GESSOFOR: 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.
GESSOFOR
Largest movements
- Receivables within one year +€247,587
up €247,587 (+158%), from €156,935 to €404,522
of which Trade receivables: +€204,099
- Tangible fixed assets -€208,860
down €208,860 (-20.2%), from €1.0m to €824,624
of which Furniture and vehicles: -€194,388
- Cash -€65,589
down €65,589 (-18.4%), from €355,848 to €290,259
mainly Receivables within one year (-€247,587) and Current portion of long-term debt (-€146,623)
- Current portion of long-term debt -€146,623
down €146,623 (-71.0%), from €206,524 to €59,901
- Trade debts +€99,729
up €99,729 (+39.8%), from €250,707 to €350,436
- Profit (loss) carried forward +€66,671
up €66,671 (+11.8%), from €565,379 to €632,049
- Debts after one year -€59,901
down €59,901 (-70.5%), from €84,912 to €25,010
- Purchases and services +€1.3m
new in 2025: €1.3m
- Staff costs +€120,497
up €120,497 (+45.0%), from €267,599 to €388,096
- Gross operating margin +€107,773
up €107,773 (+15.8%), from €681,001 to €788,774
- Other operating charges +€16,742
up €16,742 (+151%), from €11,055 to €27,797
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 | €1,552,896 | €1,525,502 | -€27,394 | -1.8% |
| Fixed assets | 21/28 | €1,033,484 | €824,624 | -€208,860 | -20.2% |
| Tangible fixed assets | 22/27 | €1,033,484 | €824,624 | -€208,860 | -20.2% |
| Land and buildings | 22 | €287,181 | €268,321 | -€18,860 | -6.6% |
| Plant, machinery and equipment | 23 | €22,146 | €26,534 | +€4,388 | +19.8% |
| Furniture and vehicles | 24 | €724,157 | €529,770 | -€194,388 | -26.8% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €519,412 | €700,878 | +€181,466 | +34.9% |
| Amounts receivable within one year | 40/41 | €156,935 | €404,522 | +€247,587 | +158% |
| Trade receivables | 40 | €119,196 | €323,295 | +€204,099 | +171% |
| Other amounts receivable | 41 | €37,739 | €81,227 | +€43,488 | +115% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €355,848 | €290,259 | -€65,589 | -18.4% |
| Deferred charges and accrued income | 490/1 | €6,629 | €6,096 | -€533 | -8.0% |
| Total equity and liabilities | 10/49 | €1,552,896 | €1,525,502 | -€27,394 | -1.8% |
| Equity | 10/15 | €977,767 | €1,044,437 | +€66,671 | +6.8% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €338,020 | €338,020 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €330,583 | €330,583 | = | 0.0% |
| Profit (loss) carried forward | 14 | €565,379 | €632,049 | +€66,671 | +11.8% |
| Amounts payable | 17/49 | €575,129 | €481,064 | -€94,065 | -16.4% |
| Amounts payable after more than one year | 17 | €84,912 | €25,010 | -€59,901 | -70.5% |
| Financial debts | 170/4 | €84,912 | €25,010 | -€59,901 | -70.5% |
| Amounts payable within one year | 42/48 | €490,218 | €456,054 | -€34,164 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €206,524 | €59,901 | -€146,623 | -71.0% |
| Trade debts | 44 | €250,707 | €350,436 | +€99,729 | +39.8% |
| Suppliers | 440/4 | €250,707 | €350,436 | +€99,729 | +39.8% |
| Taxes, remuneration and social security | 45 | €32,987 | €45,717 | +€12,730 | +38.6% |
| Taxes | 450/3 | - | €0 | = | |
| Remuneration and social security | 454/9 | €32,987 | €45,717 | +€12,730 | +38.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €89,511 | - | -€89,511 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,259,050 | +€1.3m | |
| Remuneration, social security and pensions | 62 | €267,599 | €388,096 | +€120,497 | +45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €285,343 | €282,972 | -€2,371 | -0.8% |
| Other operating charges | 640/8 | €11,055 | €27,797 | +€16,742 | +151% |
| Gross operating margin | 9900 | €681,001 | €788,774 | +€107,773 | +15.8% |
| Operating profit (loss) | 9901 | €117,005 | €89,909 | -€27,095 | -23.2% |
| Financial income | 75/76B | €285 | €552 | +€267 | +93.8% |
| Recurring financial income | 75 | €285 | €552 | +€267 | +93.8% |
| Financial charges | 65/66B | €9,392 | €9,245 | -€147 | -1.6% |
| Recurring financial charges | 65 | €9,392 | €9,245 | -€147 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €107,898 | €81,217 | -€26,681 | -24.7% |
| Income taxes | 67/77 | €11,462 | €14,546 | +€3,084 | +26.9% |
| Profit (loss) for the period | 9904 | €96,436 | €66,671 | -€29,765 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €96,436 | €66,671 | -€29,765 | -30.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.