GONDOLA: 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.
GONDOLA
Largest movements
- Cash +€18,028
up €18,028 (+21.9%), from €82,254 to €100,282
mainly Depreciation (+€14,416) and Net result for the year (+€13,229)
- Tangible fixed assets -€14,416
down €14,416 (-5.5%), from €263,529 to €249,113
- Profit (loss) carried forward -€18,000
down €18,000 (-8.1%), from €221,329 to €203,329
- Reserves +€13,229
up €13,229 (+119%), from €11,155 to €24,385
of which Distributable reserves: +€13,229
- Trade debts +€7,136
new in 2025: €7,136
- Gross operating margin -€19,236
down €19,236 (-33.7%), from €57,066 to €37,830
- Taxes +€2,626
new in 2025: €2,626
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 | €350,336 | €354,475 | +€4,139 | +1.2% |
| Fixed assets | 21/28 | €263,529 | €249,113 | -€14,416 | -5.5% |
| Tangible fixed assets | 22/27 | €263,529 | €249,113 | -€14,416 | -5.5% |
| Land and buildings | 22 | €263,529 | €249,113 | -€14,416 | -5.5% |
| Current assets | 29/58 | €86,807 | €105,362 | +€18,555 | +21.4% |
| Cash at bank and in hand | 54/58 | €82,254 | €100,282 | +€18,028 | +21.9% |
| Deferred charges and accrued income | 490/1 | €4,553 | €5,080 | +€527 | +11.6% |
| Total equity and liabilities | 10/49 | €350,336 | €354,475 | +€4,139 | +1.2% |
| Equity | 10/15 | €344,036 | €339,266 | -€4,771 | -1.4% |
| Contributions | 10/11 | €111,552 | €111,552 | = | 0.0% |
| Capital | 10 | €111,552 | €111,552 | = | 0.0% |
| Issued capital | 100 | €111,552 | €111,552 | = | 0.0% |
| Reserves | 13 | €11,155 | €24,385 | +€13,229 | +119% |
| Non-distributable reserves | 130/1 | €11,155 | €11,155 | = | 0.0% |
| Legal reserve | 130 | €11,155 | €11,155 | = | 0.0% |
| Distributable reserves | 133 | - | €13,229 | +€13,229 | |
| Profit (loss) carried forward | 14 | €221,329 | €203,329 | -€18,000 | -8.1% |
| Amounts payable | 17/49 | €6,300 | €15,210 | +€8,910 | +141% |
| Amounts payable within one year | 42/48 | €6,300 | €15,210 | +€8,910 | +141% |
| Trade debts | 44 | - | €7,136 | +€7,136 | |
| Suppliers | 440/4 | - | €7,136 | +€7,136 | |
| Taxes, remuneration and social security | 45 | €6,300 | €8,026 | +€1,726 | +27.4% |
| Taxes | 450/3 | €6,300 | €8,026 | +€1,726 | +27.4% |
| Other amounts payable | 47/48 | - | €47 | +€47 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,416 | €14,416 | = | 0.0% |
| Other operating charges | 640/8 | €7,450 | €7,384 | -€65 | -0.9% |
| Non-recurring operating charges | 66A | €44,892 | - | -€44,892 | |
| Gross operating margin | 9900 | €57,066 | €37,830 | -€19,236 | -33.7% |
| Operating profit (loss) | 9901 | -€9,691 | €16,030 | +€25,721 | |
| Financial income | 75/76B | €5 | €10 | +€5 | +111% |
| Recurring financial income | 75 | €5 | €10 | +€5 | +111% |
| Financial charges | 65/66B | €64 | €184 | +€119 | +186% |
| Recurring financial charges | 65 | €64 | €184 | +€119 | +186% |
| Profit (loss) for the period before taxes | 9903 | -€9,751 | €15,856 | +€25,607 | |
| Income taxes | 67/77 | - | €2,626 | +€2,626 | |
| Profit (loss) for the period | 9904 | -€9,751 | €13,229 | +€22,980 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,751 | €13,229 | +€22,980 |
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 23 October 2026 via checked.be.