GAJA: 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.
GAJA
Largest movements
- Receivables within one year -€87,185
down €87,185 (-78.4%), from €111,256 to €24,070
of which Trade receivables: -€87,120
- Cash -€12,980
down €12,980 (-72.5%), from €17,906 to €4,926
mainly Debts after one year (-€64,701) and Other debts (-€52,147)
- Debts after one year -€64,701
down €64,701 (-85.7%), from €75,506 to €10,805
- Other debts -€52,147
no longer reported in 2025 (was €52,147)
- Profit (loss) carried forward +€16,251
up €16,251 (+10.8%), from -€150,276 to -€134,025
No income-statement line moved by more than 1% of the activity.
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 | €129,531 | €29,366 | -€100,166 | -77.3% |
| Fixed assets | 21/28 | €370 | €370 | = | 0.0% |
| Financial fixed assets | 28 | €370 | €370 | = | 0.0% |
| Current assets | 29/58 | €129,162 | €28,996 | -€100,166 | -77.6% |
| Amounts receivable within one year | 40/41 | €111,256 | €24,070 | -€87,185 | -78.4% |
| Trade receivables | 40 | €111,120 | €24,000 | -€87,120 | -78.4% |
| Other amounts receivable | 41 | €136 | €70 | -€65 | -48.2% |
| Cash at bank and in hand | 54/58 | €17,906 | €4,926 | -€12,980 | -72.5% |
| Total equity and liabilities | 10/49 | €129,531 | €29,366 | -€100,166 | -77.3% |
| Equity | 10/15 | -€5,258 | €10,993 | +€16,251 | |
| Contributions | 10/11 | €145,018 | €145,018 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,276 | -€134,025 | +€16,251 | +10.8% |
| Amounts payable | 17/49 | €134,790 | €18,373 | -€116,417 | -86.4% |
| Amounts payable after more than one year | 17 | €75,506 | €10,805 | -€64,701 | -85.7% |
| Financial debts | 170/4 | €75,506 | €10,805 | -€64,701 | -85.7% |
| Amounts payable within one year | 42/48 | €59,284 | €7,568 | -€51,716 | -87.2% |
| Trade debts | 44 | - | €405 | +€405 | |
| Suppliers | 440/4 | - | €405 | +€405 | |
| Taxes, remuneration and social security | 45 | €7,137 | €7,163 | +€26 | +0.4% |
| Taxes | 450/3 | €7,137 | €7,163 | +€26 | +0.4% |
| Other amounts payable | 47/48 | €52,147 | - | -€52,147 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €22,707 | €22,595 | -€112 | -0.5% |
| Operating profit (loss) | 9901 | €22,202 | €22,075 | -€126 | -0.6% |
| Financial charges | 65/66B | €119 | €42 | -€77 | -64.8% |
| Recurring financial charges | 65 | €119 | €42 | -€77 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | €22,082 | €22,033 | -€49 | -0.2% |
| Income taxes | 67/77 | €5,747 | €5,782 | +€35 | +0.6% |
| Profit (loss) for the period | 9904 | €16,335 | €16,251 | -€84 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,335 | €16,251 | -€84 | -0.5% |
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 9 October 2026 via checked.be.