GESTIF: 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.
GESTIF
Largest movements
- Intangible fixed assets -€34,203
down €34,203 (-38.8%), from €88,225 to €54,022
- Tangible fixed assets -€11,445
down €11,445 (-42.1%), from €27,190 to €15,745
of which Other tangible fixed assets: -€11,405
- Receivables within one year -€4,133
down €4,133 (-82.2%), from €5,026 to €893
of which Other amounts receivable: -€2,925
- Profit (loss) carried forward -€46,318
down €46,318 (-49.3%), from -€93,947 to -€140,265
- Debts after one year -€4,837
down €4,837 (-2.4%), from €199,344 to €194,507
- Gross operating margin -€3,132
down €3,132, from €3,103 to -€30
- Depreciation -€1,193
down €1,193 (-4.9%), from €24,201 to €23,007
- Other operating charges -€325
down €325 (-44.8%), from €724 to €400
- Taxes -€86
down €86, from €85 to -€1
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,496 | €73,720 | -€50,777 | -40.8% |
| Fixed assets | 21/28 | €115,415 | €69,767 | -€45,648 | -39.6% |
| Intangible fixed assets | 21 | €88,225 | €54,022 | -€34,203 | -38.8% |
| Tangible fixed assets | 22/27 | €27,190 | €15,745 | -€11,445 | -42.1% |
| Furniture and vehicles | 24 | €855 | €814 | -€40 | -4.7% |
| Other tangible fixed assets | 26 | €26,335 | €14,931 | -€11,405 | -43.3% |
| Current assets | 29/58 | €9,081 | €3,953 | -€5,129 | -56.5% |
| Amounts receivable within one year | 40/41 | €5,026 | €893 | -€4,133 | -82.2% |
| Trade receivables | 40 | €2,102 | €893 | -€1,209 | -57.5% |
| Other amounts receivable | 41 | €2,925 | - | -€2,925 | |
| Cash at bank and in hand | 54/58 | €3,649 | €3,060 | -€590 | -16.2% |
| Deferred charges and accrued income | 490/1 | €406 | - | -€406 | |
| Total equity and liabilities | 10/49 | €124,496 | €73,720 | -€50,777 | -40.8% |
| Equity | 10/15 | -€75,347 | -€121,665 | -€46,318 | -61.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,947 | -€140,265 | -€46,318 | -49.3% |
| Amounts payable | 17/49 | €199,843 | €195,385 | -€4,459 | -2.2% |
| Amounts payable after more than one year | 17 | €199,344 | €194,507 | -€4,837 | -2.4% |
| Other amounts payable | 178/9 | €199,344 | €194,507 | -€4,837 | -2.4% |
| Amounts payable within one year | 42/48 | €499 | €878 | +€378 | +75.8% |
| Trade debts | 44 | €340 | €878 | +€538 | +158.1% |
| Suppliers | 440/4 | €340 | €878 | +€538 | +158.1% |
| Taxes, remuneration and social security | 45 | €159 | - | -€159 | |
| Taxes | 450/3 | €159 | - | -€159 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,201 | €23,007 | -€1,193 | -4.9% |
| Other operating charges | 640/8 | €724 | €400 | -€325 | -44.8% |
| Gross operating margin | 9900 | €3,103 | -€30 | -€3,132 | |
| Operating profit (loss) | 9901 | -€21,822 | -€23,437 | -€1,614 | -7.4% |
| Financial charges | 65/66B | €39 | €45 | +€6 | +14.1% |
| Recurring financial charges | 65 | €39 | €45 | +€6 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,862 | -€23,482 | -€1,620 | -7.4% |
| Income taxes | 67/77 | €85 | -€1 | -€86 | |
| Profit (loss) for the period | 9904 | -€21,947 | -€23,480 | -€1,534 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,947 | -€23,480 | -€1,534 | -7.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.