GESTNOT 2: 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.
GESTNOT 2
Largest movements
- Cash +€93,544
up €93,544 (+17.6%), from €531,073 to €624,617
mainly Net result for the year (+€141,187) and Other debts (+€95,886)
- Receivables within one year -€10,571
down €10,571 (-18.2%), from €58,056 to €47,486
of which Other amounts receivable: -€17,571
- Other debts +€95,886
up €95,886 (+20.7%), from €462,881 to €558,767
- Tax, wage and social debts -€13,299
down €13,299 (-22.1%), from €60,081 to €46,782
- Gross operating margin -€53,053
down €53,053 (-21.8%), from €243,753 to €190,701
- Financial charges -€17,319
down €17,319 (-94.0%), from €18,431 to €1,112
- Taxes -€7,951
down €7,951 (-15.5%), from €51,314 to €43,363
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 | €597,080 | €680,379 | +€83,299 | +14.0% |
| Fixed assets | 21/28 | €7,079 | €7,340 | +€261 | +3.7% |
| Tangible fixed assets | 22/27 | €7,029 | €7,290 | +€261 | +3.7% |
| Furniture and vehicles | 24 | €1,241 | €3,117 | +€1,876 | +151.1% |
| Other tangible fixed assets | 26 | €5,788 | €4,173 | -€1,615 | -27.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €590,001 | €673,038 | +€83,037 | +14.1% |
| Amounts receivable within one year | 40/41 | €58,056 | €47,486 | -€10,571 | -18.2% |
| Trade receivables | 40 | - | €7,000 | +€7,000 | |
| Other amounts receivable | 41 | €58,056 | €40,486 | -€17,571 | -30.3% |
| Cash at bank and in hand | 54/58 | €531,073 | €624,617 | +€93,544 | +17.6% |
| Deferred charges and accrued income | 490/1 | €871 | €935 | +€64 | +7.3% |
| Total equity and liabilities | 10/49 | €597,080 | €680,379 | +€83,299 | +14.0% |
| Equity | 10/15 | €71,978 | €72,680 | +€702 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,378 | €53,378 | = | 0.0% |
| 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 | €51,518 | €51,518 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €702 | +€702 | |
| Amounts payable | 17/49 | €525,102 | €607,699 | +€82,597 | +15.7% |
| Amounts payable within one year | 42/48 | €524,715 | €607,699 | +€82,984 | +15.8% |
| Trade debts | 44 | €1,753 | €2,151 | +€398 | +22.7% |
| Suppliers | 440/4 | €1,753 | €2,151 | +€398 | +22.7% |
| Taxes, remuneration and social security | 45 | €60,081 | €46,782 | -€13,299 | -22.1% |
| Taxes | 450/3 | €60,081 | €46,782 | -€13,299 | -22.1% |
| Other amounts payable | 47/48 | €462,881 | €558,767 | +€95,886 | +20.7% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,634 | €2,799 | +€165 | +6.3% |
| Other operating charges | 640/8 | €1,639 | €2,240 | +€600 | +36.6% |
| Gross operating margin | 9900 | €243,753 | €190,701 | -€53,053 | -21.8% |
| Operating profit (loss) | 9901 | €239,480 | €185,662 | -€53,818 | -22.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €18,431 | €1,112 | -€17,319 | -94.0% |
| Recurring financial charges | 65 | €18,431 | €1,112 | -€17,319 | -94.0% |
| Profit (loss) for the period before taxes | 9903 | €221,049 | €184,550 | -€36,499 | -16.5% |
| Income taxes | 67/77 | €51,314 | €43,363 | -€7,951 | -15.5% |
| Profit (loss) for the period | 9904 | €169,735 | €141,187 | -€28,548 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €169,735 | €141,187 | -€28,548 | -16.8% |
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 1 October 2026 via checked.be.