GESS: 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.
GESS
Largest movements
- Cash +€761,224
up €761,224 (+316%), from €240,760 to €1.0m
mainly Other debts (+€3.8m) and Net result for the year (+€2.4m)
- Financial fixed assets -€613,511
down €613,511 (-5.5%), from €11.2m to €10.5m
- Receivables within one year +€607,315
up €607,315 (+1,723%), from €35,250 to €642,565
- Current investments +€500,000
new in 2025: €500,000
- Contributions -€4.0m
down €4.0m (-39.9%), from €10.0m to €6.0m
- Other debts +€3.8m
up €3.8m (+300%), from €1.3m to €5.0m
- Reserves +€1.4m
up €1.4m (+1,106%), from €126,216 to €1.5m
- Financial income +€686,898
up €686,898 (+53.7%), from €1.3m to €2.0m
- Gross operating margin +€511,715
up €511,715 (+626%), from €81,684 to €593,399
- Taxes +€123,713
up €123,713 (+439%), from €28,165 to €151,878
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 | €11,436,010 | €12,691,038 | +€1.3m | +11.0% |
| Fixed assets | 21/28 | €11,160,000 | €10,546,489 | -€613,511 | -5.5% |
| Financial fixed assets | 28 | €11,160,000 | €10,546,489 | -€613,511 | -5.5% |
| Current assets | 29/58 | €276,010 | €2,144,549 | +€1.9m | +677% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €35,250 | €642,565 | +€607,315 | +1,723% |
| Trade receivables | 40 | €35,250 | €642,565 | +€607,315 | +1,723% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €240,760 | €1,001,984 | +€761,224 | +316% |
| Total equity and liabilities | 10/49 | €11,436,010 | €12,691,038 | +€1.3m | +11.0% |
| Equity | 10/15 | €10,136,216 | €7,541,343 | -€2.6m | -25.6% |
| Contributions | 10/11 | €10,010,000 | €6,019,199 | -€4.0m | -39.9% |
| Reserves | 13 | €126,216 | €1,522,144 | +€1.4m | +1,106% |
| Distributable reserves | 133 | €126,216 | €1,522,144 | +€1.4m | +1,106% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,299,794 | €5,149,695 | +€3.8m | +296% |
| Amounts payable within one year | 42/48 | €1,299,794 | €5,149,695 | +€3.8m | +296% |
| Trade debts | 44 | €30,066 | €30,133 | +€66 | +0.2% |
| Suppliers | 440/4 | €30,066 | €30,133 | +€66 | +0.2% |
| Taxes, remuneration and social security | 45 | €19,728 | €119,562 | +€99,834 | +506% |
| Taxes | 450/3 | €19,728 | €119,562 | +€99,834 | +506% |
| Other amounts payable | 47/48 | €1,250,000 | €5,000,000 | +€3.8m | +300% |
| Other operating charges | 640/8 | €291 | €1,225 | +€935 | +322% |
| Gross operating margin | 9900 | €81,684 | €593,399 | +€511,715 | +626% |
| Operating profit (loss) | 9901 | €81,394 | €592,174 | +€510,781 | +628% |
| Financial income | 75/76B | €1,278,233 | €1,965,131 | +€686,898 | +53.7% |
| Recurring financial income | 75 | €1,278,233 | €1,965,131 | +€686,898 | +53.7% |
| Financial charges | 65/66B | €1,093 | €300 | -€793 | -72.5% |
| Recurring financial charges | 65 | €1,093 | €300 | -€793 | -72.5% |
| Profit (loss) for the period before taxes | 9903 | €1,358,534 | €2,557,005 | +€1.2m | +88.2% |
| Income taxes | 67/77 | €28,165 | €151,878 | +€123,713 | +439% |
| Profit (loss) for the period | 9904 | €1,330,369 | €2,405,127 | +€1.1m | +80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,330,369 | €2,405,127 | +€1.1m | +80.8% |
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 27 October 2026 via checked.be.