GAUCHERET: 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.
GAUCHERET
Largest movements
- Tangible fixed assets -€2.0m
down €2.0m (-4.0%), from €49.5m to €47.5m
of which Land and buildings: -€2.1m
- Cash -€1.7m
down €1.7m (-44.1%), from €3.9m to €2.2m
mainly Net result for the year (-€2.9m) and Receivables within one year (-€814,168)
- Receivables within one year +€814,168
up €814,168 (+135.9%), from €599,141 to €1.4m
of which Trade receivables: +€536,168
- Profit (loss) carried forward -€2.9m
down €2.9m (-14.5%), from -€20.1m to -€23.0m
- Turnover -€1.4m
down €1.4m (-28.0%), from €4.9m to €3.5m
- Other operating income -€579,545
down €579,545 (-23.6%), from €2.5m to €1.9m
- Services and other goods +€542,903
up €542,903 (+43.2%), from €1.3m to €1.8m
- Other operating charges +€91,939
up €91,939 (+3.2%), from €2.8m to €2.9m
- Taxes +€54,826
new in 2025: €54,826
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 | €64,602,744 | €61,721,407 | -€2.9m | -4.5% |
| Fixed assets | 21/28 | €49,496,997 | €47,493,113 | -€2.0m | -4.0% |
| Intangible fixed assets | 21 | €7,357 | €2,046 | -€5,311 | -72.2% |
| Tangible fixed assets | 22/27 | €49,489,640 | €47,491,067 | -€2.0m | -4.0% |
| Land and buildings | 22 | €44,328,733 | €42,192,250 | -€2.1m | -4.8% |
| Other tangible fixed assets | 26 | €5,160,907 | €5,298,817 | +€137,909 | +2.7% |
| Current assets | 29/58 | €15,105,746 | €14,228,294 | -€877,452 | -5.8% |
| Amounts receivable within one year | 40/41 | €599,141 | €1,413,308 | +€814,168 | +135.9% |
| Trade receivables | 40 | €324,141 | €860,308 | +€536,168 | +165.4% |
| Other amounts receivable | 41 | €275,000 | €553,000 | +€278,000 | +101.1% |
| Current investments | 50/53 | €10,000,000 | €10,000,000 | = | 0.0% |
| Other investments | 51/53 | €10,000,000 | €10,000,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,915,559 | €2,187,253 | -€1.7m | -44.1% |
| Deferred charges and accrued income | 490/1 | €591,046 | €627,732 | +€36,686 | +6.2% |
| Total equity and liabilities | 10/49 | €64,602,744 | €61,721,407 | -€2.9m | -4.5% |
| Equity | 10/15 | €25,927,069 | €23,027,829 | -€2.9m | -11.2% |
| Contributions | 10/11 | €45,925,099 | €45,925,099 | = | 0.0% |
| Capital | 10 | €45,925,099 | €45,925,099 | = | 0.0% |
| Issued capital | 100 | €45,925,099 | €45,925,099 | = | 0.0% |
| Reserves | 13 | €56,988 | €56,988 | = | 0.0% |
| Non-distributable reserves | 130/1 | €56,988 | €56,988 | = | 0.0% |
| Legal reserve | 130 | €56,988 | €56,988 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,055,018 | -€22,954,258 | -€2.9m | -14.5% |
| Amounts payable | 17/49 | €38,675,675 | €38,693,578 | +€17,903 | 0.0% |
| Amounts payable after more than one year | 17 | €36,000,000 | €36,000,000 | = | 0.0% |
| Financial debts | 170/4 | €36,000,000 | €36,000,000 | = | 0.0% |
| Other loans | 174 | €36,000,000 | €36,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €335,182 | €432,188 | +€97,006 | +28.9% |
| Trade debts | 44 | €335,182 | €432,188 | +€97,006 | +28.9% |
| Suppliers | 440/4 | €335,182 | €432,188 | +€97,006 | +28.9% |
| Accrued charges and deferred income | 492/3 | €2,340,493 | €2,261,390 | -€79,103 | -3.4% |
| Operating income | 70/76A | €7,391,169 | €5,430,075 | -€2.0m | -26.5% |
| Turnover | 70 | €4,930,322 | €3,548,774 | -€1.4m | -28.0% |
| Other operating income | 74 | €2,460,846 | €1,881,302 | -€579,545 | -23.6% |
| Operating charges | 60/66A | €6,886,056 | €7,520,980 | +€634,924 | +9.2% |
| Services and other goods | 61 | €1,257,538 | €1,800,441 | +€542,903 | +43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,779,826 | €2,779,907 | +€81 | 0.0% |
| Other operating charges | 640/8 | €2,848,693 | €2,940,633 | +€91,939 | +3.2% |
| Operating profit (loss) | 9901 | €505,112 | -€2,090,905 | -€2.6m | |
| Financial income | 75/76B | €170,530 | €182,753 | +€12,223 | +7.2% |
| Recurring financial income | 75 | €170,530 | €182,753 | +€12,223 | +7.2% |
| Income from financial fixed assets | 750 | €170,530 | €182,753 | +€12,223 | +7.2% |
| Financial charges | 65/66B | €938,808 | €936,262 | -€2,546 | -0.3% |
| Recurring financial charges | 65 | €938,808 | €936,262 | -€2,546 | -0.3% |
| Debt charges | 650 | €936,960 | €934,400 | -€2,560 | -0.3% |
| Other financial charges | 652/9 | €1,848 | €1,862 | +€14 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | -€263,166 | -€2,844,414 | -€2.6m | -980.8% |
| Income taxes | 67/77 | - | €54,826 | +€54,826 | |
| Taxes | 670/3 | - | €54,826 | +€54,826 | |
| Profit (loss) for the period | 9904 | -€263,166 | -€2,899,240 | -€2.6m | -1001.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€263,166 | -€2,899,240 | -€2.6m | -1001.7% |
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 2 October 2026 via checked.be.