Gaspard: 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.
Gaspard
Largest movements
- Cash +€60,607
up €60,607 (+248.6%), from €24,379 to €84,986
mainly Net result for the year (+€61,778) and Receivables within one year (+€5,291)
- Receivables within one year -€5,291
down €5,291 (-19.9%), from €26,618 to €21,327
of which Trade receivables: -€5,630
- Stocks and contracts -€3,696
down €3,696 (-19.8%), from €18,702 to €15,006
- Tangible fixed assets -€2,360
down €2,360 (-19.2%), from €12,311 to €9,951
of which Plant, machinery and equipment: -€1,478
- Reserves +€61,778
up €61,778 (+87.3%), from €70,730 to €132,508
- Trade debts -€11,961
down €11,961 (-96.6%), from €12,383 to €422
- Gross operating margin +€42,144
up €42,144 (+105.9%), from €39,802 to €81,945
- Taxes +€5,844
up €5,844 (+57.4%), from €10,177 to €16,021
- Depreciation +€1,028
up €1,028 (+39.3%), from €2,618 to €3,647
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 | €89,453 | €138,330 | +€48,877 | +54.6% |
| Fixed assets | 21/28 | €18,061 | €15,701 | -€2,360 | -13.1% |
| Tangible fixed assets | 22/27 | €12,311 | €9,951 | -€2,360 | -19.2% |
| Plant, machinery and equipment | 23 | €8,202 | €6,724 | -€1,478 | -18.0% |
| Furniture and vehicles | 24 | €4,109 | €3,227 | -€882 | -21.5% |
| Financial fixed assets | 28 | €5,750 | €5,750 | = | 0.0% |
| Current assets | 29/58 | €71,392 | €122,629 | +€51,238 | +71.8% |
| Stocks and contracts in progress | 3 | €18,702 | €15,006 | -€3,696 | -19.8% |
| Stocks | 30/36 | €18,702 | €15,006 | -€3,696 | -19.8% |
| Amounts receivable within one year | 40/41 | €26,618 | €21,327 | -€5,291 | -19.9% |
| Trade receivables | 40 | €20,103 | €14,473 | -€5,630 | -28.0% |
| Other amounts receivable | 41 | €6,515 | €6,854 | +€339 | +5.2% |
| Cash at bank and in hand | 54/58 | €24,379 | €84,986 | +€60,607 | +248.6% |
| Deferred charges and accrued income | 490/1 | €1,693 | €1,310 | -€382 | -22.6% |
| Total equity and liabilities | 10/49 | €89,453 | €138,330 | +€48,877 | +54.6% |
| Equity | 10/15 | €75,730 | €137,508 | +€61,778 | +81.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €70,730 | €132,508 | +€61,778 | +87.3% |
| Distributable reserves | 133 | €70,730 | €132,508 | +€61,778 | +87.3% |
| Amounts payable | 17/49 | €13,723 | €822 | -€12,901 | -94.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €13,539 | €517 | -€13,022 | -96.2% |
| Trade debts | 44 | €12,383 | €422 | -€11,961 | -96.6% |
| Suppliers | 440/4 | €12,383 | €422 | -€11,961 | -96.6% |
| Taxes, remuneration and social security | 45 | €927 | €0 | -€927 | -100.0% |
| Taxes | 450/3 | €927 | €0 | -€927 | -100.0% |
| Other amounts payable | 47/48 | €229 | €95 | -€134 | -58.5% |
| Accrued charges and deferred income | 492/3 | €184 | €305 | +€121 | +65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,618 | €3,647 | +€1,028 | +39.3% |
| Other operating charges | 640/8 | €755 | €521 | -€234 | -31.0% |
| Gross operating margin | 9900 | €39,802 | €81,945 | +€42,144 | +105.9% |
| Operating profit (loss) | 9901 | €36,428 | €77,778 | +€41,349 | +113.5% |
| Financial income | 75/76B | €0 | €156 | +€156 | +781800.0% |
| Recurring financial income | 75 | €0 | €156 | +€156 | +781800.0% |
| Financial charges | 65/66B | €394 | €135 | -€260 | -65.8% |
| Recurring financial charges | 65 | €394 | €135 | -€260 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | €36,034 | €77,799 | +€41,765 | +115.9% |
| Income taxes | 67/77 | €10,177 | €16,021 | +€5,844 | +57.4% |
| Profit (loss) for the period | 9904 | €25,857 | €61,778 | +€35,921 | +138.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,857 | €61,778 | +€35,921 | +138.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.