GAETANI: 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.
GAETANI
Largest movements
- Receivables within one year +€14,480
up €14,480 (+5,265%), from €275 to €14,755
- Cash +€4,133
up €4,133 (+15.1%), from €27,405 to €31,538
mainly Other debts (+€37,427) and Net result for the year (+€22,777)
- Tangible fixed assets +€1,407
up €1,407 (+10.9%), from €12,961 to €14,368
of which Plant, machinery and equipment: +€7,240
- Other debts +€37,427
up €37,427 (+2,913%), from €1,285 to €38,711
- Profit (loss) carried forward -€21,891
no longer reported in 2025 (was €21,891)
- Tax, wage and social debts +€9,012
up €9,012 (+164%), from €5,485 to €14,497
- Debts after one year -€5,197
down €5,197 (-85.4%), from €6,088 to €890
- Gross operating margin +€12,593
up €12,593 (+45.5%), from €27,674 to €40,268
- Taxes +€2,067
up €2,067 (+34.5%), from €5,994 to €8,061
- Depreciation +€1,122
up €1,122 (+22.8%), from €4,928 to €6,050
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 | €41,583 | €61,395 | +€19,812 | +47.6% |
| Fixed assets | 21/28 | €12,961 | €14,368 | +€1,407 | +10.9% |
| Tangible fixed assets | 22/27 | €12,961 | €14,368 | +€1,407 | +10.9% |
| Plant, machinery and equipment | 23 | - | €7,240 | +€7,240 | |
| Furniture and vehicles | 24 | €12,961 | €7,128 | -€5,834 | -45.0% |
| Current assets | 29/58 | €28,621 | €47,027 | +€18,405 | +64.3% |
| Amounts receivable within one year | 40/41 | €275 | €14,755 | +€14,480 | +5,265% |
| Trade receivables | 40 | €275 | €14,755 | +€14,480 | +5,265% |
| Cash at bank and in hand | 54/58 | €27,405 | €31,538 | +€4,133 | +15.1% |
| Deferred charges and accrued income | 490/1 | €941 | €734 | -€207 | -22.0% |
| Total equity and liabilities | 10/49 | €41,583 | €61,395 | +€19,812 | +47.6% |
| Equity | 10/15 | €22,891 | €1,000 | -€21,891 | -95.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,891 | - | -€21,891 | |
| Amounts payable | 17/49 | €18,692 | €60,395 | +€41,703 | +223% |
| Amounts payable after more than one year | 17 | €6,088 | €890 | -€5,197 | -85.4% |
| Financial debts | 170/4 | €6,088 | €890 | -€5,197 | -85.4% |
| Amounts payable within one year | 42/48 | €12,604 | €59,504 | +€46,900 | +372% |
| Current portion of amounts payable after more than one year | 42 | €4,957 | €5,197 | +€240 | +4.8% |
| Trade debts | 44 | €877 | €1,099 | +€221 | +25.2% |
| Suppliers | 440/4 | €877 | €1,099 | +€221 | +25.2% |
| Taxes, remuneration and social security | 45 | €5,485 | €14,497 | +€9,012 | +164% |
| Taxes | 450/3 | €5,485 | €14,497 | +€9,012 | +164% |
| Other amounts payable | 47/48 | €1,285 | €38,711 | +€37,427 | +2,913% |
| Non-recurring operating income | 76A | €679 | - | -€679 | |
| Remuneration, social security and pensions | 62 | €1,804 | €1,671 | -€134 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,928 | €6,050 | +€1,122 | +22.8% |
| Other operating charges | 640/8 | €728 | €1,096 | +€368 | +50.5% |
| Gross operating margin | 9900 | €27,674 | €40,268 | +€12,593 | +45.5% |
| Operating profit (loss) | 9901 | €20,214 | €31,451 | +€11,237 | +55.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €845 | €613 | -€232 | -27.5% |
| Recurring financial charges | 65 | €845 | €613 | -€232 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €19,369 | €30,838 | +€11,469 | +59.2% |
| Income taxes | 67/77 | €5,994 | €8,061 | +€2,067 | +34.5% |
| Profit (loss) for the period | 9904 | €13,375 | €22,777 | +€9,402 | +70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,375 | €22,777 | +€9,402 | +70.3% |
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 19 October 2026 via checked.be.