GESTIMMO: 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.
GESTIMMO
Largest movements
- Receivables within one year +€44,578
up €44,578, from €0 to €44,578
of which Trade receivables: +€44,578
- Tangible fixed assets -€25,327
down €25,327 (-12.6%), from €200,791 to €175,464
of which Plant, machinery and equipment: -€23,073
- Cash -€21,708
down €21,708 (-77.2%), from €28,116 to €6,408
mainly Receivables within one year (-€44,578) and Current portion of long-term debt (-€17,550)
- Reserves +€49,843
up €49,843 (+467.5%), from €10,663 to €60,506
of which Distributable reserves: +€49,843
- Current portion of long-term debt -€17,550
down €17,550 (-50.5%), from €34,756 to €17,207
- Debts after one year -€17,207
down €17,207 (-35.1%), from €48,983 to €31,776
- Other debts -€12,096
down €12,096 (-18.8%), from €64,470 to €52,374
- Tax, wage and social debts -€5,792
down €5,792 (-74.8%), from €7,747 to €1,955
- Gross operating margin +€3,259
up €3,259 (+3.2%), from €101,589 to €104,848
- Depreciation -€2,456
down €2,456 (-8.8%), from €27,784 to €25,327
- Taxes +€1,735
up €1,735 (+11.3%), from €15,366 to €17,101
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 | €228,907 | €226,449 | -€2,458 | -1.1% |
| Fixed assets | 21/28 | €200,791 | €175,464 | -€25,327 | -12.6% |
| Tangible fixed assets | 22/27 | €200,791 | €175,464 | -€25,327 | -12.6% |
| Land and buildings | 22 | €98,004 | €95,750 | -€2,254 | -2.3% |
| Plant, machinery and equipment | 23 | €102,787 | €79,713 | -€23,073 | -22.4% |
| Current assets | 29/58 | €28,116 | €50,986 | +€22,870 | +81.3% |
| Amounts receivable within one year | 40/41 | €0 | €44,578 | +€44,578 | |
| Trade receivables | 40 | €0 | €44,578 | +€44,578 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €28,116 | €6,408 | -€21,708 | -77.2% |
| Total equity and liabilities | 10/49 | €228,907 | €226,449 | -€2,458 | -1.1% |
| Equity | 10/15 | €72,663 | €122,506 | +€49,843 | +68.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €10,663 | €60,506 | +€49,843 | +467.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €4,463 | €54,306 | +€49,843 | +1116.9% |
| Amounts payable | 17/49 | €156,244 | €103,944 | -€52,301 | -33.5% |
| Amounts payable after more than one year | 17 | €48,983 | €31,776 | -€17,207 | -35.1% |
| Financial debts | 170/4 | €48,983 | €31,776 | -€17,207 | -35.1% |
| Amounts payable within one year | 42/48 | €107,215 | €72,117 | -€35,098 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €34,756 | €17,207 | -€17,550 | -50.5% |
| Trade debts | 44 | €242 | €581 | +€339 | +140.2% |
| Suppliers | 440/4 | €242 | €581 | +€339 | +140.2% |
| Taxes, remuneration and social security | 45 | €7,747 | €1,955 | -€5,792 | -74.8% |
| Taxes | 450/3 | €7,747 | €1,955 | -€5,792 | -74.8% |
| Other amounts payable | 47/48 | €64,470 | €52,374 | -€12,096 | -18.8% |
| Accrued charges and deferred income | 492/3 | €46 | €51 | +€4 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,784 | €25,327 | -€2,456 | -8.8% |
| Other operating charges | 640/8 | €10,943 | €11,286 | +€343 | +3.1% |
| Gross operating margin | 9900 | €101,589 | €104,848 | +€3,259 | +3.2% |
| Operating profit (loss) | 9901 | €62,862 | €68,234 | +€5,372 | +8.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +225.8% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +225.8% |
| Financial charges | 65/66B | €1,703 | €1,291 | -€411 | -24.2% |
| Recurring financial charges | 65 | €1,703 | €1,291 | -€411 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €61,160 | €66,944 | +€5,784 | +9.5% |
| Income taxes | 67/77 | €15,366 | €17,101 | +€1,735 | +11.3% |
| Profit (loss) for the period | 9904 | €45,794 | €49,843 | +€4,050 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,794 | €49,843 | +€4,050 | +8.8% |
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 4 October 2026 via checked.be.