GAJE: what changed
Two fiscal 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.
GAJE
Largest movements
- Cash +€36,535
up €36,535 (+203.3%), from €17,973 to €54,508
mainly Receivables within one year (+€20,000) and Net result for the year (+€12,496)
- Receivables within one year -€20,000
no longer reported in 2025 (was €20,000)
- Tangible fixed assets -€7,064
down €7,064 (-29.1%), from €24,246 to €17,182
of which Land and buildings: -€3,956
- Reserves +€12,496
up €12,496 (+24.2%), from €51,705 to €64,200
- Tax, wage and social debts -€3,132
down €3,132 (-76.8%), from €4,078 to €946
- Depreciation +€954
up €954 (+15.6%), from €6,111 to €7,064
- Taxes -€424
down €424 (-6.7%), from €6,370 to €5,946
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 | €77,786 | €87,262 | +€9,476 | +12.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €24,246 | €17,182 | -€7,064 | -29.1% |
| Tangible fixed assets | 22/27 | €24,246 | €17,182 | -€7,064 | -29.1% |
| Land and buildings | 22 | €17,144 | €13,188 | -€3,956 | -23.1% |
| Plant, machinery and equipment | 23 | €7,101 | €3,994 | -€3,108 | -43.8% |
| Current assets | 29/58 | €53,540 | €70,081 | +€16,540 | +30.9% |
| Amounts receivable within one year | 40/41 | €20,000 | - | -€20,000 | |
| Other amounts receivable | 41 | €20,000 | - | -€20,000 | |
| Current investments | 50/53 | €14,887 | €14,887 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,973 | €54,508 | +€36,535 | +203.3% |
| Deferred charges and accrued income | 490/1 | €679 | €685 | +€6 | +0.9% |
| Total equity and liabilities | 10/49 | €77,786 | €87,262 | +€9,476 | +12.2% |
| Equity | 10/15 | €51,705 | €64,200 | +€12,496 | +24.2% |
| Reserves | 13 | €51,705 | €64,200 | +€12,496 | +24.2% |
| Distributable reserves | 133 | €51,705 | €64,200 | +€12,496 | +24.2% |
| Amounts payable | 17/49 | €26,081 | €23,062 | -€3,019 | -11.6% |
| Amounts payable within one year | 42/48 | €25,261 | €22,242 | -€3,019 | -12.0% |
| Trade debts | 44 | €1,271 | €1,296 | +€25 | +2.0% |
| Suppliers | 440/4 | €1,271 | €1,296 | +€25 | +2.0% |
| Taxes, remuneration and social security | 45 | €4,078 | €946 | -€3,132 | -76.8% |
| Taxes | 450/3 | €4,078 | €946 | -€3,132 | -76.8% |
| Other amounts payable | 47/48 | €19,913 | €20,000 | +€87 | +0.4% |
| Accrued charges and deferred income | 492/3 | €820 | €820 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,111 | €7,064 | +€954 | +15.6% |
| Other operating charges | 640/8 | €3,756 | €3,868 | +€111 | +3.0% |
| Gross operating margin | 9900 | €29,996 | €29,833 | -€163 | -0.5% |
| Operating profit (loss) | 9901 | €20,129 | €18,901 | -€1,228 | -6.1% |
| Financial charges | 65/66B | €416 | €460 | +€44 | +10.6% |
| Recurring financial charges | 65 | €416 | €460 | +€44 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €19,713 | €18,442 | -€1,271 | -6.4% |
| Income taxes | 67/77 | €6,370 | €5,946 | -€424 | -6.7% |
| Profit (loss) for the period | 9904 | €13,343 | €12,496 | -€847 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,343 | €12,496 | -€847 | -6.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.