GESTHOM: 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.
GESTHOM
Largest movements
- Cash +€13,455
up €13,455 (+659.3%), from €2,041 to €15,496
mainly Trade debts (+€23,164) and Tax, wage and social debts (+€16,331)
- Tangible fixed assets -€11,593
down €11,593 (-4.0%), from €286,659 to €275,067
of which Land and buildings: -€10,044
- Debts after one year -€49,724
down €49,724 (-74.2%), from €67,044 to €17,319
- Trade debts +€23,164
up €23,164 (+46.6%), from €49,746 to €72,909
- Tax, wage and social debts +€16,331
up €16,331 (+47.8%), from €34,187 to €50,518
of which Taxes: +€24,436
- Current portion of long-term debt +€6,794
up €6,794 (+47.1%), from €14,434 to €21,228
- Other debts +€4,792
up €4,792 (+6.9%), from €69,218 to €74,010
- Gross operating margin -€24,079
down €24,079 (-14.1%), from €171,277 to €147,198
- Staff costs -€9,201
down €9,201 (-6.9%), from €132,701 to €123,500
- Financial charges -€6,111
down €6,111 (-57.7%), from €10,595 to €4,485
- Taxes -€2,019
down €2,019 (-79.2%), from €2,549 to €530
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €293,347 | €295,110 | +€1,763 | +0.6% |
| Fixed assets | 21/28 | €286,789 | €275,197 | -€11,593 | -4.0% |
| Tangible fixed assets | 22/27 | €286,659 | €275,067 | -€11,593 | -4.0% |
| Land and buildings | 22 | €249,477 | €239,433 | -€10,044 | -4.0% |
| Plant, machinery and equipment | 23 | €2,298 | €1,439 | -€859 | -37.4% |
| Furniture and vehicles | 24 | €588 | €361 | -€227 | -38.6% |
| Other tangible fixed assets | 26 | €34,297 | €33,835 | -€462 | -1.3% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €6,557 | €19,913 | +€13,356 | +203.7% |
| Stocks and contracts in progress | 3 | €1,875 | €2,745 | +€871 | +46.4% |
| Stocks | 30/36 | €1,875 | €2,745 | +€871 | +46.4% |
| Cash at bank and in hand | 54/58 | €2,041 | €15,496 | +€13,455 | +659.3% |
| Deferred charges and accrued income | 490/1 | €2,642 | €1,672 | -€970 | -36.7% |
| Total equity and liabilities | 10/49 | €293,347 | €295,110 | +€1,763 | +0.6% |
| Equity | 10/15 | €58,169 | €59,126 | +€957 | +1.6% |
| Contributions | 10/11 | €64,600 | €64,600 | = | 0.0% |
| Reserves | 13 | €646 | €646 | = | 0.0% |
| Non-distributable reserves | 130/1 | €646 | €646 | = | 0.0% |
| Reserves not available under the articles | 1311 | €646 | €646 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,077 | -€6,120 | +€957 | +13.5% |
| Amounts payable | 17/49 | €235,178 | €235,984 | +€806 | +0.3% |
| Amounts payable after more than one year | 17 | €67,044 | €17,319 | -€49,724 | -74.2% |
| Financial debts | 170/4 | €67,044 | €17,319 | -€49,724 | -74.2% |
| Amounts payable within one year | 42/48 | €168,134 | €218,665 | +€50,530 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €14,434 | €21,228 | +€6,794 | +47.1% |
| Financial debts | 43 | €550 | - | -€550 | |
| Credit institutions | 430/8 | €550 | - | -€550 | |
| Trade debts | 44 | €49,746 | €72,909 | +€23,164 | +46.6% |
| Suppliers | 440/4 | €49,746 | €72,909 | +€23,164 | +46.6% |
| Taxes, remuneration and social security | 45 | €34,187 | €50,518 | +€16,331 | +47.8% |
| Taxes | 450/3 | €25,816 | €50,252 | +€24,436 | +94.7% |
| Remuneration and social security | 454/9 | €8,372 | €266 | -€8,106 | -96.8% |
| Other amounts payable | 47/48 | €69,218 | €74,010 | +€4,792 | +6.9% |
| Non-recurring operating income | 76A | €41 | - | -€41 | |
| Remuneration, social security and pensions | 62 | €132,701 | €123,500 | -€9,201 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,300 | €14,601 | +€1,301 | +9.8% |
| Other operating charges | 640/8 | €4,644 | €3,126 | -€1,519 | -32.7% |
| Gross operating margin | 9900 | €171,277 | €147,198 | -€24,079 | -14.1% |
| Operating profit (loss) | 9901 | €20,632 | €5,972 | -€14,660 | -71.1% |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €10,595 | €4,485 | -€6,111 | -57.7% |
| Recurring financial charges | 65 | €10,595 | €4,485 | -€6,111 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €10,057 | €1,487 | -€8,570 | -85.2% |
| Income taxes | 67/77 | €2,549 | €530 | -€2,019 | -79.2% |
| Profit (loss) for the period | 9904 | €7,508 | €957 | -€6,551 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,508 | €957 | -€6,551 | -87.3% |
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 8 October 2026 via checked.be.