Gantoise: 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.
Gantoise
Largest movements
- Cash +€117,246
up €117,246 (+443%), from €26,453 to €143,699
mainly Depreciation (+€57,661) and Trade debts (+€48,254)
- Tangible fixed assets -€57,661
down €57,661 (-25.2%), from €228,514 to €170,853
of which Plant, machinery and equipment: -€40,209
- Receivables within one year +€42,808
up €42,808 (+35.9%), from €119,373 to €162,181
of which Trade receivables: +€42,808
- Trade debts +€48,254
up €48,254 (+50.1%), from €96,324 to €144,579
- Tax, wage and social debts +€41,775
up €41,775 (+88.7%), from €47,087 to €88,862
of which Remuneration and social security: +€24,253
- Accrued charges and deferred income +€13,117
up €13,117 (+279%), from €4,700 to €17,817
- Debts after one year -€12,085
down €12,085 (-16.0%), from €75,562 to €63,477
- Profit (loss) carried forward +€11,332
up €11,332 (+5.4%), from €208,945 to €220,277
- Staff costs +€184,414
up €184,414 (+72.5%), from €254,300 to €438,714
- Gross operating margin -€150,491
down €150,491 (-20.2%), from €745,370 to €594,880
- Other operating charges +€77,434
up €77,434 (+2,639%), from €2,934 to €80,368
- Financial charges -€18,328
down €18,328 (-72.9%), from €25,134 to €6,806
- Depreciation +€16,677
up €16,677 (+40.7%), from €40,984 to €57,661
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 | €432,619 | €535,011 | +€102,392 | +23.7% |
| Fixed assets | 21/28 | €286,793 | €229,132 | -€57,661 | -20.1% |
| Tangible fixed assets | 22/27 | €228,514 | €170,853 | -€57,661 | -25.2% |
| Plant, machinery and equipment | 23 | €137,081 | €96,872 | -€40,209 | -29.3% |
| Other tangible fixed assets | 26 | €91,433 | €73,981 | -€17,452 | -19.1% |
| Financial fixed assets | 28 | €58,279 | €58,279 | = | 0.0% |
| Current assets | 29/58 | €145,826 | €305,879 | +€160,053 | +110% |
| Amounts receivable within one year | 40/41 | €119,373 | €162,181 | +€42,808 | +35.9% |
| Trade receivables | 40 | €119,373 | €162,181 | +€42,808 | +35.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €26,453 | €143,699 | +€117,246 | +443% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €432,619 | €535,011 | +€102,392 | +23.7% |
| Equity | 10/15 | €208,945 | €220,277 | +€11,332 | +5.4% |
| Profit (loss) carried forward | 14 | €208,945 | €220,277 | +€11,332 | +5.4% |
| Amounts payable | 17/49 | €223,673 | €314,734 | +€91,061 | +40.7% |
| Amounts payable after more than one year | 17 | €75,562 | €63,477 | -€12,085 | -16.0% |
| Financial debts | 170/4 | €75,562 | €63,477 | -€12,085 | -16.0% |
| Amounts payable within one year | 42/48 | €143,411 | €233,441 | +€90,029 | +62.8% |
| Trade debts | 44 | €96,324 | €144,579 | +€48,254 | +50.1% |
| Suppliers | 440/4 | €96,324 | €144,579 | +€48,254 | +50.1% |
| Taxes, remuneration and social security | 45 | €47,087 | €88,862 | +€41,775 | +88.7% |
| Taxes | 450/3 | €7,206 | €24,728 | +€17,522 | +243% |
| Remuneration and social security | 454/9 | €39,881 | €64,134 | +€24,253 | +60.8% |
| Accrued charges and deferred income | 492/3 | €4,700 | €17,817 | +€13,117 | +279% |
| Non-recurring operating income | 76A | €470,339 | €0 | -€470,339 | -100% |
| Remuneration, social security and pensions | 62 | €254,300 | €438,714 | +€184,414 | +72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,984 | €57,661 | +€16,677 | +40.7% |
| Other operating charges | 640/8 | €2,934 | €80,368 | +€77,434 | +2,639% |
| Non-recurring operating charges | 66A | €243,169 | €0 | -€243,169 | -100% |
| Gross operating margin | 9900 | €745,370 | €594,880 | -€150,491 | -20.2% |
| Operating profit (loss) | 9901 | €203,983 | €18,137 | -€185,846 | -91.1% |
| Financial income | 75/76B | €659 | €0 | -€659 | -100% |
| Recurring financial income | 75 | €659 | €0 | -€659 | -100% |
| Financial charges | 65/66B | €25,134 | €6,806 | -€18,328 | -72.9% |
| Recurring financial charges | 65 | €25,134 | €6,806 | -€18,328 | -72.9% |
| Profit (loss) for the period before taxes | 9903 | €179,508 | €11,332 | -€168,176 | -93.7% |
| Profit (loss) for the period | 9904 | €179,508 | €11,332 | -€168,176 | -93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €179,508 | €11,332 | -€168,176 | -93.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.