GEST-IMMO: what changed
Two fiscal 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.
What changed
GEST-IMMO
fiscal year 2020 against 2021filed annual accounts (NBB)
Net result for the year
€53,350
2020 · -€30,119+€83,469
Equity
€2.2m
2020 · €2.2m+€53,350
Cash
€1,122
2020 · €16,678-€15,556
Balance sheet total
€3.5m
2020 · €3.4m+€31,540
Largest movements
Assets
- Receivables within one year +€57,955
up €57,955 (+38.4%), from €150,740 to €208,695
Equity and liabilities
- Profit (loss) carried forward +€53,350
up €53,350 (+55.5%), from -€96,076 to -€42,726
Income statement
- Gross operating margin +€51,509
up €51,509 (+451.7%), from €11,404 to €62,913
- Financial charges -€20,311
down €20,311 (-97.2%), from €20,904 to €593
- Other operating charges -€14,126
down €14,126 (-68.9%), from €20,505 to €6,379
- Financial income -€2,478
down €2,478 (-23.1%), from €10,745 to €8,267
From the 2020 result to the 2021 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.
Result 2020
-€30,119
Gross operating margin
+€51,509
Other operating charges
+€14,126
Financial income
-€2,478
Financial charges
+€20,311
Result 2021
€53,350
Cash bridge derived
Derived from the 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€16,930
Investment
€0
Financing
+€1,374
Cash 2020
€16,678
From operations (derived)
-€16,930
Net result for the year
+€53,350
Depreciation
+€10,859
Receivables within one year
-€57,955
Trade debts
+€6,379
Tax, wage and social debts
-€29,563
Financing
+€1,374
Debts after one year
+€22,500
Current portion of long-term debt
-€21,126
Cash 2021
€1,122
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,447,474 | €3,479,014 | +€31,540 | +0.9% |
| Fixed assets | 21/28 | €3,280,056 | €3,269,197 | -€10,859 | -0.3% |
| Tangible fixed assets | 22/27 | €2,382,549 | €2,371,690 | -€10,859 | -0.5% |
| Land and buildings | 22 | €2,382,549 | €2,371,690 | -€10,859 | -0.5% |
| Financial fixed assets | 28 | €897,508 | €897,508 | = | 0.0% |
| Current assets | 29/58 | €167,418 | €209,817 | +€42,399 | +25.3% |
| Amounts receivable within one year | 40/41 | €150,740 | €208,695 | +€57,955 | +38.4% |
| Other amounts receivable | 41 | €150,740 | €208,695 | +€57,955 | +38.4% |
| Cash at bank and in hand | 54/58 | €16,678 | €1,122 | -€15,556 | -93.3% |
| Total equity and liabilities | 10/49 | €3,447,474 | €3,479,014 | +€31,540 | +0.9% |
| Equity | 10/15 | €2,151,494 | €2,204,843 | +€53,350 | +2.5% |
| 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% |
| Revaluation surpluses | 12 | €2,165,765 | €2,165,765 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,076 | -€42,726 | +€53,350 | +55.5% |
| Provisions and deferred taxes | 16 | €300,000 | €300,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €300,000 | €300,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable | 17/49 | €995,980 | €974,171 | -€21,810 | -2.2% |
| Amounts payable after more than one year | 17 | €692,217 | €714,717 | +€22,500 | +3.3% |
| Financial debts | 170/4 | €692,217 | €692,217 | = | 0.0% |
| Other amounts payable | 178/9 | - | €22,500 | +€22,500 | |
| Amounts payable within one year | 42/48 | €216,180 | €171,871 | -€44,310 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €83,216 | €62,090 | -€21,126 | -25.4% |
| Trade debts | 44 | €92,435 | €98,814 | +€6,379 | +6.9% |
| Suppliers | 440/4 | €92,435 | €98,814 | +€6,379 | +6.9% |
| Taxes, remuneration and social security | 45 | €40,529 | €10,967 | -€29,563 | -72.9% |
| Taxes | 450/3 | €39,330 | €9,768 | -€29,563 | -75.2% |
| Remuneration and social security | 454/9 | €1,199 | €1,199 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €87,583 | €87,583 | = | 0.0% |
| Non-recurring operating income | 76A | €11,559 | - | -€11,559 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,859 | €10,859 | = | 0.0% |
| Other operating charges | 640/8 | €20,505 | €6,379 | -€14,126 | -68.9% |
| Gross operating margin | 9900 | €11,404 | €62,913 | +€51,509 | +451.7% |
| Operating profit (loss) | 9901 | -€19,961 | €45,675 | +€65,636 | |
| Financial income | 75/76B | €10,745 | €8,267 | -€2,478 | -23.1% |
| Recurring financial income | 75 | €10,745 | €8,267 | -€2,478 | -23.1% |
| Financial charges | 65/66B | €20,904 | €593 | -€20,311 | -97.2% |
| Recurring financial charges | 65 | €20,904 | €593 | -€20,311 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | -€30,119 | €53,350 | +€83,469 | |
| Profit (loss) for the period | 9904 | -€30,119 | €53,350 | +€83,469 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,119 | €53,350 | +€83,469 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.