GESCKA: 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.
What changed
GESCKA
NACE 69.201, Certified accountants and tax accountants
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€3,788
2025 · €62,472-€58,684
Equity
€271,648
2025 · €268,859+€2,788
Cash
€16,366
2025 · €14,610+€1,756
Balance sheet total
€505,502
2025 · €609,227-€103,725
Largest movements
Assets
- Receivables within one year -€200,554
down €200,554 (-40.9%), from €490,012 to €289,458
of which Trade receivables: -€202,110
- Current investments +€125,000
new in 2026: €125,000
- Tangible fixed assets -€34,379
down €34,379 (-38.0%), from €90,499 to €56,120
Equity and liabilities
- Other debts -€67,578
down €67,578 (-25.7%), from €263,414 to €195,836
- Tax, wage and social debts -€18,971
down €18,971 (-79.2%), from €23,956 to €4,985
of which Taxes: -€18,962
- Debts after one year -€10,116
down €10,116 (-33.6%), from €30,131 to €20,016
Income statement
- Gross operating margin -€106,455
down €106,455 (-46.8%), from €227,439 to €120,984
- Staff costs -€60,094
down €60,094 (-75.6%), from €79,477 to €19,383
- Financial charges +€35,599
up €35,599 (+101.1%), from €35,226 to €70,825
of which Non-recurring financial charges: +€36,897
- Taxes -€23,083
down €23,083 (-84.0%), from €27,484 to €4,401
From the 2025 result to the 2026 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 2025
€62,472
Gross operating margin
-€106,455
Staff costs
+€60,094
Depreciation
-€1,701
Other operating charges
+€760
Financial income
+€1,134
Financial charges
-€35,599
Taxes
+€23,083
Result 2026
€3,788
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€126,468
Investment
-€111,242
Financing
-€13,469
Cash 2025
€14,610
From operations (derived)
+€126,468
Net result for the year
+€3,788
Depreciation
+€20,622
Receivables within one year
+€200,554
Deferred charges and accrued income
-€4,453
Trade debts
-€5,738
Tax, wage and social debts
-€18,971
Other debts
-€67,578
Accrued charges and deferred income
-€1,757
Investment (derived)
-€111,242
Investment in fixed assets (net)
+€13,758
Current investments
-€125,000
Financing
-€13,469
Debts after one year
-€10,116
Current portion of long-term debt
-€4,847
Short-term financial debts
+€2,493
Contributions, distributions and other
-€1,000
Cash 2026
€16,366
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €609,227 | €505,502 | -€103,725 | -17.0% |
| Fixed assets | 21/28 | €90,604 | €56,225 | -€34,379 | -37.9% |
| Tangible fixed assets | 22/27 | €90,499 | €56,120 | -€34,379 | -38.0% |
| Land and buildings | 22 | €9,640 | €1,882 | -€7,759 | -80.5% |
| Plant, machinery and equipment | 23 | €26,589 | €22,242 | -€4,347 | -16.3% |
| Furniture and vehicles | 24 | €18,195 | €3,261 | -€14,934 | -82.1% |
| Leasing and similar rights | 25 | €36,075 | €28,735 | -€7,340 | -20.3% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €518,622 | €449,277 | -€69,345 | -13.4% |
| Amounts receivable within one year | 40/41 | €490,012 | €289,458 | -€200,554 | -40.9% |
| Trade receivables | 40 | €476,783 | €274,673 | -€202,110 | -42.4% |
| Other amounts receivable | 41 | €13,228 | €14,785 | +€1,556 | +11.8% |
| Current investments | 50/53 | - | €125,000 | +€125,000 | |
| Cash at bank and in hand | 54/58 | €14,610 | €16,366 | +€1,756 | +12.0% |
| Deferred charges and accrued income | 490/1 | €14,000 | €18,453 | +€4,453 | +31.8% |
| Total equity and liabilities | 10/49 | €609,227 | €505,502 | -€103,725 | -17.0% |
| Equity | 10/15 | €268,859 | €271,648 | +€2,788 | +1.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €256,360 | €258,860 | +€2,500 | +1.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €254,500 | €257,000 | +€2,500 | +1.0% |
| Profit (loss) carried forward | 14 | €99 | €388 | +€288 | +290.4% |
| Amounts payable | 17/49 | €340,367 | €233,854 | -€106,513 | -31.3% |
| Amounts payable after more than one year | 17 | €30,131 | €20,016 | -€10,116 | -33.6% |
| Financial debts | 170/4 | €30,131 | €20,016 | -€10,116 | -33.6% |
| Amounts payable within one year | 42/48 | €308,479 | €213,839 | -€94,640 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €11,470 | €6,623 | -€4,847 | -42.3% |
| Financial debts | 43 | €1,743 | €4,236 | +€2,493 | +143.1% |
| Credit institutions | 430/8 | €1,743 | €4,236 | +€2,493 | +143.1% |
| Trade debts | 44 | €7,896 | €2,158 | -€5,738 | -72.7% |
| Suppliers | 440/4 | €7,896 | €2,158 | -€5,738 | -72.7% |
| Taxes, remuneration and social security | 45 | €23,956 | €4,985 | -€18,971 | -79.2% |
| Taxes | 450/3 | €23,947 | €4,985 | -€18,962 | -79.2% |
| Remuneration and social security | 454/9 | €9 | - | -€9 | |
| Other amounts payable | 47/48 | €263,414 | €195,836 | -€67,578 | -25.7% |
| Accrued charges and deferred income | 492/3 | €1,757 | - | -€1,757 | |
| Non-recurring operating income | 76A | €139,818 | €1,242 | -€138,576 | -99.1% |
| Remuneration, social security and pensions | 62 | €79,477 | €19,383 | -€60,094 | -75.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,921 | €20,622 | +€1,701 | +9.0% |
| Other operating charges | 640/8 | €3,859 | €3,099 | -€760 | -19.7% |
| Gross operating margin | 9900 | €227,439 | €120,984 | -€106,455 | -46.8% |
| Operating profit (loss) | 9901 | €125,182 | €77,880 | -€47,302 | -37.8% |
| Financial income | 75/76B | - | €1,134 | +€1,134 | |
| Recurring financial income | 75 | - | €1,134 | +€1,134 | |
| Financial charges | 65/66B | €35,226 | €70,825 | +€35,599 | +101.1% |
| Recurring financial charges | 65 | €7,453 | €6,155 | -€1,299 | -17.4% |
| Non-recurring financial charges | 66B | €27,773 | €64,670 | +€36,897 | +132.9% |
| Profit (loss) for the period before taxes | 9903 | €89,956 | €8,189 | -€81,767 | -90.9% |
| Income taxes | 67/77 | €27,484 | €4,401 | -€23,083 | -84.0% |
| Profit (loss) for the period | 9904 | €62,472 | €3,788 | -€58,684 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €62,472 | €3,788 | -€58,684 | -93.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.