GESTMOUNT: 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.
GESTMOUNT
Largest movements
- Stocks and contracts +€60,499
up €60,499 (+14.7%), from €412,636 to €473,135
- Cash +€38,749
up €38,749 (+1877.8%), from €2,064 to €40,813
mainly Net result for the year (+€73,535) and Depreciation (+€17,166)
- Tangible fixed assets -€17,166
down €17,166 (-51.2%), from €33,498 to €16,332
- Receivables within one year +€8,317
up €8,317 (+21.0%), from €39,683 to €48,000
- Profit (loss) carried forward +€107,395
no longer reported in 2025 (was -€107,395)
- Reserves -€33,860
down €33,860 (-7.6%), from €445,981 to €412,121
of which Distributable reserves: -€33,860
- Other debts +€10,194
up €10,194 (+37.8%), from €26,962 to €37,156
- Tax, wage and social debts +€7,381
up €7,381 (+31.5%), from €23,394 to €30,775
of which Taxes: +€6,000
- Taxes +€26,022
up €26,022 (+234.9%), from €11,078 to €37,100
- Staff costs +€10,745
new in 2025: €10,745
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 | €490,069 | €580,384 | +€90,316 | +18.4% |
| Fixed assets | 21/28 | €33,498 | €16,332 | -€17,166 | -51.2% |
| Tangible fixed assets | 22/27 | €33,498 | €16,332 | -€17,166 | -51.2% |
| Furniture and vehicles | 24 | €33,498 | €16,332 | -€17,166 | -51.2% |
| Current assets | 29/58 | €456,570 | €564,052 | +€107,482 | +23.5% |
| Stocks and contracts in progress | 3 | €412,636 | €473,135 | +€60,499 | +14.7% |
| Stocks | 30/36 | €412,636 | €473,135 | +€60,499 | +14.7% |
| Amounts receivable within one year | 40/41 | €39,683 | €48,000 | +€8,317 | +21.0% |
| Trade receivables | 40 | €39,683 | €48,000 | +€8,317 | +21.0% |
| Cash at bank and in hand | 54/58 | €2,064 | €40,813 | +€38,749 | +1877.8% |
| Deferred charges and accrued income | 490/1 | €2,189 | €2,104 | -€84 | -3.9% |
| Total equity and liabilities | 10/49 | €490,069 | €580,384 | +€90,316 | +18.4% |
| Equity | 10/15 | €435,910 | €509,446 | +€73,535 | +16.9% |
| Contributions | 10/11 | €97,325 | €97,325 | = | 0.0% |
| Capital | 10 | €97,325 | €97,325 | = | 0.0% |
| Issued capital | 100 | €97,325 | €97,325 | = | 0.0% |
| Reserves | 13 | €445,981 | €412,121 | -€33,860 | -7.6% |
| Non-distributable reserves | 130/1 | €9,732 | €9,732 | = | 0.0% |
| Legal reserve | 130 | €9,732 | €9,732 | = | 0.0% |
| Distributable reserves | 133 | €436,248 | €402,388 | -€33,860 | -7.8% |
| Profit (loss) carried forward | 14 | -€107,395 | - | +€107,395 | |
| Amounts payable | 17/49 | €54,158 | €70,939 | +€16,780 | +31.0% |
| Amounts payable within one year | 42/48 | €54,158 | €70,939 | +€16,780 | +31.0% |
| Trade debts | 44 | €3,802 | €3,007 | -€795 | -20.9% |
| Suppliers | 440/4 | €3,802 | €3,007 | -€795 | -20.9% |
| Taxes, remuneration and social security | 45 | €23,394 | €30,775 | +€7,381 | +31.5% |
| Taxes | 450/3 | €23,394 | €29,394 | +€6,000 | +25.6% |
| Remuneration and social security | 454/9 | - | €1,381 | +€1,381 | |
| Other amounts payable | 47/48 | €26,962 | €37,156 | +€10,194 | +37.8% |
| Remuneration, social security and pensions | 62 | - | €10,745 | +€10,745 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,166 | €17,166 | = | 0.0% |
| Other operating charges | 640/8 | €851 | €1,792 | +€941 | +110.6% |
| Gross operating margin | 9900 | €140,098 | €140,682 | +€584 | +0.4% |
| Operating profit (loss) | 9901 | €122,082 | €110,980 | -€11,102 | -9.1% |
| Financial income | 75/76B | €1,259 | €46 | -€1,213 | -96.3% |
| Recurring financial income | 75 | €1,259 | €46 | -€1,213 | -96.3% |
| Financial charges | 65/66B | €221 | €391 | +€170 | +76.6% |
| Recurring financial charges | 65 | €221 | €391 | +€170 | +76.6% |
| Profit (loss) for the period before taxes | 9903 | €123,119 | €110,635 | -€12,484 | -10.1% |
| Income taxes | 67/77 | €11,078 | €37,100 | +€26,022 | +234.9% |
| Profit (loss) for the period | 9904 | €112,042 | €73,535 | -€38,506 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €112,042 | €73,535 | -€38,506 | -34.4% |
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.