GAZA: 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.
GAZA
Largest movements
- Stocks and contracts +€6,043
up €6,043 (+73.2%), from €8,250 to €14,293
- Receivables within one year +€5,382
up €5,382 (+91.8%), from €5,865 to €11,247
- Cash +€3,408
up €3,408 (+82.1%), from €4,150 to €7,558
mainly Net result for the year (+€12,009) and Tax, wage and social debts (+€10,458)
- Deferred charges and accrued income +€820
new in 2025: €820
- Reserves +€12,009
new in 2025: €12,009
- Tax, wage and social debts +€10,458
up €10,458 (+78.2%), from €13,368 to €23,826
of which Taxes: +€11,827
- Trade debts -€6,814
no longer reported in 2025 (was €6,814)
- Staff costs -€9,084
down €9,084 (-25.8%), from €35,201 to €26,117
- Gross operating margin +€8,169
up €8,169 (+21.4%), from €38,149 to €46,318
- Taxes +€3,051
up €3,051 (+243%), from €1,257 to €4,308
- Other operating charges +€1,546
up €1,546 (+81.5%), from €1,897 to €3,443
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 | €18,265 | €33,918 | +€15,653 | +85.7% |
| Current assets | 29/58 | €18,265 | €33,918 | +€15,653 | +85.7% |
| Stocks and contracts in progress | 3 | €8,250 | €14,293 | +€6,043 | +73.2% |
| Stocks | 30/36 | €8,250 | €14,293 | +€6,043 | +73.2% |
| Amounts receivable within one year | 40/41 | €5,865 | €11,247 | +€5,382 | +91.8% |
| Trade receivables | 40 | €5,865 | €11,247 | +€5,382 | +91.8% |
| Cash at bank and in hand | 54/58 | €4,150 | €7,558 | +€3,408 | +82.1% |
| Deferred charges and accrued income | 490/1 | - | €820 | +€820 | |
| Total equity and liabilities | 10/49 | €18,265 | €33,918 | +€15,653 | +85.7% |
| Equity | 10/15 | -€1,917 | €10,092 | +€12,009 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | - | €12,009 | +€12,009 | |
| Distributable reserves | 133 | - | €12,009 | +€12,009 | |
| Profit (loss) carried forward | 14 | -€7,917 | -€7,917 | = | 0.0% |
| Amounts payable | 17/49 | €20,183 | €23,826 | +€3,644 | +18.1% |
| Amounts payable within one year | 42/48 | €20,183 | €23,826 | +€3,644 | +18.1% |
| Trade debts | 44 | €6,814 | - | -€6,814 | |
| Suppliers | 440/4 | €6,814 | - | -€6,814 | |
| Taxes, remuneration and social security | 45 | €13,368 | €23,826 | +€10,458 | +78.2% |
| Taxes | 450/3 | €2,594 | €14,421 | +€11,827 | +456% |
| Remuneration and social security | 454/9 | €10,775 | €9,406 | -€1,369 | -12.7% |
| Remuneration, social security and pensions | 62 | €35,201 | €26,117 | -€9,084 | -25.8% |
| Other operating charges | 640/8 | €1,897 | €3,443 | +€1,546 | +81.5% |
| Gross operating margin | 9900 | €38,149 | €46,318 | +€8,169 | +21.4% |
| Operating profit (loss) | 9901 | €1,051 | €16,758 | +€15,706 | +1,494% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €333 | €441 | +€107 | +32.2% |
| Recurring financial charges | 65 | €333 | €441 | +€107 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | €718 | €16,317 | +€15,599 | +2,172% |
| Income taxes | 67/77 | €1,257 | €4,308 | +€3,051 | +243% |
| Profit (loss) for the period | 9904 | -€538 | €12,009 | +€12,548 | |
| Profit (loss) for the period to be appropriated | 9905 | -€538 | €12,009 | +€12,548 |
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 18 October 2026 via checked.be.