Gescova: 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.
What changed
Gescova
NACE 47.639, Retail sale of other sporting goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€824,872
2024 · €806,743+€18,129
Equity
€2.9m
2024 · €5.0m-€2.1m
Cash
€279,019
2024 · €732,706-€453,687
Balance sheet total
€5.7m
2024 · €5.7m+€13,962
Largest movements
Assets
- Current investments -€500,000
down €500,000 (-100%), from €500,000 to €0
- Stocks and contracts +€482,155
up €482,155 (+15.0%), from €3.2m to €3.7m
- Cash -€453,687
down €453,687 (-61.9%), from €732,706 to €279,019
mainly Contributions, distributions and other (-€2.9m) and Stocks and contracts (-€482,155)
- Receivables within one year +€440,270
up €440,270 (+44.5%), from €988,695 to €1.4m
of which Trade receivables: +€289,425
Equity and liabilities
- Reserves -€2.1m
down €2.1m (-42.7%), from €4.9m to €2.8m
of which Distributable reserves: -€2.0m
- Other debts +€2.1m
up €2.1m (+922%), from €225,000 to €2.3m
Income statement
- Gross operating margin +€137,407
up €137,407 (+9.6%), from €1.4m to €1.6m
- Staff costs +€84,706
up €84,706 (+23.3%), from €363,091 to €447,797
- Financial income -€58,116
down €58,116 (-57.3%), from €101,467 to €43,351
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.
Result 2024
€806,743
Gross operating margin
+€137,407
Staff costs
-€84,706
Depreciation
+€3,236
Other operating charges
-€38
Financial income
-€58,116
Financial charges
+€6,225
Taxes
+€14,138
Deferred taxes and other
-€17
Result 2025
€824,872
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€2.0m
Investment
+€435,241
Financing
-€2.9m
Cash 2024
€732,706
From operations (derived)
+€2.0m
Net result for the year
+€824,872
Depreciation
+€59,016
Stocks and contracts
-€482,155
Receivables within one year
-€440,270
Deferred charges and accrued income
-€39,481
Smaller working-capital items
-€2,656
Trade debts
+€56,638
Tax, wage and social debts
-€11,892
Other debts
+€2.1m
Investment (derived)
+€435,241
Investment in fixed assets (net)
-€64,759
Current investments
+€500,000
Financing
-€2.9m
Debts after one year
-€13,000
Contributions, distributions and other
-€2.9m
Cash 2025
€279,019
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,712,367 | €5,726,330 | +€13,962 | +0.2% |
| Fixed assets | 21/28 | €123,677 | €129,419 | +€5,742 | +4.6% |
| Intangible fixed assets | 21 | - | €18,781 | +€18,781 | |
| Tangible fixed assets | 22/27 | €123,627 | €110,589 | -€13,038 | -10.5% |
| Land and buildings | 22 | €64,358 | €73,757 | +€9,398 | +14.6% |
| Plant, machinery and equipment | 23 | €44,904 | €32,177 | -€12,726 | -28.3% |
| Furniture and vehicles | 24 | €14,365 | €4,655 | -€9,710 | -67.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €5,588,691 | €5,596,910 | +€8,220 | +0.1% |
| Stocks and contracts in progress | 3 | €3,224,527 | €3,706,682 | +€482,155 | +15.0% |
| Stocks | 30/36 | €3,224,527 | €3,706,682 | +€482,155 | +15.0% |
| Amounts receivable within one year | 40/41 | €988,695 | €1,428,966 | +€440,270 | +44.5% |
| Trade receivables | 40 | €921,147 | €1,210,571 | +€289,425 | +31.4% |
| Other amounts receivable | 41 | €67,549 | €218,394 | +€150,845 | +223% |
| Current investments | 50/53 | €500,000 | €0 | -€500,000 | -100% |
| Cash at bank and in hand | 54/58 | €732,706 | €279,019 | -€453,687 | -61.9% |
| Deferred charges and accrued income | 490/1 | €142,763 | €182,244 | +€39,481 | +27.7% |
| Total equity and liabilities | 10/49 | €5,712,367 | €5,726,330 | +€13,962 | +0.2% |
| Equity | 10/15 | €4,959,844 | €2,869,716 | -€2.1m | -42.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,897,844 | €2,807,716 | -€2.1m | -42.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €667,026 | €527,809 | -€139,217 | -20.9% |
| Distributable reserves | 133 | €4,224,618 | €2,273,708 | -€2.0m | -46.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €7,474 | €3,169 | -€4,306 | -57.6% |
| Deferred taxes | 168 | €7,474 | €3,169 | -€4,306 | -57.6% |
| Amounts payable | 17/49 | €745,049 | €2,853,445 | +€2.1m | +283% |
| Amounts payable after more than one year | 17 | €79,083 | €66,084 | -€13,000 | -16.4% |
| Financial debts | 170/4 | €79,083 | €66,084 | -€13,000 | -16.4% |
| Amounts payable within one year | 42/48 | €663,494 | €2,785,520 | +€2.1m | +320% |
| Current portion of amounts payable after more than one year | 42 | €13,000 | €13,000 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €361,329 | €417,967 | +€56,638 | +15.7% |
| Suppliers | 440/4 | €361,329 | €417,967 | +€56,638 | +15.7% |
| Advances received on contracts in progress | 46 | - | €2,280 | +€2,280 | |
| Taxes, remuneration and social security | 45 | €64,165 | €52,273 | -€11,892 | -18.5% |
| Taxes | 450/3 | €12,499 | €8,370 | -€4,128 | -33.0% |
| Remuneration and social security | 454/9 | €51,667 | €43,903 | -€7,764 | -15.0% |
| Other amounts payable | 47/48 | €225,000 | €2,300,000 | +€2.1m | +922% |
| Accrued charges and deferred income | 492/3 | €2,471 | €1,841 | -€630 | -25.5% |
| Remuneration, social security and pensions | 62 | €363,091 | €447,797 | +€84,706 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,253 | €59,016 | -€3,236 | -5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,424 | €1,462 | +€38 | +2.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,423,950 | €1,561,356 | +€137,407 | +9.6% |
| Operating profit (loss) | 9901 | €997,182 | €1,053,081 | +€55,899 | +5.6% |
| Financial income | 75/76B | €101,467 | €43,351 | -€58,116 | -57.3% |
| Recurring financial income | 75 | €101,467 | €43,351 | -€58,116 | -57.3% |
| Financial charges | 65/66B | €30,818 | €24,593 | -€6,225 | -20.2% |
| Recurring financial charges | 65 | €30,818 | €24,593 | -€6,225 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €1,067,831 | €1,071,839 | +€4,008 | +0.4% |
| Transfer from deferred taxes | 780 | €4,322 | €4,306 | -€17 | -0.4% |
| Income taxes | 67/77 | €265,410 | €251,272 | -€14,138 | -5.3% |
| Profit (loss) for the period | 9904 | €806,743 | €824,872 | +€18,129 | +2.2% |
| Transfer from tax-exempt reserves | 789 | €12,967 | €12,917 | -€50 | -0.4% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €819,711 | €837,790 | +€18,079 | +2.2% |
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 29 October 2026 via checked.be.