GESA: 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.
GESA
Largest movements
- Receivables within one year +€26,904
up €26,904 (+2989.4%), from €900 to €27,804
of which Trade receivables: +€25,708
- Tangible fixed assets -€13,756
down €13,756 (-3.8%), from €361,757 to €348,001
of which Land and buildings: -€12,350
- Other debts +€29,369
up €29,369 (+21.1%), from €139,161 to €168,530
- Debts after one year -€23,440
down €23,440 (-9.8%), from €238,023 to €214,583
- Profit (loss) carried forward +€7,193
up €7,193 (+14.2%), from -€50,523 to -€43,330
- Gross operating margin +€6,824
up €6,824 (+29.4%), from €23,248 to €30,072
- Other operating charges -€1,753
down €1,753 (-88.1%), from €1,991 to €238
- Financial charges +€434
up €434 (+5.1%), from €8,452 to €8,886
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €366,249 | €378,355 | +€12,106 | +3.3% |
| Fixed assets | 21/28 | €361,757 | €348,001 | -€13,756 | -3.8% |
| Tangible fixed assets | 22/27 | €361,757 | €348,001 | -€13,756 | -3.8% |
| Land and buildings | 22 | €358,430 | €346,080 | -€12,350 | -3.4% |
| Furniture and vehicles | 24 | €446 | - | -€446 | |
| Other tangible fixed assets | 26 | €2,882 | €1,921 | -€961 | -33.3% |
| Current assets | 29/58 | €4,492 | €30,354 | +€25,862 | +575.8% |
| Amounts receivable within one year | 40/41 | €900 | €27,804 | +€26,904 | +2989.4% |
| Trade receivables | 40 | - | €25,708 | +€25,708 | |
| Other amounts receivable | 41 | €900 | €2,096 | +€1,196 | +132.9% |
| Cash at bank and in hand | 54/58 | €3,592 | €2,550 | -€1,042 | -29.0% |
| Total equity and liabilities | 10/49 | €366,249 | €378,355 | +€12,106 | +3.3% |
| Equity | 10/15 | -€44,323 | -€37,130 | +€7,193 | +16.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,523 | -€43,330 | +€7,193 | +14.2% |
| Amounts payable | 17/49 | €410,571 | €415,485 | +€4,914 | +1.2% |
| Amounts payable after more than one year | 17 | €238,023 | €214,583 | -€23,440 | -9.8% |
| Financial debts | 170/4 | €238,023 | €214,583 | -€23,440 | -9.8% |
| Amounts payable within one year | 42/48 | €172,548 | €200,902 | +€28,354 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €22,739 | €23,440 | +€701 | +3.1% |
| Trade debts | 44 | €7,647 | €8,932 | +€1,284 | +16.8% |
| Suppliers | 440/4 | €7,647 | €8,932 | +€1,284 | +16.8% |
| Taxes, remuneration and social security | 45 | €3,000 | - | -€3,000 | |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €139,161 | €168,530 | +€29,369 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,983 | €13,756 | -€227 | -1.6% |
| Other operating charges | 640/8 | €1,991 | €238 | -€1,753 | -88.1% |
| Gross operating margin | 9900 | €23,248 | €30,072 | +€6,824 | +29.4% |
| Operating profit (loss) | 9901 | €7,273 | €16,078 | +€8,805 | +121.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +262.5% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +262.5% |
| Financial charges | 65/66B | €8,452 | €8,886 | +€434 | +5.1% |
| Recurring financial charges | 65 | €8,452 | €8,886 | +€434 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,178 | €7,193 | +€8,371 | |
| Profit (loss) for the period | 9904 | -€1,178 | €7,193 | +€8,371 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,178 | €7,193 | +€8,371 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.