GESKI: 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.
GESKI
Largest movements
- Current investments +€553,712
up €553,712 (+81.4%), from €680,025 to €1.2m
- Cash -€432,781
down €432,781 (-85.2%), from €507,846 to €75,065
mainly Current investments (-€553,712) and Receivables within one year (-€179,372)
- Deferred charges and accrued income -€215,359
down €215,359 (-99.3%), from €216,815 to €1,456
- Receivables within one year +€179,372
up €179,372 (+102.5%), from €175,049 to €354,422
of which Other amounts receivable: +€122,663
- Tangible fixed assets -€61,797
down €61,797 (-4.3%), from €1.4m to €1.4m
of which Land and buildings: -€70,390
- Reserves +€46,334
up €46,334 (+2.1%), from €2.2m to €2.2m
of which Distributable reserves: +€78,531
- Gross operating margin -€687,400
down €687,400 (-81.2%), from €846,883 to €159,483
- Taxes -€184,559
down €184,559 (-85.9%), from €214,963 to €30,404
- Financial income +€26,008
up €26,008 (+119.8%), from €21,701 to €47,709
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 | €3,010,446 | €3,033,593 | +€23,147 | +0.8% |
| Fixed assets | 21/28 | €1,430,711 | €1,368,914 | -€61,797 | -4.3% |
| Tangible fixed assets | 22/27 | €1,430,711 | €1,368,914 | -€61,797 | -4.3% |
| Land and buildings | 22 | €1,310,686 | €1,240,296 | -€70,390 | -5.4% |
| Plant, machinery and equipment | 23 | €10,455 | €16,223 | +€5,768 | +55.2% |
| Furniture and vehicles | 24 | €109,569 | €112,394 | +€2,825 | +2.6% |
| Current assets | 29/58 | €1,579,735 | €1,664,679 | +€84,944 | +5.4% |
| Amounts receivable within one year | 40/41 | €175,049 | €354,422 | +€179,372 | +102.5% |
| Trade receivables | 40 | - | €56,709 | +€56,709 | |
| Other amounts receivable | 41 | €175,049 | €297,713 | +€122,663 | +70.1% |
| Current investments | 50/53 | €680,025 | €1,233,737 | +€553,712 | +81.4% |
| Cash at bank and in hand | 54/58 | €507,846 | €75,065 | -€432,781 | -85.2% |
| Deferred charges and accrued income | 490/1 | €216,815 | €1,456 | -€215,359 | -99.3% |
| Total equity and liabilities | 10/49 | €3,010,446 | €3,033,593 | +€23,147 | +0.8% |
| Equity | 10/15 | €2,960,788 | €3,007,122 | +€46,334 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,171,745 | €2,218,079 | +€46,334 | +2.1% |
| Non-distributable reserves | 130/1 | €32,197 | €0 | -€32,197 | -100.0% |
| Reserves not available under the articles | 1311 | €32,197 | €0 | -€32,197 | -100.0% |
| Distributable reserves | 133 | €2,139,548 | €2,218,079 | +€78,531 | +3.7% |
| Profit (loss) carried forward | 14 | €770,443 | €770,443 | = | 0.0% |
| Amounts payable | 17/49 | €49,657 | €26,471 | -€23,187 | -46.7% |
| Amounts payable within one year | 42/48 | €49,657 | €26,471 | -€23,187 | -46.7% |
| Trade debts | 44 | €2,768 | €3,917 | +€1,149 | +41.5% |
| Suppliers | 440/4 | €2,768 | €3,917 | +€1,149 | +41.5% |
| Taxes, remuneration and social security | 45 | €46,890 | €22,554 | -€24,336 | -51.9% |
| Taxes | 450/3 | €46,890 | €22,554 | -€24,336 | -51.9% |
| Non-recurring operating income | 76A | €10,885 | €3,323 | -€7,563 | -69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,739 | €116,271 | +€7,532 | +6.9% |
| Other operating charges | 640/8 | €9,740 | €13,224 | +€3,484 | +35.8% |
| Non-recurring operating charges | 66A | €73,629 | €0 | -€73,629 | -100.0% |
| Gross operating margin | 9900 | €846,883 | €159,483 | -€687,400 | -81.2% |
| Operating profit (loss) | 9901 | €654,776 | €29,989 | -€624,787 | -95.4% |
| Financial income | 75/76B | €21,701 | €47,709 | +€26,008 | +119.8% |
| Recurring financial income | 75 | €21,701 | €47,709 | +€26,008 | +119.8% |
| Financial charges | 65/66B | -€7,384 | €960 | +€8,344 | |
| Recurring financial charges | 65 | -€7,384 | €960 | +€8,344 | |
| Profit (loss) for the period before taxes | 9903 | €683,861 | €76,738 | -€607,123 | -88.8% |
| Income taxes | 67/77 | €214,963 | €30,404 | -€184,559 | -85.9% |
| Profit (loss) for the period | 9904 | €468,898 | €46,334 | -€422,564 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €468,898 | €46,334 | -€422,564 | -90.1% |
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 3 October 2026 via checked.be.