GAJORAZI: 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.
GAJORAZI
Largest movements
- Cash +€12,010
up €12,010 (+51.0%), from €23,540 to €35,550
mainly Net result for the year (+€9,032) and Trade debts (+€1,449)
- Deferred charges and accrued income -€863
down €863 (-51.9%), from €1,662 to €799
- Profit (loss) carried forward +€9,032
up €9,032 (+60.0%), from €15,056 to €24,088
- Trade debts +€1,449
up €1,449 (+469%), from €309 to €1,758
- Tax, wage and social debts +€510
up €510 (+5.3%), from €9,643 to €10,153
- Gross operating margin -€5,708
down €5,708 (-26.6%), from €21,460 to €15,752
- Taxes +€382
up €382 (+7.7%), from €4,992 to €5,374
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 | €26,008 | €36,999 | +€10,991 | +42.3% |
| Fixed assets | 21/28 | €805 | €455 | -€351 | -43.5% |
| Tangible fixed assets | 22/27 | €805 | €455 | -€351 | -43.5% |
| Plant, machinery and equipment | 23 | €805 | €455 | -€351 | -43.5% |
| Current assets | 29/58 | €25,202 | €36,544 | +€11,342 | +45.0% |
| Amounts receivable within one year | 40/41 | - | €195 | +€195 | |
| Other amounts receivable | 41 | - | €195 | +€195 | |
| Cash at bank and in hand | 54/58 | €23,540 | €35,550 | +€12,010 | +51.0% |
| Deferred charges and accrued income | 490/1 | €1,662 | €799 | -€863 | -51.9% |
| Total equity and liabilities | 10/49 | €26,008 | €36,999 | +€10,991 | +42.3% |
| Equity | 10/15 | €16,056 | €25,088 | +€9,032 | +56.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,056 | €24,088 | +€9,032 | +60.0% |
| Amounts payable | 17/49 | €9,952 | €11,911 | +€1,959 | +19.7% |
| Amounts payable within one year | 42/48 | €9,952 | €11,911 | +€1,959 | +19.7% |
| Trade debts | 44 | €309 | €1,758 | +€1,449 | +469% |
| Suppliers | 440/4 | €309 | €1,758 | +€1,449 | +469% |
| Taxes, remuneration and social security | 45 | €9,643 | €10,153 | +€510 | +5.3% |
| Taxes | 450/3 | €9,643 | €10,153 | +€510 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246 | €351 | +€104 | +42.4% |
| Other operating charges | 640/8 | €1,167 | €1,078 | -€88 | -7.6% |
| Gross operating margin | 9900 | €21,460 | €15,752 | -€5,708 | -26.6% |
| Operating profit (loss) | 9901 | €20,047 | €14,323 | -€5,724 | -28.6% |
| Financial income | 75/76B | €1 | €85 | +€85 | +13,449% |
| Recurring financial income | 75 | €1 | €85 | +€85 | +13,449% |
| Financial charges | 65/66B | - | €2 | +€2 | |
| Recurring financial charges | 65 | - | €2 | +€2 | |
| Profit (loss) for the period before taxes | 9903 | €20,048 | €14,406 | -€5,641 | -28.1% |
| Income taxes | 67/77 | €4,992 | €5,374 | +€382 | +7.7% |
| Profit (loss) for the period | 9904 | €15,056 | €9,032 | -€6,023 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,056 | €9,032 | -€6,023 | -40.0% |
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 27 October 2026 via checked.be.