GESCOLIB: 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.
GESCOLIB
Largest movements
- Cash +€48,261
up €48,261 (+54.5%), from €88,543 to €136,803
mainly Net result for the year (+€103,298) and Other debts (+€53,298)
- Receivables within one year +€17,791
up €17,791 (+25.6%), from €69,589 to €87,381
of which Trade receivables: +€17,409
- Tangible fixed assets -€17,090
down €17,090 (-31.6%), from €54,140 to €37,050
of which Plant, machinery and equipment: -€15,617
- Deferred charges and accrued income +€6,997
up €6,997 (+46.7%), from €14,971 to €21,968
- Other debts +€53,298
up €53,298 (+63.1%), from €84,477 to €137,775
- Trade debts +€20,774
up €20,774 (+60.9%), from €34,126 to €54,900
- Debts after one year -€12,102
down €12,102 (-35.5%), from €34,063 to €21,961
- Tax, wage and social debts -€4,604
down €4,604 (-9.6%), from €47,889 to €43,285
of which Remuneration and social security: -€8,115
- Staff costs -€33,020
down €33,020 (-19.9%), from €165,813 to €132,794
- Gross operating margin -€10,734
down €10,734 (-3.6%), from €299,789 to €289,056
- Taxes +€5,308
up €5,308 (+19.4%), from €27,400 to €32,708
- Write-downs -€3,410
down €3,410 (-70.6%), from €4,827 to €1,417
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 | €227,243 | €283,203 | +€55,960 | +24.6% |
| Fixed assets | 21/28 | €54,140 | €37,050 | -€17,090 | -31.6% |
| Tangible fixed assets | 22/27 | €54,140 | €37,050 | -€17,090 | -31.6% |
| Plant, machinery and equipment | 23 | €47,780 | €32,163 | -€15,617 | -32.7% |
| Furniture and vehicles | 24 | €6,360 | €4,887 | -€1,473 | -23.2% |
| Current assets | 29/58 | €173,103 | €246,153 | +€73,049 | +42.2% |
| Amounts receivable within one year | 40/41 | €69,589 | €87,381 | +€17,791 | +25.6% |
| Trade receivables | 40 | €69,589 | €86,998 | +€17,409 | +25.0% |
| Other amounts receivable | 41 | - | €382 | +€382 | |
| Cash at bank and in hand | 54/58 | €88,543 | €136,803 | +€48,261 | +54.5% |
| Deferred charges and accrued income | 490/1 | €14,971 | €21,968 | +€6,997 | +46.7% |
| Total equity and liabilities | 10/49 | €227,243 | €283,203 | +€55,960 | +24.6% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €226,243 | €282,203 | +€55,960 | +24.7% |
| Amounts payable after more than one year | 17 | €34,063 | €21,961 | -€12,102 | -35.5% |
| Financial debts | 170/4 | €34,063 | €21,961 | -€12,102 | -35.5% |
| Amounts payable within one year | 42/48 | €191,474 | €259,804 | +€68,329 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | €24,982 | €23,843 | -€1,139 | -4.6% |
| Trade debts | 44 | €34,126 | €54,900 | +€20,774 | +60.9% |
| Suppliers | 440/4 | €34,126 | €54,900 | +€20,774 | +60.9% |
| Taxes, remuneration and social security | 45 | €47,889 | €43,285 | -€4,604 | -9.6% |
| Taxes | 450/3 | €25,265 | €28,777 | +€3,512 | +13.9% |
| Remuneration and social security | 454/9 | €22,624 | €14,508 | -€8,115 | -35.9% |
| Other amounts payable | 47/48 | €84,477 | €137,775 | +€53,298 | +63.1% |
| Accrued charges and deferred income | 492/3 | €706 | €439 | -€268 | -37.9% |
| Remuneration, social security and pensions | 62 | €165,813 | €132,794 | -€33,020 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,666 | €17,090 | +€424 | +2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,827 | €1,417 | -€3,410 | -70.6% |
| Gross operating margin | 9900 | €299,789 | €289,056 | -€10,734 | -3.6% |
| Operating profit (loss) | 9901 | €112,483 | €137,755 | +€25,272 | +22.5% |
| Financial income | 75/76B | €1,165 | €142 | -€1,023 | -87.8% |
| Recurring financial income | 75 | €1,165 | €142 | -€1,023 | -87.8% |
| Financial charges | 65/66B | €1,771 | €1,891 | +€120 | +6.8% |
| Recurring financial charges | 65 | €1,771 | €1,891 | +€120 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €111,877 | €136,006 | +€24,129 | +21.6% |
| Income taxes | 67/77 | €27,400 | €32,708 | +€5,308 | +19.4% |
| Profit (loss) for the period | 9904 | €84,477 | €103,298 | +€18,821 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €84,477 | €103,298 | +€18,821 | +22.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.