Gate4EU: 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.
What changed
Gate4EU
NACE 52.250, Logistics services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€13,160
2024 · €13,038+€122
Equity
€2.9m
2024 · €2.9m+€13,160
Cash
€833,248
2024 · €398,200+€435,048
Balance sheet total
€6.6m
2024 · €5.4m+€1.2m
Largest movements
Assets
- Receivables within one year +€957,980
up €957,980 (+29.3%), from €3.3m to €4.2m
of which Trade receivables: +€953,715
- Cash +€435,048
up €435,048 (+109.3%), from €398,200 to €833,248
mainly Trade debts (+€626,184) and Accrued charges and deferred income (+€533,831)
- Tangible fixed assets -€158,048
down €158,048 (-18.9%), from €834,701 to €676,653
of which Furniture and vehicles: -€146,887
Equity and liabilities
- Trade debts +€626,184
up €626,184 (+26.8%), from €2.3m to €3.0m
- Accrued charges and deferred income +€533,831
up €533,831 (+13464.8%), from €3,965 to €537,795
Income statement
- Turnover +€31.9m
new in 2025: €31.9m
- Goods and materials +€27.9m
new in 2025: €27.9m
- Services and other goods +€2.2m
new in 2025: €2.2m
- Gross operating margin -€1.9m
no longer reported in 2025 (was €1.9m)
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.
Result 2024
€13,038
Turnover
+€31.9m
Other operating income
+€53,578
Goods and materials
-€27.9m
Services and other goods
-€2.2m
Staff costs
+€48,425
Depreciation
+€11,807
Other operating charges
+€157
Other operating items
-€1.9m
Financial income
+€173,132
Financial charges
-€164,142
Taxes
+€54,451
Result 2025
€13,160
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.
From operations
+€492,189
Investment
-€57,141
Financing
€0
Cash 2024
€398,200
From operations (derived)
+€492,189
Net result for the year
+€13,160
Depreciation
+€215,275
Receivables within one year
-€957,980
Deferred charges and accrued income
+€41,205
Trade debts
+€626,184
Tax, wage and social debts
+€20,514
Accrued charges and deferred income
+€533,831
Investment (derived)
-€57,141
Investment in fixed assets (net)
-€57,141
Cash 2025
€833,248
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,424,366 | €6,618,055 | +€1.2m | +22.0% |
| Formation expenses | 20 | €171 | €84 | -€87 | -50.7% |
| Fixed assets | 21/28 | €935,178 | €777,130 | -€158,048 | -16.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €834,701 | €676,653 | -€158,048 | -18.9% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €90,814 | €88,149 | -€2,665 | -2.9% |
| Furniture and vehicles | 24 | €608,624 | €461,737 | -€146,887 | -24.1% |
| Other tangible fixed assets | 26 | €135,262 | €126,767 | -€8,496 | -6.3% |
| Financial fixed assets | 28 | €100,477 | €100,477 | = | 0.0% |
| Affiliated companies | 280/1 | - | €100,000 | +€100,000 | |
| Participating interests | 280 | - | €100,000 | +€100,000 | |
| Other financial fixed assets | 284/8 | - | €477 | +€477 | |
| Amounts receivable and cash guarantees | 285/8 | - | €477 | +€477 | |
| Current assets | 29/58 | €4,489,017 | €5,840,841 | +€1.4m | +30.1% |
| Amounts receivable within one year | 40/41 | €3,264,598 | €4,222,578 | +€957,980 | +29.3% |
| Trade receivables | 40 | €2,390,114 | €3,343,828 | +€953,715 | +39.9% |
| Other amounts receivable | 41 | €874,485 | €878,750 | +€4,266 | +0.5% |
| Current investments | 50/53 | €759,900 | €759,900 | = | 0.0% |
| Other investments | 51/53 | - | €759,900 | +€759,900 | |
| Cash at bank and in hand | 54/58 | €398,200 | €833,248 | +€435,048 | +109.3% |
| Deferred charges and accrued income | 490/1 | €66,319 | €25,115 | -€41,205 | -62.1% |
| Total equity and liabilities | 10/49 | €5,424,366 | €6,618,055 | +€1.2m | +22.0% |
| Equity | 10/15 | €2,906,168 | €2,919,328 | +€13,160 | +0.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €2,756,168 | €2,769,328 | +€13,160 | +0.5% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €2,741,168 | €2,754,328 | +€13,160 | +0.5% |
| Amounts payable | 17/49 | €2,518,198 | €3,698,726 | +€1.2m | +46.9% |
| Amounts payable within one year | 42/48 | €2,514,233 | €3,160,931 | +€646,698 | +25.7% |
| Trade debts | 44 | €2,337,251 | €2,963,435 | +€626,184 | +26.8% |
| Suppliers | 440/4 | €2,337,251 | €2,963,435 | +€626,184 | +26.8% |
| Taxes, remuneration and social security | 45 | €176,983 | €197,496 | +€20,514 | +11.6% |
| Taxes | 450/3 | €72,460 | €65,831 | -€6,628 | -9.1% |
| Remuneration and social security | 454/9 | €104,523 | €131,665 | +€27,142 | +26.0% |
| Accrued charges and deferred income | 492/3 | €3,965 | €537,795 | +€533,831 | +13464.8% |
| Operating income | 70/76A | - | €31,968,769 | +€32.0m | |
| Turnover | 70 | - | €31,915,192 | +€31.9m | |
| Other operating income | 74 | - | €53,578 | +€53,578 | |
| Operating charges | 60/66A | - | €31,867,772 | +€31.9m | |
| Goods for resale, raw materials and consumables | 60 | - | €27,941,763 | +€27.9m | |
| Purchases | 600/8 | - | €27,941,763 | +€27.9m | |
| Services and other goods | 61 | - | €2,213,569 | +€2.2m | |
| Remuneration, social security and pensions | 62 | €1,527,184 | €1,478,759 | -€48,425 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €227,082 | €215,275 | -€11,807 | -5.2% |
| Other operating charges | 640/8 | €18,562 | €18,406 | -€157 | -0.8% |
| Gross operating margin | 9900 | €1,937,144 | - | -€1.9m | |
| Operating profit (loss) | 9901 | €164,316 | €100,997 | -€63,319 | -38.5% |
| Financial income | 75/76B | €10,492 | €183,625 | +€173,132 | +1650.1% |
| Recurring financial income | 75 | €10,492 | €183,625 | +€173,132 | +1650.1% |
| Other financial income | 752/9 | - | €183,625 | +€183,625 | |
| Financial charges | 65/66B | €42,428 | €206,569 | +€164,142 | +386.9% |
| Recurring financial charges | 65 | €42,428 | €206,569 | +€164,142 | +386.9% |
| Debt charges | 650 | - | €14,880 | +€14,880 | |
| Other financial charges | 652/9 | - | €191,689 | +€191,689 | |
| Profit (loss) for the period before taxes | 9903 | €132,381 | €78,052 | -€54,329 | -41.0% |
| Income taxes | 67/77 | €119,343 | €64,892 | -€54,451 | -45.6% |
| Taxes | 670/3 | - | €64,892 | +€64,892 | |
| Profit (loss) for the period | 9904 | €13,038 | €13,160 | +€122 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,038 | €13,160 | +€122 | +0.9% |
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.