GESIPARTNERS: 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.
GESIPARTNERS
Largest movements
- Tangible fixed assets +€350,917
up €350,917 (+12.9%), from €2.7m to €3.1m
of which Plant, machinery and equipment: +€269,224
- Receivables within one year -€102,888
down €102,888 (-80.5%), from €127,888 to €25,000
of which Trade receivables: -€97,888
- Other debts +€417,557
up €417,557 (+167%), from €250,000 to €667,557
- Debts after one year -€213,736
down €213,736 (-12.8%), from €1.7m to €1.5m
- Profit (loss) carried forward +€158,473
up €158,473 (+68.0%), from €233,064 to €391,537
- Trade debts -€129,641
down €129,641 (-88.0%), from €147,289 to €17,648
- Depreciation +€103,650
up €103,650 (+103%), from €100,656 to €204,306
- Gross operating margin +€82,574
up €82,574 (+21.7%), from €380,403 to €462,977
- Financial charges +€35,835
up €35,835 (+101%), from €35,454 to €71,289
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 | €2,857,988 | €3,093,405 | +€235,417 | +8.2% |
| Fixed assets | 21/28 | €2,711,857 | €3,062,774 | +€350,917 | +12.9% |
| Tangible fixed assets | 22/27 | €2,710,857 | €3,061,774 | +€350,917 | +12.9% |
| Land and buildings | 22 | €2,559,040 | €2,640,733 | +€81,693 | +3.2% |
| Plant, machinery and equipment | 23 | €151,817 | €421,041 | +€269,224 | +177% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €146,131 | €30,631 | -€115,500 | -79.0% |
| Amounts receivable within one year | 40/41 | €127,888 | €25,000 | -€102,888 | -80.5% |
| Trade receivables | 40 | €97,888 | - | -€97,888 | |
| Other amounts receivable | 41 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €18,243 | €5,631 | -€12,612 | -69.1% |
| Total equity and liabilities | 10/49 | €2,857,988 | €3,093,405 | +€235,417 | +8.2% |
| Equity | 10/15 | €466,792 | €625,265 | +€158,473 | +33.9% |
| Contributions | 10/11 | €212,480 | €212,480 | = | 0.0% |
| Capital | 10 | €212,480 | €212,480 | = | 0.0% |
| Issued capital | 100 | €212,480 | €212,480 | = | 0.0% |
| Reserves | 13 | €21,248 | €21,248 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,248 | €21,248 | = | 0.0% |
| Legal reserve | 130 | €21,248 | €21,248 | = | 0.0% |
| Profit (loss) carried forward | 14 | €233,064 | €391,537 | +€158,473 | +68.0% |
| Amounts payable | 17/49 | €2,391,196 | €2,468,140 | +€76,943 | +3.2% |
| Amounts payable after more than one year | 17 | €1,670,380 | €1,456,643 | -€213,736 | -12.8% |
| Financial debts | 170/4 | €1,670,380 | €1,456,643 | -€213,736 | -12.8% |
| Amounts payable within one year | 42/48 | €720,817 | €1,011,497 | +€290,680 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | €315,689 | €317,903 | +€2,214 | +0.7% |
| Trade debts | 44 | €147,289 | €17,648 | -€129,641 | -88.0% |
| Suppliers | 440/4 | €147,289 | €17,648 | -€129,641 | -88.0% |
| Taxes, remuneration and social security | 45 | €7,839 | €8,389 | +€549 | +7.0% |
| Taxes | 450/3 | €7,839 | €8,389 | +€549 | +7.0% |
| Other amounts payable | 47/48 | €250,000 | €667,557 | +€417,557 | +167% |
| Non-recurring operating income | 76A | €5,984 | - | -€5,984 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,656 | €204,306 | +€103,650 | +103% |
| Other operating charges | 640/8 | €28,059 | €28,909 | +€851 | +3.0% |
| Non-recurring operating charges | 66A | €548,615 | - | -€548,615 | |
| Gross operating margin | 9900 | €380,403 | €462,977 | +€82,574 | +21.7% |
| Operating profit (loss) | 9901 | -€296,926 | €229,762 | +€526,688 | |
| Financial charges | 65/66B | €35,454 | €71,289 | +€35,835 | +101% |
| Recurring financial charges | 65 | €35,454 | €71,289 | +€35,835 | +101% |
| Profit (loss) for the period before taxes | 9903 | -€332,380 | €158,473 | +€490,853 | |
| Income taxes | 67/77 | €27 | - | -€27 | |
| Profit (loss) for the period | 9904 | -€332,407 | €158,473 | +€490,880 | |
| Profit (loss) for the period to be appropriated | 9905 | -€332,407 | €158,473 | +€490,880 |
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 27 October 2026 via checked.be.