GESKENS: 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.
GESKENS
Largest movements
- Cash -€50,852
down €50,852 (-19.2%), from €264,801 to €213,949
mainly Contributions, distributions and other (-€56,418) and Investment in fixed assets (net) (-€12,197)
- Reserves -€50,173
down €50,173 (-18.6%), from €269,363 to €219,190
of which Distributable reserves: -€30,134
- Debts after one year -€11,346
down €11,346 (-27.0%), from €42,008 to €30,663
of which Financial debts: -€11,346
- Tax, wage and social debts +€9,496
up €9,496 (+214.0%), from €4,436 to €13,933
- Provisions -€6,680
down €6,680 (-15.4%), from €43,354 to €36,674
- Gross operating margin -€95,223
down €95,223 (-75.6%), from €125,978 to €30,756
- Taxes +€11,695
up €11,695 (+507.8%), from €2,303 to €13,998
- Other operating charges -€4,569
down €4,569 (-56.6%), from €8,072 to €3,503
- Depreciation -€2,614
down €2,614 (-16.8%), from €15,524 to €12,910
- Financial income +€1,981
up €1,981 (+1333.6%), from €149 to €2,130
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 | €403,540 | €347,788 | -€55,752 | -13.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €122,407 | €121,694 | -€713 | -0.6% |
| Tangible fixed assets | 22/27 | €122,407 | €121,694 | -€713 | -0.6% |
| Land and buildings | 22 | €109,728 | €101,954 | -€7,773 | -7.1% |
| Plant, machinery and equipment | 23 | €7,213 | €12,868 | +€5,655 | +78.4% |
| Furniture and vehicles | 24 | €5,467 | €6,872 | +€1,405 | +25.7% |
| Current assets | 29/58 | €281,133 | €226,094 | -€55,039 | -19.6% |
| Amounts receivable within one year | 40/41 | €7,273 | €5,983 | -€1,290 | -17.7% |
| Trade receivables | 40 | €1,682 | €3,037 | +€1,355 | +80.6% |
| Other amounts receivable | 41 | €5,591 | €2,946 | -€2,646 | -47.3% |
| Cash at bank and in hand | 54/58 | €264,801 | €213,949 | -€50,852 | -19.2% |
| Deferred charges and accrued income | 490/1 | €9,058 | €6,161 | -€2,897 | -32.0% |
| Total equity and liabilities | 10/49 | €403,540 | €347,788 | -€55,752 | -13.8% |
| Equity | 10/15 | €287,955 | €237,782 | -€50,173 | -17.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €269,363 | €219,190 | -€50,173 | -18.6% |
| Tax-exempt reserves | 132 | €130,062 | €110,023 | -€20,039 | -15.4% |
| Distributable reserves | 133 | €139,301 | €109,167 | -€30,134 | -21.6% |
| Provisions and deferred taxes | 16 | €43,354 | €36,674 | -€6,680 | -15.4% |
| Deferred taxes | 168 | €43,354 | €36,674 | -€6,680 | -15.4% |
| Amounts payable | 17/49 | €72,232 | €73,332 | +€1,100 | +1.5% |
| Amounts payable after more than one year | 17 | €42,008 | €30,663 | -€11,346 | -27.0% |
| Financial debts | 170/4 | €41,378 | €30,033 | -€11,346 | -27.4% |
| Other amounts payable | 178/9 | €630 | €630 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,649 | €41,330 | +€11,682 | +39.4% |
| Current portion of amounts payable after more than one year | 42 | €10,061 | €12,177 | +€2,116 | +21.0% |
| Financial debts | 43 | €1,693 | - | -€1,693 | |
| Credit institutions | 430/8 | €1,693 | - | -€1,693 | |
| Trade debts | 44 | €5,540 | €4,753 | -€786 | -14.2% |
| Suppliers | 440/4 | €5,540 | €4,753 | -€786 | -14.2% |
| Taxes, remuneration and social security | 45 | €4,436 | €13,933 | +€9,496 | +214.0% |
| Taxes | 450/3 | €4,436 | €13,933 | +€9,496 | +214.0% |
| Other amounts payable | 47/48 | €7,919 | €10,468 | +€2,549 | +32.2% |
| Accrued charges and deferred income | 492/3 | €575 | €1,339 | +€765 | +133.0% |
| Non-recurring operating income | 76A | €119,978 | - | -€119,978 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,524 | €12,910 | -€2,614 | -16.8% |
| Other operating charges | 640/8 | €8,072 | €3,503 | -€4,569 | -56.6% |
| Gross operating margin | 9900 | €125,978 | €30,756 | -€95,223 | -75.6% |
| Operating profit (loss) | 9901 | €102,382 | €14,343 | -€88,040 | -86.0% |
| Financial income | 75/76B | €149 | €2,130 | +€1,981 | +1333.6% |
| Recurring financial income | 75 | €149 | €2,130 | +€1,981 | +1333.6% |
| Financial charges | 65/66B | €4,735 | €2,910 | -€1,825 | -38.5% |
| Recurring financial charges | 65 | €4,735 | €2,910 | -€1,825 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €97,796 | €13,563 | -€84,233 | -86.1% |
| Transfer from deferred taxes | 780 | €6,680 | €6,680 | = | 0.0% |
| Transfer to deferred taxes | 680 | €29,994 | - | -€29,994 | |
| Income taxes | 67/77 | €2,303 | €13,998 | +€11,695 | +507.8% |
| Profit (loss) for the period | 9904 | €72,178 | €6,245 | -€65,933 | -91.3% |
| Transfer from tax-exempt reserves | 789 | €20,039 | €20,039 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €89,983 | - | -€89,983 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,234 | €26,284 | +€24,050 | +1076.6% |
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.