GANGUETTE: 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.
GANGUETTE
Largest movements
- Tangible fixed assets -€13,052
down €13,052 (-68.4%), from €19,075 to €6,023
of which Furniture and vehicles: -€10,463
- Receivables within one year -€12,275
down €12,275 (-41.9%), from €29,267 to €16,992
of which Other amounts receivable: -€8,145
- Cash -€12,022
down €12,022 (-33.2%), from €36,220 to €24,198
mainly Other debts (-€26,050) and Trade debts (-€7,538)
- Other debts -€26,050
down €26,050 (-40.6%), from €64,161 to €38,111
- Trade debts -€7,538
down €7,538 (-65.2%), from €11,568 to €4,030
- Profit (loss) carried forward -€7,450
down €7,450 (-1,020%), from -€731 to -€8,180
- Tax, wage and social debts +€2,136
up €2,136 (+25.3%), from €8,447 to €10,583
of which Remuneration and social security: +€3,244
- Gross operating margin +€62,588
up €62,588 (+85.4%), from €73,250 to €135,838
- Staff costs +€44,200
up €44,200 (+74.0%), from €59,745 to €103,945
- Depreciation -€15,967
down €15,967 (-62.9%), from €25,399 to €9,432
- Other operating charges +€11,708
up €11,708 (+150%), from €7,825 to €19,533
- Taxes -€1,614
new in 2025: -€1,614
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 | €89,645 | €50,743 | -€38,902 | -43.4% |
| Fixed assets | 21/28 | €20,486 | €6,171 | -€14,316 | -69.9% |
| Intangible fixed assets | 21 | €661 | €148 | -€513 | -77.6% |
| Tangible fixed assets | 22/27 | €19,075 | €6,023 | -€13,052 | -68.4% |
| Plant, machinery and equipment | 23 | €2,055 | €540 | -€1,514 | -73.7% |
| Furniture and vehicles | 24 | €12,365 | €1,902 | -€10,463 | -84.6% |
| Other tangible fixed assets | 26 | €4,655 | €3,580 | -€1,075 | -23.1% |
| Financial fixed assets | 28 | €750 | - | -€750 | |
| Current assets | 29/58 | €69,159 | €44,573 | -€24,586 | -35.6% |
| Stocks and contracts in progress | 3 | €2,110 | €2,278 | +€168 | +8.0% |
| Stocks | 30/36 | €2,110 | €2,278 | +€168 | +8.0% |
| Amounts receivable within one year | 40/41 | €29,267 | €16,992 | -€12,275 | -41.9% |
| Trade receivables | 40 | €4,463 | €333 | -€4,130 | -92.5% |
| Other amounts receivable | 41 | €24,804 | €16,659 | -€8,145 | -32.8% |
| Cash at bank and in hand | 54/58 | €36,220 | €24,198 | -€12,022 | -33.2% |
| Deferred charges and accrued income | 490/1 | €1,562 | €1,105 | -€458 | -29.3% |
| Total equity and liabilities | 10/49 | €89,645 | €50,743 | -€38,902 | -43.4% |
| Equity | 10/15 | €5,469 | -€1,980 | -€7,450 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€731 | -€8,180 | -€7,450 | -1,020% |
| Amounts payable | 17/49 | €84,176 | €52,724 | -€31,452 | -37.4% |
| Amounts payable within one year | 42/48 | €84,176 | €52,724 | -€31,452 | -37.4% |
| Trade debts | 44 | €11,568 | €4,030 | -€7,538 | -65.2% |
| Suppliers | 440/4 | €11,568 | €4,030 | -€7,538 | -65.2% |
| Taxes, remuneration and social security | 45 | €8,447 | €10,583 | +€2,136 | +25.3% |
| Taxes | 450/3 | €1,338 | €229 | -€1,109 | -82.9% |
| Remuneration and social security | 454/9 | €7,109 | €10,354 | +€3,244 | +45.6% |
| Other amounts payable | 47/48 | €64,161 | €38,111 | -€26,050 | -40.6% |
| Non-recurring operating income | 76A | €3,680 | €4,354 | +€674 | +18.3% |
| Remuneration, social security and pensions | 62 | €59,745 | €103,945 | +€44,200 | +74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,399 | €9,432 | -€15,967 | -62.9% |
| Other operating charges | 640/8 | €7,825 | €19,533 | +€11,708 | +150% |
| Non-recurring operating charges | 66A | - | €8,488 | +€8,488 | |
| Gross operating margin | 9900 | €73,250 | €135,838 | +€62,588 | +85.4% |
| Operating profit (loss) | 9901 | -€19,719 | -€5,560 | +€14,159 | +71.8% |
| Financial income | 75/76B | €0 | €1 | +€1 | +300% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +300% |
| Financial charges | 65/66B | €1,957 | €3,505 | +€1,548 | +79.1% |
| Recurring financial charges | 65 | €1,957 | €3,505 | +€1,548 | +79.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,676 | -€9,064 | +€12,612 | +58.2% |
| Income taxes | 67/77 | - | -€1,614 | -€1,614 | |
| Profit (loss) for the period | 9904 | -€21,676 | -€7,450 | +€14,226 | +65.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,676 | -€7,450 | +€14,226 | +65.6% |
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 23 October 2026 via checked.be.