Gaju & Partners: 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.
Gaju & Partners
Largest movements
- Tangible fixed assets -€25,904
down €25,904 (-22.2%), from €116,456 to €90,552
of which Furniture and vehicles: -€23,078
- Cash -€15,316
down €15,316 (-61.7%), from €24,830 to €9,514
mainly Contributions, distributions and other (-€60,552) and Debts after one year (-€30,982)
- Reserves -€60,552
down €60,552 (-80.8%), from €74,943 to €14,391
- Other debts +€45,060
up €45,060 (+131%), from €34,469 to €79,529
- Debts after one year -€30,982
down €30,982 (-29.2%), from €105,980 to €74,998
- Tax, wage and social debts +€3,794
up €3,794 (+4,147%), from €91 to €3,886
- Trade debts -€2,058
down €2,058 (-23.3%), from €8,833 to €6,775
- Gross operating margin +€27,076
up €27,076 (+315%), from €8,602 to €35,678
- Depreciation +€17,709
up €17,709 (+185%), from €9,563 to €27,272
- Other operating charges -€7,430
down €7,430 (-93.6%), from €7,935 to €505
- Financial charges +€393
up €393 (+9.6%), from €4,072 to €4,465
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 | €191,894 | €149,883 | -€42,010 | -21.9% |
| Fixed assets | 21/28 | €116,456 | €90,552 | -€25,904 | -22.2% |
| Tangible fixed assets | 22/27 | €116,456 | €90,552 | -€25,904 | -22.2% |
| Plant, machinery and equipment | 23 | €3,793 | €2,176 | -€1,617 | -42.6% |
| Furniture and vehicles | 24 | €109,966 | €86,888 | -€23,078 | -21.0% |
| Other tangible fixed assets | 26 | €2,697 | €1,488 | -€1,209 | -44.8% |
| Current assets | 29/58 | €75,437 | €59,331 | -€16,106 | -21.4% |
| Amounts receivable within one year | 40/41 | €47,597 | €46,918 | -€679 | -1.4% |
| Trade receivables | 40 | €36,300 | €36,300 | = | 0.0% |
| Other amounts receivable | 41 | €11,297 | €10,618 | -€679 | -6.0% |
| Cash at bank and in hand | 54/58 | €24,830 | €9,514 | -€15,316 | -61.7% |
| Deferred charges and accrued income | 490/1 | €3,010 | €2,899 | -€111 | -3.7% |
| Total equity and liabilities | 10/49 | €191,894 | €149,883 | -€42,010 | -21.9% |
| Equity | 10/15 | €12,593 | -€46,287 | -€58,879 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €74,943 | €14,391 | -€60,552 | -80.8% |
| Distributable reserves | 133 | €74,943 | €14,391 | -€60,552 | -80.8% |
| Profit (loss) carried forward | 14 | -€62,850 | -€61,178 | +€1,672 | +2.7% |
| Amounts payable | 17/49 | €179,301 | €196,170 | +€16,869 | +9.4% |
| Amounts payable after more than one year | 17 | €105,980 | €74,998 | -€30,982 | -29.2% |
| Financial debts | 170/4 | €105,980 | €74,998 | -€30,982 | -29.2% |
| Amounts payable within one year | 42/48 | €73,321 | €121,172 | +€47,851 | +65.3% |
| Current portion of amounts payable after more than one year | 42 | €29,928 | €30,982 | +€1,054 | +3.5% |
| Trade debts | 44 | €8,833 | €6,775 | -€2,058 | -23.3% |
| Suppliers | 440/4 | €8,833 | €6,775 | -€2,058 | -23.3% |
| Taxes, remuneration and social security | 45 | €91 | €3,886 | +€3,794 | +4,147% |
| Taxes | 450/3 | €91 | €3,886 | +€3,794 | +4,147% |
| Other amounts payable | 47/48 | €34,469 | €79,529 | +€45,060 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,563 | €27,272 | +€17,709 | +185% |
| Other operating charges | 640/8 | €7,935 | €505 | -€7,430 | -93.6% |
| Non-recurring operating charges | 66A | €33,281 | €1,632 | -€31,648 | -95.1% |
| Gross operating margin | 9900 | €8,602 | €35,678 | +€27,076 | +315% |
| Operating profit (loss) | 9901 | -€42,177 | €6,268 | +€48,445 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,072 | €4,465 | +€393 | +9.6% |
| Recurring financial charges | 65 | €4,072 | €4,465 | +€393 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | -€46,249 | €1,803 | +€48,052 | |
| Income taxes | 67/77 | €91 | €131 | +€40 | +43.3% |
| Profit (loss) for the period | 9904 | -€46,340 | €1,672 | +€48,012 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,340 | €1,672 | +€48,012 |
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.