GESTUCO: 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.
GESTUCO
Largest movements
- Receivables within one year +€118,548
up €118,548 (+26.8%), from €442,086 to €560,634
of which Other amounts receivable: +€399,711
- Cash -€11,724
down €11,724 (-5.1%), from €231,803 to €220,079
mainly Contributions, distributions and other (-€206,300) and Receivables within one year (-€118,548)
- Reserves +€167,179
up €167,179 (+21.9%), from €764,719 to €931,897
of which Distributable reserves: +€167,900
- Trade debts -€27,229
down €27,229 (-91.3%), from €29,830 to €2,600
- Debts after one year -€20,885
down €20,885 (-100.0%), from €20,885 to €0
- Current portion of long-term debt -€11,094
down €11,094 (-100.0%), from €11,094 to €0
- Financial income +€400,200
up €400,200 (+4234917.0%), from €9 to €400,209
- Gross operating margin -€103,177
down €103,177 (-81.8%), from €126,179 to €23,002
- Taxes +€7,645
up €7,645 (+22.7%), from €33,748 to €41,393
- Other operating charges -€2,635
down €2,635 (-53.3%), from €4,940 to €2,305
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 | €880,519 | €984,697 | +€104,178 | +11.8% |
| Fixed assets | 21/28 | €206,630 | €203,983 | -€2,646 | -1.3% |
| Tangible fixed assets | 22/27 | €106,630 | €103,983 | -€2,646 | -2.5% |
| Land and buildings | 22 | €78,630 | €74,599 | -€4,031 | -5.1% |
| Plant, machinery and equipment | 23 | €2,242 | €1,934 | -€308 | -13.8% |
| Furniture and vehicles | 24 | €1,558 | €851 | -€707 | -45.4% |
| Other tangible fixed assets | 26 | €24,200 | €26,600 | +€2,400 | +9.9% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €673,889 | €780,713 | +€106,824 | +15.9% |
| Amounts receivable within one year | 40/41 | €442,086 | €560,634 | +€118,548 | +26.8% |
| Trade receivables | 40 | €441,798 | €160,634 | -€281,163 | -63.6% |
| Other amounts receivable | 41 | €289 | €400,000 | +€399,711 | +138389.8% |
| Cash at bank and in hand | 54/58 | €231,803 | €220,079 | -€11,724 | -5.1% |
| Total equity and liabilities | 10/49 | €880,519 | €984,697 | +€104,178 | +11.8% |
| Equity | 10/15 | €780,292 | €947,540 | +€167,249 | +21.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €764,719 | €931,897 | +€167,179 | +21.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,759 | €18,037 | -€721 | -3.8% |
| Distributable reserves | 133 | €745,960 | €913,860 | +€167,900 | +22.5% |
| Profit (loss) carried forward | 14 | €3,173 | €3,243 | +€70 | +2.2% |
| Provisions and deferred taxes | 16 | €6,253 | €6,012 | -€241 | -3.8% |
| Deferred taxes | 168 | €6,253 | €6,012 | -€241 | -3.8% |
| Amounts payable | 17/49 | €93,974 | €31,144 | -€62,830 | -66.9% |
| Amounts payable after more than one year | 17 | €20,885 | €0 | -€20,885 | -100.0% |
| Financial debts | 170/4 | €20,885 | €0 | -€20,885 | -100.0% |
| Amounts payable within one year | 42/48 | €71,089 | €29,144 | -€41,945 | -59.0% |
| Current portion of amounts payable after more than one year | 42 | €11,094 | €0 | -€11,094 | -100.0% |
| Financial debts | 43 | €6,858 | €6,824 | -€34 | -0.5% |
| Credit institutions | 430/8 | €6,858 | €6,824 | -€34 | -0.5% |
| Trade debts | 44 | €29,830 | €2,600 | -€27,229 | -91.3% |
| Suppliers | 440/4 | €29,830 | €2,600 | -€27,229 | -91.3% |
| Taxes, remuneration and social security | 45 | €19,745 | €18,524 | -€1,221 | -6.2% |
| Taxes | 450/3 | €19,745 | €18,524 | -€1,221 | -6.2% |
| Other amounts payable | 47/48 | €3,562 | €1,195 | -€2,367 | -66.5% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,730 | €5,046 | -€683 | -11.9% |
| Other operating charges | 640/8 | €4,940 | €2,305 | -€2,635 | -53.3% |
| Gross operating margin | 9900 | €126,179 | €23,002 | -€103,177 | -81.8% |
| Operating profit (loss) | 9901 | €115,509 | €15,651 | -€99,858 | -86.5% |
| Financial income | 75/76B | €9 | €400,209 | +€400,200 | +4234917.0% |
| Recurring financial income | 75 | €9 | €400,209 | +€400,200 | +4234917.0% |
| Financial charges | 65/66B | €1,657 | €1,159 | -€498 | -30.1% |
| Recurring financial charges | 65 | €1,657 | €1,159 | -€498 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €113,861 | €414,701 | +€300,840 | +264.2% |
| Transfer from deferred taxes | 780 | €241 | €241 | = | 0.0% |
| Income taxes | 67/77 | €33,748 | €41,393 | +€7,645 | +22.7% |
| Profit (loss) for the period | 9904 | €80,354 | €373,549 | +€293,195 | +364.9% |
| Transfer from tax-exempt reserves | 789 | €721 | €721 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,075 | €374,270 | +€293,195 | +361.6% |
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 12 October 2026 via checked.be.