GESFISOINS: 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.
GESFISOINS
Largest movements
- Cash +€134,333
up €134,333 (+51.7%), from €260,060 to €394,392
mainly Net result for the year (+€262,983) and Depreciation (+€42,588)
- Profit (loss) carried forward +€262,983
up €262,983 (+24.5%), from €1.1m to €1.3m
- Other debts -€101,591
down €101,591 (-7.9%), from €1.3m to €1.2m
- Debts after one year -€61,929
down €61,929 (-14.7%), from €420,355 to €358,427
- Financial income +€150,662
up €150,662 (+159.8%), from €94,264 to €244,926
- Gross operating margin -€7,417
down €7,417 (-5.4%), from €138,539 to €131,123
- Depreciation +€4,338
up €4,338 (+11.3%), from €38,250 to €42,588
- Financial charges -€2,224
down €2,224 (-4.2%), from €52,956 to €50,731
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 | €2,866,605 | €2,978,784 | +€112,178 | +3.9% |
| Fixed assets | 21/28 | €2,497,261 | €2,476,674 | -€20,587 | -0.8% |
| Tangible fixed assets | 22/27 | €360,761 | €340,174 | -€20,587 | -5.7% |
| Land and buildings | 22 | €333,490 | €315,061 | -€18,429 | -5.5% |
| Furniture and vehicles | 24 | €27,271 | €25,114 | -€2,157 | -7.9% |
| Financial fixed assets | 28 | €2,136,500 | €2,136,500 | = | 0.0% |
| Current assets | 29/58 | €369,344 | €502,109 | +€132,765 | +35.9% |
| Amounts receivable within one year | 40/41 | €109,284 | €107,717 | -€1,567 | -1.4% |
| Trade receivables | 40 | €6 | €2,006 | +€2,000 | +30959.8% |
| Other amounts receivable | 41 | €109,278 | €105,711 | -€3,567 | -3.3% |
| Cash at bank and in hand | 54/58 | €260,060 | €394,392 | +€134,333 | +51.7% |
| Total equity and liabilities | 10/49 | €2,866,605 | €2,978,784 | +€112,178 | +3.9% |
| Equity | 10/15 | €1,095,242 | €1,358,226 | +€262,983 | +24.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,428 | €3,428 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €1,428 | €1,428 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,071,815 | €1,334,798 | +€262,983 | +24.5% |
| Amounts payable | 17/49 | €1,771,363 | €1,620,558 | -€150,805 | -8.5% |
| Amounts payable after more than one year | 17 | €420,355 | €358,427 | -€61,929 | -14.7% |
| Financial debts | 170/4 | €420,355 | €358,427 | -€61,929 | -14.7% |
| Amounts payable within one year | 42/48 | €1,351,007 | €1,262,131 | -€88,876 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €59,889 | €62,062 | +€2,173 | +3.6% |
| Trade debts | 44 | €109 | €1,014 | +€904 | +827.0% |
| Suppliers | 440/4 | €109 | €1,014 | +€904 | +827.0% |
| Taxes, remuneration and social security | 45 | €9,759 | €19,397 | +€9,638 | +98.8% |
| Taxes | 450/3 | €9,759 | €19,397 | +€9,638 | +98.8% |
| Other amounts payable | 47/48 | €1,281,250 | €1,179,659 | -€101,591 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,250 | €42,588 | +€4,338 | +11.3% |
| Other operating charges | 640/8 | €6,859 | €6,702 | -€157 | -2.3% |
| Gross operating margin | 9900 | €138,539 | €131,123 | -€7,417 | -5.4% |
| Operating profit (loss) | 9901 | €93,430 | €81,832 | -€11,598 | -12.4% |
| Financial income | 75/76B | €94,264 | €244,926 | +€150,662 | +159.8% |
| Recurring financial income | 75 | €94,264 | €244,926 | +€150,662 | +159.8% |
| Financial charges | 65/66B | €52,956 | €50,731 | -€2,224 | -4.2% |
| Recurring financial charges | 65 | €52,956 | €50,731 | -€2,224 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €134,739 | €276,027 | +€141,288 | +104.9% |
| Income taxes | 67/77 | €11,675 | €13,044 | +€1,368 | +11.7% |
| Profit (loss) for the period | 9904 | €123,063 | €262,983 | +€139,920 | +113.7% |
| Profit (loss) for the period to be appropriated | 9905 | €123,063 | €262,983 | +€139,920 | +113.7% |
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 9 October 2026 via checked.be.