GESTOF: 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.
GESTOF
Largest movements
- Tangible fixed assets -€3,748
down €3,748 (-8.6%), from €43,676 to €39,928
of which Plant, machinery and equipment: -€3,605
- Profit (loss) carried forward -€5,233
down €5,233 (-4.1%), from -€127,807 to -€133,040
- Tax, wage and social debts +€892
up €892 (+41.6%), from €2,147 to €3,039
of which Taxes: +€892
- Other debts +€666
up €666 (+0.4%), from €154,124 to €154,790
- Trade debts +€481
up €481 (+64.0%), from €752 to €1,233
- Gross operating margin +€18,627
up €18,627, from -€16,559 to €2,068
- Depreciation +€657
up €657 (+11.4%), from €5,753 to €6,410
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.
Derived cash bridge
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 | €45,476 | €42,282 | -€3,193 | -7.0% |
| Fixed assets | 21/28 | €43,676 | €39,928 | -€3,748 | -8.6% |
| Tangible fixed assets | 22/27 | €43,676 | €39,928 | -€3,748 | -8.6% |
| Plant, machinery and equipment | 23 | €32,913 | €29,308 | -€3,605 | -11.0% |
| Other tangible fixed assets | 26 | €10,763 | €10,620 | -€143 | -1.3% |
| Current assets | 29/58 | €1,799 | €2,354 | +€555 | +30.8% |
| Amounts receivable within one year | 40/41 | - | €226 | +€226 | |
| Trade receivables | 40 | - | €226 | +€226 | |
| Cash at bank and in hand | 54/58 | €1,799 | €2,050 | +€250 | +13.9% |
| Deferred charges and accrued income | 490/1 | - | €79 | +€79 | |
| Total equity and liabilities | 10/49 | €45,476 | €42,282 | -€3,193 | -7.0% |
| Equity | 10/15 | -€113,547 | -€118,780 | -€5,233 | -4.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,807 | -€133,040 | -€5,233 | -4.1% |
| Amounts payable | 17/49 | €159,023 | €161,062 | +€2,039 | +1.3% |
| Amounts payable within one year | 42/48 | €159,023 | €161,062 | +€2,039 | +1.3% |
| Trade debts | 44 | €752 | €1,233 | +€481 | +64.0% |
| Suppliers | 440/4 | €752 | €1,233 | +€481 | +64.0% |
| Advances received on contracts in progress | 46 | €2,000 | €2,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,147 | €3,039 | +€892 | +41.6% |
| Taxes | 450/3 | €1,018 | €1,910 | +€892 | +87.7% |
| Remuneration and social security | 454/9 | €1,129 | €1,129 | = | 0.0% |
| Other amounts payable | 47/48 | €154,124 | €154,790 | +€666 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,753 | €6,410 | +€657 | +11.4% |
| Other operating charges | 640/8 | €610 | €625 | +€16 | +2.6% |
| Gross operating margin | 9900 | -€16,559 | €2,068 | +€18,627 | |
| Operating profit (loss) | 9901 | -€22,922 | -€4,967 | +€17,955 | +78.3% |
| Financial income | 75/76B | €38 | €2 | -€36 | -93.9% |
| Recurring financial income | 75 | €38 | €2 | -€36 | -93.9% |
| Financial charges | 65/66B | €216 | €268 | +€52 | +24.0% |
| Recurring financial charges | 65 | €216 | €268 | +€52 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,100 | -€5,233 | +€17,867 | +77.3% |
| Profit (loss) for the period | 9904 | -€23,100 | -€5,233 | +€17,867 | +77.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,100 | -€5,233 | +€17,867 | +77.3% |
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 27 October 2026 via checked.be.