GESTIMAT BELGIUM: 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.
What changed
GESTIMAT BELGIUM
NACE 20.110, Manufacture of chemicals and chemical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€43,681
2024 · €33,026+€10,655
Equity
€395,941
2024 · €352,259+€43,681
Cash
€94,772
2024 · €107,796-€13,024
Balance sheet total
€4.1m
2024 · €2.0m+€2.1m
Largest movements
Assets
- Receivables within one year +€2.2m
up €2.2m (+151%), from €1.5m to €3.7m
of which Other amounts receivable: +€2.5m
- Tangible fixed assets -€76,920
down €76,920 (-24.9%), from €309,147 to €232,227
of which Leasing and similar rights: -€57,134
Equity and liabilities
- Short-term financial debts +€2.1m
up €2.1m (+1,229%), from €170,481 to €2.3m
of which Other loans: +€2.1m
- Tax, wage and social debts +€136,142
up €136,142 (+52.0%), from €261,702 to €397,844
of which Remuneration and social security: +€72,724
- Trade debts -€98,154
down €98,154 (-10.4%), from €939,554 to €841,400
- Debts after one year -€52,732
down €52,732 (-25.3%), from €208,367 to €155,636
- Profit (loss) carried forward +€43,681
up €43,681 (+23.3%), from €187,259 to €230,941
Income statement
- Services and other goods -€173,571
down €173,571 (-5.4%), from €3.2m to €3.0m
- Turnover -€106,743
down €106,743 (-2.1%), from €5.1m to €5.0m
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.
Result 2024
€33,026
Turnover
-€106,743
Other operating income
-€45,810
Services and other goods
+€173,571
Staff costs
+€5,714
Depreciation
-€2,215
Other operating charges
-€5,591
Financial income
+€5,096
Financial charges
-€5,218
Taxes
-€8,147
Result 2025
€43,681
raises the resultlowers the result
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.
From operations
-€2.0m
Investment
-€13,213
Financing
+€2.0m
Cash 2024
€107,796
From operations (derived)
-€2.0m
Net result for the year
+€43,681
Depreciation
+€104,883
Receivables within one year
-€2.2m
Smaller working-capital items
-€732
Trade debts
-€98,154
Tax, wage and social debts
+€136,142
Investment (derived)
-€13,213
Investment in fixed assets (net)
-€13,213
Financing
+€2.0m
Debts after one year
-€52,732
Current portion of long-term debt
-€12,685
Short-term financial debts
+€2.1m
Cash 2025
€94,772
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,004,666 | €4,119,675 | +€2.1m | +106% |
| Fixed assets | 21/28 | €401,126 | €309,455 | -€91,670 | -22.9% |
| Intangible fixed assets | 21 | €88,500 | €73,750 | -€14,750 | -16.7% |
| Tangible fixed assets | 22/27 | €309,147 | €232,227 | -€76,920 | -24.9% |
| Plant, machinery and equipment | 23 | €9,590 | €9,379 | -€211 | -2.2% |
| Furniture and vehicles | 24 | €23,588 | €9,123 | -€14,465 | -61.3% |
| Leasing and similar rights | 25 | €261,495 | €204,361 | -€57,134 | -21.8% |
| Other tangible fixed assets | 26 | €14,474 | €9,363 | -€5,110 | -35.3% |
| Financial fixed assets | 28 | €3,479 | €3,479 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,479 | €3,479 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,479 | €3,479 | = | 0.0% |
| Current assets | 29/58 | €1,603,541 | €3,810,219 | +€2.2m | +138% |
| Amounts receivable within one year | 40/41 | €1,471,373 | €3,686,908 | +€2.2m | +151% |
| Trade receivables | 40 | €966,746 | €642,943 | -€323,803 | -33.5% |
| Other amounts receivable | 41 | €504,627 | €3,043,966 | +€2.5m | +503% |
| Cash at bank and in hand | 54/58 | €107,796 | €94,772 | -€13,024 | -12.1% |
| Deferred charges and accrued income | 490/1 | €24,371 | €28,539 | +€4,168 | +17.1% |
| Total equity and liabilities | 10/49 | €2,004,666 | €4,119,675 | +€2.1m | +106% |
| Equity | 10/15 | €352,259 | €395,941 | +€43,681 | +12.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,259 | €230,941 | +€43,681 | +23.3% |
| Amounts payable | 17/49 | €1,652,407 | €3,723,734 | +€2.1m | +125% |
| Amounts payable after more than one year | 17 | €208,367 | €155,636 | -€52,732 | -25.3% |
| Financial debts | 170/4 | €208,367 | €155,636 | -€52,732 | -25.3% |
| Leasing and similar obligations | 172 | €208,367 | €155,636 | -€52,732 | -25.3% |
| Amounts payable within one year | 42/48 | €1,444,040 | €3,564,663 | +€2.1m | +147% |
| Current portion of amounts payable after more than one year | 42 | €72,303 | €59,618 | -€12,685 | -17.5% |
| Financial debts | 43 | €170,481 | €2,265,802 | +€2.1m | +1,229% |
| Credit institutions | 430/8 | €170,481 | €190,802 | +€20,320 | +11.9% |
| Other loans | 439 | - | €2,075,000 | +€2.1m | |
| Trade debts | 44 | €939,554 | €841,400 | -€98,154 | -10.4% |
| Suppliers | 440/4 | €939,554 | €841,400 | -€98,154 | -10.4% |
| Taxes, remuneration and social security | 45 | €261,702 | €397,844 | +€136,142 | +52.0% |
| Taxes | 450/3 | €34,911 | €98,329 | +€63,418 | +182% |
| Remuneration and social security | 454/9 | €226,791 | €299,516 | +€72,724 | +32.1% |
| Accrued charges and deferred income | 492/3 | - | €3,435 | +€3,435 | |
| Operating income | 70/76A | €5,658,009 | €5,505,456 | -€152,553 | -2.7% |
| Turnover | 70 | €5,082,796 | €4,976,053 | -€106,743 | -2.1% |
| Other operating income | 74 | €575,213 | €529,403 | -€45,810 | -8.0% |
| Operating charges | 60/66A | €5,578,436 | €5,406,957 | -€171,479 | -3.1% |
| Services and other goods | 61 | €3,194,269 | €3,020,698 | -€173,571 | -5.4% |
| Remuneration, social security and pensions | 62 | €2,255,084 | €2,249,370 | -€5,714 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,668 | €104,883 | +€2,215 | +2.2% |
| Other operating charges | 640/8 | €26,415 | €32,006 | +€5,591 | +21.2% |
| Operating profit (loss) | 9901 | €79,574 | €98,499 | +€18,925 | +23.8% |
| Financial income | 75/76B | €35,461 | €40,557 | +€5,096 | +14.4% |
| Recurring financial income | 75 | €35,461 | €40,557 | +€5,096 | +14.4% |
| Other financial income | 752/9 | €35,461 | €40,557 | +€5,096 | +14.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €32,095 | €37,314 | +€5,218 | +16.3% |
| Recurring financial charges | 65 | €32,095 | €37,314 | +€5,218 | +16.3% |
| Debt charges | 650 | €24,041 | €17,629 | -€6,412 | -26.7% |
| Other financial charges | 652/9 | €8,054 | €19,685 | +€11,631 | +144% |
| Profit (loss) for the period before taxes | 9903 | €82,939 | €101,742 | +€18,803 | +22.7% |
| Income taxes | 67/77 | €49,913 | €58,060 | +€8,147 | +16.3% |
| Taxes | 670/3 | €49,913 | €58,060 | +€8,147 | +16.3% |
| Profit (loss) for the period | 9904 | €33,026 | €43,681 | +€10,655 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,026 | €43,681 | +€10,655 | +32.3% |
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 1 November 2026 via checked.be.