GeFlHo-Conseil: 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.
GeFlHo-Conseil
Largest movements
- Receivables within one year -€27,126
down €27,126 (-98.8%), from €27,464 to €338
of which Trade receivables: -€23,989
- Current investments +€14,209
up €14,209 (+67.4%), from €21,084 to €35,293
- Tangible fixed assets -€7,105
down €7,105 (-27.0%), from €26,296 to €19,191
- Profit (loss) carried forward -€10,309
down €10,309 (-24.7%), from €41,761 to €31,452
- Debts after one year -€6,784
down €6,784 (-34.0%), from €19,970 to €13,186
- Tax, wage and social debts -€1,565
no longer reported in 2025 (was €1,565)
of which Remuneration and social security: -€1,250
- Other debts -€1,007
down €1,007 (-61.6%), from €1,636 to €629
- Gross operating margin -€68,956
down €68,956, from €67,451 to -€1,505
- Taxes -€12,580
down €12,580, from €12,145 to -€435
- Staff costs -€1,676
down €1,676 (-98.9%), from €1,695 to €19
- Financial charges -€1,082
down €1,082 (-47.7%), from €2,267 to €1,185
- Other operating charges +€885
up €885 (+1,967%), from €45 to €930
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,844 | €54,822 | -€20,022 | -26.8% |
| Fixed assets | 21/28 | €26,296 | €19,191 | -€7,105 | -27.0% |
| Tangible fixed assets | 22/27 | €26,296 | €19,191 | -€7,105 | -27.0% |
| Furniture and vehicles | 24 | €26,296 | €19,191 | -€7,105 | -27.0% |
| Current assets | 29/58 | €48,548 | €35,631 | -€12,917 | -26.6% |
| Amounts receivable within one year | 40/41 | €27,464 | €338 | -€27,126 | -98.8% |
| Trade receivables | 40 | €23,989 | - | -€23,989 | |
| Other amounts receivable | 41 | €3,475 | €338 | -€3,137 | -90.3% |
| Current investments | 50/53 | €21,084 | €35,293 | +€14,209 | +67.4% |
| Total equity and liabilities | 10/49 | €74,844 | €54,822 | -€20,022 | -26.8% |
| Equity | 10/15 | €44,261 | €33,952 | -€10,309 | -23.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,761 | €31,452 | -€10,309 | -24.7% |
| Amounts payable | 17/49 | €30,583 | €20,870 | -€9,713 | -31.8% |
| Amounts payable after more than one year | 17 | €19,970 | €13,186 | -€6,784 | -34.0% |
| Financial debts | 170/4 | €19,970 | €13,186 | -€6,784 | -34.0% |
| Amounts payable within one year | 42/48 | €10,613 | €7,684 | -€2,929 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €6,510 | €6,784 | +€274 | +4.2% |
| Trade debts | 44 | €902 | €271 | -€631 | -70.0% |
| Suppliers | 440/4 | €902 | €271 | -€631 | -70.0% |
| Taxes, remuneration and social security | 45 | €1,565 | - | -€1,565 | |
| Taxes | 450/3 | €315 | - | -€315 | |
| Remuneration and social security | 454/9 | €1,250 | - | -€1,250 | |
| Other amounts payable | 47/48 | €1,636 | €629 | -€1,007 | -61.6% |
| Remuneration, social security and pensions | 62 | €1,695 | €19 | -€1,676 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,269 | €7,105 | -€164 | -2.3% |
| Other operating charges | 640/8 | €45 | €930 | +€885 | +1,967% |
| Non-recurring operating charges | 66A | €1,437 | - | -€1,437 | |
| Gross operating margin | 9900 | €67,451 | -€1,505 | -€68,956 | |
| Operating profit (loss) | 9901 | €57,005 | -€9,559 | -€66,564 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,267 | €1,185 | -€1,082 | -47.7% |
| Recurring financial charges | 65 | €2,267 | €1,185 | -€1,082 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €54,739 | -€10,744 | -€65,483 | |
| Income taxes | 67/77 | €12,145 | -€435 | -€12,580 | |
| Profit (loss) for the period | 9904 | €42,594 | -€10,309 | -€52,903 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,594 | -€10,309 | -€52,903 |
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 20 October 2026 via checked.be.