GATAW STUDIO: 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.
GATAW STUDIO
Largest movements
- Receivables within one year +€10,899
up €10,899 (+52.1%), from €20,932 to €31,831
of which Trade receivables: +€9,524
- Cash +€2,804
up €2,804 (+21.8%), from €12,880 to €15,683
mainly Tax, wage and social debts (+€11,171) and Trade debts (+€9,694)
- Tax, wage and social debts +€11,171
up €11,171 (+103%), from €10,812 to €21,983
- Trade debts +€9,694
up €9,694 (+118%), from €8,183 to €17,877
- Debts after one year -€3,700
down €3,700 (-56.3%), from €6,567 to €2,867
- Profit (loss) carried forward -€3,355
down €3,355 (-22.8%), from €14,743 to €11,388
- Gross operating margin -€16,438
down €16,438 (-75.4%), from €21,815 to €5,377
- Taxes -€4,242
down €4,242 (-78.6%), from €5,398 to €1,156
- Depreciation +€2,868
up €2,868 (+311%), from €924 to €3,792
- Other operating charges +€2,676
up €2,676 (+2,537%), from €106 to €2,782
- Financial charges +€519
up €519 (+334%), from €155 to €674
of which Financial charges: +€424
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 | €45,368 | €59,315 | +€13,947 | +30.7% |
| Fixed assets | 21/28 | €11,556 | €11,801 | +€245 | +2.1% |
| Tangible fixed assets | 22/27 | €11,556 | €11,801 | +€245 | +2.1% |
| Plant, machinery and equipment | 23 | €11,556 | €9,421 | -€2,134 | -18.5% |
| Furniture and vehicles | 24 | - | €2,379 | +€2,379 | |
| Current assets | 29/58 | €33,812 | €47,515 | +€13,702 | +40.5% |
| Amounts receivable within one year | 40/41 | €20,932 | €31,831 | +€10,899 | +52.1% |
| Trade receivables | 40 | €12,636 | €22,160 | +€9,524 | +75.4% |
| Other amounts receivable | 41 | €8,296 | €9,672 | +€1,375 | +16.6% |
| Cash at bank and in hand | 54/58 | €12,880 | €15,683 | +€2,804 | +21.8% |
| Total equity and liabilities | 10/49 | €45,368 | €59,315 | +€13,947 | +30.7% |
| Equity | 10/15 | €16,243 | €12,888 | -€3,355 | -20.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,743 | €11,388 | -€3,355 | -22.8% |
| Amounts payable | 17/49 | €29,126 | €46,428 | +€17,302 | +59.4% |
| Amounts payable after more than one year | 17 | €6,567 | €2,867 | -€3,700 | -56.3% |
| Financial debts | 170/4 | €6,567 | €2,867 | -€3,700 | -56.3% |
| Amounts payable within one year | 42/48 | €22,559 | €43,560 | +€21,002 | +93.1% |
| Financial debts | 43 | €3,563 | €3,700 | +€136 | +3.8% |
| Credit institutions | 430/8 | €3,563 | €3,700 | +€136 | +3.8% |
| Trade debts | 44 | €8,183 | €17,877 | +€9,694 | +118% |
| Suppliers | 440/4 | €8,183 | €17,877 | +€9,694 | +118% |
| Taxes, remuneration and social security | 45 | €10,812 | €21,983 | +€11,171 | +103% |
| Taxes | 450/3 | €10,812 | €21,983 | +€11,171 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €924 | €3,792 | +€2,868 | +311% |
| Other operating charges | 640/8 | €106 | €2,782 | +€2,676 | +2,537% |
| Gross operating margin | 9900 | €21,815 | €5,377 | -€16,438 | -75.4% |
| Operating profit (loss) | 9901 | €20,786 | -€1,197 | -€21,982 | |
| Financial income | 75/76B | €343 | €504 | +€161 | +47.0% |
| Recurring financial income | 75 | €343 | €504 | +€161 | +47.0% |
| Financial charges | 65/66B | €155 | €674 | +€519 | +334% |
| Recurring financial charges | 65 | €155 | €579 | +€424 | +274% |
| Non-recurring financial charges | 66B | €0 | €94 | +€94 | +235,575% |
| Profit (loss) for the period before taxes | 9903 | €20,974 | -€1,366 | -€22,340 | |
| Income taxes | 67/77 | €5,398 | €1,156 | -€4,242 | -78.6% |
| Profit (loss) for the period | 9904 | €15,576 | -€2,522 | -€18,097 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,576 | -€2,522 | -€18,097 |
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 21 October 2026 via checked.be.