Gaz Gaz: 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.
Gaz Gaz
Largest movements
- Receivables within one year +€48,187
up €48,187 (+536%), from €8,988 to €57,175
of which Other amounts receivable: +€40,200
- Cash +€34,335
up €34,335 (+11.3%), from €304,688 to €339,022
mainly Other debts (+€72,650) and Net result for the year (+€17,259)
- Intangible fixed assets -€14,685
down €14,685 (-17.1%), from €85,663 to €70,978
- Other debts +€72,650
up €72,650 (+52.6%), from €138,145 to €210,795
- Debts after one year -€21,001
down €21,001 (-43.6%), from €48,120 to €27,119
- Profit (loss) carried forward +€17,259
up €17,259 (+49.1%), from €35,175 to €52,434
- Tax, wage and social debts +€13,977
up €13,977 (+43.8%), from €31,902 to €45,879
of which Taxes: +€7,104
- Trade debts -€6,129
down €6,129 (-5.6%), from €108,791 to €102,661
- Provisions -€40,000
down €40,000 (-100%), from €40,000 to €0
- Staff costs +€24,652
up €24,652 (+17.5%), from €140,898 to €165,551
- Taxes +€5,724
up €5,724 (+415%), from €1,380 to €7,104
- Gross operating margin +€3,598
up €3,598 (+1.7%), from €215,327 to €218,926
- Other operating charges -€3,315
down €3,315 (-33.0%), from €10,041 to €6,726
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 | €435,152 | €506,943 | +€71,792 | +16.5% |
| Fixed assets | 21/28 | €95,141 | €79,134 | -€16,007 | -16.8% |
| Intangible fixed assets | 21 | €85,663 | €70,978 | -€14,685 | -17.1% |
| Tangible fixed assets | 22/27 | €1,578 | €256 | -€1,322 | -83.7% |
| Furniture and vehicles | 24 | €1,578 | €256 | -€1,322 | -83.7% |
| Financial fixed assets | 28 | €7,900 | €7,900 | = | 0.0% |
| Current assets | 29/58 | €340,011 | €427,809 | +€87,798 | +25.8% |
| Stocks and contracts in progress | 3 | €25,200 | €26,737 | +€1,537 | +6.1% |
| Stocks | 30/36 | €25,200 | €26,737 | +€1,537 | +6.1% |
| Amounts receivable within one year | 40/41 | €8,988 | €57,175 | +€48,187 | +536% |
| Trade receivables | 40 | €3,988 | €11,975 | +€7,987 | +200% |
| Other amounts receivable | 41 | €5,000 | €45,200 | +€40,200 | +804% |
| Cash at bank and in hand | 54/58 | €304,688 | €339,022 | +€34,335 | +11.3% |
| Deferred charges and accrued income | 490/1 | €1,136 | €4,875 | +€3,740 | +329% |
| Total equity and liabilities | 10/49 | €435,152 | €506,943 | +€71,792 | +16.5% |
| Equity | 10/15 | €40,175 | €57,434 | +€17,259 | +43.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,175 | €52,434 | +€17,259 | +49.1% |
| Provisions and deferred taxes | 16 | €40,000 | €40,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €40,000 | €40,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable | 17/49 | €354,977 | €409,509 | +€54,532 | +15.4% |
| Amounts payable after more than one year | 17 | €48,120 | €27,119 | -€21,001 | -43.6% |
| Financial debts | 170/4 | €48,120 | €27,119 | -€21,001 | -43.6% |
| Amounts payable within one year | 42/48 | €302,086 | €382,391 | +€80,305 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | €22,078 | €22,724 | +€647 | +2.9% |
| Trade debts | 44 | €108,791 | €102,661 | -€6,129 | -5.6% |
| Suppliers | 440/4 | €108,791 | €102,661 | -€6,129 | -5.6% |
| Advances received on contracts in progress | 46 | €1,171 | €331 | -€840 | -71.7% |
| Taxes, remuneration and social security | 45 | €31,902 | €45,879 | +€13,977 | +43.8% |
| Taxes | 450/3 | €1,380 | €8,485 | +€7,104 | +515% |
| Remuneration and social security | 454/9 | €30,522 | €37,395 | +€6,873 | +22.5% |
| Other amounts payable | 47/48 | €138,145 | €210,795 | +€72,650 | +52.6% |
| Accrued charges and deferred income | 492/3 | €4,772 | €0 | -€4,772 | -100% |
| Remuneration, social security and pensions | 62 | €140,898 | €165,551 | +€24,652 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,817 | €16,007 | +€189 | +1.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €40,000 | €0 | -€40,000 | -100% |
| Other operating charges | 640/8 | €10,041 | €6,726 | -€3,315 | -33.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €215,327 | €218,926 | +€3,598 | +1.7% |
| Operating profit (loss) | 9901 | €8,571 | €30,642 | +€22,072 | +258% |
| Financial charges | 65/66B | €4,460 | €6,279 | +€1,818 | +40.8% |
| Recurring financial charges | 65 | €4,460 | €6,279 | +€1,818 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | €4,110 | €24,364 | +€20,253 | +493% |
| Income taxes | 67/77 | €1,380 | €7,104 | +€5,724 | +415% |
| Profit (loss) for the period | 9904 | €2,730 | €17,259 | +€14,529 | +532% |
| Profit (loss) for the period to be appropriated | 9905 | €2,730 | €17,259 | +€14,529 | +532% |
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 21 October 2026 via checked.be.