GESTIMUM: 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.
GESTIMUM
Largest movements
- Cash -€22,812
down €22,812 (-84.8%), from €26,905 to €4,093
mainly Debts after one year (-€78,000) and Receivables within one year (-€17,225)
- Receivables within one year +€17,225
up €17,225 (+1,863%), from €925 to €18,150
- Debts after one year -€78,000
down €78,000 (-30.2%), from €258,500 to €180,500
- Reserves +€66,039
up €66,039 (+95.1%), from €69,441 to €135,481
- Gross operating margin -€8,395
down €8,395 (-7.5%), from €112,111 to €103,716
- Taxes -€1,685
down €1,685 (-5.1%), from €32,785 to €31,099
- Other operating charges -€1,544
down €1,544 (-62.9%), from €2,454 to €910
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 | €457,722 | €452,097 | -€5,625 | -1.2% |
| Fixed assets | 21/28 | €427,500 | €427,500 | = | 0.0% |
| Financial fixed assets | 28 | €427,500 | €427,500 | = | 0.0% |
| Current assets | 29/58 | €30,222 | €24,597 | -€5,625 | -18.6% |
| Amounts receivable within one year | 40/41 | €925 | €18,150 | +€17,225 | +1,863% |
| Trade receivables | 40 | €925 | €18,150 | +€17,225 | +1,863% |
| Cash at bank and in hand | 54/58 | €26,905 | €4,093 | -€22,812 | -84.8% |
| Deferred charges and accrued income | 490/1 | €2,393 | €2,354 | -€39 | -1.6% |
| Total equity and liabilities | 10/49 | €457,722 | €452,097 | -€5,625 | -1.2% |
| Equity | 10/15 | €72,441 | €138,481 | +€66,039 | +91.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €69,441 | €135,481 | +€66,039 | +95.1% |
| Distributable reserves | 133 | €69,441 | €135,481 | +€66,039 | +95.1% |
| Amounts payable | 17/49 | €385,280 | €313,616 | -€71,664 | -18.6% |
| Amounts payable after more than one year | 17 | €258,500 | €180,500 | -€78,000 | -30.2% |
| Other amounts payable | 178/9 | €258,500 | €180,500 | -€78,000 | -30.2% |
| Amounts payable within one year | 42/48 | €126,780 | €133,116 | +€6,336 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €78,000 | €78,000 | = | 0.0% |
| Trade debts | 44 | €288 | €2,759 | +€2,471 | +858% |
| Suppliers | 440/4 | €288 | €2,759 | +€2,471 | +858% |
| Taxes, remuneration and social security | 45 | €46,514 | €47,688 | +€1,174 | +2.5% |
| Taxes | 450/3 | €46,514 | €47,688 | +€1,174 | +2.5% |
| Other amounts payable | 47/48 | €1,979 | €4,669 | +€2,691 | +136% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €809 | - | -€809 | |
| Other operating charges | 640/8 | €2,454 | €910 | -€1,544 | -62.9% |
| Gross operating margin | 9900 | €112,111 | €103,716 | -€8,395 | -7.5% |
| Operating profit (loss) | 9901 | €108,848 | €102,806 | -€6,042 | -5.6% |
| Financial charges | 65/66B | €6,622 | €5,667 | -€954 | -14.4% |
| Recurring financial charges | 65 | €6,622 | €5,667 | -€954 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €102,226 | €97,139 | -€5,087 | -5.0% |
| Income taxes | 67/77 | €32,785 | €31,099 | -€1,685 | -5.1% |
| Profit (loss) for the period | 9904 | €69,441 | €66,039 | -€3,402 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €69,441 | €66,039 | -€3,402 | -4.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.