GICOR: 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.
GICOR
Largest movements
- Cash -€2,641
down €2,641 (-98.8%), from €2,673 to €31
mainly Net result for the year (-€22,220) and Investment in fixed assets (net) (-€15,158)
- Profit (loss) carried forward -€32,916
down €32,916 (-9.8%), from -€336,234 to -€369,150
- Other debts +€28,139
up €28,139 (+5.1%), from €556,633 to €584,772
- Depreciation +€1,198
up €1,198 (+8.6%), from €13,919 to €15,117
- Other operating charges +€1,065
up €1,065 (+27.5%), from €3,873 to €4,938
- Gross operating margin -€861
down €861 (-70.0%), from -€1,231 to -€2,092
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 | €238,990 | €236,250 | -€2,741 | -1.1% |
| Fixed assets | 21/28 | €234,677 | €234,718 | +€41 | 0.0% |
| Tangible fixed assets | 22/27 | €234,677 | €234,718 | +€41 | 0.0% |
| Land and buildings | 22 | €231,173 | €219,305 | -€11,868 | -5.1% |
| Plant, machinery and equipment | 23 | €3,504 | €15,413 | +€11,909 | +339.9% |
| Current assets | 29/58 | €4,314 | €1,531 | -€2,782 | -64.5% |
| Amounts receivable within one year | 40/41 | €141 | - | -€141 | |
| Other amounts receivable | 41 | €141 | - | -€141 | |
| Cash at bank and in hand | 54/58 | €2,673 | €31 | -€2,641 | -98.8% |
| Deferred charges and accrued income | 490/1 | €1,500 | €1,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €238,990 | €236,250 | -€2,741 | -1.1% |
| Equity | 10/15 | -€317,642 | -€350,558 | -€32,916 | -10.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€336,234 | -€369,150 | -€32,916 | -9.8% |
| Amounts payable | 17/49 | €556,633 | €586,808 | +€30,176 | +5.4% |
| Amounts payable within one year | 42/48 | €556,633 | €586,408 | +€29,776 | +5.3% |
| Trade debts | 44 | - | €1,637 | +€1,637 | |
| Suppliers | 440/4 | - | €1,637 | +€1,637 | |
| Other amounts payable | 47/48 | €556,633 | €584,772 | +€28,139 | +5.1% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,919 | €15,117 | +€1,198 | +8.6% |
| Other operating charges | 640/8 | €3,873 | €4,938 | +€1,065 | +27.5% |
| Gross operating margin | 9900 | -€1,231 | -€2,092 | -€861 | -70.0% |
| Operating profit (loss) | 9901 | -€19,023 | -€22,146 | -€3,124 | -16.4% |
| Financial charges | 65/66B | €62 | €73 | +€11 | +17.1% |
| Recurring financial charges | 65 | €62 | €73 | +€11 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,085 | -€22,220 | -€3,134 | -16.4% |
| Profit (loss) for the period | 9904 | -€19,085 | -€22,220 | -€3,134 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,085 | -€22,220 | -€3,134 | -16.4% |
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 6 October 2026 via checked.be.