GEST BAT: 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.
GEST BAT
Largest movements
- Receivables within one year +€92,091
up €92,091 (+78.0%), from €118,029 to €210,120
of which Trade receivables: +€92,751
- Tangible fixed assets -€6,178
down €6,178 (-32.9%), from €18,773 to €12,595
of which Furniture and vehicles: -€5,865
- Trade debts +€102,002
up €102,002 (+808.6%), from €12,615 to €114,617
- Accrued charges and deferred income -€23,933
down €23,933 (-94.0%), from €25,469 to €1,536
- Short-term financial debts +€9,059
up €9,059 (+42.7%), from €21,230 to €30,289
- Gross operating margin -€4,111
down €4,111 (-27.6%), from €14,873 to €10,762
- Depreciation -€1,414
down €1,414 (-16.1%), from €8,767 to €7,353
- Other operating charges -€714
down €714 (-52.0%), from €1,374 to €660
- Financial charges -€338
down €338 (-12.7%), from €2,651 to €2,313
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,802 | €222,715 | +€85,913 | +62.8% |
| Fixed assets | 21/28 | €18,773 | €12,595 | -€6,178 | -32.9% |
| Tangible fixed assets | 22/27 | €18,773 | €12,595 | -€6,178 | -32.9% |
| Plant, machinery and equipment | 23 | €952 | €639 | -€313 | -32.9% |
| Furniture and vehicles | 24 | €17,821 | €11,956 | -€5,865 | -32.9% |
| Current assets | 29/58 | €118,029 | €210,120 | +€92,091 | +78.0% |
| Amounts receivable within one year | 40/41 | €118,029 | €210,120 | +€92,091 | +78.0% |
| Trade receivables | 40 | €111,926 | €204,677 | +€92,751 | +82.9% |
| Other amounts receivable | 41 | €6,103 | €5,443 | -€660 | -10.8% |
| Total equity and liabilities | 10/49 | €136,802 | €222,715 | +€85,913 | +62.8% |
| Equity | 10/15 | €70,448 | €69,935 | -€513 | -0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,988 | €49,475 | -€513 | -1.0% |
| Amounts payable | 17/49 | €66,354 | €152,780 | +€86,426 | +130.2% |
| Amounts payable within one year | 42/48 | €40,885 | €151,244 | +€110,359 | +269.9% |
| Financial debts | 43 | €21,230 | €30,289 | +€9,059 | +42.7% |
| Credit institutions | 430/8 | €21,230 | €30,289 | +€9,059 | +42.7% |
| Trade debts | 44 | €12,615 | €114,617 | +€102,002 | +808.6% |
| Suppliers | 440/4 | €12,615 | €114,617 | +€102,002 | +808.6% |
| Taxes, remuneration and social security | 45 | €3,818 | €2,699 | -€1,119 | -29.3% |
| Taxes | 450/3 | €2,331 | €2,699 | +€368 | +15.8% |
| Remuneration and social security | 454/9 | €1,487 | - | -€1,487 | |
| Other amounts payable | 47/48 | €3,222 | €3,639 | +€417 | +12.9% |
| Accrued charges and deferred income | 492/3 | €25,469 | €1,536 | -€23,933 | -94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,767 | €7,353 | -€1,414 | -16.1% |
| Other operating charges | 640/8 | €1,374 | €660 | -€714 | -52.0% |
| Gross operating margin | 9900 | €14,873 | €10,762 | -€4,111 | -27.6% |
| Operating profit (loss) | 9901 | €4,732 | €2,749 | -€1,983 | -41.9% |
| Financial income | 75/76B | €1 | €10 | +€9 | +900.0% |
| Recurring financial income | 75 | €1 | €10 | +€9 | +900.0% |
| Financial charges | 65/66B | €2,651 | €2,313 | -€338 | -12.7% |
| Recurring financial charges | 65 | €2,651 | €2,313 | -€338 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €2,082 | €446 | -€1,636 | -78.6% |
| Income taxes | 67/77 | €1,065 | €959 | -€106 | -10.0% |
| Profit (loss) for the period | 9904 | €1,017 | -€513 | -€1,530 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,017 | -€513 | -€1,530 |
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.