GAZIA: 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.
GAZIA
Largest movements
- Tangible fixed assets -€18,599
down €18,599 (-7.4%), from €251,874 to €233,275
of which Land and buildings: -€14,881
- Cash +€4,773
up €4,773 (+6.3%), from €75,257 to €80,030
mainly Depreciation (+€18,598) and Other debts (+€2,771)
- Reserves -€11,754
down €11,754 (-4.7%), from €247,860 to €236,106
- Accrued charges and deferred income -€4,382
down €4,382 (-80.1%), from €5,471 to €1,089
- Gross operating margin +€7,684
up €7,684 (+482.8%), from €1,592 to €9,276
- Financial charges -€5,197
down €5,197 (-98.5%), from €5,274 to €77
- Depreciation +€877
up €877 (+5.0%), from €17,721 to €18,598
- Other operating charges +€96
up €96 (+4.2%), from €2,260 to €2,356
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 | €327,935 | €314,380 | -€13,555 | -4.1% |
| Fixed assets | 21/28 | €251,874 | €233,275 | -€18,599 | -7.4% |
| Tangible fixed assets | 22/27 | €251,874 | €233,275 | -€18,599 | -7.4% |
| Land and buildings | 22 | €240,381 | €225,500 | -€14,881 | -6.2% |
| Plant, machinery and equipment | 23 | €6,992 | €4,603 | -€2,389 | -34.2% |
| Furniture and vehicles | 24 | €4,500 | €3,172 | -€1,328 | -29.5% |
| Current assets | 29/58 | €76,061 | €81,105 | +€5,044 | +6.6% |
| Amounts receivable within one year | 40/41 | €468 | €327 | -€141 | -30.1% |
| Trade receivables | 40 | €468 | €327 | -€141 | -30.1% |
| Cash at bank and in hand | 54/58 | €75,257 | €80,030 | +€4,773 | +6.3% |
| Deferred charges and accrued income | 490/1 | €336 | €748 | +€412 | +122.9% |
| Total equity and liabilities | 10/49 | €327,935 | €314,380 | -€13,555 | -4.1% |
| Equity | 10/15 | €254,060 | €242,306 | -€11,754 | -4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €247,860 | €236,106 | -€11,754 | -4.7% |
| Distributable reserves | 133 | €247,860 | €236,106 | -€11,754 | -4.7% |
| Amounts payable | 17/49 | €73,875 | €72,074 | -€1,801 | -2.4% |
| Amounts payable within one year | 42/48 | €68,404 | €70,985 | +€2,581 | +3.8% |
| Financial debts | 43 | €12 | - | -€12 | |
| Credit institutions | 430/8 | €12 | - | -€12 | |
| Trade debts | 44 | €379 | €201 | -€178 | -46.9% |
| Suppliers | 440/4 | €379 | €201 | -€178 | -46.9% |
| Other amounts payable | 47/48 | €68,013 | €70,784 | +€2,771 | +4.1% |
| Accrued charges and deferred income | 492/3 | €5,471 | €1,089 | -€4,382 | -80.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,721 | €18,598 | +€877 | +5.0% |
| Other operating charges | 640/8 | €2,260 | €2,356 | +€96 | +4.2% |
| Gross operating margin | 9900 | €1,592 | €9,276 | +€7,684 | +482.8% |
| Operating profit (loss) | 9901 | -€18,389 | -€11,678 | +€6,711 | +36.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €5,274 | €77 | -€5,197 | -98.5% |
| Recurring financial charges | 65 | €5,274 | €77 | -€5,197 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,664 | -€11,754 | +€11,910 | +50.3% |
| Profit (loss) for the period | 9904 | -€23,664 | -€11,754 | +€11,910 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,664 | -€11,754 | +€11,910 | +50.3% |
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 11 October 2026 via checked.be.