Gateway Cargo Systems: 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.
Gateway Cargo Systems
Largest movements
- Receivables within one year +€58,822
up €58,822 (+229%), from €25,733 to €84,556
of which Trade receivables: +€65,279
- Cash +€5,844
up €5,844 (+30.6%), from €19,123 to €24,967
mainly Debts after one year (+€149,743) and Trade debts (+€72,813)
- Tangible fixed assets -€2,627
down €2,627 (-42.0%), from €6,259 to €3,632
of which Plant, machinery and equipment: -€1,969
- Debts after one year +€149,743
up €149,743 (+33.7%), from €445,000 to €594,743
- Profit (loss) carried forward -€137,085
down €137,085 (-24.1%), from -€568,048 to -€705,133
- Trade debts +€72,813
up €72,813 (+97.9%), from €74,392 to €147,205
- Current portion of long-term debt -€30,000
no longer reported in 2025 (was €30,000)
- Tax, wage and social debts +€5,826
up €5,826 (+15.3%), from €38,037 to €43,864
of which Taxes: +€7,582
- Gross operating margin +€110,101
up €110,101 (+87.4%), from €125,908 to €236,009
- Staff costs -€11,898
down €11,898 (-3.6%), from €334,520 to €322,622
- Financial income -€11,510
down €11,510 (-96.2%), from €11,961 to €451
- Other operating charges +€4,318
up €4,318 (+117%), from €3,675 to €7,993
- Financial charges -€4,024
down €4,024 (-39.4%), from €10,222 to €6,199
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 | €69,381 | €131,421 | +€62,040 | +89.4% |
| Fixed assets | 21/28 | €24,525 | €21,898 | -€2,627 | -10.7% |
| Tangible fixed assets | 22/27 | €6,259 | €3,632 | -€2,627 | -42.0% |
| Plant, machinery and equipment | 23 | €4,790 | €2,821 | -€1,969 | -41.1% |
| Furniture and vehicles | 24 | €1,469 | €812 | -€658 | -44.8% |
| Financial fixed assets | 28 | €18,266 | €18,266 | = | 0.0% |
| Current assets | 29/58 | €44,856 | €109,523 | +€64,667 | +144% |
| Amounts receivable within one year | 40/41 | €25,733 | €84,556 | +€58,822 | +229% |
| Trade receivables | 40 | €19,277 | €84,556 | +€65,279 | +339% |
| Other amounts receivable | 41 | €6,457 | - | -€6,457 | |
| Cash at bank and in hand | 54/58 | €19,123 | €24,967 | +€5,844 | +30.6% |
| Total equity and liabilities | 10/49 | €69,381 | €131,421 | +€62,040 | +89.4% |
| Equity | 10/15 | -€518,048 | -€655,133 | -€137,085 | -26.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€568,048 | -€705,133 | -€137,085 | -24.1% |
| Amounts payable | 17/49 | €587,429 | €786,554 | +€199,125 | +33.9% |
| Amounts payable after more than one year | 17 | €445,000 | €594,743 | +€149,743 | +33.7% |
| Financial debts | 170/4 | €445,000 | €594,743 | +€149,743 | +33.7% |
| Amounts payable within one year | 42/48 | €142,429 | €191,068 | +€48,639 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | - | -€30,000 | |
| Trade debts | 44 | €74,392 | €147,205 | +€72,813 | +97.9% |
| Suppliers | 440/4 | €74,392 | €147,205 | +€72,813 | +97.9% |
| Taxes, remuneration and social security | 45 | €38,037 | €43,864 | +€5,826 | +15.3% |
| Taxes | 450/3 | €194 | €7,776 | +€7,582 | +3,905% |
| Remuneration and social security | 454/9 | €37,843 | €36,087 | -€1,756 | -4.6% |
| Accrued charges and deferred income | 492/3 | - | €742 | +€742 | |
| Remuneration, social security and pensions | 62 | €334,520 | €322,622 | -€11,898 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,795 | €2,627 | +€832 | +46.4% |
| Other operating charges | 640/8 | €3,675 | €7,993 | +€4,318 | +117% |
| Non-recurring operating charges | 66A | - | €33,806 | +€33,806 | |
| Gross operating margin | 9900 | €125,908 | €236,009 | +€110,101 | +87.4% |
| Operating profit (loss) | 9901 | -€214,081 | -€131,038 | +€83,043 | +38.8% |
| Financial income | 75/76B | €11,961 | €451 | -€11,510 | -96.2% |
| Recurring financial income | 75 | €11,961 | €451 | -€11,510 | -96.2% |
| Financial charges | 65/66B | €10,222 | €6,199 | -€4,024 | -39.4% |
| Recurring financial charges | 65 | €10,222 | €6,199 | -€4,024 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | -€212,342 | -€136,786 | +€75,556 | +35.6% |
| Income taxes | 67/77 | €194 | €299 | +€105 | +53.8% |
| Profit (loss) for the period | 9904 | -€212,537 | -€137,085 | +€75,452 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€212,537 | -€137,085 | +€75,452 | +35.5% |
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.