Gate21 Projects: 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.
Gate21 Projects
Largest movements
- Deferred charges and accrued income +€73,482
up €73,482 (+4,831%), from €1,521 to €75,003
- Tangible fixed assets +€58,260
up €58,260 (+75.2%), from €77,492 to €135,752
of which Other tangible fixed assets: +€29,243
- Cash -€52,608
down €52,608 (-35.6%), from €147,762 to €95,154
mainly Investment in fixed assets (net) (-€74,145) and Deferred charges and accrued income (-€73,482)
- Receivables within one year +€35,275
up €35,275 (+966%), from €3,650 to €38,925
of which Trade receivables: +€24,527
- Trade debts +€113,668
up €113,668 (+116%), from €97,666 to €211,334
- Other debts +€28,297
up €28,297 (+180%), from €15,683 to €43,980
- Tax, wage and social debts -€26,748
down €26,748 (-62.5%), from €42,824 to €16,076
of which Remuneration and social security: -€15,263
- Debts after one year -€19,944
down €19,944 (-58.2%), from €34,296 to €14,352
- Profit (loss) carried forward +€13,485
up €13,485 (+74.6%), from €18,065 to €31,550
- Staff costs -€31,738
down €31,738 (-12.5%), from €253,245 to €221,507
- Gross operating margin -€13,722
down €13,722 (-4.7%), from €292,888 to €279,165
- Other operating charges +€11,429
up €11,429 (+734%), from €1,558 to €12,987
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 | €249,717 | €363,895 | +€114,178 | +45.7% |
| Fixed assets | 21/28 | €94,784 | €152,813 | +€58,029 | +61.2% |
| Intangible fixed assets | 21 | €2,309 | €2,078 | -€231 | -10.0% |
| Tangible fixed assets | 22/27 | €77,492 | €135,752 | +€58,260 | +75.2% |
| Plant, machinery and equipment | 23 | €21,810 | €48,676 | +€26,866 | +123% |
| Furniture and vehicles | 24 | €3,903 | €6,053 | +€2,150 | +55.1% |
| Other tangible fixed assets | 26 | €51,779 | €81,022 | +€29,243 | +56.5% |
| Financial fixed assets | 28 | €14,983 | €14,983 | = | 0.0% |
| Current assets | 29/58 | €154,934 | €211,083 | +€56,149 | +36.2% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,650 | €38,925 | +€35,275 | +966% |
| Trade receivables | 40 | - | €24,527 | +€24,527 | |
| Other amounts receivable | 41 | €3,650 | €14,399 | +€10,748 | +294% |
| Cash at bank and in hand | 54/58 | €147,762 | €95,154 | -€52,608 | -35.6% |
| Deferred charges and accrued income | 490/1 | €1,521 | €75,003 | +€73,482 | +4,831% |
| Total equity and liabilities | 10/49 | €249,717 | €363,895 | +€114,178 | +45.7% |
| Equity | 10/15 | €44,725 | €58,210 | +€13,485 | +30.2% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,065 | €31,550 | +€13,485 | +74.6% |
| Amounts payable | 17/49 | €204,992 | €305,686 | +€100,693 | +49.1% |
| Amounts payable after more than one year | 17 | €34,296 | €14,352 | -€19,944 | -58.2% |
| Financial debts | 170/4 | €34,296 | €14,352 | -€19,944 | -58.2% |
| Amounts payable within one year | 42/48 | €170,697 | €291,334 | +€120,637 | +70.7% |
| Current portion of amounts payable after more than one year | 42 | €14,523 | €19,944 | +€5,420 | +37.3% |
| Trade debts | 44 | €97,666 | €211,334 | +€113,668 | +116% |
| Suppliers | 440/4 | €97,666 | €211,334 | +€113,668 | +116% |
| Taxes, remuneration and social security | 45 | €42,824 | €16,076 | -€26,748 | -62.5% |
| Taxes | 450/3 | €16,460 | €4,975 | -€11,485 | -69.8% |
| Remuneration and social security | 454/9 | €26,364 | €11,101 | -€15,263 | -57.9% |
| Other amounts payable | 47/48 | €15,683 | €43,980 | +€28,297 | +180% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €253,245 | €221,507 | -€31,738 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,091 | €16,116 | -€1,975 | -10.9% |
| Other operating charges | 640/8 | €1,558 | €12,987 | +€11,429 | +734% |
| Gross operating margin | 9900 | €292,888 | €279,165 | -€13,722 | -4.7% |
| Operating profit (loss) | 9901 | €19,994 | €28,556 | +€8,562 | +42.8% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.7% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.7% |
| Financial charges | 65/66B | €6,380 | €8,840 | +€2,461 | +38.6% |
| Recurring financial charges | 65 | €6,380 | €8,840 | +€2,461 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | €13,618 | €19,715 | +€6,097 | +44.8% |
| Income taxes | 67/77 | €4,400 | €6,230 | +€1,830 | +41.6% |
| Profit (loss) for the period | 9904 | €9,217 | €13,485 | +€4,267 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,217 | €13,485 | +€4,267 | +46.3% |
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 17 October 2026 via checked.be.