GAUTHIER: 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.
GAUTHIER
Largest movements
- Cash -€53,307
down €53,307 (-66.9%), from €79,703 to €26,397
mainly Other debts (-€86,126) and Debts after one year (-€36,253)
- Tangible fixed assets +€32,288
up €32,288 (+398.2%), from €8,108 to €40,396
of which Furniture and vehicles: +€33,745
- Intangible fixed assets -€28,000
no longer reported in 2025 (was €28,000)
- Receivables after one year +€25,000
new in 2025: €25,000
- Receivables within one year -€8,102
down €8,102 (-99.9%), from €8,111 to €9
of which Trade receivables: -€6,737
- Profit (loss) carried forward +€86,498
up €86,498, from -€77,478 to €9,019
- Other debts -€86,126
down €86,126 (-96.1%), from €89,600 to €3,474
- Debts after one year -€36,253
down €36,253 (-99.3%), from €36,520 to €266
- Trade debts -€4,768
down €4,768 (-72.4%), from €6,587 to €1,820
- Tax, wage and social debts +€4,441
up €4,441 (+86.6%), from €5,126 to €9,566
of which Taxes: +€3,442
- Gross operating margin +€85,226
up €85,226 (+206.0%), from €41,364 to €126,589
- Taxes +€4,468
new in 2025: €4,468
- Staff costs -€3,108
down €3,108 (-9.2%), from €33,747 to €30,638
- Financial charges -€2,139
down €2,139 (-72.8%), from €2,937 to €798
- Depreciation -€1,407
down €1,407 (-25.1%), from €5,594 to €4,187
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 | €128,554 | €92,346 | -€36,208 | -28.2% |
| Fixed assets | 21/28 | €36,108 | €40,396 | +€4,288 | +11.9% |
| Intangible fixed assets | 21 | €28,000 | - | -€28,000 | |
| Tangible fixed assets | 22/27 | €8,108 | €40,396 | +€32,288 | +398.2% |
| Plant, machinery and equipment | 23 | €1,457 | - | -€1,457 | |
| Furniture and vehicles | 24 | €6,651 | €40,396 | +€33,745 | +507.4% |
| Current assets | 29/58 | €92,446 | €51,950 | -€40,496 | -43.8% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Trade receivables | 290 | - | €25,000 | +€25,000 | |
| Stocks and contracts in progress | 3 | €2,993 | - | -€2,993 | |
| Stocks | 30/36 | €2,993 | - | -€2,993 | |
| Amounts receivable within one year | 40/41 | €8,111 | €9 | -€8,102 | -99.9% |
| Trade receivables | 40 | €6,737 | - | -€6,737 | |
| Other amounts receivable | 41 | €1,374 | €9 | -€1,365 | -99.4% |
| Cash at bank and in hand | 54/58 | €79,703 | €26,397 | -€53,307 | -66.9% |
| Deferred charges and accrued income | 490/1 | €1,639 | €545 | -€1,094 | -66.8% |
| Total equity and liabilities | 10/49 | €128,554 | €92,346 | -€36,208 | -28.2% |
| Equity | 10/15 | -€9,278 | €77,219 | +€86,498 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,478 | €9,019 | +€86,498 | |
| Amounts payable | 17/49 | €137,833 | €15,127 | -€122,706 | -89.0% |
| Amounts payable after more than one year | 17 | €36,520 | €266 | -€36,253 | -99.3% |
| Financial debts | 170/4 | €36,520 | €266 | -€36,253 | -99.3% |
| Amounts payable within one year | 42/48 | €101,313 | €14,860 | -€86,452 | -85.3% |
| Trade debts | 44 | €6,587 | €1,820 | -€4,768 | -72.4% |
| Suppliers | 440/4 | €6,587 | €1,820 | -€4,768 | -72.4% |
| Taxes, remuneration and social security | 45 | €5,126 | €9,566 | +€4,441 | +86.6% |
| Taxes | 450/3 | €1,860 | €5,302 | +€3,442 | +185.1% |
| Remuneration and social security | 454/9 | €3,266 | €4,265 | +€999 | +30.6% |
| Other amounts payable | 47/48 | €89,600 | €3,474 | -€86,126 | -96.1% |
| Remuneration, social security and pensions | 62 | €33,747 | €30,638 | -€3,108 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,594 | €4,187 | -€1,407 | -25.1% |
| Gross operating margin | 9900 | €41,364 | €126,589 | +€85,226 | +206.0% |
| Operating profit (loss) | 9901 | €2,023 | €91,763 | +€89,741 | +4436.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -90.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -90.0% |
| Financial charges | 65/66B | €2,937 | €798 | -€2,139 | -72.8% |
| Recurring financial charges | 65 | €2,937 | €798 | -€2,139 | -72.8% |
| Profit (loss) for the period before taxes | 9903 | -€914 | €90,966 | +€91,879 | |
| Income taxes | 67/77 | - | €4,468 | +€4,468 | |
| Profit (loss) for the period | 9904 | -€914 | €86,498 | +€87,411 | |
| Profit (loss) for the period to be appropriated | 9905 | -€914 | €86,498 | +€87,411 |
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 10 October 2026 via checked.be.