LE GAILLARD: what changed
LE GAILLARD
Largest movements
- Tangible fixed assets -€23,895
down €23,895 (-26.1%), from €91,392 to €67,497
of which Plant, machinery and equipment: -€15,008
- Cash +€20,628
up €20,628 (+3,474%), from €594 to €21,221
mainly Net result for the year (+€24,200) and Depreciation (+€23,895)
- Receivables within one year -€1,371
down €1,371 (-5.9%), from €23,369 to €21,998
of which Other amounts receivable: -€7,898
- Provisions -€31,578
no longer reported in 2025 (was €31,578)
- Reserves +€14,000
up €14,000 (+193%), from €7,244 to €21,244
- Profit (loss) carried forward +€10,200
up €10,200, from -€10,106 to €94
- Other debts +€3,506
up €3,506 (+3.9%), from €89,173 to €92,679
- Provisions -€63,155
down €63,155, from €31,578 to -€31,578
- Turnover +€46,824
new in 2025: €46,824
- Purchases and services +€37,169
new in 2025: €37,169
- Depreciation -€3,994
down €3,994 (-14.3%), from €27,889 to €23,895
- Gross operating margin +€2,445
up €2,445 (+15.8%), from €15,439 to €17,884
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,090 | €116,360 | -€3,730 | -3.1% |
| Fixed assets | 21/28 | €91,392 | €67,497 | -€23,895 | -26.1% |
| Tangible fixed assets | 22/27 | €91,392 | €67,497 | -€23,895 | -26.1% |
| Plant, machinery and equipment | 23 | €69,698 | €54,690 | -€15,008 | -21.5% |
| Furniture and vehicles | 24 | €21,693 | €12,807 | -€8,887 | -41.0% |
| Current assets | 29/58 | €28,698 | €48,863 | +€20,165 | +70.3% |
| Stocks and contracts in progress | 3 | €2,655 | €3,555 | +€900 | +33.9% |
| Stocks | 30/36 | €2,655 | €3,555 | +€900 | +33.9% |
| Amounts receivable within one year | 40/41 | €23,369 | €21,998 | -€1,371 | -5.9% |
| Trade receivables | 40 | €14,298 | €20,825 | +€6,527 | +45.6% |
| Other amounts receivable | 41 | €9,072 | €1,174 | -€7,898 | -87.1% |
| Cash at bank and in hand | 54/58 | €594 | €21,221 | +€20,628 | +3,474% |
| Deferred charges and accrued income | 490/1 | €2,080 | €2,089 | +€8 | +0.4% |
| Total equity and liabilities | 10/49 | €120,090 | €116,360 | -€3,730 | -3.1% |
| Equity | 10/15 | -€939 | €23,260 | +€24,200 | |
| Contributions | 10/11 | €1,922 | €1,922 | = | 0.0% |
| Reserves | 13 | €7,244 | €21,244 | +€14,000 | +193% |
| Distributable reserves | 133 | €7,244 | €21,244 | +€14,000 | +193% |
| Profit (loss) carried forward | 14 | -€10,106 | €94 | +€10,200 | |
| Provisions and deferred taxes | 16 | €31,578 | - | -€31,578 | |
| Provisions for liabilities and charges | 160/5 | €31,578 | - | -€31,578 | |
| Other liabilities and charges | 164/5 | €31,578 | - | -€31,578 | |
| Amounts payable | 17/49 | €89,452 | €93,100 | +€3,648 | +4.1% |
| Amounts payable within one year | 42/48 | €89,452 | €93,033 | +€3,581 | +4.0% |
| Trade debts | 44 | €163 | €124 | -€39 | -24.2% |
| Suppliers | 440/4 | €163 | €124 | -€39 | -24.2% |
| Taxes, remuneration and social security | 45 | €116 | €230 | +€114 | +98.6% |
| Taxes | 450/3 | €116 | €230 | +€114 | +98.6% |
| Other amounts payable | 47/48 | €89,173 | €92,679 | +€3,506 | +3.9% |
| Accrued charges and deferred income | 492/3 | - | €67 | +€67 | |
| Turnover | 70 | - | €46,824 | +€46,824 | |
| Non-recurring operating income | 76A | - | €8,229 | +€8,229 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €37,169 | +€37,169 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,889 | €23,895 | -€3,994 | -14.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €31,578 | -€31,578 | -€63,155 | |
| Other operating charges | 640/8 | €1,040 | €1,123 | +€83 | +8.0% |
| Gross operating margin | 9900 | €15,439 | €17,884 | +€2,445 | +15.8% |
| Operating profit (loss) | 9901 | -€45,067 | €24,444 | +€69,511 | |
| Financial income | 75/76B | €3 | €67 | +€64 | +2,226% |
| Recurring financial income | 75 | €3 | €67 | +€64 | +2,226% |
| Financial charges | 65/66B | €69 | €61 | -€8 | -11.6% |
| Recurring financial charges | 65 | €69 | €61 | -€8 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€45,133 | €24,450 | +€69,583 | |
| Transfer from deferred taxes | 780 | €262 | - | -€262 | |
| Income taxes | 67/77 | €117 | €250 | +€133 | +114% |
| Profit (loss) for the period | 9904 | -€44,988 | €24,200 | +€69,187 | |
| Transfer from tax-exempt reserves | 789 | €788 | - | -€788 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,200 | €24,200 | +€68,400 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.