De Gapaard: 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.
De Gapaard
Largest movements
- Receivables within one year +€241,732
up €241,732 (+18,589%), from €1,300 to €243,032
of which Other amounts receivable: +€240,058
- Cash -€124,579
down €124,579 (-35.9%), from €347,485 to €222,906
mainly Receivables within one year (-€241,732) and Net result for the year (-€43,939)
- Tangible fixed assets -€63,294
down €63,294 (-9.0%), from €699,914 to €636,620
of which Furniture and vehicles: -€37,940
- Other debts +€100,708
up €100,708 (+2,458%), from €4,096 to €104,805
- Profit (loss) carried forward -€36,222
down €36,222 (-12.6%), from €288,565 to €252,343
- Depreciation -€18,296
down €18,296 (-37.0%), from €49,445 to €31,149
- Financial income +€2,050
up €2,050 (+15.7%), from €13,096 to €15,146
- Gross operating margin -€1,196
down €1,196 (-7.9%), from -€15,196 to -€16,391
- Other operating charges -€446
down €446 (-21.0%), from €2,122 to €1,676
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 | €1,470,027 | €1,523,930 | +€53,903 | +3.7% |
| Fixed assets | 21/28 | €699,914 | €636,620 | -€63,294 | -9.0% |
| Tangible fixed assets | 22/27 | €699,914 | €636,620 | -€63,294 | -9.0% |
| Land and buildings | 22 | €641,699 | €625,750 | -€15,949 | -2.5% |
| Plant, machinery and equipment | 23 | €10,553 | €1,148 | -€9,405 | -89.1% |
| Furniture and vehicles | 24 | €47,662 | €9,722 | -€37,940 | -79.6% |
| Current assets | 29/58 | €770,113 | €887,310 | +€117,197 | +15.2% |
| Amounts receivable after more than one year | 29 | €420,000 | €420,000 | = | 0.0% |
| Other amounts receivable | 291 | €420,000 | €420,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,300 | €243,032 | +€241,732 | +18,589% |
| Trade receivables | 40 | - | €1,674 | +€1,674 | |
| Other amounts receivable | 41 | €1,300 | €241,358 | +€240,058 | +18,460% |
| Cash at bank and in hand | 54/58 | €347,485 | €222,906 | -€124,579 | -35.9% |
| Deferred charges and accrued income | 490/1 | €1,327 | €1,372 | +€44 | +3.3% |
| Total equity and liabilities | 10/49 | €1,470,027 | €1,523,930 | +€53,903 | +3.7% |
| Equity | 10/15 | €1,430,910 | €1,386,971 | -€43,939 | -3.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,123,345 | €1,115,629 | -€7,717 | -0.7% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €101,386 | €93,669 | -€7,717 | -7.6% |
| Distributable reserves | 133 | €1,020,059 | €1,020,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | €288,565 | €252,343 | -€36,222 | -12.6% |
| Provisions and deferred taxes | 16 | €33,795 | €31,224 | -€2,571 | -7.6% |
| Deferred taxes | 168 | €33,795 | €31,224 | -€2,571 | -7.6% |
| Amounts payable | 17/49 | €5,322 | €105,734 | +€100,412 | +1,887% |
| Amounts payable within one year | 42/48 | €5,322 | €105,734 | +€100,412 | +1,887% |
| Trade debts | 44 | €1,225 | €929 | -€296 | -24.2% |
| Suppliers | 440/4 | €1,225 | €929 | -€296 | -24.2% |
| Other amounts payable | 47/48 | €4,096 | €104,805 | +€100,708 | +2,458% |
| Non-recurring operating income | 76A | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,445 | €31,149 | -€18,296 | -37.0% |
| Other operating charges | 640/8 | €2,122 | €1,676 | -€446 | -21.0% |
| Non-recurring operating charges | 66A | €50 | €12,245 | +€12,195 | +24,582% |
| Gross operating margin | 9900 | -€15,196 | -€16,391 | -€1,196 | -7.9% |
| Operating profit (loss) | 9901 | -€66,812 | -€61,461 | +€5,351 | +8.0% |
| Financial income | 75/76B | €13,096 | €15,146 | +€2,050 | +15.7% |
| Recurring financial income | 75 | €13,096 | €15,146 | +€2,050 | +15.7% |
| Financial charges | 65/66B | €113 | €106 | -€6 | -5.5% |
| Recurring financial charges | 65 | €113 | €106 | -€6 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€53,829 | -€46,422 | +€7,407 | +13.8% |
| Transfer from deferred taxes | 780 | €2,572 | €2,571 | -€1 | 0.0% |
| Income taxes | 67/77 | €128 | €88 | -€40 | -31.3% |
| Profit (loss) for the period | 9904 | -€51,384 | -€43,939 | +€7,446 | +14.5% |
| Transfer from tax-exempt reserves | 789 | €7,717 | €7,717 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,668 | -€36,222 | +€7,446 | +17.1% |
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 25 October 2026 via checked.be.