Gaspar Ndabi: 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.
Gaspar Ndabi
Largest movements
- Receivables within one year -€25,254
down €25,254 (-81.5%), from €30,992 to €5,738
of which Other amounts receivable: -€21,593
- Cash +€21,925
up €21,925 (+51.4%), from €42,652 to €64,578
mainly Net result for the year (+€39,636) and Receivables within one year (+€25,254)
- Tangible fixed assets +€2,006
up €2,006 (+107%), from €1,868 to €3,874
- Trade debts -€3,074
down €3,074 (-70.9%), from €4,337 to €1,263
- Tax, wage and social debts +€2,274
up €2,274 (+12.2%), from €18,704 to €20,979
- Other debts -€1,114
down €1,114 (-2.3%), from €48,047 to €46,932
- Gross operating margin -€6,492
down €6,492 (-10.7%), from €60,514 to €54,022
- Financial income -€3,757
down €3,757 (-77.8%), from €4,827 to €1,070
- Taxes -€1,895
down €1,895 (-14.6%), from €13,013 to €11,118
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 | €76,876 | €75,237 | -€1,638 | -2.1% |
| Fixed assets | 21/28 | €1,868 | €3,874 | +€2,006 | +107% |
| Tangible fixed assets | 22/27 | €1,868 | €3,874 | +€2,006 | +107% |
| Furniture and vehicles | 24 | €1,868 | €3,874 | +€2,006 | +107% |
| Current assets | 29/58 | €75,008 | €71,364 | -€3,644 | -4.9% |
| Amounts receivable within one year | 40/41 | €30,992 | €5,738 | -€25,254 | -81.5% |
| Trade receivables | 40 | €8,517 | €4,856 | -€3,661 | -43.0% |
| Other amounts receivable | 41 | €22,475 | €882 | -€21,593 | -96.1% |
| Cash at bank and in hand | 54/58 | €42,652 | €64,578 | +€21,925 | +51.4% |
| Deferred charges and accrued income | 490/1 | €1,363 | €1,049 | -€315 | -23.1% |
| Total equity and liabilities | 10/49 | €76,876 | €75,237 | -€1,638 | -2.1% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €74,876 | €73,237 | -€1,638 | -2.2% |
| Amounts payable within one year | 42/48 | €74,876 | €73,237 | -€1,638 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €3,787 | €4,063 | +€275 | +7.3% |
| Trade debts | 44 | €4,337 | €1,263 | -€3,074 | -70.9% |
| Suppliers | 440/4 | €4,337 | €1,263 | -€3,074 | -70.9% |
| Taxes, remuneration and social security | 45 | €18,704 | €20,979 | +€2,274 | +12.2% |
| Taxes | 450/3 | €18,704 | €20,979 | +€2,274 | +12.2% |
| Other amounts payable | 47/48 | €48,047 | €46,932 | -€1,114 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €727 | €1,002 | +€275 | +37.8% |
| Other operating charges | 640/8 | €1,447 | €1,427 | -€20 | -1.4% |
| Gross operating margin | 9900 | €60,514 | €54,022 | -€6,492 | -10.7% |
| Operating profit (loss) | 9901 | €58,340 | €51,593 | -€6,747 | -11.6% |
| Financial income | 75/76B | €4,827 | €1,070 | -€3,757 | -77.8% |
| Recurring financial income | 75 | €4,827 | €1,070 | -€3,757 | -77.8% |
| Financial charges | 65/66B | €2,107 | €1,908 | -€198 | -9.4% |
| Recurring financial charges | 65 | €2,107 | €1,908 | -€198 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €61,060 | €50,755 | -€10,305 | -16.9% |
| Income taxes | 67/77 | €13,013 | €11,118 | -€1,895 | -14.6% |
| Profit (loss) for the period | 9904 | €48,047 | €39,636 | -€8,410 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,047 | €39,636 | -€8,410 | -17.5% |
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 31 October 2026 via checked.be.