GESSAVE: 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.
GESSAVE
Largest movements
- Cash +€21,100
up €21,100 (+119.6%), from €17,639 to €38,739
mainly Net result for the year (+€33,459) and Other debts (+€14,810)
- Receivables within one year +€17,125
up €17,125 (+22.0%), from €77,693 to €94,818
of which Trade receivables: +€26,659
- Stocks and contracts -€5,918
down €5,918 (-38.4%), from €15,393 to €9,474
- Other debts +€14,810
up €14,810 (+49.5%), from €29,943 to €44,752
- Tax, wage and social debts +€14,511
up €14,511 (+451.2%), from €3,216 to €17,727
- Reserves +€4,520
up €4,520 (+13.3%), from €34,000 to €38,520
- Gross operating margin +€33,407
up €33,407 (+239.7%), from €13,938 to €47,345
- Taxes +€8,706
up €8,706 (+278.2%), from €3,129 to €11,835
- Financial income -€615
down €615 (-74.5%), from €826 to €210
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,020 | €155,340 | +€31,320 | +25.3% |
| Fixed assets | 21/28 | €11,474 | €11,474 | = | 0.0% |
| Financial fixed assets | 28 | €11,474 | €11,474 | = | 0.0% |
| Current assets | 29/58 | €112,546 | €143,867 | +€31,320 | +27.8% |
| Stocks and contracts in progress | 3 | €15,393 | €9,474 | -€5,918 | -38.4% |
| Stocks | 30/36 | €15,393 | €9,474 | -€5,918 | -38.4% |
| Amounts receivable within one year | 40/41 | €77,693 | €94,818 | +€17,125 | +22.0% |
| Trade receivables | 40 | €68,158 | €94,818 | +€26,659 | +39.1% |
| Other amounts receivable | 41 | €9,535 | - | -€9,535 | |
| Cash at bank and in hand | 54/58 | €17,639 | €38,739 | +€21,100 | +119.6% |
| Deferred charges and accrued income | 490/1 | €1,821 | €835 | -€986 | -54.1% |
| Total equity and liabilities | 10/49 | €124,020 | €155,340 | +€31,320 | +25.3% |
| Equity | 10/15 | €54,893 | €58,352 | +€3,459 | +6.3% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €34,000 | €38,520 | +€4,520 | +13.3% |
| Distributable reserves | 133 | €34,000 | €38,520 | +€4,520 | +13.3% |
| Profit (loss) carried forward | 14 | €1,061 | - | -€1,061 | |
| Amounts payable | 17/49 | €69,128 | €96,989 | +€27,861 | +40.3% |
| Amounts payable within one year | 42/48 | €69,128 | €96,989 | +€27,861 | +40.3% |
| Trade debts | 44 | €35,969 | €34,509 | -€1,460 | -4.1% |
| Suppliers | 440/4 | €35,969 | €34,509 | -€1,460 | -4.1% |
| Taxes, remuneration and social security | 45 | €3,216 | €17,727 | +€14,511 | +451.2% |
| Taxes | 450/3 | €3,216 | €17,727 | +€14,511 | +451.2% |
| Other amounts payable | 47/48 | €29,943 | €44,752 | +€14,810 | +49.5% |
| Other operating charges | 640/8 | €671 | €622 | -€49 | -7.3% |
| Gross operating margin | 9900 | €13,938 | €47,345 | +€33,407 | +239.7% |
| Operating profit (loss) | 9901 | €13,267 | €46,723 | +€33,456 | +252.2% |
| Financial income | 75/76B | €826 | €210 | -€615 | -74.5% |
| Recurring financial income | 75 | €826 | €210 | -€615 | -74.5% |
| Financial charges | 65/66B | €1,799 | €1,639 | -€160 | -8.9% |
| Recurring financial charges | 65 | €1,799 | €1,639 | -€160 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €12,294 | €45,294 | +€33,001 | +268.4% |
| Income taxes | 67/77 | €3,129 | €11,835 | +€8,706 | +278.2% |
| Profit (loss) for the period | 9904 | €9,165 | €33,459 | +€24,294 | +265.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,165 | €33,459 | +€24,294 | +265.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.