GESTION MANAGEMENT HOLDING: 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
GESTION MANAGEMENT HOLDING
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€732,014
2024 · €269,022+€462,992
Equity
€3.7m
2024 · €3.9m-€267,986
Cash
€81,551
2024 · €51,693+€29,858
Balance sheet total
€7.6m
2024 · €6.7m+€874,030
Largest movements
Assets
- Current investments +€750,000
new in 2025: €750,000
Equity and liabilities
- Other debts +€1.4m
up €1.4m (+329%), from €438,977 to €1.9m
- Reserves -€292,100
down €292,100 (-7.8%), from €3.7m to €3.5m
of which Distributable reserves: -€250,000
- Debts after one year -€201,503
down €201,503 (-10.1%), from €2.0m to €1.8m
- Current portion of long-term debt -€98,181
down €98,181 (-32.4%), from €302,678 to €204,497
Income statement
- Depreciation -€220,348
down €220,348 (-73.3%), from €300,802 to €80,454
- Financial income +€174,866
up €174,866 (+43.1%), from €406,032 to €580,898
- Gross operating margin +€144,691
up €144,691 (+74.2%), from €194,954 to €339,645
- Financial charges +€47,890
up €47,890 (+205%), from €23,345 to €71,235
- Taxes +€17,452
up €17,452, from -€452 to €17,000
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
€269,022
Gross operating margin
+€144,691
Depreciation
+€220,348
Other operating charges
-€11,163
Other operating items
-€408
Financial income
+€174,866
Financial charges
-€47,890
Taxes
-€17,452
Result 2025
€732,014
raises the resultlowers the resultnot broken down further in the accounts
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
+€2.2m
Investment
-€883,743
Financing
-€1.3m
Cash 2024
€51,693
From operations (derived)
+€2.2m
Net result for the year
+€732,014
Depreciation
+€80,454
Receivables within one year
-€42,426
Smaller working-capital items
-€1,427
Tax, wage and social debts
-€12,283
Other debts
+€1.4m
Accrued charges and deferred income
+€11,450
Investment (derived)
-€883,743
Investment in fixed assets (net)
-€133,743
Current investments
-€750,000
Financing
-€1.3m
Debts after one year
-€201,503
Current portion of long-term debt
-€98,181
Contributions, distributions and other
-€1.0m
Cash 2025
€81,551
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,677,225 | €7,551,255 | +€874,030 | +13.1% |
| Fixed assets | 21/28 | €6,562,591 | €6,615,880 | +€53,289 | +0.8% |
| Tangible fixed assets | 22/27 | €2,271,679 | €2,324,968 | +€53,289 | +2.3% |
| Land and buildings | 22 | €2,271,679 | €2,320,504 | +€48,825 | +2.1% |
| Furniture and vehicles | 24 | - | €4,464 | +€4,464 | |
| Financial fixed assets | 28 | €4,290,912 | €4,290,912 | = | 0.0% |
| Current assets | 29/58 | €114,634 | €935,375 | +€820,741 | +716% |
| Amounts receivable within one year | 40/41 | €56,897 | €99,323 | +€42,426 | +74.6% |
| Trade receivables | 40 | €42,790 | €52,992 | +€10,202 | +23.8% |
| Other amounts receivable | 41 | €14,107 | €46,331 | +€32,224 | +228% |
| Current investments | 50/53 | - | €750,000 | +€750,000 | |
| Cash at bank and in hand | 54/58 | €51,693 | €81,551 | +€29,858 | +57.8% |
| Deferred charges and accrued income | 490/1 | €6,044 | €4,501 | -€1,543 | -25.5% |
| Total equity and liabilities | 10/49 | €6,677,225 | €7,551,255 | +€874,030 | +13.1% |
| Equity | 10/15 | €3,919,797 | €3,651,811 | -€267,986 | -6.8% |
| 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 | €3,749,200 | €3,457,100 | -€292,100 | -7.8% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | €42,100 | -€42,100 | -50.0% |
| Distributable reserves | 133 | €3,650,000 | €3,400,000 | -€250,000 | -6.8% |
| Profit (loss) carried forward | 14 | €20,597 | €44,711 | +€24,114 | +117% |
| Amounts payable | 17/49 | €2,757,428 | €3,899,444 | +€1.1m | +41.4% |
| Amounts payable after more than one year | 17 | €1,997,879 | €1,796,376 | -€201,503 | -10.1% |
| Financial debts | 170/4 | €1,997,879 | €1,796,376 | -€201,503 | -10.1% |
| Amounts payable within one year | 42/48 | €757,389 | €2,089,458 | +€1.3m | +176% |
| Current portion of amounts payable after more than one year | 42 | €302,678 | €204,497 | -€98,181 | -32.4% |
| Trade debts | 44 | €3,451 | €481 | -€2,970 | -86.1% |
| Suppliers | 440/4 | €3,451 | €481 | -€2,970 | -86.1% |
| Taxes, remuneration and social security | 45 | €12,283 | - | -€12,283 | |
| Taxes | 450/3 | €12,283 | - | -€12,283 | |
| Other amounts payable | 47/48 | €438,977 | €1,884,480 | +€1.4m | +329% |
| Accrued charges and deferred income | 492/3 | €2,160 | €13,610 | +€11,450 | +530% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300,802 | €80,454 | -€220,348 | -73.3% |
| Other operating charges | 640/8 | €8,269 | €19,432 | +€11,163 | +135% |
| Non-recurring operating charges | 66A | - | €408 | +€408 | |
| Gross operating margin | 9900 | €194,954 | €339,645 | +€144,691 | +74.2% |
| Operating profit (loss) | 9901 | -€114,117 | €239,351 | +€353,468 | |
| Financial income | 75/76B | €406,032 | €580,898 | +€174,866 | +43.1% |
| Recurring financial income | 75 | €406,032 | €580,898 | +€174,866 | +43.1% |
| Financial charges | 65/66B | €23,345 | €71,235 | +€47,890 | +205% |
| Recurring financial charges | 65 | €23,345 | €71,235 | +€47,890 | +205% |
| Profit (loss) for the period before taxes | 9903 | €268,570 | €749,014 | +€480,444 | +179% |
| Income taxes | 67/77 | -€452 | €17,000 | +€17,452 | |
| Profit (loss) for the period | 9904 | €269,022 | €732,014 | +€462,992 | +172% |
| Transfer from tax-exempt reserves | 789 | €136,950 | €42,100 | -€94,850 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €405,972 | €774,114 | +€368,142 | +90.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.