GASCAP: 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.
GASCAP
Largest movements
- Cash +€41,349
up €41,349 (+126.0%), from €32,805 to €74,154
mainly Net result for the year (+€23,263) and Depreciation (+€13,310)
- Tangible fixed assets -€23,143
down €23,143 (-60.2%), from €38,452 to €15,310
- Receivables within one year -€1,374
down €1,374 (-5.6%), from €24,377 to €23,003
of which Trade receivables: -€688
- Reserves +€23,263
up €23,263 (+188.6%), from €12,333 to €35,596
- Current portion of long-term debt -€10,997
down €10,997 (-41.8%), from €26,318 to €15,321
- Debts after one year +€7,679
up €7,679 (+69.0%), from €11,124 to €18,802
- Tax, wage and social debts -€6,600
down €6,600 (-61.1%), from €10,800 to €4,200
of which Taxes: -€4,200
- Trade debts +€3,579
up €3,579 (+66.3%), from €5,400 to €8,979
- Gross operating margin +€17,475
up €17,475 (+63.4%), from €27,578 to €45,053
- Depreciation -€13,833
down €13,833 (-51.0%), from €27,143 to €13,310
- Financial charges +€5,446
up €5,446 (+251.8%), from €2,163 to €7,609
of which Non-recurring financial charges: +€5,433
- Other operating charges +€618
up €618 (+243.6%), from €254 to €871
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 | €97,728 | €114,804 | +€17,076 | +17.5% |
| Fixed assets | 21/28 | €38,452 | €15,310 | -€23,143 | -60.2% |
| Tangible fixed assets | 22/27 | €38,452 | €15,310 | -€23,143 | -60.2% |
| Furniture and vehicles | 24 | €38,452 | €15,310 | -€23,143 | -60.2% |
| Current assets | 29/58 | €59,276 | €99,495 | +€40,219 | +67.9% |
| Amounts receivable within one year | 40/41 | €24,377 | €23,003 | -€1,374 | -5.6% |
| Trade receivables | 40 | €22,451 | €21,763 | -€688 | -3.1% |
| Other amounts receivable | 41 | €1,926 | €1,240 | -€686 | -35.6% |
| Cash at bank and in hand | 54/58 | €32,805 | €74,154 | +€41,349 | +126.0% |
| Deferred charges and accrued income | 490/1 | €2,094 | €2,337 | +€243 | +11.6% |
| Total equity and liabilities | 10/49 | €97,728 | €114,804 | +€17,076 | +17.5% |
| Equity | 10/15 | €27,333 | €50,596 | +€23,263 | +85.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | €15,000 | = | 0.0% |
| Issued capital | 100 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €12,333 | €35,596 | +€23,263 | +188.6% |
| Distributable reserves | 133 | €12,333 | €35,596 | +€23,263 | +188.6% |
| Amounts payable | 17/49 | €70,395 | €64,208 | -€6,187 | -8.8% |
| Amounts payable after more than one year | 17 | €11,124 | €18,802 | +€7,679 | +69.0% |
| Financial debts | 170/4 | €11,124 | €18,802 | +€7,679 | +69.0% |
| Amounts payable within one year | 42/48 | €59,272 | €45,406 | -€13,866 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €26,318 | €15,321 | -€10,997 | -41.8% |
| Trade debts | 44 | €5,400 | €8,979 | +€3,579 | +66.3% |
| Suppliers | 440/4 | €5,400 | €8,979 | +€3,579 | +66.3% |
| Taxes, remuneration and social security | 45 | €10,800 | €4,200 | -€6,600 | -61.1% |
| Taxes | 450/3 | €8,400 | €4,200 | -€4,200 | -50.0% |
| Remuneration and social security | 454/9 | €2,400 | €0 | -€2,400 | -100.0% |
| Other amounts payable | 47/48 | €16,753 | €16,906 | +€153 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,143 | €13,310 | -€13,833 | -51.0% |
| Other operating charges | 640/8 | €254 | €871 | +€618 | +243.6% |
| Gross operating margin | 9900 | €27,578 | €45,053 | +€17,475 | +63.4% |
| Operating profit (loss) | 9901 | €182 | €30,872 | +€30,690 | +16903.8% |
| Financial charges | 65/66B | €2,163 | €7,609 | +€5,446 | +251.8% |
| Recurring financial charges | 65 | €2,163 | €2,176 | +€13 | +0.6% |
| Non-recurring financial charges | 66B | - | €5,433 | +€5,433 | |
| Profit (loss) for the period before taxes | 9903 | -€1,981 | €23,263 | +€25,244 | |
| Profit (loss) for the period | 9904 | -€1,981 | €23,263 | +€25,244 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,981 | €23,263 | +€25,244 |
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 30 September 2026 via checked.be.