GESAFIN & PARTNERS: 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.
What changed
GESAFIN & PARTNERS
NACE 69.201, Certified accountants and tax accountants
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€7,634
2023 · €571,982-€579,616
Equity
€776,850
2023 · €784,485-€7,634
Cash
€1,397
2023 · €5,929-€4,532
Balance sheet total
€1.2m
2023 · €1.0m+€221,057
Largest movements
Assets
- Tangible fixed assets +€509,529
up €509,529 (+43,423%), from €1,173 to €510,703
of which Plant, machinery and equipment: +€510,000
- Current investments -€350,000
no longer reported in 2024 (was €350,000)
- Receivables within one year +€65,781
up €65,781 (+10.0%), from €660,046 to €725,827
of which Other amounts receivable: +€70,714
Equity and liabilities
- Short-term financial debts +€195,230
up €195,230 (+837%), from €23,333 to €218,564
- Debts after one year +€37,681
new in 2024: €37,681
Income statement
- Gross operating margin -€869,338
down €869,338 (-99.3%), from €875,885 to €6,547
- Staff costs -€61,137
no longer reported in 2024 (was €61,137)
- Other operating charges -€40,584
down €40,584 (-85.3%), from €47,552 to €6,968
- Write-downs +€15,149
no longer reported in 2024 (was -€15,149)
- Financial income +€12,939
up €12,939 (+4,658%), from €278 to €13,217
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.
Result 2023
€571,982
Gross operating margin
-€869,338
Staff costs
+€61,137
Depreciation
+€3,163
Write-downs
-€15,149
Other operating charges
+€40,584
Financial income
+€12,939
Financial charges
+€101
Taxes
-€1,981
Deferred taxes and other
+€188,927
Result 2024
-€7,634
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
-€73,246
Investment
-€160,000
Financing
+€228,714
Cash 2023
€5,929
From operations (derived)
-€73,246
Net result for the year
-€7,634
Depreciation
+€471
Receivables within one year
-€65,781
Smaller working-capital items
-€1,730
Trade debts
+€1,429
Investment (derived)
-€160,000
Investment in fixed assets (net)
-€510,000
Current investments
+€350,000
Financing
+€228,714
Debts after one year
+€37,681
Current portion of long-term debt
-€4,197
Short-term financial debts
+€195,230
Cash 2024
€1,397
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,017,899 | €1,238,957 | +€221,057 | +21.7% |
| Fixed assets | 21/28 | €1,173 | €510,703 | +€509,529 | +43,423% |
| Tangible fixed assets | 22/27 | €1,173 | €510,703 | +€509,529 | +43,423% |
| Plant, machinery and equipment | 23 | - | €510,000 | +€510,000 | |
| Furniture and vehicles | 24 | €1,173 | €703 | -€471 | -40.1% |
| Current assets | 29/58 | €1,016,726 | €728,254 | -€288,472 | -28.4% |
| Amounts receivable within one year | 40/41 | €660,046 | €725,827 | +€65,781 | +10.0% |
| Trade receivables | 40 | €16,275 | €11,343 | -€4,932 | -30.3% |
| Other amounts receivable | 41 | €643,771 | €714,484 | +€70,714 | +11.0% |
| Current investments | 50/53 | €350,000 | - | -€350,000 | |
| Cash at bank and in hand | 54/58 | €5,929 | €1,397 | -€4,532 | -76.4% |
| Deferred charges and accrued income | 490/1 | €750 | €1,029 | +€279 | +37.2% |
| Total equity and liabilities | 10/49 | €1,017,899 | €1,238,957 | +€221,057 | +21.7% |
| Equity | 10/15 | €784,485 | €776,850 | -€7,634 | -1.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €578,052 | €578,052 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,200 | €11,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,200 | €11,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €566,852 | €566,852 | = | 0.0% |
| Profit (loss) carried forward | 14 | €186,432 | €178,798 | -€7,634 | -4.1% |
| Provisions and deferred taxes | 16 | €188,927 | €188,927 | = | 0.0% |
| Deferred taxes | 168 | €188,927 | €188,927 | = | 0.0% |
| Amounts payable | 17/49 | €44,487 | €273,179 | +€228,692 | +514% |
| Amounts payable after more than one year | 17 | - | €37,681 | +€37,681 | |
| Financial debts | 170/4 | - | €37,681 | +€37,681 | |
| Amounts payable within one year | 42/48 | €44,487 | €235,499 | +€191,011 | +429% |
| Current portion of amounts payable after more than one year | 42 | €13,502 | €9,304 | -€4,197 | -31.1% |
| Financial debts | 43 | €23,333 | €218,564 | +€195,230 | +837% |
| Credit institutions | 430/8 | €23,333 | €218,564 | +€195,230 | +837% |
| Trade debts | 44 | €3,117 | €4,546 | +€1,429 | +45.9% |
| Suppliers | 440/4 | €3,117 | €4,546 | +€1,429 | +45.9% |
| Taxes, remuneration and social security | 45 | €4,152 | €3,085 | -€1,067 | -25.7% |
| Taxes | 450/3 | €4,152 | €3,085 | -€1,067 | -25.7% |
| Other amounts payable | 47/48 | €384 | - | -€384 | |
| Remuneration, social security and pensions | 62 | €61,137 | - | -€61,137 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,634 | €471 | -€3,163 | -87.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€15,149 | - | +€15,149 | |
| Other operating charges | 640/8 | €47,552 | €6,968 | -€40,584 | -85.3% |
| Gross operating margin | 9900 | €875,885 | €6,547 | -€869,338 | -99.3% |
| Operating profit (loss) | 9901 | €778,711 | -€892 | -€779,603 | |
| Financial income | 75/76B | €278 | €13,217 | +€12,939 | +4,658% |
| Recurring financial income | 75 | €278 | €13,217 | +€12,939 | +4,658% |
| Financial charges | 65/66B | €6,299 | €6,198 | -€101 | -1.6% |
| Recurring financial charges | 65 | €6,299 | €6,198 | -€101 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €772,690 | €6,127 | -€766,563 | -99.2% |
| Transfer to deferred taxes | 680 | €188,927 | - | -€188,927 | |
| Income taxes | 67/77 | €11,781 | €13,762 | +€1,981 | +16.8% |
| Profit (loss) for the period | 9904 | €571,982 | -€7,634 | -€579,616 | |
| Transfer to tax-exempt reserves | 689 | €566,781 | - | -€566,781 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,200 | -€7,634 | -€12,835 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.