LE GARGANTUA: what changed
LE GARGANTUA
Largest movements
- Receivables within one year -€36,218
down €36,218 (-49.7%), from €72,919 to €36,701
of which Other amounts receivable: -€36,169
- Stocks and contracts +€5,341
up €5,341 (+102%), from €5,237 to €10,577
- Tangible fixed assets -€4,177
down €4,177 (-41.4%), from €10,082 to €5,905
of which Plant, machinery and equipment: -€3,633
- Cash +€1,598
up €1,598 (+20.2%), from €7,918 to €9,516
mainly Receivables within one year (+€36,218) and Depreciation (+€8,784)
- Trade debts -€22,955
down €22,955 (-9.9%), from €232,431 to €209,475
- Debts after one year -€17,266
down €17,266 (-28.4%), from €60,810 to €43,544
- Profit (loss) carried forward +€6,667
up €6,667 (+2.8%), from -€239,520 to -€232,853
- Current portion of long-term debt +€1,203
up €1,203 (+7.5%), from €16,063 to €17,266
- Gross operating margin -€22,914
down €22,914 (-21.6%), from €105,954 to €83,039
- Staff costs -€7,229
down €7,229 (-12.1%), from €59,553 to €52,324
- Financial charges +€6,243
up €6,243 (+73.1%), from €8,542 to €14,785
- Financial income -€1,427
down €1,427 (-50.6%), from €2,822 to €1,395
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 | €96,958 | €63,841 | -€33,117 | -34.2% |
| Fixed assets | 21/28 | €10,250 | €6,073 | -€4,177 | -40.7% |
| Tangible fixed assets | 22/27 | €10,082 | €5,905 | -€4,177 | -41.4% |
| Plant, machinery and equipment | 23 | €5,336 | €1,703 | -€3,633 | -68.1% |
| Furniture and vehicles | 24 | €4,587 | €4,202 | -€385 | -8.4% |
| Other tangible fixed assets | 26 | €159 | - | -€159 | |
| Financial fixed assets | 28 | €168 | €168 | = | 0.0% |
| Current assets | 29/58 | €86,707 | €57,767 | -€28,940 | -33.4% |
| Stocks and contracts in progress | 3 | €5,237 | €10,577 | +€5,341 | +102% |
| Stocks | 30/36 | €5,237 | €10,577 | +€5,341 | +102% |
| Amounts receivable within one year | 40/41 | €72,919 | €36,701 | -€36,218 | -49.7% |
| Trade receivables | 40 | €27,702 | €27,653 | -€49 | -0.2% |
| Other amounts receivable | 41 | €45,217 | €9,048 | -€36,169 | -80.0% |
| Cash at bank and in hand | 54/58 | €7,918 | €9,516 | +€1,598 | +20.2% |
| Deferred charges and accrued income | 490/1 | €634 | €973 | +€340 | +53.6% |
| Total equity and liabilities | 10/49 | €96,958 | €63,841 | -€33,117 | -34.2% |
| Equity | 10/15 | -€220,920 | -€214,253 | +€6,667 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€239,520 | -€232,853 | +€6,667 | +2.8% |
| Amounts payable | 17/49 | €317,878 | €278,094 | -€39,784 | -12.5% |
| Amounts payable after more than one year | 17 | €60,810 | €43,544 | -€17,266 | -28.4% |
| Financial debts | 170/4 | €60,810 | €43,544 | -€17,266 | -28.4% |
| Amounts payable within one year | 42/48 | €257,067 | €234,549 | -€22,518 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €16,063 | €17,266 | +€1,203 | +7.5% |
| Trade debts | 44 | €232,431 | €209,475 | -€22,955 | -9.9% |
| Suppliers | 440/4 | €232,431 | €209,475 | -€22,955 | -9.9% |
| Advances received on contracts in progress | 46 | - | €92 | +€92 | |
| Taxes, remuneration and social security | 45 | €8,574 | €7,716 | -€858 | -10.0% |
| Taxes | 450/3 | €2,834 | €3,074 | +€239 | +8.4% |
| Remuneration and social security | 454/9 | €5,739 | €4,642 | -€1,097 | -19.1% |
| Remuneration, social security and pensions | 62 | €59,553 | €52,324 | -€7,229 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,802 | €8,784 | -€1,018 | -10.4% |
| Other operating charges | 640/8 | €2,019 | €1,797 | -€221 | -11.0% |
| Gross operating margin | 9900 | €105,954 | €83,039 | -€22,914 | -21.6% |
| Operating profit (loss) | 9901 | €34,580 | €20,134 | -€14,446 | -41.8% |
| Financial income | 75/76B | €2,822 | €1,395 | -€1,427 | -50.6% |
| Recurring financial income | 75 | €2,822 | €1,395 | -€1,427 | -50.6% |
| Financial charges | 65/66B | €8,542 | €14,785 | +€6,243 | +73.1% |
| Recurring financial charges | 65 | €8,542 | €14,785 | +€6,243 | +73.1% |
| Profit (loss) for the period before taxes | 9903 | €28,860 | €6,744 | -€22,115 | -76.6% |
| Income taxes | 67/77 | €188 | €77 | -€111 | -58.9% |
| Profit (loss) for the period | 9904 | €28,671 | €6,667 | -€22,004 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,671 | €6,667 | -€22,004 | -76.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.