GEFISCO: 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.
GEFISCO
Largest movements
- Receivables within one year -€7,801
down €7,801 (-43.8%), from €17,795 to €9,994
- Cash +€768
up €768 (+182.4%), from €421 to €1,189
mainly Receivables within one year (+€7,801) and Deferred charges and accrued income (+€166)
- Profit (loss) carried forward -€5,593
down €5,593 (-139.9%), from -€3,999 to -€9,592
- Tax, wage and social debts -€1,486
no longer reported in 2025 (was €1,486)
- Gross operating margin -€2,568
down €2,568 (-42.6%), from €6,032 to €3,464
- Other operating charges -€923
down €923 (-43.9%), from €2,103 to €1,180
- Financial charges -€485
down €485 (-13.3%), from €3,647 to €3,162
- Taxes +€401
up €401 (+9.3%), from €4,314 to €4,715
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 | €18,382 | €11,183 | -€7,199 | -39.2% |
| Current assets | 29/58 | €18,382 | €11,183 | -€7,199 | -39.2% |
| Amounts receivable within one year | 40/41 | €17,795 | €9,994 | -€7,801 | -43.8% |
| Trade receivables | 40 | €17,795 | €9,994 | -€7,801 | -43.8% |
| Cash at bank and in hand | 54/58 | €421 | €1,189 | +€768 | +182.4% |
| Deferred charges and accrued income | 490/1 | €166 | - | -€166 | |
| Total equity and liabilities | 10/49 | €18,382 | €11,183 | -€7,199 | -39.2% |
| Contributions | 10/11 | €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% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,999 | -€9,592 | -€5,593 | -139.9% |
| Amounts payable | 17/49 | €1,921 | €315 | -€1,606 | -83.6% |
| Amounts payable within one year | 42/48 | €1,921 | €315 | -€1,606 | -83.6% |
| Taxes, remuneration and social security | 45 | €1,486 | - | -€1,486 | |
| Taxes | 450/3 | €1,486 | - | -€1,486 | |
| Other amounts payable | 47/48 | €435 | €315 | -€120 | -27.6% |
| Other operating charges | 640/8 | €2,103 | €1,180 | -€923 | -43.9% |
| Gross operating margin | 9900 | €6,032 | €3,464 | -€2,568 | -42.6% |
| Operating profit (loss) | 9901 | €3,929 | €2,284 | -€1,645 | -41.9% |
| Financial charges | 65/66B | €3,647 | €3,162 | -€485 | -13.3% |
| Recurring financial charges | 65 | €3,647 | €3,162 | -€485 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €282 | -€878 | -€1,160 | |
| Income taxes | 67/77 | €4,314 | €4,715 | +€401 | +9.3% |
| Profit (loss) for the period | 9904 | -€4,032 | -€5,593 | -€1,561 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,032 | -€5,593 | -€1,561 | -38.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.