GESTEO: 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.
GESTEO
Largest movements
- Receivables within one year -€90,028
down €90,028 (-66.3%), from €135,742 to €45,714
of which Trade receivables: -€109,303
- Intangible fixed assets +€43,230
up €43,230 (+480.3%), from €9,000 to €52,230
- Cash -€4,049
no longer reported in 2024 (was €4,049)
mainly Investment in fixed assets (net) (-€47,500) and Trade debts (-€35,424)
- Trade debts -€35,424
no longer reported in 2024 (was €35,424)
- Tax, wage and social debts -€24,598
down €24,598 (-76.9%), from €31,998 to €7,400
of which Remuneration and social security: -€23,095
- Other debts +€6,050
new in 2024: €6,050
- Profit (loss) carried forward +€3,123
up €3,123 (+6.0%), from €51,671 to €54,794
- Gross operating margin -€113,455
down €113,455 (-90.1%), from €125,885 to €12,430
- Staff costs -€97,157
down €97,157 (-98.3%), from €98,852 to €1,696
- Taxes -€4,279
down €4,279 (-78.1%), from €5,479 to €1,200
- Depreciation -€3,642
down €3,642 (-46.0%), from €7,912 to €4,270
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 | €149,092 | €98,244 | -€50,848 | -34.1% |
| Fixed assets | 21/28 | €9,300 | €52,530 | +€43,230 | +464.8% |
| Intangible fixed assets | 21 | €9,000 | €52,230 | +€43,230 | +480.3% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €139,792 | €45,714 | -€94,077 | -67.3% |
| Amounts receivable within one year | 40/41 | €135,742 | €45,714 | -€90,028 | -66.3% |
| Trade receivables | 40 | €124,303 | €15,000 | -€109,303 | -87.9% |
| Other amounts receivable | 41 | €11,440 | €30,714 | +€19,275 | +168.5% |
| Cash at bank and in hand | 54/58 | €4,049 | - | -€4,049 | |
| Total equity and liabilities | 10/49 | €149,092 | €98,244 | -€50,848 | -34.1% |
| Equity | 10/15 | €81,671 | €84,794 | +€3,123 | +3.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,671 | €54,794 | +€3,123 | +6.0% |
| Amounts payable | 17/49 | €67,421 | €13,450 | -€53,971 | -80.1% |
| Amounts payable within one year | 42/48 | €67,421 | €13,450 | -€53,971 | -80.1% |
| Trade debts | 44 | €35,424 | - | -€35,424 | |
| Suppliers | 440/4 | €35,424 | - | -€35,424 | |
| Taxes, remuneration and social security | 45 | €31,998 | €7,400 | -€24,598 | -76.9% |
| Taxes | 450/3 | €8,903 | €7,400 | -€1,503 | -16.9% |
| Remuneration and social security | 454/9 | €23,095 | - | -€23,095 | |
| Other amounts payable | 47/48 | - | €6,050 | +€6,050 | |
| Remuneration, social security and pensions | 62 | €98,852 | €1,696 | -€97,157 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,912 | €4,270 | -€3,642 | -46.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €125,885 | €12,430 | -€113,455 | -90.1% |
| Operating profit (loss) | 9901 | €18,736 | €6,077 | -€12,659 | -67.6% |
| Financial charges | 65/66B | €520 | €1,754 | +€1,234 | +237.2% |
| Recurring financial charges | 65 | €520 | €1,754 | +€1,234 | +237.2% |
| Profit (loss) for the period before taxes | 9903 | €18,216 | €4,323 | -€13,893 | -76.3% |
| Income taxes | 67/77 | €5,479 | €1,200 | -€4,279 | -78.1% |
| Profit (loss) for the period | 9904 | €12,738 | €3,123 | -€9,614 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,738 | €3,123 | -€9,614 | -75.5% |
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 6 October 2026 via checked.be.