GEWECO: 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.
GEWECO
Largest movements
- Financial fixed assets -€35,000
no longer reported in 2025 (was €35,000)
- Tangible fixed assets -€22,582
down €22,582 (-27.3%), from €82,691 to €60,109
of which Furniture and vehicles: -€21,887
- Cash -€13,708
down €13,708 (-8.6%), from €158,931 to €145,223
mainly Net result for the year (-€59,822) and Tax, wage and social debts (-€20,912)
- Receivables within one year -€13,359
down €13,359 (-24.3%), from €55,044 to €41,686
of which Other amounts receivable: -€7,771
- Reserves -€59,822
down €59,822 (-24.9%), from €240,358 to €180,536
of which Distributable reserves: -€59,822
- Tax, wage and social debts -€20,912
down €20,912 (-96.4%), from €21,688 to €776
- Trade debts -€3,910
down €3,910 (-47.8%), from €8,175 to €4,265
- Gross operating margin -€53,753
down €53,753, from €27,952 to -€25,801
- Financial charges +€5,868
up €5,868 (+106.3%), from €5,521 to €11,388
of which Non-recurring financial charges: +€6,000
- Taxes -€3,756
down €3,756 (-92.9%), from €4,042 to €287
- Financial income +€714
up €714 (+57.2%), from €1,249 to €1,963
- Depreciation +€710
up €710 (+3.2%), from €21,872 to €22,582
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 | €332,195 | €247,551 | -€84,644 | -25.5% |
| Fixed assets | 21/28 | €117,691 | €60,109 | -€57,582 | -48.9% |
| Tangible fixed assets | 22/27 | €82,691 | €60,109 | -€22,582 | -27.3% |
| Plant, machinery and equipment | 23 | €1,934 | €1,238 | -€696 | -36.0% |
| Furniture and vehicles | 24 | €80,757 | €58,871 | -€21,887 | -27.1% |
| Financial fixed assets | 28 | €35,000 | - | -€35,000 | |
| Current assets | 29/58 | €214,504 | €187,442 | -€27,062 | -12.6% |
| Amounts receivable within one year | 40/41 | €55,044 | €41,686 | -€13,359 | -24.3% |
| Trade receivables | 40 | €6,540 | €953 | -€5,587 | -85.4% |
| Other amounts receivable | 41 | €48,504 | €40,733 | -€7,771 | -16.0% |
| Current investments | 50/53 | €445 | €445 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €158,931 | €145,223 | -€13,708 | -8.6% |
| Deferred charges and accrued income | 490/1 | €83 | €88 | +€4 | +5.2% |
| Total equity and liabilities | 10/49 | €332,195 | €247,551 | -€84,644 | -25.5% |
| Equity | 10/15 | €302,332 | €242,510 | -€59,822 | -19.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €240,358 | €180,536 | -€59,822 | -24.9% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,680 | €7,680 | = | 0.0% |
| Distributable reserves | 133 | €226,481 | €166,659 | -€59,822 | -26.4% |
| Amounts payable | 17/49 | €29,863 | €5,041 | -€24,823 | -83.1% |
| Amounts payable within one year | 42/48 | €29,863 | €5,041 | -€24,823 | -83.1% |
| Trade debts | 44 | €8,175 | €4,265 | -€3,910 | -47.8% |
| Suppliers | 440/4 | €8,175 | €4,265 | -€3,910 | -47.8% |
| Taxes, remuneration and social security | 45 | €21,688 | €776 | -€20,912 | -96.4% |
| Taxes | 450/3 | €21,688 | €776 | -€20,912 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,872 | €22,582 | +€710 | +3.2% |
| Other operating charges | 640/8 | €2,387 | €1,727 | -€660 | -27.6% |
| Gross operating margin | 9900 | €27,952 | -€25,801 | -€53,753 | |
| Operating profit (loss) | 9901 | €3,693 | -€50,110 | -€53,803 | |
| Financial income | 75/76B | €1,249 | €1,963 | +€714 | +57.2% |
| Recurring financial income | 75 | €1,249 | €1,963 | +€714 | +57.2% |
| Financial charges | 65/66B | €5,521 | €11,388 | +€5,868 | +106.3% |
| Recurring financial charges | 65 | €521 | €388 | -€132 | -25.4% |
| Non-recurring financial charges | 66B | €5,000 | €11,000 | +€6,000 | +120.0% |
| Profit (loss) for the period before taxes | 9903 | -€578 | -€59,535 | -€58,957 | -10194.0% |
| Income taxes | 67/77 | €4,042 | €287 | -€3,756 | -92.9% |
| Profit (loss) for the period | 9904 | -€4,620 | -€59,822 | -€55,201 | -1194.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,620 | -€59,822 | -€55,201 | -1194.7% |
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 7 October 2026 via checked.be.