GESTRAMAT: 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.
GESTRAMAT
Largest movements
- Tangible fixed assets -€25,655
down €25,655 (-98.4%), from €26,070 to €415
of which Furniture and vehicles: -€25,780
- Financial fixed assets -€4,994
down €4,994 (-65.7%), from €7,599 to €2,605
- Current investments +€2,000
up €2,000 (+4.5%), from €44,000 to €46,000
- Stocks and contracts -€1,560
no longer reported in 2025 (was €1,560)
- Profit (loss) carried forward -€21,512
down €21,512 (-96.2%), from €22,361 to €849
- Debts after one year -€4,204
no longer reported in 2025 (was €4,204)
- Trade debts -€2,510
down €2,510 (-47.4%), from €5,295 to €2,785
- Current portion of long-term debt -€1,186
down €1,186 (-22.0%), from €5,390 to €4,204
- Gross operating margin +€20,760
up €20,760 (+62.1%), from -€33,448 to -€12,688
- Other operating charges +€7,343
up €7,343 (+723%), from €1,015 to €8,358
- Depreciation -€7,149
down €7,149 (-95.1%), from €7,519 to €370
- Financial charges -€467
down €467 (-54.3%), from €860 to €393
- Financial income -€362
down €362 (-43.4%), from €836 to €473
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 | €100,581 | €70,547 | -€30,034 | -29.9% |
| Fixed assets | 21/28 | €33,669 | €3,020 | -€30,649 | -91.0% |
| Tangible fixed assets | 22/27 | €26,070 | €415 | -€25,655 | -98.4% |
| Plant, machinery and equipment | 23 | €291 | €415 | +€125 | +43.0% |
| Furniture and vehicles | 24 | €25,780 | - | -€25,780 | |
| Financial fixed assets | 28 | €7,599 | €2,605 | -€4,994 | -65.7% |
| Current assets | 29/58 | €66,912 | €67,526 | +€615 | +0.9% |
| Stocks and contracts in progress | 3 | €1,560 | - | -€1,560 | |
| Stocks | 30/36 | €1,560 | - | -€1,560 | |
| Amounts receivable within one year | 40/41 | €19,358 | €19,141 | -€217 | -1.1% |
| Trade receivables | 40 | €16,490 | €15,828 | -€663 | -4.0% |
| Other amounts receivable | 41 | €2,867 | €3,313 | +€446 | +15.6% |
| Current investments | 50/53 | €44,000 | €46,000 | +€2,000 | +4.5% |
| Cash at bank and in hand | 54/58 | €1,441 | €2,385 | +€944 | +65.5% |
| Deferred charges and accrued income | 490/1 | €553 | - | -€553 | |
| Total equity and liabilities | 10/49 | €100,581 | €70,547 | -€30,034 | -29.9% |
| Equity | 10/15 | €84,778 | €63,267 | -€21,512 | -25.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,018 | €50,018 | = | 0.0% |
| Distributable reserves | 133 | €50,018 | €50,018 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,361 | €849 | -€21,512 | -96.2% |
| Amounts payable | 17/49 | €15,802 | €7,280 | -€8,523 | -53.9% |
| Amounts payable after more than one year | 17 | €4,204 | - | -€4,204 | |
| Financial debts | 170/4 | €4,204 | - | -€4,204 | |
| Amounts payable within one year | 42/48 | €11,598 | €7,280 | -€4,319 | -37.2% |
| Current portion of amounts payable after more than one year | 42 | €5,390 | €4,204 | -€1,186 | -22.0% |
| Financial debts | 43 | €189 | - | -€189 | |
| Credit institutions | 430/8 | €189 | - | -€189 | |
| Trade debts | 44 | €5,295 | €2,785 | -€2,510 | -47.4% |
| Suppliers | 440/4 | €5,295 | €2,785 | -€2,510 | -47.4% |
| Taxes, remuneration and social security | 45 | €725 | €291 | -€434 | -59.8% |
| Taxes | 450/3 | €725 | €291 | -€434 | -59.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,519 | €370 | -€7,149 | -95.1% |
| Other operating charges | 640/8 | €1,015 | €8,358 | +€7,343 | +723% |
| Gross operating margin | 9900 | -€33,448 | -€12,688 | +€20,760 | +62.1% |
| Operating profit (loss) | 9901 | -€41,982 | -€21,416 | +€20,566 | +49.0% |
| Financial income | 75/76B | €836 | €473 | -€362 | -43.4% |
| Recurring financial income | 75 | €836 | €473 | -€362 | -43.4% |
| Financial charges | 65/66B | €860 | €393 | -€467 | -54.3% |
| Recurring financial charges | 65 | €860 | €393 | -€467 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | -€42,006 | -€21,335 | +€20,671 | +49.2% |
| Income taxes | 67/77 | €336 | €176 | -€159 | -47.4% |
| Profit (loss) for the period | 9904 | -€42,342 | -€21,512 | +€20,830 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,342 | -€21,512 | +€20,830 | +49.2% |
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 18 October 2026 via checked.be.