GESAPA: 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.
GESAPA
Largest movements
- Cash -€107,099
down €107,099 (-47.0%), from €228,055 to €120,957
mainly Contributions, distributions and other (-€142,000) and Receivables within one year (-€32,833)
- Receivables within one year +€32,833
up €32,833 (+53.1%), from €61,793 to €94,626
of which Trade receivables: +€27,316
- Deferred charges and accrued income +€3,555
new in 2024: €3,555
- Profit (loss) carried forward -€68,475
down €68,475 (-29.7%), from €230,728 to €162,253
- Tax, wage and social debts -€13,774
down €13,774 (-26.8%), from €51,400 to €37,627
- Trade debts +€12,269
up €12,269 (+1383.0%), from €887 to €13,156
- Gross operating margin -€31,515
down €31,515 (-24.5%), from €128,719 to €97,204
- Taxes -€7,468
down €7,468 (-27.9%), from €26,728 to €19,260
- Depreciation +€1,412
up €1,412 (+63.0%), from €2,243 to €3,655
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 | €299,855 | €230,639 | -€69,216 | -23.1% |
| Fixed assets | 21/28 | €10,007 | €11,502 | +€1,494 | +14.9% |
| Tangible fixed assets | 22/27 | €10,007 | €11,502 | +€1,494 | +14.9% |
| Furniture and vehicles | 24 | €7,366 | €9,144 | +€1,777 | +24.1% |
| Other tangible fixed assets | 26 | €2,641 | €2,358 | -€283 | -10.7% |
| Current assets | 29/58 | €289,848 | €219,137 | -€70,711 | -24.4% |
| Amounts receivable within one year | 40/41 | €61,793 | €94,626 | +€32,833 | +53.1% |
| Trade receivables | 40 | €54,656 | €81,972 | +€27,316 | +50.0% |
| Other amounts receivable | 41 | €7,136 | €12,654 | +€5,517 | +77.3% |
| Cash at bank and in hand | 54/58 | €228,055 | €120,957 | -€107,099 | -47.0% |
| Deferred charges and accrued income | 490/1 | - | €3,555 | +€3,555 | |
| Total equity and liabilities | 10/49 | €299,855 | €230,639 | -€69,216 | -23.1% |
| Equity | 10/15 | €235,728 | €167,253 | -€68,475 | -29.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €230,728 | €162,253 | -€68,475 | -29.7% |
| Amounts payable | 17/49 | €64,127 | €63,386 | -€741 | -1.2% |
| Amounts payable within one year | 42/48 | €64,127 | €63,386 | -€741 | -1.2% |
| Trade debts | 44 | €887 | €13,156 | +€12,269 | +1383.0% |
| Suppliers | 440/4 | €887 | €13,156 | +€12,269 | +1383.0% |
| Taxes, remuneration and social security | 45 | €51,400 | €37,627 | -€13,774 | -26.8% |
| Taxes | 450/3 | €51,400 | €37,627 | -€13,774 | -26.8% |
| Other amounts payable | 47/48 | €11,840 | €12,603 | +€764 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,243 | €3,655 | +€1,412 | +63.0% |
| Other operating charges | 640/8 | €384 | €668 | +€284 | +73.9% |
| Gross operating margin | 9900 | €128,719 | €97,204 | -€31,515 | -24.5% |
| Operating profit (loss) | 9901 | €126,092 | €92,881 | -€33,211 | -26.3% |
| Financial charges | 65/66B | €47 | €96 | +€49 | +103.4% |
| Recurring financial charges | 65 | €47 | €96 | +€49 | +103.4% |
| Profit (loss) for the period before taxes | 9903 | €126,044 | €92,784 | -€33,260 | -26.4% |
| Income taxes | 67/77 | €26,728 | €19,260 | -€7,468 | -27.9% |
| Profit (loss) for the period | 9904 | €99,316 | €73,525 | -€25,792 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €99,316 | €73,525 | -€25,792 | -26.0% |
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 29 September 2026 via checked.be.