GESNOEID: 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.
GESNOEID
Largest movements
- Tangible fixed assets -€32,178
down €32,178 (-33.2%), from €96,907 to €64,729
of which Leasing and similar rights: -€31,934
- Receivables within one year +€17,067
up €17,067 (+54.5%), from €31,333 to €48,400
of which Trade receivables: +€21,483
- Cash +€7,998
up €7,998 (+31.1%), from €25,743 to €33,741
mainly Depreciation (+€52,195) and Net result for the year (+€39,086)
- Current investments +€5,251
new in 2025: €5,251
- Intangible fixed assets -€5,000
down €5,000 (-44.5%), from €11,233 to €6,233
- Debts after one year -€29,327
down €29,327 (-71.0%), from €41,317 to €11,990
- Other debts +€26,467
up €26,467 (+110%), from €24,098 to €50,565
- Reserves -€7,973
down €7,973 (-41.5%), from €19,193 to €11,221
- Current portion of long-term debt -€7,131
down €7,131 (-20.4%), from €34,962 to €27,832
- Tax, wage and social debts +€6,921
up €6,921 (+112%), from €6,172 to €13,093
of which Taxes: +€5,788
- Gross operating margin +€49,750
up €49,750 (+27.6%), from €180,120 to €229,870
- Staff costs +€31,604
up €31,604 (+34.7%), from €91,020 to €122,623
- Taxes +€3,571
up €3,571 (+46.0%), from €7,759 to €11,329
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.
Derived cash bridge
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 | €170,327 | €162,465 | -€7,862 | -4.6% |
| Fixed assets | 21/28 | €108,170 | €70,992 | -€37,178 | -34.4% |
| Intangible fixed assets | 21 | €11,233 | €6,233 | -€5,000 | -44.5% |
| Tangible fixed assets | 22/27 | €96,907 | €64,729 | -€32,178 | -33.2% |
| Plant, machinery and equipment | 23 | €4,852 | €8,405 | +€3,553 | +73.2% |
| Furniture and vehicles | 24 | €21,954 | €18,158 | -€3,796 | -17.3% |
| Leasing and similar rights | 25 | €70,100 | €38,166 | -€31,934 | -45.6% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €62,158 | €91,474 | +€29,316 | +47.2% |
| Stocks and contracts in progress | 3 | €3,655 | €3,265 | -€390 | -10.7% |
| Stocks | 30/36 | €3,655 | €3,265 | -€390 | -10.7% |
| Amounts receivable within one year | 40/41 | €31,333 | €48,400 | +€17,067 | +54.5% |
| Trade receivables | 40 | €22,494 | €43,977 | +€21,483 | +95.5% |
| Other amounts receivable | 41 | €8,839 | €4,423 | -€4,416 | -50.0% |
| Current investments | 50/53 | - | €5,251 | +€5,251 | |
| Cash at bank and in hand | 54/58 | €25,743 | €33,741 | +€7,998 | +31.1% |
| Deferred charges and accrued income | 490/1 | €1,427 | €817 | -€610 | -42.8% |
| Total equity and liabilities | 10/49 | €170,327 | €162,465 | -€7,862 | -4.6% |
| Equity | 10/15 | €37,793 | €29,821 | -€7,973 | -21.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,193 | €11,221 | -€7,973 | -41.5% |
| Distributable reserves | 133 | €19,193 | €11,221 | -€7,973 | -41.5% |
| Amounts payable | 17/49 | €132,534 | €132,645 | +€110 | +0.1% |
| Amounts payable after more than one year | 17 | €41,317 | €11,990 | -€29,327 | -71.0% |
| Financial debts | 170/4 | €41,317 | €11,990 | -€29,327 | -71.0% |
| Amounts payable within one year | 42/48 | €91,217 | €120,654 | +€29,437 | +32.3% |
| Current portion of amounts payable after more than one year | 42 | €34,962 | €27,832 | -€7,131 | -20.4% |
| Trade debts | 44 | €25,985 | €29,165 | +€3,180 | +12.2% |
| Suppliers | 440/4 | €25,985 | €29,165 | +€3,180 | +12.2% |
| Taxes, remuneration and social security | 45 | €6,172 | €13,093 | +€6,921 | +112% |
| Taxes | 450/3 | €99 | €5,887 | +€5,788 | +5,856% |
| Remuneration and social security | 454/9 | €6,073 | €7,206 | +€1,133 | +18.7% |
| Other amounts payable | 47/48 | €24,098 | €50,565 | +€26,467 | +110% |
| Remuneration, social security and pensions | 62 | €91,020 | €122,623 | +€31,604 | +34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,846 | €52,195 | +€349 | +0.7% |
| Other operating charges | 640/8 | €3,149 | €2,120 | -€1,029 | -32.7% |
| Gross operating margin | 9900 | €180,120 | €229,870 | +€49,750 | +27.6% |
| Operating profit (loss) | 9901 | €34,105 | €52,931 | +€18,826 | +55.2% |
| Financial income | 75/76B | €1 | €6 | +€6 | +873% |
| Recurring financial income | 75 | €1 | €6 | +€6 | +873% |
| Financial charges | 65/66B | €3,439 | €2,522 | -€916 | -26.6% |
| Recurring financial charges | 65 | €3,439 | €2,522 | -€916 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €30,667 | €50,415 | +€19,748 | +64.4% |
| Income taxes | 67/77 | €7,759 | €11,329 | +€3,571 | +46.0% |
| Profit (loss) for the period | 9904 | €22,909 | €39,086 | +€16,177 | +70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,909 | €39,086 | +€16,177 | +70.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.