GESTEC: 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.
What changed
GESTEC
NACE 33.190, Repair, maintenance and installation of machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€346,891
2024 · -€63,232+€410,123
Equity
€530,167
2024 · €383,276+€146,891
Cash
€51,449
2024 · €54,662-€3,213
Balance sheet total
€1.1m
2024 · €588,758+€481,090
Largest movements
Assets
- Receivables within one year +€235,682
up €235,682 (+119.4%), from €197,326 to €433,008
of which Trade receivables: +€235,712
- Tangible fixed assets +€129,664
up €129,664 (+41.6%), from €311,635 to €441,299
- Current investments +€110,600
new in 2025: €110,600
Equity and liabilities
- Other debts +€200,000
new in 2025: €200,000
- Tax, wage and social debts +€148,573
up €148,573 (+118.5%), from €125,351 to €273,924
of which Taxes: +€104,745
- Profit (loss) carried forward +€129,546
up €129,546 (+175.1%), from €73,967 to €203,513
- Debts after one year -€26,881
no longer reported in 2025 (was €26,881)
- Reserves +€17,345
up €17,345 (+186.3%), from €9,309 to €26,654
Income statement
- Turnover +€1.1m
up €1.1m (+48.5%), from €2.2m to €3.3m
- Staff costs +€664,432
up €664,432 (+44.2%), from €1.5m to €2.2m
- Services and other goods -€156,753
down €156,753 (-17.6%), from €888,799 to €732,046
- Taxes +€127,606
up €127,606 (+457.6%), from €27,887 to €155,493
of which Taxes: +€128,793
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.
Result 2024
-€63,232
Turnover
+€1.1m
Other operating income
-€27,529
Services and other goods
+€156,753
Staff costs
-€664,432
Depreciation
-€7,506
Write-downs
+€1,260
Other operating charges
+€2,378
Other operating items
+€7,208
Financial income
-€4,020
Financial charges
+€2,776
Taxes
-€127,606
Result 2025
€346,891
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.
From operations
+€579,128
Investment
-€354,184
Financing
-€228,157
Cash 2024
€54,662
From operations (derived)
+€579,128
Net result for the year
+€346,891
Depreciation
+€114,014
Receivables within one year
-€235,682
Deferred charges and accrued income
-€8,452
Trade debts
+€3,345
Tax, wage and social debts
+€148,573
Other debts
+€200,000
Accrued charges and deferred income
+€10,439
Investment (derived)
-€354,184
Investment in fixed assets (net)
-€243,584
Current investments
-€110,600
Financing
-€228,157
Debts after one year
-€26,881
Current portion of long-term debt
-€1,276
Contributions, distributions and other
-€200,000
Cash 2025
€51,449
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €588,758 | €1,069,848 | +€481,090 | +81.7% |
| Fixed assets | 21/28 | €336,730 | €466,299 | +€129,569 | +38.5% |
| Tangible fixed assets | 22/27 | €311,635 | €441,299 | +€129,664 | +41.6% |
| Furniture and vehicles | 24 | €311,635 | €441,299 | +€129,664 | +41.6% |
| Financial fixed assets | 28 | €25,095 | €25,000 | -€95 | -0.4% |
| Other financial fixed assets | 284/8 | €25,095 | €25,000 | -€95 | -0.4% |
| Amounts receivable and cash guarantees | 285/8 | €25,095 | €25,000 | -€95 | -0.4% |
| Current assets | 29/58 | €252,028 | €603,549 | +€351,521 | +139.5% |
| Amounts receivable within one year | 40/41 | €197,326 | €433,008 | +€235,682 | +119.4% |
| Trade receivables | 40 | €197,296 | €433,008 | +€235,712 | +119.5% |
| Other amounts receivable | 41 | €30 | - | -€30 | |
| Current investments | 50/53 | - | €110,600 | +€110,600 | |
| Other investments | 51/53 | - | €110,600 | +€110,600 | |
| Cash at bank and in hand | 54/58 | €54,662 | €51,449 | -€3,213 | -5.9% |
| Deferred charges and accrued income | 490/1 | €40 | €8,492 | +€8,452 | +21093.3% |
| Total equity and liabilities | 10/49 | €588,758 | €1,069,848 | +€481,090 | +81.7% |
| Equity | 10/15 | €383,276 | €530,167 | +€146,891 | +38.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €9,309 | €26,654 | +€17,345 | +186.3% |
| Non-distributable reserves | 130/1 | €9,309 | €26,654 | +€17,345 | +186.3% |
| Legal reserve | 130 | €9,309 | €26,654 | +€17,345 | +186.3% |
| Profit (loss) carried forward | 14 | €73,967 | €203,513 | +€129,546 | +175.1% |
| Amounts payable | 17/49 | €205,482 | €539,681 | +€334,200 | +162.6% |
| Amounts payable after more than one year | 17 | €26,881 | - | -€26,881 | |
| Financial debts | 170/4 | €26,881 | - | -€26,881 | |
| Credit institutions | 173 | €26,881 | - | -€26,881 | |
| Amounts payable within one year | 42/48 | €178,316 | €528,958 | +€350,642 | +196.6% |
| Current portion of amounts payable after more than one year | 42 | €28,157 | €26,881 | -€1,276 | -4.5% |
| Trade debts | 44 | €24,808 | €28,153 | +€3,345 | +13.5% |
| Suppliers | 440/4 | €24,808 | €28,153 | +€3,345 | +13.5% |
| Taxes, remuneration and social security | 45 | €125,351 | €273,924 | +€148,573 | +118.5% |
| Taxes | 450/3 | €18,377 | €123,122 | +€104,745 | +570.0% |
| Remuneration and social security | 454/9 | €106,973 | €150,801 | +€43,828 | +41.0% |
| Other amounts payable | 47/48 | - | €200,000 | +€200,000 | |
| Accrued charges and deferred income | 492/3 | €285 | €10,724 | +€10,439 | +3662.4% |
| Operating income | 70/76A | €2,482,218 | €3,532,832 | +€1.1m | +42.3% |
| Turnover | 70 | €2,206,158 | €3,276,998 | +€1.1m | +48.5% |
| Other operating income | 74 | €276,060 | €248,531 | -€27,529 | -10.0% |
| Non-recurring operating income | 76A | - | €7,303 | +€7,303 | |
| Operating charges | 60/66A | €2,513,547 | €3,025,189 | +€511,641 | +20.4% |
| Services and other goods | 61 | €888,799 | €732,046 | -€156,753 | -17.6% |
| Remuneration, social security and pensions | 62 | €1,502,824 | €2,167,256 | +€664,432 | +44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,509 | €114,014 | +€7,506 | +7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,260 | - | -€1,260 | |
| Other operating charges | 640/8 | €14,156 | €11,778 | -€2,378 | -16.8% |
| Non-recurring operating charges | 66A | - | €95 | +€95 | |
| Operating profit (loss) | 9901 | -€31,329 | €507,643 | +€538,973 | |
| Financial income | 75/76B | €4,406 | €386 | -€4,020 | -91.2% |
| Recurring financial income | 75 | €4,406 | €386 | -€4,020 | -91.2% |
| Income from financial fixed assets | 750 | €4,406 | €152 | -€4,254 | -96.6% |
| Income from current assets | 751 | - | €234 | +€234 | |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,421 | €5,645 | -€2,776 | -33.0% |
| Recurring financial charges | 65 | €8,421 | €5,645 | -€2,776 | -33.0% |
| Debt charges | 650 | €8,420 | €5,354 | -€3,066 | -36.4% |
| Other financial charges | 652/9 | €2 | €292 | +€290 | +16108.9% |
| Profit (loss) for the period before taxes | 9903 | -€35,345 | €502,384 | +€537,729 | |
| Income taxes | 67/77 | €27,887 | €155,493 | +€127,606 | +457.6% |
| Taxes | 670/3 | €28,685 | €157,478 | +€128,793 | +449.0% |
| Tax adjustments and reversals of tax provisions | 77 | €798 | €1,985 | +€1,187 | +148.7% |
| Profit (loss) for the period | 9904 | -€63,232 | €346,891 | +€410,123 | |
| Profit (loss) for the period to be appropriated | 9905 | -€63,232 | €346,891 | +€410,123 |
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 1 October 2026 via checked.be.