | €0 | €1,000 | +€1,000 | |
| Current assets | 29/58 | €476,983 | €494,236 | +€17,253 | +3.6% |
| Stocks and contracts in progress | 3 | €25,000 | €25,000 | = | 0.0% |
| Stocks | 30/36 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €370,441 | €321,661 | -€48,781 | -13.2% |
| Trade receivables | 40 | €242,542 | €186,076 | -€56,466 | -23.3% |
| Other amounts receivable | 41 | €127,899 | €135,584 | +€7,685 | +6.0% |
| Current investments | 50/53 | €2,629 | €2,629 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €78,913 | €144,947 | +€66,034 | +83.7% |
| Total equity and liabilities | 10/49 | €894,164 | €891,133 | -€3,031 | -0.3% |
| Equity | 10/15 | €606,747 | €607,711 | +€964 | +0.2% |
| Contributions | 10/11 | €393,947 | €393,947 | = | 0.0% |
| Reserves | 13 | €212,801 | €213,764 | +€964 | +0.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €52,218 | €52,218 | = | 0.0% |
| Distributable reserves | 133 | €160,583 | €161,546 | +€964 | +0.6% |
| Amounts payable | 17/49 | €287,416 | €283,422 | -€3,995 | -1.4% |
| Amounts payable after more than one year | 17 | €176,224 | €160,897 | -€15,327 | -8.7% |
| Financial debts | 170/4 | €176,224 | €160,897 | -€15,327 | -8.7% |
| Amounts payable within one year | 42/48 | €111,192 | €121,500 | +€10,308 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €15,095 | €15,327 | +€233 | +1.5% |
| Trade debts | 44 | €23,734 | €17,820 | -€5,913 | -24.9% |
| Suppliers | 440/4 | €23,734 | €17,820 | -€5,913 | -24.9% |
| Advances received on contracts in progress | 46 | €21,350 | €21,350 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €51,014 | €67,002 | +€15,988 | +31.3% |
| Taxes | 450/3 | €51,014 | €67,002 | +€15,988 | +31.3% |
| Accrued charges and deferred income | 492/3 | - | €1,025 | +€1,025 | |
| Remuneration, social security and pensions | 62 | €0 | €241 | +€241 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,326 | €21,784 | +€458 | +2.1% |
| Other operating charges | 640/8 | €18,689 | €0 | -€18,689 | -100.0% |
| Gross operating margin | 9900 | €77,278 | €32,939 | -€44,339 | -57.4% |
| Operating profit (loss) | 9901 | €37,263 | €10,914 | -€26,349 | -70.7% |
| Financial income | 75/76B | €2,898 | €290 | -€2,607 | -90.0% |
| Recurring financial income | 75 | €2,898 | €290 | -€2,607 | -90.0% |
| Financial charges | 65/66B | €5,983 | €8,670 | +€2,687 | +44.9% |
| Recurring financial charges | 65 | €5,983 | €8,670 | +€2,687 | +44.9% |
| Profit (loss) for the period before taxes | 9903 | €34,177 | €2,534 | -€31,644 | -92.6% |
| Income taxes | 67/77 | €14,157 | €1,570 | -€12,587 | -88.9% |
| Profit (loss) for the period | 9904 | €20,020 | €964 | -€19,056 | -95.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,020 | €964 | -€19,056 | -95.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.