GAJE Innovation: 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.
GAJE Innovation
Largest movements
- Tangible fixed assets +€93,310
up €93,310 (+7,897%), from €1,182 to €94,491
of which Leasing and similar rights: +€86,799
- Cash +€90,329
up €90,329 (+93.7%), from €96,432 to €186,760
mainly Other debts (+€148,807) and Net result for the year (+€78,298)
- Receivables within one year +€7,869
up €7,869 (+38.5%), from €20,453 to €28,323
of which Trade receivables: +€10,242
- Other debts +€148,807
new in 2025: €148,807
- Profit (loss) carried forward -€109,702
down €109,702 (-71.6%), from €153,268 to €43,565
- Debts after one year +€73,322
new in 2025: €73,322
- Tax, wage and social debts +€46,240
up €46,240 (+113%), from €41,095 to €87,336
- Trade debts +€17,627
up €17,627 (+19,857%), from €89 to €17,715
- Gross operating margin +€24,143
up €24,143 (+27.7%), from €87,032 to €111,175
- Depreciation +€10,797
up €10,797 (+1,952%), from €553 to €11,350
- Taxes +€4,829
up €4,829 (+27.9%), from €17,291 to €22,120
- Financial income +€1,546
new in 2025: €1,546
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 | €194,453 | €386,734 | +€192,282 | +98.9% |
| Fixed assets | 21/28 | €1,182 | €94,491 | +€93,310 | +7,897% |
| Tangible fixed assets | 22/27 | €1,182 | €94,491 | +€93,310 | +7,897% |
| Furniture and vehicles | 24 | €1,182 | €7,693 | +€6,511 | +551% |
| Leasing and similar rights | 25 | - | €86,799 | +€86,799 | |
| Current assets | 29/58 | €193,271 | €292,243 | +€98,972 | +51.2% |
| Amounts receivable within one year | 40/41 | €20,453 | €28,323 | +€7,869 | +38.5% |
| Trade receivables | 40 | €12,372 | €22,613 | +€10,242 | +82.8% |
| Other amounts receivable | 41 | €8,082 | €5,709 | -€2,372 | -29.4% |
| Current investments | 50/53 | €76,386 | €76,386 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €96,432 | €186,760 | +€90,329 | +93.7% |
| Deferred charges and accrued income | 490/1 | - | €774 | +€774 | |
| Total equity and liabilities | 10/49 | €194,453 | €386,734 | +€192,282 | +98.9% |
| Equity | 10/15 | €153,269 | €43,566 | -€109,702 | -71.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,268 | €43,565 | -€109,702 | -71.6% |
| Amounts payable | 17/49 | €41,184 | €343,168 | +€301,984 | +733% |
| Amounts payable after more than one year | 17 | - | €73,322 | +€73,322 | |
| Financial debts | 170/4 | - | €73,322 | +€73,322 | |
| Amounts payable within one year | 42/48 | €41,184 | €269,846 | +€228,662 | +555% |
| Current portion of amounts payable after more than one year | 42 | - | €15,988 | +€15,988 | |
| Trade debts | 44 | €89 | €17,715 | +€17,627 | +19,857% |
| Suppliers | 440/4 | €89 | €17,715 | +€17,627 | +19,857% |
| Taxes, remuneration and social security | 45 | €41,095 | €87,336 | +€46,240 | +113% |
| Taxes | 450/3 | €41,095 | €87,336 | +€46,240 | +113% |
| Other amounts payable | 47/48 | - | €148,807 | +€148,807 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €553 | €11,350 | +€10,797 | +1,952% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €87,032 | €111,175 | +€24,143 | +27.7% |
| Operating profit (loss) | 9901 | €86,092 | €99,425 | +€13,333 | +15.5% |
| Financial income | 75/76B | - | €1,546 | +€1,546 | |
| Recurring financial income | 75 | - | €1,546 | +€1,546 | |
| Financial charges | 65/66B | €734 | €554 | -€180 | -24.5% |
| Recurring financial charges | 65 | €734 | €554 | -€180 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €85,358 | €100,418 | +€15,060 | +17.6% |
| Income taxes | 67/77 | €17,291 | €22,120 | +€4,829 | +27.9% |
| Profit (loss) for the period | 9904 | €68,067 | €78,298 | +€10,231 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,067 | €78,298 | +€10,231 | +15.0% |
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 30 October 2026 via checked.be.