GEKO: 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.
GEKO
Largest movements
- Cash +€9,069
up €9,069 (+74.9%), from €12,106 to €21,175
mainly Trade debts (+€6,508) and Net result for the year (+€5,240)
- Tangible fixed assets -€952
down €952 (-1.7%), from €55,920 to €54,968
of which Land and buildings: -€854
- Trade debts +€6,508
up €6,508 (+265.0%), from €2,456 to €8,963
- Reserves +€5,240
up €5,240 (+9.7%), from €54,234 to €59,474
of which Distributable reserves: +€5,240
- Tax, wage and social debts -€3,554
down €3,554 (-62.5%), from €5,690 to €2,136
- Gross operating margin -€4,448
down €4,448 (-26.9%), from €16,524 to €12,076
- Other operating charges -€2,194
down €2,194 (-39.4%), from €5,563 to €3,369
- Financial charges -€588
down €588 (-49.2%), from €1,196 to €608
- Taxes -€494
down €494 (-20.6%), from €2,401 to €1,907
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 | €69,841 | €78,035 | +€8,193 | +11.7% |
| Fixed assets | 21/28 | €55,920 | €54,968 | -€952 | -1.7% |
| Tangible fixed assets | 22/27 | €55,920 | €54,968 | -€952 | -1.7% |
| Land and buildings | 22 | €55,626 | €54,772 | -€854 | -1.5% |
| Plant, machinery and equipment | 23 | €294 | €196 | -€98 | -33.3% |
| Current assets | 29/58 | €13,921 | €23,067 | +€9,146 | +65.7% |
| Amounts receivable within one year | 40/41 | €1,815 | €1,892 | +€77 | +4.2% |
| Trade receivables | 40 | €1,815 | €1,892 | +€77 | +4.2% |
| Cash at bank and in hand | 54/58 | €12,106 | €21,175 | +€9,069 | +74.9% |
| Total equity and liabilities | 10/49 | €69,841 | €78,035 | +€8,193 | +11.7% |
| Equity | 10/15 | €60,481 | €65,721 | +€5,240 | +8.7% |
| Contributions | 10/11 | €6,247 | €6,247 | = | 0.0% |
| Reserves | 13 | €54,234 | €59,474 | +€5,240 | +9.7% |
| Non-distributable reserves | 130/1 | €625 | €625 | = | 0.0% |
| Reserves not available under the articles | 1311 | €625 | €625 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,591 | €8,591 | = | 0.0% |
| Distributable reserves | 133 | €45,018 | €50,258 | +€5,240 | +11.6% |
| Amounts payable | 17/49 | €9,360 | €12,314 | +€2,954 | +31.6% |
| Amounts payable within one year | 42/48 | €9,360 | €12,314 | +€2,954 | +31.6% |
| Trade debts | 44 | €2,456 | €8,963 | +€6,508 | +265.0% |
| Suppliers | 440/4 | €2,456 | €8,963 | +€6,508 | +265.0% |
| Taxes, remuneration and social security | 45 | €5,690 | €2,136 | -€3,554 | -62.5% |
| Taxes | 450/3 | €5,690 | €2,136 | -€3,554 | -62.5% |
| Other amounts payable | 47/48 | €1,214 | €1,214 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €952 | €952 | = | 0.0% |
| Other operating charges | 640/8 | €5,563 | €3,369 | -€2,194 | -39.4% |
| Gross operating margin | 9900 | €16,524 | €12,076 | -€4,448 | -26.9% |
| Operating profit (loss) | 9901 | €10,009 | €7,755 | -€2,254 | -22.5% |
| Financial charges | 65/66B | €1,196 | €608 | -€588 | -49.2% |
| Recurring financial charges | 65 | €1,196 | €608 | -€588 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | €8,812 | €7,147 | -€1,665 | -18.9% |
| Income taxes | 67/77 | €2,401 | €1,907 | -€494 | -20.6% |
| Profit (loss) for the period | 9904 | €6,411 | €5,240 | -€1,171 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,411 | €5,240 | -€1,171 | -18.3% |
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 30 September 2026 via checked.be.