Gheyle Technics: 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.
Gheyle Technics
Largest movements
- Receivables within one year -€86,212
down €86,212 (-78.3%), from €110,110 to €23,898
of which Trade receivables: -€91,583
- Receivables after one year -€70,112
no longer reported in 2025 (was €70,112)
- Cash +€27,559
up €27,559 (+106%), from €25,957 to €53,515
mainly Receivables within one year (+€86,212) and Receivables after one year (+€70,112)
- Tangible fixed assets +€4,364
new in 2025: €4,364
of which Furniture and vehicles: +€2,381
- Profit (loss) carried forward -€117,355
new in 2025: -€117,355
- Current portion of long-term debt +€22,600
up €22,600 (+85.3%), from €26,500 to €49,100
- Tax, wage and social debts -€15,037
down €15,037 (-50.5%), from €29,749 to €14,713
of which Taxes: -€16,541
- Debts after one year -€13,633
down €13,633 (-19.2%), from €71,073 to €57,440
- Gross operating margin -€93,424
down €93,424, from €48,043 to -€45,381
- Taxes -€13,209
down €13,209, from €13,209 to -€0
- Financial charges +€2,426
up €2,426 (+2,335%), from €104 to €2,530
- Depreciation +€515
new in 2025: €515
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 | €206,178 | €82,876 | -€123,302 | -59.8% |
| Fixed assets | 21/28 | - | €4,364 | +€4,364 | |
| Tangible fixed assets | 22/27 | - | €4,364 | +€4,364 | |
| Plant, machinery and equipment | 23 | - | €1,984 | +€1,984 | |
| Furniture and vehicles | 24 | - | €2,381 | +€2,381 | |
| Current assets | 29/58 | €206,178 | €78,512 | -€127,666 | -61.9% |
| Amounts receivable after more than one year | 29 | €70,112 | - | -€70,112 | |
| Other amounts receivable | 291 | €70,112 | - | -€70,112 | |
| Amounts receivable within one year | 40/41 | €110,110 | €23,898 | -€86,212 | -78.3% |
| Trade receivables | 40 | €110,110 | €18,527 | -€91,583 | -83.2% |
| Other amounts receivable | 41 | - | €5,372 | +€5,372 | |
| Cash at bank and in hand | 54/58 | €25,957 | €53,515 | +€27,559 | +106% |
| Deferred charges and accrued income | 490/1 | - | €1,098 | +€1,098 | |
| Total equity and liabilities | 10/49 | €206,178 | €82,876 | -€123,302 | -59.8% |
| Equity | 10/15 | €75,415 | -€41,941 | -€117,355 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €70,415 | €70,415 | = | 0.0% |
| Distributable reserves | 133 | €70,415 | €70,415 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€117,355 | -€117,355 | |
| Amounts payable | 17/49 | €130,763 | €124,817 | -€5,947 | -4.5% |
| Amounts payable after more than one year | 17 | €71,073 | €57,440 | -€13,633 | -19.2% |
| Other amounts payable | 178/9 | €71,073 | €57,440 | -€13,633 | -19.2% |
| Amounts payable within one year | 42/48 | €59,690 | €67,377 | +€7,686 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €26,500 | €49,100 | +€22,600 | +85.3% |
| Financial debts | 43 | €1,340 | €1,506 | +€166 | +12.4% |
| Credit institutions | 430/8 | €1,340 | €1,506 | +€166 | +12.4% |
| Trade debts | 44 | €2,101 | €2,058 | -€43 | -2.0% |
| Suppliers | 440/4 | €2,101 | €2,058 | -€43 | -2.0% |
| Taxes, remuneration and social security | 45 | €29,749 | €14,713 | -€15,037 | -50.5% |
| Taxes | 450/3 | €29,749 | €13,209 | -€16,541 | -55.6% |
| Remuneration and social security | 454/9 | - | €1,504 | +€1,504 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €515 | +€515 | |
| Other operating charges | 640/8 | €391 | €128 | -€263 | -67.3% |
| Non-recurring operating charges | 66A | - | €68,802 | +€68,802 | |
| Gross operating margin | 9900 | €48,043 | -€45,381 | -€93,424 | |
| Operating profit (loss) | 9901 | €47,652 | -€114,826 | -€162,478 | |
| Financial charges | 65/66B | €104 | €2,530 | +€2,426 | +2,335% |
| Recurring financial charges | 65 | €104 | €2,530 | +€2,426 | +2,335% |
| Profit (loss) for the period before taxes | 9903 | €47,548 | -€117,356 | -€164,904 | |
| Income taxes | 67/77 | €13,209 | -€0 | -€13,209 | |
| Profit (loss) for the period | 9904 | €34,339 | -€117,355 | -€151,694 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,339 | -€117,355 | -€151,694 |
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 15 October 2026 via checked.be.