GESTIM: 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.
GESTIM
Largest movements
- Tangible fixed assets -€14,548
down €14,548 (-5.5%), from €265,666 to €251,117
of which Land and buildings: -€8,333
- Reserves -€6,466
down €6,466 (-5.9%), from €108,876 to €102,410
of which Tax-exempt reserves: -€6,466
- Provisions -€4,311
down €4,311 (-6.1%), from €70,407 to €66,096
- Profit (loss) carried forward -€2,677
down €2,677 (-4.4%), from €60,464 to €57,787
- Gross operating margin +€1,033
up €1,033 (+32.2%), from €3,211 to €4,244
- Other operating charges +€993
up €993 (+49.3%), from €2,015 to €3,008
- Financial charges +€141
up €141 (+16981.9%), from €1 to €142
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 | €266,228 | €251,613 | -€14,615 | -5.5% |
| Fixed assets | 21/28 | €265,681 | €251,132 | -€14,548 | -5.5% |
| Tangible fixed assets | 22/27 | €265,666 | €251,117 | -€14,548 | -5.5% |
| Land and buildings | 22 | €234,420 | €226,088 | -€8,333 | -3.6% |
| Plant, machinery and equipment | 23 | €31,246 | €25,030 | -€6,216 | -19.9% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €547 | €481 | -€66 | -12.1% |
| Amounts receivable within one year | 40/41 | €58 | - | -€58 | |
| Other amounts receivable | 41 | €58 | - | -€58 | |
| Cash at bank and in hand | 54/58 | €25 | €12 | -€12 | -49.9% |
| Deferred charges and accrued income | 490/1 | €465 | €469 | +€4 | +0.9% |
| Total equity and liabilities | 10/49 | €266,228 | €251,613 | -€14,615 | -5.5% |
| Equity | 10/15 | €194,340 | €185,197 | -€9,143 | -4.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €108,876 | €102,410 | -€6,466 | -5.9% |
| Tax-exempt reserves | 132 | €105,610 | €99,144 | -€6,466 | -6.1% |
| Distributable reserves | 133 | €3,266 | €3,266 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,464 | €57,787 | -€2,677 | -4.4% |
| Provisions and deferred taxes | 16 | €70,407 | €66,096 | -€4,311 | -6.1% |
| Deferred taxes | 168 | €70,407 | €66,096 | -€4,311 | -6.1% |
| Amounts payable | 17/49 | €1,482 | €321 | -€1,161 | -78.4% |
| Amounts payable within one year | 42/48 | €1,482 | €321 | -€1,161 | -78.4% |
| Trade debts | 44 | €66 | €139 | +€73 | +111.1% |
| Suppliers | 440/4 | €66 | €139 | +€73 | +111.1% |
| Other amounts payable | 47/48 | €1,416 | €182 | -€1,234 | -87.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,548 | €14,548 | = | 0.0% |
| Other operating charges | 640/8 | €2,015 | €3,008 | +€993 | +49.3% |
| Gross operating margin | 9900 | €3,211 | €4,244 | +€1,033 | +32.2% |
| Operating profit (loss) | 9901 | -€13,352 | -€13,312 | +€40 | +0.3% |
| Financial charges | 65/66B | €1 | €142 | +€141 | +16981.9% |
| Recurring financial charges | 65 | €1 | €142 | +€141 | +16981.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,353 | -€13,454 | -€101 | -0.8% |
| Transfer from deferred taxes | 780 | €4,311 | €4,311 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€9,042 | -€9,143 | -€101 | -1.1% |
| Transfer from tax-exempt reserves | 789 | €6,466 | €6,466 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,576 | -€2,677 | -€101 | -3.9% |
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 29 September 2026 via checked.be.