GESTE: 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.
GESTE
Largest movements
- Receivables within one year +€29,034
up €29,034 (+271.2%), from €10,705 to €39,738
of which Trade receivables: +€25,495
- Cash -€17,774
down €17,774 (-15.4%), from €115,217 to €97,443
mainly Receivables within one year (-€29,034) and Tax, wage and social debts (-€3,499)
- Tangible fixed assets -€7,244
down €7,244 (-26.8%), from €27,051 to €19,807
of which Furniture and vehicles: -€7,607
- Trade debts +€4,765
up €4,765 (+152.0%), from €3,135 to €7,899
- Tax, wage and social debts -€3,499
down €3,499 (-33.8%), from €10,339 to €6,840
of which Taxes: -€3,076
- Reserves +€1,993
up €1,993 (+1.7%), from €115,644 to €117,637
of which Distributable reserves: +€22,554
- Gross operating margin -€11,110
down €11,110 (-28.6%), from €38,844 to €27,735
- Staff costs -€3,223
down €3,223 (-20.2%), from €15,960 to €12,736
- Other operating charges -€1,856
down €1,856 (-56.4%), from €3,290 to €1,435
- Depreciation -€1,583
down €1,583 (-14.4%), from €10,973 to €9,390
- Taxes -€1,242
down €1,242 (-43.3%), from €2,870 to €1,627
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 | €155,437 | €159,216 | +€3,779 | +2.4% |
| Fixed assets | 21/28 | €27,051 | €19,807 | -€7,244 | -26.8% |
| Tangible fixed assets | 22/27 | €27,051 | €19,807 | -€7,244 | -26.8% |
| Plant, machinery and equipment | 23 | €3,554 | €3,917 | +€364 | +10.2% |
| Furniture and vehicles | 24 | €23,498 | €15,890 | -€7,607 | -32.4% |
| Current assets | 29/58 | €128,386 | €139,408 | +€11,023 | +8.6% |
| Amounts receivable within one year | 40/41 | €10,705 | €39,738 | +€29,034 | +271.2% |
| Trade receivables | 40 | €8,237 | €33,731 | +€25,495 | +309.5% |
| Other amounts receivable | 41 | €2,468 | €6,007 | +€3,539 | +143.4% |
| Cash at bank and in hand | 54/58 | €115,217 | €97,443 | -€17,774 | -15.4% |
| Deferred charges and accrued income | 490/1 | €2,464 | €2,227 | -€237 | -9.6% |
| Total equity and liabilities | 10/49 | €155,437 | €159,216 | +€3,779 | +2.4% |
| Equity | 10/15 | €135,644 | €137,637 | +€1,993 | +1.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €115,644 | €117,637 | +€1,993 | +1.7% |
| Tax-exempt reserves | 132 | €20,561 | €0 | -€20,561 | -100.0% |
| Distributable reserves | 133 | €95,083 | €117,637 | +€22,554 | +23.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | -€0 | -100.0% |
| Amounts payable | 17/49 | €19,793 | €21,579 | +€1,786 | +9.0% |
| Amounts payable within one year | 42/48 | €19,793 | €21,579 | +€1,786 | +9.0% |
| Trade debts | 44 | €3,135 | €7,899 | +€4,765 | +152.0% |
| Suppliers | 440/4 | €3,135 | €7,899 | +€4,765 | +152.0% |
| Taxes, remuneration and social security | 45 | €10,339 | €6,840 | -€3,499 | -33.8% |
| Taxes | 450/3 | €7,490 | €4,414 | -€3,076 | -41.1% |
| Remuneration and social security | 454/9 | €2,850 | €2,426 | -€424 | -14.9% |
| Other amounts payable | 47/48 | €6,319 | €6,840 | +€521 | +8.2% |
| Remuneration, social security and pensions | 62 | €15,960 | €12,736 | -€3,223 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,973 | €9,390 | -€1,583 | -14.4% |
| Other operating charges | 640/8 | €3,290 | €1,435 | -€1,856 | -56.4% |
| Gross operating margin | 9900 | €38,844 | €27,735 | -€11,110 | -28.6% |
| Operating profit (loss) | 9901 | €8,621 | €4,174 | -€4,447 | -51.6% |
| Financial income | 75/76B | €1,148 | €576 | -€572 | -49.8% |
| Recurring financial income | 75 | €1,148 | €576 | -€572 | -49.8% |
| Financial charges | 65/66B | €239 | €297 | +€57 | +24.0% |
| Recurring financial charges | 65 | €239 | €297 | +€57 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | €9,530 | €4,453 | -€5,077 | -53.3% |
| Income taxes | 67/77 | €2,870 | €1,627 | -€1,242 | -43.3% |
| Profit (loss) for the period | 9904 | €6,660 | €2,826 | -€3,834 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,660 | €2,826 | -€3,834 | -57.6% |
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 29 September 2026 via checked.be.