GESTELS GROEP: 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.
GESTELS GROEP
Largest movements
- Cash -€74,544
down €74,544 (-75.4%), from €98,887 to €24,343
mainly Trade debts (-€67,081) and Receivables within one year (-€39,163)
- Receivables within one year +€39,163
up €39,163 (+140%), from €27,934 to €67,097
of which Other amounts receivable: +€37,618
- Tangible fixed assets -€15,303
down €15,303 (-8.8%), from €174,779 to €159,476
of which Land and buildings: -€15,244
- Trade debts -€67,081
down €67,081 (-85.7%), from €78,295 to €11,214
- Reserves +€30,661
up €30,661 (+50.7%), from €60,483 to €91,144
- Debts after one year -€23,937
down €23,937 (-18.7%), from €127,903 to €103,966
- Tax, wage and social debts +€10,447
up €10,447 (+98.8%), from €10,569 to €21,015
- Gross operating margin +€36,198
up €36,198 (+86.1%), from €42,036 to €78,234
- Taxes +€11,758
up €11,758 (+266%), from €4,416 to €16,174
- Financial charges -€2,338
down €2,338 (-20.0%), from €11,705 to €9,367
- Other operating charges -€2,146
down €2,146 (-31.8%), from €6,745 to €4,600
- Depreciation +€977
up €977 (+5.6%), from €17,514 to €18,490
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 | €306,382 | €257,477 | -€48,905 | -16.0% |
| Fixed assets | 21/28 | €174,779 | €159,476 | -€15,303 | -8.8% |
| Tangible fixed assets | 22/27 | €174,779 | €159,476 | -€15,303 | -8.8% |
| Land and buildings | 22 | €167,684 | €152,440 | -€15,244 | -9.1% |
| Plant, machinery and equipment | 23 | €3,960 | €3,067 | -€892 | -22.5% |
| Furniture and vehicles | 24 | €2,124 | €3,125 | +€1,002 | +47.2% |
| Other tangible fixed assets | 26 | €1,012 | €843 | -€169 | -16.7% |
| Current assets | 29/58 | €131,603 | €98,001 | -€33,602 | -25.5% |
| Stocks and contracts in progress | 3 | €1,005 | €1,209 | +€204 | +20.3% |
| Stocks | 30/36 | €1,005 | €1,209 | +€204 | +20.3% |
| Amounts receivable within one year | 40/41 | €27,934 | €67,097 | +€39,163 | +140% |
| Trade receivables | 40 | €27,139 | €28,683 | +€1,545 | +5.7% |
| Other amounts receivable | 41 | €795 | €38,414 | +€37,618 | +4,730% |
| Cash at bank and in hand | 54/58 | €98,887 | €24,343 | -€74,544 | -75.4% |
| Deferred charges and accrued income | 490/1 | €3,778 | €5,352 | +€1,575 | +41.7% |
| Total equity and liabilities | 10/49 | €306,382 | €257,477 | -€48,905 | -16.0% |
| Equity | 10/15 | €66,683 | €97,344 | +€30,661 | +46.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €60,483 | €91,144 | +€30,661 | +50.7% |
| Distributable reserves | 133 | €60,483 | €91,144 | +€30,661 | +50.7% |
| Amounts payable | 17/49 | €239,699 | €160,133 | -€79,566 | -33.2% |
| Amounts payable after more than one year | 17 | €127,903 | €103,966 | -€23,937 | -18.7% |
| Financial debts | 170/4 | €127,903 | €103,966 | -€23,937 | -18.7% |
| Amounts payable within one year | 42/48 | €111,796 | €56,167 | -€55,629 | -49.8% |
| Current portion of amounts payable after more than one year | 42 | €22,932 | €23,937 | +€1,005 | +4.4% |
| Trade debts | 44 | €78,295 | €11,214 | -€67,081 | -85.7% |
| Suppliers | 440/4 | €78,295 | €11,214 | -€67,081 | -85.7% |
| Taxes, remuneration and social security | 45 | €10,569 | €21,015 | +€10,447 | +98.8% |
| Taxes | 450/3 | €10,569 | €21,015 | +€10,447 | +98.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,514 | €18,490 | +€977 | +5.6% |
| Other operating charges | 640/8 | €6,745 | €4,600 | -€2,146 | -31.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €42,036 | €78,234 | +€36,198 | +86.1% |
| Operating profit (loss) | 9901 | €17,777 | €55,144 | +€37,367 | +210% |
| Financial income | 75/76B | €393 | €1,058 | +€665 | +169% |
| Recurring financial income | 75 | €393 | €1,058 | +€665 | +169% |
| Financial charges | 65/66B | €11,705 | €9,367 | -€2,338 | -20.0% |
| Recurring financial charges | 65 | €11,705 | €9,367 | -€2,338 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €6,465 | €46,835 | +€40,370 | +624% |
| Income taxes | 67/77 | €4,416 | €16,174 | +€11,758 | +266% |
| Profit (loss) for the period | 9904 | €2,049 | €30,661 | +€28,612 | +1,396% |
| Profit (loss) for the period to be appropriated | 9905 | €2,049 | €30,661 | +€28,612 | +1,396% |
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 13 October 2026 via checked.be.