GESLEASE: 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.
GESLEASE
Largest movements
- Receivables within one year -€455,337
down €455,337 (-48.8%), from €932,699 to €477,362
of which Other amounts receivable: -€293,332
- Financial fixed assets +€125,000
up €125,000 (+3.2%), from €3.9m to €4.1m
- Tangible fixed assets +€81,820
up €81,820 (+110%), from €74,601 to €156,421
- Other debts -€324,550
down €324,550 (-23.2%), from €1.4m to €1.1m
- Profit (loss) carried forward +€317,008
up €317,008 (+25.2%), from €1.3m to €1.6m
- Trade debts -€147,087
down €147,087 (-40.5%), from €362,779 to €215,692
- Debts after one year -€139,873
down €139,873 (-39.1%), from €357,559 to €217,686
- Current portion of long-term debt +€72,213
up €72,213 (+27.8%), from €260,072 to €332,284
- Gross operating margin -€85,961
down €85,961 (-25.1%), from €342,789 to €256,828
- Depreciation +€43,056
up €43,056 (+887%), from €4,853 to €47,909
- Financial income +€35,744
up €35,744 (+12.9%), from €277,603 to €313,346
- Taxes -€34,799
down €34,799 (-87.6%), from €39,704 to €4,905
- Staff costs -€6,743
down €6,743 (-5.4%), from €124,951 to €118,208
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,008,363 | €4,809,257 | -€199,106 | -4.0% |
| Fixed assets | 21/28 | €4,012,815 | €4,219,635 | +€206,820 | +5.2% |
| Tangible fixed assets | 22/27 | €74,601 | €156,421 | +€81,820 | +110% |
| Furniture and vehicles | 24 | €74,601 | €156,421 | +€81,820 | +110% |
| Financial fixed assets | 28 | €3,938,213 | €4,063,213 | +€125,000 | +3.2% |
| Current assets | 29/58 | €995,549 | €589,622 | -€405,927 | -40.8% |
| Amounts receivable within one year | 40/41 | €932,699 | €477,362 | -€455,337 | -48.8% |
| Trade receivables | 40 | €528,190 | €366,186 | -€162,004 | -30.7% |
| Other amounts receivable | 41 | €404,508 | €111,176 | -€293,332 | -72.5% |
| Current investments | 50/53 | €175 | €175 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €61,407 | €93,841 | +€32,434 | +52.8% |
| Deferred charges and accrued income | 490/1 | €1,269 | €18,245 | +€16,976 | +1,338% |
| Total equity and liabilities | 10/49 | €5,008,363 | €4,809,257 | -€199,106 | -4.0% |
| Equity | 10/15 | €2,498,196 | €2,831,888 | +€333,692 | +13.4% |
| Contributions | 10/11 | €1,150,000 | €1,150,000 | = | 0.0% |
| Capital | 10 | €1,150,000 | €1,150,000 | = | 0.0% |
| Issued capital | 100 | €1,150,000 | €1,150,000 | = | 0.0% |
| Reserves | 13 | €88,427 | €105,112 | +€16,685 | +18.9% |
| Non-distributable reserves | 130/1 | €88,427 | €105,112 | +€16,685 | +18.9% |
| Legal reserve | 130 | €88,427 | €105,112 | +€16,685 | +18.9% |
| Profit (loss) carried forward | 14 | €1,259,769 | €1,576,776 | +€317,008 | +25.2% |
| Amounts payable | 17/49 | €2,510,168 | €1,977,369 | -€532,799 | -21.2% |
| Amounts payable after more than one year | 17 | €357,559 | €217,686 | -€139,873 | -39.1% |
| Financial debts | 170/4 | €357,559 | €217,686 | -€139,873 | -39.1% |
| Amounts payable within one year | 42/48 | €2,084,966 | €1,644,283 | -€440,683 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €260,072 | €332,284 | +€72,213 | +27.8% |
| Trade debts | 44 | €362,779 | €215,692 | -€147,087 | -40.5% |
| Suppliers | 440/4 | €362,779 | €215,692 | -€147,087 | -40.5% |
| Taxes, remuneration and social security | 45 | €64,696 | €23,437 | -€41,259 | -63.8% |
| Taxes | 450/3 | €45,431 | €6,469 | -€38,962 | -85.8% |
| Remuneration and social security | 454/9 | €19,265 | €16,968 | -€2,297 | -11.9% |
| Other amounts payable | 47/48 | €1,397,419 | €1,072,869 | -€324,550 | -23.2% |
| Accrued charges and deferred income | 492/3 | €67,643 | €115,400 | +€47,757 | +70.6% |
| Remuneration, social security and pensions | 62 | €124,951 | €118,208 | -€6,743 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,853 | €47,909 | +€43,056 | +887% |
| Other operating charges | 640/8 | €1,624 | €1,571 | -€53 | -3.3% |
| Gross operating margin | 9900 | €342,789 | €256,828 | -€85,961 | -25.1% |
| Operating profit (loss) | 9901 | €211,361 | €89,140 | -€122,221 | -57.8% |
| Financial income | 75/76B | €277,603 | €313,346 | +€35,744 | +12.9% |
| Recurring financial income | 75 | €277,603 | €313,346 | +€35,744 | +12.9% |
| Financial charges | 65/66B | €68,928 | €63,889 | -€5,039 | -7.3% |
| Recurring financial charges | 65 | €68,928 | €63,889 | -€5,039 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €420,036 | €338,598 | -€81,438 | -19.4% |
| Income taxes | 67/77 | €39,704 | €4,905 | -€34,799 | -87.6% |
| Profit (loss) for the period | 9904 | €380,332 | €333,692 | -€46,639 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €380,332 | €333,692 | -€46,639 | -12.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.