GESCON: what changed
GESCON
Largest movements
- Tangible fixed assets -€35,189
down €35,189 (-32.7%), from €107,749 to €72,560
of which Furniture and vehicles: -€18,116
- Cash +€12,647
up €12,647 (+30.3%), from €41,709 to €54,356
mainly Net result for the year (+€55,149) and Depreciation (+€36,742)
- Other debts -€57,176
down €57,176 (-53.7%), from €106,539 to €49,363
- Reserves +€55,149
up €55,149 (+32.6%), from €169,131 to €224,280
- Debts after one year -€25,000
down €25,000 (-100%), from €25,000 to €0
- Taxes +€6,855
up €6,855 (+31.1%), from €22,031 to €28,885
- Financial income +€6,605
up €6,605 (+189%), from €3,501 to €10,106
- Gross operating margin +€5,564
up €5,564 (+5.0%), from €111,675 to €117,239
- Financial charges -€4,997
down €4,997 (-46.3%), from €10,787 to €5,791
- Depreciation +€3,365
up €3,365 (+10.1%), from €33,377 to €36,742
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €352,779 | €329,532 | -€23,247 | -6.6% |
| Fixed assets | 21/28 | €107,798 | €72,609 | -€35,189 | -32.6% |
| Tangible fixed assets | 22/27 | €107,749 | €72,560 | -€35,189 | -32.7% |
| Plant, machinery and equipment | 23 | €3,045 | €3,600 | +€555 | +18.2% |
| Furniture and vehicles | 24 | €75,783 | €57,667 | -€18,116 | -23.9% |
| Other tangible fixed assets | 26 | €28,920 | €11,293 | -€17,627 | -61.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €244,981 | €256,923 | +€11,942 | +4.9% |
| Amounts receivable within one year | 40/41 | €1,132 | €1,079 | -€53 | -4.7% |
| Trade receivables | 40 | €1,132 | €1,079 | -€53 | -4.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €200,300 | €200,300 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €41,709 | €54,356 | +€12,647 | +30.3% |
| Deferred charges and accrued income | 490/1 | €1,840 | €1,188 | -€652 | -35.4% |
| Total equity and liabilities | 10/49 | €352,779 | €329,532 | -€23,247 | -6.6% |
| Equity | 10/15 | €200,131 | €255,280 | +€55,149 | +27.6% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €169,131 | €224,280 | +€55,149 | +32.6% |
| Distributable reserves | 133 | €169,131 | €224,280 | +€55,149 | +32.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €152,648 | €74,252 | -€78,396 | -51.4% |
| Amounts payable after more than one year | 17 | €25,000 | €0 | -€25,000 | -100% |
| Other amounts payable | 178/9 | €25,000 | €0 | -€25,000 | -100% |
| Amounts payable within one year | 42/48 | €127,648 | €74,169 | -€53,479 | -41.9% |
| Trade debts | 44 | €4,312 | €5,192 | +€880 | +20.4% |
| Suppliers | 440/4 | €4,312 | €5,192 | +€880 | +20.4% |
| Taxes, remuneration and social security | 45 | €16,798 | €19,614 | +€2,816 | +16.8% |
| Taxes | 450/3 | €16,798 | €19,614 | +€2,816 | +16.8% |
| Other amounts payable | 47/48 | €106,539 | €49,363 | -€57,176 | -53.7% |
| Accrued charges and deferred income | 492/3 | - | €83 | +€83 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,377 | €36,742 | +€3,365 | +10.1% |
| Other operating charges | 640/8 | €1,350 | €777 | -€573 | -42.4% |
| Gross operating margin | 9900 | €111,675 | €117,239 | +€5,564 | +5.0% |
| Operating profit (loss) | 9901 | €76,947 | €79,720 | +€2,772 | +3.6% |
| Financial income | 75/76B | €3,501 | €10,106 | +€6,605 | +189% |
| Recurring financial income | 75 | €3,501 | €10,106 | +€6,605 | +189% |
| Financial charges | 65/66B | €10,787 | €5,791 | -€4,997 | -46.3% |
| Recurring financial charges | 65 | €10,787 | €5,791 | -€4,997 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €69,661 | €84,034 | +€14,374 | +20.6% |
| Income taxes | 67/77 | €22,031 | €28,885 | +€6,855 | +31.1% |
| Profit (loss) for the period | 9904 | €47,630 | €55,149 | +€7,519 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,630 | €55,149 | +€7,519 | +15.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.