GISTELHOF: 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.
GISTELHOF
Largest movements
- Cash +€41,390
up €41,390 (+43.4%), from €95,371 to €136,761
mainly Net result for the year (+€36,575) and Tax, wage and social debts (+€5,406)
- Receivables within one year -€3,821
down €3,821 (-93.3%), from €4,098 to €277
of which Trade receivables: -€3,844
- Reserves +€36,575
up €36,575 (+35.2%), from €103,916 to €140,491
- Other debts -€5,793
down €5,793 (-97.6%), from €5,937 to €145
- Tax, wage and social debts +€5,406
up €5,406 (+49.4%), from €10,949 to €16,355
- Gross operating margin +€12,578
up €12,578 (+28.0%), from €44,954 to €57,531
- Taxes +€4,984
up €4,984 (+38.3%), from €13,020 to €18,004
- Depreciation -€3,936
down €3,936 (-83.7%), from €4,702 to €766
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 | €160,702 | €197,075 | +€36,373 | +22.6% |
| Fixed assets | 21/28 | €5,810 | €5,044 | -€766 | -13.2% |
| Tangible fixed assets | 22/27 | €5,810 | €5,044 | -€766 | -13.2% |
| Plant, machinery and equipment | 23 | €5,810 | €5,044 | -€766 | -13.2% |
| Current assets | 29/58 | €154,892 | €192,032 | +€37,140 | +24.0% |
| Stocks and contracts in progress | 3 | €54,722 | €54,722 | = | 0.0% |
| Stocks | 30/36 | €54,722 | €54,722 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,098 | €277 | -€3,821 | -93.3% |
| Trade receivables | 40 | €4,000 | €156 | -€3,844 | -96.1% |
| Other amounts receivable | 41 | €98 | €120 | +€23 | +23.4% |
| Cash at bank and in hand | 54/58 | €95,371 | €136,761 | +€41,390 | +43.4% |
| Deferred charges and accrued income | 490/1 | €701 | €272 | -€429 | -61.2% |
| Total equity and liabilities | 10/49 | €160,702 | €197,075 | +€36,373 | +22.6% |
| Equity | 10/15 | €122,516 | €159,091 | +€36,575 | +29.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €103,916 | €140,491 | +€36,575 | +35.2% |
| Distributable reserves | 133 | €103,916 | €140,491 | +€36,575 | +35.2% |
| Amounts payable | 17/49 | €38,186 | €37,985 | -€202 | -0.5% |
| Amounts payable within one year | 42/48 | €38,186 | €37,985 | -€202 | -0.5% |
| Trade debts | 44 | €21,300 | €21,484 | +€185 | +0.9% |
| Suppliers | 440/4 | €21,300 | €21,484 | +€185 | +0.9% |
| Taxes, remuneration and social security | 45 | €10,949 | €16,355 | +€5,406 | +49.4% |
| Taxes | 450/3 | €10,949 | €16,355 | +€5,406 | +49.4% |
| Other amounts payable | 47/48 | €5,937 | €145 | -€5,793 | -97.6% |
| Remuneration, social security and pensions | 62 | €354 | €267 | -€87 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,702 | €766 | -€3,936 | -83.7% |
| Other operating charges | 640/8 | €1,848 | €1,840 | -€8 | -0.4% |
| Gross operating margin | 9900 | €44,954 | €57,531 | +€12,578 | +28.0% |
| Operating profit (loss) | 9901 | €38,049 | €54,658 | +€16,608 | +43.6% |
| Financial income | 75/76B | €355 | €420 | +€65 | +18.3% |
| Recurring financial income | 75 | €355 | €420 | +€65 | +18.3% |
| Financial charges | 65/66B | €452 | €499 | +€46 | +10.3% |
| Recurring financial charges | 65 | €452 | €499 | +€46 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €37,952 | €54,579 | +€16,627 | +43.8% |
| Income taxes | 67/77 | €13,020 | €18,004 | +€4,984 | +38.3% |
| Profit (loss) for the period | 9904 | €24,932 | €36,575 | +€11,643 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,932 | €36,575 | +€11,643 | +46.7% |
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 23 October 2026 via checked.be.