GATEC: 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.
GATEC
Largest movements
- Cash +€251,732
up €251,732 (+63.7%), from €395,348 to €647,080
mainly Net result for the year (+€478,785) and Depreciation (+€32,904)
- Receivables within one year +€35,471
up €35,471 (+12.5%), from €284,283 to €319,754
of which Other amounts receivable: +€40,222
- Tangible fixed assets -€30,099
down €30,099 (-49.2%), from €61,158 to €31,058
of which Furniture and vehicles: -€27,095
- Deferred charges and accrued income +€14,763
up €14,763 (+141%), from €10,470 to €25,233
- Reserves +€168,400
up €168,400 (+98.5%), from €171,000 to €339,400
of which Tax-exempt reserves: +€168,400
- Profit (loss) carried forward +€110,385
up €110,385 (+147%), from €74,858 to €185,243
- Advances received -€27,878
down €27,878 (-100%), from €27,878 to €0
- Provisions +€24,800
up €24,800 (+25.2%), from €98,400 to €123,200
- Debts after one year -€17,692
down €17,692 (-58.1%), from €30,448 to €12,755
- Gross operating margin +€398,135
up €398,135 (+84.1%), from €473,206 to €871,341
- Taxes +€81,683
up €81,683 (+108%), from €75,571 to €157,255
- Staff costs +€59,381
up €59,381 (+89.7%), from €66,214 to €125,596
- Provisions -€33,600
down €33,600 (-57.5%), from €58,400 to €24,800
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 | €751,433 | €1,023,300 | +€271,867 | +36.2% |
| Fixed assets | 21/28 | €61,333 | €31,233 | -€30,099 | -49.1% |
| Tangible fixed assets | 22/27 | €61,158 | €31,058 | -€30,099 | -49.2% |
| Plant, machinery and equipment | 23 | €11,749 | €8,745 | -€3,004 | -25.6% |
| Furniture and vehicles | 24 | €49,409 | €22,314 | -€27,095 | -54.8% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €690,101 | €992,067 | +€301,966 | +43.8% |
| Amounts receivable within one year | 40/41 | €284,283 | €319,754 | +€35,471 | +12.5% |
| Trade receivables | 40 | €283,972 | €279,222 | -€4,750 | -1.7% |
| Other amounts receivable | 41 | €311 | €40,533 | +€40,222 | +12,935% |
| Cash at bank and in hand | 54/58 | €395,348 | €647,080 | +€251,732 | +63.7% |
| Deferred charges and accrued income | 490/1 | €10,470 | €25,233 | +€14,763 | +141% |
| Total equity and liabilities | 10/49 | €751,433 | €1,023,300 | +€271,867 | +36.2% |
| Equity | 10/15 | €265,858 | €544,643 | +€278,785 | +105% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €171,000 | €339,400 | +€168,400 | +98.5% |
| Tax-exempt reserves | 132 | - | €168,400 | +€168,400 | |
| Distributable reserves | 133 | €171,000 | €171,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,858 | €185,243 | +€110,385 | +147% |
| Provisions and deferred taxes | 16 | €98,400 | €123,200 | +€24,800 | +25.2% |
| Provisions for liabilities and charges | 160/5 | €98,400 | €123,200 | +€24,800 | +25.2% |
| Other liabilities and charges | 164/5 | €98,400 | €123,200 | +€24,800 | +25.2% |
| Amounts payable | 17/49 | €387,176 | €355,458 | -€31,718 | -8.2% |
| Amounts payable after more than one year | 17 | €30,448 | €12,755 | -€17,692 | -58.1% |
| Financial debts | 170/4 | €30,448 | €12,755 | -€17,692 | -58.1% |
| Amounts payable within one year | 42/48 | €356,728 | €341,115 | -€15,613 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €25,142 | €17,692 | -€7,449 | -29.6% |
| Trade debts | 44 | €110,665 | €122,764 | +€12,099 | +10.9% |
| Suppliers | 440/4 | €110,665 | €122,764 | +€12,099 | +10.9% |
| Advances received on contracts in progress | 46 | €27,878 | €0 | -€27,878 | -100% |
| Taxes, remuneration and social security | 45 | €29,867 | €20,406 | -€9,461 | -31.7% |
| Taxes | 450/3 | €21,428 | €6,026 | -€15,402 | -71.9% |
| Remuneration and social security | 454/9 | €8,439 | €14,380 | +€5,942 | +70.4% |
| Other amounts payable | 47/48 | €163,177 | €180,252 | +€17,076 | +10.5% |
| Accrued charges and deferred income | 492/3 | €0 | €1,587 | +€1,587 | |
| Non-recurring operating income | 76A | - | €181 | +€181 | |
| Remuneration, social security and pensions | 62 | €66,214 | €125,596 | +€59,381 | +89.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,753 | €32,904 | -€5,849 | -15.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €58,400 | €24,800 | -€33,600 | -57.5% |
| Other operating charges | 640/8 | €2,111 | €3,008 | +€897 | +42.5% |
| Gross operating margin | 9900 | €473,206 | €871,341 | +€398,135 | +84.1% |
| Operating profit (loss) | 9901 | €307,727 | €685,033 | +€377,306 | +123% |
| Financial income | 75/76B | €83 | €44 | -€38 | -46.2% |
| Recurring financial income | 75 | €83 | €44 | -€38 | -46.2% |
| Financial charges | 65/66B | €46,309 | €49,037 | +€2,729 | +5.9% |
| Recurring financial charges | 65 | €46,309 | €49,037 | +€2,729 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €261,501 | €636,040 | +€374,539 | +143% |
| Income taxes | 67/77 | €75,571 | €157,255 | +€81,683 | +108% |
| Profit (loss) for the period | 9904 | €185,930 | €478,785 | +€292,855 | +158% |
| Transfer to tax-exempt reserves | 689 | - | €168,400 | +€168,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €185,930 | €310,385 | +€124,455 | +66.9% |
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 28 October 2026 via checked.be.