GATTSU: what changed
Two fiscal 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.
GATTSU
Largest movements
- Cash +€62,971
up €62,971 (+39.0%), from €161,336 to €224,307
mainly Net result for the year (+€195,128) and Receivables within one year (+€31,341)
- Current investments +€45,000
up €45,000 (+16.8%), from €268,105 to €313,105
- Receivables within one year -€31,341
down €31,341 (-11.1%), from €283,583 to €252,242
of which Other amounts receivable: -€21,494
- Reserves +€85,000
up €85,000 (+12.6%), from €672,860 to €757,860
- Other debts -€15,759
down €15,759 (-11.4%), from €138,471 to €122,711
- Debts after one year -€9,938
down €9,938 (-23.1%), from €43,037 to €33,100
- Gross operating margin +€91,815
up €91,815 (+44.5%), from €206,376 to €298,191
- Taxes +€29,469
up €29,469 (+49.3%), from €59,744 to €89,214
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 | €918,791 | €989,370 | +€70,579 | +7.7% |
| Fixed assets | 21/28 | €170,624 | €163,259 | -€7,365 | -4.3% |
| Tangible fixed assets | 22/27 | €170,284 | €162,919 | -€7,365 | -4.3% |
| Land and buildings | 22 | €93,060 | €90,420 | -€2,640 | -2.8% |
| Plant, machinery and equipment | 23 | €77,224 | €69,047 | -€8,177 | -10.6% |
| Furniture and vehicles | 24 | - | €3,452 | +€3,452 | |
| Financial fixed assets | 28 | €340 | €340 | = | 0.0% |
| Current assets | 29/58 | €748,167 | €826,111 | +€77,944 | +10.4% |
| Stocks and contracts in progress | 3 | €35,143 | €36,457 | +€1,314 | +3.7% |
| Stocks | 30/36 | €35,143 | €36,457 | +€1,314 | +3.7% |
| Amounts receivable within one year | 40/41 | €283,583 | €252,242 | -€31,341 | -11.1% |
| Trade receivables | 40 | €42,089 | €32,242 | -€9,847 | -23.4% |
| Other amounts receivable | 41 | €241,494 | €220,000 | -€21,494 | -8.9% |
| Current investments | 50/53 | €268,105 | €313,105 | +€45,000 | +16.8% |
| Cash at bank and in hand | 54/58 | €161,336 | €224,307 | +€62,971 | +39.0% |
| Total equity and liabilities | 10/49 | €918,791 | €989,370 | +€70,579 | +7.7% |
| Equity | 10/15 | €702,404 | €787,532 | +€85,128 | +12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €672,860 | €757,860 | +€85,000 | +12.6% |
| Distributable reserves | 133 | €672,860 | €757,860 | +€85,000 | +12.6% |
| Profit (loss) carried forward | 14 | €10,944 | €11,072 | +€128 | +1.2% |
| Amounts payable | 17/49 | €216,387 | €201,837 | -€14,550 | -6.7% |
| Amounts payable after more than one year | 17 | €43,037 | €33,100 | -€9,938 | -23.1% |
| Financial debts | 170/4 | €43,037 | €33,100 | -€9,938 | -23.1% |
| Amounts payable within one year | 42/48 | €173,350 | €168,738 | -€4,612 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €9,824 | €9,938 | +€114 | +1.2% |
| Trade debts | 44 | €3,760 | €10,091 | +€6,332 | +168.4% |
| Suppliers | 440/4 | €3,760 | €10,091 | +€6,332 | +168.4% |
| Taxes, remuneration and social security | 45 | €21,295 | €25,997 | +€4,702 | +22.1% |
| Taxes | 450/3 | €17,295 | €21,997 | +€4,702 | +27.2% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €138,471 | €122,711 | -€15,759 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,595 | €11,104 | +€2,509 | +29.2% |
| Other operating charges | 640/8 | €1,455 | €2,273 | +€818 | +56.2% |
| Gross operating margin | 9900 | €206,376 | €298,191 | +€91,815 | +44.5% |
| Operating profit (loss) | 9901 | €196,326 | €284,814 | +€88,488 | +45.1% |
| Financial income | 75/76B | €10 | €328 | +€318 | +3175.0% |
| Recurring financial income | 75 | €10 | €328 | +€318 | +3175.0% |
| Financial charges | 65/66B | €992 | €799 | -€193 | -19.4% |
| Recurring financial charges | 65 | €992 | €799 | -€193 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €195,344 | €284,342 | +€88,998 | +45.6% |
| Income taxes | 67/77 | €59,744 | €89,214 | +€29,469 | +49.3% |
| Profit (loss) for the period | 9904 | €135,600 | €195,128 | +€59,528 | +43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €135,600 | €195,128 | +€59,528 | +43.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.