GESSOFIN: 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.
GESSOFIN
Largest movements
- Receivables within one year -€32,307
down €32,307 (-41.1%), from €78,657 to €46,350
of which Trade receivables: -€26,047
- Cash +€13,711
up €13,711 (+83.6%), from €16,394 to €30,105
mainly Receivables within one year (+€32,307) and Depreciation (+€9,908)
- Tangible fixed assets +€5,783
up €5,783 (+42.5%), from €13,612 to €19,395
of which Furniture and vehicles: +€10,053
- Deferred charges and accrued income -€2,598
down €2,598 (-89.7%), from €2,895 to €297
- Tax, wage and social debts -€18,628
down €18,628 (-96.2%), from €19,355 to €727
of which Taxes: -€9,833
- Trade debts +€5,948
up €5,948 (+9.6%), from €61,844 to €67,792
- Other debts +€4,133
up €4,133 (+14.6%), from €28,370 to €32,503
- Current portion of long-term debt -€3,389
down €3,389 (-74.1%), from €4,571 to €1,182
- Profit (loss) carried forward -€2,293
down €2,293 (-2.4%), from €93,677 to €91,384
- Gross operating margin +€51,891
up €51,891, from -€29,282 to €22,609
- Staff costs -€23,451
down €23,451 (-62.8%), from €37,315 to €13,864
- Other operating charges -€810
down €810 (-27.1%), from €2,992 to €2,182
- Financial income +€599
up €599 (+72.0%), from €832 to €1,431
- Depreciation +€580
up €580 (+6.2%), from €9,328 to €9,908
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 | €215,200 | €199,788 | -€15,412 | -7.2% |
| Fixed assets | 21/28 | €117,254 | €123,037 | +€5,783 | +4.9% |
| Tangible fixed assets | 22/27 | €13,612 | €19,395 | +€5,783 | +42.5% |
| Furniture and vehicles | 24 | €4,943 | €14,996 | +€10,053 | +203% |
| Leasing and similar rights | 25 | €8,669 | €4,399 | -€4,270 | -49.3% |
| Financial fixed assets | 28 | €103,642 | €103,642 | = | 0.0% |
| Current assets | 29/58 | €97,946 | €76,751 | -€21,195 | -21.6% |
| Amounts receivable within one year | 40/41 | €78,657 | €46,350 | -€32,307 | -41.1% |
| Trade receivables | 40 | €44,682 | €18,635 | -€26,047 | -58.3% |
| Other amounts receivable | 41 | €33,975 | €27,715 | -€6,260 | -18.4% |
| Cash at bank and in hand | 54/58 | €16,394 | €30,105 | +€13,711 | +83.6% |
| Deferred charges and accrued income | 490/1 | €2,895 | €297 | -€2,598 | -89.7% |
| Total equity and liabilities | 10/49 | €215,200 | €199,788 | -€15,412 | -7.2% |
| Equity | 10/15 | €99,877 | €97,584 | -€2,293 | -2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,677 | €91,384 | -€2,293 | -2.4% |
| Amounts payable | 17/49 | €115,323 | €102,204 | -€13,119 | -11.4% |
| Amounts payable after more than one year | 17 | €1,183 | - | -€1,183 | |
| Financial debts | 170/4 | €1,183 | - | -€1,183 | |
| Amounts payable within one year | 42/48 | €114,140 | €102,204 | -€11,936 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €4,571 | €1,182 | -€3,389 | -74.1% |
| Trade debts | 44 | €61,844 | €67,792 | +€5,948 | +9.6% |
| Suppliers | 440/4 | €61,844 | €67,792 | +€5,948 | +9.6% |
| Taxes, remuneration and social security | 45 | €19,355 | €727 | -€18,628 | -96.2% |
| Taxes | 450/3 | €9,833 | - | -€9,833 | |
| Remuneration and social security | 454/9 | €9,522 | €727 | -€8,795 | -92.4% |
| Other amounts payable | 47/48 | €28,370 | €32,503 | +€4,133 | +14.6% |
| Remuneration, social security and pensions | 62 | €37,315 | €13,864 | -€23,451 | -62.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,328 | €9,908 | +€580 | +6.2% |
| Other operating charges | 640/8 | €2,992 | €2,182 | -€810 | -27.1% |
| Gross operating margin | 9900 | -€29,282 | €22,609 | +€51,891 | |
| Operating profit (loss) | 9901 | -€78,917 | -€3,344 | +€75,573 | +95.8% |
| Financial income | 75/76B | €832 | €1,431 | +€599 | +72.0% |
| Recurring financial income | 75 | €832 | €1,431 | +€599 | +72.0% |
| Financial charges | 65/66B | €229 | €380 | +€151 | +66.0% |
| Recurring financial charges | 65 | €229 | €380 | +€151 | +66.0% |
| Profit (loss) for the period before taxes | 9903 | -€78,314 | -€2,293 | +€76,021 | +97.1% |
| Profit (loss) for the period | 9904 | -€78,314 | -€2,293 | +€76,021 | +97.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,314 | -€2,293 | +€76,021 | +97.1% |
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 16 October 2026 via checked.be.