GEST-FISCO: what changed
GEST-FISCO
Largest movements
- Receivables within one year -€18,268
down €18,268 (-15.7%), from €116,484 to €98,216
of which Other amounts receivable: -€37,601
- Tangible fixed assets -€6,510
down €6,510 (-82.5%), from €7,891 to €1,381
of which Other tangible fixed assets: -€5,504
- Debts after one year -€27,480
down €27,480 (-88.7%), from €30,968 to €3,489
- Current portion of long-term debt +€13,200
new in 2025: €13,200
- Tax, wage and social debts -€7,939
down €7,939 (-85.9%), from €9,238 to €1,299
- Trade debts -€4,564
down €4,564 (-15.5%), from €29,432 to €24,868
- Other debts -€3,544
down €3,544 (-45.8%), from €7,743 to €4,198
- Gross operating margin -€10,276
down €10,276 (-45.2%), from €22,749 to €12,474
- Financial charges -€2,651
down €2,651 (-53.5%), from €4,958 to €2,307
- Other operating charges -€2,032
down €2,032 (-66.3%), from €3,066 to €1,033
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,037 | €101,259 | -€24,778 | -19.7% |
| Formation expenses | 20 | €1,662 | €1,662 | = | 0.0% |
| Fixed assets | 21/28 | €7,891 | €1,381 | -€6,510 | -82.5% |
| Tangible fixed assets | 22/27 | €7,891 | €1,381 | -€6,510 | -82.5% |
| Plant, machinery and equipment | 23 | €1,006 | - | -€1,006 | |
| Other tangible fixed assets | 26 | €6,886 | €1,381 | -€5,504 | -79.9% |
| Current assets | 29/58 | €116,484 | €98,216 | -€18,268 | -15.7% |
| Amounts receivable within one year | 40/41 | €116,484 | €98,216 | -€18,268 | -15.7% |
| Trade receivables | 40 | €78,527 | €97,860 | +€19,333 | +24.6% |
| Other amounts receivable | 41 | €37,957 | €356 | -€37,601 | -99.1% |
| Total equity and liabilities | 10/49 | €126,037 | €101,259 | -€24,778 | -19.7% |
| Equity | 10/15 | €16,494 | €19,117 | +€2,623 | +15.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €8,434 | €11,057 | +€2,623 | +31.1% |
| Amounts payable | 17/49 | €109,544 | €82,142 | -€27,401 | -25.0% |
| Amounts payable after more than one year | 17 | €30,968 | €3,489 | -€27,480 | -88.7% |
| Financial debts | 170/4 | €30,968 | €3,489 | -€27,480 | -88.7% |
| Amounts payable within one year | 42/48 | €78,575 | €78,653 | +€78 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | - | €13,200 | +€13,200 | |
| Financial debts | 43 | €13,088 | €13,417 | +€329 | +2.5% |
| Credit institutions | 430/8 | €13,088 | €13,417 | +€329 | +2.5% |
| Trade debts | 44 | €29,432 | €24,868 | -€4,564 | -15.5% |
| Suppliers | 440/4 | €29,432 | €24,868 | -€4,564 | -15.5% |
| Advances received on contracts in progress | 46 | €19,074 | €21,671 | +€2,597 | +13.6% |
| Taxes, remuneration and social security | 45 | €9,238 | €1,299 | -€7,939 | -85.9% |
| Taxes | 450/3 | €9,238 | €1,299 | -€7,939 | -85.9% |
| Other amounts payable | 47/48 | €7,743 | €4,198 | -€3,544 | -45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,510 | €6,510 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,066 | €1,033 | -€2,032 | -66.3% |
| Gross operating margin | 9900 | €22,749 | €12,474 | -€10,276 | -45.2% |
| Operating profit (loss) | 9901 | €13,173 | €4,930 | -€8,243 | -62.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €4,958 | €2,307 | -€2,651 | -53.5% |
| Recurring financial charges | 65 | €4,958 | €2,307 | -€2,651 | -53.5% |
| Profit (loss) for the period before taxes | 9903 | €8,216 | €2,623 | -€5,593 | -68.1% |
| Income taxes | 67/77 | €131 | - | -€131 | |
| Profit (loss) for the period | 9904 | €8,084 | €2,623 | -€5,461 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,084 | €2,623 | -€5,461 | -67.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.