Gaspar Ventures: 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 Ventures
Largest movements
- Cash +€17,703
up €17,703 (+213%), from €8,322 to €26,025
mainly Net result for the year (+€55,674) and Other debts (+€24,933)
- Receivables within one year +€5,426
up €5,426 (+430%), from €1,262 to €6,688
- Tangible fixed assets +€1,762
up €1,762 (+18.9%), from €9,309 to €11,071
of which Furniture and vehicles: +€5,387
- Deferred charges and accrued income +€460
up €460 (+43.1%), from €1,068 to €1,528
- Other debts +€24,933
new in 2025: €24,933
- Tax, wage and social debts +€9,072
up €9,072 (+101%), from €8,972 to €18,045
- Profit (loss) carried forward -€8,658
no longer reported in 2025 (was €8,658)
- Gross operating margin +€32,195
up €32,195 (+60.1%), from €53,541 to €85,737
- Taxes +€7,664
up €7,664 (+60.1%), from €12,761 to €20,425
- Depreciation +€1,250
up €1,250 (+28.6%), from €4,375 to €5,625
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 | €19,961 | €45,312 | +€25,351 | +127% |
| Fixed assets | 21/28 | €9,309 | €11,071 | +€1,762 | +18.9% |
| Tangible fixed assets | 22/27 | €9,309 | €11,071 | +€1,762 | +18.9% |
| Furniture and vehicles | 24 | €760 | €6,147 | +€5,387 | +709% |
| Leasing and similar rights | 25 | €8,549 | €4,923 | -€3,625 | -42.4% |
| Current assets | 29/58 | €10,652 | €34,241 | +€23,589 | +221% |
| Amounts receivable within one year | 40/41 | €1,262 | €6,688 | +€5,426 | +430% |
| Other amounts receivable | 41 | €1,262 | €6,688 | +€5,426 | +430% |
| Cash at bank and in hand | 54/58 | €8,322 | €26,025 | +€17,703 | +213% |
| Deferred charges and accrued income | 490/1 | €1,068 | €1,528 | +€460 | +43.1% |
| Total equity and liabilities | 10/49 | €19,961 | €45,312 | +€25,351 | +127% |
| Equity | 10/15 | €9,658 | €1,000 | -€8,658 | -89.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,658 | - | -€8,658 | |
| Amounts payable | 17/49 | €10,302 | €44,312 | +€34,009 | +330% |
| Amounts payable within one year | 42/48 | €10,302 | €44,312 | +€34,009 | +330% |
| Trade debts | 44 | €1,330 | €1,335 | +€4 | +0.3% |
| Suppliers | 440/4 | €1,330 | €1,335 | +€4 | +0.3% |
| Taxes, remuneration and social security | 45 | €8,972 | €18,045 | +€9,072 | +101% |
| Taxes | 450/3 | €8,972 | €18,045 | +€9,072 | +101% |
| Other amounts payable | 47/48 | - | €24,933 | +€24,933 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,375 | €5,625 | +€1,250 | +28.6% |
| Other operating charges | 640/8 | €1,730 | €987 | -€743 | -43.0% |
| Gross operating margin | 9900 | €53,541 | €85,737 | +€32,195 | +60.1% |
| Operating profit (loss) | 9901 | €47,436 | €79,125 | +€31,689 | +66.8% |
| Financial income | 75/76B | €37 | €18 | -€20 | -52.1% |
| Recurring financial income | 75 | €37 | €18 | -€20 | -52.1% |
| Financial charges | 65/66B | €3,315 | €3,045 | -€270 | -8.1% |
| Recurring financial charges | 65 | €3,315 | €3,045 | -€270 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €44,159 | €76,099 | +€31,940 | +72.3% |
| Income taxes | 67/77 | €12,761 | €20,425 | +€7,664 | +60.1% |
| Profit (loss) for the period | 9904 | €31,398 | €55,674 | +€24,276 | +77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,398 | €55,674 | +€24,276 | +77.3% |
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 25 October 2026 via checked.be.