GAVROCHE: what changed
Two fiscal 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.
GAVROCHE
Largest movements
- Receivables within one year -€1,561
down €1,561 (-8.0%), from €19,483 to €17,922
of which Other amounts receivable: -€1,399
- Deferred charges and accrued income +€241
new in 2025: €241
- Cash -€213
down €213 (-22.3%), from €953 to €740
mainly Net result for the year (-€6,170) and Deferred charges and accrued income (-€241)
- Profit (loss) carried forward -€6,170
down €6,170, from €285 to -€5,885
- Short-term financial debts +€2,231
new in 2025: €2,231
- Trade debts +€1,220
up €1,220 (+34.5%), from €3,534 to €4,754
- Tax, wage and social debts +€1,212
up €1,212 (+31.6%), from €3,841 to €5,053
of which Remuneration and social security: +€1,214
- Gross operating margin -€8,608
down €8,608 (-28.3%), from €30,390 to €21,781
- Staff costs +€2,047
up €2,047 (+8.1%), from €25,192 to €27,240
- Other operating charges +€526
up €526 (+183.2%), from €287 to €813
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 | €20,436 | €18,903 | -€1,533 | -7.5% |
| Current assets | 29/58 | €20,436 | €18,903 | -€1,533 | -7.5% |
| Amounts receivable within one year | 40/41 | €19,483 | €17,922 | -€1,561 | -8.0% |
| Trade receivables | 40 | €162 | - | -€162 | |
| Other amounts receivable | 41 | €19,321 | €17,922 | -€1,399 | -7.2% |
| Cash at bank and in hand | 54/58 | €953 | €740 | -€213 | -22.3% |
| Deferred charges and accrued income | 490/1 | - | €241 | +€241 | |
| Total equity and liabilities | 10/49 | €20,436 | €18,903 | -€1,533 | -7.5% |
| Equity | 10/15 | €13,035 | €6,866 | -€6,170 | -47.3% |
| Contributions | 10/11 | €12,751 | €12,751 | = | 0.0% |
| Capital | 10 | €12,751 | €12,751 | = | 0.0% |
| Issued capital | 100 | €12,751 | €12,751 | = | 0.0% |
| Profit (loss) carried forward | 14 | €285 | -€5,885 | -€6,170 | |
| Amounts payable | 17/49 | €7,401 | €12,037 | +€4,637 | +62.7% |
| Amounts payable within one year | 42/48 | €7,375 | €12,037 | +€4,663 | +63.2% |
| Financial debts | 43 | - | €2,231 | +€2,231 | |
| Credit institutions | 430/8 | - | €2,231 | +€2,231 | |
| Trade debts | 44 | €3,534 | €4,754 | +€1,220 | +34.5% |
| Suppliers | 440/4 | €3,534 | €4,754 | +€1,220 | +34.5% |
| Taxes, remuneration and social security | 45 | €3,841 | €5,053 | +€1,212 | +31.6% |
| Taxes | 450/3 | €2 | - | -€2 | |
| Remuneration and social security | 454/9 | €3,839 | €5,053 | +€1,214 | +31.6% |
| Accrued charges and deferred income | 492/3 | €26 | - | -€26 | |
| Remuneration, social security and pensions | 62 | €25,192 | €27,240 | +€2,047 | +8.1% |
| Other operating charges | 640/8 | €287 | €813 | +€526 | +183.2% |
| Gross operating margin | 9900 | €30,390 | €21,781 | -€8,608 | -28.3% |
| Operating profit (loss) | 9901 | €4,911 | -€6,271 | -€11,182 | |
| Financial income | 75/76B | €824 | €945 | +€120 | +14.6% |
| Recurring financial income | 75 | €824 | €945 | +€120 | +14.6% |
| Financial charges | 65/66B | €558 | €845 | +€287 | +51.5% |
| Recurring financial charges | 65 | €558 | €845 | +€287 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | €5,177 | -€6,171 | -€11,349 | |
| Income taxes | 67/77 | - | -€2 | -€2 | |
| Profit (loss) for the period | 9904 | €5,177 | -€6,170 | -€11,347 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,177 | -€6,170 | -€11,347 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.