Gestica: 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.
Gestica
Largest movements
- Current investments -€450,000
no longer reported in 2025 (was €450,000)
- Cash -€208,926
down €208,926 (-93.1%), from €224,508 to €15,582
mainly Debts after one year (-€541,951) and Investment in fixed assets (net) (-€215,916)
- Tangible fixed assets +€135,929
up €135,929 (+7.4%), from €1.8m to €2.0m
of which Land and buildings: +€142,982
- Debts after one year -€541,951
down €541,951 (-99.4%), from €545,351 to €3,400
of which Financial debts: -€541,951
- Other debts +€94,304
up €94,304 (+24.4%), from €387,221 to €481,525
- Reserves -€34,229
down €34,229 (-3.7%), from €933,439 to €899,210
of which Tax-exempt reserves: -€34,229
- Gross operating margin -€1.4m
down €1.4m (-96.4%), from €1.4m to €49,875
- Financial charges -€29,024
down €29,024 (-58.4%), from €49,671 to €20,647
- Depreciation -€26,162
down €26,162 (-24.6%), from €106,149 to €79,987
- Other operating charges -€22,500
down €22,500 (-89.7%), from €25,077 to €2,577
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 | €2,516,120 | €1,992,440 | -€523,679 | -20.8% |
| Fixed assets | 21/28 | €1,838,381 | €1,974,311 | +€135,929 | +7.4% |
| Tangible fixed assets | 22/27 | €1,838,381 | €1,974,311 | +€135,929 | +7.4% |
| Land and buildings | 22 | €1,761,548 | €1,904,530 | +€142,982 | +8.1% |
| Plant, machinery and equipment | 23 | €24,232 | €32,026 | +€7,795 | +32.2% |
| Furniture and vehicles | 24 | €52,602 | €37,755 | -€14,847 | -28.2% |
| Current assets | 29/58 | €677,738 | €18,130 | -€659,609 | -97.3% |
| Amounts receivable within one year | 40/41 | €3,231 | €2,548 | -€683 | -21.1% |
| Trade receivables | 40 | - | €2,245 | +€2,245 | |
| Other amounts receivable | 41 | €3,231 | €303 | -€2,927 | -90.6% |
| Current investments | 50/53 | €450,000 | - | -€450,000 | |
| Cash at bank and in hand | 54/58 | €224,508 | €15,582 | -€208,926 | -93.1% |
| Total equity and liabilities | 10/49 | €2,516,120 | €1,992,440 | -€523,679 | -20.8% |
| Equity | 10/15 | €1,240,832 | €1,202,612 | -€38,220 | -3.1% |
| Contributions | 10/11 | €422,930 | €422,930 | = | 0.0% |
| Capital | 10 | €411,500 | €411,500 | = | 0.0% |
| Issued capital | 100 | €411,500 | €411,500 | = | 0.0% |
| Outside capital | 11 | €11,430 | €11,430 | = | 0.0% |
| Share premium | 1100/10 | €11,430 | €11,430 | = | 0.0% |
| Reserves | 13 | €933,439 | €899,210 | -€34,229 | -3.7% |
| Non-distributable reserves | 130/1 | €691 | €691 | = | 0.0% |
| Legal reserve | 130 | €691 | €691 | = | 0.0% |
| Tax-exempt reserves | 132 | €930,043 | €895,814 | -€34,229 | -3.7% |
| Distributable reserves | 133 | €2,705 | €2,705 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,537 | -€119,528 | -€3,991 | -3.5% |
| Provisions and deferred taxes | 16 | €310,014 | €298,605 | -€11,410 | -3.7% |
| Deferred taxes | 168 | €310,014 | €298,605 | -€11,410 | -3.7% |
| Amounts payable | 17/49 | €965,273 | €491,223 | -€474,050 | -49.1% |
| Amounts payable after more than one year | 17 | €545,351 | €3,400 | -€541,951 | -99.4% |
| Financial debts | 170/4 | €541,951 | - | -€541,951 | |
| Other amounts payable | 178/9 | €3,400 | €3,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €419,922 | €487,799 | +€67,877 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €24,174 | - | -€24,174 | |
| Trade debts | 44 | €7,032 | €3,291 | -€3,741 | -53.2% |
| Suppliers | 440/4 | €7,032 | €3,291 | -€3,741 | -53.2% |
| Advances received on contracts in progress | 46 | €1,496 | €1,600 | +€104 | +6.9% |
| Taxes, remuneration and social security | 45 | - | €1,383 | +€1,383 | |
| Taxes | 450/3 | - | €1,383 | +€1,383 | |
| Other amounts payable | 47/48 | €387,221 | €481,525 | +€94,304 | +24.4% |
| Accrued charges and deferred income | 492/3 | - | €24 | +€24 | |
| Remuneration, social security and pensions | 62 | €1,985 | €485 | -€1,499 | -75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,149 | €79,987 | -€26,162 | -24.6% |
| Other operating charges | 640/8 | €25,077 | €2,577 | -€22,500 | -89.7% |
| Non-recurring operating charges | 66A | €5,238 | - | -€5,238 | |
| Gross operating margin | 9900 | €1,404,167 | €49,875 | -€1.4m | -96.4% |
| Operating profit (loss) | 9901 | €1,265,718 | -€33,174 | -€1.3m | |
| Financial income | 75/76B | €1 | €4,283 | +€4,282 | +522193.9% |
| Recurring financial income | 75 | €1 | €4,283 | +€4,282 | +522193.9% |
| Financial charges | 65/66B | €49,671 | €20,647 | -€29,024 | -58.4% |
| Recurring financial charges | 65 | €49,671 | €20,647 | -€29,024 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | €1,216,048 | -€49,539 | -€1.3m | |
| Transfer from deferred taxes | 780 | €14,134 | €11,410 | -€2,724 | -19.3% |
| Transfer to deferred taxes | 680 | €324,148 | - | -€324,148 | |
| Income taxes | 67/77 | - | €91 | +€91 | |
| Profit (loss) for the period | 9904 | €906,033 | -€38,220 | -€944,253 | |
| Transfer from tax-exempt reserves | 789 | €42,402 | €34,229 | -€8,173 | -19.3% |
| Transfer to tax-exempt reserves | 689 | €972,445 | - | -€972,445 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,010 | -€3,991 | +€20,019 | +83.4% |
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 2 October 2026 via checked.be.