GESTION PLUS: 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.
GESTION PLUS
Largest movements
- Cash -€31,851
down €31,851 (-22.9%), from €139,062 to €107,211
mainly Contributions, distributions and other (-€95,000) and Receivables within one year (-€8,702)
- Receivables within one year +€8,702
up €8,702 (+239.9%), from €3,627 to €12,329
of which Trade receivables: +€8,787
- Tangible fixed assets -€6,673
down €6,673 (-23.0%), from €28,975 to €22,302
- Reserves -€50,000
down €50,000 (-77.4%), from €64,600 to €14,600
of which Distributable reserves: -€50,000
- Other debts +€15,384
up €15,384 (+20.5%), from €75,105 to €90,489
- Trade debts +€6,304
new in 2025: €6,304
- Tax, wage and social debts -€3,059
down €3,059 (-31.5%), from €9,707 to €6,648
- Gross operating margin -€14,058
down €14,058 (-17.1%), from €82,266 to €68,208
- Depreciation +€3,985
up €3,985 (+148.3%), from €2,688 to €6,673
- Taxes -€3,328
down €3,328 (-18.8%), from €17,666 to €14,338
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 | €171,664 | €141,842 | -€29,822 | -17.4% |
| Fixed assets | 21/28 | €28,975 | €22,302 | -€6,673 | -23.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €28,975 | €22,302 | -€6,673 | -23.0% |
| Furniture and vehicles | 24 | €28,975 | €22,302 | -€6,673 | -23.0% |
| Current assets | 29/58 | €142,689 | €119,540 | -€23,149 | -16.2% |
| Amounts receivable within one year | 40/41 | €3,627 | €12,329 | +€8,702 | +239.9% |
| Trade receivables | 40 | €3,542 | €12,329 | +€8,787 | +248.1% |
| Other amounts receivable | 41 | €85 | - | -€85 | |
| Cash at bank and in hand | 54/58 | €139,062 | €107,211 | -€31,851 | -22.9% |
| Total equity and liabilities | 10/49 | €171,664 | €141,842 | -€29,822 | -17.4% |
| Equity | 10/15 | €86,852 | €38,401 | -€48,451 | -55.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,600 | €14,600 | -€50,000 | -77.4% |
| Non-distributable reserves | 130/1 | €14,600 | €14,600 | = | 0.0% |
| Legal reserve | 130 | €14,600 | €14,600 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €0 | -€50,000 | -100.0% |
| Profit (loss) carried forward | 14 | €3,652 | €5,201 | +€1,549 | +42.4% |
| Amounts payable | 17/49 | €84,812 | €103,441 | +€18,629 | +22.0% |
| Amounts payable within one year | 42/48 | €84,812 | €103,441 | +€18,629 | +22.0% |
| Trade debts | 44 | - | €6,304 | +€6,304 | |
| Suppliers | 440/4 | - | €6,304 | +€6,304 | |
| Taxes, remuneration and social security | 45 | €9,707 | €6,648 | -€3,059 | -31.5% |
| Taxes | 450/3 | €9,707 | €6,648 | -€3,059 | -31.5% |
| Other amounts payable | 47/48 | €75,105 | €90,489 | +€15,384 | +20.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€286 | - | +€286 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,688 | €6,673 | +€3,985 | +148.3% |
| Other operating charges | 640/8 | €764 | €651 | -€113 | -14.8% |
| Gross operating margin | 9900 | €82,266 | €68,208 | -€14,058 | -17.1% |
| Operating profit (loss) | 9901 | €79,100 | €60,884 | -€18,216 | -23.0% |
| Financial income | 75/76B | €677 | €3 | -€674 | -99.6% |
| Recurring financial income | 75 | €677 | €3 | -€674 | -99.6% |
| Financial charges | 65/66B | €27 | - | -€27 | |
| Recurring financial charges | 65 | €27 | - | -€27 | |
| Profit (loss) for the period before taxes | 9903 | €79,750 | €60,887 | -€18,863 | -23.7% |
| Income taxes | 67/77 | €17,666 | €14,338 | -€3,328 | -18.8% |
| Profit (loss) for the period | 9904 | €62,084 | €46,549 | -€15,535 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,084 | €46,549 | -€15,535 | -25.0% |
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 29 September 2026 via checked.be.