GAITS: 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.
GAITS
Largest movements
- Receivables after one year +€240,000
new in 2025: €240,000
- Cash +€53,939
up €53,939 (+93.2%), from €57,874 to €111,813
mainly Net result for the year (+€385,338) and Tax, wage and social debts (+€39,733)
- Receivables within one year -€30,968
down €30,968 (-97.7%), from €31,690 to €721
of which Trade receivables: -€29,960
- Financial fixed assets -€11,000
down €11,000 (-3.3%), from €335,000 to €324,000
- Reserves +€385,338
up €385,338 (+208.5%), from €184,828 to €570,166
of which Distributable reserves: +€385,338
- Debts after one year -€158,626
no longer reported in 2025 (was €158,626)
of which Other amounts payable: -€135,000
- Tax, wage and social debts +€39,733
up €39,733 (+276.7%), from €14,361 to €54,094
of which Taxes: +€33,634
- Financial income +€400,337
up €400,337 (+1082576.4%), from €37 to €400,374
- Taxes +€34,628
up €34,628 (+266.4%), from €12,999 to €47,626
- Gross operating margin -€3,590
down €3,590 (-9.3%), from €38,628 to €35,038
- Depreciation +€589
new in 2025: €589
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 | €427,292 | €685,689 | +€258,398 | +60.5% |
| Fixed assets | 21/28 | €335,000 | €330,725 | -€4,275 | -1.3% |
| Tangible fixed assets | 22/27 | - | €6,725 | +€6,725 | |
| Furniture and vehicles | 24 | - | €6,725 | +€6,725 | |
| Financial fixed assets | 28 | €335,000 | €324,000 | -€11,000 | -3.3% |
| Current assets | 29/58 | €92,292 | €354,965 | +€262,673 | +284.6% |
| Amounts receivable after more than one year | 29 | - | €240,000 | +€240,000 | |
| Trade receivables | 290 | - | €240,000 | +€240,000 | |
| Amounts receivable within one year | 40/41 | €31,690 | €721 | -€30,968 | -97.7% |
| Trade receivables | 40 | €30,682 | €721 | -€29,960 | -97.6% |
| Other amounts receivable | 41 | €1,008 | - | -€1,008 | |
| Cash at bank and in hand | 54/58 | €57,874 | €111,813 | +€53,939 | +93.2% |
| Deferred charges and accrued income | 490/1 | €2,728 | €2,430 | -€298 | -10.9% |
| Total equity and liabilities | 10/49 | €427,292 | €685,689 | +€258,398 | +60.5% |
| Equity | 10/15 | €197,328 | €582,666 | +€385,338 | +195.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €184,828 | €570,166 | +€385,338 | +208.5% |
| 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 | €182,968 | €568,306 | +€385,338 | +210.6% |
| Amounts payable | 17/49 | €229,964 | €103,024 | -€126,940 | -55.2% |
| Amounts payable after more than one year | 17 | €158,626 | - | -€158,626 | |
| Financial debts | 170/4 | €23,626 | - | -€23,626 | |
| Other amounts payable | 178/9 | €135,000 | - | -€135,000 | |
| Amounts payable within one year | 42/48 | €71,338 | €102,928 | +€31,591 | +44.3% |
| Current portion of amounts payable after more than one year | 42 | €25,059 | €23,464 | -€1,595 | -6.4% |
| Trade debts | 44 | €10,093 | €3,530 | -€6,563 | -65.0% |
| Suppliers | 440/4 | €10,093 | €3,530 | -€6,563 | -65.0% |
| Taxes, remuneration and social security | 45 | €14,361 | €54,094 | +€39,733 | +276.7% |
| Taxes | 450/3 | €9,386 | €43,020 | +€33,634 | +358.3% |
| Remuneration and social security | 454/9 | €4,975 | €11,074 | +€6,099 | +122.6% |
| Other amounts payable | 47/48 | €21,824 | €21,841 | +€16 | +0.1% |
| Accrued charges and deferred income | 492/3 | - | €96 | +€96 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €589 | +€589 | |
| Other operating charges | 640/8 | €808 | €836 | +€29 | +3.6% |
| Gross operating margin | 9900 | €38,628 | €35,038 | -€3,590 | -9.3% |
| Operating profit (loss) | 9901 | €37,821 | €33,613 | -€4,208 | -11.1% |
| Financial income | 75/76B | €37 | €400,374 | +€400,337 | +1082576.4% |
| Recurring financial income | 75 | €37 | €400,374 | +€400,337 | +1082576.4% |
| Financial charges | 65/66B | €1,393 | €1,022 | -€371 | -26.6% |
| Recurring financial charges | 65 | €1,393 | €1,022 | -€371 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €36,464 | €432,964 | +€396,500 | +1087.4% |
| Income taxes | 67/77 | €12,999 | €47,626 | +€34,628 | +266.4% |
| Profit (loss) for the period | 9904 | €23,466 | €385,338 | +€361,872 | +1542.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,466 | €385,338 | +€361,872 | +1542.1% |
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 9 October 2026 via checked.be.