GESPRO Team: 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.
GESPRO Team
Largest movements
- Receivables within one year +€84,237
up €84,237 (+135%), from €62,521 to €146,758
of which Trade receivables: +€81,141
- Cash -€25,421
down €25,421 (-73.7%), from €34,515 to €9,094
mainly Receivables within one year (-€84,237) and Current portion of long-term debt (-€15,598)
- Tangible fixed assets -€18,542
down €18,542 (-7.4%), from €251,986 to €233,444
of which Land and buildings: -€13,516
- Trade debts +€59,343
up €59,343 (+168%), from €35,294 to €94,637
- Current portion of long-term debt -€15,598
down €15,598 (-86.5%), from €18,023 to €2,424
- Other debts +€9,520
up €9,520 (+8.3%), from €114,387 to €123,908
- Tax, wage and social debts -€6,500
down €6,500 (-60.2%), from €10,789 to €4,289
- Profit (loss) carried forward -€6,491
down €6,491 (-15.6%), from €41,493 to €35,002
- Gross operating margin -€9,930
down €9,930 (-26.1%), from €37,981 to €28,050
- Other operating charges +€5,394
up €5,394 (+65.5%), from €8,237 to €13,631
- Taxes -€4,101
no longer reported in 2024 (was €4,101)
- Depreciation -€3,619
down €3,619 (-16.3%), from €22,161 to €18,542
- Financial charges -€3,081
down €3,081 (-72.8%), from €4,235 to €1,154
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 | €352,183 | €392,456 | +€40,274 | +11.4% |
| Fixed assets | 21/28 | €252,186 | €233,644 | -€18,542 | -7.4% |
| Tangible fixed assets | 22/27 | €251,986 | €233,444 | -€18,542 | -7.4% |
| Land and buildings | 22 | €241,840 | €228,324 | -€13,516 | -5.6% |
| Plant, machinery and equipment | 23 | €9,459 | €5,120 | -€4,338 | -45.9% |
| Furniture and vehicles | 24 | €688 | - | -€688 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €99,996 | €158,812 | +€58,816 | +58.8% |
| Stocks and contracts in progress | 3 | €1,607 | €1,607 | = | 0.0% |
| Stocks | 30/36 | €1,607 | €1,607 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €62,521 | €146,758 | +€84,237 | +135% |
| Trade receivables | 40 | €61,648 | €142,789 | +€81,141 | +132% |
| Other amounts receivable | 41 | €873 | €3,969 | +€3,096 | +355% |
| Cash at bank and in hand | 54/58 | €34,515 | €9,094 | -€25,421 | -73.7% |
| Deferred charges and accrued income | 490/1 | €1,353 | €1,353 | = | 0.0% |
| Total equity and liabilities | 10/49 | €352,183 | €392,456 | +€40,274 | +11.4% |
| Equity | 10/15 | €61,953 | €55,462 | -€6,491 | -10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,493 | €35,002 | -€6,491 | -15.6% |
| Amounts payable | 17/49 | €290,229 | €336,994 | +€46,765 | +16.1% |
| Amounts payable after more than one year | 17 | €111,737 | €111,737 | = | 0.0% |
| Financial debts | 170/4 | €109,737 | €109,737 | = | 0.0% |
| Other amounts payable | 178/9 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €178,492 | €225,258 | +€46,765 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €18,023 | €2,424 | -€15,598 | -86.5% |
| Trade debts | 44 | €35,294 | €94,637 | +€59,343 | +168% |
| Suppliers | 440/4 | €35,294 | €94,637 | +€59,343 | +168% |
| Taxes, remuneration and social security | 45 | €10,789 | €4,289 | -€6,500 | -60.2% |
| Taxes | 450/3 | €10,789 | €4,289 | -€6,500 | -60.2% |
| Other amounts payable | 47/48 | €114,387 | €123,908 | +€9,520 | +8.3% |
| Remuneration, social security and pensions | 62 | €2,050 | €1,215 | -€835 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,161 | €18,542 | -€3,619 | -16.3% |
| Other operating charges | 640/8 | €8,237 | €13,631 | +€5,394 | +65.5% |
| Gross operating margin | 9900 | €37,981 | €28,050 | -€9,930 | -26.1% |
| Operating profit (loss) | 9901 | €5,533 | -€5,338 | -€10,870 | |
| Financial income | 75/76B | €61 | - | -€61 | |
| Recurring financial income | 75 | €61 | - | -€61 | |
| Financial charges | 65/66B | €4,235 | €1,154 | -€3,081 | -72.8% |
| Recurring financial charges | 65 | €4,235 | €1,154 | -€3,081 | -72.8% |
| Profit (loss) for the period before taxes | 9903 | €1,359 | -€6,491 | -€7,850 | |
| Income taxes | 67/77 | €4,101 | - | -€4,101 | |
| Profit (loss) for the period | 9904 | -€2,742 | -€6,491 | -€3,749 | -137% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,742 | -€6,491 | -€3,749 | -137% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.