GescoTax: 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.
GescoTax
Largest movements
- Receivables within one year +€88,717
up €88,717 (+214.5%), from €41,359 to €130,076
of which Other amounts receivable: +€67,611
- Cash -€19,852
down €19,852 (-27.4%), from €72,557 to €52,705
mainly Receivables within one year (-€88,717) and Debts after one year (-€45,396)
- Tangible fixed assets -€17,984
down €17,984 (-17.1%), from €105,395 to €87,411
- Reserves +€62,000
up €62,000 (+24.2%), from €256,193 to €318,193
of which Distributable reserves: +€62,000
- Debts after one year -€45,396
down €45,396 (-16.9%), from €269,158 to €223,762
- Provisions +€34,790
new in 2025: €34,790
- Tax, wage and social debts -€13,089
down €13,089 (-29.5%), from €44,326 to €31,237
- Provisions +€34,790
new in 2025: €34,790
- Financial income +€29,775
up €29,775 (+159.5%), from €18,665 to €48,440
- Gross operating margin +€2,659
up €2,659 (+2.6%), from €104,147 to €106,807
- Financial charges +€1,681
up €1,681 (+15.6%), from €10,786 to €12,468
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 | €945,642 | €991,666 | +€46,023 | +4.9% |
| Fixed assets | 21/28 | €822,954 | €806,754 | -€16,200 | -2.0% |
| Tangible fixed assets | 22/27 | €105,395 | €87,411 | -€17,984 | -17.1% |
| Furniture and vehicles | 24 | €2,867 | €410 | -€2,457 | -85.7% |
| Leasing and similar rights | 25 | €80,756 | €72,402 | -€8,354 | -10.3% |
| Other tangible fixed assets | 26 | €21,772 | €14,599 | -€7,173 | -32.9% |
| Financial fixed assets | 28 | €717,559 | €719,343 | +€1,784 | +0.2% |
| Current assets | 29/58 | €122,688 | €184,911 | +€62,223 | +50.7% |
| Amounts receivable after more than one year | 29 | €6,753 | - | -€6,753 | |
| Other amounts receivable | 291 | €6,753 | - | -€6,753 | |
| Amounts receivable within one year | 40/41 | €41,359 | €130,076 | +€88,717 | +214.5% |
| Trade receivables | 40 | €41,359 | €62,465 | +€21,106 | +51.0% |
| Other amounts receivable | 41 | - | €67,611 | +€67,611 | |
| Cash at bank and in hand | 54/58 | €72,557 | €52,705 | -€19,852 | -27.4% |
| Deferred charges and accrued income | 490/1 | €2,020 | €2,131 | +€111 | +5.5% |
| Total equity and liabilities | 10/49 | €945,642 | €991,666 | +€46,023 | +4.9% |
| Equity | 10/15 | €582,550 | €644,646 | +€62,096 | +10.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €310,920 | €310,920 | = | 0.0% |
| Reserves | 13 | €256,193 | €318,193 | +€62,000 | +24.2% |
| 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 | €254,333 | €316,333 | +€62,000 | +24.4% |
| Profit (loss) carried forward | 14 | €3,037 | €3,133 | +€96 | +3.2% |
| Provisions and deferred taxes | 16 | - | €34,790 | +€34,790 | |
| Provisions for liabilities and charges | 160/5 | - | €34,790 | +€34,790 | |
| Environmental obligations | 163 | - | €34,790 | +€34,790 | |
| Amounts payable | 17/49 | €363,092 | €312,230 | -€50,863 | -14.0% |
| Amounts payable after more than one year | 17 | €269,158 | €223,762 | -€45,396 | -16.9% |
| Financial debts | 170/4 | €269,158 | €223,762 | -€45,396 | -16.9% |
| Amounts payable within one year | 42/48 | €93,935 | €88,468 | -€5,467 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €44,516 | €45,396 | +€880 | +2.0% |
| Financial debts | 43 | €5,073 | €8,424 | +€3,351 | +66.1% |
| Credit institutions | 430/8 | €5,073 | €8,424 | +€3,351 | +66.1% |
| Trade debts | 44 | €20 | €3,411 | +€3,391 | +17161.9% |
| Suppliers | 440/4 | €20 | €3,411 | +€3,391 | +17161.9% |
| Taxes, remuneration and social security | 45 | €44,326 | €31,237 | -€13,089 | -29.5% |
| Taxes | 450/3 | €44,326 | €31,237 | -€13,089 | -29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,984 | €17,984 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €34,790 | +€34,790 | |
| Other operating charges | 640/8 | €808 | - | -€808 | |
| Gross operating margin | 9900 | €104,147 | €106,807 | +€2,659 | +2.6% |
| Operating profit (loss) | 9901 | €85,356 | €54,033 | -€31,323 | -36.7% |
| Financial income | 75/76B | €18,665 | €48,440 | +€29,775 | +159.5% |
| Recurring financial income | 75 | €18,665 | €48,440 | +€29,775 | +159.5% |
| Financial charges | 65/66B | €10,786 | €12,468 | +€1,681 | +15.6% |
| Recurring financial charges | 65 | €10,786 | €12,468 | +€1,681 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €93,235 | €90,006 | -€3,229 | -3.5% |
| Income taxes | 67/77 | €27,452 | €27,910 | +€458 | +1.7% |
| Profit (loss) for the period | 9904 | €65,783 | €62,096 | -€3,687 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €65,783 | €62,096 | -€3,687 | -5.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.