GESTICOM: what changed
Two financial 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.
GESTICOM
Largest movements
- Tangible fixed assets -€55,857
down €55,857 (-5.5%), from €1.0m to €952,700
of which Land and buildings: -€55,334
- Intangible fixed assets -€29,493
down €29,493 (-11.1%), from €265,439 to €235,946
- Cash +€15,153
up €15,153 (+333%), from €4,555 to €19,708
mainly Depreciation (+€85,350) and Net result for the year (+€18,845)
- Debts after one year -€69,966
down €69,966 (-15.2%), from €459,694 to €389,728
- Reserves +€24,645
up €24,645 (+34.0%), from €72,441 to €97,085
of which Distributable reserves: +€21,373
- Other debts -€15,197
down €15,197 (-44.9%), from €33,850 to €18,653
- Gross operating margin -€12,523
down €12,523 (-7.3%), from €171,958 to €159,435
- Taxes -€4,132
down €4,132 (-14.7%), from €28,090 to €23,958
- Depreciation -€2,969
down €2,969 (-3.4%), from €88,319 to €85,350
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.
Derived cash bridge
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 | €1,278,559 | €1,208,363 | -€70,196 | -5.5% |
| Fixed assets | 21/28 | €1,274,004 | €1,188,654 | -€85,350 | -6.7% |
| Intangible fixed assets | 21 | €265,439 | €235,946 | -€29,493 | -11.1% |
| Tangible fixed assets | 22/27 | €1,008,556 | €952,700 | -€55,857 | -5.5% |
| Land and buildings | 22 | €1,002,054 | €946,721 | -€55,334 | -5.5% |
| Other tangible fixed assets | 26 | €6,502 | €5,979 | -€523 | -8.0% |
| Financial fixed assets | 28 | €9 | €9 | = | 0.0% |
| Current assets | 29/58 | €4,555 | €19,708 | +€15,153 | +333% |
| Cash at bank and in hand | 54/58 | €4,555 | €19,708 | +€15,153 | +333% |
| Total equity and liabilities | 10/49 | €1,278,559 | €1,208,363 | -€70,196 | -5.5% |
| Equity | 10/15 | €643,818 | €662,663 | +€18,845 | +2.9% |
| Contributions | 10/11 | €237,000 | €237,000 | = | 0.0% |
| Capital | 10 | €237,000 | €237,000 | = | 0.0% |
| Issued capital | 100 | €237,000 | €237,000 | = | 0.0% |
| Revaluation surpluses | 12 | €104,400 | €98,600 | -€5,800 | -5.6% |
| Reserves | 13 | €72,441 | €97,085 | +€24,645 | +34.0% |
| Non-distributable reserves | 130/1 | €46,800 | €52,600 | +€5,800 | +12.4% |
| Legal reserve | 130 | €6,200 | €46,400 | +€40,200 | +648% |
| Reserves not available under the articles | 1311 | €40,600 | €6,200 | -€34,400 | -84.7% |
| Tax-exempt reserves | 132 | €25,641 | €23,113 | -€2,528 | -9.9% |
| Distributable reserves | 133 | - | €21,373 | +€21,373 | |
| Profit (loss) carried forward | 14 | €229,978 | €229,978 | = | 0.0% |
| Provisions and deferred taxes | 16 | €15,431 | €14,800 | -€631 | -4.1% |
| Deferred taxes | 168 | €15,431 | €14,800 | -€631 | -4.1% |
| Amounts payable | 17/49 | €619,310 | €530,900 | -€88,410 | -14.3% |
| Amounts payable after more than one year | 17 | €459,694 | €389,728 | -€69,966 | -15.2% |
| Financial debts | 170/4 | €459,694 | €389,728 | -€69,966 | -15.2% |
| Amounts payable within one year | 42/48 | €159,616 | €141,172 | -€18,444 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €70,497 | €69,868 | -€629 | -0.9% |
| Trade debts | 44 | €8,302 | €3,513 | -€4,789 | -57.7% |
| Suppliers | 440/4 | €8,302 | €3,513 | -€4,789 | -57.7% |
| Taxes, remuneration and social security | 45 | €46,967 | €49,138 | +€2,171 | +4.6% |
| Taxes | 450/3 | €46,967 | €49,138 | +€2,171 | +4.6% |
| Other amounts payable | 47/48 | €33,850 | €18,653 | -€15,197 | -44.9% |
| Non-recurring operating income | 76A | €26 | - | -€26 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,319 | €85,350 | -€2,969 | -3.4% |
| Other operating charges | 640/8 | €19,494 | €20,856 | +€1,362 | +7.0% |
| Non-recurring operating charges | 66A | €1 | - | -€1 | |
| Gross operating margin | 9900 | €171,958 | €159,435 | -€12,523 | -7.3% |
| Operating profit (loss) | 9901 | €64,144 | €53,229 | -€10,915 | -17.0% |
| Financial charges | 65/66B | €12,747 | €11,057 | -€1,689 | -13.3% |
| Recurring financial charges | 65 | €12,747 | €11,057 | -€1,689 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €51,398 | €42,172 | -€9,225 | -17.9% |
| Transfer from deferred taxes | 780 | €631 | €631 | = | 0.0% |
| Income taxes | 67/77 | €28,090 | €23,958 | -€4,132 | -14.7% |
| Profit (loss) for the period | 9904 | €23,938 | €18,845 | -€5,094 | -21.3% |
| Transfer from tax-exempt reserves | 789 | €2,528 | €2,528 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,466 | €21,373 | -€5,094 | -19.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.