J. Gestels & Zn: 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.
J. Gestels & Zn
Largest movements
- Current investments -€72,775
no longer reported in 2025 (was €72,775)
- Cash +€48,958
up €48,958 (+1,530%), from €3,200 to €52,158
mainly Current investments (+€72,775) and Depreciation (+€33,442)
- Tangible fixed assets -€33,442
down €33,442 (-30.7%), from €109,066 to €75,623
- Receivables within one year +€23,690
up €23,690 (+21.8%), from €108,778 to €132,468
- Deferred charges and accrued income -€3,181
no longer reported in 2025 (was €3,181)
- Debts after one year -€29,641
down €29,641 (-40.2%), from €73,726 to €44,086
- Profit (loss) carried forward -€18,811
new in 2025: -€18,811
- Trade debts +€7,065
up €7,065 (+48.9%), from €14,456 to €21,521
- Other debts +€4,427
up €4,427 (+83.9%), from €5,276 to €9,703
- Gross operating margin -€27,142
down €27,142 (-53.4%), from €50,852 to €23,710
- Depreciation -€1,287
down €1,287 (-3.7%), from €34,729 to €33,442
- Financial income -€1,022
down €1,022 (-84.6%), from €1,208 to €186
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 | €298,670 | €261,918 | -€36,751 | -12.3% |
| Fixed assets | 21/28 | €110,736 | €77,293 | -€33,442 | -30.2% |
| Tangible fixed assets | 22/27 | €109,066 | €75,623 | -€33,442 | -30.7% |
| Furniture and vehicles | 24 | €109,066 | €75,623 | -€33,442 | -30.7% |
| Financial fixed assets | 28 | €1,670 | €1,670 | = | 0.0% |
| Current assets | 29/58 | €187,934 | €184,625 | -€3,309 | -1.8% |
| Amounts receivable within one year | 40/41 | €108,778 | €132,468 | +€23,690 | +21.8% |
| Trade receivables | 40 | €108,778 | €132,468 | +€23,690 | +21.8% |
| Current investments | 50/53 | €72,775 | - | -€72,775 | |
| Cash at bank and in hand | 54/58 | €3,200 | €52,158 | +€48,958 | +1,530% |
| Deferred charges and accrued income | 490/1 | €3,181 | - | -€3,181 | |
| Total equity and liabilities | 10/49 | €298,670 | €261,918 | -€36,751 | -12.3% |
| Equity | 10/15 | €171,839 | €153,027 | -€18,811 | -10.9% |
| Contributions | 10/11 | €22,529 | €22,529 | = | 0.0% |
| Reserves | 13 | €149,310 | €149,310 | = | 0.0% |
| Distributable reserves | 133 | €149,310 | €149,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€18,811 | -€18,811 | |
| Amounts payable | 17/49 | €126,831 | €108,891 | -€17,940 | -14.1% |
| Amounts payable after more than one year | 17 | €73,726 | €44,086 | -€29,641 | -40.2% |
| Financial debts | 170/4 | €73,726 | €44,086 | -€29,641 | -40.2% |
| Amounts payable within one year | 42/48 | €53,104 | €64,806 | +€11,701 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €28,472 | €29,641 | +€1,169 | +4.1% |
| Trade debts | 44 | €14,456 | €21,521 | +€7,065 | +48.9% |
| Suppliers | 440/4 | €14,456 | €21,521 | +€7,065 | +48.9% |
| Taxes, remuneration and social security | 45 | €4,901 | €3,941 | -€960 | -19.6% |
| Taxes | 450/3 | €4,901 | €3,941 | -€960 | -19.6% |
| Other amounts payable | 47/48 | €5,276 | €9,703 | +€4,427 | +83.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,729 | €33,442 | -€1,287 | -3.7% |
| Other operating charges | 640/8 | €1,516 | €1,293 | -€223 | -14.7% |
| Gross operating margin | 9900 | €50,852 | €23,710 | -€27,142 | -53.4% |
| Operating profit (loss) | 9901 | €14,606 | -€11,026 | -€25,632 | |
| Financial income | 75/76B | €1,208 | €186 | -€1,022 | -84.6% |
| Recurring financial income | 75 | €1,208 | €186 | -€1,022 | -84.6% |
| Financial charges | 65/66B | €7,482 | €7,972 | +€489 | +6.5% |
| Recurring financial charges | 65 | €7,482 | €7,972 | +€489 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €8,332 | -€18,811 | -€27,143 | |
| Income taxes | 67/77 | €210 | - | -€210 | |
| Profit (loss) for the period | 9904 | €8,122 | -€18,811 | -€26,934 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,122 | -€18,811 | -€26,934 |
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 30 October 2026 via checked.be.