GESCOFINA: 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.
GESCOFINA
Largest movements
- Tangible fixed assets +€33,547
up €33,547 (+2624.2%), from €1,278 to €34,826
of which Furniture and vehicles: +€33,894
- Cash -€2,194
down €2,194 (-55.6%), from €3,948 to €1,754
mainly Investment in fixed assets (net) (-€38,061) and Net result for the year (-€12,971)
- Receivables within one year -€774
down €774 (-19.3%), from €4,001 to €3,227
of which Trade receivables: -€2,643
- Debts after one year +€33,211
up €33,211 (+330.3%), from €10,054 to €43,265
- Profit (loss) carried forward -€12,971
down €12,971, from €95 to -€12,875
- Other debts +€12,170
up €12,170 (+217.2%), from €5,604 to €17,774
- Tax, wage and social debts -€5,981
down €5,981 (-99.0%), from €6,041 to €60
- Trade debts +€3,749
up €3,749 (+199.0%), from €1,884 to €5,632
- Financial income +€17,733
up €17,733 (+155413.3%), from €11 to €17,744
of which Non-recurring financial income: +€17,744
- Gross operating margin -€16,601
down €16,601, from €13,604 to -€2,998
- Taxes -€4,646
down €4,646, from €4,182 to -€464
- Depreciation +€3,728
up €3,728 (+474.9%), from €785 to €4,513
- Financial charges +€2,088
up €2,088 (+180.6%), from €1,156 to €3,244
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 | €28,678 | €58,856 | +€30,178 | +105.2% |
| Fixed assets | 21/28 | €1,278 | €34,826 | +€33,547 | +2624.2% |
| Tangible fixed assets | 22/27 | €1,278 | €34,826 | +€33,547 | +2624.2% |
| Plant, machinery and equipment | 23 | €1,019 | €673 | -€346 | -34.0% |
| Furniture and vehicles | 24 | €259 | €34,153 | +€33,894 | +13080.8% |
| Current assets | 29/58 | €27,399 | €24,030 | -€3,370 | -12.3% |
| Stocks and contracts in progress | 3 | €1,950 | €1,549 | -€401 | -20.6% |
| Stocks | 30/36 | €1,950 | €1,549 | -€401 | -20.6% |
| Amounts receivable within one year | 40/41 | €4,001 | €3,227 | -€774 | -19.3% |
| Trade receivables | 40 | €4,001 | €1,358 | -€2,643 | -66.1% |
| Other amounts receivable | 41 | - | €1,869 | +€1,869 | |
| Cash at bank and in hand | 54/58 | €3,948 | €1,754 | -€2,194 | -55.6% |
| Deferred charges and accrued income | 490/1 | €17,500 | €17,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €28,678 | €58,856 | +€30,178 | +105.2% |
| Equity | 10/15 | €5,095 | -€7,875 | -€12,971 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95 | -€12,875 | -€12,971 | |
| Amounts payable | 17/49 | €23,583 | €66,731 | +€43,149 | +183.0% |
| Amounts payable after more than one year | 17 | €10,054 | €43,265 | +€33,211 | +330.3% |
| Financial debts | 170/4 | €10,054 | €43,265 | +€33,211 | +330.3% |
| Amounts payable within one year | 42/48 | €13,529 | €23,466 | +€9,937 | +73.5% |
| Trade debts | 44 | €1,884 | €5,632 | +€3,749 | +199.0% |
| Suppliers | 440/4 | €1,884 | €5,632 | +€3,749 | +199.0% |
| Taxes, remuneration and social security | 45 | €6,041 | €60 | -€5,981 | -99.0% |
| Taxes | 450/3 | €6,041 | €60 | -€5,981 | -99.0% |
| Other amounts payable | 47/48 | €5,604 | €17,774 | +€12,170 | +217.2% |
| Remuneration, social security and pensions | 62 | - | €163 | +€163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €785 | €4,513 | +€3,728 | +474.9% |
| Other operating charges | 640/8 | €660 | €2,416 | +€1,756 | +266.0% |
| Non-recurring operating charges | 66A | - | €17,846 | +€17,846 | |
| Gross operating margin | 9900 | €13,604 | -€2,998 | -€16,601 | |
| Operating profit (loss) | 9901 | €12,159 | -€27,935 | -€40,094 | |
| Financial income | 75/76B | €11 | €17,744 | +€17,733 | +155413.3% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -96.3% |
| Non-recurring financial income | 76B | - | €17,744 | +€17,744 | |
| Financial charges | 65/66B | €1,156 | €3,244 | +€2,088 | +180.6% |
| Recurring financial charges | 65 | €1,156 | €3,244 | +€2,088 | +180.6% |
| Profit (loss) for the period before taxes | 9903 | €11,014 | -€13,435 | -€24,449 | |
| Income taxes | 67/77 | €4,182 | -€464 | -€4,646 | |
| Profit (loss) for the period | 9904 | €6,832 | -€12,971 | -€19,803 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,832 | -€12,971 | -€19,803 |
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 8 October 2026 via checked.be.