GEPOCO: 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.
GEPOCO
Largest movements
- Cash -€26,375
down €26,375 (-82.0%), from €32,176 to €5,801
mainly Net result for the year (-€38,222) and Trade debts (-€8,451)
- Receivables within one year -€9,642
down €9,642 (-2.0%), from €486,492 to €476,850
of which Other amounts receivable: -€8,990
- Reserves -€38,222
down €38,222 (-53.1%), from €71,975 to €33,754
of which Distributable reserves: -€22,284
- Current portion of long-term debt +€10,000
new in 2025: €10,000
- Trade debts -€8,451
down €8,451 (-36.4%), from €23,198 to €14,747
- Gross operating margin -€12,088
down €12,088 (-51.2%), from -€23,627 to -€35,715
- Financial income -€7,258
down €7,258 (-63.1%), from €11,504 to €4,245
- Financial charges +€557
up €557 (+2320.8%), from €24 to €581
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 | €600,545 | €563,872 | -€36,673 | -6.1% |
| Fixed assets | 21/28 | €81,877 | €81,221 | -€656 | -0.8% |
| Tangible fixed assets | 22/27 | €81,877 | €81,221 | -€656 | -0.8% |
| Land and buildings | 22 | €81,877 | €81,221 | -€656 | -0.8% |
| Current assets | 29/58 | €518,668 | €482,651 | -€36,017 | -6.9% |
| Amounts receivable within one year | 40/41 | €486,492 | €476,850 | -€9,642 | -2.0% |
| Trade receivables | 40 | €652 | €0 | -€652 | -100.0% |
| Other amounts receivable | 41 | €485,841 | €476,850 | -€8,990 | -1.9% |
| Cash at bank and in hand | 54/58 | €32,176 | €5,801 | -€26,375 | -82.0% |
| Total equity and liabilities | 10/49 | €600,545 | €563,872 | -€36,673 | -6.1% |
| Equity | 10/15 | €568,878 | €530,656 | -€38,222 | -6.7% |
| Contributions | 10/11 | €496,903 | €496,903 | = | 0.0% |
| Capital | 10 | €496,903 | €496,903 | = | 0.0% |
| Issued capital | 100 | €496,903 | €496,903 | = | 0.0% |
| Reserves | 13 | €71,975 | €33,754 | -€38,222 | -53.1% |
| Non-distributable reserves | 130/1 | €49,691 | €33,754 | -€15,937 | -32.1% |
| Legal reserve | 130 | €49,691 | €33,754 | -€15,937 | -32.1% |
| Distributable reserves | 133 | €22,284 | €0 | -€22,284 | -100.0% |
| Amounts payable | 17/49 | €31,667 | €33,216 | +€1,549 | +4.9% |
| Amounts payable after more than one year | 17 | €8,469 | €8,469 | = | 0.0% |
| Other amounts payable | 178/9 | €8,469 | €8,469 | = | 0.0% |
| Amounts payable within one year | 42/48 | €23,198 | €24,747 | +€1,549 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €23,198 | €14,747 | -€8,451 | -36.4% |
| Suppliers | 440/4 | €23,198 | €14,747 | -€8,451 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €656 | €656 | = | 0.0% |
| Other operating charges | 640/8 | €5,555 | €5,515 | -€40 | -0.7% |
| Gross operating margin | 9900 | -€23,627 | -€35,715 | -€12,088 | -51.2% |
| Operating profit (loss) | 9901 | -€29,837 | -€41,886 | -€12,049 | -40.4% |
| Financial income | 75/76B | €11,504 | €4,245 | -€7,258 | -63.1% |
| Recurring financial income | 75 | €11,504 | €4,245 | -€7,258 | -63.1% |
| Financial charges | 65/66B | €24 | €581 | +€557 | +2320.8% |
| Recurring financial charges | 65 | €24 | €581 | +€557 | +2320.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,358 | -€38,222 | -€19,864 | -108.2% |
| Profit (loss) for the period | 9904 | -€18,358 | -€38,222 | -€19,864 | -108.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,358 | -€38,222 | -€19,864 | -108.2% |
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 29 September 2026 via checked.be.