GAPARI: what changed
Two fiscal 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.
GAPARI
Largest movements
- Tangible fixed assets -€32,781
down €32,781 (-5.1%), from €645,655 to €612,874
- Cash +€14,422
up €14,422 (+60.5%), from €23,847 to €38,270
mainly Depreciation (+€25,860) and Net result for the year (+€24,658)
- Debts after one year -€45,001
down €45,001 (-14.4%), from €313,400 to €268,399
- Profit (loss) carried forward +€24,658
up €24,658 (+15.2%), from €161,876 to €186,534
- Gross operating margin +€5,915
up €5,915 (+9.2%), from €64,313 to €70,227
- Taxes +€2,126
up €2,126 (+29.9%), from €7,110 to €9,236
- Financial charges -€1,287
down €1,287 (-15.1%), from €8,509 to €7,221
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.
Cash bridge derived
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 | €672,372 | €653,630 | -€18,742 | -2.8% |
| Fixed assets | 21/28 | €645,655 | €612,874 | -€32,781 | -5.1% |
| Tangible fixed assets | 22/27 | €645,655 | €612,874 | -€32,781 | -5.1% |
| Land and buildings | 22 | €645,655 | €612,874 | -€32,781 | -5.1% |
| Current assets | 29/58 | €26,717 | €40,756 | +€14,039 | +52.5% |
| Cash at bank and in hand | 54/58 | €23,847 | €38,270 | +€14,422 | +60.5% |
| Deferred charges and accrued income | 490/1 | €2,870 | €2,486 | -€383 | -13.4% |
| Total equity and liabilities | 10/49 | €672,372 | €653,630 | -€18,742 | -2.8% |
| Equity | 10/15 | €230,047 | €254,705 | +€24,658 | +10.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,876 | €186,534 | +€24,658 | +15.2% |
| Amounts payable | 17/49 | €442,325 | €398,925 | -€43,400 | -9.8% |
| Amounts payable after more than one year | 17 | €313,400 | €268,399 | -€45,001 | -14.4% |
| Financial debts | 170/4 | €313,400 | €268,399 | -€45,001 | -14.4% |
| Amounts payable within one year | 42/48 | €128,925 | €130,526 | +€1,601 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €43,684 | €45,001 | +€1,316 | +3.0% |
| Trade debts | 44 | €4,550 | €3,872 | -€678 | -14.9% |
| Suppliers | 440/4 | €4,550 | €3,872 | -€678 | -14.9% |
| Taxes, remuneration and social security | 45 | €7,110 | €9,236 | +€2,126 | +29.9% |
| Taxes | 450/3 | €7,110 | €9,236 | +€2,126 | +29.9% |
| Other amounts payable | 47/48 | €73,581 | €72,417 | -€1,164 | -1.6% |
| Non-recurring operating income | 76A | - | €4,477 | +€4,477 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,812 | €25,860 | +€48 | +0.2% |
| Other operating charges | 640/8 | €3,349 | €3,252 | -€97 | -2.9% |
| Gross operating margin | 9900 | €64,313 | €70,227 | +€5,915 | +9.2% |
| Operating profit (loss) | 9901 | €35,152 | €41,115 | +€5,964 | +17.0% |
| Financial charges | 65/66B | €8,509 | €7,221 | -€1,287 | -15.1% |
| Recurring financial charges | 65 | €8,509 | €7,221 | -€1,287 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €26,643 | €33,894 | +€7,251 | +27.2% |
| Income taxes | 67/77 | €7,110 | €9,236 | +€2,126 | +29.9% |
| Profit (loss) for the period | 9904 | €19,533 | €24,658 | +€5,125 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,533 | €24,658 | +€5,125 | +26.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.