GASPE: 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.
GASPE
Largest movements
- Receivables within one year +€6,814
up €6,814 (+15.5%), from €44,042 to €50,856
of which Trade receivables: +€7,844
- Intangible fixed assets -€3,903
down €3,903 (-18.0%), from €21,670 to €17,767
- Cash +€3,850
up €3,850 (+2,192%), from €176 to €4,026
mainly Other debts (+€5,978) and Depreciation (+€5,253)
- Tangible fixed assets +€2,209
up €2,209 (+352%), from €627 to €2,835
of which Furniture and vehicles: +€2,656
- Tax, wage and social debts -€5,994
down €5,994 (-36.0%), from €16,633 to €10,639
of which Taxes: -€4,894
- Other debts +€5,978
up €5,978 (+7.5%), from €79,415 to €85,393
- Profit (loss) carried forward +€5,241
up €5,241 (+12.3%), from -€42,652 to -€37,411
- Trade debts +€4,105
up €4,105 (+129%), from €3,185 to €7,291
- Gross operating margin -€997
down €997 (-7.8%), from €12,779 to €11,782
- Depreciation +€902
up €902 (+20.7%), from €4,351 to €5,253
- Financial charges -€854
down €854 (-66.5%), from €1,285 to €431
- Other operating charges +€197
up €197 (+43.9%), from €449 to €646
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 | €66,582 | €76,080 | +€9,498 | +14.3% |
| Fixed assets | 21/28 | €22,297 | €20,602 | -€1,695 | -7.6% |
| Intangible fixed assets | 21 | €21,670 | €17,767 | -€3,903 | -18.0% |
| Tangible fixed assets | 22/27 | €627 | €2,835 | +€2,209 | +352% |
| Plant, machinery and equipment | 23 | €627 | €179 | -€448 | -71.4% |
| Furniture and vehicles | 24 | - | €2,656 | +€2,656 | |
| Current assets | 29/58 | €44,285 | €55,479 | +€11,193 | +25.3% |
| Amounts receivable within one year | 40/41 | €44,042 | €50,856 | +€6,814 | +15.5% |
| Trade receivables | 40 | €42,480 | €50,324 | +€7,844 | +18.5% |
| Other amounts receivable | 41 | €1,562 | €532 | -€1,030 | -66.0% |
| Cash at bank and in hand | 54/58 | €176 | €4,026 | +€3,850 | +2,192% |
| Deferred charges and accrued income | 490/1 | €68 | €597 | +€529 | +781% |
| Total equity and liabilities | 10/49 | €66,582 | €76,080 | +€9,498 | +14.3% |
| Equity | 10/15 | -€32,652 | -€27,411 | +€5,241 | +16.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,652 | -€37,411 | +€5,241 | +12.3% |
| Amounts payable | 17/49 | €99,234 | €103,491 | +€4,257 | +4.3% |
| Amounts payable within one year | 42/48 | €99,234 | €103,323 | +€4,089 | +4.1% |
| Trade debts | 44 | €3,185 | €7,291 | +€4,105 | +129% |
| Suppliers | 440/4 | €3,185 | €7,291 | +€4,105 | +129% |
| Taxes, remuneration and social security | 45 | €16,633 | €10,639 | -€5,994 | -36.0% |
| Taxes | 450/3 | €15,533 | €10,639 | -€4,894 | -31.5% |
| Remuneration and social security | 454/9 | €1,100 | - | -€1,100 | |
| Other amounts payable | 47/48 | €79,415 | €85,393 | +€5,978 | +7.5% |
| Accrued charges and deferred income | 492/3 | - | €168 | +€168 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,351 | €5,253 | +€902 | +20.7% |
| Other operating charges | 640/8 | €449 | €646 | +€197 | +43.9% |
| Gross operating margin | 9900 | €12,779 | €11,782 | -€997 | -7.8% |
| Operating profit (loss) | 9901 | €7,979 | €5,883 | -€2,096 | -26.3% |
| Financial income | 75/76B | €22 | - | -€22 | |
| Recurring financial income | 75 | €22 | - | -€22 | |
| Financial charges | 65/66B | €1,285 | €431 | -€854 | -66.5% |
| Recurring financial charges | 65 | €1,285 | €431 | -€854 | -66.5% |
| Profit (loss) for the period before taxes | 9903 | €6,716 | €5,452 | -€1,264 | -18.8% |
| Income taxes | 67/77 | €140 | €211 | +€71 | +51.0% |
| Profit (loss) for the period | 9904 | €6,576 | €5,241 | -€1,335 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,576 | €5,241 | -€1,335 | -20.3% |
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 17 October 2026 via checked.be.