GESLOT: 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.
GESLOT
Largest movements
- Cash -€42,960
down €42,960 (-40.4%), from €106,433 to €63,473
mainly Net result for the year (-€59,997) and Receivables within one year (-€25,657)
- Tangible fixed assets -€42,694
down €42,694 (-12.2%), from €351,302 to €308,608
of which Furniture and vehicles: -€23,499
- Receivables within one year +€25,657
up €25,657 (+33.5%), from €76,675 to €102,331
- Reserves -€38,453
down €38,453 (-14.5%), from €264,789 to €226,336
of which Distributable reserves: -€38,453
- Profit (loss) carried forward -€21,544
no longer reported in 2025 (was €21,544)
- Other operating charges +€10,714
up €10,714 (+1093.2%), from €980 to €11,695
- Depreciation -€2,847
down €2,847 (-6.3%), from €45,541 to €42,694
- Gross operating margin -€1,607
down €1,607 (-32.5%), from -€4,940 to -€6,548
- Financial income -€1,168
down €1,168 (-46.7%), from €2,500 to €1,331
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 | €535,033 | €475,036 | -€59,997 | -11.2% |
| Fixed assets | 21/28 | €351,926 | €309,232 | -€42,694 | -12.1% |
| Tangible fixed assets | 22/27 | €351,302 | €308,608 | -€42,694 | -12.2% |
| Land and buildings | 22 | €282,467 | €264,809 | -€17,658 | -6.3% |
| Plant, machinery and equipment | 23 | €10,248 | €8,711 | -€1,538 | -15.0% |
| Furniture and vehicles | 24 | €58,587 | €35,088 | -€23,499 | -40.1% |
| Financial fixed assets | 28 | €624 | €624 | = | 0.0% |
| Current assets | 29/58 | €183,107 | €165,804 | -€17,304 | -9.4% |
| Amounts receivable within one year | 40/41 | €76,675 | €102,331 | +€25,657 | +33.5% |
| Other amounts receivable | 41 | €76,675 | €102,331 | +€25,657 | +33.5% |
| Cash at bank and in hand | 54/58 | €106,433 | €63,473 | -€42,960 | -40.4% |
| Total equity and liabilities | 10/49 | €535,033 | €475,036 | -€59,997 | -11.2% |
| Equity | 10/15 | €534,333 | €474,336 | -€59,997 | -11.2% |
| Contributions | 10/11 | €248,000 | €248,000 | = | 0.0% |
| Capital | 10 | €248,000 | €248,000 | = | 0.0% |
| Issued capital | 100 | €248,000 | €248,000 | = | 0.0% |
| Reserves | 13 | €264,789 | €226,336 | -€38,453 | -14.5% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Distributable reserves | 133 | €240,000 | €201,547 | -€38,453 | -16.0% |
| Profit (loss) carried forward | 14 | €21,544 | - | -€21,544 | |
| Amounts payable | 17/49 | €700 | €700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €700 | €700 | = | 0.0% |
| Other amounts payable | 47/48 | €700 | €700 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,541 | €42,694 | -€2,847 | -6.3% |
| Other operating charges | 640/8 | €980 | €11,695 | +€10,714 | +1093.2% |
| Gross operating margin | 9900 | -€4,940 | -€6,548 | -€1,607 | -32.5% |
| Operating profit (loss) | 9901 | -€51,461 | -€60,936 | -€9,475 | -18.4% |
| Financial income | 75/76B | €2,500 | €1,331 | -€1,168 | -46.7% |
| Recurring financial income | 75 | €2,500 | €1,331 | -€1,168 | -46.7% |
| Financial charges | 65/66B | €50 | €56 | +€6 | +12.0% |
| Recurring financial charges | 65 | €50 | €56 | +€6 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | -€49,011 | -€59,660 | -€10,649 | -21.7% |
| Income taxes | 67/77 | €348 | €337 | -€11 | -3.3% |
| Profit (loss) for the period | 9904 | -€49,360 | -€59,997 | -€10,638 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,360 | -€59,997 | -€10,638 | -21.6% |
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 4 October 2026 via checked.be.