GANGWAY: what changed
What changed
GANGWAY
NACE 52.250, Logistics services
filed annual accounts (NBB)
Net result for the year
-€17,914
2024 · €7,455-€25,369
Equity
€19,085
2024 · €36,999-€17,914
Cash
-
2024 · €22-€22
Balance sheet total
€19,375
2024 · €126,967-€107,592
Largest movements
Assets
- Receivables within one year -€88,176
no longer reported in 2025 (was €88,176)
of which Trade receivables: -€87,373
- Tangible fixed assets -€19,394
down €19,394 (-50.0%), from €38,769 to €19,375
Equity and liabilities
- Other debts -€89,467
down €89,467 (-100.0%), from €89,479 to €11
- Profit (loss) carried forward -€17,914
down €17,914, from €0 to -€17,914
Income statement
- Gross operating margin -€26,105
down €26,105 (-93.4%), from €27,955 to €1,850
- Other operating charges -€692
down €692 (-85.2%), from €812 to €120
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€7,455
Gross operating margin
-€26,105
Depreciation
+€114
Other operating charges
+€692
Financial charges
-€71
Result 2025
-€17,914
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€60
Investment
€0
Financing
+€38
Cash 2024
€22
From operations (derived)
-€60
Net result for the year
-€17,914
Depreciation
+€19,394
Receivables within one year
+€88,176
Trade debts
-€249
Other debts
-€89,467
Financing
+€38
Short-term financial debts
+€38
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,967 | €19,375 | -€107,592 | -84.7% |
| Fixed assets | 21/28 | €38,769 | €19,375 | -€19,394 | -50.0% |
| Tangible fixed assets | 22/27 | €38,769 | €19,375 | -€19,394 | -50.0% |
| Other tangible fixed assets | 26 | €38,769 | €19,375 | -€19,394 | -50.0% |
| Current assets | 29/58 | €88,198 | - | -€88,198 | |
| Amounts receivable within one year | 40/41 | €88,176 | - | -€88,176 | |
| Trade receivables | 40 | €87,373 | - | -€87,373 | |
| Other amounts receivable | 41 | €804 | - | -€804 | |
| Cash at bank and in hand | 54/58 | €22 | - | -€22 | |
| Total equity and liabilities | 10/49 | €126,967 | €19,375 | -€107,592 | -84.7% |
| Equity | 10/15 | €36,999 | €19,085 | -€17,914 | -48.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,799 | €30,799 | = | 0.0% |
| 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 | €28,939 | €28,939 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€17,914 | -€17,914 | |
| Amounts payable | 17/49 | €89,968 | €290 | -€89,678 | -99.7% |
| Amounts payable within one year | 42/48 | €89,968 | €290 | -€89,678 | -99.7% |
| Financial debts | 43 | - | €38 | +€38 | |
| Credit institutions | 430/8 | - | €38 | +€38 | |
| Trade debts | 44 | €249 | - | -€249 | |
| Suppliers | 440/4 | €249 | - | -€249 | |
| Taxes, remuneration and social security | 45 | €240 | €240 | = | 0.0% |
| Taxes | 450/3 | €240 | €240 | = | 0.0% |
| Other amounts payable | 47/48 | €89,479 | €11 | -€89,467 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,508 | €19,394 | -€114 | -0.6% |
| Other operating charges | 640/8 | €812 | €120 | -€692 | -85.2% |
| Gross operating margin | 9900 | €27,955 | €1,850 | -€26,105 | -93.4% |
| Operating profit (loss) | 9901 | €7,635 | -€17,664 | -€25,299 | |
| Financial charges | 65/66B | €179 | €250 | +€71 | +39.5% |
| Recurring financial charges | 65 | €179 | €250 | +€71 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €7,455 | -€17,914 | -€25,369 | |
| Profit (loss) for the period | 9904 | €7,455 | -€17,914 | -€25,369 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,455 | -€17,914 | -€25,369 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.