GESTWORKS: 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.
GESTWORKS
Largest movements
- Cash +€33,794
up €33,794 (+139.7%), from €24,199 to €57,993
mainly Net result for the year (+€64,578) and Other debts (+€30,660)
- Receivables within one year +€20,068
up €20,068 (+175.5%), from €11,435 to €31,502
- Tangible fixed assets -€13,664
down €13,664 (-34.2%), from €39,976 to €26,311
of which Leasing and similar rights: -€9,278
- Deferred charges and accrued income -€3,679
down €3,679 (-89.1%), from €4,129 to €450
- Other debts +€30,660
up €30,660 (+182.1%), from €16,840 to €47,500
- Profit (loss) carried forward +€17,078
up €17,078 (+109.2%), from €15,633 to €32,711
- Debts after one year -€10,414
down €10,414 (-59.3%), from €17,570 to €7,156
- Tax, wage and social debts +€7,868
up €7,868 (+318.3%), from €2,472 to €10,340
- Trade debts -€4,772
down €4,772 (-79.9%), from €5,972 to €1,200
- Gross operating margin +€52,268
up €52,268 (+103.0%), from €50,750 to €103,018
- Taxes +€11,119
up €11,119 (+145.3%), from €7,654 to €18,773
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 | €79,826 | €116,344 | +€36,518 | +45.7% |
| Fixed assets | 21/28 | €40,063 | €26,399 | -€13,664 | -34.1% |
| Tangible fixed assets | 22/27 | €39,976 | €26,311 | -€13,664 | -34.2% |
| Plant, machinery and equipment | 23 | €1,212 | €1,882 | +€670 | +55.3% |
| Furniture and vehicles | 24 | €5,106 | €1,557 | -€3,549 | -69.5% |
| Leasing and similar rights | 25 | €25,692 | €16,414 | -€9,278 | -36.1% |
| Other tangible fixed assets | 26 | €7,966 | €6,458 | -€1,508 | -18.9% |
| Financial fixed assets | 28 | €88 | €88 | = | 0.0% |
| Current assets | 29/58 | €39,763 | €89,945 | +€50,182 | +126.2% |
| Amounts receivable within one year | 40/41 | €11,435 | €31,502 | +€20,068 | +175.5% |
| Trade receivables | 40 | €11,435 | €31,502 | +€20,068 | +175.5% |
| Cash at bank and in hand | 54/58 | €24,199 | €57,993 | +€33,794 | +139.7% |
| Deferred charges and accrued income | 490/1 | €4,129 | €450 | -€3,679 | -89.1% |
| Total equity and liabilities | 10/49 | €79,826 | €116,344 | +€36,518 | +45.7% |
| Equity | 10/15 | €23,633 | €40,711 | +€17,078 | +72.3% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,633 | €32,711 | +€17,078 | +109.2% |
| Amounts payable | 17/49 | €56,193 | €75,633 | +€19,440 | +34.6% |
| Amounts payable after more than one year | 17 | €17,570 | €7,156 | -€10,414 | -59.3% |
| Financial debts | 170/4 | €17,570 | €7,156 | -€10,414 | -59.3% |
| Amounts payable within one year | 42/48 | €38,624 | €68,477 | +€29,853 | +77.3% |
| Current portion of amounts payable after more than one year | 42 | €13,340 | €9,438 | -€3,903 | -29.3% |
| Trade debts | 44 | €5,972 | €1,200 | -€4,772 | -79.9% |
| Suppliers | 440/4 | €5,972 | €1,200 | -€4,772 | -79.9% |
| Taxes, remuneration and social security | 45 | €2,472 | €10,340 | +€7,868 | +318.3% |
| Taxes | 450/3 | €2,472 | €10,340 | +€7,868 | +318.3% |
| Other amounts payable | 47/48 | €16,840 | €47,500 | +€30,660 | +182.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,651 | €15,094 | -€557 | -3.6% |
| Other operating charges | 640/8 | €1,799 | €1,650 | -€149 | -8.3% |
| Gross operating margin | 9900 | €50,750 | €103,018 | +€52,268 | +103.0% |
| Operating profit (loss) | 9901 | €33,300 | €86,275 | +€52,974 | +159.1% |
| Financial charges | 65/66B | €2,494 | €2,923 | +€429 | +17.2% |
| Recurring financial charges | 65 | €2,494 | €2,923 | +€429 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €30,806 | €83,351 | +€52,546 | +170.6% |
| Income taxes | 67/77 | €7,654 | €18,773 | +€11,119 | +145.3% |
| Profit (loss) for the period | 9904 | €23,151 | €64,578 | +€41,427 | +178.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,151 | €64,578 | +€41,427 | +178.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.