Gearstep: 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.
Gearstep
Largest movements
- Cash -€11,603
down €11,603 (-93.3%), from €12,433 to €830
mainly Net result for the year (-€11,176) and Investment in fixed assets (net) (-€10,329)
- Receivables within one year +€8,259
up €8,259 (+66.7%), from €12,390 to €20,649
of which Trade receivables: +€7,971
- Tangible fixed assets -€1,706
down €1,706 (-15.3%), from €11,166 to €9,460
of which Leasing and similar rights: -€10,111
- Profit (loss) carried forward -€11,176
down €11,176 (-51.5%), from -€21,687 to -€32,864
- Current portion of long-term debt -€10,181
down €10,181 (-100.0%), from €10,181 to €0
- Other debts +€9,836
up €9,836 (+105.8%), from €9,296 to €19,132
- Trade debts +€7,002
up €7,002 (+203.8%), from €3,436 to €10,438
- Tax, wage and social debts -€581
down €581 (-62.4%), from €931 to €350
- Depreciation -€2,064
down €2,064 (-14.6%), from €14,098 to €12,034
- Gross operating margin -€1,771
down €1,771 (-38.4%), from €4,615 to €2,844
- Other operating charges +€1,313
up €1,313 (+722.7%), from €182 to €1,494
- Financial charges -€234
down €234 (-41.8%), from €559 to €325
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 | €36,039 | €30,939 | -€5,100 | -14.2% |
| Fixed assets | 21/28 | €11,166 | €9,460 | -€1,706 | -15.3% |
| Tangible fixed assets | 22/27 | €11,166 | €9,460 | -€1,706 | -15.3% |
| Plant, machinery and equipment | 23 | €270 | €0 | -€270 | -100.0% |
| Furniture and vehicles | 24 | €785 | €9,460 | +€8,675 | +1105.5% |
| Leasing and similar rights | 25 | €10,111 | €0 | -€10,111 | -100.0% |
| Current assets | 29/58 | €24,873 | €21,479 | -€3,394 | -13.6% |
| Amounts receivable within one year | 40/41 | €12,390 | €20,649 | +€8,259 | +66.7% |
| Trade receivables | 40 | €12,390 | €20,361 | +€7,971 | +64.3% |
| Other amounts receivable | 41 | - | €288 | +€288 | |
| Cash at bank and in hand | 54/58 | €12,433 | €830 | -€11,603 | -93.3% |
| Deferred charges and accrued income | 490/1 | €51 | €0 | -€51 | -100.0% |
| Total equity and liabilities | 10/49 | €36,039 | €30,939 | -€5,100 | -14.2% |
| Equity | 10/15 | €12,195 | €1,019 | -€11,176 | -91.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €30,883 | €30,883 | = | 0.0% |
| Distributable reserves | 133 | €30,883 | €30,883 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,687 | -€32,864 | -€11,176 | -51.5% |
| Amounts payable | 17/49 | €23,844 | €29,920 | +€6,076 | +25.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €23,844 | €29,920 | +€6,076 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €10,181 | €0 | -€10,181 | -100.0% |
| Trade debts | 44 | €3,436 | €10,438 | +€7,002 | +203.8% |
| Suppliers | 440/4 | €3,436 | €10,438 | +€7,002 | +203.8% |
| Taxes, remuneration and social security | 45 | €931 | €350 | -€581 | -62.4% |
| Taxes | 450/3 | €931 | €350 | -€581 | -62.4% |
| Other amounts payable | 47/48 | €9,296 | €19,132 | +€9,836 | +105.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,098 | €12,034 | -€2,064 | -14.6% |
| Other operating charges | 640/8 | €182 | €1,494 | +€1,313 | +722.7% |
| Gross operating margin | 9900 | €4,615 | €2,844 | -€1,771 | -38.4% |
| Operating profit (loss) | 9901 | -€9,664 | -€10,685 | -€1,020 | -10.6% |
| Financial charges | 65/66B | €559 | €325 | -€234 | -41.8% |
| Recurring financial charges | 65 | €559 | €325 | -€234 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,223 | -€11,010 | -€787 | -7.7% |
| Income taxes | 67/77 | €184 | €167 | -€17 | -9.3% |
| Profit (loss) for the period | 9904 | -€10,407 | -€11,176 | -€770 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,407 | -€11,176 | -€770 | -7.4% |
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 12 October 2026 via checked.be.