GULLIVER: 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.
GULLIVER
Largest movements
- Cash -€68,639
down €68,639 (-72.3%), from €94,926 to €26,287
mainly Other debts (-€42,465) and Net result for the year (-€28,565)
- Receivables within one year -€12,450
down €12,450 (-39.3%), from €31,691 to €19,241
of which Trade receivables: -€28,754
- Other debts -€42,465
down €42,465 (-49.4%), from €85,939 to €43,474
- Profit (loss) carried forward -€28,565
down €28,565, from €0 to -€28,565
- Tax, wage and social debts -€10,017
down €10,017 (-56.0%), from €17,893 to €7,877
of which Remuneration and social security: -€6,000
- Gross operating margin -€81,981
down €81,981, from €56,706 to -€25,275
- Taxes -€12,447
down €12,447 (-98.9%), from €12,587 to €141
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 | €160,155 | €77,665 | -€82,490 | -51.5% |
| Fixed assets | 21/28 | €4,416 | €2,241 | -€2,175 | -49.3% |
| Intangible fixed assets | 21 | €1,705 | €497 | -€1,208 | -70.9% |
| Tangible fixed assets | 22/27 | €2,711 | €1,744 | -€967 | -35.7% |
| Furniture and vehicles | 24 | €2,711 | €1,744 | -€967 | -35.7% |
| Current assets | 29/58 | €155,739 | €75,424 | -€80,314 | -51.6% |
| Amounts receivable after more than one year | 29 | €26,500 | €26,500 | = | 0.0% |
| Other amounts receivable | 291 | €26,500 | €26,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,691 | €19,241 | -€12,450 | -39.3% |
| Trade receivables | 40 | €31,691 | €2,936 | -€28,754 | -90.7% |
| Other amounts receivable | 41 | - | €16,305 | +€16,305 | |
| Cash at bank and in hand | 54/58 | €94,926 | €26,287 | -€68,639 | -72.3% |
| Deferred charges and accrued income | 490/1 | €2,622 | €3,397 | +€775 | +29.5% |
| Total equity and liabilities | 10/49 | €160,155 | €77,665 | -€82,490 | -51.5% |
| Equity | 10/15 | €53,502 | €24,937 | -€28,565 | -53.4% |
| Contributions | 10/11 | €30,900 | €30,900 | = | 0.0% |
| Reserves | 13 | €22,602 | €22,602 | = | 0.0% |
| Distributable reserves | 133 | €22,602 | €22,602 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€28,565 | -€28,565 | |
| Amounts payable | 17/49 | €106,653 | €52,729 | -€53,924 | -50.6% |
| Amounts payable within one year | 42/48 | €106,653 | €52,729 | -€53,924 | -50.6% |
| Trade debts | 44 | €2,820 | €1,378 | -€1,442 | -51.1% |
| Suppliers | 440/4 | €2,820 | €1,378 | -€1,442 | -51.1% |
| Taxes, remuneration and social security | 45 | €17,893 | €7,877 | -€10,017 | -56.0% |
| Taxes | 450/3 | €11,893 | €7,877 | -€4,017 | -33.8% |
| Remuneration and social security | 454/9 | €6,000 | €0 | -€6,000 | -100.0% |
| Other amounts payable | 47/48 | €85,939 | €43,474 | -€42,465 | -49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,175 | €2,175 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,136 | €1,576 | +€439 | +38.7% |
| Non-recurring operating charges | 66A | €2,081 | €0 | -€2,081 | -100.0% |
| Gross operating margin | 9900 | €56,706 | -€25,275 | -€81,981 | |
| Operating profit (loss) | 9901 | €51,314 | -€29,025 | -€80,339 | |
| Financial income | 75/76B | €795 | €795 | = | 0.0% |
| Recurring financial income | 75 | €795 | €795 | = | 0.0% |
| Financial charges | 65/66B | €216 | €194 | -€22 | -10.1% |
| Recurring financial charges | 65 | €216 | €194 | -€22 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €51,893 | -€28,425 | -€80,317 | |
| Income taxes | 67/77 | €12,587 | €141 | -€12,447 | -98.9% |
| Profit (loss) for the period | 9904 | €39,305 | -€28,565 | -€67,871 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,305 | -€28,565 | -€67,871 |
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 12 October 2026 via checked.be.