CLOSE THE GAP INTERNATIONAL: 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.
What changed
CLOSE THE GAP INTERNATIONAL
NACE 72.109, Other research and development on natural sciences
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€209,531
2024 · €433,005-€223,474
Equity
€3.3m
2024 · €3.1m+€209,531
Cash
€2.6m
2024 · €2.0m+€642,024
Balance sheet total
€4.3m
2024 · €4.5m-€187,624
Largest movements
Assets
- Current investments -€1.1m
down €1.1m (-100%), from €1.1m to €0
- Cash +€642,024
up €642,024 (+32.5%), from €2.0m to €2.6m
mainly Current investments (+€1.1m) and Deferred charges and accrued income (+€233,500)
- Receivables within one year +€518,791
up €518,791 (+52.3%), from €991,125 to €1.5m
of which Trade receivables: +€623,145
- Deferred charges and accrued income -€233,500
down €233,500 (-74.7%), from €312,760 to €79,260
- Receivables after one year -€61,216
down €61,216 (-62.4%), from €98,178 to €36,962
Equity and liabilities
- Debts within one year -€274,107
down €274,107 (-23.0%), from €1.2m to €917,459
of which Advances received: -€419,367
- Profit (loss) carried forward +€209,531
up €209,531 (+9.0%), from €2.3m to €2.5m
- Accrued charges and deferred income -€123,047
down €123,047 (-53.8%), from €228,631 to €105,584
Income statement
- Services and other goods +€197,110
up €197,110 (+52.7%), from €374,107 to €571,216
- Other operating charges +€94,037
up €94,037 (+23.4%), from €401,321 to €495,357
- Financial charges +€44,422
up €44,422 (+1,441%), from €3,082 to €47,504
- Turnover -€34,345
down €34,345 (-1.7%), from €2.1m to €2.0m
- Financial income -€26,066
down €26,066 (-64.4%), from €40,496 to €14,430
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.
Result 2024
€433,005
Turnover
-€34,345
Other operating income
-€37
Goods and materials
-€8,677
Services and other goods
-€197,110
Staff costs
-€18,054
Depreciation
-€306
Other operating charges
-€94,037
Other operating items
+€196,785
Financial income
-€26,066
Financial charges
-€44,422
Taxes
+€2,793
Result 2025
€209,531
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€397,448
Investment
+€1.0m
Financing
€0
Cash 2024
€2.0m
From operations (derived)
-€397,448
Net result for the year
+€209,531
Depreciation
+€14,251
Receivables after one year
+€61,216
Receivables within one year
-€518,791
Deferred charges and accrued income
+€233,500
Debts within one year
-€274,107
Accrued charges and deferred income
-€123,047
Investment (derived)
+€1.0m
Investment in fixed assets (net)
-€10,528
Current investments
+€1.1m
Cash 2025
€2.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,480,942 | €4,293,319 | -€187,624 | -4.2% |
| Fixed assets | 21/28 | €55,335 | €51,612 | -€3,723 | -6.7% |
| Intangible fixed assets | 21 | €12,169 | €10,845 | -€1,325 | -10.9% |
| Tangible fixed assets | 22/27 | €43,165 | €40,767 | -€2,398 | -5.6% |
| Furniture and vehicles | 24 | €42,126 | €40,074 | -€2,052 | -4.9% |
| Other tangible fixed assets | 26 | €1,039 | €693 | -€346 | -33.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Amounts receivable and cash guarantees | 285/8 | €0 | - | = | |
| Current assets | 29/58 | €4,425,608 | €4,241,707 | -€183,901 | -4.2% |
| Amounts receivable after more than one year | 29 | €98,178 | €36,962 | -€61,216 | -62.4% |
| Other amounts receivable | 291 | €98,178 | €36,962 | -€61,216 | -62.4% |
| Stocks and contracts in progress | 3 | €1 | €1 | = | 0.0% |
| Stocks | 30/36 | €1 | €1 | = | 0.0% |
| Goods purchased for resale | 34 | €1 | €1 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €991,125 | €1,509,916 | +€518,791 | +52.3% |
| Trade receivables | 40 | €466,393 | €1,089,538 | +€623,145 | +134% |
| Other amounts receivable | 41 | €524,733 | €420,378 | -€104,355 | -19.9% |
| Current investments | 50/53 | €1,050,000 | €0 | -€1.1m | -100% |
| Cash at bank and in hand | 54/58 | €1,973,544 | €2,615,568 | +€642,024 | +32.5% |
| Deferred charges and accrued income | 490/1 | €312,760 | €79,260 | -€233,500 | -74.7% |
| Total equity and liabilities | 10/49 | €4,480,942 | €4,293,319 | -€187,624 | -4.2% |
| Equity | 10/15 | €3,060,745 | €3,270,276 | +€209,531 | +6.8% |
| Contributions | 10/11 | €9,462 | €9,462 | = | 0.0% |
| Capital | 10 | €9,462 | €9,462 | = | 0.0% |
| Reserves | 13 | €730,000 | €730,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,321,283 | €2,530,814 | +€209,531 | +9.0% |
| Amounts payable | 17/49 | €1,420,197 | €1,023,043 | -€397,154 | -28.0% |
| Amounts payable within one year | 42/48 | €1,191,566 | €917,459 | -€274,107 | -23.0% |
| Trade debts | 44 | €308,895 | €409,334 | +€100,439 | +32.5% |
| Suppliers | 440/4 | €308,895 | €409,334 | +€100,439 | +32.5% |
| Advances received on contracts in progress | 46 | €772,093 | €352,726 | -€419,367 | -54.3% |
| Taxes, remuneration and social security | 45 | €104,923 | €149,745 | +€44,822 | +42.7% |
| Taxes | 450/3 | €44,273 | €94,853 | +€50,580 | +114% |
| Remuneration and social security | 454/9 | €60,650 | €54,891 | -€5,758 | -9.5% |
| Accrued charges and deferred income | 492/3 | €228,631 | €105,584 | -€123,047 | -53.8% |
| Operating income | 70/76A | €2,250,621 | €2,413,024 | +€162,403 | +7.2% |
| Turnover | 70 | €2,067,857 | €2,033,512 | -€34,345 | -1.7% |
| Membership fees, donations, legacies and grants | 73 | €175,032 | €371,817 | +€196,785 | +112% |
| Other operating income | 74 | €7,732 | €7,695 | -€37 | -0.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €1,848,260 | €2,166,443 | +€318,183 | +17.2% |
| Goods for resale, raw materials and consumables | 60 | €731,192 | €739,868 | +€8,677 | +1.2% |
| Purchases | 600/8 | €731,192 | €739,868 | +€8,677 | +1.2% |
| Services and other goods | 61 | €374,107 | €571,216 | +€197,110 | +52.7% |
| Remuneration, social security and pensions | 62 | €327,696 | €345,750 | +€18,054 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,945 | €14,251 | +€306 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €401,321 | €495,357 | +€94,037 | +23.4% |
| Operating profit (loss) | 9901 | €402,361 | €246,581 | -€155,780 | -38.7% |
| Financial income | 75/76B | €40,496 | €14,430 | -€26,066 | -64.4% |
| Recurring financial income | 75 | €40,496 | €14,430 | -€26,066 | -64.4% |
| Income from current assets | 751 | €18,124 | €11,571 | -€6,553 | -36.2% |
| Other financial income | 752/9 | €22,372 | €2,859 | -€19,513 | -87.2% |
| Financial charges | 65/66B | €3,082 | €47,504 | +€44,422 | +1,441% |
| Recurring financial charges | 65 | €3,082 | €47,504 | +€44,422 | +1,441% |
| Other financial charges | 652/9 | €3,082 | €47,504 | +€44,422 | +1,441% |
| Profit (loss) for the period before taxes | 9903 | €439,774 | €213,507 | -€226,268 | -51.5% |
| Income taxes | 67/77 | €6,769 | €3,976 | -€2,793 | -41.3% |
| Taxes | 670/3 | €6,769 | €3,976 | -€2,793 | -41.3% |
| Profit (loss) for the period | 9904 | €433,005 | €209,531 | -€223,474 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €433,005 | €209,531 | -€223,474 | -51.6% |
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 1 November 2026 via checked.be.