GATHY: 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.
GATHY
Largest movements
- Receivables within one year +€79,639
up €79,639 (+120.0%), from €66,390 to €146,029
of which Trade receivables: +€85,100
- Tangible fixed assets +€29,678
up €29,678 (+23.4%), from €126,939 to €156,617
of which Furniture and vehicles: +€31,003
- Debts after one year +€43,907
up €43,907 (+61.4%), from €71,475 to €115,382
- Trade debts +€40,685
up €40,685 (+50.4%), from €80,746 to €121,430
- Profit (loss) carried forward -€25,020
down €25,020 (-42.5%), from -€58,918 to -€83,939
- Other debts +€23,794
up €23,794 (+153.5%), from €15,505 to €39,299
- Current portion of long-term debt +€22,655
up €22,655 (+79.8%), from €28,400 to €51,055
- Gross operating margin +€99,785
up €99,785, from -€10,550 to €89,235
- Staff costs +€59,696
new in 2025: €59,696
- Depreciation +€9,747
up €9,747 (+31.4%), from €31,070 to €40,817
- Other operating charges -€6,494
down €6,494 (-48.5%), from €13,388 to €6,894
- Financial charges +€2,884
up €2,884 (+52.6%), from €5,480 to €8,364
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,485 | €306,634 | +€112,149 | +57.7% |
| Fixed assets | 21/28 | €127,074 | €156,962 | +€29,888 | +23.5% |
| Tangible fixed assets | 22/27 | €126,939 | €156,617 | +€29,678 | +23.4% |
| Plant, machinery and equipment | 23 | €3,228 | €1,903 | -€1,325 | -41.1% |
| Furniture and vehicles | 24 | €123,712 | €154,714 | +€31,003 | +25.1% |
| Financial fixed assets | 28 | €135 | €345 | +€210 | +155.6% |
| Current assets | 29/58 | €67,411 | €149,672 | +€82,261 | +122.0% |
| Amounts receivable within one year | 40/41 | €66,390 | €146,029 | +€79,639 | +120.0% |
| Trade receivables | 40 | €60,623 | €145,723 | +€85,100 | +140.4% |
| Other amounts receivable | 41 | €5,767 | €306 | -€5,461 | -94.7% |
| Deferred charges and accrued income | 490/1 | €1,020 | €3,643 | +€2,622 | +256.9% |
| Total equity and liabilities | 10/49 | €194,485 | €306,634 | +€112,149 | +57.7% |
| Equity | 10/15 | -€38,918 | -€63,939 | -€25,020 | -64.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,918 | -€83,939 | -€25,020 | -42.5% |
| Amounts payable | 17/49 | €233,403 | €370,572 | +€137,169 | +58.8% |
| Amounts payable after more than one year | 17 | €71,475 | €115,382 | +€43,907 | +61.4% |
| Financial debts | 170/4 | €71,475 | €115,382 | +€43,907 | +61.4% |
| Amounts payable within one year | 42/48 | €161,929 | €255,190 | +€93,262 | +57.6% |
| Current portion of amounts payable after more than one year | 42 | €28,400 | €51,055 | +€22,655 | +79.8% |
| Financial debts | 43 | €21,354 | €19,044 | -€2,310 | -10.8% |
| Credit institutions | 430/8 | €21,354 | €19,044 | -€2,310 | -10.8% |
| Trade debts | 44 | €80,746 | €121,430 | +€40,685 | +50.4% |
| Suppliers | 440/4 | €80,746 | €121,430 | +€40,685 | +50.4% |
| Taxes, remuneration and social security | 45 | €15,924 | €24,362 | +€8,438 | +53.0% |
| Taxes | 450/3 | €15,924 | €15,333 | -€591 | -3.7% |
| Remuneration and social security | 454/9 | - | €9,029 | +€9,029 | |
| Other amounts payable | 47/48 | €15,505 | €39,299 | +€23,794 | +153.5% |
| Remuneration, social security and pensions | 62 | - | €59,696 | +€59,696 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,070 | €40,817 | +€9,747 | +31.4% |
| Other operating charges | 640/8 | €13,388 | €6,894 | -€6,494 | -48.5% |
| Gross operating margin | 9900 | -€10,550 | €89,235 | +€99,785 | |
| Operating profit (loss) | 9901 | -€55,009 | -€18,173 | +€36,836 | +67.0% |
| Financial income | 75/76B | €9 | €1,516 | +€1,507 | +16522.8% |
| Recurring financial income | 75 | €9 | €1,516 | +€1,507 | +16522.8% |
| Financial charges | 65/66B | €5,480 | €8,364 | +€2,884 | +52.6% |
| Recurring financial charges | 65 | €5,480 | €8,364 | +€2,884 | +52.6% |
| Profit (loss) for the period before taxes | 9903 | -€60,479 | -€25,020 | +€35,459 | +58.6% |
| Income taxes | 67/77 | -€48 | - | +€48 | |
| Profit (loss) for the period | 9904 | -€60,431 | -€25,020 | +€35,411 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,431 | -€25,020 | +€35,411 | +58.6% |
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 10 October 2026 via checked.be.