GEFLAMCO: 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.
GEFLAMCO
Largest movements
- Cash +€17,123
up €17,123 (+10.4%), from €165,328 to €182,451
mainly Net result for the year (+€12,254) and Other debts (+€5,722)
- Receivables within one year -€4,484
down €4,484 (-55.9%), from €8,027 to €3,543
of which Trade receivables: -€7,565
- Profit (loss) carried forward +€12,254
up €12,254 (+38.0%), from -€32,209 to -€19,955
- Tax, wage and social debts -€6,096
no longer reported in 2025 (was €6,096)
- Other debts +€5,722
up €5,722 (+8.2%), from €69,760 to €75,481
- Gross operating margin -€18,097
down €18,097 (-45.6%), from €39,658 to €21,561
- Taxes -€5,434
down €5,434 (-54.3%), from €10,015 to €4,581
- Financial charges +€4,760
up €4,760 (+1712.5%), from €278 to €5,038
- Depreciation -€873
down €873 (-43.6%), from €2,003 to €1,130
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 | €178,973 | €190,926 | +€11,952 | +6.7% |
| Fixed assets | 21/28 | €3,226 | €3,118 | -€108 | -3.4% |
| Tangible fixed assets | 22/27 | €3,226 | €3,118 | -€108 | -3.4% |
| Plant, machinery and equipment | 23 | €185 | - | -€185 | |
| Furniture and vehicles | 24 | €3,041 | €3,118 | +€77 | +2.5% |
| Current assets | 29/58 | €175,747 | €187,808 | +€12,061 | +6.9% |
| Stocks and contracts in progress | 3 | €2,392 | €1,814 | -€578 | -24.2% |
| Stocks | 30/36 | €2,392 | €1,814 | -€578 | -24.2% |
| Amounts receivable within one year | 40/41 | €8,027 | €3,543 | -€4,484 | -55.9% |
| Trade receivables | 40 | €7,565 | - | -€7,565 | |
| Other amounts receivable | 41 | €463 | €3,543 | +€3,081 | +666.1% |
| Cash at bank and in hand | 54/58 | €165,328 | €182,451 | +€17,123 | +10.4% |
| Total equity and liabilities | 10/49 | €178,973 | €190,926 | +€11,952 | +6.7% |
| Equity | 10/15 | €103,118 | €115,372 | +€12,254 | +11.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €122,927 | €122,927 | = | 0.0% |
| Distributable reserves | 133 | €122,927 | €122,927 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,209 | -€19,955 | +€12,254 | +38.0% |
| Amounts payable | 17/49 | €75,855 | €75,554 | -€302 | -0.4% |
| Amounts payable within one year | 42/48 | €75,855 | €75,554 | -€302 | -0.4% |
| Trade debts | 44 | - | €72 | +€72 | |
| Suppliers | 440/4 | - | €72 | +€72 | |
| Taxes, remuneration and social security | 45 | €6,096 | - | -€6,096 | |
| Taxes | 450/3 | €6,096 | - | -€6,096 | |
| Other amounts payable | 47/48 | €69,760 | €75,481 | +€5,722 | +8.2% |
| Non-recurring operating income | 76A | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,003 | €1,130 | -€873 | -43.6% |
| Other operating charges | 640/8 | €291 | €230 | -€60 | -20.8% |
| Gross operating margin | 9900 | €39,658 | €21,561 | -€18,097 | -45.6% |
| Operating profit (loss) | 9901 | €37,365 | €20,201 | -€17,164 | -45.9% |
| Financial income | 75/76B | €1,522 | €1,671 | +€150 | +9.8% |
| Recurring financial income | 75 | €1,522 | €1,671 | +€150 | +9.8% |
| Financial charges | 65/66B | €278 | €5,038 | +€4,760 | +1712.5% |
| Recurring financial charges | 65 | €278 | €5,038 | +€4,760 | +1712.5% |
| Profit (loss) for the period before taxes | 9903 | €38,608 | €16,835 | -€21,773 | -56.4% |
| Income taxes | 67/77 | €10,015 | €4,581 | -€5,434 | -54.3% |
| Profit (loss) for the period | 9904 | €28,593 | €12,254 | -€16,339 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,593 | €12,254 | -€16,339 | -57.1% |
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 2 October 2026 via checked.be.