GAUTIELEC: 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.
GAUTIELEC
Largest movements
- Cash +€40,685
up €40,685 (+847%), from €4,805 to €45,491
mainly Net result for the year (+€42,633) and Debts after one year (+€22,035)
- Receivables within one year +€9,035
up €9,035 (+447%), from €2,021 to €11,057
of which Other amounts receivable: +€4,767
- Tangible fixed assets -€1,889
down €1,889 (-5.8%), from €32,819 to €30,930
of which Furniture and vehicles: -€1,613
- Reserves +€42,633
up €42,633 (+757%), from €5,635 to €48,268
- Other debts -€32,628
no longer reported in 2025 (was €32,628)
- Debts after one year +€22,035
new in 2025: €22,035
of which Financial debts: +€12,051
- Tax, wage and social debts +€8,492
new in 2025: €8,492
of which Taxes: +€6,992
- Current portion of long-term debt +€5,391
new in 2025: €5,391
- Gross operating margin +€58,809
up €58,809 (+593%), from €9,918 to €68,727
- Taxes +€14,322
up €14,322 (+614%), from €2,333 to €16,655
- Depreciation +€5,896
up €5,896 (+302%), from €1,951 to €7,847
- Financial charges +€1,161
new in 2025: €1,161
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 | €40,780 | €87,970 | +€47,190 | +116% |
| Formation expenses | 20 | €1,134 | €492 | -€641 | -56.6% |
| Fixed assets | 21/28 | €32,820 | €30,930 | -€1,889 | -5.8% |
| Intangible fixed assets | 21 | €1 | €0 | -€1 | -57.5% |
| Tangible fixed assets | 22/27 | €32,819 | €30,930 | -€1,889 | -5.8% |
| Plant, machinery and equipment | 23 | €759 | €483 | -€276 | -36.4% |
| Furniture and vehicles | 24 | €32,060 | €30,447 | -€1,613 | -5.0% |
| Current assets | 29/58 | €6,827 | €56,547 | +€49,721 | +728% |
| Amounts receivable within one year | 40/41 | €2,021 | €11,057 | +€9,035 | +447% |
| Trade receivables | 40 | €635 | €4,903 | +€4,268 | +672% |
| Other amounts receivable | 41 | €1,386 | €6,153 | +€4,767 | +344% |
| Cash at bank and in hand | 54/58 | €4,805 | €45,491 | +€40,685 | +847% |
| Total equity and liabilities | 10/49 | €40,780 | €87,970 | +€47,190 | +116% |
| Equity | 10/15 | €7,635 | €50,268 | +€42,633 | +558% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €5,635 | €48,268 | +€42,633 | +757% |
| Distributable reserves | 133 | €5,635 | €48,268 | +€42,633 | +757% |
| Amounts payable | 17/49 | €33,145 | €37,702 | +€4,557 | +13.7% |
| Amounts payable after more than one year | 17 | - | €22,035 | +€22,035 | |
| Financial debts | 170/4 | - | €12,051 | +€12,051 | |
| Other amounts payable | 178/9 | - | €9,983 | +€9,983 | |
| Amounts payable within one year | 42/48 | €33,145 | €15,667 | -€17,478 | -52.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,391 | +€5,391 | |
| Trade debts | 44 | €518 | €1,785 | +€1,267 | +245% |
| Suppliers | 440/4 | €518 | €1,785 | +€1,267 | +245% |
| Taxes, remuneration and social security | 45 | - | €8,492 | +€8,492 | |
| Taxes | 450/3 | - | €6,992 | +€6,992 | |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €32,628 | - | -€32,628 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,951 | €7,847 | +€5,896 | +302% |
| Other operating charges | 640/8 | - | €431 | +€431 | |
| Gross operating margin | 9900 | €9,918 | €68,727 | +€58,809 | +593% |
| Operating profit (loss) | 9901 | €7,968 | €60,449 | +€52,482 | +659% |
| Financial charges | 65/66B | - | €1,161 | +€1,161 | |
| Recurring financial charges | 65 | - | €1,161 | +€1,161 | |
| Profit (loss) for the period before taxes | 9903 | €7,968 | €59,289 | +€51,321 | +644% |
| Income taxes | 67/77 | €2,333 | €16,655 | +€14,322 | +614% |
| Profit (loss) for the period | 9904 | €5,635 | €42,633 | +€36,999 | +657% |
| Profit (loss) for the period to be appropriated | 9905 | €5,635 | €42,633 | +€36,999 | +657% |
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 24 October 2026 via checked.be.