GESMONS: 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.
GESMONS
Largest movements
- Receivables within one year +€23,300
up €23,300 (+85.4%), from €27,281 to €50,581
- Tangible fixed assets -€7,662
down €7,662 (-2.9%), from €264,489 to €256,827
of which Land and buildings: -€6,718
- Profit (loss) carried forward +€109,944
up €109,944 (+146.9%), from €74,826 to €184,770
- Debts after one year -€78,411
down €78,411 (-70.8%), from €110,769 to €32,358
of which Financial debts: -€71,411
- Current portion of long-term debt -€26,405
no longer reported in 2025 (was €26,405)
- Other debts +€5,400
up €5,400 (+10.3%), from €52,419 to €57,819
- Tax, wage and social debts +€3,491
up €3,491 (+27.1%), from €12,878 to €16,369
- Gross operating margin +€122,512
up €122,512 (+268.6%), from €45,608 to €168,121
- Taxes +€30,747
up €30,747 (+420.6%), from €7,311 to €38,058
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 | €333,074 | €347,092 | +€14,018 | +4.2% |
| Fixed assets | 21/28 | €264,489 | €256,827 | -€7,662 | -2.9% |
| Tangible fixed assets | 22/27 | €264,489 | €256,827 | -€7,662 | -2.9% |
| Land and buildings | 22 | €260,460 | €253,743 | -€6,718 | -2.6% |
| Plant, machinery and equipment | 23 | €4,029 | €3,084 | -€945 | -23.4% |
| Current assets | 29/58 | €68,585 | €90,265 | +€21,681 | +31.6% |
| Stocks and contracts in progress | 3 | €37,336 | €37,336 | = | 0.0% |
| Stocks | 30/36 | €37,336 | €37,336 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,281 | €50,581 | +€23,300 | +85.4% |
| Other amounts receivable | 41 | €27,281 | €50,581 | +€23,300 | +85.4% |
| Cash at bank and in hand | 54/58 | €2,069 | €381 | -€1,688 | -81.6% |
| Deferred charges and accrued income | 490/1 | €1,899 | €1,967 | +€68 | +3.6% |
| Total equity and liabilities | 10/49 | €333,074 | €347,092 | +€14,018 | +4.2% |
| Equity | 10/15 | €130,603 | €240,546 | +€109,944 | +84.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €24,790 | €24,790 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €21,691 | €21,691 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,826 | €184,770 | +€109,944 | +146.9% |
| Amounts payable | 17/49 | €202,471 | €106,546 | -€95,925 | -47.4% |
| Amounts payable after more than one year | 17 | €110,769 | €32,358 | -€78,411 | -70.8% |
| Financial debts | 170/4 | €100,269 | €28,858 | -€71,411 | -71.2% |
| Other amounts payable | 178/9 | €10,500 | €3,500 | -€7,000 | -66.7% |
| Amounts payable within one year | 42/48 | €91,702 | €74,188 | -€17,514 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €26,405 | - | -€26,405 | |
| Taxes, remuneration and social security | 45 | €12,878 | €16,369 | +€3,491 | +27.1% |
| Taxes | 450/3 | €12,878 | €16,369 | +€3,491 | +27.1% |
| Other amounts payable | 47/48 | €52,419 | €57,819 | +€5,400 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,412 | €7,662 | +€250 | +3.4% |
| Other operating charges | 640/8 | €6,332 | €6,530 | +€198 | +3.1% |
| Gross operating margin | 9900 | €45,608 | €168,121 | +€122,512 | +268.6% |
| Operating profit (loss) | 9901 | €31,865 | €153,928 | +€122,064 | +383.1% |
| Financial charges | 65/66B | €5,035 | €5,927 | +€891 | +17.7% |
| Recurring financial charges | 65 | €5,035 | €5,927 | +€891 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €26,829 | €148,002 | +€121,172 | +451.6% |
| Income taxes | 67/77 | €7,311 | €38,058 | +€30,747 | +420.6% |
| Profit (loss) for the period | 9904 | €19,518 | €109,944 | +€90,425 | +463.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,518 | €109,944 | +€90,425 | +463.3% |
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 8 October 2026 via checked.be.