GEKKO: 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.
GEKKO
Largest movements
- Receivables after one year -€249,900
down €249,900 (-100.0%), from €249,900 to €0
- Cash +€55,971
up €55,971 (+9.7%), from €575,850 to €631,822
mainly Receivables after one year (+€249,900) and Net result for the year (+€96,043)
- Tangible fixed assets -€15,957
down €15,957 (-24.5%), from €65,184 to €49,227
of which Plant, machinery and equipment: -€9,160
- Receivables within one year +€15,588
up €15,588 (+88.1%), from €17,693 to €33,281
of which Other amounts receivable: +€19,086
- Reserves -€197,894
down €197,894 (-36.0%), from €549,196 to €351,302
of which Distributable reserves: -€197,894
- Tax, wage and social debts +€15,472
up €15,472 (+29.3%), from €52,736 to €68,208
of which Remuneration and social security: +€8,617
- Other debts -€11,956
down €11,956 (-4.7%), from €257,054 to €245,098
- Staff costs +€70,638
up €70,638 (+31.0%), from €228,180 to €298,818
- Gross operating margin +€35,847
up €35,847 (+8.3%), from €431,217 to €467,064
- Taxes -€12,282
down €12,282 (-21.9%), from €56,204 to €43,922
- Financial charges +€7,638
up €7,638 (+331.0%), from €2,308 to €9,946
- Depreciation -€6,529
down €6,529 (-24.9%), from €26,201 to €19,672
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 | €921,269 | €727,705 | -€193,564 | -21.0% |
| Fixed assets | 21/28 | €65,184 | €49,227 | -€15,957 | -24.5% |
| Tangible fixed assets | 22/27 | €65,184 | €49,227 | -€15,957 | -24.5% |
| Land and buildings | 22 | €30,749 | €25,477 | -€5,272 | -17.1% |
| Plant, machinery and equipment | 23 | €25,748 | €16,588 | -€9,160 | -35.6% |
| Furniture and vehicles | 24 | €8,687 | €7,162 | -€1,525 | -17.6% |
| Current assets | 29/58 | €856,085 | €678,478 | -€177,607 | -20.7% |
| Amounts receivable after more than one year | 29 | €249,900 | €0 | -€249,900 | -100.0% |
| Other amounts receivable | 291 | €249,900 | €0 | -€249,900 | -100.0% |
| Stocks and contracts in progress | 3 | €12,411 | €11,716 | -€695 | -5.6% |
| Stocks | 30/36 | €12,411 | €11,716 | -€695 | -5.6% |
| Amounts receivable within one year | 40/41 | €17,693 | €33,281 | +€15,588 | +88.1% |
| Trade receivables | 40 | €17,693 | €14,195 | -€3,498 | -19.8% |
| Other amounts receivable | 41 | €0 | €19,086 | +€19,086 | |
| Cash at bank and in hand | 54/58 | €575,850 | €631,822 | +€55,971 | +9.7% |
| Deferred charges and accrued income | 490/1 | €231 | €1,660 | +€1,429 | +619.4% |
| Total equity and liabilities | 10/49 | €921,269 | €727,705 | -€193,564 | -21.0% |
| Equity | 10/15 | €581,746 | €383,852 | -€197,894 | -34.0% |
| Contributions | 10/11 | €32,550 | €32,550 | = | 0.0% |
| Reserves | 13 | €549,196 | €351,302 | -€197,894 | -36.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €93 | €93 | = | 0.0% |
| Distributable reserves | 133 | €549,102 | €351,209 | -€197,894 | -36.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €339,523 | €343,853 | +€4,330 | +1.3% |
| Amounts payable within one year | 42/48 | €338,039 | €343,853 | +€5,814 | +1.7% |
| Trade debts | 44 | €28,250 | €30,547 | +€2,298 | +8.1% |
| Suppliers | 440/4 | €28,250 | €30,547 | +€2,298 | +8.1% |
| Taxes, remuneration and social security | 45 | €52,736 | €68,208 | +€15,472 | +29.3% |
| Taxes | 450/3 | €18,058 | €24,913 | +€6,855 | +38.0% |
| Remuneration and social security | 454/9 | €34,678 | €43,295 | +€8,617 | +24.8% |
| Other amounts payable | 47/48 | €257,054 | €245,098 | -€11,956 | -4.7% |
| Accrued charges and deferred income | 492/3 | €1,484 | €0 | -€1,484 | -100.0% |
| Remuneration, social security and pensions | 62 | €228,180 | €298,818 | +€70,638 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,201 | €19,672 | -€6,529 | -24.9% |
| Other operating charges | 640/8 | €5,581 | €3,917 | -€1,664 | -29.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €431,217 | €467,064 | +€35,847 | +8.3% |
| Operating profit (loss) | 9901 | €171,255 | €144,657 | -€26,598 | -15.5% |
| Financial income | 75/76B | €11,087 | €5,254 | -€5,833 | -52.6% |
| Recurring financial income | 75 | €11,087 | €5,254 | -€5,833 | -52.6% |
| Financial charges | 65/66B | €2,308 | €9,946 | +€7,638 | +331.0% |
| Recurring financial charges | 65 | €2,308 | €9,946 | +€7,638 | +331.0% |
| Profit (loss) for the period before taxes | 9903 | €180,035 | €139,966 | -€40,069 | -22.3% |
| Income taxes | 67/77 | €56,204 | €43,922 | -€12,282 | -21.9% |
| Profit (loss) for the period | 9904 | €123,831 | €96,043 | -€27,787 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €123,831 | €96,043 | -€27,787 | -22.4% |
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 7 October 2026 via checked.be.