GESTIT: 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.
GESTIT
Largest movements
- Receivables within one year -€29,092
down €29,092 (-37.2%), from €78,222 to €49,130
of which Other amounts receivable: -€15,589
- Cash -€14,364
down €14,364 (-12.3%), from €116,753 to €102,389
mainly Contributions, distributions and other (-€55,918) and Accrued charges and deferred income (-€12,339)
- Tangible fixed assets -€7,825
down €7,825 (-2.7%), from €285,833 to €278,007
of which Land and buildings: -€7,910
- Reserves -€36,571
down €36,571 (-21.3%), from €171,468 to €134,898
of which Distributable reserves: -€36,571
- Accrued charges and deferred income -€12,339
down €12,339 (-100.0%), from €12,339 to €0
- Other debts +€12,196
up €12,196 (+20.1%), from €60,676 to €72,871
- Debts after one year -€11,961
down €11,961 (-7.8%), from €152,814 to €140,854
- Gross operating margin +€17,323
up €17,323 (+71.7%), from €24,146 to €41,470
- Depreciation +€10,054
up €10,054 (+1798.4%), from €559 to €10,613
- Financial income -€3,084
down €3,084 (-63.2%), from €4,879 to €1,795
- Financial charges +€1,101
up €1,101 (+144.8%), from €760 to €1,861
- Taxes +€605
up €605 (+8.1%), from €7,435 to €8,039
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 | €481,913 | €430,945 | -€50,967 | -10.6% |
| Fixed assets | 21/28 | €286,584 | €278,007 | -€8,577 | -3.0% |
| Tangible fixed assets | 22/27 | €285,833 | €278,007 | -€7,825 | -2.7% |
| Land and buildings | 22 | €281,067 | €273,157 | -€7,910 | -2.8% |
| Plant, machinery and equipment | 23 | €3,676 | €1,677 | -€1,998 | -54.4% |
| Furniture and vehicles | 24 | €1,090 | €3,172 | +€2,083 | +191.2% |
| Financial fixed assets | 28 | €751 | €0 | -€751 | -100.0% |
| Current assets | 29/58 | €195,329 | €152,938 | -€42,391 | -21.7% |
| Amounts receivable within one year | 40/41 | €78,222 | €49,130 | -€29,092 | -37.2% |
| Trade receivables | 40 | €35,672 | €22,169 | -€13,503 | -37.9% |
| Other amounts receivable | 41 | €42,550 | €26,961 | -€15,589 | -36.6% |
| Cash at bank and in hand | 54/58 | €116,753 | €102,389 | -€14,364 | -12.3% |
| Deferred charges and accrued income | 490/1 | €354 | €1,420 | +€1,066 | +301.2% |
| Total equity and liabilities | 10/49 | €481,913 | €430,945 | -€50,967 | -10.6% |
| Equity | 10/15 | €235,546 | €198,976 | -€36,571 | -15.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €171,468 | €134,898 | -€36,571 | -21.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €169,608 | €133,038 | -€36,571 | -21.6% |
| Profit (loss) carried forward | 14 | €57,878 | €57,878 | = | 0.0% |
| Amounts payable | 17/49 | €246,366 | €231,970 | -€14,397 | -5.8% |
| Amounts payable after more than one year | 17 | €152,814 | €140,854 | -€11,961 | -7.8% |
| Financial debts | 170/4 | €152,814 | €140,854 | -€11,961 | -7.8% |
| Amounts payable within one year | 42/48 | €81,213 | €91,116 | +€9,903 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €11,887 | €11,961 | +€74 | +0.6% |
| Trade debts | 44 | €2,771 | €360 | -€2,411 | -87.0% |
| Suppliers | 440/4 | €2,771 | €360 | -€2,411 | -87.0% |
| Taxes, remuneration and social security | 45 | €5,879 | €5,924 | +€45 | +0.8% |
| Taxes | 450/3 | €5,879 | €5,924 | +€45 | +0.8% |
| Other amounts payable | 47/48 | €60,676 | €72,871 | +€12,196 | +20.1% |
| Accrued charges and deferred income | 492/3 | €12,339 | €0 | -€12,339 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €559 | €10,613 | +€10,054 | +1798.4% |
| Other operating charges | 640/8 | €2,287 | €2,544 | +€257 | +11.2% |
| Non-recurring operating charges | 66A | - | €860 | +€860 | |
| Gross operating margin | 9900 | €24,146 | €41,470 | +€17,323 | +71.7% |
| Operating profit (loss) | 9901 | €21,300 | €27,453 | +€6,152 | +28.9% |
| Financial income | 75/76B | €4,879 | €1,795 | -€3,084 | -63.2% |
| Recurring financial income | 75 | €4,879 | €1,795 | -€3,084 | -63.2% |
| Financial charges | 65/66B | €760 | €1,861 | +€1,101 | +144.8% |
| Recurring financial charges | 65 | €760 | €1,861 | +€1,101 | +144.8% |
| Profit (loss) for the period before taxes | 9903 | €25,419 | €27,387 | +€1,968 | +7.7% |
| Income taxes | 67/77 | €7,435 | €8,039 | +€605 | +8.1% |
| Profit (loss) for the period | 9904 | €17,985 | €19,348 | +€1,363 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,985 | €19,348 | +€1,363 | +7.6% |
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 8 October 2026 via checked.be.