GESIMCO: what changed
Two fiscal 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.
GESIMCO
Largest movements
- Cash +€14,209
up €14,209 (+15.8%), from €89,714 to €103,922
mainly Net result for the year (+€27,293) and Depreciation (+€9,194)
- Tangible fixed assets -€9,194
down €9,194 (-11.9%), from €77,510 to €68,317
of which Land and buildings: -€8,761
- Other debts +€4,742
up €4,742 (+16.0%), from €29,585 to €34,327
No income-statement line moved by more than 1% of the activity.
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 | €167,490 | €173,529 | +€6,040 | +3.6% |
| Fixed assets | 21/28 | €77,510 | €68,317 | -€9,194 | -11.9% |
| Tangible fixed assets | 22/27 | €77,510 | €68,317 | -€9,194 | -11.9% |
| Land and buildings | 22 | €76,966 | €68,205 | -€8,761 | -11.4% |
| Furniture and vehicles | 24 | €545 | €112 | -€433 | -79.5% |
| Current assets | 29/58 | €89,979 | €105,212 | +€15,233 | +16.9% |
| Amounts receivable within one year | 40/41 | €265 | €1,290 | +€1,025 | +385.9% |
| Other amounts receivable | 41 | €265 | €1,290 | +€1,025 | +385.9% |
| Cash at bank and in hand | 54/58 | €89,714 | €103,922 | +€14,209 | +15.8% |
| Total equity and liabilities | 10/49 | €167,490 | €173,529 | +€6,040 | +3.6% |
| Equity | 10/15 | €137,904 | €137,198 | -€707 | -0.5% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €16,950 | €16,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,950 | €16,950 | = | 0.0% |
| Legal reserve | 130 | €16,950 | €16,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €954 | €248 | -€707 | -74.0% |
| Amounts payable | 17/49 | €29,585 | €36,332 | +€6,746 | +22.8% |
| Amounts payable within one year | 42/48 | €29,585 | €36,332 | +€6,746 | +22.8% |
| Trade debts | 44 | - | €612 | +€612 | |
| Suppliers | 440/4 | - | €612 | +€612 | |
| Taxes, remuneration and social security | 45 | - | €1,393 | +€1,393 | |
| Taxes | 450/3 | - | €1,393 | +€1,393 | |
| Other amounts payable | 47/48 | €29,585 | €34,327 | +€4,742 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,194 | €9,194 | = | 0.0% |
| Other operating charges | 640/8 | €6,793 | €7,090 | +€297 | +4.4% |
| Gross operating margin | 9900 | €53,547 | €53,208 | -€339 | -0.6% |
| Operating profit (loss) | 9901 | €37,560 | €36,925 | -€635 | -1.7% |
| Financial charges | 65/66B | €54 | €54 | = | 0.0% |
| Recurring financial charges | 65 | €54 | €54 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €37,506 | €36,871 | -€635 | -1.7% |
| Income taxes | 67/77 | €9,735 | €9,577 | -€157 | -1.6% |
| Profit (loss) for the period | 9904 | €27,772 | €27,293 | -€478 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,772 | €27,293 | -€478 | -1.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.