GATE 5: 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 5
Largest movements
- Current investments -€92,211
down €92,211 (-100%), from €92,211 to €0
- Cash -€55,504
down €55,504 (-46.0%), from €120,694 to €65,190
mainly Investment in fixed assets (net) (-€85,697) and Net result for the year (-€59,421)
- Tangible fixed assets +€53,101
up €53,101 (+44.4%), from €119,657 to €172,758
of which Other tangible fixed assets: +€63,322
- Stocks and contracts +€22,600
up €22,600 (+895%), from €2,524 to €25,124
- Receivables within one year +€5,149
up €5,149 (+44.0%), from €11,692 to €16,841
of which Trade receivables: +€10,552
- Profit (loss) carried forward -€59,421
down €59,421, from €9,538 to -€49,883
- Debts after one year -€24,085
down €24,085 (-22.7%), from €106,085 to €81,999
- Other debts +€14,841
new in 2025: €14,841
- Trade debts +€5,629
up €5,629 (+6.5%), from €86,019 to €91,648
- Gross operating margin -€291,781
down €291,781 (-93.9%), from €310,884 to €19,103
- Staff costs -€183,919
down €183,919 (-82.5%), from €222,968 to €39,048
- Taxes -€6,824
down €6,824 (-100%), from €6,824 to €0
- Financial charges -€3,762
down €3,762 (-34.4%), from €10,952 to €7,190
- Other operating charges -€3,296
down €3,296 (-75.1%), from €4,387 to €1,091
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 | €353,134 | €289,356 | -€63,779 | -18.1% |
| Fixed assets | 21/28 | €124,570 | €178,579 | +€54,008 | +43.4% |
| Intangible fixed assets | 21 | €2,186 | €3,093 | +€907 | +41.5% |
| Tangible fixed assets | 22/27 | €119,657 | €172,758 | +€53,101 | +44.4% |
| Plant, machinery and equipment | 23 | €110,702 | €103,332 | -€7,370 | -6.7% |
| Furniture and vehicles | 24 | €8,955 | €6,105 | -€2,850 | -31.8% |
| Other tangible fixed assets | 26 | - | €63,322 | +€63,322 | |
| Financial fixed assets | 28 | €2,728 | €2,728 | = | 0.0% |
| Current assets | 29/58 | €228,564 | €110,777 | -€117,787 | -51.5% |
| Stocks and contracts in progress | 3 | €2,524 | €25,124 | +€22,600 | +895% |
| Stocks | 30/36 | €2,524 | €25,124 | +€22,600 | +895% |
| Amounts receivable within one year | 40/41 | €11,692 | €16,841 | +€5,149 | +44.0% |
| Trade receivables | 40 | €5,870 | €16,422 | +€10,552 | +180% |
| Other amounts receivable | 41 | €5,822 | €419 | -€5,403 | -92.8% |
| Current investments | 50/53 | €92,211 | €0 | -€92,211 | -100% |
| Cash at bank and in hand | 54/58 | €120,694 | €65,190 | -€55,504 | -46.0% |
| Deferred charges and accrued income | 490/1 | €1,443 | €3,623 | +€2,179 | +151% |
| Total equity and liabilities | 10/49 | €353,134 | €289,356 | -€63,779 | -18.1% |
| Equity | 10/15 | €124,103 | €64,682 | -€59,421 | -47.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €95,973 | €95,973 | = | 0.0% |
| Distributable reserves | 133 | €95,973 | €95,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,538 | -€49,883 | -€59,421 | |
| Amounts payable | 17/49 | €229,031 | €224,674 | -€4,357 | -1.9% |
| Amounts payable after more than one year | 17 | €106,085 | €81,999 | -€24,085 | -22.7% |
| Financial debts | 170/4 | €106,085 | €81,999 | -€24,085 | -22.7% |
| Amounts payable within one year | 42/48 | €122,947 | €142,675 | +€19,728 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €25,262 | €24,085 | -€1,176 | -4.7% |
| Trade debts | 44 | €86,019 | €91,648 | +€5,629 | +6.5% |
| Suppliers | 440/4 | €86,019 | €91,648 | +€5,629 | +6.5% |
| Taxes, remuneration and social security | 45 | €11,666 | €12,100 | +€434 | +3.7% |
| Taxes | 450/3 | €11,666 | €10,039 | -€1,627 | -13.9% |
| Remuneration and social security | 454/9 | - | €2,061 | +€2,061 | |
| Other amounts payable | 47/48 | - | €14,841 | +€14,841 | |
| Non-recurring operating income | 76A | €12,758 | - | -€12,758 | |
| Remuneration, social security and pensions | 62 | €222,968 | €39,048 | -€183,919 | -82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,094 | €31,689 | +€595 | +1.9% |
| Other operating charges | 640/8 | €4,387 | €1,091 | -€3,296 | -75.1% |
| Gross operating margin | 9900 | €310,884 | €19,103 | -€291,781 | -93.9% |
| Operating profit (loss) | 9901 | €52,436 | -€52,725 | -€105,161 | |
| Financial income | 75/76B | €2,977 | €494 | -€2,483 | -83.4% |
| Recurring financial income | 75 | €2,977 | €494 | -€2,483 | -83.4% |
| Financial charges | 65/66B | €10,952 | €7,190 | -€3,762 | -34.4% |
| Recurring financial charges | 65 | €10,952 | €7,190 | -€3,762 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €44,461 | -€59,421 | -€103,882 | |
| Income taxes | 67/77 | €6,824 | €0 | -€6,824 | -100% |
| Profit (loss) for the period | 9904 | €37,636 | -€59,421 | -€97,058 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,636 | -€59,421 | -€97,058 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.