GESTBOUW: 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.
GESTBOUW
Largest movements
- Receivables within one year +€4,521
up €4,521 (+10.2%), from €44,190 to €48,711
of which Trade receivables: +€2,665
- Other debts +€14,079
up €14,079 (+244.6%), from €5,756 to €19,835
- Profit (loss) carried forward -€11,751
down €11,751 (-57.2%), from €20,533 to €8,782
- Tax, wage and social debts +€2,332
up €2,332 (+14.0%), from €16,619 to €18,951
of which Remuneration and social security: +€5,920
- Staff costs +€9,578
up €9,578 (+20.0%), from €47,938 to €57,516
- Gross operating margin -€6,290
down €6,290 (-11.7%), from €53,861 to €47,571
- Taxes -€1,291
no longer reported in 2025 (was €1,291)
- Other operating charges +€672
up €672 (+127.2%), from €528 to €1,200
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 | €48,410 | €52,996 | +€4,586 | +9.5% |
| Fixed assets | 21/28 | €3,268 | €3,000 | -€268 | -8.2% |
| Tangible fixed assets | 22/27 | €268 | - | -€268 | |
| Furniture and vehicles | 24 | €268 | - | -€268 | |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €45,142 | €49,996 | +€4,854 | +10.8% |
| Amounts receivable within one year | 40/41 | €44,190 | €48,711 | +€4,521 | +10.2% |
| Trade receivables | 40 | €42,796 | €45,461 | +€2,665 | +6.2% |
| Other amounts receivable | 41 | €1,394 | €3,250 | +€1,856 | +133.1% |
| Cash at bank and in hand | 54/58 | €952 | €1,285 | +€333 | +34.9% |
| Total equity and liabilities | 10/49 | €48,410 | €52,996 | +€4,586 | +9.5% |
| Equity | 10/15 | €22,633 | €10,882 | -€11,751 | -51.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,533 | €8,782 | -€11,751 | -57.2% |
| Amounts payable | 17/49 | €25,777 | €42,114 | +€16,337 | +63.4% |
| Amounts payable within one year | 42/48 | €25,777 | €42,114 | +€16,337 | +63.4% |
| Trade debts | 44 | €3,402 | €3,328 | -€75 | -2.2% |
| Suppliers | 440/4 | €3,402 | €3,328 | -€75 | -2.2% |
| Taxes, remuneration and social security | 45 | €16,619 | €18,951 | +€2,332 | +14.0% |
| Taxes | 450/3 | €6,902 | €3,314 | -€3,589 | -52.0% |
| Remuneration and social security | 454/9 | €9,717 | €15,637 | +€5,920 | +60.9% |
| Other amounts payable | 47/48 | €5,756 | €19,835 | +€14,079 | +244.6% |
| Remuneration, social security and pensions | 62 | €47,938 | €57,516 | +€9,578 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €526 | €268 | -€258 | -49.0% |
| Other operating charges | 640/8 | €528 | €1,200 | +€672 | +127.2% |
| Gross operating margin | 9900 | €53,861 | €47,571 | -€6,290 | -11.7% |
| Operating profit (loss) | 9901 | €4,869 | -€11,413 | -€16,282 | |
| Financial income | 75/76B | €125 | - | -€125 | |
| Recurring financial income | 75 | €125 | - | -€125 | |
| Financial charges | 65/66B | €184 | €339 | +€155 | +84.0% |
| Recurring financial charges | 65 | €184 | €339 | +€155 | +84.0% |
| Profit (loss) for the period before taxes | 9903 | €4,810 | -€11,752 | -€16,562 | |
| Income taxes | 67/77 | €1,291 | - | -€1,291 | |
| Profit (loss) for the period | 9904 | €3,519 | -€11,752 | -€15,271 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,519 | -€11,752 | -€15,271 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.