GAETRI: 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.
GAETRI
Largest movements
- Receivables within one year +€4,781
up €4,781 (+39.5%), from €12,110 to €16,891
of which Trade receivables: +€4,876
- Cash +€1,429
up €1,429 (+35.3%), from €4,052 to €5,481
mainly Trade debts (+€7,761) and Depreciation (+€4,019)
- Trade debts +€7,761
up €7,761 (+1,538%), from €505 to €8,266
- Other debts -€3,101
down €3,101 (-11.9%), from €26,149 to €23,048
- Profit (loss) carried forward +€878
up €878 (+3.5%), from -€24,789 to -€23,911
- Tax, wage and social debts +€765
up €765 (+152%), from €504 to €1,269
- Taxes +€1,356
up €1,356 (+731%), from €186 to €1,541
- Gross operating margin -€789
down €789 (-9.2%), from €8,530 to €7,741
- Depreciation +€710
up €710 (+21.4%), from €3,309 to €4,019
- Other operating charges +€145
up €145 (+13.9%), from €1,043 to €1,188
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 | €20,969 | €27,272 | +€6,303 | +30.1% |
| Fixed assets | 21/28 | €4,230 | €4,271 | +€41 | +1.0% |
| Tangible fixed assets | 22/27 | €4,180 | €4,221 | +€41 | +1.0% |
| Furniture and vehicles | 24 | €4,180 | €4,221 | +€41 | +1.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €16,739 | €23,001 | +€6,262 | +37.4% |
| Amounts receivable within one year | 40/41 | €12,110 | €16,891 | +€4,781 | +39.5% |
| Trade receivables | 40 | €10,515 | €15,392 | +€4,876 | +46.4% |
| Other amounts receivable | 41 | €1,595 | €1,499 | -€96 | -6.0% |
| Cash at bank and in hand | 54/58 | €4,052 | €5,481 | +€1,429 | +35.3% |
| Deferred charges and accrued income | 490/1 | €577 | €629 | +€52 | +9.0% |
| Total equity and liabilities | 10/49 | €20,969 | €27,272 | +€6,303 | +30.1% |
| Equity | 10/15 | -€6,189 | -€5,311 | +€878 | +14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,789 | -€23,911 | +€878 | +3.5% |
| Amounts payable | 17/49 | €27,158 | €32,583 | +€5,425 | +20.0% |
| Amounts payable within one year | 42/48 | €27,158 | €32,583 | +€5,425 | +20.0% |
| Trade debts | 44 | €505 | €8,266 | +€7,761 | +1,538% |
| Suppliers | 440/4 | €505 | €8,266 | +€7,761 | +1,538% |
| Taxes, remuneration and social security | 45 | €504 | €1,269 | +€765 | +152% |
| Taxes | 450/3 | €504 | €1,269 | +€765 | +152% |
| Other amounts payable | 47/48 | €26,149 | €23,048 | -€3,101 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,309 | €4,019 | +€710 | +21.4% |
| Other operating charges | 640/8 | €1,043 | €1,188 | +€145 | +13.9% |
| Gross operating margin | 9900 | €8,530 | €7,741 | -€789 | -9.2% |
| Operating profit (loss) | 9901 | €4,178 | €2,534 | -€1,644 | -39.3% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €132 | €123 | -€9 | -7.0% |
| Recurring financial charges | 65 | €132 | €123 | -€9 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €4,046 | €2,419 | -€1,627 | -40.2% |
| Income taxes | 67/77 | €186 | €1,541 | +€1,356 | +731% |
| Profit (loss) for the period | 9904 | €3,860 | €878 | -€2,982 | -77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,860 | €878 | -€2,982 | -77.3% |
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 17 October 2026 via checked.be.