GASSMANN: what changed
Two fiscal 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.
GASSMANN
Largest movements
- Cash +€15,442
up €15,442 (+30.1%), from €51,233 to €66,674
mainly Net result for the year (+€10,088) and Other debts (+€8,550)
- Stocks and contracts -€7,719
down €7,719 (-31.4%), from €24,554 to €16,835
- Receivables within one year -€6,961
down €6,961 (-18.2%), from €38,148 to €31,187
of which Trade receivables: -€3,650
- Trade debts -€11,773
down €11,773 (-47.6%), from €24,737 to €12,965
- Other debts +€8,550
new in 2025: €8,550
- Tax, wage and social debts +€2,287
up €2,287 (+88.3%), from €2,590 to €4,877
of which Taxes: +€2,287
- Gross operating margin +€6,923
up €6,923 (+64.1%), from €10,801 to €17,724
- Other operating charges -€4,456
down €4,456 (-71.3%), from €6,247 to €1,790
- Write-downs +€4,112
no longer reported in 2025 (was -€4,112)
- Taxes +€2,664
up €2,664 (+114.1%), from €2,336 to €5,000
- Financial charges -€235
down €235 (-55.2%), from €426 to €191
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 | €119,242 | €119,386 | +€144 | +0.1% |
| Fixed assets | 21/28 | €810 | €155 | -€655 | -80.9% |
| Tangible fixed assets | 22/27 | €810 | €155 | -€655 | -80.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €810 | €155 | -€655 | -80.9% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €118,432 | €119,231 | +€799 | +0.7% |
| Stocks and contracts in progress | 3 | €24,554 | €16,835 | -€7,719 | -31.4% |
| Stocks | 30/36 | €24,554 | €16,835 | -€7,719 | -31.4% |
| Amounts receivable within one year | 40/41 | €38,148 | €31,187 | -€6,961 | -18.2% |
| Trade receivables | 40 | €32,179 | €28,529 | -€3,650 | -11.3% |
| Other amounts receivable | 41 | €5,970 | €2,658 | -€3,312 | -55.5% |
| Cash at bank and in hand | 54/58 | €51,233 | €66,674 | +€15,442 | +30.1% |
| Deferred charges and accrued income | 490/1 | €4,497 | €4,534 | +€37 | +0.8% |
| Total equity and liabilities | 10/49 | €119,242 | €119,386 | +€144 | +0.1% |
| Equity | 10/15 | €89,895 | €90,983 | +€1,088 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,110 | €30,110 | +€1,000 | +3.4% |
| Distributable reserves | 133 | €29,110 | €30,110 | +€1,000 | +3.4% |
| Profit (loss) carried forward | 14 | €42,185 | €42,273 | +€88 | +0.2% |
| Provisions and deferred taxes | 16 | €2,000 | €2,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,000 | €2,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €27,347 | €26,403 | -€944 | -3.5% |
| Amounts payable within one year | 42/48 | €27,327 | €26,392 | -€936 | -3.4% |
| Trade debts | 44 | €24,737 | €12,965 | -€11,773 | -47.6% |
| Suppliers | 440/4 | €24,737 | €12,965 | -€11,773 | -47.6% |
| Taxes, remuneration and social security | 45 | €2,590 | €4,877 | +€2,287 | +88.3% |
| Taxes | 450/3 | €840 | €3,127 | +€2,287 | +272.3% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | - | €8,550 | +€8,550 | |
| Accrued charges and deferred income | 492/3 | €20 | €12 | -€8 | -41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €736 | €655 | -€81 | -11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,112 | - | +€4,112 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €0 | = | |
| Other operating charges | 640/8 | €6,247 | €1,790 | -€4,456 | -71.3% |
| Non-recurring operating charges | 66A | €2,988 | - | -€2,988 | |
| Gross operating margin | 9900 | €10,801 | €17,724 | +€6,923 | +64.1% |
| Operating profit (loss) | 9901 | €4,943 | €15,278 | +€10,336 | +209.1% |
| Financial income | 75/76B | €117 | €0 | -€117 | -100.0% |
| Recurring financial income | 75 | €117 | €0 | -€117 | -100.0% |
| Financial charges | 65/66B | €426 | €191 | -€235 | -55.2% |
| Recurring financial charges | 65 | €426 | €191 | -€235 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | €4,634 | €15,088 | +€10,453 | +225.6% |
| Income taxes | 67/77 | €2,336 | €5,000 | +€2,664 | +114.1% |
| Profit (loss) for the period | 9904 | €2,299 | €10,088 | +€7,789 | +338.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,299 | €10,088 | +€7,789 | +338.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.