GAZONOR BENELUX: 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.
GAZONOR BENELUX
Largest movements
- Current investments -€1.5m
no longer reported in 2025 (was €1.5m)
- Cash -€888,705
down €888,705 (-57.2%), from €1.6m to €664,873
mainly Contributions, distributions and other (-€2.5m) and Other debts (-€1.3m)
- Financial fixed assets +€704,588
up €704,588 (+127.9%), from €551,000 to €1.3m
- Tangible fixed assets -€701,084
down €701,084 (-8.8%), from €8.0m to €7.3m
of which Leasing and similar rights: -€875,775
- Receivables within one year -€195,602
down €195,602 (-12.3%), from €1.6m to €1.4m
of which Trade receivables: -€195,847
- Other debts -€1.3m
down €1.3m (-33.9%), from €3.8m to €2.5m
- Debts after one year -€1.2m
down €1.2m (-20.8%), from €5.9m to €4.7m
- Tax, wage and social debts -€225,885
down €225,885 (-58.8%), from €383,976 to €158,091
- Provisions +€172,623
up €172,623 (+24.6%), from €700,494 to €873,117
- Turnover -€2.2m
down €2.2m (-28.2%), from €7.7m to €5.5m
- Gross operating margin -€1.9m
down €1.9m (-28.2%), from €6.6m to €4.7m
- Taxes -€431,851
down €431,851 (-32.5%), from €1.3m to €898,324
- Purchases and services -€315,133
down €315,133 (-26.8%), from €1.2m to €860,071
- Financial charges -€126,159
down €126,159 (-32.2%), from €391,586 to €265,427
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 | €13,180,327 | €10,597,775 | -€2.6m | -19.6% |
| Fixed assets | 21/28 | €8,540,365 | €8,543,869 | +€3,504 | 0.0% |
| Tangible fixed assets | 22/27 | €7,989,365 | €7,288,281 | -€701,084 | -8.8% |
| Land and buildings | 22 | €75,000 | €75,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €39,646 | €34,586 | -€5,060 | -12.8% |
| Leasing and similar rights | 25 | €7,865,043 | €6,989,268 | -€875,775 | -11.1% |
| Assets under construction and advance payments | 27 | €9,675 | €189,427 | +€179,752 | +1857.8% |
| Financial fixed assets | 28 | €551,000 | €1,255,588 | +€704,588 | +127.9% |
| Current assets | 29/58 | €4,639,963 | €2,053,906 | -€2.6m | -55.7% |
| Amounts receivable within one year | 40/41 | €1,584,365 | €1,388,763 | -€195,602 | -12.3% |
| Trade receivables | 40 | €1,326,164 | €1,130,317 | -€195,847 | -14.8% |
| Other amounts receivable | 41 | €258,201 | €258,446 | +€245 | +0.1% |
| Current investments | 50/53 | €1,500,000 | - | -€1.5m | |
| Cash at bank and in hand | 54/58 | €1,553,578 | €664,873 | -€888,705 | -57.2% |
| Deferred charges and accrued income | 490/1 | €2,020 | €270 | -€1,750 | -86.6% |
| Total equity and liabilities | 10/49 | €13,180,327 | €10,597,775 | -€2.6m | -19.6% |
| Equity | 10/15 | €674,029 | - | -€674,029 | |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Investment grants | 15 | €344,029 | €344,029 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €700,494 | €873,117 | +€172,623 | +24.6% |
| Provisions for liabilities and charges | 160/5 | €700,494 | €873,117 | +€172,623 | +24.6% |
| Major repairs and maintenance | 162 | €700,494 | €873,117 | +€172,623 | +24.6% |
| Amounts payable | 17/49 | €11,805,805 | €9,050,629 | -€2.8m | -23.3% |
| Amounts payable after more than one year | 17 | €5,916,494 | €4,685,863 | -€1.2m | -20.8% |
| Financial debts | 170/4 | €5,916,494 | €4,685,863 | -€1.2m | -20.8% |
| Amounts payable within one year | 42/48 | €5,769,519 | €4,259,624 | -€1.5m | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €1,219,274 | €1,230,632 | +€11,358 | +0.9% |
| Trade debts | 44 | €370,967 | €360,541 | -€10,426 | -2.8% |
| Suppliers | 440/4 | €370,967 | €360,541 | -€10,426 | -2.8% |
| Taxes, remuneration and social security | 45 | €383,976 | €158,091 | -€225,885 | -58.8% |
| Taxes | 450/3 | €383,976 | €158,091 | -€225,885 | -58.8% |
| Other amounts payable | 47/48 | €3,795,301 | €2,510,360 | -€1.3m | -33.9% |
| Accrued charges and deferred income | 492/3 | €119,791 | €105,142 | -€14,649 | -12.2% |
| Turnover | 70 | €7,725,716 | €5,544,376 | -€2.2m | -28.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,175,204 | €860,071 | -€315,133 | -26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €905,201 | €896,148 | -€9,053 | -1.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €191,353 | €172,624 | -€18,729 | -9.8% |
| Other operating charges | 640/8 | €1,514 | €3,040 | +€1,526 | +100.8% |
| Gross operating margin | 9900 | €6,562,135 | €4,711,535 | -€1.9m | -28.2% |
| Operating profit (loss) | 9901 | €5,464,067 | €3,639,723 | -€1.8m | -33.4% |
| Financial income | 75/76B | €52,995 | €34,388 | -€18,607 | -35.1% |
| Recurring financial income | 75 | €52,995 | €34,388 | -€18,607 | -35.1% |
| Financial charges | 65/66B | €391,586 | €265,427 | -€126,159 | -32.2% |
| Recurring financial charges | 65 | €391,586 | €265,427 | -€126,159 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €5,125,476 | €3,408,684 | -€1.7m | -33.5% |
| Income taxes | 67/77 | €1,330,175 | €898,324 | -€431,851 | -32.5% |
| Profit (loss) for the period | 9904 | €3,795,301 | €2,510,360 | -€1.3m | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,795,301 | €2,510,360 | -€1.3m | -33.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.