GISTIREST: 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.
GISTIREST
Largest movements
- Cash -€65,942
down €65,942 (-12.2%), from €540,468 to €474,525
mainly Contributions, distributions and other (-€266,000) and Other debts (-€84,281)
- Receivables within one year +€44,365
up €44,365 (+127%), from €34,997 to €79,362
of which Other amounts receivable: +€42,389
- Tangible fixed assets +€24,911
up €24,911 (+25.4%), from €97,985 to €122,896
of which Land and buildings: +€22,832
- Other debts -€84,281
down €84,281 (-23.9%), from €352,993 to €268,712
- Debts after one year +€59,760
new in 2025: €59,760
- Current portion of long-term debt +€46,803
new in 2025: €46,803
- Tax, wage and social debts -€10,946
down €10,946 (-17.7%), from €62,002 to €51,055
of which Remuneration and social security: -€7,069
- Gross operating margin -€98,065
down €98,065 (-9.6%), from €1.0m to €928,231
- Taxes -€27,841
down €27,841 (-23.5%), from €118,304 to €90,462
- Other operating charges +€12,020
up €12,020 (+166%), from €7,222 to €19,243
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 | €701,984 | €703,517 | +€1,533 | +0.2% |
| Fixed assets | 21/28 | €98,529 | €123,440 | +€24,911 | +25.3% |
| Tangible fixed assets | 22/27 | €97,985 | €122,896 | +€24,911 | +25.4% |
| Land and buildings | 22 | €8,052 | €30,884 | +€22,832 | +284% |
| Plant, machinery and equipment | 23 | €70,049 | €62,456 | -€7,593 | -10.8% |
| Furniture and vehicles | 24 | €19,884 | €29,556 | +€9,671 | +48.6% |
| Financial fixed assets | 28 | €544 | €544 | = | 0.0% |
| Current assets | 29/58 | €603,455 | €580,077 | -€23,378 | -3.9% |
| Stocks and contracts in progress | 3 | €16,547 | €14,757 | -€1,790 | -10.8% |
| Stocks | 30/36 | €16,547 | €14,757 | -€1,790 | -10.8% |
| Amounts receivable within one year | 40/41 | €34,997 | €79,362 | +€44,365 | +127% |
| Trade receivables | 40 | €14,828 | €16,804 | +€1,976 | +13.3% |
| Other amounts receivable | 41 | €20,169 | €62,558 | +€42,389 | +210% |
| Cash at bank and in hand | 54/58 | €540,468 | €474,525 | -€65,942 | -12.2% |
| Deferred charges and accrued income | 490/1 | €11,443 | €11,432 | -€11 | -0.1% |
| Total equity and liabilities | 10/49 | €701,984 | €703,517 | +€1,533 | +0.2% |
| Equity | 10/15 | €78,298 | €75,222 | -€3,076 | -3.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €3,298 | €222 | -€3,076 | -93.3% |
| Distributable reserves | 133 | €3,298 | €222 | -€3,076 | -93.3% |
| Amounts payable | 17/49 | €623,686 | €628,294 | +€4,609 | +0.7% |
| Amounts payable after more than one year | 17 | - | €59,760 | +€59,760 | |
| Financial debts | 170/4 | - | €59,760 | +€59,760 | |
| Amounts payable within one year | 42/48 | €623,686 | €568,535 | -€55,151 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | - | €46,803 | +€46,803 | |
| Trade debts | 44 | €208,691 | €201,964 | -€6,726 | -3.2% |
| Suppliers | 440/4 | €208,691 | €201,964 | -€6,726 | -3.2% |
| Taxes, remuneration and social security | 45 | €62,002 | €51,055 | -€10,946 | -17.7% |
| Taxes | 450/3 | €3,877 | - | -€3,877 | |
| Remuneration and social security | 454/9 | €58,125 | €51,055 | -€7,069 | -12.2% |
| Other amounts payable | 47/48 | €352,993 | €268,712 | -€84,281 | -23.9% |
| Remuneration, social security and pensions | 62 | €509,607 | €514,501 | +€4,894 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,986 | €32,225 | -€7,761 | -19.4% |
| Other operating charges | 640/8 | €7,222 | €19,243 | +€12,020 | +166% |
| Gross operating margin | 9900 | €1,026,296 | €928,231 | -€98,065 | -9.6% |
| Operating profit (loss) | 9901 | €469,480 | €362,263 | -€107,218 | -22.8% |
| Financial income | 75/76B | €3,919 | €1,319 | -€2,600 | -66.3% |
| Recurring financial income | 75 | €3,919 | €1,319 | -€2,600 | -66.3% |
| Financial charges | 65/66B | €5,015 | €10,195 | +€5,181 | +103% |
| Recurring financial charges | 65 | €5,015 | €10,195 | +€5,181 | +103% |
| Profit (loss) for the period before taxes | 9903 | €468,384 | €353,386 | -€114,998 | -24.6% |
| Income taxes | 67/77 | €118,304 | €90,462 | -€27,841 | -23.5% |
| Profit (loss) for the period | 9904 | €350,081 | €262,924 | -€87,157 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €350,081 | €262,924 | -€87,157 | -24.9% |
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 26 October 2026 via checked.be.