Gesquiere: 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.
Gesquiere
Largest movements
- Tangible fixed assets -€129,245
down €129,245 (-6.8%), from €1.9m to €1.8m
of which Other tangible fixed assets: -€782,983
- Receivables within one year +€111,384
up €111,384 (+12.2%), from €913,135 to €1.0m
of which Trade receivables: +€216,767
- Cash +€52,439
up €52,439 (+206.6%), from €25,388 to €77,828
mainly Depreciation (+€660,194) and Net result for the year (+€159,627)
- Trade debts +€133,613
up €133,613 (+26.3%), from €508,233 to €641,846
- Reserves +€110,441
up €110,441 (+28.5%), from €387,440 to €497,882
- Other debts -€110,000
down €110,000 (-68.8%), from €160,000 to €50,000
- Current portion of long-term debt -€93,992
down €93,992 (-17.7%), from €529,609 to €435,617
- Tax, wage and social debts +€52,827
up €52,827 (+32.4%), from €162,819 to €215,647
of which Taxes: +€27,005
- Gross operating margin +€340,173
up €340,173 (+15.2%), from €2.2m to €2.6m
- Staff costs +€179,181
up €179,181 (+14.7%), from €1.2m to €1.4m
- Depreciation +€64,259
up €64,259 (+10.8%), from €595,935 to €660,194
- Other operating charges +€32,027
up €32,027 (+16.6%), from €193,508 to €225,535
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 | €2,897,404 | €2,941,517 | +€44,113 | +1.5% |
| Fixed assets | 21/28 | €1,905,387 | €1,773,642 | -€131,745 | -6.9% |
| Tangible fixed assets | 22/27 | €1,902,277 | €1,773,032 | -€129,245 | -6.8% |
| Land and buildings | 22 | €450,777 | €437,841 | -€12,936 | -2.9% |
| Plant, machinery and equipment | 23 | €22,810 | €33,431 | +€10,621 | +46.6% |
| Furniture and vehicles | 24 | €645,707 | €410,993 | -€234,714 | -36.3% |
| Leasing and similar rights | 25 | €0 | €890,767 | +€890,767 | |
| Other tangible fixed assets | 26 | €782,983 | - | -€782,983 | |
| Financial fixed assets | 28 | €3,110 | €610 | -€2,500 | -80.4% |
| Current assets | 29/58 | €992,017 | €1,167,875 | +€175,858 | +17.7% |
| Amounts receivable within one year | 40/41 | €913,135 | €1,024,519 | +€111,384 | +12.2% |
| Trade receivables | 40 | €758,139 | €974,907 | +€216,767 | +28.6% |
| Other amounts receivable | 41 | €154,996 | €49,612 | -€105,384 | -68.0% |
| Current investments | 50/53 | €13 | €0 | -€13 | -100.0% |
| Cash at bank and in hand | 54/58 | €25,388 | €77,828 | +€52,439 | +206.6% |
| Deferred charges and accrued income | 490/1 | €53,481 | €65,529 | +€12,048 | +22.5% |
| Total equity and liabilities | 10/49 | €2,897,404 | €2,941,517 | +€44,113 | +1.5% |
| Equity | 10/15 | €708,370 | €817,997 | +€109,627 | +15.5% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Revaluation surpluses | 12 | €171,379 | €171,379 | = | 0.0% |
| Reserves | 13 | €387,440 | €497,882 | +€110,441 | +28.5% |
| Distributable reserves | 133 | €387,440 | €497,882 | +€110,441 | +28.5% |
| Profit (loss) carried forward | 14 | €814 | €0 | -€814 | -100.0% |
| Amounts payable | 17/49 | €2,189,034 | €2,123,520 | -€65,514 | -3.0% |
| Amounts payable after more than one year | 17 | €777,455 | €729,928 | -€47,527 | -6.1% |
| Financial debts | 170/4 | €777,455 | €729,928 | -€47,527 | -6.1% |
| Amounts payable within one year | 42/48 | €1,411,579 | €1,393,592 | -€17,987 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €529,609 | €435,617 | -€93,992 | -17.7% |
| Financial debts | 43 | €50,918 | €50,482 | -€436 | -0.9% |
| Credit institutions | 430/8 | €50,918 | €50,000 | -€918 | -1.8% |
| Other loans | 439 | - | €482 | +€482 | |
| Trade debts | 44 | €508,233 | €641,846 | +€133,613 | +26.3% |
| Suppliers | 440/4 | €508,233 | €641,846 | +€133,613 | +26.3% |
| Taxes, remuneration and social security | 45 | €162,819 | €215,647 | +€52,827 | +32.4% |
| Taxes | 450/3 | €18,918 | €45,923 | +€27,005 | +142.7% |
| Remuneration and social security | 454/9 | €143,901 | €169,724 | +€25,823 | +17.9% |
| Other amounts payable | 47/48 | €160,000 | €50,000 | -€110,000 | -68.8% |
| Non-recurring operating income | 76A | €27,994 | €4,337 | -€23,658 | -84.5% |
| Remuneration, social security and pensions | 62 | €1,222,566 | €1,401,746 | +€179,181 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €595,935 | €660,194 | +€64,259 | +10.8% |
| Other operating charges | 640/8 | €193,508 | €225,535 | +€32,027 | +16.6% |
| Non-recurring operating charges | 66A | €464 | €0 | -€464 | -100.0% |
| Gross operating margin | 9900 | €2,230,842 | €2,571,015 | +€340,173 | +15.2% |
| Operating profit (loss) | 9901 | €218,369 | €283,540 | +€65,171 | +29.8% |
| Financial income | 75/76B | €36 | €4,576 | +€4,541 | +12776.6% |
| Recurring financial income | 75 | €36 | €4,576 | +€4,541 | +12776.6% |
| Financial charges | 65/66B | €59,949 | €65,329 | +€5,381 | +9.0% |
| Recurring financial charges | 65 | €59,949 | €65,329 | +€5,381 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €158,456 | €222,787 | +€64,331 | +40.6% |
| Income taxes | 67/77 | €38,273 | €63,160 | +€24,887 | +65.0% |
| Profit (loss) for the period | 9904 | €120,183 | €159,627 | +€39,444 | +32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €120,183 | €159,627 | +€39,444 | +32.8% |
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 12 October 2026 via checked.be.