GONZALEX: 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.
GONZALEX
Largest movements
- Receivables after one year -€40,422
no longer reported in 2025 (was €40,422)
- Tangible fixed assets +€8,943
new in 2025: €8,943
- Cash -€2,923
down €2,923 (-22.9%), from €12,789 to €9,866
mainly Contributions, distributions and other (-€67,000) and Investment in fixed assets (net) (-€12,000)
- Receivables within one year +€2,353
up €2,353 (+342%), from €687 to €3,040
of which Trade receivables: +€3,040
- Deferred charges and accrued income +€1,690
new in 2025: €1,690
- Profit (loss) carried forward -€35,468
down €35,468 (-82.4%), from €43,046 to €7,577
- Tax, wage and social debts +€4,882
up €4,882 (+64.2%), from €7,606 to €12,488
of which Taxes: +€4,882
- Trade debts +€1,060
up €1,060 (+105%), from €1,013 to €2,073
- Other debts -€833
no longer reported in 2025 (was €833)
- Gross operating margin -€15,660
down €15,660 (-25.3%), from €61,933 to €46,273
- Depreciation +€3,057
new in 2025: €3,057
- Financial income -€1,176
down €1,176 (-31.5%), from €3,729 to €2,553
- Taxes -€1,073
down €1,073 (-7.5%), from €14,226 to €13,153
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 | €53,898 | €23,538 | -€30,360 | -56.3% |
| Fixed assets | 21/28 | - | €8,943 | +€8,943 | |
| Tangible fixed assets | 22/27 | - | €8,943 | +€8,943 | |
| Furniture and vehicles | 24 | - | €8,943 | +€8,943 | |
| Current assets | 29/58 | €53,898 | €14,595 | -€39,303 | -72.9% |
| Amounts receivable after more than one year | 29 | €40,422 | - | -€40,422 | |
| Other amounts receivable | 291 | €40,422 | - | -€40,422 | |
| Amounts receivable within one year | 40/41 | €687 | €3,040 | +€2,353 | +342% |
| Trade receivables | 40 | - | €3,040 | +€3,040 | |
| Other amounts receivable | 41 | €687 | - | -€687 | |
| Cash at bank and in hand | 54/58 | €12,789 | €9,866 | -€2,923 | -22.9% |
| Deferred charges and accrued income | 490/1 | - | €1,690 | +€1,690 | |
| Total equity and liabilities | 10/49 | €53,898 | €23,538 | -€30,360 | -56.3% |
| Equity | 10/15 | €44,446 | €8,977 | -€35,468 | -79.8% |
| Contributions | 10/11 | €1,400 | €1,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,046 | €7,577 | -€35,468 | -82.4% |
| Amounts payable | 17/49 | €9,452 | €14,561 | +€5,109 | +54.0% |
| Amounts payable within one year | 42/48 | €9,452 | €14,561 | +€5,109 | +54.0% |
| Trade debts | 44 | €1,013 | €2,073 | +€1,060 | +105% |
| Suppliers | 440/4 | €1,013 | €2,073 | +€1,060 | +105% |
| Taxes, remuneration and social security | 45 | €7,606 | €12,488 | +€4,882 | +64.2% |
| Taxes | 450/3 | €5,746 | €10,628 | +€4,882 | +85.0% |
| Remuneration and social security | 454/9 | €1,860 | €1,860 | = | 0.0% |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,057 | +€3,057 | |
| Other operating charges | 640/8 | €387 | €875 | +€488 | +126% |
| Gross operating margin | 9900 | €61,933 | €46,273 | -€15,660 | -25.3% |
| Operating profit (loss) | 9901 | €61,546 | €42,341 | -€19,205 | -31.2% |
| Financial income | 75/76B | €3,729 | €2,553 | -€1,176 | -31.5% |
| Recurring financial income | 75 | €3,729 | €2,553 | -€1,176 | -31.5% |
| Financial charges | 65/66B | €8 | €210 | +€202 | +2,473% |
| Recurring financial charges | 65 | €8 | €210 | +€202 | +2,473% |
| Profit (loss) for the period before taxes | 9903 | €65,266 | €44,684 | -€20,582 | -31.5% |
| Income taxes | 67/77 | €14,226 | €13,153 | -€1,073 | -7.5% |
| Profit (loss) for the period | 9904 | €51,041 | €31,532 | -€19,509 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,041 | €31,532 | -€19,509 | -38.2% |
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 17 October 2026 via checked.be.