GESTIONE NUOVA: what changed
GESTIONE NUOVA
Largest movements
- Cash -€13,296
down €13,296 (-47.0%), from €28,278 to €14,982
mainly Other debts (-€39,204) and Investment in fixed assets (net) (-€19,862)
- Receivables within one year +€5,201
up €5,201 (+77.5%), from €6,716 to €11,917
of which Trade receivables: +€4,670
- Other debts -€39,204
down €39,204 (-53.4%), from €73,380 to €34,177
- Profit (loss) carried forward +€22,644
new in 2025: €22,644
- Reserves +€20,000
up €20,000 (+18.4%), from €108,578 to €128,578
- Debts after one year -€7,508
down €7,508 (-48.9%), from €15,353 to €7,844
- Tax, wage and social debts -€3,763
down €3,763 (-15.9%), from €23,617 to €19,854
of which Remuneration and social security: -€3,005
- Other operating charges -€15,454
down €15,454 (-77.3%), from €20,005 to €4,550
- Gross operating margin +€6,579
up €6,579 (+4.5%), from €144,670 to €151,249
- Depreciation +€6,230
up €6,230 (+42.8%), from €14,552 to €20,782
- Taxes +€5,009
up €5,009 (+40.5%), from €12,359 to €17,367
- Financial charges -€4,521
down €4,521 (-57.9%), from €7,813 to €3,292
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €252,268 | €244,882 | -€7,386 | -2.9% |
| Fixed assets | 21/28 | €216,975 | €216,055 | -€920 | -0.4% |
| Tangible fixed assets | 22/27 | €216,800 | €215,880 | -€920 | -0.4% |
| Land and buildings | 22 | €160,997 | €157,411 | -€3,586 | -2.2% |
| Plant, machinery and equipment | 23 | €46,434 | €51,755 | +€5,321 | +11.5% |
| Furniture and vehicles | 24 | €9,369 | €6,715 | -€2,655 | -28.3% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €35,293 | €28,826 | -€6,467 | -18.3% |
| Amounts receivable within one year | 40/41 | €6,716 | €11,917 | +€5,201 | +77.5% |
| Trade receivables | 40 | €4,204 | €8,874 | +€4,670 | +111% |
| Other amounts receivable | 41 | €2,511 | €3,043 | +€532 | +21.2% |
| Cash at bank and in hand | 54/58 | €28,278 | €14,982 | -€13,296 | -47.0% |
| Deferred charges and accrued income | 490/1 | €299 | €1,928 | +€1,628 | +544% |
| Total equity and liabilities | 10/49 | €252,268 | €244,882 | -€7,386 | -2.9% |
| Equity | 10/15 | €127,178 | €169,823 | +€42,644 | +33.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,578 | €128,578 | +€20,000 | +18.4% |
| Distributable reserves | 133 | €108,578 | €128,578 | +€20,000 | +18.4% |
| Profit (loss) carried forward | 14 | - | €22,644 | +€22,644 | |
| Amounts payable | 17/49 | €125,090 | €75,059 | -€50,031 | -40.0% |
| Amounts payable after more than one year | 17 | €15,353 | €7,844 | -€7,508 | -48.9% |
| Financial debts | 170/4 | €15,353 | €7,844 | -€7,508 | -48.9% |
| Amounts payable within one year | 42/48 | €109,737 | €67,212 | -€42,526 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €7,186 | €7,508 | +€322 | +4.5% |
| Trade debts | 44 | €5,554 | €5,672 | +€118 | +2.1% |
| Suppliers | 440/4 | €5,554 | €5,672 | +€118 | +2.1% |
| Taxes, remuneration and social security | 45 | €23,617 | €19,854 | -€3,763 | -15.9% |
| Taxes | 450/3 | €13,207 | €12,449 | -€758 | -5.7% |
| Remuneration and social security | 454/9 | €10,410 | €7,405 | -€3,005 | -28.9% |
| Other amounts payable | 47/48 | €73,380 | €34,177 | -€39,204 | -53.4% |
| Accrued charges and deferred income | 492/3 | - | €3 | +€3 | |
| Remuneration, social security and pensions | 62 | €60,465 | €63,469 | +€3,003 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,552 | €20,782 | +€6,230 | +42.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€150 | -€850 | -€701 | -468% |
| Other operating charges | 640/8 | €20,005 | €4,550 | -€15,454 | -77.3% |
| Gross operating margin | 9900 | €144,670 | €151,249 | +€6,579 | +4.5% |
| Operating profit (loss) | 9901 | €49,799 | €63,299 | +€13,500 | +27.1% |
| Financial income | 75/76B | €234 | €5 | -€229 | -97.8% |
| Recurring financial income | 75 | €234 | €5 | -€229 | -97.8% |
| Financial charges | 65/66B | €7,813 | €3,292 | -€4,521 | -57.9% |
| Recurring financial charges | 65 | €7,813 | €3,292 | -€4,521 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €42,219 | €60,012 | +€17,792 | +42.1% |
| Income taxes | 67/77 | €12,359 | €17,367 | +€5,009 | +40.5% |
| Profit (loss) for the period | 9904 | €29,860 | €42,644 | +€12,784 | +42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,860 | €42,644 | +€12,784 | +42.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.