G.E.S. TAX ADVISOR: what changed
Two financial 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.
G.E.S. TAX ADVISOR
Largest movements
- Tangible fixed assets +€76,879
up €76,879 (+3,881%), from €1,981 to €78,860
of which Land and buildings: +€77,271
- Cash +€20,700
up €20,700 (+29.7%), from €69,762 to €90,462
mainly Debts after one year (+€76,258) and Net result for the year (+€34,912)
- Receivables within one year +€2,460
up €2,460 (+253%), from €974 to €3,433
- Debts after one year +€76,258
new in 2025: €76,258
- Profit (loss) carried forward +€9,912
up €9,912 (+651%), from €1,522 to €11,434
- Other debts +€9,560
up €9,560 (+20.5%), from €46,532 to €56,092
- Current portion of long-term debt +€7,200
new in 2025: €7,200
- Tax, wage and social debts -€2,942
down €2,942 (-14.5%), from €20,221 to €17,279
- Depreciation +€19,847
up €19,847 (+421%), from €4,711 to €24,558
- Gross operating margin +€9,297
up €9,297 (+15.2%), from €61,009 to €70,307
- Taxes -€2,486
down €2,486 (-20.7%), from €12,026 to €9,540
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.
Derived cash bridge
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 | €73,330 | €173,358 | +€100,029 | +136% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,981 | €78,860 | +€76,879 | +3,881% |
| Tangible fixed assets | 22/27 | €1,981 | €78,860 | +€76,879 | +3,881% |
| Land and buildings | 22 | - | €77,271 | +€77,271 | |
| Furniture and vehicles | 24 | €1,981 | €1,589 | -€392 | -19.8% |
| Current assets | 29/58 | €71,349 | €94,498 | +€23,150 | +32.4% |
| Amounts receivable within one year | 40/41 | €974 | €3,433 | +€2,460 | +253% |
| Other amounts receivable | 41 | €974 | €3,433 | +€2,460 | +253% |
| Cash at bank and in hand | 54/58 | €69,762 | €90,462 | +€20,700 | +29.7% |
| Deferred charges and accrued income | 490/1 | €613 | €603 | -€10 | -1.7% |
| Total equity and liabilities | 10/49 | €73,330 | €173,358 | +€100,029 | +136% |
| Equity | 10/15 | €6,522 | €16,434 | +€9,912 | +152% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,522 | €11,434 | +€9,912 | +651% |
| Amounts payable | 17/49 | €66,808 | €156,924 | +€90,116 | +135% |
| Amounts payable after more than one year | 17 | - | €76,258 | +€76,258 | |
| Financial debts | 170/4 | - | €76,258 | +€76,258 | |
| Amounts payable within one year | 42/48 | €66,808 | €80,666 | +€13,859 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,200 | +€7,200 | |
| Trade debts | 44 | €55 | €95 | +€40 | +73.4% |
| Suppliers | 440/4 | €55 | €95 | +€40 | +73.4% |
| Taxes, remuneration and social security | 45 | €20,221 | €17,279 | -€2,942 | -14.5% |
| Taxes | 450/3 | €20,221 | €17,279 | -€2,942 | -14.5% |
| Other amounts payable | 47/48 | €46,532 | €56,092 | +€9,560 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,711 | €24,558 | +€19,847 | +421% |
| Other operating charges | 640/8 | €256 | €264 | +€8 | +3.0% |
| Gross operating margin | 9900 | €61,009 | €70,307 | +€9,297 | +15.2% |
| Operating profit (loss) | 9901 | €56,042 | €45,485 | -€10,557 | -18.8% |
| Financial charges | 65/66B | €396 | €1,032 | +€636 | +161% |
| Recurring financial charges | 65 | €396 | €1,032 | +€636 | +161% |
| Profit (loss) for the period before taxes | 9903 | €55,646 | €44,453 | -€11,193 | -20.1% |
| Income taxes | 67/77 | €12,026 | €9,540 | -€2,486 | -20.7% |
| Profit (loss) for the period | 9904 | €43,620 | €34,912 | -€8,707 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,620 | €34,912 | -€8,707 | -20.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.