Gasac: 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.
Gasac
Largest movements
- Cash +€15,111
up €15,111 (+98.1%), from €15,408 to €30,519
mainly Net result for the year (+€20,756) and Tax, wage and social debts (+€3,105)
- Receivables within one year -€2,849
down €2,849 (-17.8%), from €16,034 to €13,184
of which Trade receivables: -€2,818
- Profit (loss) carried forward +€20,756
up €20,756 (+151.0%), from €13,743 to €34,499
- Other debts -€13,644
down €13,644 (-77.9%), from €17,511 to €3,867
- Tax, wage and social debts +€3,105
new in 2025: €3,105
- Trade debts +€1,366
up €1,366 (+525.3%), from €260 to €1,626
- Gross operating margin +€8,311
up €8,311 (+33.1%), from €25,082 to €33,392
- Taxes +€1,510
up €1,510 (+34.9%), from €4,327 to €5,837
- Financial charges +€1,005
up €1,005 (+46.5%), from €2,160 to €3,165
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 | €34,514 | €46,097 | +€11,583 | +33.6% |
| Formation expenses | 20 | €1,150 | €804 | -€346 | -30.1% |
| Fixed assets | 21/28 | €1,679 | €1,329 | -€349 | -20.8% |
| Tangible fixed assets | 22/27 | €1,679 | €1,329 | -€349 | -20.8% |
| Furniture and vehicles | 24 | €1,679 | €1,329 | -€349 | -20.8% |
| Current assets | 29/58 | €31,685 | €43,964 | +€12,278 | +38.8% |
| Amounts receivable within one year | 40/41 | €16,034 | €13,184 | -€2,849 | -17.8% |
| Trade receivables | 40 | €13,839 | €11,022 | -€2,818 | -20.4% |
| Other amounts receivable | 41 | €2,194 | €2,163 | -€31 | -1.4% |
| Cash at bank and in hand | 54/58 | €15,408 | €30,519 | +€15,111 | +98.1% |
| Deferred charges and accrued income | 490/1 | €244 | €260 | +€16 | +6.8% |
| Total equity and liabilities | 10/49 | €34,514 | €46,097 | +€11,583 | +33.6% |
| Equity | 10/15 | €16,743 | €37,499 | +€20,756 | +124.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,743 | €34,499 | +€20,756 | +151.0% |
| Amounts payable | 17/49 | €17,771 | €8,598 | -€9,173 | -51.6% |
| Amounts payable within one year | 42/48 | €17,771 | €8,598 | -€9,173 | -51.6% |
| Trade debts | 44 | €260 | €1,626 | +€1,366 | +525.3% |
| Suppliers | 440/4 | €260 | €1,626 | +€1,366 | +525.3% |
| Taxes, remuneration and social security | 45 | - | €3,105 | +€3,105 | |
| Taxes | 450/3 | - | €3,105 | +€3,105 | |
| Other amounts payable | 47/48 | €17,511 | €3,867 | -€13,644 | -77.9% |
| Remuneration, social security and pensions | 62 | €2,170 | €2,170 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,367 | €1,466 | +€99 | +7.2% |
| Gross operating margin | 9900 | €25,082 | €33,392 | +€8,311 | +33.1% |
| Operating profit (loss) | 9901 | €21,545 | €29,756 | +€8,212 | +38.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,160 | €3,165 | +€1,005 | +46.5% |
| Recurring financial charges | 65 | €2,160 | €3,165 | +€1,005 | +46.5% |
| Profit (loss) for the period before taxes | 9903 | €19,385 | €26,593 | +€7,208 | +37.2% |
| Income taxes | 67/77 | €4,327 | €5,837 | +€1,510 | +34.9% |
| Profit (loss) for the period | 9904 | €15,058 | €20,756 | +€5,698 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,058 | €20,756 | +€5,698 | +37.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.