GADIO: what changed
Two fiscal 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.
GADIO
Largest movements
- Receivables within one year +€22,783
up €22,783 (+167.6%), from €13,596 to €36,379
of which Other amounts receivable: +€11,740
- Cash +€22,530
up €22,530 (+152.8%), from €14,746 to €37,276
mainly Net result for the year (+€54,396) and Depreciation (+€1,421)
- Receivables after one year +€8,850
new in 2025: €8,850
- Profit (loss) carried forward +€34,396
up €34,396 (+212.3%), from €16,201 to €50,598
- Reserves +€20,000
new in 2025: €20,000
- Tax, wage and social debts -€1,613
down €1,613 (-11.7%), from €13,779 to €12,166
of which Taxes: -€4,664
- Gross operating margin +€51,655
up €51,655 (+247.4%), from €20,878 to €72,532
- Taxes +€13,008
up €13,008 (+309.1%), from €4,209 to €17,217
- Depreciation +€960
up €960 (+207.9%), from €462 to €1,421
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 | €31,763 | €85,241 | +€53,478 | +168.4% |
| Formation expenses | 20 | €809 | - | -€809 | |
| Fixed assets | 21/28 | €1,766 | €1,393 | -€373 | -21.1% |
| Tangible fixed assets | 22/27 | €1,766 | €1,153 | -€613 | -34.7% |
| Furniture and vehicles | 24 | €1,766 | €1,153 | -€613 | -34.7% |
| Financial fixed assets | 28 | - | €240 | +€240 | |
| Current assets | 29/58 | €29,188 | €83,848 | +€54,660 | +187.3% |
| Amounts receivable after more than one year | 29 | - | €8,850 | +€8,850 | |
| Trade receivables | 290 | - | €8,850 | +€8,850 | |
| Amounts receivable within one year | 40/41 | €13,596 | €36,379 | +€22,783 | +167.6% |
| Trade receivables | 40 | €13,552 | €24,595 | +€11,043 | +81.5% |
| Other amounts receivable | 41 | €44 | €11,784 | +€11,740 | +26926.5% |
| Cash at bank and in hand | 54/58 | €14,746 | €37,276 | +€22,530 | +152.8% |
| Deferred charges and accrued income | 490/1 | €847 | €1,343 | +€497 | +58.7% |
| Total equity and liabilities | 10/49 | €31,763 | €85,241 | +€53,478 | +168.4% |
| Equity | 10/15 | €17,701 | €72,098 | +€54,396 | +307.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | - | €20,000 | +€20,000 | |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €16,201 | €50,598 | +€34,396 | +212.3% |
| Amounts payable | 17/49 | €14,061 | €13,144 | -€918 | -6.5% |
| Amounts payable within one year | 42/48 | €14,061 | €13,144 | -€918 | -6.5% |
| Trade debts | 44 | €283 | €978 | +€695 | +245.6% |
| Suppliers | 440/4 | €283 | €978 | +€695 | +245.6% |
| Taxes, remuneration and social security | 45 | €13,779 | €12,166 | -€1,613 | -11.7% |
| Taxes | 450/3 | €13,779 | €9,115 | -€4,664 | -33.8% |
| Remuneration and social security | 454/9 | - | €3,051 | +€3,051 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €462 | €1,421 | +€960 | +207.9% |
| Gross operating margin | 9900 | €20,878 | €72,532 | +€51,655 | +247.4% |
| Operating profit (loss) | 9901 | €20,416 | €71,111 | +€50,695 | +248.3% |
| Financial income | 75/76B | - | €550 | +€550 | |
| Recurring financial income | 75 | - | €550 | +€550 | |
| Financial charges | 65/66B | €6 | €48 | +€42 | +698.2% |
| Recurring financial charges | 65 | €6 | €48 | +€42 | +698.2% |
| Profit (loss) for the period before taxes | 9903 | €20,410 | €71,613 | +€51,203 | +250.9% |
| Income taxes | 67/77 | €4,209 | €17,217 | +€13,008 | +309.1% |
| Profit (loss) for the period | 9904 | €16,201 | €54,396 | +€38,195 | +235.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,201 | €54,396 | +€38,195 | +235.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.