GESTION & SERVICES: 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 & SERVICES
Largest movements
- Tangible fixed assets +€372,746
up €372,746 (+753.8%), from €49,446 to €422,192
of which Land and buildings: +€363,746
- Cash -€273,807
down €273,807 (-86.1%), from €317,882 to €44,075
mainly Investment in fixed assets (net) (-€381,977) and Receivables within one year (-€23,220)
- Receivables within one year +€23,220
up €23,220 (+210.9%), from €11,012 to €34,232
of which Other amounts receivable: +€23,220
- Debts after one year +€125,941
up €125,941 (+43681.1%), from €288 to €126,230
of which Financial debts: +€126,230
- Gross operating margin -€13,321
down €13,321 (-61.0%), from €21,826 to €8,505
- Taxes -€2,168
down €2,168 (-99.8%), from €2,174 to €5
- Depreciation -€1,020
down €1,020 (-10.0%), from €10,251 to €9,231
- Financial charges +€578
up €578 (+781.0%), from €74 to €652
- Financial income +€320
up €320 (+12.9%), from €2,472 to €2,792
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €379,486 | €503,069 | +€123,582 | +32.6% |
| Fixed assets | 21/28 | €49,446 | €422,192 | +€372,746 | +753.8% |
| Tangible fixed assets | 22/27 | €49,446 | €422,192 | +€372,746 | +753.8% |
| Land and buildings | 22 | €49,446 | €413,192 | +€363,746 | +735.6% |
| Assets under construction and advance payments | 27 | - | €9,000 | +€9,000 | |
| Current assets | 29/58 | €330,040 | €80,877 | -€249,163 | -75.5% |
| Amounts receivable within one year | 40/41 | €11,012 | €34,232 | +€23,220 | +210.9% |
| Trade receivables | 40 | €1,123 | €1,123 | = | 0.0% |
| Other amounts receivable | 41 | €9,889 | €33,109 | +€23,220 | +234.8% |
| Cash at bank and in hand | 54/58 | €317,882 | €44,075 | -€273,807 | -86.1% |
| Deferred charges and accrued income | 490/1 | €1,147 | €2,570 | +€1,423 | +124.1% |
| Total equity and liabilities | 10/49 | €379,486 | €503,069 | +€123,582 | +32.6% |
| Equity | 10/15 | €350,593 | €348,465 | -€2,128 | -0.6% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €87,090 | €86,984 | -€106 | -0.1% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €64,110 | €64,004 | -€106 | -0.2% |
| Distributable reserves | 133 | €16,480 | €16,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | €198,502 | €196,481 | -€2,021 | -1.0% |
| Provisions and deferred taxes | 16 | €21,370 | €21,335 | -€35 | -0.2% |
| Deferred taxes | 168 | €21,370 | €21,335 | -€35 | -0.2% |
| Amounts payable | 17/49 | €7,523 | €133,269 | +€125,746 | +1671.4% |
| Amounts payable after more than one year | 17 | €288 | €126,230 | +€125,941 | +43681.1% |
| Financial debts | 170/4 | - | €126,230 | +€126,230 | |
| Other amounts payable | 178/9 | €288 | - | -€288 | |
| Amounts payable within one year | 42/48 | €7,235 | €6,139 | -€1,096 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | - | €3,770 | +€3,770 | |
| Trade debts | 44 | €2,975 | €455 | -€2,521 | -84.7% |
| Suppliers | 440/4 | €2,975 | €455 | -€2,521 | -84.7% |
| Taxes, remuneration and social security | 45 | €2,346 | - | -€2,346 | |
| Taxes | 450/3 | €2,346 | - | -€2,346 | |
| Other amounts payable | 47/48 | €1,914 | €1,914 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €900 | +€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,251 | €9,231 | -€1,020 | -10.0% |
| Other operating charges | 640/8 | €3,319 | €3,572 | +€253 | +7.6% |
| Gross operating margin | 9900 | €21,826 | €8,505 | -€13,321 | -61.0% |
| Operating profit (loss) | 9901 | €8,256 | -€4,297 | -€12,553 | |
| Financial income | 75/76B | €2,472 | €2,792 | +€320 | +12.9% |
| Recurring financial income | 75 | €2,472 | €2,792 | +€320 | +12.9% |
| Financial charges | 65/66B | €74 | €652 | +€578 | +781.0% |
| Recurring financial charges | 65 | €74 | €652 | +€578 | +781.0% |
| Profit (loss) for the period before taxes | 9903 | €10,654 | -€2,158 | -€12,812 | |
| Transfer from deferred taxes | 780 | - | €35 | +€35 | |
| Income taxes | 67/77 | €2,174 | €5 | -€2,168 | -99.8% |
| Profit (loss) for the period | 9904 | €8,480 | -€2,128 | -€10,608 | |
| Transfer from tax-exempt reserves | 789 | - | €106 | +€106 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,480 | -€2,021 | -€10,501 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.