GESTOL: 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.
GESTOL
Largest movements
- Receivables within one year -€48,936
down €48,936 (-50.7%), from €96,612 to €47,676
of which Trade receivables: -€47,690
- Cash +€4,287
new in 2024: €4,287
mainly Receivables within one year (+€48,936) and Net result for the year (+€9,902)
- Intangible fixed assets -€2,000
down €2,000 (-52.0%), from €3,850 to €1,850
- Deferred charges and accrued income +€1,303
up €1,303, from €0 to €1,303
- Trade debts -€20,363
down €20,363 (-43.7%), from €46,621 to €26,258
- Debts after one year -€17,601
down €17,601 (-100.0%), from €17,601 to €0
- Short-term financial debts -€14,959
down €14,959 (-100.0%), from €14,959 to €0
- Reserves +€9,902
up €9,902 (+105.5%), from €9,384 to €19,285
- Tax, wage and social debts -€2,632
down €2,632 (-23.4%), from €11,246 to €8,614
- Other operating charges +€7,939
up €7,939 (+233.6%), from €3,398 to €11,337
- Gross operating margin +€7,913
up €7,913 (+39.7%), from €19,929 to €27,842
- Financial charges -€1,953
down €1,953 (-39.5%), from €4,943 to €2,990
- Financial income +€734
up €734 (+120.8%), from €608 to €1,341
- Taxes +€352
up €352 (+13.5%), from €2,603 to €2,954
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,104 | €76,758 | -€45,346 | -37.1% |
| Fixed assets | 21/28 | €3,850 | €1,850 | -€2,000 | -52.0% |
| Intangible fixed assets | 21 | €3,850 | €1,850 | -€2,000 | -52.0% |
| Current assets | 29/58 | €118,255 | €74,909 | -€43,346 | -36.7% |
| Stocks and contracts in progress | 3 | €21,642 | €21,642 | = | 0.0% |
| Stocks | 30/36 | €21,642 | €21,642 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €96,612 | €47,676 | -€48,936 | -50.7% |
| Trade receivables | 40 | €72,389 | €24,700 | -€47,690 | -65.9% |
| Other amounts receivable | 41 | €24,223 | €22,976 | -€1,246 | -5.1% |
| Cash at bank and in hand | 54/58 | - | €4,287 | +€4,287 | |
| Deferred charges and accrued income | 490/1 | €0 | €1,303 | +€1,303 | |
| Total equity and liabilities | 10/49 | €122,104 | €76,758 | -€45,346 | -37.1% |
| Equity | 10/15 | €14,384 | €24,285 | +€9,902 | +68.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,384 | €19,285 | +€9,902 | +105.5% |
| Distributable reserves | 133 | €9,384 | €19,285 | +€9,902 | +105.5% |
| Amounts payable | 17/49 | €107,721 | €52,473 | -€55,248 | -51.3% |
| Amounts payable after more than one year | 17 | €17,601 | €0 | -€17,601 | -100.0% |
| Financial debts | 170/4 | €17,601 | €0 | -€17,601 | -100.0% |
| Amounts payable within one year | 42/48 | €90,119 | €52,473 | -€37,646 | -41.8% |
| Current portion of amounts payable after more than one year | 42 | €17,294 | €17,601 | +€307 | +1.8% |
| Financial debts | 43 | €14,959 | €0 | -€14,959 | -100.0% |
| Credit institutions | 430/8 | €14,959 | €0 | -€14,959 | -100.0% |
| Trade debts | 44 | €46,621 | €26,258 | -€20,363 | -43.7% |
| Suppliers | 440/4 | €46,621 | €26,258 | -€20,363 | -43.7% |
| Taxes, remuneration and social security | 45 | €11,246 | €8,614 | -€2,632 | -23.4% |
| Taxes | 450/3 | €11,246 | €8,614 | -€2,632 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €2,000 | = | 0.0% |
| Other operating charges | 640/8 | €3,398 | €11,337 | +€7,939 | +233.6% |
| Gross operating margin | 9900 | €19,929 | €27,842 | +€7,913 | +39.7% |
| Operating profit (loss) | 9901 | €14,531 | €14,505 | -€26 | -0.2% |
| Financial income | 75/76B | €608 | €1,341 | +€734 | +120.8% |
| Recurring financial income | 75 | €608 | €1,341 | +€734 | +120.8% |
| Financial charges | 65/66B | €4,943 | €2,990 | -€1,953 | -39.5% |
| Recurring financial charges | 65 | €4,943 | €2,990 | -€1,953 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €10,196 | €12,856 | +€2,660 | +26.1% |
| Income taxes | 67/77 | €2,603 | €2,954 | +€352 | +13.5% |
| Profit (loss) for the period | 9904 | €7,593 | €9,902 | +€2,308 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,593 | €9,902 | +€2,308 | +30.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.