A.M. GEST: 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.
A.M. GEST
Largest movements
- Cash +€68,839
up €68,839 (+169.5%), from €40,613 to €109,452
mainly Net result for the year (+€35,603) and Tax, wage and social debts (+€26,882)
- Receivables within one year -€23,471
down €23,471 (-51.2%), from €45,825 to €22,353
- Profit (loss) carried forward +€35,603
up €35,603 (+112.8%), from €31,571 to €67,174
- Tax, wage and social debts +€26,882
up €26,882 (+125.1%), from €21,487 to €48,369
- Other debts -€20,019
down €20,019 (-99.2%), from €20,173 to €154
- Trade debts +€2,019
up €2,019 (+15.9%), from €12,690 to €14,709
- Gross operating margin +€18,986
up €18,986 (+48.7%), from €39,019 to €58,005
- Taxes +€10,504
up €10,504 (+111.8%), from €9,397 to €19,901
- Depreciation -€3,468
down €3,468 (-79.7%), from €4,350 to €882
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 | €87,320 | €131,805 | +€44,485 | +50.9% |
| Fixed assets | 21/28 | €882 | - | -€882 | |
| Tangible fixed assets | 22/27 | €882 | - | -€882 | |
| Furniture and vehicles | 24 | €882 | - | -€882 | |
| Current assets | 29/58 | €86,438 | €131,805 | +€45,368 | +52.5% |
| Amounts receivable within one year | 40/41 | €45,825 | €22,353 | -€23,471 | -51.2% |
| Trade receivables | 40 | €45,825 | €22,353 | -€23,471 | -51.2% |
| Cash at bank and in hand | 54/58 | €40,613 | €109,452 | +€68,839 | +169.5% |
| Total equity and liabilities | 10/49 | €87,320 | €131,805 | +€44,485 | +50.9% |
| Equity | 10/15 | €32,971 | €68,574 | +€35,603 | +108.0% |
| Contributions | 10/11 | €1,400 | €1,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,571 | €67,174 | +€35,603 | +112.8% |
| Amounts payable | 17/49 | €54,349 | €63,232 | +€8,882 | +16.3% |
| Amounts payable within one year | 42/48 | €54,349 | €63,232 | +€8,882 | +16.3% |
| Trade debts | 44 | €12,690 | €14,709 | +€2,019 | +15.9% |
| Suppliers | 440/4 | €12,690 | €14,709 | +€2,019 | +15.9% |
| Taxes, remuneration and social security | 45 | €21,487 | €48,369 | +€26,882 | +125.1% |
| Taxes | 450/3 | €21,487 | €48,369 | +€26,882 | +125.1% |
| Other amounts payable | 47/48 | €20,173 | €154 | -€20,019 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,350 | €882 | -€3,468 | -79.7% |
| Other operating charges | 640/8 | €301 | €688 | +€387 | +128.4% |
| Non-recurring operating charges | 66A | - | €836 | +€836 | |
| Gross operating margin | 9900 | €39,019 | €58,005 | +€18,986 | +48.7% |
| Operating profit (loss) | 9901 | €34,368 | €55,600 | +€21,232 | +61.8% |
| Financial charges | 65/66B | €103 | €96 | -€7 | -7.0% |
| Recurring financial charges | 65 | €103 | €96 | -€7 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €34,265 | €55,504 | +€21,239 | +62.0% |
| Income taxes | 67/77 | €9,397 | €19,901 | +€10,504 | +111.8% |
| Profit (loss) for the period | 9904 | €24,869 | €35,603 | +€10,734 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,869 | €35,603 | +€10,734 | +43.2% |
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.