GAUVIC: 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.
GAUVIC
Largest movements
- Receivables within one year +€204,284
up €204,284 (+56.0%), from €364,515 to €568,799
of which Trade receivables: +€225,612
- Cash -€179,065
down €179,065 (-26.3%), from €679,807 to €500,743
mainly Receivables within one year (-€204,284) and Debts after one year (-€148,748)
- Tangible fixed assets -€114,629
down €114,629 (-48.9%), from €234,312 to €119,683
of which Plant, machinery and equipment: -€101,451
- Debts after one year -€148,748
down €148,748 (-60.0%), from €247,913 to €99,165
- Reserves +€37,504
up €37,504 (+8.1%), from €464,253 to €501,757
of which Distributable reserves: +€37,504
- Trade debts +€34,799
up €34,799 (+45.1%), from €77,240 to €112,039
- Gross operating margin -€125,184
down €125,184 (-15.1%), from €827,269 to €702,085
- Staff costs -€83,388
down €83,388 (-14.6%), from €571,588 to €488,200
- Financial income +€31,053
up €31,053 (+249%), from €12,485 to €43,538
- Taxes -€11,567
down €11,567 (-31.7%), from €36,493 to €24,926
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 | €1,278,634 | €1,189,225 | -€89,409 | -7.0% |
| Fixed assets | 21/28 | €234,312 | €119,683 | -€114,629 | -48.9% |
| Tangible fixed assets | 22/27 | €234,312 | €119,683 | -€114,629 | -48.9% |
| Plant, machinery and equipment | 23 | €190,383 | €88,932 | -€101,451 | -53.3% |
| Furniture and vehicles | 24 | €43,929 | €30,751 | -€13,178 | -30.0% |
| Current assets | 29/58 | €1,044,322 | €1,069,542 | +€25,219 | +2.4% |
| Amounts receivable within one year | 40/41 | €364,515 | €568,799 | +€204,284 | +56.0% |
| Trade receivables | 40 | €319,680 | €545,292 | +€225,612 | +70.6% |
| Other amounts receivable | 41 | €44,835 | €23,507 | -€21,328 | -47.6% |
| Cash at bank and in hand | 54/58 | €679,807 | €500,743 | -€179,065 | -26.3% |
| Total equity and liabilities | 10/49 | €1,278,634 | €1,189,225 | -€89,409 | -7.0% |
| Equity | 10/15 | €615,073 | €651,972 | +€36,900 | +6.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €464,253 | €501,757 | +€37,504 | +8.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €464,253 | €501,757 | +€37,504 | +8.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €819 | €215 | -€604 | -73.7% |
| Amounts payable | 17/49 | €663,562 | €537,253 | -€126,309 | -19.0% |
| Amounts payable after more than one year | 17 | €247,913 | €99,165 | -€148,748 | -60.0% |
| Financial debts | 170/4 | €247,913 | €99,165 | -€148,748 | -60.0% |
| Amounts payable within one year | 42/48 | €415,648 | €438,087 | +€22,439 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €161,144 | €148,748 | -€12,396 | -7.7% |
| Trade debts | 44 | €77,240 | €112,039 | +€34,799 | +45.1% |
| Suppliers | 440/4 | €77,240 | €112,039 | +€34,799 | +45.1% |
| Taxes, remuneration and social security | 45 | €106,765 | €102,300 | -€4,464 | -4.2% |
| Taxes | 450/3 | €35,378 | €30,201 | -€5,178 | -14.6% |
| Remuneration and social security | 454/9 | €71,386 | €72,100 | +€713 | +1.0% |
| Other amounts payable | 47/48 | €70,500 | €75,000 | +€4,500 | +6.4% |
| Remuneration, social security and pensions | 62 | €571,588 | €488,200 | -€83,388 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,463 | €114,629 | -€4,834 | -4.0% |
| Other operating charges | 640/8 | €1,399 | €1,215 | -€184 | -13.2% |
| Gross operating margin | 9900 | €827,269 | €702,085 | -€125,184 | -15.1% |
| Operating profit (loss) | 9901 | €134,820 | €98,042 | -€36,778 | -27.3% |
| Financial income | 75/76B | €12,485 | €43,538 | +€31,053 | +249% |
| Recurring financial income | 75 | €12,485 | €43,538 | +€31,053 | +249% |
| Financial charges | 65/66B | €4,934 | €4,151 | -€783 | -15.9% |
| Recurring financial charges | 65 | €4,934 | €4,151 | -€783 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €142,372 | €137,430 | -€4,942 | -3.5% |
| Income taxes | 67/77 | €36,493 | €24,926 | -€11,567 | -31.7% |
| Profit (loss) for the period | 9904 | €105,878 | €112,504 | +€6,625 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €105,878 | €112,504 | +€6,625 | +6.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.