GeSiLe: 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.
GeSiLe
Largest movements
- Receivables within one year +€174,935
up €174,935 (+680.5%), from €25,706 to €200,641
of which Other amounts receivable: +€173,974
- Cash +€37,347
up €37,347 (+17.3%), from €215,482 to €252,829
mainly Net result for the year (+€141,117) and Tax, wage and social debts (+€56,982)
- Tangible fixed assets -€17,115
down €17,115 (-20.4%), from €83,716 to €66,601
of which Furniture and vehicles: -€16,484
- Reserves +€141,117
up €141,117 (+68.4%), from €206,271 to €347,388
- Tax, wage and social debts +€56,982
up €56,982 (+49.4%), from €115,255 to €172,236
of which Taxes: +€56,982
- Gross operating margin -€86,671
down €86,671 (-28.6%), from €303,386 to €216,715
- Taxes -€30,401
down €30,401 (-33.1%), from €91,801 to €61,399
- Depreciation +€12,102
up €12,102 (+241.4%), from €5,013 to €17,115
- Financial income +€3,945
new in 2025: €3,945
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 | €326,977 | €524,249 | +€197,272 | +60.3% |
| Fixed assets | 21/28 | €83,756 | €66,641 | -€17,115 | -20.4% |
| Tangible fixed assets | 22/27 | €83,716 | €66,601 | -€17,115 | -20.4% |
| Plant, machinery and equipment | 23 | €5,935 | €5,305 | -€631 | -10.6% |
| Furniture and vehicles | 24 | €77,780 | €61,297 | -€16,484 | -21.2% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €243,221 | €457,608 | +€214,386 | +88.1% |
| Amounts receivable within one year | 40/41 | €25,706 | €200,641 | +€174,935 | +680.5% |
| Trade receivables | 40 | €25,706 | €26,667 | +€961 | +3.7% |
| Other amounts receivable | 41 | - | €173,974 | +€173,974 | |
| Cash at bank and in hand | 54/58 | €215,482 | €252,829 | +€37,347 | +17.3% |
| Deferred charges and accrued income | 490/1 | €2,033 | €4,137 | +€2,105 | +103.5% |
| Total equity and liabilities | 10/49 | €326,977 | €524,249 | +€197,272 | +60.3% |
| Equity | 10/15 | €208,271 | €349,388 | +€141,117 | +67.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €206,271 | €347,388 | +€141,117 | +68.4% |
| Distributable reserves | 133 | €206,271 | €347,388 | +€141,117 | +68.4% |
| Amounts payable | 17/49 | €118,706 | €174,861 | +€56,155 | +47.3% |
| Amounts payable within one year | 42/48 | €118,256 | €174,254 | +€55,998 | +47.4% |
| Trade debts | 44 | €2,801 | €2,017 | -€784 | -28.0% |
| Suppliers | 440/4 | €2,801 | €2,017 | -€784 | -28.0% |
| Taxes, remuneration and social security | 45 | €115,255 | €172,236 | +€56,982 | +49.4% |
| Taxes | 450/3 | €112,115 | €169,096 | +€56,982 | +50.8% |
| Remuneration and social security | 454/9 | €3,140 | €3,140 | = | 0.0% |
| Other amounts payable | 47/48 | €200 | €0 | -€200 | -100.0% |
| Accrued charges and deferred income | 492/3 | €450 | €607 | +€157 | +34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,013 | €17,115 | +€12,102 | +241.4% |
| Other operating charges | 640/8 | €185 | €958 | +€773 | +417.9% |
| Gross operating margin | 9900 | €303,386 | €216,715 | -€86,671 | -28.6% |
| Operating profit (loss) | 9901 | €298,188 | €198,643 | -€99,545 | -33.4% |
| Financial income | 75/76B | - | €3,945 | +€3,945 | |
| Recurring financial income | 75 | - | €3,945 | +€3,945 | |
| Financial charges | 65/66B | €116 | €72 | -€44 | -37.9% |
| Recurring financial charges | 65 | €116 | €72 | -€44 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €298,072 | €202,516 | -€95,556 | -32.1% |
| Income taxes | 67/77 | €91,801 | €61,399 | -€30,401 | -33.1% |
| Profit (loss) for the period | 9904 | €206,271 | €141,117 | -€65,154 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €206,271 | €141,117 | -€65,154 | -31.6% |
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.