GÂTEAU: 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.
GÂTEAU
Largest movements
- Tangible fixed assets -€96,948
down €96,948 (-16.0%), from €604,282 to €507,334
- Receivables within one year +€32,110
up €32,110 (+110%), from €29,318 to €61,428
of which Other amounts receivable: +€16,144
- Deferred charges and accrued income -€20,379
down €20,379 (-83.1%), from €24,536 to €4,157
- Cash +€13,321
up €13,321 (+126%), from €10,607 to €23,928
mainly Accrued charges and deferred income (+€142,560) and Depreciation (+€102,744)
- Accrued charges and deferred income +€142,560
up €142,560 (+10,759%), from €1,325 to €143,885
- Debts after one year -€116,669
down €116,669 (-26.6%), from €438,598 to €321,929
- Trade debts -€41,440
down €41,440 (-36.7%), from €113,052 to €71,612
- Other debts -€31,456
down €31,456 (-57.8%), from €54,452 to €22,996
- Profit (loss) carried forward -€28,853
down €28,853 (-99.0%), from €29,150 to €296
- Staff costs +€72,473
up €72,473 (+15.8%), from €458,808 to €531,281
- Gross operating margin -€68,209
down €68,209 (-9.5%), from €716,383 to €648,174
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 | €866,632 | €787,535 | -€79,097 | -9.1% |
| Fixed assets | 21/28 | €765,863 | €668,743 | -€97,120 | -12.7% |
| Intangible fixed assets | 21 | €122 | - | -€122 | |
| Tangible fixed assets | 22/27 | €604,282 | €507,334 | -€96,948 | -16.0% |
| Land and buildings | 22 | €317,121 | €270,980 | -€46,142 | -14.6% |
| Plant, machinery and equipment | 23 | €94,040 | €76,584 | -€17,456 | -18.6% |
| Furniture and vehicles | 24 | €240 | €125 | -€115 | -48.0% |
| Leasing and similar rights | 25 | €192,881 | €159,645 | -€33,235 | -17.2% |
| Financial fixed assets | 28 | €161,459 | €161,409 | -€50 | 0.0% |
| Current assets | 29/58 | €100,769 | €118,792 | +€18,023 | +17.9% |
| Stocks and contracts in progress | 3 | €36,309 | €29,279 | -€7,030 | -19.4% |
| Stocks | 30/36 | €36,309 | €29,279 | -€7,030 | -19.4% |
| Amounts receivable within one year | 40/41 | €29,318 | €61,428 | +€32,110 | +110% |
| Trade receivables | 40 | - | €15,966 | +€15,966 | |
| Other amounts receivable | 41 | €29,318 | €45,462 | +€16,144 | +55.1% |
| Cash at bank and in hand | 54/58 | €10,607 | €23,928 | +€13,321 | +126% |
| Deferred charges and accrued income | 490/1 | €24,536 | €4,157 | -€20,379 | -83.1% |
| Total equity and liabilities | 10/49 | €866,632 | €787,535 | -€79,097 | -9.1% |
| Equity | 10/15 | €90,150 | €33,296 | -€56,853 | -63.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €31,000 | €3,000 | -€28,000 | -90.3% |
| Distributable reserves | 133 | €31,000 | €3,000 | -€28,000 | -90.3% |
| Profit (loss) carried forward | 14 | €29,150 | €296 | -€28,853 | -99.0% |
| Amounts payable | 17/49 | €776,483 | €754,238 | -€22,244 | -2.9% |
| Amounts payable after more than one year | 17 | €438,598 | €321,929 | -€116,669 | -26.6% |
| Financial debts | 170/4 | €438,598 | €321,929 | -€116,669 | -26.6% |
| Amounts payable within one year | 42/48 | €336,559 | €288,424 | -€48,136 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €127,844 | €126,546 | -€1,298 | -1.0% |
| Financial debts | 43 | €3 | €3 | = | 0.0% |
| Credit institutions | 430/8 | €3 | €3 | = | 0.0% |
| Trade debts | 44 | €113,052 | €71,612 | -€41,440 | -36.7% |
| Suppliers | 440/4 | €113,052 | €71,612 | -€41,440 | -36.7% |
| Taxes, remuneration and social security | 45 | €41,209 | €67,267 | +€26,058 | +63.2% |
| Taxes | 450/3 | €5,247 | €1,400 | -€3,847 | -73.3% |
| Remuneration and social security | 454/9 | €35,961 | €65,867 | +€29,906 | +83.2% |
| Other amounts payable | 47/48 | €54,452 | €22,996 | -€31,456 | -57.8% |
| Accrued charges and deferred income | 492/3 | €1,325 | €143,885 | +€142,560 | +10,759% |
| Remuneration, social security and pensions | 62 | €458,808 | €531,281 | +€72,473 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,436 | €102,744 | -€692 | -0.7% |
| Other operating charges | 640/8 | €1,893 | €4,964 | +€3,070 | +162% |
| Gross operating margin | 9900 | €716,383 | €648,174 | -€68,209 | -9.5% |
| Operating profit (loss) | 9901 | €152,246 | €9,185 | -€143,061 | -94.0% |
| Financial income | 75/76B | €15 | €7 | -€8 | -53.4% |
| Recurring financial income | 75 | €15 | €7 | -€8 | -53.4% |
| Financial charges | 65/66B | €36,285 | €37,900 | +€1,615 | +4.5% |
| Recurring financial charges | 65 | €36,285 | €37,900 | +€1,615 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €115,976 | -€28,708 | -€144,684 | |
| Income taxes | 67/77 | €4,932 | €145 | -€4,787 | -97.1% |
| Profit (loss) for the period | 9904 | €111,044 | -€28,853 | -€139,897 | |
| Profit (loss) for the period to be appropriated | 9905 | €111,044 | -€28,853 | -€139,897 |
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 16 October 2026 via checked.be.