GAIO: 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.
GAIO
Largest movements
- Tangible fixed assets -€54,510
down €54,510 (-85.9%), from €63,435 to €8,925
of which Land and buildings: -€57,400
- Cash -€29,408
down €29,408 (-35.1%), from €83,894 to €54,486
mainly Debts after one year (-€53,866) and Net result for the year (-€22,599)
- Debts after one year -€53,866
no longer reported in 2025 (was €53,866)
- Profit (loss) carried forward -€22,599
down €22,599 (-82.4%), from -€27,431 to -€50,030
- Current portion of long-term debt -€7,412
no longer reported in 2025 (was €7,412)
- Other debts -€3,212
down €3,212 (-31.2%), from €10,281 to €7,069
- Trade debts +€2,558
up €2,558 (+4,567%), from €56 to €2,614
- Gross operating margin -€20,847
down €20,847, from €4,860 to -€15,987
- Depreciation -€8,104
down €8,104 (-88.0%), from €9,214 to €1,110
- Other operating charges +€410
up €410 (+9.8%), from €4,173 to €4,583
- Financial charges -€164
down €164 (-15.2%), from €1,083 to €919
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 | €175,544 | €91,013 | -€84,531 | -48.2% |
| Fixed assets | 21/28 | €63,685 | €9,175 | -€54,510 | -85.6% |
| Tangible fixed assets | 22/27 | €63,435 | €8,925 | -€54,510 | -85.9% |
| Land and buildings | 22 | €57,400 | - | -€57,400 | |
| Plant, machinery and equipment | 23 | €6,035 | €8,925 | +€2,890 | +47.9% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €111,858 | €81,838 | -€30,021 | -26.8% |
| Stocks and contracts in progress | 3 | €23,734 | €23,734 | = | 0.0% |
| Stocks | 30/36 | €23,734 | €23,734 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,158 | €2,526 | -€633 | -20.0% |
| Trade receivables | 40 | €2,761 | - | -€2,761 | |
| Other amounts receivable | 41 | €397 | €2,526 | +€2,129 | +536% |
| Cash at bank and in hand | 54/58 | €83,894 | €54,486 | -€29,408 | -35.1% |
| Deferred charges and accrued income | 490/1 | €1,073 | €1,093 | +€20 | +1.9% |
| Total equity and liabilities | 10/49 | €175,544 | €91,013 | -€84,531 | -48.2% |
| Equity | 10/15 | €102,085 | €79,486 | -€22,599 | -22.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €110,916 | €110,916 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €109,056 | €109,056 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,431 | -€50,030 | -€22,599 | -82.4% |
| Amounts payable | 17/49 | €73,458 | €11,527 | -€61,931 | -84.3% |
| Amounts payable after more than one year | 17 | €53,866 | - | -€53,866 | |
| Financial debts | 170/4 | €53,866 | - | -€53,866 | |
| Amounts payable within one year | 42/48 | €19,593 | €11,527 | -€8,066 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €7,412 | - | -€7,412 | |
| Trade debts | 44 | €56 | €2,614 | +€2,558 | +4,567% |
| Suppliers | 440/4 | €56 | €2,614 | +€2,558 | +4,567% |
| Taxes, remuneration and social security | 45 | €1,844 | €1,844 | = | 0.0% |
| Taxes | 450/3 | €1,844 | €1,844 | = | 0.0% |
| Other amounts payable | 47/48 | €10,281 | €7,069 | -€3,212 | -31.2% |
| Non-recurring operating income | 76A | - | €9,326 | +€9,326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,214 | €1,110 | -€8,104 | -88.0% |
| Other operating charges | 640/8 | €4,173 | €4,583 | +€410 | +9.8% |
| Gross operating margin | 9900 | €4,860 | -€15,987 | -€20,847 | |
| Operating profit (loss) | 9901 | -€8,527 | -€21,680 | -€13,154 | -154% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,083 | €919 | -€164 | -15.2% |
| Recurring financial charges | 65 | €1,083 | €919 | -€164 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,610 | -€22,599 | -€12,989 | -135% |
| Profit (loss) for the period | 9904 | -€9,610 | -€22,599 | -€12,989 | -135% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,610 | -€22,599 | -€12,989 | -135% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.