GESCOPAR: what changed
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
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 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 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.