GATHY & CIE: what changed
What changed
GATHY & CIE
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€110,824
2024 · €97,753+€13,071
Equity
€801,720
2024 · €840,895-€39,176
Cash
€345,716
2024 · €261,144+€84,572
Balance sheet total
€1.2m
2024 · €1.1m+€84,639
Largest movements
Assets
- Cash +€84,572
up €84,572 (+32.4%), from €261,144 to €345,716
mainly Other debts (+€135,856) and Net result for the year (+€110,824)
- Stocks and contracts +€81,675
up €81,675 (+42.0%), from €194,392 to €276,067
- Receivables within one year -€81,072
down €81,072 (-19.5%), from €414,846 to €333,774
of which Trade receivables: -€92,523
- Financial fixed assets +€21,150
new in 2025: €21,150
- Intangible fixed assets -€15,455
down €15,455 (-42.6%), from €36,271 to €20,816
Equity and liabilities
- Reserves -€150,000
down €150,000 (-24.8%), from €604,473 to €454,473
of which Distributable reserves: -€150,000
- Other debts +€135,856
up €135,856 (+601%), from €22,603 to €158,459
- Profit (loss) carried forward +€110,824
up €110,824 (+63.5%), from €174,435 to €285,259
- Trade debts -€45,581
down €45,581 (-38.1%), from €119,595 to €74,014
- Tax, wage and social debts +€22,631
up €22,631 (+190%), from €11,905 to €34,535
of which Taxes: +€14,429
Income statement
- Staff costs -€48,617
down €48,617 (-7.3%), from €666,245 to €617,627
- Gross operating margin -€35,791
down €35,791 (-4.1%), from €872,142 to €836,351
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€97,753
Gross operating margin
-€35,791
Staff costs
+€48,617
Depreciation
-€4,184
Other operating charges
-€445
Financial income
+€277
Financial charges
-€762
Taxes
+€5,357
Result 2025
€110,824
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€317,014
Investment
-€80,825
Financing
-€151,616
Cash 2024
€261,144
From operations (derived)
+€317,014
Net result for the year
+€110,824
Depreciation
+€70,762
Stocks and contracts
-€81,675
Receivables within one year
+€81,072
Deferred charges and accrued income
+€10,599
Trade debts
-€45,581
Tax, wage and social debts
+€22,631
Other debts
+€135,856
Accrued charges and deferred income
+€12,526
Investment (derived)
-€80,825
Investment in fixed assets (net)
-€80,825
Financing
-€151,616
Debts after one year
+€876
Current portion of long-term debt
-€2,441
Short-term financial debts
-€51
Contributions, distributions and other
-€150,000
Cash 2025
€345,716
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,132,177 | €1,216,817 | +€84,639 | +7.5% |
| Fixed assets | 21/28 | €182,197 | €192,260 | +€10,063 | +5.5% |
| Intangible fixed assets | 21 | €36,271 | €20,816 | -€15,455 | -42.6% |
| Tangible fixed assets | 22/27 | €145,926 | €150,294 | +€4,368 | +3.0% |
| Land and buildings | 22 | €2,753 | €1,843 | -€910 | -33.1% |
| Plant, machinery and equipment | 23 | €17,711 | €20,240 | +€2,530 | +14.3% |
| Furniture and vehicles | 24 | €125,462 | €128,211 | +€2,749 | +2.2% |
| Financial fixed assets | 28 | - | €21,150 | +€21,150 | |
| Current assets | 29/58 | €949,981 | €1,024,557 | +€74,576 | +7.9% |
| Stocks and contracts in progress | 3 | €194,392 | €276,067 | +€81,675 | +42.0% |
| Stocks | 30/36 | €194,392 | €276,067 | +€81,675 | +42.0% |
| Amounts receivable within one year | 40/41 | €414,846 | €333,774 | -€81,072 | -19.5% |
| Trade receivables | 40 | €410,972 | €318,448 | -€92,523 | -22.5% |
| Other amounts receivable | 41 | €3,875 | €15,326 | +€11,451 | +296% |
| Current investments | 50/53 | €69,000 | €69,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €261,144 | €345,716 | +€84,572 | +32.4% |
| Deferred charges and accrued income | 490/1 | €10,599 | - | -€10,599 | |
| Total equity and liabilities | 10/49 | €1,132,177 | €1,216,817 | +€84,639 | +7.5% |
| Equity | 10/15 | €840,895 | €801,720 | -€39,176 | -4.7% |
| Contributions | 10/11 | €61,987 | €61,987 | = | 0.0% |
| Capital | 10 | €61,987 | €61,987 | = | 0.0% |
| Issued capital | 100 | €61,987 | €61,987 | = | 0.0% |
| Reserves | 13 | €604,473 | €454,473 | -€150,000 | -24.8% |
| Non-distributable reserves | 130/1 | €148,838 | €148,838 | = | 0.0% |
| Legal reserve | 130 | €14,000 | €14,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €65,838 | +€65,838 | |
| Own shares acquired | 1312 | €69,000 | €69,000 | = | 0.0% |
| Other | 1319 | €65,838 | - | -€65,838 | |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €418,135 | €268,135 | -€150,000 | -35.9% |
| Profit (loss) carried forward | 14 | €174,435 | €285,259 | +€110,824 | +63.5% |
| Amounts payable | 17/49 | €291,282 | €415,097 | +€123,815 | +42.5% |
| Amounts payable after more than one year | 17 | €86,463 | €87,339 | +€876 | +1.0% |
| Financial debts | 170/4 | €86,463 | €87,339 | +€876 | +1.0% |
| Amounts payable within one year | 42/48 | €204,819 | €315,233 | +€110,414 | +53.9% |
| Current portion of amounts payable after more than one year | 42 | €50,665 | €48,224 | -€2,441 | -4.8% |
| Financial debts | 43 | €51 | - | -€51 | |
| Credit institutions | 430/8 | €51 | - | -€51 | |
| Trade debts | 44 | €119,595 | €74,014 | -€45,581 | -38.1% |
| Suppliers | 440/4 | €119,595 | €74,014 | -€45,581 | -38.1% |
| Taxes, remuneration and social security | 45 | €11,905 | €34,535 | +€22,631 | +190% |
| Taxes | 450/3 | €1,432 | €15,860 | +€14,429 | +1,008% |
| Remuneration and social security | 454/9 | €10,473 | €18,675 | +€8,202 | +78.3% |
| Other amounts payable | 47/48 | €22,603 | €158,459 | +€135,856 | +601% |
| Accrued charges and deferred income | 492/3 | - | €12,526 | +€12,526 | |
| Remuneration, social security and pensions | 62 | €666,245 | €617,627 | -€48,617 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,578 | €70,762 | +€4,184 | +6.3% |
| Other operating charges | 640/8 | €4,372 | €4,817 | +€445 | +10.2% |
| Gross operating margin | 9900 | €872,142 | €836,351 | -€35,791 | -4.1% |
| Operating profit (loss) | 9901 | €134,947 | €143,145 | +€8,198 | +6.1% |
| Financial income | 75/76B | €5,479 | €5,756 | +€277 | +5.1% |
| Recurring financial income | 75 | €5,479 | €5,756 | +€277 | +5.1% |
| Financial charges | 65/66B | €3,107 | €3,869 | +€762 | +24.5% |
| Recurring financial charges | 65 | €3,107 | €3,869 | +€762 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €137,319 | €145,032 | +€7,713 | +5.6% |
| Income taxes | 67/77 | €39,566 | €34,208 | -€5,357 | -13.5% |
| Profit (loss) for the period | 9904 | €97,753 | €110,824 | +€13,071 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €97,753 | €110,824 | +€13,071 | +13.4% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.