Gateway Management: 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 Management
Largest movements
- Current investments +€101,644
up €101,644 (+50.8%), from €200,000 to €301,644
- Tangible fixed assets +€92,082
up €92,082, from €0 to €92,082
of which Furniture and vehicles: +€90,162
- Cash -€59,512
down €59,512 (-17.9%), from €332,921 to €273,409
mainly Current investments (-€101,644) and Investment in fixed assets (net) (-€98,030)
- Profit (loss) carried forward +€146,826
new in 2025: €146,826
- Other debts +€97,650
up €97,650 (+24260.9%), from €403 to €98,053
- Reserves -€97,056
down €97,056 (-18.7%), from €519,395 to €422,339
- Tax, wage and social debts -€14,376
down €14,376 (-47.5%), from €30,265 to €15,890
of which Taxes: -€12,176
- Gross operating margin +€19,863
up €19,863 (+11.5%), from €172,637 to €192,500
- Taxes -€8,934
down €8,934 (-18.1%), from €49,472 to €40,538
- Financial income +€2,496
up €2,496 (+4059.0%), from €62 to €2,558
- Depreciation +€2,308
up €2,308 (+63.4%), from €3,639 to €5,948
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 | €564,429 | €698,792 | +€134,363 | +23.8% |
| Fixed assets | 21/28 | €0 | €92,082 | +€92,082 | |
| Tangible fixed assets | 22/27 | €0 | €92,082 | +€92,082 | |
| Plant, machinery and equipment | 23 | - | €1,920 | +€1,920 | |
| Furniture and vehicles | 24 | €0 | €90,162 | +€90,162 | |
| Current assets | 29/58 | €564,429 | €606,710 | +€42,281 | +7.5% |
| Amounts receivable within one year | 40/41 | €29,304 | €27,194 | -€2,110 | -7.2% |
| Trade receivables | 40 | €19,965 | €19,965 | = | 0.0% |
| Other amounts receivable | 41 | €9,339 | €7,229 | -€2,110 | -22.6% |
| Current investments | 50/53 | €200,000 | €301,644 | +€101,644 | +50.8% |
| Cash at bank and in hand | 54/58 | €332,921 | €273,409 | -€59,512 | -17.9% |
| Deferred charges and accrued income | 490/1 | €2,204 | €4,462 | +€2,258 | +102.5% |
| Total equity and liabilities | 10/49 | €564,429 | €698,792 | +€134,363 | +23.8% |
| Equity | 10/15 | €529,395 | €579,165 | +€49,770 | +9.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €519,395 | €422,339 | -€97,056 | -18.7% |
| Distributable reserves | 133 | €519,395 | €422,339 | -€97,056 | -18.7% |
| Profit (loss) carried forward | 14 | - | €146,826 | +€146,826 | |
| Amounts payable | 17/49 | €35,034 | €119,627 | +€84,593 | +241.5% |
| Amounts payable within one year | 42/48 | €34,284 | €118,877 | +€84,593 | +246.7% |
| Trade debts | 44 | €3,616 | €4,935 | +€1,319 | +36.5% |
| Suppliers | 440/4 | €3,616 | €4,935 | +€1,319 | +36.5% |
| Taxes, remuneration and social security | 45 | €30,265 | €15,890 | -€14,376 | -47.5% |
| Taxes | 450/3 | €28,065 | €15,890 | -€12,176 | -43.4% |
| Remuneration and social security | 454/9 | €2,200 | €0 | -€2,200 | -100.0% |
| Other amounts payable | 47/48 | €403 | €98,053 | +€97,650 | +24260.9% |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,639 | €5,948 | +€2,308 | +63.4% |
| Other operating charges | 640/8 | €1,322 | €1,203 | -€119 | -9.0% |
| Gross operating margin | 9900 | €172,637 | €192,500 | +€19,863 | +11.5% |
| Operating profit (loss) | 9901 | €167,676 | €185,350 | +€17,674 | +10.5% |
| Financial income | 75/76B | €62 | €2,558 | +€2,496 | +4059.0% |
| Recurring financial income | 75 | €62 | €2,558 | +€2,496 | +4059.0% |
| Financial charges | 65/66B | €318 | €544 | +€226 | +71.2% |
| Recurring financial charges | 65 | €318 | €544 | +€226 | +71.2% |
| Profit (loss) for the period before taxes | 9903 | €167,420 | €187,364 | +€19,944 | +11.9% |
| Income taxes | 67/77 | €49,472 | €40,538 | -€8,934 | -18.1% |
| Profit (loss) for the period | 9904 | €117,947 | €146,826 | +€28,878 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €117,947 | €146,826 | +€28,878 | +24.5% |
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 12 October 2026 via checked.be.