GATE GALLERY: 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.
GATE GALLERY
Largest movements
- Stocks and contracts -€17,850
down €17,850 (-14.3%), from €125,202 to €107,352
- Receivables within one year -€17,772
down €17,772 (-57.5%), from €30,882 to €13,110
of which Trade receivables: -€17,750
- Cash -€9,886
down €9,886 (-99.8%), from €9,907 to €22
mainly Net result for the year (-€61,374) and Advances received (-€43,500)
- Tangible fixed assets -€3,653
down €3,653 (-33.4%), from €10,944 to €7,292
- Financial fixed assets +€3,450
up €3,450 (+23.0%), from €15,000 to €18,450
- Profit (loss) carried forward -€61,374
down €61,374 (-35.4%), from -€173,617 to -€234,991
- Advances received -€43,500
down €43,500 (-40.1%), from €108,500 to €65,000
- Trade debts +€39,403
up €39,403 (+34.2%), from €115,136 to €154,539
- Tax, wage and social debts +€23,855
up €23,855 (+87.9%), from €27,124 to €50,980
- Accrued charges and deferred income -€21,662
down €21,662 (-35.9%), from €60,384 to €38,721
- Gross operating margin -€38,471
down €38,471 (-305.4%), from -€12,598 to -€51,068
- Other operating charges -€5,257
down €5,257 (-73.0%), from €7,202 to €1,945
- Financial charges +€4,084
up €4,084 (+1078.2%), from €379 to €4,463
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 | €192,486 | €146,793 | -€45,693 | -23.7% |
| Fixed assets | 21/28 | €25,944 | €25,742 | -€203 | -0.8% |
| Tangible fixed assets | 22/27 | €10,944 | €7,292 | -€3,653 | -33.4% |
| Furniture and vehicles | 24 | €10,944 | €7,292 | -€3,653 | -33.4% |
| Financial fixed assets | 28 | €15,000 | €18,450 | +€3,450 | +23.0% |
| Current assets | 29/58 | €166,542 | €121,052 | -€45,490 | -27.3% |
| Stocks and contracts in progress | 3 | €125,202 | €107,352 | -€17,850 | -14.3% |
| Stocks | 30/36 | €125,202 | €107,352 | -€17,850 | -14.3% |
| Amounts receivable within one year | 40/41 | €30,882 | €13,110 | -€17,772 | -57.5% |
| Trade receivables | 40 | €30,860 | €13,110 | -€17,750 | -57.5% |
| Other amounts receivable | 41 | €22 | €0 | -€22 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,907 | €22 | -€9,886 | -99.8% |
| Deferred charges and accrued income | 490/1 | €550 | €568 | +€18 | +3.2% |
| Total equity and liabilities | 10/49 | €192,486 | €146,793 | -€45,693 | -23.7% |
| Equity | 10/15 | -€168,617 | -€229,991 | -€61,374 | -36.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€173,617 | -€234,991 | -€61,374 | -35.4% |
| Amounts payable | 17/49 | €361,103 | €376,784 | +€15,681 | +4.3% |
| Amounts payable within one year | 42/48 | €300,719 | €338,063 | +€37,344 | +12.4% |
| Trade debts | 44 | €115,136 | €154,539 | +€39,403 | +34.2% |
| Suppliers | 440/4 | €115,136 | €154,539 | +€39,403 | +34.2% |
| Advances received on contracts in progress | 46 | €108,500 | €65,000 | -€43,500 | -40.1% |
| Taxes, remuneration and social security | 45 | €27,124 | €50,980 | +€23,855 | +87.9% |
| Taxes | 450/3 | €27,124 | €50,980 | +€23,855 | +87.9% |
| Other amounts payable | 47/48 | €49,958 | €67,544 | +€17,585 | +35.2% |
| Accrued charges and deferred income | 492/3 | €60,384 | €38,721 | -€21,662 | -35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,653 | €3,653 | = | 0.0% |
| Other operating charges | 640/8 | €7,202 | €1,945 | -€5,257 | -73.0% |
| Gross operating margin | 9900 | -€12,598 | -€51,068 | -€38,471 | -305.4% |
| Operating profit (loss) | 9901 | -€23,452 | -€56,666 | -€33,213 | -141.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €379 | €4,463 | +€4,084 | +1078.2% |
| Recurring financial charges | 65 | €379 | €4,463 | +€4,084 | +1078.2% |
| Profit (loss) for the period before taxes | 9903 | -€23,831 | -€61,128 | -€37,297 | -156.5% |
| Income taxes | 67/77 | €217 | €246 | +€29 | +13.5% |
| Profit (loss) for the period | 9904 | -€24,048 | -€61,374 | -€37,326 | -155.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,048 | -€61,374 | -€37,326 | -155.2% |
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 2 October 2026 via checked.be.