GATE55: 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.
GATE55
Largest movements
- Cash -€121,462
down €121,462 (-69.8%), from €174,072 to €52,609
mainly Other debts (-€121,888) and Investment in fixed assets (net) (-€78,250)
- Tangible fixed assets +€76,088
up €76,088 (+4850.1%), from €1,569 to €77,657
- Receivables within one year +€6,637
up €6,637 (+16.9%), from €39,179 to €45,816
of which Other amounts receivable: +€5,734
- Other debts -€121,888
down €121,888 (-28.9%), from €421,333 to €299,445
- Debts after one year +€56,739
new in 2025: €56,739
- Current portion of long-term debt +€13,076
new in 2025: €13,076
- Accrued charges and deferred income +€13,064
up €13,064 (+550.4%), from €2,374 to €15,437
- Tax, wage and social debts -€4,865
down €4,865 (-36.3%), from €13,420 to €8,555
- Gross operating margin -€45,107
down €45,107 (-60.5%), from €74,516 to €29,410
- Taxes -€10,773
down €10,773 (-84.7%), from €12,712 to €1,939
- Financial charges -€3,722
down €3,722 (-14.1%), from €26,454 to €22,732
- Depreciation +€1,017
up €1,017 (+88.8%), from €1,145 to €2,162
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 | €415,754 | €376,868 | -€38,886 | -9.4% |
| Fixed assets | 21/28 | €201,569 | €277,657 | +€76,088 | +37.7% |
| Tangible fixed assets | 22/27 | €1,569 | €77,657 | +€76,088 | +4850.1% |
| Furniture and vehicles | 24 | €1,569 | €77,657 | +€76,088 | +4850.1% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €214,185 | €99,211 | -€114,974 | -53.7% |
| Amounts receivable within one year | 40/41 | €39,179 | €45,816 | +€6,637 | +16.9% |
| Trade receivables | 40 | €36,891 | €37,794 | +€903 | +2.4% |
| Other amounts receivable | 41 | €2,288 | €8,022 | +€5,734 | +250.6% |
| Cash at bank and in hand | 54/58 | €174,072 | €52,609 | -€121,462 | -69.8% |
| Deferred charges and accrued income | 490/1 | €935 | €786 | -€149 | -15.9% |
| Total equity and liabilities | 10/49 | €415,754 | €376,868 | -€38,886 | -9.4% |
| Equity | 10/15 | -€24,509 | -€22,459 | +€2,050 | +8.4% |
| Contributions | 10/11 | €3,091,535 | €3,091,535 | = | 0.0% |
| Capital | 10 | €3,091,535 | €3,091,535 | = | 0.0% |
| Issued capital | 100 | €3,091,535 | €3,091,535 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,116,044 | -€3,113,994 | +€2,050 | +0.1% |
| Amounts payable | 17/49 | €440,263 | €399,327 | -€40,936 | -9.3% |
| Amounts payable after more than one year | 17 | - | €56,739 | +€56,739 | |
| Financial debts | 170/4 | - | €56,739 | +€56,739 | |
| Amounts payable within one year | 42/48 | €437,890 | €327,150 | -€110,739 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | - | €13,076 | +€13,076 | |
| Trade debts | 44 | €3,137 | €6,074 | +€2,937 | +93.6% |
| Suppliers | 440/4 | €3,137 | €6,074 | +€2,937 | +93.6% |
| Taxes, remuneration and social security | 45 | €13,420 | €8,555 | -€4,865 | -36.3% |
| Taxes | 450/3 | €13,420 | €8,555 | -€4,865 | -36.3% |
| Other amounts payable | 47/48 | €421,333 | €299,445 | -€121,888 | -28.9% |
| Accrued charges and deferred income | 492/3 | €2,374 | €15,437 | +€13,064 | +550.4% |
| Non-recurring operating income | 76A | €565 | €0 | -€565 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,145 | €2,162 | +€1,017 | +88.8% |
| Other operating charges | 640/8 | €676 | €527 | -€149 | -22.0% |
| Gross operating margin | 9900 | €74,516 | €29,410 | -€45,107 | -60.5% |
| Operating profit (loss) | 9901 | €72,695 | €26,721 | -€45,974 | -63.2% |
| Financial charges | 65/66B | €26,454 | €22,732 | -€3,722 | -14.1% |
| Recurring financial charges | 65 | €26,454 | €22,732 | -€3,722 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €46,241 | €3,989 | -€42,252 | -91.4% |
| Income taxes | 67/77 | €12,712 | €1,939 | -€10,773 | -84.7% |
| Profit (loss) for the period | 9904 | €33,529 | €2,050 | -€31,479 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,529 | €2,050 | -€31,479 | -93.9% |
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 11 October 2026 via checked.be.