GESTHOME: 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.
GESTHOME
Largest movements
- Tangible fixed assets -€1.2m
down €1.2m (-48.6%), from €2.4m to €1.2m
of which Land and buildings: -€1.2m
- Cash +€705,624
up €705,624 (+205.4%), from €343,557 to €1.0m
mainly Investment in fixed assets (net) (+€1.1m) and Net result for the year (+€314,032)
- Current investments +€633,754
new in 2025: €633,754
- Reserves +€314,032
up €314,032 (+31.9%), from €983,179 to €1.3m
of which Distributable reserves: +€317,875
- Debts after one year -€128,312
down €128,312 (-25.7%), from €498,933 to €370,622
- Current portion of long-term debt +€77,616
up €77,616 (+51.3%), from €151,256 to €228,872
- Tax, wage and social debts -€32,642
down €32,642 (-99.7%), from €32,742 to €100
- Financial income +€166,822
up €166,822 (+266.5%), from €62,600 to €229,422
of which Non-recurring financial income: +€165,376
- Taxes +€87,694
up €87,694 (+187.5%), from €46,770 to €134,464
- Gross operating margin +€84,886
up €84,886 (+32.5%), from €261,420 to €346,307
- Depreciation -€55,531
down €55,531 (-42.2%), from €131,734 to €76,203
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 | €2,817,891 | €2,993,430 | +€175,538 | +6.2% |
| Fixed assets | 21/28 | €2,376,448 | €1,222,634 | -€1.2m | -48.6% |
| Tangible fixed assets | 22/27 | €2,376,053 | €1,222,239 | -€1.2m | -48.6% |
| Land and buildings | 22 | €2,261,155 | €1,051,968 | -€1.2m | -53.5% |
| Plant, machinery and equipment | 23 | €1,123 | - | -€1,123 | |
| Furniture and vehicles | 24 | €1,123 | €68,334 | +€67,211 | +5984.1% |
| Other tangible fixed assets | 26 | €112,652 | €101,937 | -€10,715 | -9.5% |
| Financial fixed assets | 28 | €395 | €395 | = | 0.0% |
| Current assets | 29/58 | €441,444 | €1,770,796 | +€1.3m | +301.1% |
| Amounts receivable within one year | 40/41 | €97,887 | €87,861 | -€10,026 | -10.2% |
| Trade receivables | 40 | €82,524 | €1,050 | -€81,474 | -98.7% |
| Other amounts receivable | 41 | €15,363 | €86,811 | +€71,449 | +465.1% |
| Current investments | 50/53 | - | €633,754 | +€633,754 | |
| Cash at bank and in hand | 54/58 | €343,557 | €1,049,181 | +€705,624 | +205.4% |
| Total equity and liabilities | 10/49 | €2,817,891 | €2,993,430 | +€175,538 | +6.2% |
| Equity | 10/15 | €1,889,539 | €2,203,571 | +€314,032 | +16.6% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €983,179 | €1,297,211 | +€314,032 | +31.9% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,100 | €3,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,386 | €37,542 | -€3,844 | -9.3% |
| Distributable reserves | 133 | €938,694 | €1,256,569 | +€317,875 | +33.9% |
| Profit (loss) carried forward | 14 | €875,360 | €875,360 | = | 0.0% |
| Provisions and deferred taxes | 16 | €21,310 | €19,331 | -€1,979 | -9.3% |
| Deferred taxes | 168 | €21,310 | €19,331 | -€1,979 | -9.3% |
| Amounts payable | 17/49 | €907,042 | €770,527 | -€136,515 | -15.1% |
| Amounts payable after more than one year | 17 | €498,933 | €370,622 | -€128,312 | -25.7% |
| Financial debts | 170/4 | €498,933 | €370,622 | -€128,312 | -25.7% |
| Amounts payable within one year | 42/48 | €408,109 | €399,906 | -€8,203 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €151,256 | €228,872 | +€77,616 | +51.3% |
| Trade debts | 44 | €25,232 | €1,424 | -€23,808 | -94.4% |
| Suppliers | 440/4 | €25,232 | €1,424 | -€23,808 | -94.4% |
| Taxes, remuneration and social security | 45 | €32,742 | €100 | -€32,642 | -99.7% |
| Taxes | 450/3 | €32,742 | €100 | -€32,642 | -99.7% |
| Other amounts payable | 47/48 | €198,879 | €169,510 | -€29,369 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,734 | €76,203 | -€55,531 | -42.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €1,864 | +€1,864 | |
| Other operating charges | 640/8 | €28,107 | €28,881 | +€774 | +2.8% |
| Gross operating margin | 9900 | €261,420 | €346,307 | +€84,886 | +32.5% |
| Operating profit (loss) | 9901 | €101,579 | €239,359 | +€137,780 | +135.6% |
| Financial income | 75/76B | €62,600 | €229,422 | +€166,822 | +266.5% |
| Recurring financial income | 75 | €438 | €1,884 | +€1,446 | +330.1% |
| Non-recurring financial income | 76B | €62,162 | €227,538 | +€165,376 | +266.0% |
| Financial charges | 65/66B | €23,096 | €22,265 | -€831 | -3.6% |
| Recurring financial charges | 65 | €23,096 | €22,265 | -€831 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €141,084 | €446,517 | +€305,433 | +216.5% |
| Transfer from deferred taxes | 780 | €1,979 | €1,979 | = | 0.0% |
| Income taxes | 67/77 | €46,770 | €134,464 | +€87,694 | +187.5% |
| Profit (loss) for the period | 9904 | €96,293 | €314,032 | +€217,739 | +226.1% |
| Transfer from tax-exempt reserves | 789 | €3,844 | €3,844 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,137 | €317,875 | +€217,739 | +217.4% |
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 4 October 2026 via checked.be.