GESIX: 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.
GESIX
Largest movements
- Receivables within one year -€34,442
down €34,442 (-46.1%), from €74,774 to €40,332
of which Other amounts receivable: -€27,926
- Tangible fixed assets -€22,714
down €22,714 (-5.8%), from €392,385 to €369,671
of which Plant, machinery and equipment: -€21,813
- Advances received -€33,000
no longer reported in 2025 (was €33,000)
- Trade debts -€17,671
down €17,671 (-65.9%), from €26,814 to €9,143
- Gross operating margin +€49,274
up €49,274 (+406.4%), from €12,125 to €61,398
- Financial charges -€2,114
down €2,114 (-31.2%), from €6,780 to €4,667
- Other operating charges -€1,037
down €1,037 (-45.3%), from €2,291 to €1,254
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 | €559,912 | €508,642 | -€51,270 | -9.2% |
| Formation expenses | 20 | €211 | - | -€211 | |
| Fixed assets | 21/28 | €392,385 | €370,317 | -€22,069 | -5.6% |
| Intangible fixed assets | 21 | - | €646 | +€646 | |
| Tangible fixed assets | 22/27 | €392,385 | €369,671 | -€22,714 | -5.8% |
| Land and buildings | 22 | €308,801 | €295,365 | -€13,436 | -4.4% |
| Plant, machinery and equipment | 23 | €66,664 | €44,852 | -€21,813 | -32.7% |
| Furniture and vehicles | 24 | €16,920 | €29,454 | +€12,534 | +74.1% |
| Current assets | 29/58 | €167,317 | €138,326 | -€28,991 | -17.3% |
| Stocks and contracts in progress | 3 | €91,808 | €94,259 | +€2,450 | +2.7% |
| Stocks | 30/36 | €91,808 | €94,259 | +€2,450 | +2.7% |
| Amounts receivable within one year | 40/41 | €74,774 | €40,332 | -€34,442 | -46.1% |
| Trade receivables | 40 | €14,125 | €7,609 | -€6,516 | -46.1% |
| Other amounts receivable | 41 | €60,649 | €32,723 | -€27,926 | -46.0% |
| Cash at bank and in hand | 54/58 | €734 | €3,624 | +€2,890 | +393.6% |
| Deferred charges and accrued income | 490/1 | - | €111 | +€111 | |
| Total equity and liabilities | 10/49 | €559,912 | €508,642 | -€51,270 | -9.2% |
| Equity | 10/15 | -€65,268 | -€64,811 | +€457 | +0.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,268 | -€104,811 | +€457 | +0.4% |
| Amounts payable | 17/49 | €625,180 | €573,453 | -€51,726 | -8.3% |
| Amounts payable after more than one year | 17 | €544,758 | €543,702 | -€1,056 | -0.2% |
| Financial debts | 170/4 | €247,862 | €227,254 | -€20,608 | -8.3% |
| Other amounts payable | 178/9 | €296,896 | €316,448 | +€19,552 | +6.6% |
| Amounts payable within one year | 42/48 | €80,422 | €29,751 | -€50,671 | -63.0% |
| Current portion of amounts payable after more than one year | 42 | €20,608 | €20,608 | = | 0.0% |
| Trade debts | 44 | €26,814 | €9,143 | -€17,671 | -65.9% |
| Suppliers | 440/4 | €26,814 | €9,143 | -€17,671 | -65.9% |
| Advances received on contracts in progress | 46 | €33,000 | - | -€33,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,847 | €39,755 | -€92 | -0.2% |
| Other operating charges | 640/8 | €2,291 | €1,254 | -€1,037 | -45.3% |
| Non-recurring operating charges | 66A | €300 | €15,267 | +€14,967 | +4988.9% |
| Gross operating margin | 9900 | €12,125 | €61,398 | +€49,274 | +406.4% |
| Operating profit (loss) | 9901 | -€30,313 | €5,123 | +€35,436 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €6,780 | €4,667 | -€2,114 | -31.2% |
| Recurring financial charges | 65 | €6,780 | €4,667 | -€2,114 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | -€37,094 | €457 | +€37,550 | |
| Profit (loss) for the period | 9904 | -€37,094 | €457 | +€37,550 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,094 | €457 | +€37,550 |
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 2 October 2026 via checked.be.