GESTOR & ASSOCIATES: 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.
GESTOR & ASSOCIATES
Largest movements
- Intangible fixed assets -€45,000
down €45,000 (-54.6%), from €82,377 to €37,377
- Cash -€14,420
down €14,420 (-5.9%), from €243,557 to €229,137
mainly Current portion of long-term debt (-€45,205) and Tax, wage and social debts (-€31,882)
- Tangible fixed assets -€11,938
down €11,938 (-98.0%), from €12,187 to €248
of which Furniture and vehicles: -€11,221
- Receivables within one year -€10,493
down €10,493 (-11.1%), from €94,283 to €83,790
of which Other amounts receivable: -€20,197
- Current portion of long-term debt -€45,205
down €45,205 (-92.2%), from €49,006 to €3,802
- Tax, wage and social debts -€31,882
down €31,882 (-59.1%), from €53,916 to €22,034
of which Remuneration and social security: -€17,880
- Trade debts -€11,915
down €11,915 (-89.0%), from €13,394 to €1,479
- Profit (loss) carried forward +€10,156
up €10,156 (+5.6%), from €180,185 to €190,342
- Turnover +€281,242
new in 2025: €281,242
- Purchases and services +€98,231
new in 2025: €98,231
- Gross operating margin -€19,861
down €19,861 (-9.5%), from €208,871 to €189,010
- Staff costs +€7,603
up €7,603 (+6.7%), from €113,033 to €120,636
- Taxes -€6,885
down €6,885 (-55.5%), from €12,401 to €5,517
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 | €433,369 | €351,877 | -€81,492 | -18.8% |
| Fixed assets | 21/28 | €94,564 | €37,625 | -€56,938 | -60.2% |
| Intangible fixed assets | 21 | €82,377 | €37,377 | -€45,000 | -54.6% |
| Tangible fixed assets | 22/27 | €12,187 | €248 | -€11,938 | -98.0% |
| Plant, machinery and equipment | 23 | €718 | €0 | -€718 | -100.0% |
| Furniture and vehicles | 24 | €11,469 | €248 | -€11,221 | -97.8% |
| Current assets | 29/58 | €338,805 | €314,252 | -€24,553 | -7.2% |
| Amounts receivable within one year | 40/41 | €94,283 | €83,790 | -€10,493 | -11.1% |
| Trade receivables | 40 | €44,184 | €53,888 | +€9,704 | +22.0% |
| Other amounts receivable | 41 | €50,099 | €29,902 | -€20,197 | -40.3% |
| Cash at bank and in hand | 54/58 | €243,557 | €229,137 | -€14,420 | -5.9% |
| Deferred charges and accrued income | 490/1 | €966 | €1,325 | +€359 | +37.2% |
| Total equity and liabilities | 10/49 | €433,369 | €351,877 | -€81,492 | -18.8% |
| Equity | 10/15 | €213,685 | €223,842 | +€10,156 | +4.8% |
| Contributions | 10/11 | €33,500 | €33,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,185 | €190,342 | +€10,156 | +5.6% |
| Amounts payable | 17/49 | €219,683 | €128,035 | -€91,648 | -41.7% |
| Amounts payable after more than one year | 17 | €77,167 | €77,167 | = | 0.0% |
| Financial debts | 170/4 | €77,167 | €77,167 | = | 0.0% |
| Amounts payable within one year | 42/48 | €142,516 | €50,868 | -€91,648 | -64.3% |
| Current portion of amounts payable after more than one year | 42 | €49,006 | €3,802 | -€45,205 | -92.2% |
| Trade debts | 44 | €13,394 | €1,479 | -€11,915 | -89.0% |
| Suppliers | 440/4 | €13,394 | €1,479 | -€11,915 | -89.0% |
| Taxes, remuneration and social security | 45 | €53,916 | €22,034 | -€31,882 | -59.1% |
| Taxes | 450/3 | €28,526 | €14,524 | -€14,002 | -49.1% |
| Remuneration and social security | 454/9 | €25,390 | €7,510 | -€17,880 | -70.4% |
| Other amounts payable | 47/48 | €26,200 | €23,553 | -€2,646 | -10.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | - | €281,242 | +€281,242 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €98,231 | +€98,231 | |
| Remuneration, social security and pensions | 62 | €113,033 | €120,636 | +€7,603 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,408 | €52,704 | +€2,296 | +4.6% |
| Other operating charges | 640/8 | - | €0 | = | |
| Gross operating margin | 9900 | €208,871 | €189,010 | -€19,861 | -9.5% |
| Operating profit (loss) | 9901 | €45,430 | €15,670 | -€29,760 | -65.5% |
| Financial income | 75/76B | €199 | €2,191 | +€1,992 | +1001.2% |
| Recurring financial income | 75 | €199 | €2,191 | +€1,992 | +1001.2% |
| Financial charges | 65/66B | €2,742 | €2,188 | -€554 | -20.2% |
| Recurring financial charges | 65 | €2,742 | €2,188 | -€554 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €42,887 | €15,673 | -€27,214 | -63.5% |
| Income taxes | 67/77 | €12,401 | €5,517 | -€6,885 | -55.5% |
| Profit (loss) for the period | 9904 | €30,486 | €10,156 | -€20,329 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,486 | €10,156 | -€20,329 | -66.7% |
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 10 October 2026 via checked.be.