GEFISCO CONSULT: 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 CONSULT
Largest movements
- Cash -€15,966
down €15,966 (-52.7%), from €30,325 to €14,358
mainly Contributions, distributions and other (-€36,000) and Debts after one year (-€14,717)
- Intangible fixed assets -€7,492
down €7,492 (-53.4%), from €14,023 to €6,531
- Deferred charges and accrued income +€2,554
up €2,554 (+1944.2%), from €131 to €2,685
- Profit (loss) carried forward -€26,779
down €26,779 (-99.4%), from €26,952 to €173
- Debts after one year -€14,717
down €14,717 (-19.9%), from €73,803 to €59,086
- Other debts +€13,684
up €13,684 (+53.7%), from €25,500 to €39,184
- Tax, wage and social debts +€3,419
up €3,419 (+23.5%), from €14,540 to €17,959
of which Taxes: +€3,419
- Trade debts +€1,752
up €1,752 (+105.4%), from €1,661 to €3,413
- Gross operating margin -€21,487
down €21,487 (-41.9%), from €51,228 to €29,741
- Staff costs -€17,147
down €17,147 (-100.0%), from €17,147 to €0
- Other operating charges +€3,469
up €3,469 (+352.7%), from €984 to €4,452
- Taxes +€2,233
up €2,233 (+78.9%), from €2,831 to €5,065
- Financial charges -€629
down €629 (-16.2%), from €3,879 to €3,250
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 | €155,853 | €133,423 | -€22,430 | -14.4% |
| Fixed assets | 21/28 | €111,679 | €103,925 | -€7,753 | -6.9% |
| Intangible fixed assets | 21 | €14,023 | €6,531 | -€7,492 | -53.4% |
| Tangible fixed assets | 22/27 | €677 | €416 | -€261 | -38.5% |
| Furniture and vehicles | 24 | €677 | €416 | -€261 | -38.5% |
| Financial fixed assets | 28 | €96,978 | €96,978 | = | 0.0% |
| Current assets | 29/58 | €44,175 | €29,498 | -€14,676 | -33.2% |
| Amounts receivable within one year | 40/41 | €13,718 | €12,455 | -€1,264 | -9.2% |
| Trade receivables | 40 | €13,718 | €8,876 | -€4,842 | -35.3% |
| Other amounts receivable | 41 | - | €3,579 | +€3,579 | |
| Cash at bank and in hand | 54/58 | €30,325 | €14,358 | -€15,966 | -52.7% |
| Deferred charges and accrued income | 490/1 | €131 | €2,685 | +€2,554 | +1944.2% |
| Total equity and liabilities | 10/49 | €155,853 | €133,423 | -€22,430 | -14.4% |
| Equity | 10/15 | €29,452 | €2,673 | -€26,779 | -90.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,952 | €173 | -€26,779 | -99.4% |
| Amounts payable | 17/49 | €126,401 | €130,751 | +€4,349 | +3.4% |
| Amounts payable after more than one year | 17 | €73,803 | €59,086 | -€14,717 | -19.9% |
| Financial debts | 170/4 | €73,803 | €59,086 | -€14,717 | -19.9% |
| Amounts payable within one year | 42/48 | €52,598 | €71,665 | +€19,067 | +36.2% |
| Current portion of amounts payable after more than one year | 42 | €10,897 | €11,109 | +€212 | +1.9% |
| Trade debts | 44 | €1,661 | €3,413 | +€1,752 | +105.4% |
| Suppliers | 440/4 | €1,661 | €3,413 | +€1,752 | +105.4% |
| Taxes, remuneration and social security | 45 | €14,540 | €17,959 | +€3,419 | +23.5% |
| Taxes | 450/3 | €12,961 | €16,380 | +€3,419 | +26.4% |
| Remuneration and social security | 454/9 | €1,579 | €1,579 | = | 0.0% |
| Other amounts payable | 47/48 | €25,500 | €39,184 | +€13,684 | +53.7% |
| Remuneration, social security and pensions | 62 | €17,147 | €0 | -€17,147 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,103 | €7,753 | -€349 | -4.3% |
| Other operating charges | 640/8 | €984 | €4,452 | +€3,469 | +352.7% |
| Gross operating margin | 9900 | €51,228 | €29,741 | -€21,487 | -41.9% |
| Operating profit (loss) | 9901 | €24,995 | €17,536 | -€7,459 | -29.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,879 | €3,250 | -€629 | -16.2% |
| Recurring financial charges | 65 | €3,879 | €3,250 | -€629 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €21,116 | €14,286 | -€6,830 | -32.3% |
| Income taxes | 67/77 | €2,831 | €5,065 | +€2,233 | +78.9% |
| Profit (loss) for the period | 9904 | €18,284 | €9,221 | -€9,063 | -49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,284 | €9,221 | -€9,063 | -49.6% |
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 11 October 2026 via checked.be.