GESTION PARTNERS: 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.
GESTION PARTNERS
Largest movements
- Cash -€41,969
down €41,969 (-95.2%), from €44,089 to €2,120
mainly Net result for the year (-€40,432) and Investment in fixed assets (net) (-€14,477)
- Tangible fixed assets -€3,211
down €3,211 (-9.2%), from €34,940 to €31,728
of which Furniture and vehicles: -€7,967
- Deferred charges and accrued income +€2,212
up €2,212 (+75.3%), from €2,937 to €5,148
- Profit (loss) carried forward -€40,432
down €40,432, from €86 to -€40,347
- Debts after one year -€6,810
down €6,810 (-52.8%), from €12,901 to €6,092
- Trade debts +€3,867
up €3,867 (+25.6%), from €15,113 to €18,980
- Staff costs +€203,607
up €203,607 (+66.8%), from €304,623 to €508,230
- Gross operating margin +€154,336
up €154,336 (+46.0%), from €335,771 to €490,108
- Taxes -€12,264
down €12,264 (-95.7%), from €12,809 to €546
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 | €146,897 | €104,478 | -€42,418 | -28.9% |
| Fixed assets | 21/28 | €37,561 | €34,350 | -€3,211 | -8.5% |
| Tangible fixed assets | 22/27 | €34,940 | €31,728 | -€3,211 | -9.2% |
| Furniture and vehicles | 24 | €29,202 | €21,235 | -€7,967 | -27.3% |
| Other tangible fixed assets | 26 | €5,737 | €10,493 | +€4,755 | +82.9% |
| Financial fixed assets | 28 | €2,622 | €2,622 | = | 0.0% |
| Current assets | 29/58 | €109,335 | €70,128 | -€39,207 | -35.9% |
| Amounts receivable within one year | 40/41 | €62,310 | €62,860 | +€550 | +0.9% |
| Trade receivables | 40 | €19,472 | €9,994 | -€9,478 | -48.7% |
| Other amounts receivable | 41 | €42,838 | €52,866 | +€10,028 | +23.4% |
| Cash at bank and in hand | 54/58 | €44,089 | €2,120 | -€41,969 | -95.2% |
| Deferred charges and accrued income | 490/1 | €2,937 | €5,148 | +€2,212 | +75.3% |
| Total equity and liabilities | 10/49 | €146,897 | €104,478 | -€42,418 | -28.9% |
| Equity | 10/15 | €18,646 | -€21,787 | -€40,432 | |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €10,500 | €10,500 | = | 0.0% |
| Distributable reserves | 133 | €10,500 | €10,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86 | -€40,347 | -€40,432 | |
| Amounts payable | 17/49 | €128,251 | €126,265 | -€1,986 | -1.5% |
| Amounts payable after more than one year | 17 | €12,901 | €6,092 | -€6,810 | -52.8% |
| Financial debts | 170/4 | €12,901 | €6,092 | -€6,810 | -52.8% |
| Amounts payable within one year | 42/48 | €115,350 | €120,173 | +€4,824 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €7,292 | €7,561 | +€269 | +3.7% |
| Financial debts | 43 | €5,278 | €4,789 | -€489 | -9.3% |
| Credit institutions | 430/8 | €5,278 | €4,789 | -€489 | -9.3% |
| Trade debts | 44 | €15,113 | €18,980 | +€3,867 | +25.6% |
| Suppliers | 440/4 | €15,113 | €18,980 | +€3,867 | +25.6% |
| Taxes, remuneration and social security | 45 | €85,492 | €86,868 | +€1,377 | +1.6% |
| Taxes | 450/3 | €12,802 | €14,047 | +€1,245 | +9.7% |
| Remuneration and social security | 454/9 | €72,690 | €72,822 | +€131 | +0.2% |
| Other amounts payable | 47/48 | €2,175 | €1,975 | -€200 | -9.2% |
| Remuneration, social security and pensions | 62 | €304,623 | €508,230 | +€203,607 | +66.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,143 | €17,688 | +€4,545 | +34.6% |
| Other operating charges | 640/8 | €3,831 | €4,771 | +€940 | +24.5% |
| Gross operating margin | 9900 | €335,771 | €490,108 | +€154,336 | +46.0% |
| Operating profit (loss) | 9901 | €14,174 | -€40,582 | -€54,756 | |
| Financial income | 75/76B | €2,832 | €2,495 | -€337 | -11.9% |
| Recurring financial income | 75 | €2,832 | €2,495 | -€337 | -11.9% |
| Financial charges | 65/66B | €1,636 | €1,799 | +€163 | +10.0% |
| Recurring financial charges | 65 | €1,636 | €1,799 | +€163 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €15,370 | -€39,887 | -€55,257 | |
| Income taxes | 67/77 | €12,809 | €546 | -€12,264 | -95.7% |
| Profit (loss) for the period | 9904 | €2,561 | -€40,432 | -€42,993 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,561 | -€40,432 | -€42,993 |
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 12 October 2026 via checked.be.