Gesko: 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.
Gesko
Largest movements
- Cash +€44,309
up €44,309 (+191.4%), from €23,146 to €67,455
mainly Net result for the year (+€81,569) and Tax, wage and social debts (+€6,050)
- Receivables within one year +€42,076
up €42,076 (+80.3%), from €52,415 to €94,491
of which Other amounts receivable: +€42,527
- Profit (loss) carried forward +€81,569
up €81,569 (+149.0%), from €54,734 to €136,303
- Tax, wage and social debts +€6,050
up €6,050 (+34.4%), from €17,599 to €23,649
- Gross operating margin +€34,003
up €34,003 (+48.1%), from €70,706 to €104,709
- Taxes +€7,845
up €7,845 (+55.8%), from €14,058 to €21,903
- Financial income +€1,164
new in 2025: €1,164
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 | €76,850 | €162,804 | +€85,954 | +111.8% |
| Fixed assets | 21/28 | €1,289 | €857 | -€431 | -33.5% |
| Tangible fixed assets | 22/27 | €1,289 | €857 | -€431 | -33.5% |
| Plant, machinery and equipment | 23 | €1,289 | €857 | -€431 | -33.5% |
| Current assets | 29/58 | €75,561 | €161,946 | +€86,385 | +114.3% |
| Amounts receivable within one year | 40/41 | €52,415 | €94,491 | +€42,076 | +80.3% |
| Trade receivables | 40 | €52,415 | €51,964 | -€451 | -0.9% |
| Other amounts receivable | 41 | - | €42,527 | +€42,527 | |
| Cash at bank and in hand | 54/58 | €23,146 | €67,455 | +€44,309 | +191.4% |
| Total equity and liabilities | 10/49 | €76,850 | €162,804 | +€85,954 | +111.8% |
| Equity | 10/15 | €56,734 | €138,303 | +€81,569 | +143.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,734 | €136,303 | +€81,569 | +149.0% |
| Amounts payable | 17/49 | €20,115 | €24,501 | +€4,385 | +21.8% |
| Amounts payable within one year | 42/48 | €19,783 | €24,501 | +€4,717 | +23.8% |
| Trade debts | 44 | €790 | €851 | +€62 | +7.8% |
| Suppliers | 440/4 | €790 | €851 | +€62 | +7.8% |
| Taxes, remuneration and social security | 45 | €17,599 | €23,649 | +€6,050 | +34.4% |
| Taxes | 450/3 | €17,599 | €23,649 | +€6,050 | +34.4% |
| Other amounts payable | 47/48 | €1,395 | €0 | -€1,395 | -100.0% |
| Accrued charges and deferred income | 492/3 | €332 | €0 | -€332 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5 | €431 | +€426 | +9032.0% |
| Other operating charges | 640/8 | €687 | €101 | -€586 | -85.3% |
| Gross operating margin | 9900 | €70,706 | €104,709 | +€34,003 | +48.1% |
| Operating profit (loss) | 9901 | €70,014 | €104,177 | +€34,163 | +48.8% |
| Financial income | 75/76B | - | €1,164 | +€1,164 | |
| Recurring financial income | 75 | - | €1,164 | +€1,164 | |
| Financial charges | 65/66B | €1,222 | €1,870 | +€648 | +53.1% |
| Recurring financial charges | 65 | €1,222 | €1,870 | +€648 | +53.1% |
| Profit (loss) for the period before taxes | 9903 | €68,792 | €103,471 | +€34,679 | +50.4% |
| Income taxes | 67/77 | €14,058 | €21,903 | +€7,845 | +55.8% |
| Profit (loss) for the period | 9904 | €54,734 | €81,569 | +€26,834 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,734 | €81,569 | +€26,834 | +49.0% |
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 7 October 2026 via checked.be.