GATUCC: 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.
GATUCC
Largest movements
- Tangible fixed assets +€639,758
up €639,758 (+492%), from €129,934 to €769,692
of which Other tangible fixed assets: +€429,515
- Receivables within one year -€513,913
down €513,913 (-96.2%), from €534,003 to €20,090
of which Other amounts receivable: -€524,829
- Formation expenses +€26,967
up €26,967 (+533%), from €5,064 to €32,031
- Stocks and contracts +€14,117
new in 2025: €14,117
- Trade debts +€184,945
up €184,945 (+2,536%), from €7,294 to €192,239
- Other debts +€156,083
new in 2025: €156,083
- Profit (loss) carried forward -€123,852
down €123,852 (-867%), from -€14,278 to -€138,130
- Debts after one year -€87,506
down €87,506 (-16.0%), from €547,479 to €459,973
- Tax, wage and social debts +€40,307
new in 2025: €40,307
of which Remuneration and social security: +€37,044
- Staff costs +€218,274
new in 2025: €218,274
- Gross operating margin +€204,476
up €204,476, from -€5,827 to €198,649
- Depreciation +€74,541
up €74,541 (+22,714%), from €328 to €74,869
- Financial charges +€19,232
up €19,232 (+259%), from €7,418 to €26,649
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.
Derived cash bridge
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 | €684,210 | €860,270 | +€176,060 | +25.7% |
| Formation expenses | 20 | €5,064 | €32,031 | +€26,967 | +533% |
| Fixed assets | 21/28 | €129,934 | €769,692 | +€639,758 | +492% |
| Tangible fixed assets | 22/27 | €129,934 | €769,692 | +€639,758 | +492% |
| Plant, machinery and equipment | 23 | - | €289,444 | +€289,444 | |
| Furniture and vehicles | 24 | - | €50,734 | +€50,734 | |
| Other tangible fixed assets | 26 | - | €429,515 | +€429,515 | |
| Assets under construction and advance payments | 27 | €129,934 | €0 | -€129,934 | -100% |
| Current assets | 29/58 | €549,212 | €58,547 | -€490,666 | -89.3% |
| Stocks and contracts in progress | 3 | - | €14,117 | +€14,117 | |
| Stocks | 30/36 | - | €14,117 | +€14,117 | |
| Amounts receivable within one year | 40/41 | €534,003 | €20,090 | -€513,913 | -96.2% |
| Trade receivables | 40 | €7,053 | €17,968 | +€10,916 | +155% |
| Other amounts receivable | 41 | €526,951 | €2,122 | -€524,829 | -99.6% |
| Cash at bank and in hand | 54/58 | - | €8,180 | +€8,180 | |
| Deferred charges and accrued income | 490/1 | €15,209 | €16,160 | +€950 | +6.2% |
| Total equity and liabilities | 10/49 | €684,210 | €860,270 | +€176,060 | +25.7% |
| Equity | 10/15 | €47,222 | -€76,630 | -€123,852 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,278 | -€138,130 | -€123,852 | -867% |
| Amounts payable | 17/49 | €636,989 | €936,901 | +€299,912 | +47.1% |
| Amounts payable after more than one year | 17 | €547,479 | €459,973 | -€87,506 | -16.0% |
| Financial debts | 170/4 | €547,479 | €459,973 | -€87,506 | -16.0% |
| Amounts payable within one year | 42/48 | €89,510 | €475,135 | +€385,625 | +431% |
| Current portion of amounts payable after more than one year | 42 | €82,216 | €86,506 | +€4,290 | +5.2% |
| Trade debts | 44 | €7,294 | €192,239 | +€184,945 | +2,536% |
| Suppliers | 440/4 | €7,294 | €192,239 | +€184,945 | +2,536% |
| Taxes, remuneration and social security | 45 | - | €40,307 | +€40,307 | |
| Taxes | 450/3 | - | €3,263 | +€3,263 | |
| Remuneration and social security | 454/9 | - | €37,044 | +€37,044 | |
| Other amounts payable | 47/48 | - | €156,083 | +€156,083 | |
| Accrued charges and deferred income | 492/3 | - | €1,793 | +€1,793 | |
| Non-recurring operating income | 76A | - | €218 | +€218 | |
| Remuneration, social security and pensions | 62 | - | €218,274 | +€218,274 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €328 | €74,869 | +€74,541 | +22,714% |
| Other operating charges | 640/8 | €2,283 | €3,675 | +€1,392 | +61.0% |
| Non-recurring operating charges | 66A | - | €2,450 | +€2,450 | |
| Gross operating margin | 9900 | -€5,827 | €198,649 | +€204,476 | |
| Operating profit (loss) | 9901 | -€8,438 | -€100,620 | -€92,182 | -1,093% |
| Financial income | 75/76B | €2,077 | €3,417 | +€1,341 | +64.5% |
| Recurring financial income | 75 | €2,077 | €3,417 | +€1,341 | +64.5% |
| Financial charges | 65/66B | €7,418 | €26,649 | +€19,232 | +259% |
| Recurring financial charges | 65 | €7,418 | €26,649 | +€19,232 | +259% |
| Profit (loss) for the period before taxes | 9903 | -€13,778 | -€123,852 | -€110,074 | -799% |
| Income taxes | 67/77 | €500 | €0 | -€500 | -100% |
| Profit (loss) for the period | 9904 | -€14,278 | -€123,852 | -€109,574 | -767% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,278 | -€123,852 | -€109,574 | -767% |
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 27 October 2026 via checked.be.