GAFF SERVICES: 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.
GAFF SERVICES
Largest movements
- Tangible fixed assets -€28,745
down €28,745 (-26.9%), from €106,688 to €77,943
of which Furniture and vehicles: -€28,326
- Current investments +€4,363
up €4,363 (+1.7%), from €258,104 to €262,467
- Profit (loss) carried forward -€9,409
new in 2025: -€9,409
- Tax, wage and social debts -€8,334
down €8,334 (-81.7%), from €10,202 to €1,868
- Gross operating margin -€29,709
down €29,709 (-58.0%), from €51,211 to €21,502
- Taxes -€11,674
down €11,674 (-69.1%), from €16,890 to €5,216
- Financial income -€6,640
down €6,640 (-44.1%), from €15,049 to €8,410
- Financial charges +€803
up €803 (+434.8%), from €185 to €988
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 | €435,937 | €411,314 | -€24,623 | -5.6% |
| Fixed assets | 21/28 | €106,688 | €77,943 | -€28,745 | -26.9% |
| Tangible fixed assets | 22/27 | €106,688 | €77,943 | -€28,745 | -26.9% |
| Plant, machinery and equipment | 23 | €1,846 | €1,428 | -€419 | -22.7% |
| Furniture and vehicles | 24 | €104,841 | €76,515 | -€28,326 | -27.0% |
| Current assets | 29/58 | €329,249 | €333,371 | +€4,122 | +1.3% |
| Amounts receivable within one year | 40/41 | €13,374 | €12,785 | -€589 | -4.4% |
| Trade receivables | 40 | €6,216 | - | -€6,216 | |
| Other amounts receivable | 41 | €7,158 | €12,785 | +€5,627 | +78.6% |
| Current investments | 50/53 | €258,104 | €262,467 | +€4,363 | +1.7% |
| Cash at bank and in hand | 54/58 | €57,686 | €57,057 | -€628 | -1.1% |
| Deferred charges and accrued income | 490/1 | €86 | €1,062 | +€976 | +1134.1% |
| Total equity and liabilities | 10/49 | €435,937 | €411,314 | -€24,623 | -5.6% |
| Equity | 10/15 | €289,028 | €279,619 | -€9,409 | -3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €270,428 | €270,428 | = | 0.0% |
| Distributable reserves | 133 | €270,428 | €270,428 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,409 | -€9,409 | |
| Amounts payable | 17/49 | €146,909 | €131,695 | -€15,213 | -10.4% |
| Amounts payable after more than one year | 17 | €128,682 | €125,712 | -€2,969 | -2.3% |
| Financial debts | 170/4 | €128,682 | €125,712 | -€2,969 | -2.3% |
| Amounts payable within one year | 42/48 | €16,727 | €4,483 | -€12,244 | -73.2% |
| Trade debts | 44 | €6,525 | €2,615 | -€3,910 | -59.9% |
| Suppliers | 440/4 | €6,525 | €2,615 | -€3,910 | -59.9% |
| Taxes, remuneration and social security | 45 | €10,202 | €1,868 | -€8,334 | -81.7% |
| Taxes | 450/3 | €10,202 | €1,868 | -€8,334 | -81.7% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,573 | €28,745 | +€172 | +0.6% |
| Other operating charges | 640/8 | €4,245 | €4,372 | +€127 | +3.0% |
| Gross operating margin | 9900 | €51,211 | €21,502 | -€29,709 | -58.0% |
| Operating profit (loss) | 9901 | €18,393 | -€11,615 | -€30,008 | |
| Financial income | 75/76B | €15,049 | €8,410 | -€6,640 | -44.1% |
| Recurring financial income | 75 | €15,049 | €8,410 | -€6,640 | -44.1% |
| Financial charges | 65/66B | €185 | €988 | +€803 | +434.8% |
| Recurring financial charges | 65 | €185 | €988 | +€803 | +434.8% |
| Profit (loss) for the period before taxes | 9903 | €33,257 | -€4,194 | -€37,451 | |
| Income taxes | 67/77 | €16,890 | €5,216 | -€11,674 | -69.1% |
| Profit (loss) for the period | 9904 | €16,368 | -€9,409 | -€25,777 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,368 | -€9,409 | -€25,777 |
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 30 September 2026 via checked.be.