Gaufre’tje: 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.
Gaufre’tje
Largest movements
- Tangible fixed assets -€46,684
down €46,684 (-25.8%), from €180,818 to €134,134
of which Furniture and vehicles: -€31,354
- Cash +€41,845
up €41,845 (+2,365%), from €1,769 to €43,614
mainly Depreciation (+€68,678) and Net result for the year (+€35,472)
- Receivables within one year -€17,955
down €17,955 (-88.0%), from €20,415 to €2,460
- Intangible fixed assets -€7,638
down €7,638 (-15.5%), from €49,269 to €41,631
- Stocks and contracts +€5,951
up €5,951 (+38.9%), from €15,315 to €21,266
- Reserves +€20,472
up €20,472 (+15.3%), from €134,175 to €154,646
- Current portion of long-term debt -€17,676
down €17,676 (-57.4%), from €30,793 to €13,117
- Debts after one year -€13,117
down €13,117 (-33.1%), from €39,608 to €26,491
- Trade debts -€4,446
down €4,446 (-18.9%), from €23,552 to €19,106
- Short-term financial debts -€3,903
down €3,903 (-53.6%), from €7,280 to €3,377
- Gross operating margin +€44,059
up €44,059 (+16.1%), from €274,164 to €318,223
- Staff costs +€42,222
up €42,222 (+27.4%), from €154,174 to €196,396
- Other operating charges -€23,919
down €23,919 (-90.4%), from €26,467 to €2,548
- Taxes +€5,298
up €5,298 (+96.2%), from €5,506 to €10,804
- Depreciation +€4,929
up €4,929 (+7.7%), from €63,749 to €68,678
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 | €269,029 | €246,071 | -€22,958 | -8.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €230,087 | €175,765 | -€54,322 | -23.6% |
| Intangible fixed assets | 21 | €49,269 | €41,631 | -€7,638 | -15.5% |
| Tangible fixed assets | 22/27 | €180,818 | €134,134 | -€46,684 | -25.8% |
| Land and buildings | 22 | €4,266 | €2,227 | -€2,040 | -47.8% |
| Plant, machinery and equipment | 23 | €94,222 | €82,874 | -€11,348 | -12.0% |
| Furniture and vehicles | 24 | €76,507 | €45,153 | -€31,354 | -41.0% |
| Leasing and similar rights | 25 | €5,822 | €3,880 | -€1,942 | -33.4% |
| Current assets | 29/58 | €38,942 | €70,306 | +€31,364 | +80.5% |
| Stocks and contracts in progress | 3 | €15,315 | €21,266 | +€5,951 | +38.9% |
| Stocks | 30/36 | €15,315 | €21,266 | +€5,951 | +38.9% |
| Amounts receivable within one year | 40/41 | €20,415 | €2,460 | -€17,955 | -88.0% |
| Trade receivables | 40 | €20,415 | €2,460 | -€17,955 | -88.0% |
| Cash at bank and in hand | 54/58 | €1,769 | €43,614 | +€41,845 | +2,365% |
| Deferred charges and accrued income | 490/1 | €1,443 | €2,965 | +€1,522 | +105% |
| Total equity and liabilities | 10/49 | €269,029 | €246,071 | -€22,958 | -8.5% |
| Equity | 10/15 | €138,175 | €158,646 | +€20,472 | +14.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €134,175 | €154,646 | +€20,472 | +15.3% |
| Distributable reserves | 133 | €134,175 | €154,646 | +€20,472 | +15.3% |
| Amounts payable | 17/49 | €130,855 | €87,425 | -€43,430 | -33.2% |
| Amounts payable after more than one year | 17 | €39,608 | €26,491 | -€13,117 | -33.1% |
| Financial debts | 170/4 | €39,608 | €26,491 | -€13,117 | -33.1% |
| Amounts payable within one year | 42/48 | €90,879 | €60,934 | -€29,945 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €30,793 | €13,117 | -€17,676 | -57.4% |
| Financial debts | 43 | €7,280 | €3,377 | -€3,903 | -53.6% |
| Credit institutions | 430/8 | €7,280 | €3,377 | -€3,903 | -53.6% |
| Trade debts | 44 | €23,552 | €19,106 | -€4,446 | -18.9% |
| Suppliers | 440/4 | €23,552 | €19,106 | -€4,446 | -18.9% |
| Taxes, remuneration and social security | 45 | €20,264 | €18,187 | -€2,077 | -10.3% |
| Taxes | 450/3 | €4,458 | €3,423 | -€1,035 | -23.2% |
| Remuneration and social security | 454/9 | €15,807 | €14,764 | -€1,043 | -6.6% |
| Other amounts payable | 47/48 | €8,990 | €7,147 | -€1,843 | -20.5% |
| Accrued charges and deferred income | 492/3 | €368 | - | -€368 | |
| Remuneration, social security and pensions | 62 | €154,174 | €196,396 | +€42,222 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,749 | €68,678 | +€4,929 | +7.7% |
| Other operating charges | 640/8 | €26,467 | €2,548 | -€23,919 | -90.4% |
| Gross operating margin | 9900 | €274,164 | €318,223 | +€44,059 | +16.1% |
| Operating profit (loss) | 9901 | €29,775 | €50,602 | +€20,827 | +69.9% |
| Financial charges | 65/66B | €7,865 | €4,326 | -€3,539 | -45.0% |
| Recurring financial charges | 65 | €7,865 | €4,326 | -€3,539 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €21,910 | €46,275 | +€24,366 | +111% |
| Income taxes | 67/77 | €5,506 | €10,804 | +€5,298 | +96.2% |
| Profit (loss) for the period | 9904 | €16,404 | €35,472 | +€19,068 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €16,404 | €35,472 | +€19,068 | +116% |
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 29 October 2026 via checked.be.