GEGOLAC: 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.
What changed
GEGOLAC
NACE 25.402, Manufacture of fabricated metal products, except machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€281,045
2024 · -€491,796+€210,751
Equity
€657,241
2024 · €938,286-€281,045
Cash
€147,611
2024 · €73,368+€74,243
Balance sheet total
€7.3m
2024 · €7.9m-€628,628
Largest movements
Assets
- Tangible fixed assets -€606,593
down €606,593 (-9.1%), from €6.7m to €6.1m
Equity and liabilities
- Debts after one year -€788,102
down €788,102 (-15.0%), from €5.3m to €4.5m
of which Financial debts: -€787,286
- Profit (loss) carried forward -€271,265
down €271,265 (-32.9%), from €825,743 to €554,479
- Short-term financial debts +€253,235
up €253,235 (+692%), from €36,573 to €289,807
- Trade debts +€93,511
up €93,511 (+12.0%), from €780,741 to €874,251
- Tax, wage and social debts +€89,094
up €89,094 (+20.7%), from €430,198 to €519,291
of which Remuneration and social security: +€70,060
Income statement
- Gross operating margin +€181,278
up €181,278 (+12.0%), from €1.5m to €1.7m
- Staff costs -€116,466
down €116,466 (-10.9%), from €1.1m to €948,426
- Financial charges +€72,353
up €72,353 (+26.0%), from €278,019 to €350,373
- Other operating charges +€26,054
up €26,054 (+172%), from €15,164 to €41,218
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.
Result 2024
-€491,796
Gross operating margin
+€181,278
Staff costs
+€116,466
Depreciation
+€10,067
Other operating charges
-€26,054
Other operating items
+€9,857
Financial income
-€9,090
Financial charges
-€72,353
Taxes
+€580
Result 2025
-€281,045
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€652,436
Investment
-€14,355
Financing
-€563,837
Cash 2024
€73,368
From operations (derived)
+€652,436
Net result for the year
-€281,045
Depreciation
+€632,307
Stocks and contracts
+€44,754
Receivables within one year
+€68,494
Deferred charges and accrued income
-€28,329
Trade debts
+€93,511
Tax, wage and social debts
+€89,094
Other debts
+€24,900
Accrued charges and deferred income
+€8,751
Investment (derived)
-€14,355
Investment in fixed assets (net)
-€14,355
Financing
-€563,837
Debts after one year
-€788,102
Current portion of long-term debt
-€28,970
Short-term financial debts
+€253,235
Cash 2025
€147,611
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,892,848 | €7,264,220 | -€628,628 | -8.0% |
| Formation expenses | 20 | €46,473 | €44,896 | -€1,577 | -3.4% |
| Fixed assets | 21/28 | €6,730,861 | €6,114,486 | -€616,374 | -9.2% |
| Intangible fixed assets | 21 | €29,343 | €19,562 | -€9,781 | -33.3% |
| Tangible fixed assets | 22/27 | €6,701,468 | €6,094,875 | -€606,593 | -9.1% |
| Land and buildings | 22 | €4,725,738 | €4,439,515 | -€286,222 | -6.1% |
| Plant, machinery and equipment | 23 | €349,477 | €272,878 | -€76,599 | -21.9% |
| Furniture and vehicles | 24 | €7,737 | €2,570 | -€5,167 | -66.8% |
| Leasing and similar rights | 25 | €1,397,485 | €1,217,573 | -€179,912 | -12.9% |
| Other tangible fixed assets | 26 | €221,031 | €162,338 | -€58,693 | -26.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,115,515 | €1,104,838 | -€10,677 | -1.0% |
| Stocks and contracts in progress | 3 | €497,495 | €452,741 | -€44,754 | -9.0% |
| Stocks | 30/36 | €497,495 | €452,741 | -€44,754 | -9.0% |
| Amounts receivable within one year | 40/41 | €525,696 | €457,202 | -€68,494 | -13.0% |
| Trade receivables | 40 | €426,089 | €456,193 | +€30,105 | +7.1% |
| Other amounts receivable | 41 | €99,608 | €1,008 | -€98,599 | -99.0% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €73,368 | €147,611 | +€74,243 | +101% |
| Deferred charges and accrued income | 490/1 | €8,956 | €37,284 | +€28,329 | +316% |
| Total equity and liabilities | 10/49 | €7,892,848 | €7,264,220 | -€628,628 | -8.0% |
| Equity | 10/15 | €938,286 | €657,241 | -€281,045 | -30.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €50,543 | €40,762 | -€9,781 | -19.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,343 | €34,562 | -€9,781 | -22.1% |
| Profit (loss) carried forward | 14 | €825,743 | €554,479 | -€271,265 | -32.9% |
| Amounts payable | 17/49 | €6,954,562 | €6,606,980 | -€347,583 | -5.0% |
| Amounts payable after more than one year | 17 | €5,269,048 | €4,480,946 | -€788,102 | -15.0% |
| Financial debts | 170/4 | €5,268,232 | €4,480,946 | -€787,286 | -14.9% |
| Other amounts payable | 178/9 | €816 | - | -€816 | |
| Amounts payable within one year | 42/48 | €1,685,514 | €2,117,283 | +€431,769 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €412,800 | €383,830 | -€28,970 | -7.0% |
| Financial debts | 43 | €36,573 | €289,807 | +€253,235 | +692% |
| Credit institutions | 430/8 | €36,573 | €289,807 | +€253,235 | +692% |
| Trade debts | 44 | €780,741 | €874,251 | +€93,511 | +12.0% |
| Suppliers | 440/4 | €780,741 | €874,251 | +€93,511 | +12.0% |
| Taxes, remuneration and social security | 45 | €430,198 | €519,291 | +€89,094 | +20.7% |
| Taxes | 450/3 | €241,118 | €260,151 | +€19,033 | +7.9% |
| Remuneration and social security | 454/9 | €189,080 | €259,140 | +€70,060 | +37.1% |
| Other amounts payable | 47/48 | €25,203 | €50,103 | +€24,900 | +98.8% |
| Accrued charges and deferred income | 492/3 | - | €8,751 | +€8,751 | |
| Remuneration, social security and pensions | 62 | €1,064,893 | €948,426 | -€116,466 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €642,373 | €632,307 | -€10,067 | -1.6% |
| Other operating charges | 640/8 | €15,164 | €41,218 | +€26,054 | +172% |
| Non-recurring operating charges | 66A | €9,857 | - | -€9,857 | |
| Gross operating margin | 9900 | €1,508,194 | €1,689,472 | +€181,278 | +12.0% |
| Operating profit (loss) | 9901 | -€224,093 | €67,521 | +€291,615 | |
| Financial income | 75/76B | €11,649 | €2,559 | -€9,090 | -78.0% |
| Recurring financial income | 75 | €11,649 | €2,559 | -€9,090 | -78.0% |
| Financial charges | 65/66B | €278,019 | €350,373 | +€72,353 | +26.0% |
| Recurring financial charges | 65 | €278,019 | €350,373 | +€72,353 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | -€490,463 | -€280,292 | +€210,171 | +42.9% |
| Income taxes | 67/77 | €1,333 | €754 | -€580 | -43.5% |
| Profit (loss) for the period | 9904 | -€491,796 | -€281,045 | +€210,751 | +42.9% |
| Transfer from tax-exempt reserves | 789 | €9,781 | €9,781 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€482,015 | -€271,265 | +€210,751 | +43.7% |
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 15 October 2026 via checked.be.