GESFISCO: 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.
GESFISCO
Largest movements
- Cash -€48,579
down €48,579 (-82.0%), from €59,215 to €10,636
mainly Receivables within one year (-€44,544) and Contributions, distributions and other (-€30,000)
- Receivables within one year +€44,544
up €44,544 (+182%), from €24,484 to €69,029
of which Trade receivables: +€41,239
- Tax, wage and social debts +€23,380
up €23,380 (+419%), from €5,585 to €28,965
of which Taxes: +€20,233
- Other debts -€19,674
down €19,674 (-39.6%), from €49,674 to €30,000
- Profit (loss) carried forward -€5,256
down €5,256 (-71.5%), from €7,354 to €2,098
- Trade debts -€2,425
down €2,425 (-85.1%), from €2,849 to €425
of which Suppliers: -€2,425
- Turnover +€16,649
up €16,649 (+4.9%), from €336,916 to €353,564
- Gross operating margin +€15,412
up €15,412 (+7.6%), from €202,883 to €218,295
- Staff costs -€10,047
down €10,047 (-5.4%), from €187,449 to €177,402
- Other operating charges +€5,525
up €5,525 (+723%), from €764 to €6,289
- Taxes +€5,225
up €5,225 (+121%), from €4,328 to €9,553
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,780 | €81,940 | -€4,840 | -5.6% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €86,780 | €81,940 | -€4,840 | -5.6% |
| Amounts receivable within one year | 40/41 | €24,484 | €69,029 | +€44,544 | +182% |
| Trade receivables | 40 | €24,484 | €65,723 | +€41,239 | +168% |
| Other amounts receivable | 41 | €0 | €3,306 | +€3,306 | |
| Cash at bank and in hand | 54/58 | €59,215 | €10,636 | -€48,579 | -82.0% |
| Deferred charges and accrued income | 490/1 | €3,081 | €2,276 | -€805 | -26.1% |
| Total equity and liabilities | 10/49 | €86,780 | €81,940 | -€4,840 | -5.6% |
| Equity | 10/15 | €27,806 | €22,550 | -€5,256 | -18.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,354 | €2,098 | -€5,256 | -71.5% |
| Amounts payable | 17/49 | €58,973 | €59,390 | +€416 | +0.7% |
| Amounts payable within one year | 42/48 | €58,973 | €59,390 | +€416 | +0.7% |
| Trade debts | 44 | €2,849 | €425 | -€2,425 | -85.1% |
| Suppliers | 440/4 | €2,849 | €425 | -€2,425 | -85.1% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €865 | - | -€865 | |
| Taxes, remuneration and social security | 45 | €5,585 | €28,965 | +€23,380 | +419% |
| Taxes | 450/3 | €5,585 | €25,818 | +€20,233 | +362% |
| Remuneration and social security | 454/9 | €0 | €3,147 | +€3,147 | |
| Other amounts payable | 47/48 | €49,674 | €30,000 | -€19,674 | -39.6% |
| Turnover | 70 | €336,916 | €353,564 | +€16,649 | +4.9% |
| Non-recurring operating income | 76A | €226 | - | -€226 | |
| Goods, raw materials, services and sundry goods | 60/61 | €135,907 | €137,019 | +€1,113 | +0.8% |
| Remuneration, social security and pensions | 62 | €187,449 | €177,402 | -€10,047 | -5.4% |
| Other operating charges | 640/8 | €764 | €6,289 | +€5,525 | +723% |
| Gross operating margin | 9900 | €202,883 | €218,295 | +€15,412 | +7.6% |
| Operating profit (loss) | 9901 | €14,670 | €34,604 | +€19,934 | +136% |
| Financial income | 75/76B | €259 | €146 | -€113 | -43.5% |
| Recurring financial income | 75 | €259 | €146 | -€113 | -43.5% |
| Financial charges | 65/66B | €386 | €454 | +€68 | +17.6% |
| Recurring financial charges | 65 | €386 | €454 | +€68 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | €14,543 | €34,297 | +€19,754 | +136% |
| Income taxes | 67/77 | €4,328 | €9,553 | +€5,225 | +121% |
| Profit (loss) for the period | 9904 | €10,215 | €24,744 | +€14,529 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €10,215 | €24,744 | +€14,529 | +142% |
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 14 October 2026 via checked.be.