GATRICON: what changed
GATRICON
Largest movements
- Receivables within one year -€47,892
down €47,892 (-49.0%), from €97,777 to €49,885
of which Trade receivables: -€40,857
- Stocks and contracts +€25,115
up €25,115 (+112%), from €22,414 to €47,529
- Deferred charges and accrued income -€11,632
down €11,632 (-86.8%), from €13,401 to €1,769
- Cash -€6,232
down €6,232 (-36.5%), from €17,084 to €10,851
mainly Current portion of long-term debt (-€45,689) and Contributions, distributions and other (-€30,000)
- Tangible fixed assets +€1,870
up €1,870 (+49.6%), from €3,768 to €5,638
of which Furniture and vehicles: +€3,054
- Short-term financial debts +€50,557
up €50,557 (+5,056%), from €1,000 to €51,557
- Current portion of long-term debt -€45,689
down €45,689 (-85.9%), from €53,193 to €7,504
- Reserves -€40,849
down €40,849 (-70.6%), from €57,849 to €17,000
- Trade debts +€16,525
up €16,525 (+122%), from €13,532 to €30,056
- Profit (loss) carried forward -€6,949
down €6,949 (-81.6%), from €8,518 to €1,569
- Gross operating margin +€20,260
up €20,260 (+64.8%), from €31,288 to €51,548
- Staff costs +€7,518
up €7,518 (+15.9%), from €47,253 to €54,770
- Taxes +€2,417
up €2,417 (+161%), from €1,498 to €3,915
- Financial income +€1,202
up €1,202 (+601%), from €200 to €1,402
of which Financial income: +€1,202
- Financial charges +€994
up €994 (+14.2%), from €6,992 to €7,986
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,443 | €115,671 | -€38,772 | -25.1% |
| Fixed assets | 21/28 | €3,768 | €5,638 | +€1,870 | +49.6% |
| Tangible fixed assets | 22/27 | €3,768 | €5,638 | +€1,870 | +49.6% |
| Land and buildings | 22 | €917 | €611 | -€306 | -33.3% |
| Plant, machinery and equipment | 23 | €2,058 | €1,180 | -€878 | -42.7% |
| Furniture and vehicles | 24 | €793 | €3,847 | +€3,054 | +385% |
| Current assets | 29/58 | €150,675 | €110,033 | -€40,642 | -27.0% |
| Stocks and contracts in progress | 3 | €22,414 | €47,529 | +€25,115 | +112% |
| Contracts in progress | 37 | €22,414 | €47,529 | +€25,115 | +112% |
| Amounts receivable within one year | 40/41 | €97,777 | €49,885 | -€47,892 | -49.0% |
| Trade receivables | 40 | €54,121 | €13,264 | -€40,857 | -75.5% |
| Other amounts receivable | 41 | €43,657 | €36,621 | -€7,036 | -16.1% |
| Cash at bank and in hand | 54/58 | €17,084 | €10,851 | -€6,232 | -36.5% |
| Deferred charges and accrued income | 490/1 | €13,401 | €1,769 | -€11,632 | -86.8% |
| Total equity and liabilities | 10/49 | €154,443 | €115,671 | -€38,772 | -25.1% |
| Equity | 10/15 | €70,367 | €22,569 | -€47,797 | -67.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €57,849 | €17,000 | -€40,849 | -70.6% |
| Distributable reserves | 133 | €57,849 | €17,000 | -€40,849 | -70.6% |
| Profit (loss) carried forward | 14 | €8,518 | €1,569 | -€6,949 | -81.6% |
| Amounts payable | 17/49 | €84,076 | €93,102 | +€9,026 | +10.7% |
| Amounts payable after more than one year | 17 | €5,787 | €2,387 | -€3,399 | -58.7% |
| Financial debts | 170/4 | €5,787 | €2,387 | -€3,399 | -58.7% |
| Amounts payable within one year | 42/48 | €74,123 | €90,714 | +€16,592 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €53,193 | €7,504 | -€45,689 | -85.9% |
| Financial debts | 43 | €1,000 | €51,557 | +€50,557 | +5,056% |
| Credit institutions | 430/8 | €1,000 | €51,557 | +€50,557 | +5,056% |
| Trade debts | 44 | €13,532 | €30,056 | +€16,525 | +122% |
| Suppliers | 440/4 | €13,532 | €30,056 | +€16,525 | +122% |
| Taxes, remuneration and social security | 45 | €6,398 | €1,597 | -€4,801 | -75.0% |
| Taxes | 450/3 | €5,319 | €600 | -€4,719 | -88.7% |
| Remuneration and social security | 454/9 | €1,079 | €997 | -€82 | -7.6% |
| Accrued charges and deferred income | 492/3 | €4,167 | €0 | -€4,167 | -100% |
| Remuneration, social security and pensions | 62 | €47,253 | €54,770 | +€7,518 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,871 | €2,434 | -€437 | -15.2% |
| Other operating charges | 640/8 | €1,689 | €1,642 | -€47 | -2.8% |
| Gross operating margin | 9900 | €31,288 | €51,548 | +€20,260 | +64.8% |
| Operating profit (loss) | 9901 | -€20,525 | -€7,298 | +€13,227 | +64.4% |
| Financial income | 75/76B | €200 | €1,402 | +€1,202 | +601% |
| Recurring financial income | 75 | €200 | €1,402 | +€1,202 | +601% |
| Non-recurring financial income | 76B | €200 | €0 | -€200 | -100% |
| Financial charges | 65/66B | €6,992 | €7,986 | +€994 | +14.2% |
| Recurring financial charges | 65 | €6,992 | €7,986 | +€994 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,317 | -€13,882 | +€13,435 | +49.2% |
| Income taxes | 67/77 | €1,498 | €3,915 | +€2,417 | +161% |
| Profit (loss) for the period | 9904 | -€28,816 | -€17,797 | +€11,018 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,816 | -€17,797 | +€11,018 | +38.2% |
Next steps
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.