Gaju: 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.
Gaju
Largest movements
- Cash -€28,925
down €28,925 (-42.9%), from €67,404 to €38,479
mainly Other debts (-€56,729) and Receivables within one year (-€13,409)
- Receivables within one year +€13,409
new in 2025: €13,409
of which Trade receivables: +€13,333
- Tangible fixed assets +€2,562
up €2,562 (+17.4%), from €14,693 to €17,255
of which Plant, machinery and equipment: +€3,304
- Other debts -€56,729
down €56,729 (-89.0%), from €63,753 to €7,024
- Reserves +€34,994
up €34,994 (+300.6%), from €11,640 to €46,634
- Tax, wage and social debts +€8,275
up €8,275 (+157.1%), from €5,267 to €13,542
- Gross operating margin +€28,746
up €28,746 (+124.0%), from €23,187 to €51,934
- Taxes +€6,834
up €6,834 (+187.4%), from €3,646 to €10,481
- Financial charges -€2,919
down €2,919 (-49.9%), from €5,846 to €2,928
- Depreciation +€2,247
up €2,247 (+181.2%), from €1,240 to €3,488
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 | €83,841 | €70,361 | -€13,481 | -16.1% |
| Formation expenses | 20 | €527 | €0 | -€527 | -100.0% |
| Fixed assets | 21/28 | €14,693 | €17,255 | +€2,562 | +17.4% |
| Tangible fixed assets | 22/27 | €14,693 | €17,255 | +€2,562 | +17.4% |
| Plant, machinery and equipment | 23 | - | €3,304 | +€3,304 | |
| Furniture and vehicles | 24 | €1,963 | €2,523 | +€560 | +28.6% |
| Other tangible fixed assets | 26 | €12,730 | €11,427 | -€1,303 | -10.2% |
| Current assets | 29/58 | €68,621 | €53,106 | -€15,516 | -22.6% |
| Amounts receivable within one year | 40/41 | - | €13,409 | +€13,409 | |
| Trade receivables | 40 | - | €13,333 | +€13,333 | |
| Other amounts receivable | 41 | - | €77 | +€77 | |
| Cash at bank and in hand | 54/58 | €67,404 | €38,479 | -€28,925 | -42.9% |
| Deferred charges and accrued income | 490/1 | €1,218 | €1,218 | = | 0.0% |
| Total equity and liabilities | 10/49 | €83,841 | €70,361 | -€13,481 | -16.1% |
| Equity | 10/15 | €14,140 | €49,134 | +€34,994 | +247.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €11,640 | €46,634 | +€34,994 | +300.6% |
| Distributable reserves | 133 | €11,640 | €46,634 | +€34,994 | +300.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €69,702 | €21,227 | -€48,474 | -69.5% |
| Amounts payable within one year | 42/48 | €69,702 | €21,227 | -€48,474 | -69.5% |
| Trade debts | 44 | €682 | €662 | -€20 | -2.9% |
| Suppliers | 440/4 | €682 | €662 | -€20 | -2.9% |
| Taxes, remuneration and social security | 45 | €5,267 | €13,542 | +€8,275 | +157.1% |
| Taxes | 450/3 | €5,267 | €13,542 | +€8,275 | +157.1% |
| Other amounts payable | 47/48 | €63,753 | €7,024 | -€56,729 | -89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,240 | €3,488 | +€2,247 | +181.2% |
| Other operating charges | 640/8 | €78 | €44 | -€34 | -43.5% |
| Gross operating margin | 9900 | €23,187 | €51,934 | +€28,746 | +124.0% |
| Operating profit (loss) | 9901 | €21,869 | €48,402 | +€26,533 | +121.3% |
| Financial income | 75/76B | €122 | €0 | -€122 | -100.0% |
| Recurring financial income | 75 | €122 | €0 | -€122 | -100.0% |
| Financial charges | 65/66B | €5,846 | €2,928 | -€2,919 | -49.9% |
| Recurring financial charges | 65 | €5,846 | €2,928 | -€2,919 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €16,145 | €45,475 | +€29,330 | +181.7% |
| Income taxes | 67/77 | €3,646 | €10,481 | +€6,834 | +187.4% |
| Profit (loss) for the period | 9904 | €12,499 | €34,994 | +€22,495 | +180.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,499 | €34,994 | +€22,495 | +180.0% |
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 9 October 2026 via checked.be.