GESCO: what changed
GESCO
Largest movements
- Cash +€286,848
up €286,848 (+154%), from €185,971 to €472,818
mainly Debts (+€277,267) and Net result for the year (+€75,750)
- Receivables within one year +€156,047
up €156,047 (+21.8%), from €714,634 to €870,681
- Stocks and contracts -€41,706
down €41,706 (-7.6%), from €546,800 to €505,094
- Tangible fixed assets -€26,562
down €26,562 (-19.8%), from €133,976 to €107,414
- Intangible fixed assets -€20,727
down €20,727 (-60.7%), from €34,122 to €13,394
- Debts +€277,267
up €277,267 (+49.3%), from €561,883 to €839,150
of which Debts within one year: +€253,142
- Profit (loss) carried forward +€75,750
new in 2016: €75,750
- Turnover -€3.6m
no longer reported in 2016 (was €3.6m)
- Gross operating margin +€1.3m
new in 2016: €1.3m
- Taxes -€37,739
down €37,739 (-62.9%), from €60,002 to €22,263
Change in the result, 2015 to 2016
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2015 and 2016 balance sheets and the 2016 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2015 | 2016 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,638,003 | €1,992,158 | +€354,154 | +21.6% |
| Fixed assets | 21/28 | €190,598 | €143,564 | -€47,034 | -24.7% |
| Intangible fixed assets | 21 | €34,122 | €13,394 | -€20,727 | -60.7% |
| Tangible fixed assets | 22/27 | €133,976 | €107,414 | -€26,562 | -19.8% |
| Financial fixed assets | 28 | €22,500 | €22,756 | +€256 | +1.1% |
| Current assets | 29/58 | €1,447,405 | €1,848,593 | +€401,188 | +27.7% |
| Stocks and contracts in progress | 3 | €546,800 | €505,094 | -€41,706 | -7.6% |
| Amounts receivable within one year | 40/41 | €714,634 | €870,681 | +€156,047 | +21.8% |
| Cash at bank and in hand | 54/58 | €185,971 | €472,818 | +€286,848 | +154% |
| Total equity and liabilities | 10/49 | €1,638,003 | €1,992,158 | +€354,154 | +21.6% |
| Equity | 10/15 | €1,019,846 | €1,095,596 | +€75,750 | +7.4% |
| Contributions | 10/11 | €385,000 | €385,000 | = | 0.0% |
| Reserves | 13 | €634,846 | €634,846 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €75,750 | +€75,750 | |
| Provisions and deferred taxes | 16 | €56,274 | €57,412 | +€1,138 | +2.0% |
| Amounts payable | 17/49 | €561,883 | €839,150 | +€277,267 | +49.3% |
| Amounts payable after more than one year | 17 | €44,265 | €11,056 | -€33,209 | -75.0% |
| Amounts payable within one year | 42/48 | €517,618 | €770,761 | +€253,142 | +48.9% |
| Trade debts | 44 | €150,096 | €377,082 | +€226,987 | +151% |
| Turnover | 70 | €3,558,356 | - | -€3.6m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,975 | €73,133 | -€27,842 | -27.6% |
| Gross operating margin | 9900 | - | €1,303,306 | +€1.3m | |
| Operating profit (loss) | 9901 | €134,795 | €105,089 | -€29,706 | -22.0% |
| Recurring financial income | 75 | €5,441 | €3,821 | -€1,619 | -29.8% |
| Recurring financial charges | 65 | €20,704 | €10,897 | -€9,807 | -47.4% |
| Debt charges | 650 | €11,350 | - | -€11,350 | |
| Profit (loss) for the period before taxes | 9903 | €122,034 | €98,013 | -€24,021 | -19.7% |
| Income taxes | 67/77 | €60,002 | €22,263 | -€37,739 | -62.9% |
| Profit (loss) for the period | 9904 | €62,032 | €75,750 | +€13,718 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,032 | €75,750 | +€13,718 | +22.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2015 and 31 December 2016. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.