Gaby Project: 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.
Gaby Project
Largest movements
- Receivables within one year +€19,652
up €19,652 (+21.2%), from €92,744 to €112,396
of which Other amounts receivable: +€30,993
- Cash +€7,760
new in 2025: €7,760
mainly Trade debts (+€27,327) and Net result for the year (+€24,305)
- Trade debts +€27,327
new in 2025: €27,327
- Profit (loss) carried forward +€24,304
up €24,304 (+37.4%), from €64,973 to €89,277
- Other debts -€18,889
no longer reported in 2025 (was €18,889)
- Turnover -€381,184
no longer reported in 2025 (was €381,184)
- Purchases and services -€362,023
no longer reported in 2025 (was €362,023)
- Gross operating margin +€16,694
up €16,694 (+50.0%), from €33,415 to €50,109
- Taxes +€7,303
up €7,303 (+189.5%), from €3,853 to €11,156
- Financial charges +€6,927
up €6,927 (+169.6%), from €4,084 to €11,011
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.
Cash bridge derived
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 | €138,521 | €165,933 | +€27,412 | +19.8% |
| Current assets | 29/58 | €138,521 | €165,933 | +€27,412 | +19.8% |
| Amounts receivable after more than one year | 29 | €45,777 | €45,777 | -€0 | 0.0% |
| Other amounts receivable | 291 | €45,777 | €45,777 | -€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €92,744 | €112,396 | +€19,652 | +21.2% |
| Trade receivables | 40 | €11,341 | - | -€11,341 | |
| Other amounts receivable | 41 | €81,403 | €112,396 | +€30,993 | +38.1% |
| Cash at bank and in hand | 54/58 | - | €7,760 | +€7,760 | |
| Total equity and liabilities | 10/49 | €138,521 | €165,933 | +€27,412 | +19.8% |
| Equity | 10/15 | €68,873 | €93,177 | +€24,304 | +35.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,900 | +€1,900 | |
| Other | 1319 | €1,900 | - | -€1,900 | |
| Profit (loss) carried forward | 14 | €64,973 | €89,277 | +€24,304 | +37.4% |
| Amounts payable | 17/49 | €69,648 | €72,756 | +€3,108 | +4.5% |
| Amounts payable after more than one year | 17 | €1,426 | - | -€1,426 | |
| Financial debts | 170/4 | €1,426 | - | -€1,426 | |
| Amounts payable within one year | 42/48 | €67,192 | €72,756 | +€5,564 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €1,426 | - | -€1,426 | |
| Trade debts | 44 | - | €27,327 | +€27,327 | |
| Suppliers | 440/4 | - | €27,327 | +€27,327 | |
| Taxes, remuneration and social security | 45 | €46,877 | €45,428 | -€1,449 | -3.1% |
| Taxes | 450/3 | €14,777 | €13,328 | -€1,449 | -9.8% |
| Remuneration and social security | 454/9 | €32,100 | €32,100 | = | 0.0% |
| Other amounts payable | 47/48 | €18,889 | - | -€18,889 | |
| Accrued charges and deferred income | 492/3 | €1,030 | - | -€1,030 | |
| Turnover | 70 | €381,184 | - | -€381,184 | |
| Non-recurring operating income | 76A | €14,254 | - | -€14,254 | |
| Goods, raw materials, services and sundry goods | 60/61 | €362,023 | - | -€362,023 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,333 | - | -€5,333 | |
| Other operating charges | 640/8 | €5,127 | €3,656 | -€1,471 | -28.7% |
| Gross operating margin | 9900 | €33,415 | €50,109 | +€16,694 | +50.0% |
| Operating profit (loss) | 9901 | €22,955 | €46,453 | +€23,498 | +102.4% |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €4,084 | €11,011 | +€6,927 | +169.6% |
| Recurring financial charges | 65 | €4,084 | €11,011 | +€6,927 | +169.6% |
| Profit (loss) for the period before taxes | 9903 | €18,871 | €35,461 | +€16,590 | +87.9% |
| Income taxes | 67/77 | €3,853 | €11,156 | +€7,303 | +189.5% |
| Profit (loss) for the period | 9904 | €15,018 | €24,305 | +€9,287 | +61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,018 | €24,305 | +€9,287 | +61.8% |
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 11 October 2026 via checked.be.