GASPARD MECANIQUE: what changed
GASPARD MECANIQUE
Largest movements
- Cash +€380,224
up €380,224 (+193%), from €196,537 to €576,761
mainly Current investments (+€300,000) and Other debts (+€253,901)
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Receivables within one year +€21,896
up €21,896 (+64.8%), from €33,801 to €55,697
of which Trade receivables: +€23,767
- Tangible fixed assets -€15,656
down €15,656 (-26.0%), from €60,139 to €44,482
of which Plant, machinery and equipment: -€17,615
- Other debts +€253,901
up €253,901 (+328%), from €77,414 to €331,315
- Reserves -€191,542
down €191,542 (-39.1%), from €490,116 to €298,575
of which Distributable reserves: -€193,402
- Tax, wage and social debts +€27,616
up €27,616 (+152%), from €18,221 to €45,837
- Gross operating margin +€50,795
up €50,795 (+54.7%), from €92,842 to €143,636
- Taxes +€16,957
up €16,957 (+79.0%), from €21,468 to €38,425
- Depreciation +€6,193
up €6,193 (+23.7%), from €26,096 to €32,289
- Financial income +€3,028
up €3,028 (+59.0%), from €5,134 to €8,162
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €609,741 | €694,877 | +€85,135 | +14.0% |
| Fixed assets | 21/28 | €60,139 | €44,482 | -€15,656 | -26.0% |
| Tangible fixed assets | 22/27 | €60,139 | €44,482 | -€15,656 | -26.0% |
| Plant, machinery and equipment | 23 | €40,657 | €23,042 | -€17,615 | -43.3% |
| Furniture and vehicles | 24 | €18,041 | €20,720 | +€2,679 | +14.9% |
| Other tangible fixed assets | 26 | €1,441 | €720 | -€720 | -50.0% |
| Current assets | 29/58 | €549,603 | €650,395 | +€100,792 | +18.3% |
| Stocks and contracts in progress | 3 | €17,470 | €15,560 | -€1,910 | -10.9% |
| Stocks | 30/36 | €17,470 | €15,560 | -€1,910 | -10.9% |
| Amounts receivable within one year | 40/41 | €33,801 | €55,697 | +€21,896 | +64.8% |
| Trade receivables | 40 | €31,930 | €55,697 | +€23,767 | +74.4% |
| Other amounts receivable | 41 | €1,871 | - | -€1,871 | |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €196,537 | €576,761 | +€380,224 | +193% |
| Deferred charges and accrued income | 490/1 | €1,796 | €2,377 | +€582 | +32.4% |
| Total equity and liabilities | 10/49 | €609,741 | €694,877 | +€85,135 | +14.0% |
| Equity | 10/15 | €502,516 | €310,975 | -€191,542 | -38.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €490,116 | €298,575 | -€191,542 | -39.1% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €490,116 | €296,715 | -€193,402 | -39.5% |
| Amounts payable | 17/49 | €107,225 | €383,902 | +€276,677 | +258% |
| Amounts payable within one year | 42/48 | €107,225 | €383,690 | +€276,465 | +258% |
| Trade debts | 44 | €11,590 | €6,538 | -€5,052 | -43.6% |
| Suppliers | 440/4 | €11,590 | €6,538 | -€5,052 | -43.6% |
| Taxes, remuneration and social security | 45 | €18,221 | €45,837 | +€27,616 | +152% |
| Taxes | 450/3 | €18,221 | €45,837 | +€27,616 | +152% |
| Other amounts payable | 47/48 | €77,414 | €331,315 | +€253,901 | +328% |
| Accrued charges and deferred income | 492/3 | - | €212 | +€212 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €206 | - | -€206 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,096 | €32,289 | +€6,193 | +23.7% |
| Other operating charges | 640/8 | €1,759 | €1,746 | -€12 | -0.7% |
| Gross operating margin | 9900 | €92,842 | €143,636 | +€50,795 | +54.7% |
| Operating profit (loss) | 9901 | €64,781 | €109,600 | +€44,820 | +69.2% |
| Financial income | 75/76B | €5,134 | €8,162 | +€3,028 | +59.0% |
| Recurring financial income | 75 | €5,134 | €8,162 | +€3,028 | +59.0% |
| Financial charges | 65/66B | €869 | €907 | +€37 | +4.3% |
| Recurring financial charges | 65 | €869 | €907 | +€37 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €69,045 | €116,856 | +€47,810 | +69.2% |
| Income taxes | 67/77 | €21,468 | €38,425 | +€16,957 | +79.0% |
| Profit (loss) for the period | 9904 | €47,577 | €78,430 | +€30,853 | +64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,577 | €78,430 | +€30,853 | +64.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.