GEFISC: 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.
GEFISC
Largest movements
- Receivables within one year -€46,696
down €46,696 (-77.5%), from €60,256 to €13,560
of which Other amounts receivable: -€37,896
- Tangible fixed assets -€9,096
down €9,096 (-37.0%), from €24,554 to €15,458
- Receivables after one year -€1,488
no longer reported in 2024 (was €1,488)
- Profit (loss) carried forward -€60,485
down €60,485 (-69.2%), from €87,363 to €26,877
- Other debts +€5,016
new in 2024: €5,016
- Tax, wage and social debts -€1,814
down €1,814 (-50.7%), from €3,575 to €1,761
of which Remuneration and social security: -€2,178
- Turnover -€43,094
no longer reported in 2024 (was €43,094)
- Purchases and services -€37,043
no longer reported in 2024 (was €37,043)
- Financial charges +€27,855
up €27,855 (+1840.8%), from €1,513 to €29,368
- Gross operating margin -€20,923
down €20,923, from €20,743 to -€179
- Staff costs +€2,281
up €2,281 (+12.4%), from €18,329 to €20,611
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,485 | €56,417 | -€58,068 | -50.7% |
| Fixed assets | 21/28 | €24,554 | €15,458 | -€9,096 | -37.0% |
| Tangible fixed assets | 22/27 | €24,554 | €15,458 | -€9,096 | -37.0% |
| Furniture and vehicles | 24 | €24,554 | €15,458 | -€9,096 | -37.0% |
| Current assets | 29/58 | €89,931 | €40,959 | -€48,972 | -54.5% |
| Amounts receivable after more than one year | 29 | €1,488 | - | -€1,488 | |
| Other amounts receivable | 291 | €1,488 | - | -€1,488 | |
| Amounts receivable within one year | 40/41 | €60,256 | €13,560 | -€46,696 | -77.5% |
| Trade receivables | 40 | €22,359 | €13,560 | -€8,799 | -39.4% |
| Other amounts receivable | 41 | €37,896 | - | -€37,896 | |
| Cash at bank and in hand | 54/58 | €27,083 | €27,399 | +€316 | +1.2% |
| Deferred charges and accrued income | 490/1 | €1,104 | - | -€1,104 | |
| Total equity and liabilities | 10/49 | €114,485 | €56,417 | -€58,068 | -50.7% |
| Equity | 10/15 | €107,823 | €47,337 | -€60,485 | -56.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,363 | €26,877 | -€60,485 | -69.2% |
| Amounts payable | 17/49 | €6,662 | €9,080 | +€2,417 | +36.3% |
| Amounts payable within one year | 42/48 | €4,701 | €7,239 | +€2,537 | +54.0% |
| Current portion of amounts payable after more than one year | 42 | €988 | - | -€988 | |
| Trade debts | 44 | €138 | €462 | +€324 | +234.4% |
| Suppliers | 440/4 | €138 | €462 | +€324 | +234.4% |
| Taxes, remuneration and social security | 45 | €3,575 | €1,761 | -€1,814 | -50.7% |
| Taxes | 450/3 | €131 | €495 | +€363 | +276.6% |
| Remuneration and social security | 454/9 | €3,444 | €1,267 | -€2,178 | -63.2% |
| Other amounts payable | 47/48 | - | €5,016 | +€5,016 | |
| Accrued charges and deferred income | 492/3 | €1,961 | €1,841 | -€120 | -6.1% |
| Turnover | 70 | €43,094 | - | -€43,094 | |
| Non-recurring operating income | 76A | €14,692 | €57 | -€14,635 | -99.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €37,043 | - | -€37,043 | |
| Remuneration, social security and pensions | 62 | €18,329 | €20,611 | +€2,281 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,096 | €9,096 | = | 0.0% |
| Other operating charges | 640/8 | €1,785 | €993 | -€793 | -44.4% |
| Non-recurring operating charges | 66A | - | €407 | +€407 | |
| Gross operating margin | 9900 | €20,743 | -€179 | -€20,923 | |
| Operating profit (loss) | 9901 | -€8,468 | -€31,285 | -€22,818 | -269.5% |
| Financial income | 75/76B | €198 | €405 | +€206 | +104.0% |
| Recurring financial income | 75 | €198 | €405 | +€206 | +104.0% |
| Financial charges | 65/66B | €1,513 | €29,368 | +€27,855 | +1840.8% |
| Recurring financial charges | 65 | €1,513 | €29,368 | +€27,855 | +1840.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,783 | -€60,249 | -€50,466 | -515.9% |
| Income taxes | 67/77 | €143 | €444 | +€301 | +210.6% |
| Profit (loss) for the period | 9904 | -€9,926 | -€60,693 | -€50,767 | -511.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,926 | -€60,693 | -€50,767 | -511.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.