GheskInsuR: 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.
GheskInsuR
Largest movements
- Tangible fixed assets -€14,009
down €14,009 (-19.8%), from €70,880 to €56,871
- Financial fixed assets +€10,000
up €10,000 (+2.5%), from €396,630 to €406,630
- Cash +€6,184
up €6,184 (+18.6%), from €33,242 to €39,426
mainly Depreciation (+€14,009) and Net result for the year (+€11,965)
- Reserves +€11,132
up €11,132 (+14.6%), from €76,287 to €87,419
of which Distributable reserves: +€11,132
- Debts after one year -€8,500
down €8,500 (-3.8%), from €224,212 to €215,712
- Gross operating margin -€1,199
down €1,199 (-4.1%), from €29,193 to €27,993
- Financial charges -€500
down €500 (-3.7%), from €13,574 to €13,075
- Financial income +€448
up €448 (+3.0%), from €14,726 to €15,174
- Other operating charges +€335
up €335 (+12.5%), from €2,671 to €3,006
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 | €500,756 | €502,953 | +€2,197 | +0.4% |
| Fixed assets | 21/28 | €467,510 | €463,501 | -€4,009 | -0.9% |
| Tangible fixed assets | 22/27 | €70,880 | €56,871 | -€14,009 | -19.8% |
| Land and buildings | 22 | €70,880 | €56,871 | -€14,009 | -19.8% |
| Financial fixed assets | 28 | €396,630 | €406,630 | +€10,000 | +2.5% |
| Current assets | 29/58 | €33,246 | €39,452 | +€6,206 | +18.7% |
| Amounts receivable within one year | 40/41 | €4 | €26 | +€22 | +581% |
| Other amounts receivable | 41 | €4 | €26 | +€22 | +581% |
| Cash at bank and in hand | 54/58 | €33,242 | €39,426 | +€6,184 | +18.6% |
| Total equity and liabilities | 10/49 | €500,756 | €502,953 | +€2,197 | +0.4% |
| Equity | 10/15 | €247,917 | €259,049 | +€11,132 | +4.5% |
| Contributions | 10/11 | €171,630 | €171,630 | = | 0.0% |
| Capital | 10 | €171,630 | €171,630 | = | 0.0% |
| Issued capital | 100 | €171,630 | €171,630 | = | 0.0% |
| Reserves | 13 | €76,287 | €87,419 | +€11,132 | +14.6% |
| Non-distributable reserves | 130/1 | €17,163 | €17,163 | = | 0.0% |
| Legal reserve | 130 | €17,163 | €17,163 | = | 0.0% |
| Distributable reserves | 133 | €59,124 | €70,256 | +€11,132 | +18.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €252,838 | €243,904 | -€8,934 | -3.5% |
| Amounts payable after more than one year | 17 | €224,212 | €215,712 | -€8,500 | -3.8% |
| Financial debts | 170/4 | €224,212 | €215,712 | -€8,500 | -3.8% |
| Amounts payable within one year | 42/48 | €28,626 | €28,192 | -€434 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €8,500 | €8,500 | = | 0.0% |
| Financial debts | 43 | €6,125 | €6,125 | = | 0.0% |
| Other loans | 439 | €6,125 | €6,125 | = | 0.0% |
| Trade debts | 44 | €1,176 | €912 | -€263 | -22.4% |
| Suppliers | 440/4 | €1,176 | €912 | -€263 | -22.4% |
| Taxes, remuneration and social security | 45 | €1,164 | €1,113 | -€51 | -4.4% |
| Taxes | 450/3 | €1,164 | €1,113 | -€51 | -4.4% |
| Other amounts payable | 47/48 | €11,661 | €11,541 | -€120 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,009 | €14,009 | = | 0.0% |
| Other operating charges | 640/8 | €2,671 | €3,006 | +€335 | +12.5% |
| Gross operating margin | 9900 | €29,193 | €27,993 | -€1,199 | -4.1% |
| Operating profit (loss) | 9901 | €12,513 | €10,979 | -€1,534 | -12.3% |
| Financial income | 75/76B | €14,726 | €15,174 | +€448 | +3.0% |
| Recurring financial income | 75 | €14,726 | €15,174 | +€448 | +3.0% |
| Financial charges | 65/66B | €13,574 | €13,075 | -€500 | -3.7% |
| Recurring financial charges | 65 | €13,574 | €13,075 | -€500 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €13,664 | €13,078 | -€586 | -4.3% |
| Income taxes | 67/77 | €1,164 | €1,113 | -€51 | -4.4% |
| Profit (loss) for the period | 9904 | €12,500 | €11,965 | -€535 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,500 | €11,965 | -€535 | -4.3% |
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 19 October 2026 via checked.be.