GESTICONSTRUCT: 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.
GESTICONSTRUCT
Largest movements
- Receivables within one year -€178,537
down €178,537 (-57.7%), from €309,334 to €130,797
of which Trade receivables: -€181,852
- Cash +€165,937
up €165,937 (+220%), from €75,568 to €241,505
mainly Receivables within one year (+€178,537) and Net result for the year (+€63,683)
- Trade debts -€56,592
down €56,592 (-46.5%), from €121,802 to €65,210
- Other debts +€29,343
up €29,343 (+118%), from €24,833 to €54,177
- Reserves +€12,236
up €12,236 (+7.7%), from €159,738 to €171,973
- Gross operating margin -€27,589
down €27,589 (-11.6%), from €237,762 to €210,173
- Staff costs -€13,900
down €13,900 (-10.9%), from €127,710 to €113,810
- Financial income +€4,555
up €4,555 (+2,934%), from €155 to €4,710
- Taxes -€2,772
down €2,772 (-9.8%), from €28,146 to €25,375
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 | €407,265 | €393,766 | -€13,499 | -3.3% |
| Fixed assets | 21/28 | €12,141 | €11,368 | -€773 | -6.4% |
| Intangible fixed assets | 21 | €926 | €0 | -€926 | -100% |
| Tangible fixed assets | 22/27 | €9,605 | €9,758 | +€153 | +1.6% |
| Plant, machinery and equipment | 23 | €1,354 | €2,195 | +€841 | +62.1% |
| Furniture and vehicles | 24 | €8,251 | €7,563 | -€688 | -8.3% |
| Financial fixed assets | 28 | €1,610 | €1,610 | = | 0.0% |
| Current assets | 29/58 | €395,123 | €382,397 | -€12,726 | -3.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €309,334 | €130,797 | -€178,537 | -57.7% |
| Trade receivables | 40 | €305,637 | €123,785 | -€181,852 | -59.5% |
| Other amounts receivable | 41 | €3,697 | €7,013 | +€3,315 | +89.7% |
| Cash at bank and in hand | 54/58 | €75,568 | €241,505 | +€165,937 | +220% |
| Deferred charges and accrued income | 490/1 | €10,221 | €10,095 | -€126 | -1.2% |
| Total equity and liabilities | 10/49 | €407,265 | €393,766 | -€13,499 | -3.3% |
| Equity | 10/15 | €173,334 | €185,569 | +€12,236 | +7.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €159,738 | €171,973 | +€12,236 | +7.7% |
| Distributable reserves | 133 | €159,738 | €171,973 | +€12,236 | +7.7% |
| Profit (loss) carried forward | 14 | €3,596 | €3,596 | = | 0.0% |
| Amounts payable | 17/49 | €233,931 | €208,196 | -€25,734 | -11.0% |
| Amounts payable within one year | 42/48 | €233,931 | €208,196 | -€25,734 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €857 | €854 | -€3 | -0.3% |
| Trade debts | 44 | €121,802 | €65,210 | -€56,592 | -46.5% |
| Suppliers | 440/4 | €121,802 | €65,210 | -€56,592 | -46.5% |
| Advances received on contracts in progress | 46 | €20,092 | €23,663 | +€3,571 | +17.8% |
| Taxes, remuneration and social security | 45 | €66,346 | €64,293 | -€2,053 | -3.1% |
| Taxes | 450/3 | €45,819 | €54,654 | +€8,835 | +19.3% |
| Remuneration and social security | 454/9 | €20,528 | €9,639 | -€10,888 | -53.0% |
| Other amounts payable | 47/48 | €24,833 | €54,177 | +€29,343 | +118% |
| Remuneration, social security and pensions | 62 | €127,710 | €113,810 | -€13,900 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,295 | €5,718 | -€577 | -9.2% |
| Other operating charges | 640/8 | €1,572 | €1,866 | +€294 | +18.7% |
| Gross operating margin | 9900 | €237,762 | €210,173 | -€27,589 | -11.6% |
| Operating profit (loss) | 9901 | €102,185 | €88,779 | -€13,406 | -13.1% |
| Financial income | 75/76B | €155 | €4,710 | +€4,555 | +2,934% |
| Recurring financial income | 75 | €155 | €4,710 | +€4,555 | +2,934% |
| Financial charges | 65/66B | €4,775 | €4,432 | -€343 | -7.2% |
| Recurring financial charges | 65 | €4,775 | €4,432 | -€343 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €97,565 | €89,057 | -€8,508 | -8.7% |
| Income taxes | 67/77 | €28,146 | €25,375 | -€2,772 | -9.8% |
| Profit (loss) for the period | 9904 | €69,419 | €63,683 | -€5,736 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,419 | €63,683 | -€5,736 | -8.3% |
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 27 October 2026 via checked.be.