GAP Workshop: 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.
GAP Workshop
Largest movements
- Cash +€31,225
up €31,225 (+490%), from €6,370 to €37,594
mainly Net result for the year (+€35,853) and Tax, wage and social debts (+€17,016)
- Stocks and contracts +€7,299
up €7,299 (+593%), from €1,231 to €8,530
- Tangible fixed assets +€4,286
up €4,286 (+13.1%), from €32,758 to €37,044
of which Furniture and vehicles: +€2,389
- Intangible fixed assets -€3,427
down €3,427 (-16.0%), from €21,425 to €17,998
- Receivables within one year -€2,379
down €2,379 (-59.7%), from €3,987 to €1,608
of which Trade receivables: -€2,381
- Reserves +€35,853
up €35,853 (+686%), from €5,223 to €41,075
- Tax, wage and social debts +€17,016
up €17,016 (+249%), from €6,830 to €23,846
of which Taxes: +€17,434
- Other debts -€10,751
down €10,751 (-43.4%), from €24,770 to €14,019
- Debts after one year -€4,256
down €4,256 (-31.7%), from €13,421 to €9,165
- Current portion of long-term debt -€3,171
down €3,171 (-42.7%), from €7,427 to €4,256
- Gross operating margin +€56,552
up €56,552 (+224%), from €25,204 to €81,756
- Taxes +€10,967
up €10,967 (+1,177%), from €932 to €11,899
- Staff costs +€9,525
up €9,525 (+123%), from €7,743 to €17,269
- Depreciation +€3,015
up €3,015 (+27.5%), from €10,944 to €13,959
- Financial income -€879
down €879 (-60.5%), from €1,453 to €573
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 | €65,814 | €102,883 | +€37,070 | +56.3% |
| Fixed assets | 21/28 | €54,183 | €55,041 | +€859 | +1.6% |
| Intangible fixed assets | 21 | €21,425 | €17,998 | -€3,427 | -16.0% |
| Tangible fixed assets | 22/27 | €32,758 | €37,044 | +€4,286 | +13.1% |
| Plant, machinery and equipment | 23 | €10,547 | €12,352 | +€1,805 | +17.1% |
| Furniture and vehicles | 24 | €9,506 | €11,895 | +€2,389 | +25.1% |
| Other tangible fixed assets | 26 | €12,704 | €12,796 | +€92 | +0.7% |
| Current assets | 29/58 | €11,631 | €47,842 | +€36,211 | +311% |
| Stocks and contracts in progress | 3 | €1,231 | €8,530 | +€7,299 | +593% |
| Stocks | 30/36 | €1,231 | €8,530 | +€7,299 | +593% |
| Amounts receivable within one year | 40/41 | €3,987 | €1,608 | -€2,379 | -59.7% |
| Trade receivables | 40 | €3,983 | €1,603 | -€2,381 | -59.8% |
| Other amounts receivable | 41 | €4 | €5 | +€1 | +33.3% |
| Cash at bank and in hand | 54/58 | €6,370 | €37,594 | +€31,225 | +490% |
| Deferred charges and accrued income | 490/1 | €43 | €110 | +€67 | +158% |
| Total equity and liabilities | 10/49 | €65,814 | €102,883 | +€37,070 | +56.3% |
| Equity | 10/15 | €10,223 | €46,075 | +€35,853 | +351% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,223 | €41,075 | +€35,853 | +686% |
| Distributable reserves | 133 | €5,223 | €41,075 | +€35,853 | +686% |
| Amounts payable | 17/49 | €55,591 | €56,808 | +€1,217 | +2.2% |
| Amounts payable after more than one year | 17 | €13,421 | €9,165 | -€4,256 | -31.7% |
| Financial debts | 170/4 | €13,421 | €9,165 | -€4,256 | -31.7% |
| Amounts payable within one year | 42/48 | €42,170 | €47,643 | +€5,473 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €7,427 | €4,256 | -€3,171 | -42.7% |
| Trade debts | 44 | €3,143 | €5,522 | +€2,379 | +75.7% |
| Suppliers | 440/4 | €3,143 | €5,522 | +€2,379 | +75.7% |
| Taxes, remuneration and social security | 45 | €6,830 | €23,846 | +€17,016 | +249% |
| Taxes | 450/3 | €4,523 | €21,957 | +€17,434 | +385% |
| Remuneration and social security | 454/9 | €2,308 | €1,889 | -€418 | -18.1% |
| Other amounts payable | 47/48 | €24,770 | €14,019 | -€10,751 | -43.4% |
| Remuneration, social security and pensions | 62 | €7,743 | €17,269 | +€9,525 | +123% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,944 | €13,959 | +€3,015 | +27.5% |
| Other operating charges | 640/8 | €600 | €1,273 | +€673 | +112% |
| Gross operating margin | 9900 | €25,204 | €81,756 | +€56,552 | +224% |
| Operating profit (loss) | 9901 | €5,916 | €49,255 | +€43,339 | +733% |
| Financial income | 75/76B | €1,453 | €573 | -€879 | -60.5% |
| Recurring financial income | 75 | €1,453 | €573 | -€879 | -60.5% |
| Financial charges | 65/66B | €1,214 | €2,077 | +€863 | +71.0% |
| Recurring financial charges | 65 | €1,214 | €2,077 | +€863 | +71.0% |
| Profit (loss) for the period before taxes | 9903 | €6,155 | €47,751 | +€41,597 | +676% |
| Income taxes | 67/77 | €932 | €11,899 | +€10,967 | +1,177% |
| Profit (loss) for the period | 9904 | €5,223 | €35,853 | +€30,630 | +586% |
| Profit (loss) for the period to be appropriated | 9905 | €5,223 | €35,853 | +€30,630 | +586% |
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 17 October 2026 via checked.be.