GHARACHO SPUTNIK: 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.
GHARACHO SPUTNIK
Largest movements
- Current investments +€46,693
up €46,693 (+208.5%), from €22,400 to €69,093
- Cash -€7,445
down €7,445 (-63.4%), from €11,742 to €4,297
mainly Current investments (-€46,693) and Investment in fixed assets (net) (-€6,962)
- Profit (loss) carried forward +€29,006
up €29,006 (+25.1%), from €115,475 to €144,480
- Trade debts +€8,660
up €8,660 (+185.0%), from €4,682 to €13,342
- Gross operating margin +€25,781
up €25,781 (+26.4%), from €97,705 to €123,486
- Taxes +€7,710
up €7,710 (+152.0%), from €5,072 to €12,782
- Staff costs +€3,707
up €3,707 (+5.2%), from €71,404 to €75,112
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 | €145,566 | €184,641 | +€39,075 | +26.8% |
| Fixed assets | 21/28 | €21,198 | €22,330 | +€1,132 | +5.3% |
| Tangible fixed assets | 22/27 | €20,198 | €21,330 | +€1,132 | +5.6% |
| Plant, machinery and equipment | 23 | €17,311 | €19,634 | +€2,322 | +13.4% |
| Furniture and vehicles | 24 | €2,887 | €1,696 | -€1,190 | -41.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €124,368 | €162,311 | +€37,943 | +30.5% |
| Amounts receivable within one year | 40/41 | €90,226 | €88,921 | -€1,305 | -1.4% |
| Trade receivables | 40 | €31,928 | €11,447 | -€20,481 | -64.1% |
| Other amounts receivable | 41 | €58,299 | €77,474 | +€19,176 | +32.9% |
| Current investments | 50/53 | €22,400 | €69,093 | +€46,693 | +208.5% |
| Cash at bank and in hand | 54/58 | €11,742 | €4,297 | -€7,445 | -63.4% |
| Total equity and liabilities | 10/49 | €145,566 | €184,641 | +€39,075 | +26.8% |
| Equity | 10/15 | €120,475 | €149,480 | +€29,006 | +24.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,475 | €144,480 | +€29,006 | +25.1% |
| Amounts payable | 17/49 | €25,092 | €35,161 | +€10,069 | +40.1% |
| Amounts payable within one year | 42/48 | €25,092 | €35,161 | +€10,069 | +40.1% |
| Trade debts | 44 | €4,682 | €13,342 | +€8,660 | +185.0% |
| Suppliers | 440/4 | €4,682 | €13,342 | +€8,660 | +185.0% |
| Taxes, remuneration and social security | 45 | €20,410 | €21,819 | +€1,410 | +6.9% |
| Taxes | 450/3 | €15,875 | €21,819 | +€5,944 | +37.4% |
| Remuneration and social security | 454/9 | €4,535 | - | -€4,535 | |
| Remuneration, social security and pensions | 62 | €71,404 | €75,112 | +€3,707 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,205 | €5,830 | +€625 | +12.0% |
| Other operating charges | 640/8 | €387 | €654 | +€266 | +68.8% |
| Gross operating margin | 9900 | €97,705 | €123,486 | +€25,781 | +26.4% |
| Operating profit (loss) | 9901 | €20,708 | €41,890 | +€21,182 | +102.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +300.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +300.0% |
| Financial charges | 65/66B | €183 | €103 | -€80 | -43.9% |
| Recurring financial charges | 65 | €183 | €103 | -€80 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €20,525 | €41,788 | +€21,262 | +103.6% |
| Income taxes | 67/77 | €5,072 | €12,782 | +€7,710 | +152.0% |
| Profit (loss) for the period | 9904 | €15,453 | €29,006 | +€13,552 | +87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,453 | €29,006 | +€13,552 | +87.7% |
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 6 October 2026 via checked.be.