GAULEX: 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.
GAULEX
Largest movements
- Tangible fixed assets -€1,090
down €1,090 (-69.9%), from €1,559 to €469
- Cash -€431
down €431 (-65.3%), from €660 to €229
mainly Trade debts (-€5,548) and Other debts (-€4,318)
- Receivables within one year +€231
up €231 (+5.4%), from €4,298 to €4,529
of which Trade receivables: +€879
- Profit (loss) carried forward +€8,622
up €8,622 (+17.9%), from -€48,053 to -€39,431
- Trade debts -€5,548
down €5,548 (-83.3%), from €6,660 to €1,112
- Other debts -€4,318
down €4,318 (-14.7%), from €29,311 to €24,993
- Gross operating margin -€3,749
down €3,749 (-26.8%), from €13,980 to €10,231
- Depreciation -€2,707
down €2,707 (-71.3%), from €3,797 to €1,090
- Other operating charges -€461
down €461 (-69.7%), from €661 to €200
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 | €6,517 | €5,274 | -€1,243 | -19.1% |
| Fixed assets | 21/28 | €1,559 | €469 | -€1,090 | -69.9% |
| Tangible fixed assets | 22/27 | €1,559 | €469 | -€1,090 | -69.9% |
| Other tangible fixed assets | 26 | €1,559 | €469 | -€1,090 | -69.9% |
| Current assets | 29/58 | €4,958 | €4,805 | -€154 | -3.1% |
| Amounts receivable within one year | 40/41 | €4,298 | €4,529 | +€231 | +5.4% |
| Trade receivables | 40 | €3,009 | €3,888 | +€879 | +29.2% |
| Other amounts receivable | 41 | €1,289 | €641 | -€648 | -50.3% |
| Cash at bank and in hand | 54/58 | €660 | €229 | -€431 | -65.3% |
| Deferred charges and accrued income | 490/1 | - | €47 | +€47 | |
| Total equity and liabilities | 10/49 | €6,517 | €5,274 | -€1,243 | -19.1% |
| Equity | 10/15 | -€29,453 | -€20,831 | +€8,622 | +29.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,053 | -€39,431 | +€8,622 | +17.9% |
| Amounts payable | 17/49 | €35,970 | €26,105 | -€9,865 | -27.4% |
| Amounts payable within one year | 42/48 | €35,970 | €26,105 | -€9,865 | -27.4% |
| Trade debts | 44 | €6,660 | €1,112 | -€5,548 | -83.3% |
| Suppliers | 440/4 | €6,660 | €1,112 | -€5,548 | -83.3% |
| Other amounts payable | 47/48 | €29,311 | €24,993 | -€4,318 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,797 | €1,090 | -€2,707 | -71.3% |
| Other operating charges | 640/8 | €661 | €200 | -€461 | -69.7% |
| Gross operating margin | 9900 | €13,980 | €10,231 | -€3,749 | -26.8% |
| Operating profit (loss) | 9901 | €9,523 | €8,942 | -€581 | -6.1% |
| Financial income | 75/76B | €1 | €3 | +€2 | +191.0% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +191.0% |
| Financial charges | 65/66B | €260 | €322 | +€62 | +23.9% |
| Recurring financial charges | 65 | €260 | €322 | +€62 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | €9,264 | €8,622 | -€641 | -6.9% |
| Profit (loss) for the period | 9904 | €9,264 | €8,622 | -€641 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,264 | €8,622 | -€641 | -6.9% |
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 9 October 2026 via checked.be.