GESTHE: 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.
GESTHE
Largest movements
- Receivables within one year -€12,139
down €12,139 (-46.9%), from €25,858 to €13,719
of which Other amounts receivable: -€12,139
- Formation expenses -€3,062
down €3,062 (-3.3%), from €92,876 to €89,814
- Profit (loss) carried forward -€27,641
down €27,641 (-74.5%), from -€37,116 to -€64,757
- Trade debts +€6,649
up €6,649 (+306.3%), from €2,171 to €8,820
- Other debts +€5,246
new in 2024: €5,246
- Gross operating margin -€250,414
down €250,414, from €230,353 to -€20,061
- Financial charges -€62,523
no longer reported in 2024 (was €62,523)
- Write-downs +€28,000
no longer reported in 2024 (was -€28,000)
- Taxes -€16,846
no longer reported in 2024 (was €16,846)
- Purchases and services +€16,047
up €16,047 (+399.8%), from €4,014 to €20,061
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 | €217,603 | €201,858 | -€15,745 | -7.2% |
| Formation expenses | 20 | €92,876 | €89,814 | -€3,062 | -3.3% |
| Fixed assets | 21/28 | €95,545 | €95,000 | -€545 | -0.6% |
| Tangible fixed assets | 22/27 | €95,545 | €95,000 | -€545 | -0.6% |
| Land and buildings | 22 | €95,000 | €95,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €545 | - | -€545 | |
| Current assets | 29/58 | €29,182 | €17,043 | -€12,139 | -41.6% |
| Amounts receivable within one year | 40/41 | €25,858 | €13,719 | -€12,139 | -46.9% |
| Trade receivables | 40 | €13,719 | €13,719 | -€0 | 0.0% |
| Other amounts receivable | 41 | €12,139 | - | -€12,139 | |
| Cash at bank and in hand | 54/58 | €24 | €24 | +€0 | +1.6% |
| Deferred charges and accrued income | 490/1 | €3,300 | €3,300 | = | 0.0% |
| Total equity and liabilities | 10/49 | €217,603 | €201,858 | -€15,745 | -7.2% |
| Equity | 10/15 | €175,523 | €147,883 | -€27,640 | -15.7% |
| Contributions | 10/11 | €113,592 | €113,592 | +€0 | 0.0% |
| Capital | 10 | €113,592 | €113,592 | +€0 | 0.0% |
| Issued capital | 100 | €113,592 | €113,592 | +€0 | 0.0% |
| Reserves | 13 | €99,047 | €99,048 | +€1 | 0.0% |
| Non-distributable reserves | 130/1 | €11,359 | €11,359 | +€0 | 0.0% |
| Legal reserve | 130 | €11,359 | €11,359 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €80,080 | €80,080 | +€0 | 0.0% |
| Distributable reserves | 133 | €7,608 | €7,608 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€37,116 | -€64,757 | -€27,641 | -74.5% |
| Amounts payable | 17/49 | €42,080 | €53,975 | +€11,895 | +28.3% |
| Amounts payable within one year | 42/48 | €42,080 | €53,975 | +€11,895 | +28.3% |
| Trade debts | 44 | €2,171 | €8,820 | +€6,649 | +306.3% |
| Suppliers | 440/4 | €2,171 | €8,820 | +€6,649 | +306.3% |
| Taxes, remuneration and social security | 45 | €39,909 | €39,909 | +€0 | 0.0% |
| Taxes | 450/3 | €39,909 | €39,909 | +€0 | 0.0% |
| Other amounts payable | 47/48 | - | €5,246 | +€5,246 | |
| Goods, raw materials, services and sundry goods | 60/61 | €4,014 | €20,061 | +€16,047 | +399.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,608 | €3,607 | -€1 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€28,000 | - | +€28,000 | |
| Other operating charges | 640/8 | €17,007 | €3,973 | -€13,034 | -76.6% |
| Non-recurring operating charges | 66A | €138,995 | - | -€138,995 | |
| Gross operating margin | 9900 | €230,353 | -€20,061 | -€250,414 | |
| Operating profit (loss) | 9901 | €98,743 | -€27,641 | -€126,384 | |
| Financial income | 75/76B | €381 | - | -€381 | |
| Recurring financial income | 75 | €381 | - | -€381 | |
| Financial charges | 65/66B | €62,523 | - | -€62,523 | |
| Recurring financial charges | 65 | €62,523 | - | -€62,523 | |
| Profit (loss) for the period before taxes | 9903 | €36,601 | -€27,641 | -€64,242 | |
| Income taxes | 67/77 | €16,846 | - | -€16,846 | |
| Profit (loss) for the period | 9904 | €19,755 | -€27,641 | -€47,396 | |
| Transfer to tax-exempt reserves | 689 | €28,000 | - | -€28,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,245 | -€27,641 | -€19,396 | -235.2% |
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 29 September 2026 via checked.be.