GEECON: 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.
GEECON
Largest movements
- Current investments -€450,000
down €450,000 (-100.0%), from €450,000 to €0
- Receivables within one year +€233,651
up €233,651 (+194.7%), from €120,000 to €353,651
of which Other amounts receivable: +€233,651
- Tangible fixed assets +€96,410
up €96,410 (+50.9%), from €189,506 to €285,916
of which Furniture and vehicles: +€105,182
- Cash -€15,119
down €15,119 (-13.0%), from €116,020 to €100,901
mainly Contributions, distributions and other (-€375,382) and Receivables within one year (-€233,651)
- Reserves -€210,150
down €210,150 (-27.8%), from €756,494 to €546,344
- Other debts +€73,838
up €73,838 (+85.0%), from €86,912 to €160,749
- Gross operating margin +€45,701
up €45,701 (+22.9%), from €199,565 to €245,266
- Taxes +€12,406
up €12,406 (+20.6%), from €60,135 to €72,541
- Depreciation +€8,566
up €8,566 (+72.1%), from €11,885 to €20,450
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 | €877,475 | €741,921 | -€135,554 | -15.4% |
| Fixed assets | 21/28 | €189,846 | €285,916 | +€96,070 | +50.6% |
| Tangible fixed assets | 22/27 | €189,506 | €285,916 | +€96,410 | +50.9% |
| Land and buildings | 22 | €160,920 | €152,147 | -€8,773 | -5.5% |
| Furniture and vehicles | 24 | €1,037 | €106,220 | +€105,182 | +10139.5% |
| Other tangible fixed assets | 26 | €27,549 | €27,549 | = | 0.0% |
| Financial fixed assets | 28 | €340 | €0 | -€340 | -100.0% |
| Current assets | 29/58 | €687,629 | €456,005 | -€231,624 | -33.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €120,000 | €353,651 | +€233,651 | +194.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €120,000 | €353,651 | +€233,651 | +194.7% |
| Current investments | 50/53 | €450,000 | €0 | -€450,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €116,020 | €100,901 | -€15,119 | -13.0% |
| Deferred charges and accrued income | 490/1 | €1,609 | €1,454 | -€156 | -9.7% |
| Total equity and liabilities | 10/49 | €877,475 | €741,921 | -€135,554 | -15.4% |
| Equity | 10/15 | €768,894 | €558,744 | -€210,150 | -27.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €756,494 | €546,344 | -€210,150 | -27.8% |
| Distributable reserves | 133 | €756,494 | €546,344 | -€210,150 | -27.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €108,581 | €183,177 | +€74,596 | +68.7% |
| Amounts payable within one year | 42/48 | €107,331 | €181,927 | +€74,596 | +69.5% |
| Financial debts | 43 | €82 | €34 | -€48 | -58.9% |
| Credit institutions | 430/8 | €82 | €34 | -€48 | -58.9% |
| Trade debts | 44 | €169 | €58 | -€112 | -66.0% |
| Suppliers | 440/4 | €169 | €58 | -€112 | -66.0% |
| Taxes, remuneration and social security | 45 | €20,168 | €21,087 | +€918 | +4.6% |
| Taxes | 450/3 | €20,168 | €21,087 | +€918 | +4.6% |
| Other amounts payable | 47/48 | €86,912 | €160,749 | +€73,838 | +85.0% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Non-recurring operating income | 76A | - | €7,000 | +€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,885 | €20,450 | +€8,566 | +72.1% |
| Other operating charges | 640/8 | €2,950 | €1,606 | -€1,344 | -45.6% |
| Gross operating margin | 9900 | €199,565 | €245,266 | +€45,701 | +22.9% |
| Operating profit (loss) | 9901 | €184,730 | €223,210 | +€38,480 | +20.8% |
| Financial income | 75/76B | €13,278 | €14,698 | +€1,420 | +10.7% |
| Recurring financial income | 75 | €13,278 | €14,698 | +€1,420 | +10.7% |
| Financial charges | 65/66B | €134 | €136 | +€2 | +1.8% |
| Recurring financial charges | 65 | €134 | €136 | +€2 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €197,875 | €237,773 | +€39,898 | +20.2% |
| Income taxes | 67/77 | €60,135 | €72,541 | +€12,406 | +20.6% |
| Profit (loss) for the period | 9904 | €137,740 | €165,232 | +€27,492 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €137,740 | €165,232 | +€27,492 | +20.0% |
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 4 October 2026 via checked.be.