GESTA-TEC: 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.
GESTA-TEC
Largest movements
- Cash +€33,066
up €33,066 (+392.4%), from €8,426 to €41,491
mainly Depreciation (+€31,913) and Net result for the year (+€28,014)
- Tangible fixed assets -€32,001
down €32,001 (-14.7%), from €217,318 to €185,317
of which Land and buildings: -€22,415
- Receivables within one year -€7,771
down €7,771 (-1.4%), from €538,772 to €531,001
of which Trade receivables: -€98,582
- Profit (loss) carried forward +€28,014
up €28,014 (+21.4%), from €131,054 to €159,068
- Debts after one year -€25,553
down €25,553 (-24.0%), from €106,349 to €80,796
- Trade debts -€18,076
down €18,076 (-11.0%), from €164,450 to €146,374
- Other debts +€13,347
up €13,347 (+16.3%), from €81,701 to €95,049
- Tax, wage and social debts -€12,862
no longer reported in 2024 (was €12,862)
of which Taxes: -€11,126
- Gross operating margin +€15,290
up €15,290 (+16.9%), from €90,309 to €105,600
- Staff costs -€5,967
down €5,967, from €5,599 to -€369
- Depreciation -€2,205
down €2,205 (-6.5%), from €34,117 to €31,913
- Other operating charges +€1,743
up €1,743 (+30.0%), from €5,816 to €7,559
- Financial charges -€1,232
down €1,232 (-10.6%), from €11,644 to €10,411
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €767,869 | €764,273 | -€3,596 | -0.5% |
| Fixed assets | 21/28 | €218,327 | €186,326 | -€32,001 | -14.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €217,318 | €185,317 | -€32,001 | -14.7% |
| Land and buildings | 22 | €179,601 | €157,187 | -€22,415 | -12.5% |
| Furniture and vehicles | 24 | €37,716 | €28,130 | -€9,586 | -25.4% |
| Financial fixed assets | 28 | €1,009 | €1,009 | = | 0.0% |
| Current assets | 29/58 | €549,542 | €577,947 | +€28,405 | +5.2% |
| Stocks and contracts in progress | 3 | €1,546 | €5,455 | +€3,909 | +252.8% |
| Stocks | 30/36 | €1,546 | €5,455 | +€3,909 | +252.8% |
| Amounts receivable within one year | 40/41 | €538,772 | €531,001 | -€7,771 | -1.4% |
| Trade receivables | 40 | €230,475 | €131,893 | -€98,582 | -42.8% |
| Other amounts receivable | 41 | €308,297 | €399,107 | +€90,810 | +29.5% |
| Cash at bank and in hand | 54/58 | €8,426 | €41,491 | +€33,066 | +392.4% |
| Deferred charges and accrued income | 490/1 | €798 | - | -€798 | |
| Total equity and liabilities | 10/49 | €767,869 | €764,273 | -€3,596 | -0.5% |
| Equity | 10/15 | €346,356 | €374,370 | +€28,014 | +8.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €196,302 | €196,302 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €194,402 | €194,402 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,054 | €159,068 | +€28,014 | +21.4% |
| Amounts payable | 17/49 | €421,513 | €389,903 | -€31,610 | -7.5% |
| Amounts payable after more than one year | 17 | €106,349 | €80,796 | -€25,553 | -24.0% |
| Financial debts | 170/4 | €106,349 | €80,796 | -€25,553 | -24.0% |
| Amounts payable within one year | 42/48 | €315,164 | €309,107 | -€6,057 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €24,593 | €37,356 | +€12,763 | +51.9% |
| Financial debts | 43 | €31,557 | €30,328 | -€1,229 | -3.9% |
| Credit institutions | 430/8 | €31,557 | €30,328 | -€1,229 | -3.9% |
| Trade debts | 44 | €164,450 | €146,374 | -€18,076 | -11.0% |
| Suppliers | 440/4 | €164,450 | €146,374 | -€18,076 | -11.0% |
| Taxes, remuneration and social security | 45 | €12,862 | - | -€12,862 | |
| Taxes | 450/3 | €11,126 | - | -€11,126 | |
| Remuneration and social security | 454/9 | €1,736 | - | -€1,736 | |
| Other amounts payable | 47/48 | €81,701 | €95,049 | +€13,347 | +16.3% |
| Remuneration, social security and pensions | 62 | €5,599 | -€369 | -€5,967 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,117 | €31,913 | -€2,205 | -6.5% |
| Other operating charges | 640/8 | €5,816 | €7,559 | +€1,743 | +30.0% |
| Non-recurring operating charges | 66A | - | €16,253 | +€16,253 | |
| Gross operating margin | 9900 | €90,309 | €105,600 | +€15,290 | +16.9% |
| Operating profit (loss) | 9901 | €44,777 | €50,244 | +€5,467 | +12.2% |
| Financial income | 75/76B | €0 | €676 | +€675 | +157016.3% |
| Recurring financial income | 75 | €0 | €676 | +€675 | +157016.3% |
| Financial charges | 65/66B | €11,644 | €10,411 | -€1,232 | -10.6% |
| Recurring financial charges | 65 | €11,644 | €10,411 | -€1,232 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €33,134 | €40,509 | +€7,375 | +22.3% |
| Income taxes | 67/77 | €12,982 | €12,495 | -€487 | -3.8% |
| Profit (loss) for the period | 9904 | €20,152 | €28,014 | +€7,862 | +39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,152 | €28,014 | +€7,862 | +39.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.