GESTI - INVEST: what changed
What changed
GESTI - INVEST
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€22,589
2024 · €468,974-€491,563
Equity
€232,793
2024 · €255,382-€22,589
Cash
€106,508
2024 · €221,587-€115,079
Balance sheet total
€2.9m
2024 · €2.4m+€478,443
Largest movements
Assets
- Tangible fixed assets +€558,149
up €558,149 (+26.7%), from €2.1m to €2.7m
of which Land and buildings: +€567,393
- Cash -€115,079
down €115,079 (-51.9%), from €221,587 to €106,508
mainly Investment in fixed assets (net) (-€739,571) and Current investments (-€75,534)
- Current investments +€75,534
up €75,534 (+248%), from €30,442 to €105,976
- Receivables within one year -€42,341
down €42,341 (-64.2%), from €65,965 to €23,624
of which Other amounts receivable: -€26,471
Equity and liabilities
- Debts after one year +€566,409
up €566,409 (+64.1%), from €883,343 to €1.4m
- Other debts -€59,605
down €59,605 (-5.0%), from €1.2m to €1.1m
Income statement
- Gross operating margin -€514,903
down €514,903 (-66.7%), from €772,243 to €257,340
- Taxes -€44,736
down €44,736 (-62.7%), from €71,341 to €26,605
- Financial charges +€28,833
up €28,833 (+97.6%), from €29,532 to €58,365
- Staff costs -€14,495
down €14,495 (-78.3%), from €18,502 to €4,006
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€468,974
Gross operating margin
-€514,903
Staff costs
+€14,495
Depreciation
-€3,264
Other operating charges
-€2,590
Financial income
-€1,204
Financial charges
-€28,833
Taxes
+€44,736
Result 2025
-€22,589
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€119,730
Investment
-€815,105
Financing
+€580,295
Cash 2024
€221,587
From operations (derived)
+€119,730
Net result for the year
-€22,589
Depreciation
+€181,422
Receivables within one year
+€42,341
Deferred charges and accrued income
-€2,180
Trade debts
-€15,663
Tax, wage and social debts
+€270
Other debts
-€59,605
Accrued charges and deferred income
-€4,265
Investment (derived)
-€815,105
Investment in fixed assets (net)
-€739,571
Current investments
-€75,534
Financing
+€580,295
Debts after one year
+€566,409
Current portion of long-term debt
+€13,886
Cash 2025
€106,508
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,412,110 | €2,890,553 | +€478,443 | +19.8% |
| Fixed assets | 21/28 | €2,092,389 | €2,650,538 | +€558,149 | +26.7% |
| Tangible fixed assets | 22/27 | €2,092,389 | €2,650,538 | +€558,149 | +26.7% |
| Land and buildings | 22 | €2,044,565 | €2,611,959 | +€567,393 | +27.8% |
| Plant, machinery and equipment | 23 | €4,947 | €3,769 | -€1,177 | -23.8% |
| Furniture and vehicles | 24 | €42,877 | €34,810 | -€8,067 | -18.8% |
| Current assets | 29/58 | €319,721 | €240,015 | -€79,706 | -24.9% |
| Amounts receivable within one year | 40/41 | €65,965 | €23,624 | -€42,341 | -64.2% |
| Trade receivables | 40 | €35,965 | €20,095 | -€15,870 | -44.1% |
| Other amounts receivable | 41 | €30,000 | €3,529 | -€26,471 | -88.2% |
| Current investments | 50/53 | €30,442 | €105,976 | +€75,534 | +248% |
| Cash at bank and in hand | 54/58 | €221,587 | €106,508 | -€115,079 | -51.9% |
| Deferred charges and accrued income | 490/1 | €1,727 | €3,907 | +€2,180 | +126% |
| Total equity and liabilities | 10/49 | €2,412,110 | €2,890,553 | +€478,443 | +19.8% |
| Equity | 10/15 | €255,382 | €232,793 | -€22,589 | -8.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €249,182 | €249,182 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €209,822 | €209,822 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€22,589 | -€22,589 | |
| Amounts payable | 17/49 | €2,156,729 | €2,657,760 | +€501,032 | +23.2% |
| Amounts payable after more than one year | 17 | €883,343 | €1,449,753 | +€566,409 | +64.1% |
| Financial debts | 170/4 | €883,343 | €1,449,753 | +€566,409 | +64.1% |
| Amounts payable within one year | 42/48 | €1,269,121 | €1,208,008 | -€61,113 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €31,399 | €45,284 | +€13,886 | +44.2% |
| Trade debts | 44 | €36,272 | €20,609 | -€15,663 | -43.2% |
| Suppliers | 440/4 | €36,272 | €20,609 | -€15,663 | -43.2% |
| Taxes, remuneration and social security | 45 | €8,348 | €8,618 | +€270 | +3.2% |
| Taxes | 450/3 | €8,348 | €8,618 | +€270 | +3.2% |
| Other amounts payable | 47/48 | €1,193,101 | €1,133,496 | -€59,605 | -5.0% |
| Accrued charges and deferred income | 492/3 | €4,265 | - | -€4,265 | |
| Remuneration, social security and pensions | 62 | €18,502 | €4,006 | -€14,495 | -78.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,158 | €181,422 | +€3,264 | +1.8% |
| Other operating charges | 640/8 | €7,273 | €9,863 | +€2,590 | +35.6% |
| Gross operating margin | 9900 | €772,243 | €257,340 | -€514,903 | -66.7% |
| Operating profit (loss) | 9901 | €568,310 | €62,048 | -€506,262 | -89.1% |
| Financial income | 75/76B | €1,537 | €334 | -€1,204 | -78.3% |
| Recurring financial income | 75 | €1,537 | €334 | -€1,204 | -78.3% |
| Financial charges | 65/66B | €29,532 | €58,365 | +€28,833 | +97.6% |
| Recurring financial charges | 65 | €29,532 | €58,365 | +€28,833 | +97.6% |
| Profit (loss) for the period before taxes | 9903 | €540,315 | €4,017 | -€536,299 | -99.3% |
| Income taxes | 67/77 | €71,341 | €26,605 | -€44,736 | -62.7% |
| Profit (loss) for the period | 9904 | €468,974 | -€22,589 | -€491,563 | |
| Profit (loss) for the period to be appropriated | 9905 | €468,974 | -€22,589 | -€491,563 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.