GULLIVER: 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.
GULLIVER
Largest movements
- Receivables within one year -€5,344
down €5,344 (-97.0%), from €5,506 to €163
of which Trade receivables: -€5,441
- Cash +€4,843
up €4,843 (+460.9%), from €1,051 to €5,893
mainly Other debts (+€9,075) and Receivables within one year (+€5,344)
- Tangible fixed assets -€1,048
no longer reported in 2025 (was €1,048)
- Profit (loss) carried forward -€11,571
down €11,571 (-50.3%), from -€22,988 to -€34,559
- Other debts +€9,075
up €9,075 (+83.9%), from €10,822 to €19,897
- Trade debts +€1,640
up €1,640 (+342.7%), from €478 to €2,118
- Tax, wage and social debts -€692
no longer reported in 2025 (was €692)
- Depreciation -€4,438
down €4,438 (-80.9%), from €5,486 to €1,048
- Other operating charges +€335
up €335 (+225.3%), from €149 to €484
- Staff costs -€312
down €312 (-71.4%), from €437 to €125
- Gross operating margin -€283
down €283 (-3.0%), from -€9,430 to -€9,713
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 | €7,605 | €6,056 | -€1,549 | -20.4% |
| Fixed assets | 21/28 | €1,048 | - | -€1,048 | |
| Tangible fixed assets | 22/27 | €1,048 | - | -€1,048 | |
| Furniture and vehicles | 24 | €1,048 | - | -€1,048 | |
| Current assets | 29/58 | €6,557 | €6,056 | -€501 | -7.6% |
| Amounts receivable within one year | 40/41 | €5,506 | €163 | -€5,344 | -97.0% |
| Trade receivables | 40 | €5,506 | €66 | -€5,441 | -98.8% |
| Other amounts receivable | 41 | - | €97 | +€97 | |
| Cash at bank and in hand | 54/58 | €1,051 | €5,893 | +€4,843 | +460.9% |
| Total equity and liabilities | 10/49 | €7,605 | €6,056 | -€1,549 | -20.4% |
| Equity | 10/15 | -€4,388 | -€15,959 | -€11,571 | -263.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,988 | -€34,559 | -€11,571 | -50.3% |
| Amounts payable | 17/49 | €11,993 | €22,015 | +€10,022 | +83.6% |
| Amounts payable within one year | 42/48 | €11,993 | €22,015 | +€10,022 | +83.6% |
| Trade debts | 44 | €478 | €2,118 | +€1,640 | +342.7% |
| Suppliers | 440/4 | €478 | €2,118 | +€1,640 | +342.7% |
| Taxes, remuneration and social security | 45 | €692 | - | -€692 | |
| Taxes | 450/3 | €692 | - | -€692 | |
| Other amounts payable | 47/48 | €10,822 | €19,897 | +€9,075 | +83.9% |
| Remuneration, social security and pensions | 62 | €437 | €125 | -€312 | -71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,486 | €1,048 | -€4,438 | -80.9% |
| Other operating charges | 640/8 | €149 | €484 | +€335 | +225.3% |
| Gross operating margin | 9900 | -€9,430 | -€9,713 | -€283 | -3.0% |
| Operating profit (loss) | 9901 | -€15,501 | -€11,370 | +€4,131 | +26.7% |
| Financial charges | 65/66B | €270 | €202 | -€69 | -25.4% |
| Recurring financial charges | 65 | €270 | €202 | -€69 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,771 | -€11,571 | +€4,200 | +26.6% |
| Profit (loss) for the period | 9904 | -€15,771 | -€11,571 | +€4,200 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,771 | -€11,571 | +€4,200 | +26.6% |
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.