GAUDER & Co: 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.
GAUDER & Co
Largest movements
- Financial fixed assets +€4.5m
up €4.5m (+147%), from €3.1m to €7.6m
- Current investments +€3.0m
new in 2025: €3.0m
- Receivables within one year +€502,596
up €502,596 (+132%), from €379,634 to €882,230
of which Trade receivables: +€437,558
- Cash +€218,540
up €218,540 (+91.9%), from €237,709 to €456,248
- Contributions +€4.5m
up €4.5m (+429%), from €1.0m to €5.5m
- Other debts +€2.7m
up €2.7m, from €0 to €2.7m
- Profit (loss) carried forward +€616,640
up €616,640, from -€616,610 to €30
- Trade debts +€349,252
up €349,252 (+117%), from €298,801 to €648,053
- Reserves +€139,960
up €139,960 (+33.7%), from €414,948 to €554,908
- Financial income +€5.4m
up €5.4m (+1,668%), from €322,296 to €5.7m
of which Financial income: +€3.3m
- Financial charges +€2.2m
up €2.2m (+1,684%), from €133,300 to €2.4m
of which Non-recurring financial charges: +€2.2m
- Gross operating margin +€115,154
up €115,154 (+135%), from €85,379 to €200,533
- Staff costs -€104,659
down €104,659 (-52.2%), from €200,652 to €95,993
- Other operating charges -€12,507
down €12,507 (-57.5%), from €21,756 to €9,249
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,676,708 | €11,898,314 | +€8.2m | +224% |
| Fixed assets | 21/28 | €3,059,365 | €7,558,683 | +€4.5m | +147% |
| Financial fixed assets | 28 | €3,059,365 | €7,558,683 | +€4.5m | +147% |
| Current assets | 29/58 | €617,342 | €4,339,631 | +€3.7m | +603% |
| Amounts receivable within one year | 40/41 | €379,634 | €882,230 | +€502,596 | +132% |
| Trade receivables | 40 | €318,886 | €756,444 | +€437,558 | +137% |
| Other amounts receivable | 41 | €60,747 | €125,786 | +€65,038 | +107% |
| Current investments | 50/53 | - | €3,000,000 | +€3.0m | |
| Cash at bank and in hand | 54/58 | €237,709 | €456,248 | +€218,540 | +91.9% |
| Deferred charges and accrued income | 490/1 | €0 | €1,152 | +€1,152 | |
| Total equity and liabilities | 10/49 | €3,676,708 | €11,898,314 | +€8.2m | +224% |
| Equity | 10/15 | €3,263,803 | €8,520,403 | +€5.3m | +161% |
| Contributions | 10/11 | €1,049,084 | €5,549,084 | +€4.5m | +429% |
| Capital | 10 | €1,049,084 | €5,549,084 | +€4.5m | +429% |
| Issued capital | 100 | €1,049,084 | €5,549,084 | +€4.5m | +429% |
| Revaluation surpluses | 12 | €2,416,381 | €2,416,381 | = | 0.0% |
| Reserves | 13 | €414,948 | €554,908 | +€139,960 | +33.7% |
| Non-distributable reserves | 130/1 | €414,948 | €554,908 | +€139,960 | +33.7% |
| Legal reserve | 130 | €414,948 | €554,908 | +€139,960 | +33.7% |
| Profit (loss) carried forward | 14 | -€616,610 | €30 | +€616,640 | |
| Amounts payable | 17/49 | €412,905 | €3,377,910 | +€3.0m | +718% |
| Amounts payable within one year | 42/48 | €332,111 | €3,307,653 | +€3.0m | +896% |
| Trade debts | 44 | €298,801 | €648,053 | +€349,252 | +117% |
| Suppliers | 440/4 | €298,801 | €648,053 | +€349,252 | +117% |
| Taxes, remuneration and social security | 45 | €33,310 | €0 | -€33,310 | -100% |
| Taxes | 450/3 | €8,547 | €0 | -€8,547 | -100% |
| Remuneration and social security | 454/9 | €24,762 | €0 | -€24,762 | -100% |
| Other amounts payable | 47/48 | €0 | €2,659,600 | +€2.7m | |
| Accrued charges and deferred income | 492/3 | €80,794 | €70,258 | -€10,537 | -13.0% |
| Remuneration, social security and pensions | 62 | €200,652 | €95,993 | -€104,659 | -52.2% |
| Other operating charges | 640/8 | €21,756 | €9,249 | -€12,507 | -57.5% |
| Gross operating margin | 9900 | €85,379 | €200,533 | +€115,154 | +135% |
| Operating profit (loss) | 9901 | -€137,029 | €95,291 | +€232,320 | |
| Financial income | 75/76B | €322,296 | €5,698,713 | +€5.4m | +1,668% |
| Recurring financial income | 75 | €0 | €3,325,066 | +€3.3m | |
| Non-recurring financial income | 76B | €322,296 | €2,373,647 | +€2.1m | +636% |
| Financial charges | 65/66B | €133,300 | €2,378,404 | +€2.2m | +1,684% |
| Recurring financial charges | 65 | €2,205 | €4,075 | +€1,870 | +84.8% |
| Non-recurring financial charges | 66B | €131,094 | €2,374,328 | +€2.2m | +1,711% |
| Profit (loss) for the period before taxes | 9903 | €51,966 | €3,415,600 | +€3.4m | +6,473% |
| Income taxes | 67/77 | €22 | €0 | -€22 | -100% |
| Profit (loss) for the period | 9904 | €51,944 | €3,415,600 | +€3.4m | +6,475% |
| Profit (loss) for the period to be appropriated | 9905 | €51,944 | €3,415,600 | +€3.4m | +6,475% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.