GESCOFISC ASSOCIATION: 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
GESCOFISC ASSOCIATION
NACE 69.201, Certified accountants and tax accountants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€187,574
2024 · €132,137+€55,436
Equity
€646,338
2024 · €638,764+€7,574
Cash
€166,174
2024 · €162,163+€4,011
Balance sheet total
€1.8m
2024 · €1.7m+€76,212
Largest movements
Assets
- Receivables within one year +€175,200
up €175,200 (+27.9%), from €628,935 to €804,135
of which Trade receivables: +€130,722
- Intangible fixed assets -€64,305
down €64,305 (-17.3%), from €371,425 to €307,120
- Tangible fixed assets -€35,297
down €35,297 (-6.3%), from €559,939 to €524,643
of which Land and buildings: -€19,550
Equity and liabilities
- Trade debts +€158,823
up €158,823 (+73.2%), from €216,829 to €375,652
- Debts after one year -€110,576
down €110,576 (-20.4%), from €541,583 to €431,007
of which Financial debts: -€110,576
- Other debts +€60,000
up €60,000 (+60.0%), from €100,000 to €160,000
- Tax, wage and social debts -€34,305
down €34,305 (-36.7%), from €93,477 to €59,172
of which Taxes: -€27,464
Income statement
- Gross operating margin +€129,303
up €129,303 (+18.2%), from €710,687 to €839,990
- Staff costs +€54,531
up €54,531 (+14.6%), from €374,368 to €428,899
- Taxes +€21,916
up €21,916 (+42.5%), from €51,612 to €73,528
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
€132,137
Gross operating margin
+€129,303
Staff costs
-€54,531
Depreciation
+€1,682
Write-downs
+€319
Other operating charges
-€1,665
Other operating items
-€298
Financial income
-€108
Financial charges
+€2,650
Taxes
-€21,916
Result 2025
€187,574
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
+€294,306
Investment
-€5,228
Financing
-€285,066
Cash 2024
€162,163
From operations (derived)
+€294,306
Net result for the year
+€187,574
Depreciation
+€104,830
Receivables within one year
-€175,200
Deferred charges and accrued income
+€3,399
Provisions
-€2,402
Trade debts
+€158,823
Tax, wage and social debts
-€34,305
Other debts
+€60,000
Accrued charges and deferred income
-€8,412
Investment (derived)
-€5,228
Investment in fixed assets (net)
-€5,228
Financing
-€285,066
Debts after one year
-€110,576
Current portion of long-term debt
+€5,510
Contributions, distributions and other
-€180,000
Cash 2025
€166,174
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,741,955 | €1,818,167 | +€76,212 | +4.4% |
| Fixed assets | 21/28 | €933,952 | €834,351 | -€99,602 | -10.7% |
| Intangible fixed assets | 21 | €371,425 | €307,120 | -€64,305 | -17.3% |
| Tangible fixed assets | 22/27 | €559,939 | €524,643 | -€35,297 | -6.3% |
| Land and buildings | 22 | €433,407 | €413,858 | -€19,550 | -4.5% |
| Plant, machinery and equipment | 23 | €123,019 | €107,049 | -€15,970 | -13.0% |
| Furniture and vehicles | 24 | €3,513 | €3,737 | +€223 | +6.4% |
| Financial fixed assets | 28 | €2,588 | €2,588 | = | 0.0% |
| Current assets | 29/58 | €808,003 | €983,816 | +€175,813 | +21.8% |
| Amounts receivable within one year | 40/41 | €628,935 | €804,135 | +€175,200 | +27.9% |
| Trade receivables | 40 | €602,101 | €732,822 | +€130,722 | +21.7% |
| Other amounts receivable | 41 | €26,834 | €71,313 | +€44,479 | +166% |
| Cash at bank and in hand | 54/58 | €162,163 | €166,174 | +€4,011 | +2.5% |
| Deferred charges and accrued income | 490/1 | €16,906 | €13,507 | -€3,399 | -20.1% |
| Total equity and liabilities | 10/49 | €1,741,955 | €1,818,167 | +€76,212 | +4.4% |
| Equity | 10/15 | €638,764 | €646,338 | +€7,574 | +1.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €82,777 | €78,112 | -€4,666 | -5.6% |
| Tax-exempt reserves | 132 | €64,141 | €59,475 | -€4,666 | -7.3% |
| Distributable reserves | 133 | €18,636 | €18,636 | = | 0.0% |
| Profit (loss) carried forward | 14 | €537,395 | €549,634 | +€12,239 | +2.3% |
| Provisions and deferred taxes | 16 | €33,028 | €30,626 | -€2,402 | -7.3% |
| Deferred taxes | 168 | €33,028 | €30,626 | -€2,402 | -7.3% |
| Amounts payable | 17/49 | €1,070,163 | €1,141,203 | +€71,040 | +6.6% |
| Amounts payable after more than one year | 17 | €541,583 | €431,007 | -€110,576 | -20.4% |
| Financial debts | 170/4 | €536,223 | €425,647 | -€110,576 | -20.6% |
| Other amounts payable | 178/9 | €5,360 | €5,360 | = | 0.0% |
| Amounts payable within one year | 42/48 | €519,714 | €709,742 | +€190,028 | +36.6% |
| Current portion of amounts payable after more than one year | 42 | €109,408 | €114,918 | +€5,510 | +5.0% |
| Trade debts | 44 | €216,829 | €375,652 | +€158,823 | +73.2% |
| Suppliers | 440/4 | €216,829 | €375,652 | +€158,823 | +73.2% |
| Taxes, remuneration and social security | 45 | €93,477 | €59,172 | -€34,305 | -36.7% |
| Taxes | 450/3 | €48,890 | €21,425 | -€27,464 | -56.2% |
| Remuneration and social security | 454/9 | €44,588 | €37,747 | -€6,841 | -15.3% |
| Other amounts payable | 47/48 | €100,000 | €160,000 | +€60,000 | +60.0% |
| Accrued charges and deferred income | 492/3 | €8,866 | €454 | -€8,412 | -94.9% |
| Non-recurring operating income | 76A | €7,765 | €6,859 | -€906 | -11.7% |
| Remuneration, social security and pensions | 62 | €374,368 | €428,899 | +€54,531 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,512 | €104,830 | -€1,682 | -1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,100 | €6,781 | -€319 | -4.5% |
| Other operating charges | 640/8 | €8,311 | €9,976 | +€1,665 | +20.0% |
| Non-recurring operating charges | 66A | - | €298 | +€298 | |
| Gross operating margin | 9900 | €710,687 | €839,990 | +€129,303 | +18.2% |
| Operating profit (loss) | 9901 | €214,396 | €289,206 | +€74,810 | +34.9% |
| Financial income | 75/76B | €152 | €43 | -€108 | -71.4% |
| Recurring financial income | 75 | €152 | €43 | -€108 | -71.4% |
| Financial charges | 65/66B | €33,200 | €30,550 | -€2,650 | -8.0% |
| Recurring financial charges | 65 | €33,200 | €30,550 | -€2,650 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €181,347 | €258,699 | +€77,352 | +42.7% |
| Transfer from deferred taxes | 780 | €2,402 | €2,402 | = | 0.0% |
| Income taxes | 67/77 | €51,612 | €73,528 | +€21,916 | +42.5% |
| Profit (loss) for the period | 9904 | €132,137 | €187,574 | +€55,436 | +42.0% |
| Transfer from tax-exempt reserves | 789 | €4,666 | €4,666 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €136,803 | €192,239 | +€55,436 | +40.5% |
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 21 October 2026 via checked.be.