GEFICO: 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.
GEFICO
Largest movements
- Tangible fixed assets -€21,608
down €21,608 (-19.0%), from €113,490 to €91,882
- Cash -€1,867
down €1,867 (-14.4%), from €12,956 to €11,089
mainly Net result for the year (-€23,811) and Trade debts (-€535)
- Profit (loss) carried forward -€23,811
down €23,811 (-18.3%), from -€130,425 to -€154,236
- Gross operating margin -€4,513
down €4,513, from €4,388 to -€125
- Other operating charges +€61
up €61 (+3.1%), from €1,993 to €2,054
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 | €133,254 | €108,922 | -€24,332 | -18.3% |
| Fixed assets | 21/28 | €113,685 | €92,077 | -€21,608 | -19.0% |
| Tangible fixed assets | 22/27 | €113,490 | €91,882 | -€21,608 | -19.0% |
| Land and buildings | 22 | €113,490 | €91,882 | -€21,608 | -19.0% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €19,569 | €16,845 | -€2,724 | -13.9% |
| Amounts receivable within one year | 40/41 | €4,175 | €3,223 | -€952 | -22.8% |
| Trade receivables | 40 | €4,175 | €3,223 | -€952 | -22.8% |
| Cash at bank and in hand | 54/58 | €12,956 | €11,089 | -€1,867 | -14.4% |
| Deferred charges and accrued income | 490/1 | €2,438 | €2,533 | +€95 | +3.9% |
| Total equity and liabilities | 10/49 | €133,254 | €108,922 | -€24,332 | -18.3% |
| Equity | 10/15 | -€99,190 | -€123,001 | -€23,811 | -24.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €248 | €248 | = | 0.0% |
| Distributable reserves | 133 | €248 | €248 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,425 | -€154,236 | -€23,811 | -18.3% |
| Amounts payable | 17/49 | €232,444 | €231,923 | -€521 | -0.2% |
| Amounts payable within one year | 42/48 | €232,444 | €231,923 | -€521 | -0.2% |
| Trade debts | 44 | €535 | - | -€535 | |
| Suppliers | 440/4 | €535 | - | -€535 | |
| Taxes, remuneration and social security | 45 | €248 | €262 | +€14 | +5.6% |
| Taxes | 450/3 | €248 | €262 | +€14 | +5.6% |
| Other amounts payable | 47/48 | €231,661 | €231,661 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,609 | €21,608 | -€1 | 0.0% |
| Other operating charges | 640/8 | €1,993 | €2,054 | +€61 | +3.1% |
| Gross operating margin | 9900 | €4,388 | -€125 | -€4,513 | |
| Operating profit (loss) | 9901 | -€19,214 | -€23,787 | -€4,573 | -23.8% |
| Financial charges | 65/66B | €24 | €24 | = | 0.0% |
| Recurring financial charges | 65 | €24 | €24 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,238 | -€23,811 | -€4,573 | -23.8% |
| Profit (loss) for the period | 9904 | -€19,238 | -€23,811 | -€4,573 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,238 | -€23,811 | -€4,573 | -23.8% |
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 14 October 2026 via checked.be.