GAETAN ROY: 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.
GAETAN ROY
Largest movements
- Cash +€35,319
up €35,319 (+31.9%), from €110,654 to €145,973
mainly Net result for the year (+€85,336) and Other debts (+€79,465)
- Receivables within one year +€15,053
up €15,053 (+377%), from €3,992 to €19,045
of which Trade receivables: +€16,129
- Tangible fixed assets -€14,224
down €14,224 (-25.8%), from €55,059 to €40,835
of which Furniture and vehicles: -€12,680
- Other debts +€79,465
up €79,465 (+82.2%), from €96,642 to €176,107
- Profit (loss) carried forward -€47,110
no longer reported in 2025 (was €47,110)
- Tax, wage and social debts +€2,982
up €2,982 (+12.0%), from €24,889 to €27,872
- Gross operating margin +€9,526
up €9,526 (+8.1%), from €117,131 to €126,657
- Financial charges +€3,097
up €3,097 (+531%), from €583 to €3,681
- Taxes +€1,521
up €1,521 (+7.3%), from €20,923 to €22,444
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 | €171,216 | €207,481 | +€36,265 | +21.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €55,059 | €40,835 | -€14,224 | -25.8% |
| Tangible fixed assets | 22/27 | €55,059 | €40,835 | -€14,224 | -25.8% |
| Land and buildings | 22 | €8,582 | €8,272 | -€309 | -3.6% |
| Furniture and vehicles | 24 | €39,959 | €27,279 | -€12,680 | -31.7% |
| Other tangible fixed assets | 26 | €6,518 | €5,284 | -€1,234 | -18.9% |
| Current assets | 29/58 | €116,157 | €166,646 | +€50,489 | +43.5% |
| Amounts receivable within one year | 40/41 | €3,992 | €19,045 | +€15,053 | +377% |
| Trade receivables | 40 | €1,339 | €17,468 | +€16,129 | +1,205% |
| Other amounts receivable | 41 | €2,653 | €1,577 | -€1,076 | -40.6% |
| Cash at bank and in hand | 54/58 | €110,654 | €145,973 | +€35,319 | +31.9% |
| Deferred charges and accrued income | 490/1 | €1,511 | €1,629 | +€117 | +7.8% |
| Total equity and liabilities | 10/49 | €171,216 | €207,481 | +€36,265 | +21.2% |
| Equity | 10/15 | €49,110 | €2,000 | -€47,110 | -95.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,110 | - | -€47,110 | |
| Amounts payable | 17/49 | €122,106 | €205,481 | +€83,376 | +68.3% |
| Amounts payable within one year | 42/48 | €122,093 | €205,462 | +€83,370 | +68.3% |
| Trade debts | 44 | €561 | €1,483 | +€923 | +165% |
| Suppliers | 440/4 | €561 | €1,483 | +€923 | +165% |
| Taxes, remuneration and social security | 45 | €24,889 | €27,872 | +€2,982 | +12.0% |
| Taxes | 450/3 | €24,889 | €27,872 | +€2,982 | +12.0% |
| Other amounts payable | 47/48 | €96,642 | €176,107 | +€79,465 | +82.2% |
| Accrued charges and deferred income | 492/3 | €13 | €19 | +€6 | +45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,752 | €14,224 | +€472 | +3.4% |
| Other operating charges | 640/8 | €1,243 | €973 | -€271 | -21.8% |
| Gross operating margin | 9900 | €117,131 | €126,657 | +€9,526 | +8.1% |
| Operating profit (loss) | 9901 | €102,136 | €111,461 | +€9,324 | +9.1% |
| Financial charges | 65/66B | €583 | €3,681 | +€3,097 | +531% |
| Recurring financial charges | 65 | €583 | €3,681 | +€3,097 | +531% |
| Profit (loss) for the period before taxes | 9903 | €101,553 | €107,780 | +€6,227 | +6.1% |
| Income taxes | 67/77 | €20,923 | €22,444 | +€1,521 | +7.3% |
| Profit (loss) for the period | 9904 | €80,630 | €85,336 | +€4,706 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €80,630 | €85,336 | +€4,706 | +5.8% |
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 23 October 2026 via checked.be.