BO - 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.
BO - GEST
Largest movements
- Tangible fixed assets -€11,418
down €11,418 (-17.6%), from €65,015 to €53,597
of which Leasing and similar rights: -€6,934
- Receivables within one year -€1,679
down €1,679 (-64.2%), from €2,613 to €934
of which Trade receivables: -€2,613
- Cash +€881
new in 2025: €881
mainly Depreciation (+€8,849) and Investment in fixed assets (net) (+€2,569)
- Deferred charges and accrued income +€836
up €836 (+54.2%), from €1,542 to €2,378
- Contributions +€6,200
up €6,200 (+10.0%), from €62,000 to €68,200
- Reserves -€6,200
no longer reported in 2025 (was €6,200)
- Debts after one year -€5,504
down €5,504 (-51.6%), from €10,658 to €5,155
- Other debts -€4,682
no longer reported in 2025 (was €4,682)
- Tax, wage and social debts -€1,844
down €1,844 (-45.3%), from €4,066 to €2,222
- Gross operating margin -€8,182
down €8,182 (-34.0%), from €24,068 to €15,886
- Depreciation -€3,032
down €3,032 (-25.5%), from €11,881 to €8,849
- Other operating charges -€2,375
down €2,375 (-37.9%), from €6,268 to €3,894
- Financial charges -€418
down €418 (-23.6%), from €1,772 to €1,354
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 | €69,170 | €57,790 | -€11,380 | -16.5% |
| Fixed assets | 21/28 | €65,015 | €53,597 | -€11,418 | -17.6% |
| Tangible fixed assets | 22/27 | €65,015 | €53,597 | -€11,418 | -17.6% |
| Land and buildings | 22 | €39,956 | €39,730 | -€226 | -0.6% |
| Plant, machinery and equipment | 23 | €2,946 | - | -€2,946 | |
| Furniture and vehicles | 24 | €1,311 | - | -€1,311 | |
| Leasing and similar rights | 25 | €20,801 | €13,867 | -€6,934 | -33.3% |
| Current assets | 29/58 | €4,155 | €4,193 | +€38 | +0.9% |
| Amounts receivable within one year | 40/41 | €2,613 | €934 | -€1,679 | -64.2% |
| Trade receivables | 40 | €2,613 | - | -€2,613 | |
| Other amounts receivable | 41 | - | €934 | +€934 | |
| Cash at bank and in hand | 54/58 | - | €881 | +€881 | |
| Deferred charges and accrued income | 490/1 | €1,542 | €2,378 | +€836 | +54.2% |
| Total equity and liabilities | 10/49 | €69,170 | €57,790 | -€11,380 | -16.5% |
| Equity | 10/15 | €43,210 | €44,618 | +€1,408 | +3.3% |
| Contributions | 10/11 | €62,000 | €68,200 | +€6,200 | +10.0% |
| Reserves | 13 | €6,200 | - | -€6,200 | |
| Distributable reserves | 133 | €6,200 | - | -€6,200 | |
| Profit (loss) carried forward | 14 | -€24,990 | -€23,582 | +€1,408 | +5.6% |
| Amounts payable | 17/49 | €25,960 | €13,172 | -€12,788 | -49.3% |
| Amounts payable after more than one year | 17 | €10,658 | €5,155 | -€5,504 | -51.6% |
| Financial debts | 170/4 | €10,658 | €5,155 | -€5,504 | -51.6% |
| Amounts payable within one year | 42/48 | €15,302 | €8,018 | -€7,284 | -47.6% |
| Current portion of amounts payable after more than one year | 42 | €5,080 | €5,504 | +€424 | +8.3% |
| Financial debts | 43 | €302 | - | -€302 | |
| Credit institutions | 430/8 | €302 | - | -€302 | |
| Trade debts | 44 | €1,172 | €292 | -€880 | -75.1% |
| Suppliers | 440/4 | €1,172 | €292 | -€880 | -75.1% |
| Taxes, remuneration and social security | 45 | €4,066 | €2,222 | -€1,844 | -45.3% |
| Taxes | 450/3 | €4,066 | €2,222 | -€1,844 | -45.3% |
| Other amounts payable | 47/48 | €4,682 | - | -€4,682 | |
| Non-recurring operating income | 76A | - | €279 | +€279 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,881 | €8,849 | -€3,032 | -25.5% |
| Other operating charges | 640/8 | €6,268 | €3,894 | -€2,375 | -37.9% |
| Gross operating margin | 9900 | €24,068 | €15,886 | -€8,182 | -34.0% |
| Operating profit (loss) | 9901 | €5,919 | €3,144 | -€2,774 | -46.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -90.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -90.0% |
| Financial charges | 65/66B | €1,772 | €1,354 | -€418 | -23.6% |
| Recurring financial charges | 65 | €1,772 | €1,354 | -€418 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €4,147 | €1,790 | -€2,357 | -56.8% |
| Income taxes | 67/77 | €320 | €382 | +€62 | +19.3% |
| Profit (loss) for the period | 9904 | €3,827 | €1,408 | -€2,419 | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,827 | €1,408 | -€2,419 | -63.2% |
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 3 October 2026 via checked.be.