GESCOVIN: 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.
What changed
GESCOVIN
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€84,996
2024 · €64,702+€20,294
Equity
€5.6m
2024 · €5.8m-€175,804
Cash
€25,990
2024 · €22,668+€3,322
Balance sheet total
€5.9m
2024 · €5.8m+€91,268
Largest movements
Assets
- Current investments +€80,504
up €80,504 (+26.1%), from €309,000 to €389,504
Equity and liabilities
- Contributions -€260,000
down €260,000 (-5.5%), from €4.8m to €4.5m
- Other debts +€259,510
up €259,510 (+6435.1%), from €4,033 to €263,543
- Profit (loss) carried forward +€84,196
up €84,196 (+10.1%), from €830,874 to €915,070
Income statement
- Gross operating margin +€18,626
up €18,626, from -€8,308 to €10,317
- Financial income +€5,510
up €5,510 (+6.5%), from €85,120 to €90,630
- Other operating charges +€3,287
up €3,287 (+48.6%), from €6,760 to €10,047
- Depreciation -€1,049
down €1,049 (-21.0%), from €5,004 to €3,955
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
€64,702
Gross operating margin
+€18,626
Depreciation
+€1,049
Other operating charges
-€3,287
Other operating items
-€1,546
Financial income
+€5,510
Financial charges
-€46
Taxes
-€11
Result 2025
€84,996
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.
From operations
+€351,444
Investment
-€87,322
Financing
-€260,800
Cash 2024
€22,668
From operations (derived)
+€351,444
Net result for the year
+€84,996
Depreciation
+€3,955
Receivables within one year
-€2,142
Deferred charges and accrued income
-€2,436
Trade debts
+€9,934
Tax, wage and social debts
-€367
Other debts
+€259,510
Accrued charges and deferred income
-€2,005
Investment (derived)
-€87,322
Investment in fixed assets (net)
-€6,818
Current investments
-€80,504
Financing
-€260,800
Contributions, distributions and other
-€260,800
Cash 2025
€25,990
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,828,052 | €5,919,320 | +€91,268 | +1.6% |
| Fixed assets | 21/28 | €5,495,606 | €5,498,469 | +€2,863 | +0.1% |
| Tangible fixed assets | 22/27 | €245,604 | €248,467 | +€2,863 | +1.2% |
| Land and buildings | 22 | €243,484 | €239,070 | -€4,414 | -1.8% |
| Plant, machinery and equipment | 23 | €0 | €2,022 | +€2,022 | |
| Furniture and vehicles | 24 | €2,120 | €7,375 | +€5,255 | +247.9% |
| Financial fixed assets | 28 | €5,250,003 | €5,250,003 | = | 0.0% |
| Current assets | 29/58 | €332,446 | €420,851 | +€88,405 | +26.6% |
| Amounts receivable within one year | 40/41 | €398 | €2,540 | +€2,142 | +538.5% |
| Other amounts receivable | 41 | €398 | €2,540 | +€2,142 | +538.5% |
| Current investments | 50/53 | €309,000 | €389,504 | +€80,504 | +26.1% |
| Cash at bank and in hand | 54/58 | €22,668 | €25,990 | +€3,322 | +14.7% |
| Deferred charges and accrued income | 490/1 | €380 | €2,816 | +€2,436 | +641.5% |
| Total equity and liabilities | 10/49 | €5,828,052 | €5,919,320 | +€91,268 | +1.6% |
| Equity | 10/15 | €5,819,352 | €5,643,548 | -€175,804 | -3.0% |
| Contributions | 10/11 | €4,760,000 | €4,500,000 | -€260,000 | -5.5% |
| Capital | 10 | €4,760,000 | €4,500,000 | -€260,000 | -5.5% |
| Issued capital | 100 | €4,760,000 | €4,500,000 | -€260,000 | -5.5% |
| Reserves | 13 | €228,478 | €228,478 | = | 0.0% |
| Non-distributable reserves | 130/1 | €65,399 | €65,399 | = | 0.0% |
| Legal reserve | 130 | €65,399 | €65,399 | = | 0.0% |
| Distributable reserves | 133 | €163,080 | €163,080 | = | 0.0% |
| Profit (loss) carried forward | 14 | €830,874 | €915,070 | +€84,196 | +10.1% |
| Amounts payable | 17/49 | €8,700 | €275,772 | +€267,073 | +3069.9% |
| Amounts payable within one year | 42/48 | €6,695 | €275,772 | +€269,077 | +4019.0% |
| Trade debts | 44 | €2,296 | €12,229 | +€9,934 | +432.7% |
| Suppliers | 440/4 | €2,296 | €12,229 | +€9,934 | +432.7% |
| Taxes, remuneration and social security | 45 | €367 | €0 | -€367 | -100.0% |
| Taxes | 450/3 | €367 | €0 | -€367 | -100.0% |
| Other amounts payable | 47/48 | €4,033 | €263,543 | +€259,510 | +6435.1% |
| Accrued charges and deferred income | 492/3 | €2,005 | €0 | -€2,005 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,004 | €3,955 | -€1,049 | -21.0% |
| Other operating charges | 640/8 | €6,760 | €10,047 | +€3,287 | +48.6% |
| Non-recurring operating charges | 66A | - | €1,546 | +€1,546 | |
| Gross operating margin | 9900 | -€8,308 | €10,317 | +€18,626 | |
| Operating profit (loss) | 9901 | -€20,072 | -€5,231 | +€14,841 | +73.9% |
| Financial income | 75/76B | €85,120 | €90,630 | +€5,510 | +6.5% |
| Recurring financial income | 75 | €85,120 | €90,630 | +€5,510 | +6.5% |
| Financial charges | 65/66B | €148 | €195 | +€46 | +31.3% |
| Recurring financial charges | 65 | €148 | €195 | +€46 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | €64,899 | €85,204 | +€20,305 | +31.3% |
| Income taxes | 67/77 | €198 | €209 | +€11 | +5.6% |
| Profit (loss) for the period | 9904 | €64,702 | €84,996 | +€20,294 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,702 | €84,996 | +€20,294 | +31.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.