GAJA MANAGEMENT: what changed
GAJA MANAGEMENT
Largest movements
- Receivables within one year -€97,039
down €97,039 (-53.7%), from €180,624 to €83,584
of which Trade receivables: -€50,246
- Deferred charges and accrued income +€5,683
up €5,683 (+1,514%), from €375 to €6,058
- Cash +€4,411
up €4,411 (+4.0%), from €110,574 to €114,985
mainly Receivables within one year (+€97,039) and Net result for the year (+€8,715)
- Other debts -€76,822
down €76,822 (-44.3%), from €173,417 to €96,595
- Tax, wage and social debts -€15,514
down €15,514 (-63.9%), from €24,291 to €8,777
of which Taxes: -€17,656
- Trade debts +€4,133
up €4,133 (+103%), from €4,012 to €8,145
- Gross operating margin -€119,659
down €119,659 (-43.4%), from €276,018 to €156,360
- Taxes -€39,111
down €39,111 (-87.8%), from €44,536 to €5,425
- Financial charges +€37,059
up €37,059 (+42.0%), from €88,258 to €125,317
- Staff costs +€12,045
new in 2025: €12,045
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €298,995 | €210,791 | -€88,204 | -29.5% |
| Fixed assets | 21/28 | €7,422 | €6,164 | -€1,258 | -17.0% |
| Tangible fixed assets | 22/27 | €7,422 | €6,164 | -€1,258 | -17.0% |
| Furniture and vehicles | 24 | €2,188 | €1,730 | -€458 | -20.9% |
| Other tangible fixed assets | 26 | €5,235 | €4,435 | -€800 | -15.3% |
| Current assets | 29/58 | €291,572 | €204,627 | -€86,945 | -29.8% |
| Amounts receivable within one year | 40/41 | €180,624 | €83,584 | -€97,039 | -53.7% |
| Trade receivables | 40 | €131,755 | €81,509 | -€50,246 | -38.1% |
| Other amounts receivable | 41 | €48,868 | €2,075 | -€46,793 | -95.8% |
| Cash at bank and in hand | 54/58 | €110,574 | €114,985 | +€4,411 | +4.0% |
| Deferred charges and accrued income | 490/1 | €375 | €6,058 | +€5,683 | +1,514% |
| Total equity and liabilities | 10/49 | €298,995 | €210,791 | -€88,204 | -29.5% |
| Equity | 10/15 | €97,274 | €97,274 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €92,274 | €92,274 | = | 0.0% |
| Distributable reserves | 133 | €92,274 | €92,274 | = | 0.0% |
| Amounts payable | 17/49 | €201,721 | €113,517 | -€88,204 | -43.7% |
| Amounts payable within one year | 42/48 | €201,721 | €113,517 | -€88,204 | -43.7% |
| Trade debts | 44 | €4,012 | €8,145 | +€4,133 | +103% |
| Suppliers | 440/4 | €4,012 | €8,145 | +€4,133 | +103% |
| Taxes, remuneration and social security | 45 | €24,291 | €8,777 | -€15,514 | -63.9% |
| Taxes | 450/3 | €24,291 | €6,635 | -€17,656 | -72.7% |
| Remuneration and social security | 454/9 | - | €2,142 | +€2,142 | |
| Other amounts payable | 47/48 | €173,417 | €96,595 | -€76,822 | -44.3% |
| Remuneration, social security and pensions | 62 | - | €12,045 | +€12,045 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,851 | €2,467 | -€384 | -13.5% |
| Other operating charges | 640/8 | €872 | €2,421 | +€1,549 | +178% |
| Gross operating margin | 9900 | €276,018 | €156,360 | -€119,659 | -43.4% |
| Operating profit (loss) | 9901 | €272,295 | €139,427 | -€132,868 | -48.8% |
| Financial income | 75/76B | €1,486 | €31 | -€1,456 | -97.9% |
| Recurring financial income | 75 | €1,486 | €31 | -€1,456 | -97.9% |
| Financial charges | 65/66B | €88,258 | €125,317 | +€37,059 | +42.0% |
| Recurring financial charges | 65 | €88,258 | €125,317 | +€37,059 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | €185,523 | €14,140 | -€171,383 | -92.4% |
| Income taxes | 67/77 | €44,536 | €5,425 | -€39,111 | -87.8% |
| Profit (loss) for the period | 9904 | €140,987 | €8,715 | -€132,272 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €140,987 | €8,715 | -€132,272 | -93.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.