GAIA.T: 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.
GAIA.T
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+25.9%), from €5.1m to €6.4m
of which Land and buildings: +€1.2m
- Cash +€108,705
up €108,705 (+432%), from €25,145 to €133,849
mainly Contributions, distributions and other (+€1.6m) and Net result for the year (+€339,024)
- Revaluation surpluses +€1.6m
new in 2025: €1.6m
- Debts after one year -€882,794
down €882,794 (-19.8%), from €4.5m to €3.6m
of which Other amounts payable: -€703,098
- Reserves +€350,783
new in 2025: €350,783
- Trade debts +€277,668
up €277,668 (+102%), from €273,244 to €550,912
- Provisions +€116,928
new in 2025: €116,928
- Gross operating margin +€369,280
up €369,280 (+68.2%), from €541,096 to €910,377
- Financial charges +€82,566
up €82,566 (+87.3%), from €94,528 to €177,094
- Depreciation -€59,146
down €59,146 (-26.2%), from €226,010 to €166,864
- Other operating charges +€40,110
up €40,110 (+58.4%), from €68,735 to €108,845
- Taxes -€37,504
down €37,504 (-97.9%), from €38,311 to €808
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 | €5,245,014 | €6,608,583 | +€1.4m | +26.0% |
| Fixed assets | 21/28 | €5,092,794 | €6,411,041 | +€1.3m | +25.9% |
| Intangible fixed assets | 21 | €503 | - | -€503 | |
| Tangible fixed assets | 22/27 | €5,092,291 | €6,411,041 | +€1.3m | +25.9% |
| Land and buildings | 22 | €5,069,992 | €6,250,913 | +€1.2m | +23.3% |
| Plant, machinery and equipment | 23 | €1,330 | - | -€1,330 | |
| Furniture and vehicles | 24 | €20,969 | - | -€20,969 | |
| Assets under construction and advance payments | 27 | - | €160,128 | +€160,128 | |
| Current assets | 29/58 | €152,220 | €197,542 | +€45,321 | +29.8% |
| Amounts receivable within one year | 40/41 | €126,690 | €63,692 | -€62,997 | -49.7% |
| Trade receivables | 40 | €99,235 | €63,692 | -€35,543 | -35.8% |
| Other amounts receivable | 41 | €27,454 | - | -€27,454 | |
| Cash at bank and in hand | 54/58 | €25,145 | €133,849 | +€108,705 | +432% |
| Deferred charges and accrued income | 490/1 | €386 | - | -€386 | |
| Total equity and liabilities | 10/49 | €5,245,014 | €6,608,583 | +€1.4m | +26.0% |
| Equity | 10/15 | €119,381 | €2,037,961 | +€1.9m | +1,607% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,579,555 | +€1.6m | |
| Reserves | 13 | - | €350,783 | +€350,783 | |
| Tax-exempt reserves | 132 | - | €350,783 | +€350,783 | |
| Profit (loss) carried forward | 14 | €100,781 | €89,023 | -€11,758 | -11.7% |
| Provisions and deferred taxes | 16 | - | €116,928 | +€116,928 | |
| Deferred taxes | 168 | - | €116,928 | +€116,928 | |
| Amounts payable | 17/49 | €5,125,633 | €4,453,695 | -€671,938 | -13.1% |
| Amounts payable after more than one year | 17 | €4,451,240 | €3,568,446 | -€882,794 | -19.8% |
| Financial debts | 170/4 | €3,555,997 | €3,376,301 | -€179,695 | -5.1% |
| Other amounts payable | 178/9 | €895,243 | €192,145 | -€703,098 | -78.5% |
| Amounts payable within one year | 42/48 | €666,585 | €879,016 | +€212,431 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €353,762 | €324,307 | -€29,456 | -8.3% |
| Trade debts | 44 | €273,244 | €550,912 | +€277,668 | +102% |
| Suppliers | 440/4 | €273,244 | €550,912 | +€277,668 | +102% |
| Taxes, remuneration and social security | 45 | €39,579 | €2,911 | -€36,667 | -92.6% |
| Taxes | 450/3 | €39,579 | €2,911 | -€36,667 | -92.6% |
| Other amounts payable | 47/48 | - | €887 | +€887 | |
| Accrued charges and deferred income | 492/3 | €7,808 | €6,232 | -€1,576 | -20.2% |
| Non-recurring operating income | 76A | €78,573 | €781,244 | +€702,672 | +894% |
| Remuneration, social security and pensions | 62 | - | €419 | +€419 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,010 | €166,864 | -€59,146 | -26.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,688 | - | -€8,688 | |
| Other operating charges | 640/8 | €68,735 | €108,845 | +€40,110 | +58.4% |
| Non-recurring operating charges | 66A | - | €503 | +€503 | |
| Gross operating margin | 9900 | €541,096 | €910,377 | +€369,280 | +68.2% |
| Operating profit (loss) | 9901 | €237,663 | €633,746 | +€396,082 | +167% |
| Financial income | 75/76B | €11 | €107 | +€96 | +843% |
| Recurring financial income | 75 | €11 | €107 | +€96 | +843% |
| Financial charges | 65/66B | €94,528 | €177,094 | +€82,566 | +87.3% |
| Recurring financial charges | 65 | €94,528 | €177,094 | +€82,566 | +87.3% |
| Profit (loss) for the period before taxes | 9903 | €143,147 | €456,759 | +€313,612 | +219% |
| Transfer from deferred taxes | 780 | - | €687 | +€687 | |
| Transfer to deferred taxes | 680 | - | €117,614 | +€117,614 | |
| Income taxes | 67/77 | €38,311 | €808 | -€37,504 | -97.9% |
| Profit (loss) for the period | 9904 | €104,836 | €339,024 | +€234,188 | +223% |
| Transfer from tax-exempt reserves | 789 | - | €2,060 | +€2,060 | |
| Transfer to tax-exempt reserves | 689 | - | €352,843 | +€352,843 | |
| Profit (loss) for the period to be appropriated | 9905 | €104,836 | -€11,758 | -€116,594 |
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 21 October 2026 via checked.be.