GESCOPAR: 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.
GESCOPAR
Largest movements
- Receivables within one year -€28,821
down €28,821 (-45.0%), from €64,037 to €35,216
of which Trade receivables: -€22,682
- Cash -€2,397
down €2,397 (-94.9%), from €2,527 to €129
mainly Net result for the year (-€17,242) and Current portion of long-term debt (-€10,000)
- Profit (loss) carried forward -€17,242
down €17,242, from €16,968 to -€274
- Current portion of long-term debt -€10,000
down €10,000 (-100%), from €10,000 to €0
- Tax, wage and social debts -€7,185
down €7,185 (-37.7%), from €19,056 to €11,872
of which Remuneration and social security: -€9,192
- Trade debts +€2,219
up €2,219 (+34.5%), from €6,434 to €8,653
- Short-term financial debts +€1,034
new in 2025: €1,034
- Gross operating margin -€40,401
down €40,401 (-79.9%), from €50,567 to €10,166
- Staff costs -€12,359
down €12,359 (-36.9%), from €33,527 to €21,168
- Financial charges +€1,263
up €1,263 (+295%), from €428 to €1,691
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,939 | €41,787 | -€31,151 | -42.7% |
| Fixed assets | 21/28 | €25 | €25 | = | 0.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €72,914 | €41,762 | -€31,151 | -42.7% |
| Amounts receivable within one year | 40/41 | €64,037 | €35,216 | -€28,821 | -45.0% |
| Trade receivables | 40 | €22,800 | €118 | -€22,682 | -99.5% |
| Other amounts receivable | 41 | €41,237 | €35,098 | -€6,138 | -14.9% |
| Current investments | 50/53 | €3,000 | €3,030 | +€30 | +1.0% |
| Cash at bank and in hand | 54/58 | €2,527 | €129 | -€2,397 | -94.9% |
| Deferred charges and accrued income | 490/1 | €3,351 | €3,387 | +€36 | +1.1% |
| Total equity and liabilities | 10/49 | €72,939 | €41,787 | -€31,151 | -42.7% |
| Equity | 10/15 | €37,428 | €20,186 | -€17,242 | -46.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,968 | -€274 | -€17,242 | |
| Amounts payable | 17/49 | €35,510 | €21,601 | -€13,909 | -39.2% |
| Amounts payable within one year | 42/48 | €35,490 | €21,559 | -€13,931 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €0 | -€10,000 | -100% |
| Financial debts | 43 | - | €1,034 | +€1,034 | |
| Credit institutions | 430/8 | - | €1,034 | +€1,034 | |
| Trade debts | 44 | €6,434 | €8,653 | +€2,219 | +34.5% |
| Suppliers | 440/4 | €6,434 | €8,653 | +€2,219 | +34.5% |
| Taxes, remuneration and social security | 45 | €19,056 | €11,872 | -€7,185 | -37.7% |
| Taxes | 450/3 | €9,669 | €11,677 | +€2,007 | +20.8% |
| Remuneration and social security | 454/9 | €9,387 | €195 | -€9,192 | -97.9% |
| Accrued charges and deferred income | 492/3 | €20 | €42 | +€22 | +110% |
| Remuneration, social security and pensions | 62 | €33,527 | €21,168 | -€12,359 | -36.9% |
| Other operating charges | 640/8 | €5,860 | €5,460 | -€400 | -6.8% |
| Gross operating margin | 9900 | €50,567 | €10,166 | -€40,401 | -79.9% |
| Operating profit (loss) | 9901 | €11,180 | -€16,461 | -€27,642 | |
| Financial income | 75/76B | €1,486 | €1,338 | -€149 | -10.0% |
| Recurring financial income | 75 | €1,486 | €1,338 | -€149 | -10.0% |
| Financial charges | 65/66B | €428 | €1,691 | +€1,263 | +295% |
| Recurring financial charges | 65 | €428 | €1,691 | +€1,263 | +295% |
| Profit (loss) for the period before taxes | 9903 | €12,238 | -€16,815 | -€29,054 | |
| Income taxes | 67/77 | €514 | €427 | -€86 | -16.8% |
| Profit (loss) for the period | 9904 | €11,725 | -€17,242 | -€28,967 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,725 | -€17,242 | -€28,967 |
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 17 October 2026 via checked.be.