GECODIS: what changed
What changed
GECODIS
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
filed annual accounts (NBB)
Net result for the year
€287,065
2024 · €172,513+€114,553
Equity
€881,793
2024 · €786,728+€95,065
Cash
€405,134
2024 · €272,944+€132,191
Balance sheet total
€2.9m
2024 · €2.5m+€354,340
Largest movements
Assets
- Tangible fixed assets +€173,358
up €173,358 (+9.5%), from €1.8m to €2.0m
of which Land and buildings: +€275,541
- Cash +€132,191
up €132,191 (+48.4%), from €272,944 to €405,134
mainly Net result for the year (+€287,065) and Depreciation (+€195,102)
- Receivables within one year +€32,132
up €32,132 (+71.2%), from €45,101 to €77,233
of which Other amounts receivable: +€25,225
Equity and liabilities
- Accrued charges and deferred income +€157,857
new in 2025: €157,857
- Reserves +€84,200
up €84,200 (+16.3%), from €516,183 to €600,383
of which Tax-exempt reserves: +€84,200
- Debts after one year +€51,251
up €51,251 (+7.4%), from €689,529 to €740,780
- Other debts +€39,321
up €39,321 (+18.7%), from €210,615 to €249,936
Income statement
- Gross operating margin +€186,033
up €186,033 (+16.7%), from €1.1m to €1.3m
- Depreciation +€40,730
up €40,730 (+26.4%), from €154,372 to €195,102
- Taxes +€27,813
up €27,813 (+45.9%), from €60,554 to €88,367
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.
Result 2024
€172,513
Gross operating margin
+€186,033
Staff costs
-€9,358
Depreciation
-€40,730
Other operating charges
-€269
Financial income
-€141
Financial charges
+€6,831
Taxes
-€27,813
Result 2025
€287,065
raises the resultlowers the result
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.
From operations
+€638,978
Investment
-€368,779
Financing
-€138,008
Cash 2024
€272,944
From operations (derived)
+€638,978
Net result for the year
+€287,065
Depreciation
+€195,102
Stocks and contracts
-€16,340
Receivables within one year
-€32,132
Trade debts
+€5,684
Tax, wage and social debts
+€2,420
Other debts
+€39,321
Accrued charges and deferred income
+€157,857
Investment (derived)
-€368,779
Investment in fixed assets (net)
-€368,779
Financing
-€138,008
Debts after one year
+€51,251
Current portion of long-term debt
+€2,741
Contributions, distributions and other
-€192,000
Cash 2025
€405,134
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,539,980 | €2,894,320 | +€354,340 | +14.0% |
| Fixed assets | 21/28 | €1,831,327 | €2,005,005 | +€173,678 | +9.5% |
| Tangible fixed assets | 22/27 | €1,823,527 | €1,996,885 | +€173,358 | +9.5% |
| Land and buildings | 22 | €301,053 | €576,595 | +€275,541 | +91.5% |
| Plant, machinery and equipment | 23 | €1,520,755 | €1,413,796 | -€106,959 | -7.0% |
| Furniture and vehicles | 24 | €1,719 | €6,494 | +€4,776 | +278% |
| Financial fixed assets | 28 | €7,800 | €8,120 | +€320 | +4.1% |
| Current assets | 29/58 | €708,653 | €889,315 | +€180,662 | +25.5% |
| Stocks and contracts in progress | 3 | €390,608 | €406,948 | +€16,340 | +4.2% |
| Stocks | 30/36 | €390,608 | €406,948 | +€16,340 | +4.2% |
| Amounts receivable within one year | 40/41 | €45,101 | €77,233 | +€32,132 | +71.2% |
| Trade receivables | 40 | €6,456 | €13,362 | +€6,906 | +107% |
| Other amounts receivable | 41 | €38,646 | €63,871 | +€25,225 | +65.3% |
| Cash at bank and in hand | 54/58 | €272,944 | €405,134 | +€132,191 | +48.4% |
| Total equity and liabilities | 10/49 | €2,539,980 | €2,894,320 | +€354,340 | +14.0% |
| Equity | 10/15 | €786,728 | €881,793 | +€95,065 | +12.1% |
| Contributions | 10/11 | €161,833 | €161,833 | = | 0.0% |
| Capital | 10 | €161,833 | €161,833 | = | 0.0% |
| Issued capital | 100 | €161,833 | €161,833 | = | 0.0% |
| Reserves | 13 | €516,183 | €600,383 | +€84,200 | +16.3% |
| Non-distributable reserves | 130/1 | €516,183 | €516,183 | = | 0.0% |
| Legal reserve | 130 | €16,183 | €16,183 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €350,207 | +€350,207 | |
| Financial assistance | 1313 | €500,000 | €149,793 | -€350,207 | -70.0% |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Profit (loss) carried forward | 14 | €108,711 | €119,577 | +€10,865 | +10.0% |
| Amounts payable | 17/49 | €1,753,252 | €2,012,527 | +€259,275 | +14.8% |
| Amounts payable after more than one year | 17 | €689,529 | €740,780 | +€51,251 | +7.4% |
| Financial debts | 170/4 | €689,529 | €740,780 | +€51,251 | +7.4% |
| Amounts payable within one year | 42/48 | €1,063,723 | €1,113,890 | +€50,167 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €195,008 | €197,749 | +€2,741 | +1.4% |
| Trade debts | 44 | €576,673 | €582,356 | +€5,684 | +1.0% |
| Suppliers | 440/4 | €576,673 | €582,356 | +€5,684 | +1.0% |
| Taxes, remuneration and social security | 45 | €81,427 | €83,848 | +€2,420 | +3.0% |
| Taxes | 450/3 | €3,876 | €8,570 | +€4,694 | +121% |
| Remuneration and social security | 454/9 | €77,551 | €75,278 | -€2,273 | -2.9% |
| Other amounts payable | 47/48 | €210,615 | €249,936 | +€39,321 | +18.7% |
| Accrued charges and deferred income | 492/3 | - | €157,857 | +€157,857 | |
| Remuneration, social security and pensions | 62 | €671,051 | €680,409 | +€9,358 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,372 | €195,102 | +€40,730 | +26.4% |
| Other operating charges | 640/8 | €28,234 | €28,503 | +€269 | +1.0% |
| Gross operating margin | 9900 | €1,114,349 | €1,300,382 | +€186,033 | +16.7% |
| Operating profit (loss) | 9901 | €260,692 | €396,368 | +€135,676 | +52.0% |
| Financial income | 75/76B | €446 | €305 | -€141 | -31.6% |
| Recurring financial income | 75 | €446 | €305 | -€141 | -31.6% |
| Financial charges | 65/66B | €28,072 | €21,241 | -€6,831 | -24.3% |
| Recurring financial charges | 65 | €28,072 | €21,241 | -€6,831 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €233,066 | €375,432 | +€142,366 | +61.1% |
| Income taxes | 67/77 | €60,554 | €88,367 | +€27,813 | +45.9% |
| Profit (loss) for the period | 9904 | €172,513 | €287,065 | +€114,553 | +66.4% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €172,513 | €202,865 | +€30,353 | +17.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 4 November 2026 via checked.be.