Gashi: 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.
Gashi
Largest movements
- Cash +€159,197
up €159,197 (+172.7%), from €92,167 to €251,364
mainly Net result for the year (+€183,447) and Deferred charges and accrued income (+€51,783)
- Receivables within one year +€107,432
up €107,432 (+2460.1%), from €4,367 to €111,799
- Deferred charges and accrued income -€51,783
down €51,783 (-54.2%), from €95,494 to €43,711
- Tangible fixed assets -€25,932
down €25,932 (-38.9%), from €66,703 to €40,771
of which Furniture and vehicles: -€36,749
- Profit (loss) carried forward +€183,447
up €183,447 (+88.8%), from €206,590 to €390,037
- Trade debts -€25,153
down €25,153 (-88.5%), from €28,432 to €3,279
- Other debts +€15,670
up €15,670 (+206.2%), from €7,598 to €23,268
- Tax, wage and social debts +€13,432
up €13,432 (+219.8%), from €6,110 to €19,542
- Gross operating margin +€125,897
up €125,897 (+69.9%), from €180,197 to €306,094
- Taxes +€31,284
up €31,284 (+89.1%), from €35,112 to €66,397
- Staff costs +€5,376
up €5,376 (+61.0%), from €8,819 to €14,195
- Depreciation +€4,172
up €4,172 (+11.6%), from €35,955 to €40,127
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 | €258,731 | €447,645 | +€188,914 | +73.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €66,703 | €40,771 | -€25,932 | -38.9% |
| Tangible fixed assets | 22/27 | €66,703 | €40,771 | -€25,932 | -38.9% |
| Plant, machinery and equipment | 23 | €1,357 | €12,174 | +€10,817 | +797.4% |
| Furniture and vehicles | 24 | €65,346 | €28,597 | -€36,749 | -56.2% |
| Current assets | 29/58 | €192,028 | €406,874 | +€214,846 | +111.9% |
| Amounts receivable within one year | 40/41 | €4,367 | €111,799 | +€107,432 | +2460.1% |
| Trade receivables | 40 | €4,367 | €111,799 | +€107,432 | +2460.1% |
| Cash at bank and in hand | 54/58 | €92,167 | €251,364 | +€159,197 | +172.7% |
| Deferred charges and accrued income | 490/1 | €95,494 | €43,711 | -€51,783 | -54.2% |
| Total equity and liabilities | 10/49 | €258,731 | €447,645 | +€188,914 | +73.0% |
| Equity | 10/15 | €216,590 | €400,037 | +€183,447 | +84.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €206,590 | €390,037 | +€183,447 | +88.8% |
| Amounts payable | 17/49 | €42,141 | €47,608 | +€5,468 | +13.0% |
| Amounts payable within one year | 42/48 | €42,141 | €46,089 | +€3,949 | +9.4% |
| Trade debts | 44 | €28,432 | €3,279 | -€25,153 | -88.5% |
| Suppliers | 440/4 | €28,432 | €3,279 | -€25,153 | -88.5% |
| Taxes, remuneration and social security | 45 | €6,110 | €19,542 | +€13,432 | +219.8% |
| Taxes | 450/3 | €6,110 | €19,542 | +€13,432 | +219.8% |
| Other amounts payable | 47/48 | €7,598 | €23,268 | +€15,670 | +206.2% |
| Accrued charges and deferred income | 492/3 | - | €1,519 | +€1,519 | |
| Remuneration, social security and pensions | 62 | €8,819 | €14,195 | +€5,376 | +61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,955 | €40,127 | +€4,172 | +11.6% |
| Other operating charges | 640/8 | €2,376 | €1,663 | -€713 | -30.0% |
| Gross operating margin | 9900 | €180,197 | €306,094 | +€125,897 | +69.9% |
| Operating profit (loss) | 9901 | €133,047 | €250,109 | +€117,062 | +88.0% |
| Financial income | 75/76B | €14 | €1 | -€13 | -94.0% |
| Recurring financial income | 75 | €14 | €1 | -€13 | -94.0% |
| Financial charges | 65/66B | €61 | €266 | +€205 | +337.4% |
| Recurring financial charges | 65 | €61 | €266 | +€205 | +337.4% |
| Profit (loss) for the period before taxes | 9903 | €133,000 | €249,844 | +€116,844 | +87.9% |
| Income taxes | 67/77 | €35,112 | €66,397 | +€31,284 | +89.1% |
| Profit (loss) for the period | 9904 | €97,888 | €183,447 | +€85,559 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €97,888 | €183,447 | +€85,559 | +87.4% |
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 12 October 2026 via checked.be.