GATE-16: 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.
GATE-16
Largest movements
- Cash +€914,619
up €914,619 (+228%), from €400,661 to €1.3m
mainly Net result for the year (+€746,044) and Current investments (+€563,885)
- Current investments -€563,885
down €563,885 (-47.0%), from €1.2m to €635,807
- Receivables within one year +€524,055
up €524,055 (+788%), from €66,532 to €590,587
of which Trade receivables: +€573,201
- Tangible fixed assets +€91,496
up €91,496 (+18.5%), from €495,844 to €587,340
of which Other tangible fixed assets: +€201,393
- Financial fixed assets -€66,561
down €66,561 (-23.3%), from €286,101 to €219,540
- Other debts +€422,250
up €422,250 (+1,408%), from €30,000 to €452,250
- Reserves +€296,044
up €296,044 (+17.6%), from €1.7m to €2.0m
of which Distributable reserves: +€296,044
- Tax, wage and social debts +€79,107
up €79,107 (+22.3%), from €354,328 to €433,435
of which Taxes: +€177,062
- Trade debts +€74,260
up €74,260 (+46.8%), from €158,605 to €232,865
- Taxes +€195,608
up €195,608 (+81.7%), from €239,537 to €435,145
- Gross operating margin +€141,033
up €141,033 (+4.5%), from €3.1m to €3.3m
- Staff costs +€87,564
up €87,564 (+4.6%), from €1.9m to €2.0m
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 | €2,501,829 | €3,373,490 | +€871,661 | +34.8% |
| Fixed assets | 21/28 | €781,944 | €806,880 | +€24,936 | +3.2% |
| Tangible fixed assets | 22/27 | €495,844 | €587,340 | +€91,496 | +18.5% |
| Land and buildings | 22 | €250,000 | €302,422 | +€52,422 | +21.0% |
| Plant, machinery and equipment | 23 | - | €12,953 | +€12,953 | |
| Furniture and vehicles | 24 | €245,844 | €70,572 | -€175,272 | -71.3% |
| Other tangible fixed assets | 26 | - | €201,393 | +€201,393 | |
| Financial fixed assets | 28 | €286,101 | €219,540 | -€66,561 | -23.3% |
| Current assets | 29/58 | €1,719,885 | €2,566,610 | +€846,725 | +49.2% |
| Amounts receivable within one year | 40/41 | €66,532 | €590,587 | +€524,055 | +788% |
| Trade receivables | 40 | - | €573,201 | +€573,201 | |
| Other amounts receivable | 41 | €66,532 | €17,386 | -€49,146 | -73.9% |
| Current investments | 50/53 | €1,199,691 | €635,807 | -€563,885 | -47.0% |
| Cash at bank and in hand | 54/58 | €400,661 | €1,315,280 | +€914,619 | +228% |
| Deferred charges and accrued income | 490/1 | €53,000 | €24,937 | -€28,063 | -52.9% |
| Total equity and liabilities | 10/49 | €2,501,829 | €3,373,490 | +€871,661 | +34.8% |
| Equity | 10/15 | €1,958,896 | €2,254,940 | +€296,044 | +15.1% |
| Contributions | 10/11 | €93,725 | €93,725 | = | 0.0% |
| Reserves | 13 | €1,681,536 | €1,977,580 | +€296,044 | +17.6% |
| Tax-exempt reserves | 132 | €602,030 | €602,030 | = | 0.0% |
| Distributable reserves | 133 | €1,079,506 | €1,375,550 | +€296,044 | +27.4% |
| Profit (loss) carried forward | 14 | €183,635 | €183,635 | = | 0.0% |
| Amounts payable | 17/49 | €542,933 | €1,118,550 | +€575,616 | +106% |
| Amounts payable within one year | 42/48 | €542,933 | €1,118,550 | +€575,616 | +106% |
| Trade debts | 44 | €158,605 | €232,865 | +€74,260 | +46.8% |
| Suppliers | 440/4 | €158,605 | €232,865 | +€74,260 | +46.8% |
| Taxes, remuneration and social security | 45 | €354,328 | €433,435 | +€79,107 | +22.3% |
| Taxes | 450/3 | €57,999 | €235,061 | +€177,062 | +305% |
| Remuneration and social security | 454/9 | €296,329 | €198,373 | -€97,955 | -33.1% |
| Other amounts payable | 47/48 | €30,000 | €452,250 | +€422,250 | +1,408% |
| Remuneration, social security and pensions | 62 | €1,915,367 | €2,002,931 | +€87,564 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,064 | €58,153 | +€11,089 | +23.6% |
| Other operating charges | 640/8 | €42,243 | €47,635 | +€5,392 | +12.8% |
| Non-recurring operating charges | 66A | €438 | €1,116 | +€678 | +155% |
| Gross operating margin | 9900 | €3,126,438 | €3,267,471 | +€141,033 | +4.5% |
| Operating profit (loss) | 9901 | €1,121,327 | €1,157,637 | +€36,310 | +3.2% |
| Financial income | 75/76B | €17,843 | €36,588 | +€18,745 | +105% |
| Recurring financial income | 75 | €17,843 | €36,588 | +€18,745 | +105% |
| Financial charges | 65/66B | €3,096 | €13,036 | +€9,940 | +321% |
| Recurring financial charges | 65 | €3,096 | €13,036 | +€9,940 | +321% |
| Profit (loss) for the period before taxes | 9903 | €1,136,074 | €1,181,189 | +€45,116 | +4.0% |
| Income taxes | 67/77 | €239,537 | €435,145 | +€195,608 | +81.7% |
| Profit (loss) for the period | 9904 | €896,536 | €746,044 | -€150,492 | -16.8% |
| Transfer to tax-exempt reserves | 689 | €602,030 | - | -€602,030 | |
| Profit (loss) for the period to be appropriated | 9905 | €294,506 | €746,044 | +€451,538 | +153% |
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 15 October 2026 via checked.be.