GAJO: what changed
GAJO
Largest movements
- Receivables within one year +€11,529
up €11,529 (+71.5%), from €16,119 to €27,649
of which Trade receivables: +€16,350
- Cash +€11,162
up €11,162 (+85.5%), from €13,060 to €24,221
mainly Net result for the year (+€9,449) and Advances received (+€9,000)
- Deferred charges and accrued income -€611
down €611 (-38.4%), from €1,592 to €981
- Profit (loss) carried forward +€9,449
up €9,449 (+41.1%), from -€22,995 to -€13,546
- Advances received +€9,000
new in 2025: €9,000
- Trade debts +€4,775
up €4,775 (+91.2%), from €5,235 to €10,010
- Other debts -€3,681
down €3,681 (-46.2%), from €7,963 to €4,282
- Tax, wage and social debts +€2,536
up €2,536 (+37.1%), from €6,844 to €9,380
of which Remuneration and social security: +€3,212
- Staff costs -€11,911
down €11,911 (-24.9%), from €47,774 to €35,864
- Gross operating margin -€4,033
down €4,033 (-7.5%), from €53,934 to €49,901
- Financial income +€1,794
up €1,794 (+320,396%), from €1 to €1,795
- Other operating charges -€1,278
down €1,278 (-88.7%), from €1,440 to €162
- Depreciation -€649
down €649 (-100.0%), from €650 to €0
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 | €30,771 | €52,851 | +€22,079 | +71.8% |
| Current assets | 29/58 | €30,771 | €52,851 | +€22,079 | +71.8% |
| Amounts receivable within one year | 40/41 | €16,119 | €27,649 | +€11,529 | +71.5% |
| Trade receivables | 40 | - | €16,350 | +€16,350 | |
| Other amounts receivable | 41 | €16,119 | €11,299 | -€4,821 | -29.9% |
| Cash at bank and in hand | 54/58 | €13,060 | €24,221 | +€11,162 | +85.5% |
| Deferred charges and accrued income | 490/1 | €1,592 | €981 | -€611 | -38.4% |
| Total equity and liabilities | 10/49 | €30,771 | €52,851 | +€22,079 | +71.8% |
| Equity | 10/15 | €10,729 | €20,178 | +€9,449 | +88.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,124 | €15,124 | = | 0.0% |
| Distributable reserves | 133 | €15,124 | €15,124 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,995 | -€13,546 | +€9,449 | +41.1% |
| Amounts payable | 17/49 | €20,042 | €32,672 | +€12,630 | +63.0% |
| Amounts payable within one year | 42/48 | €20,042 | €32,672 | +€12,630 | +63.0% |
| Trade debts | 44 | €5,235 | €10,010 | +€4,775 | +91.2% |
| Suppliers | 440/4 | €5,235 | €10,010 | +€4,775 | +91.2% |
| Advances received on contracts in progress | 46 | - | €9,000 | +€9,000 | |
| Taxes, remuneration and social security | 45 | €6,844 | €9,380 | +€2,536 | +37.1% |
| Taxes | 450/3 | €3,539 | €2,863 | -€676 | -19.1% |
| Remuneration and social security | 454/9 | €3,305 | €6,517 | +€3,212 | +97.2% |
| Other amounts payable | 47/48 | €7,963 | €4,282 | -€3,681 | -46.2% |
| Non-recurring operating income | 76A | - | €28 | +€28 | |
| Remuneration, social security and pensions | 62 | €47,774 | €35,864 | -€11,911 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €650 | €0 | -€649 | -100.0% |
| Other operating charges | 640/8 | €1,440 | €162 | -€1,278 | -88.7% |
| Non-recurring operating charges | 66A | €0 | €4,309 | +€4,308 | +3,590,408% |
| Gross operating margin | 9900 | €53,934 | €49,901 | -€4,033 | -7.5% |
| Operating profit (loss) | 9901 | €4,070 | €9,566 | +€5,496 | +135% |
| Financial income | 75/76B | €1 | €1,795 | +€1,794 | +320,396% |
| Recurring financial income | 75 | €1 | €1,795 | +€1,794 | +320,396% |
| Financial charges | 65/66B | €1,650 | €1,819 | +€168 | +10.2% |
| Recurring financial charges | 65 | €1,650 | €1,819 | +€168 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €2,420 | €9,542 | +€7,122 | +294% |
| Income taxes | 67/77 | €93 | €93 | +€0 | +0.3% |
| Profit (loss) for the period | 9904 | €2,328 | €9,449 | +€7,122 | +306% |
| Profit (loss) for the period to be appropriated | 9905 | €2,328 | €9,449 | +€7,122 | +306% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.