GEST - CREDIT: 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 - CREDIT
Largest movements
- Cash -€4,930
down €4,930 (-87.7%), from €5,620 to €691
mainly Other debts (-€5,275) and Net result for the year (-€2,076)
- Tangible fixed assets -€2,898
down €2,898 (-13.8%), from €21,021 to €18,123
of which Land and buildings: -€1,950
- Receivables within one year -€1,138
down €1,138 (-64.7%), from €1,760 to €621
- Other debts -€5,275
down €5,275 (-7.7%), from €68,827 to €63,553
- Profit (loss) carried forward -€2,076
down €2,076 (-2.7%), from -€76,127 to -€78,203
- Trade debts -€1,550
down €1,550 (-100.0%), from €1,550 to €0
- Financial charges -€9,086
down €9,086 (-95.3%), from €9,536 to €451
- Gross operating margin -€2,458
down €2,458 (-50.2%), from €4,896 to €2,438
- Depreciation +€2,174
up €2,174 (+300.0%), from €725 to €2,898
- Other operating charges -€72
down €72 (-5.8%), from €1,237 to €1,165
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
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 | €28,402 | €19,435 | -€8,966 | -31.6% |
| Fixed assets | 21/28 | €21,021 | €18,123 | -€2,898 | -13.8% |
| Tangible fixed assets | 22/27 | €21,021 | €18,123 | -€2,898 | -13.8% |
| Land and buildings | 22 | €17,565 | €15,615 | -€1,950 | -11.1% |
| Plant, machinery and equipment | 23 | €3,457 | €2,508 | -€948 | -27.4% |
| Current assets | 29/58 | €7,380 | €1,312 | -€6,068 | -82.2% |
| Amounts receivable within one year | 40/41 | €1,760 | €621 | -€1,138 | -64.7% |
| Trade receivables | 40 | €1,760 | €621 | -€1,138 | -64.7% |
| Cash at bank and in hand | 54/58 | €5,620 | €691 | -€4,930 | -87.7% |
| Total equity and liabilities | 10/49 | €28,402 | €19,435 | -€8,966 | -31.6% |
| Equity | 10/15 | -€42,042 | -€44,118 | -€2,076 | -4.9% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,127 | -€78,203 | -€2,076 | -2.7% |
| Amounts payable | 17/49 | €70,443 | €63,553 | -€6,890 | -9.8% |
| Amounts payable within one year | 42/48 | €70,443 | €63,553 | -€6,890 | -9.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,550 | €0 | -€1,550 | -100.0% |
| Suppliers | 440/4 | €1,550 | €0 | -€1,550 | -100.0% |
| Taxes, remuneration and social security | 45 | €66 | €0 | -€66 | -100.0% |
| Taxes | 450/3 | €66 | €0 | -€66 | -100.0% |
| Other amounts payable | 47/48 | €68,827 | €63,553 | -€5,275 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €725 | €2,898 | +€2,174 | +300.0% |
| Other operating charges | 640/8 | €1,237 | €1,165 | -€72 | -5.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €4,896 | €2,438 | -€2,458 | -50.2% |
| Operating profit (loss) | 9901 | €2,934 | -€1,625 | -€4,559 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €9,536 | €451 | -€9,086 | -95.3% |
| Recurring financial charges | 65 | €9,536 | €451 | -€9,086 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,603 | -€2,076 | +€4,527 | +68.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€6,603 | -€2,076 | +€4,527 | +68.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,603 | -€2,076 | +€4,527 | +68.6% |
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 10 October 2026 via checked.be.