GAUTHIER PROJET: what changed
What changed
GAUTHIER PROJET
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
-€50,260
2024 · -€47,282-€2,978
Equity
€29,826
2024 · €80,086-€50,260
Cash
€5,324
2024 · €15,279-€9,955
Balance sheet total
€330,122
2024 · €363,989-€33,868
Largest movements
Assets
- Tangible fixed assets -€25,296
down €25,296 (-7.5%), from €338,662 to €313,366
of which Land and buildings: -€21,084
- Cash -€9,955
down €9,955 (-65.2%), from €15,279 to €5,324
mainly Net result for the year (-€50,260) and Current portion of long-term debt (-€5,595)
Equity and liabilities
- Profit (loss) carried forward -€44,023
down €44,023 (-56.5%), from -€77,922 to -€121,945
- Other debts +€25,529
up €25,529 (+11.1%), from €230,034 to €255,563
- Reserves -€6,237
down €6,237 (-6.5%), from €96,035 to €89,797
of which Tax-exempt reserves: -€6,237
- Current portion of long-term debt -€5,595
no longer reported in 2025 (was €5,595)
Income statement
- Gross operating margin -€2,496
down €2,496 (-19.2%), from -€13,027 to -€15,523
- Depreciation +€458
up €458 (+1.8%), from €24,838 to €25,296
- Other operating charges +€340
up €340 (+2.9%), from €11,745 to €12,085
- Financial charges -€317
down €317 (-42.4%), from €746 to €430
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€47,282
Gross operating margin
-€2,496
Depreciation
-€458
Other operating charges
-€340
Financial income
+€1
Financial charges
+€317
Taxes
-€0
Result 2025
-€50,260
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€2,260
Investment
€0
Financing
-€7,695
Cash 2024
€15,279
From operations (derived)
-€2,260
Net result for the year
-€50,260
Depreciation
+€25,296
Receivables within one year
-€926
Deferred charges and accrued income
-€459
Provisions
-€3,072
Trade debts
+€1,619
Tax, wage and social debts
+€11
Other debts
+€25,529
Financing
-€7,695
Debts after one year
-€2,100
Current portion of long-term debt
-€5,595
Cash 2025
€5,324
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €363,989 | €330,122 | -€33,868 | -9.3% |
| Fixed assets | 21/28 | €338,662 | €313,366 | -€25,296 | -7.5% |
| Tangible fixed assets | 22/27 | €338,662 | €313,366 | -€25,296 | -7.5% |
| Land and buildings | 22 | €308,015 | €286,931 | -€21,084 | -6.8% |
| Plant, machinery and equipment | 23 | €11,086 | €9,339 | -€1,747 | -15.8% |
| Furniture and vehicles | 24 | €99 | - | -€99 | |
| Other tangible fixed assets | 26 | €19,463 | €17,096 | -€2,366 | -12.2% |
| Current assets | 29/58 | €25,327 | €16,756 | -€8,571 | -33.8% |
| Amounts receivable within one year | 40/41 | €7,894 | €8,820 | +€926 | +11.7% |
| Trade receivables | 40 | €7,463 | €8,766 | +€1,303 | +17.5% |
| Other amounts receivable | 41 | €432 | €54 | -€378 | -87.4% |
| Cash at bank and in hand | 54/58 | €15,279 | €5,324 | -€9,955 | -65.2% |
| Deferred charges and accrued income | 490/1 | €2,153 | €2,612 | +€459 | +21.3% |
| Total equity and liabilities | 10/49 | €363,989 | €330,122 | -€33,868 | -9.3% |
| Equity | 10/15 | €80,086 | €29,826 | -€50,260 | -62.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €96,035 | €89,797 | -€6,237 | -6.5% |
| Non-distributable reserves | 130/1 | €6,817 | €6,817 | = | 0.0% |
| Legal reserve | 130 | €6,817 | €6,817 | = | 0.0% |
| Tax-exempt reserves | 132 | €88,087 | €81,850 | -€6,237 | -7.1% |
| Distributable reserves | 133 | €1,131 | €1,131 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,922 | -€121,945 | -€44,023 | -56.5% |
| Provisions and deferred taxes | 16 | €43,249 | €40,177 | -€3,072 | -7.1% |
| Deferred taxes | 168 | €43,249 | €40,177 | -€3,072 | -7.1% |
| Amounts payable | 17/49 | €240,654 | €260,119 | +€19,464 | +8.1% |
| Amounts payable after more than one year | 17 | €2,100 | - | -€2,100 | |
| Other amounts payable | 178/9 | €2,100 | - | -€2,100 | |
| Amounts payable within one year | 42/48 | €238,554 | €260,119 | +€21,564 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €5,595 | - | -€5,595 | |
| Trade debts | 44 | €179 | €1,798 | +€1,619 | +904% |
| Suppliers | 440/4 | €179 | €1,798 | +€1,619 | +904% |
| Taxes, remuneration and social security | 45 | €2,746 | €2,757 | +€11 | +0.4% |
| Taxes | 450/3 | - | €7 | +€7 | |
| Remuneration and social security | 454/9 | €2,746 | €2,750 | +€4 | +0.1% |
| Other amounts payable | 47/48 | €230,034 | €255,563 | +€25,529 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,838 | €25,296 | +€458 | +1.8% |
| Other operating charges | 640/8 | €11,745 | €12,085 | +€340 | +2.9% |
| Gross operating margin | 9900 | -€13,027 | -€15,523 | -€2,496 | -19.2% |
| Operating profit (loss) | 9901 | -€49,610 | -€52,905 | -€3,295 | -6.6% |
| Financial income | 75/76B | €3 | €4 | +€1 | +34.5% |
| Recurring financial income | 75 | €3 | €4 | +€1 | +34.5% |
| Financial charges | 65/66B | €746 | €430 | -€317 | -42.4% |
| Recurring financial charges | 65 | €746 | €430 | -€317 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | -€50,353 | -€53,331 | -€2,978 | -5.9% |
| Transfer from deferred taxes | 780 | €3,072 | €3,072 | = | 0.0% |
| Income taxes | 67/77 | €1 | €1 | +€0 | +19.6% |
| Profit (loss) for the period | 9904 | -€47,282 | -€50,260 | -€2,978 | -6.3% |
| Transfer from tax-exempt reserves | 789 | €6,237 | €6,237 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,045 | -€44,023 | -€2,978 | -7.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.