Gassa Tax Advisors: what changed
Gassa Tax Advisors
Largest movements
- Receivables within one year +€63,047
up €63,047 (+71.4%), from €88,338 to €151,385
of which Trade receivables: +€51,833
- Tangible fixed assets -€29,892
down €29,892 (-51.5%), from €58,036 to €28,143
of which Furniture and vehicles: -€27,492
- Cash -€3,713
down €3,713 (-5.0%), from €74,161 to €70,449
mainly Receivables within one year (-€63,047) and Tax, wage and social debts (-€28,262)
- Intangible fixed assets -€3,400
down €3,400 (-29.9%), from €11,380 to €7,980
- Trade debts +€36,567
up €36,567 (+149%), from €24,607 to €61,174
- Profit (loss) carried forward +€32,751
up €32,751 (+27.0%), from €121,435 to €154,187
- Tax, wage and social debts -€28,262
down €28,262 (-91.6%), from €30,840 to €2,578
of which Taxes: -€26,981
- Debts after one year -€15,285
down €15,285 (-84.7%), from €18,040 to €2,755
- Gross operating margin -€45,938
down €45,938 (-29.6%), from €155,325 to €109,388
- Staff costs -€20,467
down €20,467 (-71.7%), from €28,550 to €8,084
- Other operating charges -€20,131
down €20,131 (-90.7%), from €22,197 to €2,066
- Depreciation +€4,912
up €4,912 (+17.3%), from €28,380 to €33,292
- Taxes -€4,595
down €4,595 (-14.3%), from €32,217 to €27,621
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 | €231,915 | €257,956 | +€26,042 | +11.2% |
| Fixed assets | 21/28 | €69,416 | €36,123 | -€33,292 | -48.0% |
| Intangible fixed assets | 21 | €11,380 | €7,980 | -€3,400 | -29.9% |
| Tangible fixed assets | 22/27 | €58,036 | €28,143 | -€29,892 | -51.5% |
| Furniture and vehicles | 24 | €42,836 | €15,343 | -€27,492 | -64.2% |
| Other tangible fixed assets | 26 | €15,200 | €12,800 | -€2,400 | -15.8% |
| Current assets | 29/58 | €162,499 | €221,833 | +€59,334 | +36.5% |
| Amounts receivable within one year | 40/41 | €88,338 | €151,385 | +€63,047 | +71.4% |
| Trade receivables | 40 | €84,722 | €136,556 | +€51,833 | +61.2% |
| Other amounts receivable | 41 | €3,615 | €14,829 | +€11,214 | +310% |
| Cash at bank and in hand | 54/58 | €74,161 | €70,449 | -€3,713 | -5.0% |
| Total equity and liabilities | 10/49 | €231,915 | €257,956 | +€26,042 | +11.2% |
| Equity | 10/15 | €151,494 | €184,245 | +€32,751 | +21.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €10,059 | €10,059 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,059 | €8,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,435 | €154,187 | +€32,751 | +27.0% |
| Amounts payable | 17/49 | €80,421 | €73,711 | -€6,710 | -8.3% |
| Amounts payable after more than one year | 17 | €18,040 | €2,755 | -€15,285 | -84.7% |
| Financial debts | 170/4 | €18,040 | €2,755 | -€15,285 | -84.7% |
| Amounts payable within one year | 42/48 | €62,381 | €70,956 | +€8,575 | +13.7% |
| Financial debts | 43 | €6,935 | €7,204 | +€270 | +3.9% |
| Other loans | 439 | €6,935 | €7,204 | +€270 | +3.9% |
| Trade debts | 44 | €24,607 | €61,174 | +€36,567 | +149% |
| Suppliers | 440/4 | €24,607 | €61,174 | +€36,567 | +149% |
| Taxes, remuneration and social security | 45 | €30,840 | €2,578 | -€28,262 | -91.6% |
| Taxes | 450/3 | €26,981 | - | -€26,981 | |
| Remuneration and social security | 454/9 | €3,859 | €2,578 | -€1,281 | -33.2% |
| Remuneration, social security and pensions | 62 | €28,550 | €8,084 | -€20,467 | -71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,380 | €33,292 | +€4,912 | +17.3% |
| Other operating charges | 640/8 | €22,197 | €2,066 | -€20,131 | -90.7% |
| Gross operating margin | 9900 | €155,325 | €109,388 | -€45,938 | -29.6% |
| Operating profit (loss) | 9901 | €76,197 | €65,945 | -€10,252 | -13.5% |
| Financial charges | 65/66B | €3,158 | €1,805 | -€1,352 | -42.8% |
| Recurring financial charges | 65 | €3,158 | €1,805 | -€1,352 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €73,040 | €64,140 | -€8,900 | -12.2% |
| Income taxes | 67/77 | €32,217 | €27,621 | -€4,595 | -14.3% |
| Profit (loss) for the period | 9904 | €40,823 | €36,519 | -€4,304 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,823 | €36,519 | -€4,304 | -10.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.