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 +€24,447
up €24,447 (+3434.1%), from €712 to €25,159
mainly Depreciation (+€18,515) and Receivables within one year (+€7,868)
- Tangible fixed assets -€18,515
down €18,515 (-4.2%), from €437,109 to €418,593
- Receivables within one year -€7,868
down €7,868 (-100.0%), from €7,868 to €0
- Current investments -€4,814
no longer reported in 2025 (was €4,814)
- Provisions -€7,133
down €7,133 (-12.5%), from €56,960 to €49,827
- Financial charges -€7,108
down €7,108 (-98.9%), from €7,185 to €77
- Gross operating margin +€6,192
up €6,192 (+45.9%), from €13,490 to €19,682
- Taxes +€4,348
up €4,348 (+165.5%), from €2,628 to €6,975
- Other operating charges +€465
new in 2025: €465
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 | €450,502 | €443,753 | -€6,750 | -1.5% |
| Fixed assets | 21/28 | €437,109 | €418,593 | -€18,515 | -4.2% |
| Tangible fixed assets | 22/27 | €437,109 | €418,593 | -€18,515 | -4.2% |
| Land and buildings | 22 | €437,109 | €418,593 | -€18,515 | -4.2% |
| Current assets | 29/58 | €13,394 | €25,159 | +€11,766 | +87.8% |
| Amounts receivable within one year | 40/41 | €7,868 | €0 | -€7,868 | -100.0% |
| Other amounts receivable | 41 | €7,868 | €0 | -€7,868 | -100.0% |
| Current investments | 50/53 | €4,814 | - | -€4,814 | |
| Cash at bank and in hand | 54/58 | €712 | €25,159 | +€24,447 | +3434.1% |
| Total equity and liabilities | 10/49 | €450,502 | €443,753 | -€6,750 | -1.5% |
| Equity | 10/15 | €295,581 | €296,428 | +€846 | +0.3% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Capital | 10 | €31,000 | - | -€31,000 | |
| Issued capital | 100 | €31,000 | - | -€31,000 | |
| Revaluation surpluses | 12 | €25,483 | €25,483 | = | 0.0% |
| Reserves | 13 | €218,555 | €219,401 | +€846 | +0.4% |
| Non-distributable reserves | 130/1 | €3,100 | €0 | -€3,100 | -100.0% |
| Legal reserve | 130 | €3,100 | - | -€3,100 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Tax-exempt reserves | 132 | €123,831 | €109,978 | -€13,853 | -11.2% |
| Distributable reserves | 133 | €91,624 | €109,423 | +€17,799 | +19.4% |
| Profit (loss) carried forward | 14 | €20,544 | €20,544 | = | 0.0% |
| Provisions and deferred taxes | 16 | €56,960 | €49,827 | -€7,133 | -12.5% |
| Deferred taxes | 168 | €56,960 | €49,827 | -€7,133 | -12.5% |
| Amounts payable | 17/49 | €97,961 | €97,498 | -€463 | -0.5% |
| Amounts payable within one year | 42/48 | €97,961 | €97,498 | -€463 | -0.5% |
| Trade debts | 44 | - | €1,396 | +€1,396 | |
| Suppliers | 440/4 | - | €1,396 | +€1,396 | |
| Taxes, remuneration and social security | 45 | €3,112 | €2,456 | -€656 | -21.1% |
| Taxes | 450/3 | €3,112 | €2,456 | -€656 | -21.1% |
| Other amounts payable | 47/48 | €94,849 | €93,646 | -€1,203 | -1.3% |
| Non-recurring operating income | 76A | - | €2,133 | +€2,133 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,330 | €18,515 | +€185 | +1.0% |
| Other operating charges | 640/8 | - | €465 | +€465 | |
| Gross operating margin | 9900 | €13,490 | €19,682 | +€6,192 | +45.9% |
| Operating profit (loss) | 9901 | -€4,840 | €701 | +€5,541 | |
| Financial income | 75/76B | €16 | €64 | +€48 | +291.3% |
| Recurring financial income | 75 | €16 | €64 | +€48 | +291.3% |
| Financial charges | 65/66B | €7,185 | €77 | -€7,108 | -98.9% |
| Recurring financial charges | 65 | €7,185 | €77 | -€7,108 | -98.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,008 | €688 | +€12,697 | |
| Transfer from deferred taxes | 780 | €7,133 | €7,133 | = | 0.0% |
| Income taxes | 67/77 | €2,628 | €6,975 | +€4,348 | +165.5% |
| Profit (loss) for the period | 9904 | -€7,503 | €846 | +€8,349 | |
| Transfer from tax-exempt reserves | 789 | €13,853 | €13,853 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,350 | €14,699 | +€8,349 | +131.5% |
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 10 October 2026 via checked.be.