GAUTHIAR: 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.
GAUTHIAR
Largest movements
- Cash -€222,711
down €222,711 (-92.2%), from €241,538 to €18,827
mainly Other debts (-€179,510) and Contributions, distributions and other (-€57,838)
- Current investments +€30,000
new in 2025: €30,000
- Receivables within one year -€26,809
down €26,809 (-62.8%), from €42,689 to €15,880
of which Trade receivables: -€31,109
- Other debts -€179,510
down €179,510 (-78.4%), from €228,995 to €49,485
- Tax, wage and social debts -€41,622
down €41,622 (-74.1%), from €56,200 to €14,579
- Gross operating margin -€50,539
down €50,539 (-39.0%), from €129,535 to €78,996
- Taxes -€13,363
down €13,363 (-40.1%), from €33,359 to €19,996
- Depreciation -€4,898
down €4,898 (-72.2%), from €6,782 to €1,884
- Financial income -€4,253
down €4,253 (-77.5%), from €5,486 to €1,234
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 | €287,330 | €66,113 | -€221,217 | -77.0% |
| Fixed assets | 21/28 | €2,913 | €1,029 | -€1,884 | -64.7% |
| Tangible fixed assets | 22/27 | €2,913 | €1,029 | -€1,884 | -64.7% |
| Furniture and vehicles | 24 | €2,913 | €1,029 | -€1,884 | -64.7% |
| Current assets | 29/58 | €284,417 | €65,084 | -€219,333 | -77.1% |
| Amounts receivable within one year | 40/41 | €42,689 | €15,880 | -€26,809 | -62.8% |
| Trade receivables | 40 | €42,689 | €11,580 | -€31,109 | -72.9% |
| Other amounts receivable | 41 | - | €4,300 | +€4,300 | |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €241,538 | €18,827 | -€222,711 | -92.2% |
| Deferred charges and accrued income | 490/1 | €190 | €377 | +€187 | +98.2% |
| Total equity and liabilities | 10/49 | €287,330 | €66,113 | -€221,217 | -77.0% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €285,330 | €64,113 | -€221,217 | -77.5% |
| Amounts payable within one year | 42/48 | €285,330 | €64,113 | -€221,217 | -77.5% |
| Trade debts | 44 | €134 | €49 | -€85 | -63.5% |
| Suppliers | 440/4 | €134 | €49 | -€85 | -63.5% |
| Taxes, remuneration and social security | 45 | €56,200 | €14,579 | -€41,622 | -74.1% |
| Taxes | 450/3 | €56,200 | €14,579 | -€41,622 | -74.1% |
| Other amounts payable | 47/48 | €228,995 | €49,485 | -€179,510 | -78.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,782 | €1,884 | -€4,898 | -72.2% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €129,535 | €78,996 | -€50,539 | -39.0% |
| Operating profit (loss) | 9901 | €122,753 | €76,724 | -€46,028 | -37.5% |
| Financial income | 75/76B | €5,486 | €1,234 | -€4,253 | -77.5% |
| Recurring financial income | 75 | €5,486 | €1,234 | -€4,253 | -77.5% |
| Financial charges | 65/66B | €116 | €124 | +€8 | +6.8% |
| Recurring financial charges | 65 | €116 | €124 | +€8 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €128,123 | €77,834 | -€50,289 | -39.3% |
| Income taxes | 67/77 | €33,359 | €19,996 | -€13,363 | -40.1% |
| Profit (loss) for the period | 9904 | €94,764 | €57,838 | -€36,925 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €94,764 | €57,838 | -€36,925 | -39.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.