GATE BELGIUM: 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 BELGIUM
Largest movements
- Receivables within one year +€86,232
up €86,232 (+286%), from €30,131 to €116,363
of which Trade receivables: +€86,232
- Tangible fixed assets -€72,966
down €72,966 (-17.6%), from €414,797 to €341,831
of which Land and buildings: -€65,901
- Cash +€11,340
up €11,340 (+266%), from €4,266 to €15,606
mainly Accrued charges and deferred income (+€136,454) and Current portion of long-term debt (+€80,668)
- Stocks and contracts -€6,278
down €6,278 (-6.0%), from €105,382 to €99,104
- Debts after one year -€200,386
down €200,386 (-100%), from €200,386 to €0
- Accrued charges and deferred income +€136,454
new in 2025: €136,454
- Current portion of long-term debt +€80,668
up €80,668 (+417%), from €19,332 to €100,000
- Profit (loss) carried forward -€63,710
down €63,710 (-77.4%), from €82,358 to €18,648
- Tax, wage and social debts +€26,348
up €26,348 (+207%), from €12,748 to €39,096
of which Taxes: +€29,592
- Gross operating margin -€141,441
down €141,441, from €128,860 to -€12,580
- Staff costs -€13,649
down €13,649 (-46.6%), from €29,306 to €15,657
- Taxes +€3,862
up €3,862, from €0 to €3,862
- Financial charges -€2,766
down €2,766 (-49.3%), from €5,611 to €2,845
- Depreciation -€1,323
down €1,323 (-8.3%), from €16,011 to €14,688
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 | €560,277 | €578,604 | +€18,327 | +3.3% |
| Fixed assets | 21/28 | €420,497 | €347,531 | -€72,966 | -17.4% |
| Tangible fixed assets | 22/27 | €414,797 | €341,831 | -€72,966 | -17.6% |
| Land and buildings | 22 | €407,732 | €341,831 | -€65,901 | -16.2% |
| Furniture and vehicles | 24 | €7,065 | €0 | -€7,065 | -100% |
| Financial fixed assets | 28 | €5,700 | €5,700 | = | 0.0% |
| Current assets | 29/58 | €139,780 | €231,073 | +€91,293 | +65.3% |
| Stocks and contracts in progress | 3 | €105,382 | €99,104 | -€6,278 | -6.0% |
| Stocks | 30/36 | €105,382 | €99,104 | -€6,278 | -6.0% |
| Amounts receivable within one year | 40/41 | €30,131 | €116,363 | +€86,232 | +286% |
| Trade receivables | 40 | €30,131 | €116,363 | +€86,232 | +286% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,266 | €15,606 | +€11,340 | +266% |
| Total equity and liabilities | 10/49 | €560,277 | €578,604 | +€18,327 | +3.3% |
| Equity | 10/15 | €221,407 | €157,698 | -€63,710 | -28.8% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €117,050 | €117,050 | = | 0.0% |
| Non-distributable reserves | 130/1 | €117,050 | €117,050 | = | 0.0% |
| Reserves not available under the articles | 1311 | €117,050 | €117,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,358 | €18,648 | -€63,710 | -77.4% |
| Provisions and deferred taxes | 16 | €39,017 | €39,017 | = | 0.0% |
| Deferred taxes | 168 | €39,017 | €39,017 | = | 0.0% |
| Amounts payable | 17/49 | €299,853 | €381,890 | +€82,037 | +27.4% |
| Amounts payable after more than one year | 17 | €200,386 | €0 | -€200,386 | -100% |
| Financial debts | 170/4 | €200,386 | €0 | -€200,386 | -100% |
| Amounts payable within one year | 42/48 | €99,467 | €245,436 | +€145,969 | +147% |
| Current portion of amounts payable after more than one year | 42 | €19,332 | €100,000 | +€80,668 | +417% |
| Trade debts | 44 | €12,397 | €28,609 | +€16,212 | +131% |
| Suppliers | 440/4 | €12,397 | €28,609 | +€16,212 | +131% |
| Taxes, remuneration and social security | 45 | €12,748 | €39,096 | +€26,348 | +207% |
| Taxes | 450/3 | €8,478 | €38,070 | +€29,592 | +349% |
| Remuneration and social security | 454/9 | €4,270 | €1,026 | -€3,244 | -76.0% |
| Other amounts payable | 47/48 | €54,990 | €77,730 | +€22,740 | +41.4% |
| Accrued charges and deferred income | 492/3 | - | €136,454 | +€136,454 | |
| Non-recurring operating income | 76A | €0 | €122,268 | +€122,268 | |
| Remuneration, social security and pensions | 62 | €29,306 | €15,657 | -€13,649 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,011 | €14,688 | -€1,323 | -8.3% |
| Other operating charges | 640/8 | €4,954 | €5,880 | +€926 | +18.7% |
| Non-recurring operating charges | 66A | €0 | €8,198 | +€8,198 | |
| Gross operating margin | 9900 | €128,860 | -€12,580 | -€141,441 | |
| Operating profit (loss) | 9901 | €78,589 | -€57,004 | -€135,593 | |
| Financial income | 75/76B | €597 | €2 | -€595 | -99.7% |
| Recurring financial income | 75 | €597 | €2 | -€595 | -99.7% |
| Financial charges | 65/66B | €5,611 | €2,845 | -€2,766 | -49.3% |
| Recurring financial charges | 65 | €5,611 | €2,845 | -€2,766 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €73,575 | -€59,847 | -€133,422 | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €0 | €3,862 | +€3,862 | |
| Profit (loss) for the period | 9904 | €73,575 | -€63,710 | -€137,285 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €73,575 | -€63,710 | -€137,285 |
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 25 October 2026 via checked.be.