C-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.
C-GEST
Largest movements
- Tangible fixed assets -€35,457
down €35,457 (-6.2%), from €570,991 to €535,534
of which Land and buildings: -€20,453
- Cash +€18,523
up €18,523 (+29.0%), from €63,814 to €82,337
mainly Depreciation (+€41,543) and Net result for the year (+€28,476)
- Debts after one year -€38,982
down €38,982 (-11.3%), from €346,061 to €307,079
- Reserves +€28,400
up €28,400 (+6.8%), from €416,900 to €445,300
- Gross operating margin -€27,192
down €27,192 (-18.5%), from €146,988 to €119,796
- Financial charges +€9,209
up €9,209 (+25.2%), from €36,548 to €45,756
- Taxes -€6,037
down €6,037 (-27.3%), from €22,152 to €16,114
- Financial income +€5,000
up €5,000 (+50.0%), from €10,000 to €15,000
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 | €1,007,925 | €999,533 | -€8,392 | -0.8% |
| Fixed assets | 21/28 | €886,619 | €851,162 | -€35,457 | -4.0% |
| Tangible fixed assets | 22/27 | €570,991 | €535,534 | -€35,457 | -6.2% |
| Land and buildings | 22 | €516,125 | €495,672 | -€20,453 | -4.0% |
| Furniture and vehicles | 24 | €54,866 | €39,862 | -€15,004 | -27.3% |
| Financial fixed assets | 28 | €315,628 | €315,628 | = | 0.0% |
| Current assets | 29/58 | €121,306 | €148,370 | +€27,065 | +22.3% |
| Amounts receivable within one year | 40/41 | €56,000 | €64,727 | +€8,727 | +15.6% |
| Trade receivables | 40 | €11,000 | €11,000 | = | 0.0% |
| Other amounts receivable | 41 | €45,000 | €53,727 | +€8,727 | +19.4% |
| Cash at bank and in hand | 54/58 | €63,814 | €82,337 | +€18,523 | +29.0% |
| Deferred charges and accrued income | 490/1 | €1,492 | €1,307 | -€185 | -12.4% |
| Total equity and liabilities | 10/49 | €1,007,925 | €999,533 | -€8,392 | -0.8% |
| Equity | 10/15 | €435,560 | €464,036 | +€28,476 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €416,900 | €445,300 | +€28,400 | +6.8% |
| Distributable reserves | 133 | €416,900 | €445,300 | +€28,400 | +6.8% |
| Profit (loss) carried forward | 14 | €60 | €136 | +€76 | +128.2% |
| Amounts payable | 17/49 | €572,365 | €535,497 | -€36,869 | -6.4% |
| Amounts payable after more than one year | 17 | €346,061 | €307,079 | -€38,982 | -11.3% |
| Financial debts | 170/4 | €346,061 | €307,079 | -€38,982 | -11.3% |
| Amounts payable within one year | 42/48 | €217,034 | €215,128 | -€1,906 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €38,343 | €38,982 | +€639 | +1.7% |
| Financial debts | 43 | €952 | €0 | -€952 | -100.0% |
| Credit institutions | 430/8 | €952 | €0 | -€952 | -100.0% |
| Trade debts | 44 | €359 | €6,881 | +€6,522 | +1816.7% |
| Suppliers | 440/4 | €359 | €6,881 | +€6,522 | +1816.7% |
| Taxes, remuneration and social security | 45 | €8,652 | €1,500 | -€7,152 | -82.7% |
| Taxes | 450/3 | €8,652 | €1,500 | -€7,152 | -82.7% |
| Other amounts payable | 47/48 | €168,728 | €167,765 | -€963 | -0.6% |
| Accrued charges and deferred income | 492/3 | €9,270 | €13,290 | +€4,019 | +43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,935 | €41,543 | +€608 | +1.5% |
| Other operating charges | 640/8 | €2,356 | €2,905 | +€550 | +23.3% |
| Gross operating margin | 9900 | €146,988 | €119,796 | -€27,192 | -18.5% |
| Operating profit (loss) | 9901 | €103,697 | €75,347 | -€28,349 | -27.3% |
| Financial income | 75/76B | €10,000 | €15,000 | +€5,000 | +50.0% |
| Recurring financial income | 75 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Financial charges | 65/66B | €36,548 | €45,756 | +€9,209 | +25.2% |
| Recurring financial charges | 65 | €36,548 | €45,756 | +€9,209 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €77,149 | €44,591 | -€32,558 | -42.2% |
| Income taxes | 67/77 | €22,152 | €16,114 | -€6,037 | -27.3% |
| Profit (loss) for the period | 9904 | €54,997 | €28,476 | -€26,521 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,997 | €28,476 | -€26,521 | -48.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.