GESTENTEC: 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.
GESTENTEC
Largest movements
- Cash +€83,091
up €83,091 (+39.0%), from €213,255 to €296,347
mainly Net result for the year (+€68,481) and Current investments (+€50,000)
- Current investments -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Tangible fixed assets +€18,365
up €18,365 (+37.3%), from €49,289 to €67,654
of which Furniture and vehicles: +€20,336
- Reserves +€15,575
up €15,575 (+5.3%), from €294,172 to €309,747
of which Distributable reserves: +€16,700
- Other debts +€14,427
up €14,427 (+37.2%), from €38,772 to €53,199
- Debts after one year +€11,170
new in 2025: €11,170
- Tax, wage and social debts +€6,242
up €6,242 (+33.5%), from €18,655 to €24,897
of which Taxes: +€6,242
- Current portion of long-term debt +€4,677
up €4,677 (+48.3%), from €9,673 to €14,350
- Gross operating margin +€4,975
up €4,975 (+4.7%), from €105,628 to €110,604
- Taxes +€4,582
up €4,582 (+18.0%), from €25,511 to €30,092
- Depreciation -€2,704
down €2,704 (-16.3%), from €16,606 to €13,902
- Financial income +€1,815
up €1,815 (+46.8%), from €3,879 to €5,693
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 | €387,096 | €437,907 | +€50,811 | +13.1% |
| Fixed assets | 21/28 | €49,289 | €67,654 | +€18,365 | +37.3% |
| Tangible fixed assets | 22/27 | €49,289 | €67,654 | +€18,365 | +37.3% |
| Plant, machinery and equipment | 23 | €1,820 | €1,250 | -€569 | -31.3% |
| Furniture and vehicles | 24 | €39,956 | €60,293 | +€20,336 | +50.9% |
| Other tangible fixed assets | 26 | €7,513 | €6,111 | -€1,402 | -18.7% |
| Current assets | 29/58 | €337,807 | €370,253 | +€32,446 | +9.6% |
| Amounts receivable within one year | 40/41 | €17,382 | €17,854 | +€472 | +2.7% |
| Trade receivables | 40 | €14,509 | €16,725 | +€2,216 | +15.3% |
| Other amounts receivable | 41 | €2,873 | €1,129 | -€1,744 | -60.7% |
| Current investments | 50/53 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €213,255 | €296,347 | +€83,091 | +39.0% |
| Deferred charges and accrued income | 490/1 | €7,170 | €6,052 | -€1,118 | -15.6% |
| Total equity and liabilities | 10/49 | €387,096 | €437,907 | +€50,811 | +13.1% |
| Equity | 10/15 | €312,883 | €328,465 | +€15,582 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €294,172 | €309,747 | +€15,575 | +5.3% |
| Tax-exempt reserves | 132 | €4,272 | €3,147 | -€1,125 | -26.3% |
| Distributable reserves | 133 | €289,900 | €306,600 | +€16,700 | +5.8% |
| Profit (loss) carried forward | 14 | €111 | €118 | +€7 | +6.5% |
| Provisions and deferred taxes | 16 | €1,424 | €1,049 | -€375 | -26.3% |
| Deferred taxes | 168 | €1,424 | €1,049 | -€375 | -26.3% |
| Amounts payable | 17/49 | €72,789 | €108,392 | +€35,603 | +48.9% |
| Amounts payable after more than one year | 17 | - | €11,170 | +€11,170 | |
| Financial debts | 170/4 | - | €11,170 | +€11,170 | |
| Amounts payable within one year | 42/48 | €69,939 | €94,323 | +€24,384 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €9,673 | €14,350 | +€4,677 | +48.3% |
| Trade debts | 44 | €2,839 | €1,877 | -€962 | -33.9% |
| Suppliers | 440/4 | €2,839 | €1,877 | -€962 | -33.9% |
| Taxes, remuneration and social security | 45 | €18,655 | €24,897 | +€6,242 | +33.5% |
| Taxes | 450/3 | €16,355 | €22,597 | +€6,242 | +38.2% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €38,772 | €53,199 | +€14,427 | +37.2% |
| Accrued charges and deferred income | 492/3 | €2,850 | €2,900 | +€50 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,606 | €13,902 | -€2,704 | -16.3% |
| Other operating charges | 640/8 | €837 | €907 | +€70 | +8.4% |
| Non-recurring operating charges | 66A | - | €2,349 | +€2,349 | |
| Gross operating margin | 9900 | €105,628 | €110,604 | +€4,975 | +4.7% |
| Operating profit (loss) | 9901 | €88,186 | €93,446 | +€5,260 | +6.0% |
| Financial income | 75/76B | €3,879 | €5,693 | +€1,815 | +46.8% |
| Recurring financial income | 75 | €3,879 | €5,693 | +€1,815 | +46.8% |
| Financial charges | 65/66B | €996 | €941 | -€54 | -5.4% |
| Recurring financial charges | 65 | €996 | €941 | -€54 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €91,069 | €98,198 | +€7,129 | +7.8% |
| Transfer from deferred taxes | 780 | €375 | €375 | = | 0.0% |
| Income taxes | 67/77 | €25,511 | €30,092 | +€4,582 | +18.0% |
| Profit (loss) for the period | 9904 | €65,933 | €68,481 | +€2,548 | +3.9% |
| Transfer from tax-exempt reserves | 789 | €1,125 | €1,125 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,058 | €69,606 | +€2,548 | +3.8% |
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 18 October 2026 via checked.be.