GeDiMaCon: 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.
GeDiMaCon
Largest movements
- Tangible fixed assets +€900,281
up €900,281 (+122%), from €740,573 to €1.6m
of which Land and buildings: +€902,053
- Cash -€299,568
down €299,568 (-89.6%), from €334,177 to €34,608
mainly Investment in fixed assets (net) (-€932,115) and Net result for the year (-€37,488)
- Debts after one year +€590,000
new in 2025: €590,000
- Profit (loss) carried forward -€37,488
down €37,488 (-78.4%), from -€47,822 to -€85,310
- Tax, wage and social debts +€25,066
up €25,066 (+1,839%), from €1,363 to €26,429
- Trade debts +€21,289
up €21,289 (+4,493%), from €474 to €21,763
- Depreciation +€20,823
up €20,823 (+189%), from €11,011 to €31,833
- Gross operating margin +€9,823
up €9,823 (+70.7%), from -€13,892 to -€4,070
- Financial income +€709
up €709, from €0 to €709
- Other operating charges -€373
down €373 (-16.5%), from €2,257 to €1,884
- Financial charges +€323
up €323 (+370%), from €87 to €411
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 | €1,082,184 | €1,677,420 | +€595,237 | +55.0% |
| Fixed assets | 21/28 | €740,573 | €1,640,854 | +€900,281 | +122% |
| Tangible fixed assets | 22/27 | €740,573 | €1,640,854 | +€900,281 | +122% |
| Land and buildings | 22 | €732,762 | €1,634,815 | +€902,053 | +123% |
| Plant, machinery and equipment | 23 | €3,835 | €3,366 | -€468 | -12.2% |
| Furniture and vehicles | 24 | €3,976 | €2,673 | -€1,303 | -32.8% |
| Current assets | 29/58 | €341,611 | €36,566 | -€305,045 | -89.3% |
| Amounts receivable within one year | 40/41 | €5,515 | €9 | -€5,507 | -99.8% |
| Other amounts receivable | 41 | €5,515 | €9 | -€5,507 | -99.8% |
| Cash at bank and in hand | 54/58 | €334,177 | €34,608 | -€299,568 | -89.6% |
| Deferred charges and accrued income | 490/1 | €1,918 | €1,949 | +€30 | +1.6% |
| Total equity and liabilities | 10/49 | €1,082,184 | €1,677,420 | +€595,237 | +55.0% |
| Equity | 10/15 | €635,723 | €598,235 | -€37,488 | -5.9% |
| Contributions | 10/11 | €677,000 | €677,000 | = | 0.0% |
| Capital | 10 | €677,000 | €677,000 | = | 0.0% |
| Issued capital | 100 | €677,000 | €677,000 | = | 0.0% |
| Reserves | 13 | €6,546 | €6,546 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €346 | €346 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,822 | -€85,310 | -€37,488 | -78.4% |
| Amounts payable | 17/49 | €446,460 | €1,079,185 | +€632,725 | +142% |
| Amounts payable after more than one year | 17 | - | €590,000 | +€590,000 | |
| Other amounts payable | 178/9 | - | €590,000 | +€590,000 | |
| Amounts payable within one year | 42/48 | €446,460 | €489,185 | +€42,725 | +9.6% |
| Trade debts | 44 | €474 | €21,763 | +€21,289 | +4,493% |
| Suppliers | 440/4 | €474 | €21,763 | +€21,289 | +4,493% |
| Taxes, remuneration and social security | 45 | €1,363 | €26,429 | +€25,066 | +1,839% |
| Taxes | 450/3 | €1,363 | €26,429 | +€25,066 | +1,839% |
| Other amounts payable | 47/48 | €444,624 | €440,994 | -€3,630 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,011 | €31,833 | +€20,823 | +189% |
| Other operating charges | 640/8 | €2,257 | €1,884 | -€373 | -16.5% |
| Gross operating margin | 9900 | -€13,892 | -€4,070 | +€9,823 | +70.7% |
| Operating profit (loss) | 9901 | -€27,160 | -€37,787 | -€10,627 | -39.1% |
| Financial income | 75/76B | €0 | €709 | +€709 | |
| Recurring financial income | 75 | €0 | €709 | +€709 | |
| Financial charges | 65/66B | €87 | €411 | +€323 | +370% |
| Recurring financial charges | 65 | €87 | €411 | +€323 | +370% |
| Profit (loss) for the period before taxes | 9903 | -€27,247 | -€37,488 | -€10,241 | -37.6% |
| Profit (loss) for the period | 9904 | -€27,247 | -€37,488 | -€10,241 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,247 | -€37,488 | -€10,241 | -37.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.