GESTE Engineering Belgium: what changed
Two financial 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 Engineering Belgium
Largest movements
- Receivables within one year -€292,635
down €292,635 (-29.3%), from €999,846 to €707,211
of which Trade receivables: -€336,922
- Cash +€261,304
up €261,304 (+39.9%), from €655,070 to €916,373
mainly Receivables within one year (+€292,635) and Net result for the year (+€206,720)
- Deferred charges and accrued income -€101,946
down €101,946 (-85.2%), from €119,681 to €17,735
- Tangible fixed assets -€24,455
down €24,455 (-18.9%), from €129,532 to €105,077
of which Other tangible fixed assets: -€22,272
- Other debts -€202,167
down €202,167 (-15.8%), from €1.3m to €1.1m
- Trade debts +€51,166
up €51,166 (+52.1%), from €98,249 to €149,415
- Profit (loss) carried forward -€43,280
down €43,280 (-72.1%), from €60,039 to €16,759
- Accrued charges and deferred income +€29,314
up €29,314 (+20.7%), from €141,412 to €170,726
- Gross operating margin -€1.2m
down €1.2m (-34.8%), from €3.4m to €2.2m
- Staff costs -€1.0m
down €1.0m (-36.6%), from €2.8m to €1.8m
- Taxes -€36,259
down €36,259 (-29.3%), from €123,661 to €87,403
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.
Derived cash bridge
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 | €1,940,984 | €1,791,096 | -€149,889 | -7.7% |
| Fixed assets | 21/28 | €166,389 | €149,777 | -€16,612 | -10.0% |
| Tangible fixed assets | 22/27 | €129,532 | €105,077 | -€24,455 | -18.9% |
| Furniture and vehicles | 24 | €18,773 | €16,591 | -€2,182 | -11.6% |
| Other tangible fixed assets | 26 | €110,758 | €88,486 | -€22,272 | -20.1% |
| Financial fixed assets | 28 | €36,857 | €44,700 | +€7,843 | +21.3% |
| Current assets | 29/58 | €1,774,596 | €1,641,319 | -€133,277 | -7.5% |
| Amounts receivable within one year | 40/41 | €999,846 | €707,211 | -€292,635 | -29.3% |
| Trade receivables | 40 | €855,197 | €518,275 | -€336,922 | -39.4% |
| Other amounts receivable | 41 | €144,648 | €188,936 | +€44,288 | +30.6% |
| Cash at bank and in hand | 54/58 | €655,070 | €916,373 | +€261,304 | +39.9% |
| Deferred charges and accrued income | 490/1 | €119,681 | €17,735 | -€101,946 | -85.2% |
| Total equity and liabilities | 10/49 | €1,940,984 | €1,791,096 | -€149,889 | -7.7% |
| Equity | 10/15 | €148,039 | €104,759 | -€43,280 | -29.2% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,039 | €16,759 | -€43,280 | -72.1% |
| Amounts payable | 17/49 | €1,792,946 | €1,686,337 | -€106,609 | -5.9% |
| Amounts payable within one year | 42/48 | €1,651,534 | €1,515,611 | -€135,923 | -8.2% |
| Trade debts | 44 | €98,249 | €149,415 | +€51,166 | +52.1% |
| Suppliers | 440/4 | €98,249 | €149,415 | +€51,166 | +52.1% |
| Taxes, remuneration and social security | 45 | €270,906 | €285,984 | +€15,078 | +5.6% |
| Taxes | 450/3 | €29,914 | €75,616 | +€45,702 | +153% |
| Remuneration and social security | 454/9 | €240,992 | €210,368 | -€30,624 | -12.7% |
| Other amounts payable | 47/48 | €1,282,379 | €1,080,212 | -€202,167 | -15.8% |
| Accrued charges and deferred income | 492/3 | €141,412 | €170,726 | +€29,314 | +20.7% |
| Remuneration, social security and pensions | 62 | €2,816,195 | €1,786,075 | -€1.0m | -36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,503 | €37,090 | -€5,413 | -12.7% |
| Other operating charges | 640/8 | €29,649 | €32,919 | +€3,270 | +11.0% |
| Gross operating margin | 9900 | €3,350,158 | €2,183,075 | -€1.2m | -34.8% |
| Operating profit (loss) | 9901 | €461,811 | €326,992 | -€134,819 | -29.2% |
| Financial income | 75/76B | €2,120 | €429 | -€1,692 | -79.8% |
| Recurring financial income | 75 | €2,120 | €429 | -€1,692 | -79.8% |
| Financial charges | 65/66B | €17,077 | €33,298 | +€16,220 | +95.0% |
| Recurring financial charges | 65 | €17,077 | €33,298 | +€16,220 | +95.0% |
| Profit (loss) for the period before taxes | 9903 | €446,854 | €294,123 | -€152,731 | -34.2% |
| Income taxes | 67/77 | €123,661 | €87,403 | -€36,259 | -29.3% |
| Profit (loss) for the period | 9904 | €323,193 | €206,720 | -€116,472 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €323,193 | €206,720 | -€116,472 | -36.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.