GAVA-Lex: 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.
GAVA-Lex
Largest movements
- Intangible fixed assets -€79,677
down €79,677 (-12.4%), from €642,499 to €562,822
- Cash -€51,907
down €51,907 (-35.2%), from €147,556 to €95,649
mainly Trade debts (-€148,275) and Tax, wage and social debts (-€10,077)
- Trade debts -€148,275
down €148,275 (-22.9%), from €648,576 to €500,301
- Other debts +€33,639
up €33,639 (+226%), from €14,888 to €48,528
- Tax, wage and social debts -€10,077
down €10,077 (-37.9%), from €26,594 to €16,517
of which Taxes: -€11,332
- Gross operating margin -€90,275
down €90,275 (-35.7%), from €252,975 to €162,700
- Taxes -€11,636
no longer reported in 2025 (was €11,636)
- Staff costs +€2,978
up €2,978 (+3.8%), from €78,700 to €81,677
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 | €824,629 | €700,416 | -€124,213 | -15.1% |
| Fixed assets | 21/28 | €664,641 | €584,172 | -€80,468 | -12.1% |
| Intangible fixed assets | 21 | €642,499 | €562,822 | -€79,677 | -12.4% |
| Tangible fixed assets | 22/27 | €21,906 | €21,115 | -€792 | -3.6% |
| Furniture and vehicles | 24 | €4,728 | €5,755 | +€1,027 | +21.7% |
| Other tangible fixed assets | 26 | €17,178 | €15,360 | -€1,818 | -10.6% |
| Financial fixed assets | 28 | €235 | €235 | = | 0.0% |
| Current assets | 29/58 | €159,989 | €116,244 | -€43,745 | -27.3% |
| Amounts receivable within one year | 40/41 | €8,031 | €9,850 | +€1,820 | +22.7% |
| Trade receivables | 40 | €2,855 | €9,850 | +€6,995 | +245% |
| Other amounts receivable | 41 | €5,175 | - | -€5,175 | |
| Cash at bank and in hand | 54/58 | €147,556 | €95,649 | -€51,907 | -35.2% |
| Deferred charges and accrued income | 490/1 | €4,402 | €10,745 | +€6,343 | +144% |
| Total equity and liabilities | 10/49 | €824,629 | €700,416 | -€124,213 | -15.1% |
| Equity | 10/15 | €134,107 | €129,059 | -€5,048 | -3.8% |
| Contributions | 10/11 | €100,080 | €100,080 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,027 | €28,979 | -€5,048 | -14.8% |
| Amounts payable | 17/49 | €690,522 | €571,357 | -€119,165 | -17.3% |
| Amounts payable within one year | 42/48 | €690,058 | €565,345 | -€124,713 | -18.1% |
| Trade debts | 44 | €648,576 | €500,301 | -€148,275 | -22.9% |
| Suppliers | 440/4 | €648,576 | €500,301 | -€148,275 | -22.9% |
| Taxes, remuneration and social security | 45 | €26,594 | €16,517 | -€10,077 | -37.9% |
| Taxes | 450/3 | €11,982 | €651 | -€11,332 | -94.6% |
| Remuneration and social security | 454/9 | €14,611 | €15,866 | +€1,255 | +8.6% |
| Other amounts payable | 47/48 | €14,888 | €48,528 | +€33,639 | +226% |
| Accrued charges and deferred income | 492/3 | €465 | €6,013 | +€5,548 | +1,193% |
| Remuneration, social security and pensions | 62 | €78,700 | €81,677 | +€2,978 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,269 | €83,081 | +€1,812 | +2.2% |
| Other operating charges | 640/8 | €168 | €168 | = | 0.0% |
| Gross operating margin | 9900 | €252,975 | €162,700 | -€90,275 | -35.7% |
| Operating profit (loss) | 9901 | €92,839 | -€2,226 | -€95,065 | |
| Financial income | 75/76B | €1 | €144 | +€144 | +19,420% |
| Recurring financial income | 75 | €1 | €144 | +€144 | +19,420% |
| Financial charges | 65/66B | €1,079 | €2,967 | +€1,888 | +175% |
| Recurring financial charges | 65 | €1,079 | €2,967 | +€1,888 | +175% |
| Profit (loss) for the period before taxes | 9903 | €91,761 | -€5,048 | -€96,809 | |
| Income taxes | 67/77 | €11,636 | - | -€11,636 | |
| Profit (loss) for the period | 9904 | €80,126 | -€5,048 | -€85,174 | |
| Profit (loss) for the period to be appropriated | 9905 | €80,126 | -€5,048 | -€85,174 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.