Gandatex: 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.
Gandatex
Largest movements
- Receivables within one year +€21,789
up €21,789 (+208%), from €10,499 to €32,288
of which Trade receivables: +€17,739
- Cash +€1,494
up €1,494 (+39.2%), from €3,813 to €5,308
mainly Other debts (+€24,981) and Net result for the year (+€23,480)
- Tangible fixed assets +€1,124
up €1,124 (+702%), from €160 to €1,284
of which Furniture and vehicles: +€1,284
- Other debts +€24,981
up €24,981 (+1,563%), from €1,599 to €26,580
- Reserves -€3,100
down €3,100 (-29.2%), from €10,627 to €7,527
- Tax, wage and social debts +€2,983
up €2,983 (+36.8%), from €8,094 to €11,077
- Gross operating margin +€23,187
up €23,187 (+190%), from €12,198 to €35,385
- Taxes +€4,680
up €4,680 (+125%), from €3,748 to €8,429
- Other operating charges -€610
down €610 (-36.9%), from €1,654 to €1,044
- Financial charges -€451
down €451 (-18.1%), from €2,494 to €2,043
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 | €24,593 | €49,061 | +€24,468 | +99.5% |
| Fixed assets | 21/28 | €160 | €1,284 | +€1,124 | +702% |
| Tangible fixed assets | 22/27 | €160 | €1,284 | +€1,124 | +702% |
| Plant, machinery and equipment | 23 | €160 | €0 | -€160 | -100% |
| Furniture and vehicles | 24 | €0 | €1,284 | +€1,284 | |
| Current assets | 29/58 | €24,433 | €47,777 | +€23,344 | +95.5% |
| Amounts receivable after more than one year | 29 | €9,000 | €9,000 | = | 0.0% |
| Other amounts receivable | 291 | €9,000 | €9,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,499 | €32,288 | +€21,789 | +208% |
| Trade receivables | 40 | €9,962 | €27,701 | +€17,739 | +178% |
| Other amounts receivable | 41 | €537 | €4,587 | +€4,050 | +754% |
| Cash at bank and in hand | 54/58 | €3,813 | €5,308 | +€1,494 | +39.2% |
| Deferred charges and accrued income | 490/1 | €1,120 | €1,181 | +€61 | +5.4% |
| Total equity and liabilities | 10/49 | €24,593 | €49,061 | +€24,468 | +99.5% |
| Equity | 10/15 | €13,127 | €10,027 | -€3,100 | -23.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €10,627 | €7,527 | -€3,100 | -29.2% |
| Distributable reserves | 133 | €10,627 | €7,527 | -€3,100 | -29.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,466 | €39,034 | +€27,568 | +240% |
| Amounts payable within one year | 42/48 | €11,466 | €39,034 | +€27,568 | +240% |
| Trade debts | 44 | €1,773 | €1,377 | -€396 | -22.3% |
| Suppliers | 440/4 | €1,773 | €1,377 | -€396 | -22.3% |
| Taxes, remuneration and social security | 45 | €8,094 | €11,077 | +€2,983 | +36.8% |
| Taxes | 450/3 | €8,094 | €11,077 | +€2,983 | +36.8% |
| Other amounts payable | 47/48 | €1,599 | €26,580 | +€24,981 | +1,563% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €372 | €519 | +€147 | +39.6% |
| Other operating charges | 640/8 | €1,654 | €1,044 | -€610 | -36.9% |
| Gross operating margin | 9900 | €12,198 | €35,385 | +€23,187 | +190% |
| Operating profit (loss) | 9901 | €10,172 | €33,822 | +€23,650 | +233% |
| Financial income | 75/76B | €3 | €129 | +€125 | +3,682% |
| Recurring financial income | 75 | €3 | €129 | +€125 | +3,682% |
| Financial charges | 65/66B | €2,494 | €2,043 | -€451 | -18.1% |
| Recurring financial charges | 65 | €2,494 | €2,043 | -€451 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €7,682 | €31,908 | +€24,226 | +315% |
| Income taxes | 67/77 | €3,748 | €8,429 | +€4,680 | +125% |
| Profit (loss) for the period | 9904 | €3,933 | €23,480 | +€19,546 | +497% |
| Profit (loss) for the period to be appropriated | 9905 | €3,933 | €23,480 | +€19,546 | +497% |
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 23 October 2026 via checked.be.