GESTEA: 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.
GESTEA
Largest movements
- Receivables within one year +€462,175
up €462,175 (+274.6%), from €168,319 to €630,494
of which Other amounts receivable: +€541,152
- Intangible fixed assets -€79,965
down €79,965 (-33.3%), from €240,104 to €160,139
- Cash -€46,369
down €46,369 (-84.6%), from €54,815 to €8,446
mainly Other debts (-€705,227) and Receivables within one year (-€462,175)
- Tangible fixed assets -€23,020
down €23,020 (-33.8%), from €68,064 to €45,044
of which Other tangible fixed assets: -€12,965
- Other debts -€705,227
down €705,227 (-84.0%), from €839,369 to €134,142
- Debts after one year +€528,648
new in 2024: €528,648
- Contributions +€486,559
up €486,559 (+2432.8%), from €20,000 to €506,559
- Profit (loss) carried forward +€121,817
up €121,817 (+23.1%), from -€526,514 to -€404,697
- Trade debts -€83,222
down €83,222 (-59.2%), from €140,654 to €57,432
- Staff costs -€979,985
down €979,985 (-73.7%), from €1.3m to €349,235
- Gross operating margin -€650,235
down €650,235 (-78.2%), from €831,589 to €181,354
- Other operating charges -€197,557
down €197,557 (-64.9%), from €304,224 to €106,667
- Depreciation -€85,009
down €85,009 (-44.8%), from €189,667 to €104,658
- Write-downs -€21,022
down €21,022 (-50.7%), from €41,454 to €20,432
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 | €532,587 | €852,753 | +€320,166 | +60.1% |
| Fixed assets | 21/28 | €308,218 | €205,234 | -€102,984 | -33.4% |
| Intangible fixed assets | 21 | €240,104 | €160,139 | -€79,965 | -33.3% |
| Tangible fixed assets | 22/27 | €68,064 | €45,044 | -€23,020 | -33.8% |
| Plant, machinery and equipment | 23 | €20,974 | €14,883 | -€6,091 | -29.0% |
| Furniture and vehicles | 24 | €6,564 | €2,600 | -€3,964 | -60.4% |
| Other tangible fixed assets | 26 | €40,525 | €27,560 | -€12,965 | -32.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €224,369 | €647,519 | +€423,150 | +188.6% |
| Amounts receivable within one year | 40/41 | €168,319 | €630,494 | +€462,175 | +274.6% |
| Trade receivables | 40 | €150,304 | €71,327 | -€78,977 | -52.5% |
| Other amounts receivable | 41 | €18,015 | €559,167 | +€541,152 | +3003.9% |
| Cash at bank and in hand | 54/58 | €54,815 | €8,446 | -€46,369 | -84.6% |
| Deferred charges and accrued income | 490/1 | €1,235 | €8,579 | +€7,344 | +594.6% |
| Total equity and liabilities | 10/49 | €532,587 | €852,753 | +€320,166 | +60.1% |
| Equity | 10/15 | -€504,514 | €103,862 | +€608,376 | |
| Contributions | 10/11 | €20,000 | €506,559 | +€486,559 | +2432.8% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€526,514 | -€404,697 | +€121,817 | +23.1% |
| Amounts payable | 17/49 | €1,037,101 | €748,891 | -€288,210 | -27.8% |
| Amounts payable after more than one year | 17 | - | €528,648 | +€528,648 | |
| Financial debts | 170/4 | - | €528,648 | +€528,648 | |
| Amounts payable within one year | 42/48 | €1,037,101 | €220,242 | -€816,858 | -78.8% |
| Trade debts | 44 | €140,654 | €57,432 | -€83,222 | -59.2% |
| Suppliers | 440/4 | €140,654 | €57,432 | -€83,222 | -59.2% |
| Taxes, remuneration and social security | 45 | €57,079 | €28,669 | -€28,410 | -49.8% |
| Taxes | 450/3 | €19,132 | €9,486 | -€9,646 | -50.4% |
| Remuneration and social security | 454/9 | €37,947 | €19,183 | -€18,764 | -49.4% |
| Other amounts payable | 47/48 | €839,369 | €134,142 | -€705,227 | -84.0% |
| Non-recurring operating income | 76A | €9,902 | €34,972 | +€25,070 | +253.2% |
| Remuneration, social security and pensions | 62 | €1,329,220 | €349,235 | -€979,985 | -73.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189,667 | €104,658 | -€85,009 | -44.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €41,454 | €20,432 | -€21,022 | -50.7% |
| Other operating charges | 640/8 | €304,224 | €106,667 | -€197,557 | -64.9% |
| Non-recurring operating charges | 66A | €3,478 | -€383 | -€3,861 | |
| Gross operating margin | 9900 | €831,589 | €181,354 | -€650,235 | -78.2% |
| Operating profit (loss) | 9901 | -€1,036,455 | -€399,255 | +€637,199 | +61.5% |
| Financial income | 75/76B | €346 | - | -€346 | |
| Recurring financial income | 75 | €346 | - | -€346 | |
| Financial charges | 65/66B | €3,167 | €5,206 | +€2,039 | +64.4% |
| Recurring financial charges | 65 | €3,167 | €5,206 | +€2,039 | +64.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,039,276 | -€404,461 | +€634,815 | +61.1% |
| Income taxes | 67/77 | €6,577 | €236 | -€6,342 | -96.4% |
| Profit (loss) for the period | 9904 | -€1,045,853 | -€404,697 | +€641,156 | +61.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,045,853 | -€404,697 | +€641,156 | +61.3% |
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 3 October 2026 via checked.be.