GADEYNE JENS: 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.
GADEYNE JENS
Largest movements
- Stocks and contracts -€10,388
down €10,388 (-27.5%), from €37,720 to €27,332
of which Contracts in progress: -€20,750
- Cash +€4,858
up €4,858 (+154%), from €3,149 to €8,007
mainly Stocks and contracts (+€10,388) and Depreciation (+€882)
- Tangible fixed assets -€882
down €882 (-32.2%), from €2,739 to €1,857
of which Furniture and vehicles: -€635
- Deferred charges and accrued income -€773
down €773 (-62.5%), from €1,236 to €464
- Receivables within one year +€719
up €719 (+14.8%), from €4,870 to €5,589
of which Trade receivables: +€869
- Other debts -€4,314
down €4,314 (-30.4%), from €14,191 to €9,877
- Trade debts -€1,887
down €1,887 (-57.5%), from €3,283 to €1,396
- Current portion of long-term debt -€514
no longer reported in 2025 (was €514)
- Depreciation -€3,399
down €3,399 (-79.4%), from €4,281 to €882
- Gross operating margin -€1,469
down €1,469 (-33.3%), from €4,417 to €2,948
- Other operating charges +€353
up €353 (+35.1%), from €1,004 to €1,356
- Taxes +€223
up €223 (+2,228,500%), from €0 to €223
- Financial charges +€193
up €193 (+67.8%), from €285 to €478
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 | €49,714 | €43,249 | -€6,465 | -13.0% |
| Fixed assets | 21/28 | €2,739 | €1,857 | -€882 | -32.2% |
| Tangible fixed assets | 22/27 | €2,739 | €1,857 | -€882 | -32.2% |
| Plant, machinery and equipment | 23 | €811 | €565 | -€247 | -30.4% |
| Furniture and vehicles | 24 | €1,928 | €1,293 | -€635 | -32.9% |
| Current assets | 29/58 | €46,975 | €41,392 | -€5,583 | -11.9% |
| Stocks and contracts in progress | 3 | €37,720 | €27,332 | -€10,388 | -27.5% |
| Stocks | 30/36 | - | €10,362 | +€10,362 | |
| Contracts in progress | 37 | €37,720 | €16,970 | -€20,750 | -55.0% |
| Amounts receivable within one year | 40/41 | €4,870 | €5,589 | +€719 | +14.8% |
| Trade receivables | 40 | €2,840 | €3,709 | +€869 | +30.6% |
| Other amounts receivable | 41 | €2,029 | €1,880 | -€149 | -7.4% |
| Cash at bank and in hand | 54/58 | €3,149 | €8,007 | +€4,858 | +154% |
| Deferred charges and accrued income | 490/1 | €1,236 | €464 | -€773 | -62.5% |
| Total equity and liabilities | 10/49 | €49,714 | €43,249 | -€6,465 | -13.0% |
| Equity | 10/15 | €31,347 | €31,375 | +€28 | +0.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €10,801 | €10,801 | = | 0.0% |
| Distributable reserves | 133 | €10,801 | €10,801 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,953 | €1,982 | +€28 | +1.5% |
| Amounts payable | 17/49 | €18,367 | €11,874 | -€6,493 | -35.4% |
| Amounts payable within one year | 42/48 | €18,367 | €11,874 | -€6,493 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €514 | - | -€514 | |
| Trade debts | 44 | €3,283 | €1,396 | -€1,887 | -57.5% |
| Suppliers | 440/4 | €3,283 | €1,396 | -€1,887 | -57.5% |
| Taxes, remuneration and social security | 45 | €379 | €602 | +€223 | +58.8% |
| Taxes | 450/3 | €379 | €602 | +€223 | +58.8% |
| Other amounts payable | 47/48 | €14,191 | €9,877 | -€4,314 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,281 | €882 | -€3,399 | -79.4% |
| Other operating charges | 640/8 | €1,004 | €1,356 | +€353 | +35.1% |
| Gross operating margin | 9900 | €4,417 | €2,948 | -€1,469 | -33.3% |
| Operating profit (loss) | 9901 | -€867 | €710 | +€1,577 | |
| Financial income | 75/76B | €201 | €19 | -€182 | -90.6% |
| Recurring financial income | 75 | €201 | €19 | -€182 | -90.6% |
| Financial charges | 65/66B | €285 | €478 | +€193 | +67.8% |
| Recurring financial charges | 65 | €285 | €478 | +€193 | +67.8% |
| Profit (loss) for the period before taxes | 9903 | -€951 | €251 | +€1,202 | |
| Income taxes | 67/77 | €0 | €223 | +€223 | +2,228,500% |
| Profit (loss) for the period | 9904 | -€951 | €28 | +€979 | |
| Profit (loss) for the period to be appropriated | 9905 | -€951 | €28 | +€979 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.