GESTOREX: 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.
GESTOREX
Largest movements
- Receivables within one year -€351,636
down €351,636 (-99.6%), from €353,136 to €1,500
of which Other amounts receivable: -€351,636
- Cash -€236,205
down €236,205 (-48.6%), from €485,750 to €249,545
mainly Other debts (-€347,000) and Tax, wage and social debts (-€180,184)
- Tangible fixed assets +€25,282
up €25,282 (+52.6%), from €48,024 to €73,306
of which Furniture and vehicles: +€40,680
- Other debts -€347,000
down €347,000 (-99.1%), from €350,015 to €3,015
- Tax, wage and social debts -€180,184
down €180,184 (-91.3%), from €197,280 to €17,096
- Profit (loss) carried forward -€31,654
down €31,654 (-4.1%), from €770,145 to €738,491
- Financial income -€1.2m
down €1.2m (-100.0%), from €1.3m to €10
- Turnover -€60,343
down €60,343 (-15.8%), from €382,260 to €321,917
- Purchases and services -€50,921
down €50,921 (-13.5%), from €377,037 to €326,116
- Gross operating margin -€22,765
down €22,765 (-60.9%), from €37,372 to €14,606
- Depreciation -€10,187
down €10,187 (-31.7%), from €32,115 to €21,928
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 | €1,580,798 | €1,018,239 | -€562,559 | -35.6% |
| Fixed assets | 21/28 | €741,912 | €767,194 | +€25,282 | +3.4% |
| Tangible fixed assets | 22/27 | €48,024 | €73,306 | +€25,282 | +52.6% |
| Plant, machinery and equipment | 23 | - | €1,617 | +€1,617 | |
| Furniture and vehicles | 24 | €66 | €40,747 | +€40,680 | +61219.2% |
| Other tangible fixed assets | 26 | €47,958 | €30,942 | -€17,015 | -35.5% |
| Financial fixed assets | 28 | €693,888 | €693,888 | = | 0.0% |
| Current assets | 29/58 | €838,886 | €251,045 | -€587,841 | -70.1% |
| Amounts receivable within one year | 40/41 | €353,136 | €1,500 | -€351,636 | -99.6% |
| Trade receivables | 40 | €1,500 | €1,500 | = | 0.0% |
| Other amounts receivable | 41 | €351,636 | - | -€351,636 | |
| Cash at bank and in hand | 54/58 | €485,750 | €249,545 | -€236,205 | -48.6% |
| Total equity and liabilities | 10/49 | €1,580,798 | €1,018,239 | -€562,559 | -35.6% |
| Equity | 10/15 | €845,964 | €814,310 | -€31,654 | -3.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €13,819 | €13,819 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,939 | €6,939 | = | 0.0% |
| Legal reserve | 130 | €6,939 | €6,939 | = | 0.0% |
| Distributable reserves | 133 | €6,880 | €6,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | €770,145 | €738,491 | -€31,654 | -4.1% |
| Provisions and deferred taxes | 16 | €187,460 | €182,110 | -€5,350 | -2.9% |
| Provisions for liabilities and charges | 160/5 | €187,460 | €182,110 | -€5,350 | -2.9% |
| Other liabilities and charges | 164/5 | €187,460 | €182,110 | -€5,350 | -2.9% |
| Amounts payable | 17/49 | €547,374 | €21,819 | -€525,555 | -96.0% |
| Amounts payable within one year | 42/48 | €547,374 | €21,819 | -€525,555 | -96.0% |
| Trade debts | 44 | €79 | €1,708 | +€1,629 | +2063.3% |
| Suppliers | 440/4 | €79 | €1,708 | +€1,629 | +2063.3% |
| Taxes, remuneration and social security | 45 | €197,280 | €17,096 | -€180,184 | -91.3% |
| Taxes | 450/3 | €197,280 | €17,096 | -€180,184 | -91.3% |
| Other amounts payable | 47/48 | €350,015 | €3,015 | -€347,000 | -99.1% |
| Turnover | 70 | €382,260 | €321,917 | -€60,343 | -15.8% |
| Non-recurring operating income | 76A | €7,404 | - | -€7,404 | |
| Goods, raw materials, services and sundry goods | 60/61 | €377,037 | €326,116 | -€50,921 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,115 | €21,928 | -€10,187 | -31.7% |
| Other operating charges | 640/8 | €1,914 | €2,658 | +€744 | +38.9% |
| Gross operating margin | 9900 | €37,372 | €14,606 | -€22,765 | -60.9% |
| Operating profit (loss) | 9901 | €3,342 | -€9,980 | -€13,322 | |
| Financial income | 75/76B | €1,250,000 | €10 | -€1.2m | -100.0% |
| Recurring financial income | 75 | €1,250,000 | €10 | -€1.2m | -100.0% |
| Financial charges | 65/66B | €31,285 | €21,153 | -€10,132 | -32.4% |
| Recurring financial charges | 65 | €31,285 | €21,153 | -€10,132 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €1,222,058 | -€31,123 | -€1.3m | |
| Income taxes | 67/77 | €5,338 | €532 | -€4,806 | -90.0% |
| Profit (loss) for the period | 9904 | €1,216,720 | -€31,654 | -€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,216,720 | -€31,654 | -€1.2m |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.