GESTNOT 1: 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.
GESTNOT 1
Largest movements
- Current investments -€700,000
no longer reported in 2025 (was €700,000)
- Cash +€666,508
up €666,508 (+371.9%), from €179,209 to €845,717
mainly Current investments (+€700,000) and Net result for the year (+€165,918)
- Receivables within one year +€206,517
up €206,517 (+314.4%), from €65,689 to €272,207
of which Other amounts receivable: +€207,207
- Reserves +€165,918
up €165,918 (+20.3%), from €815,920 to €981,838
of which Distributable reserves: +€165,918
- Other debts -€12,728
no longer reported in 2025 (was €12,728)
- Gross operating margin -€59,462
down €59,462 (-19.7%), from €301,165 to €241,703
- Taxes -€17,159
down €17,159 (-17.9%), from €95,928 to €78,770
- Financial income +€6,816
up €6,816 (+86.3%), from €7,903 to €14,719
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 | €971,114 | €1,134,599 | +€163,484 | +16.8% |
| Fixed assets | 21/28 | €25,730 | €16,675 | -€9,055 | -35.2% |
| Tangible fixed assets | 22/27 | €25,705 | €16,650 | -€9,055 | -35.2% |
| Furniture and vehicles | 24 | €25,705 | €16,650 | -€9,055 | -35.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €945,384 | €1,117,924 | +€172,539 | +18.3% |
| Amounts receivable within one year | 40/41 | €65,689 | €272,207 | +€206,517 | +314.4% |
| Trade receivables | 40 | €20,689 | €20,000 | -€689 | -3.3% |
| Other amounts receivable | 41 | €45,000 | €252,207 | +€207,207 | +460.5% |
| Current investments | 50/53 | €700,000 | - | -€700,000 | |
| Cash at bank and in hand | 54/58 | €179,209 | €845,717 | +€666,508 | +371.9% |
| Deferred charges and accrued income | 490/1 | €486 | - | -€486 | |
| Total equity and liabilities | 10/49 | €971,114 | €1,134,599 | +€163,484 | +16.8% |
| Equity | 10/15 | €834,520 | €1,000,438 | +€165,918 | +19.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €815,920 | €981,838 | +€165,918 | +20.3% |
| 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 | €814,060 | €979,978 | +€165,918 | +20.4% |
| Amounts payable | 17/49 | €136,594 | €134,160 | -€2,434 | -1.8% |
| Amounts payable within one year | 42/48 | €136,594 | €134,160 | -€2,434 | -1.8% |
| Trade debts | 44 | €882 | €823 | -€59 | -6.7% |
| Suppliers | 440/4 | €882 | €823 | -€59 | -6.7% |
| Taxes, remuneration and social security | 45 | €122,984 | €133,338 | +€10,354 | +8.4% |
| Taxes | 450/3 | €122,984 | €133,338 | +€10,354 | +8.4% |
| Other amounts payable | 47/48 | €12,728 | - | -€12,728 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,055 | €9,055 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,293 | €1,662 | -€631 | -27.5% |
| Gross operating margin | 9900 | €301,165 | €241,703 | -€59,462 | -19.7% |
| Operating profit (loss) | 9901 | €289,817 | €230,986 | -€58,831 | -20.3% |
| Financial income | 75/76B | €7,903 | €14,719 | +€6,816 | +86.3% |
| Recurring financial income | 75 | €7,903 | €14,719 | +€6,816 | +86.3% |
| Financial charges | 65/66B | €1,960 | €1,017 | -€943 | -48.1% |
| Recurring financial charges | 65 | €1,960 | €1,017 | -€943 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | €295,760 | €244,688 | -€51,072 | -17.3% |
| Income taxes | 67/77 | €95,928 | €78,770 | -€17,159 | -17.9% |
| Profit (loss) for the period | 9904 | €199,831 | €165,918 | -€33,913 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €199,831 | €165,918 | -€33,913 | -17.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.