Gajus: 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.
Gajus
Largest movements
- Cash +€24,399
up €24,399 (+4.2%), from €587,648 to €612,048
mainly Depreciation (+€14,813) and Deferred charges and accrued income (+€12,582)
- Tangible fixed assets -€14,813
down €14,813 (-23.7%), from €62,380 to €47,567
of which Furniture and vehicles: -€12,848
- Deferred charges and accrued income -€12,582
down €12,582 (-61.1%), from €20,600 to €8,018
- Reserves +€10,388
up €10,388 (+1.1%), from €929,110 to €939,498
of which Distributable reserves: +€10,388
- Gross operating margin -€27,845
down €27,845 (-43.7%), from €63,696 to €35,851
- Taxes -€4,477
down €4,477 (-32.6%), from €13,744 to €9,267
- Depreciation +€1,318
up €1,318 (+9.8%), from €13,495 to €14,813
- Financial income -€1,139
no longer reported in 2025 (was €1,139)
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 | €978,698 | €980,075 | +€1,377 | +0.1% |
| Fixed assets | 21/28 | €62,380 | €47,567 | -€14,813 | -23.7% |
| Tangible fixed assets | 22/27 | €62,380 | €47,567 | -€14,813 | -23.7% |
| Furniture and vehicles | 24 | €46,577 | €33,729 | -€12,848 | -27.6% |
| Other tangible fixed assets | 26 | €15,804 | €13,839 | -€1,965 | -12.4% |
| Current assets | 29/58 | €916,318 | €932,508 | +€16,191 | +1.8% |
| Amounts receivable within one year | 40/41 | €5,210 | €9,583 | +€4,373 | +83.9% |
| Other amounts receivable | 41 | €5,210 | €9,583 | +€4,373 | +83.9% |
| Current investments | 50/53 | €302,859 | €302,859 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €587,648 | €612,048 | +€24,399 | +4.2% |
| Deferred charges and accrued income | 490/1 | €20,600 | €8,018 | -€12,582 | -61.1% |
| Total equity and liabilities | 10/49 | €978,698 | €980,075 | +€1,377 | +0.1% |
| Equity | 10/15 | €941,510 | €951,898 | +€10,388 | +1.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €929,110 | €939,498 | +€10,388 | +1.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €927,250 | €937,638 | +€10,388 | +1.1% |
| Provisions and deferred taxes | 16 | €18,550 | €18,550 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €18,550 | €18,550 | = | 0.0% |
| Pensions and similar obligations | 160 | €18,550 | €18,550 | = | 0.0% |
| Amounts payable | 17/49 | €18,638 | €9,627 | -€9,011 | -48.3% |
| Amounts payable within one year | 42/48 | €18,638 | €9,627 | -€9,011 | -48.3% |
| Trade debts | 44 | €5,192 | €4,211 | -€980 | -18.9% |
| Suppliers | 440/4 | €5,192 | €4,211 | -€980 | -18.9% |
| Taxes, remuneration and social security | 45 | €11,162 | €4,408 | -€6,754 | -60.5% |
| Taxes | 450/3 | €11,162 | €4,408 | -€6,754 | -60.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,284 | €1,007 | -€1,277 | -55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,495 | €14,813 | +€1,318 | +9.8% |
| Other operating charges | 640/8 | €968 | €1,060 | +€93 | +9.6% |
| Gross operating margin | 9900 | €63,696 | €35,851 | -€27,845 | -43.7% |
| Operating profit (loss) | 9901 | €49,233 | €19,977 | -€29,256 | -59.4% |
| Financial income | 75/76B | €1,139 | - | -€1,139 | |
| Recurring financial income | 75 | €1,139 | - | -€1,139 | |
| Financial charges | 65/66B | - | €321 | +€321 | |
| Recurring financial charges | 65 | - | €321 | +€321 | |
| Profit (loss) for the period before taxes | 9903 | €50,372 | €19,656 | -€30,717 | -61.0% |
| Income taxes | 67/77 | €13,744 | €9,267 | -€4,477 | -32.6% |
| Profit (loss) for the period | 9904 | €36,628 | €10,388 | -€26,240 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,628 | €10,388 | -€26,240 | -71.6% |
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 26 October 2026 via checked.be.