SPV Gazometer: 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.
What changed
SPV Gazometer
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9,179
2024 · €8,856+€323
Equity
-€781,446
2024 · -€790,625+€9,179
Cash
€399,819
2024 · €395,438+€4,381
Balance sheet total
€19.5m
2024 · €20.1m-€652,361
Largest movements
Assets
- Tangible fixed assets -€658,224
down €658,224 (-3.3%), from €19.7m to €19.0m
Equity and liabilities
- Debts after one year -€682,549
down €682,549 (-3.4%), from €19.9m to €19.2m
Income statement
- Financial charges -€25,705
down €25,705 (-4.3%), from €602,267 to €576,562
- Turnover -€24,649
down €24,649 (-1.8%), from €1.4m to €1.3m
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.
Result 2024
€8,856
Turnover
-€24,649
Services and other goods
+€542
Other operating charges
-€1,276
Financial charges
+€25,705
Result 2025
€9,179
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.
From operations
+€664,343
Investment
€0
Financing
-€659,962
Cash 2024
€395,438
From operations (derived)
+€664,343
Net result for the year
+€9,179
Depreciation
+€658,224
Smaller working-capital items
-€3,060
Financing
-€659,962
Debts after one year
-€682,549
Current portion of long-term debt
+€22,587
Cash 2025
€399,819
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,112,067 | €19,459,706 | -€652,361 | -3.2% |
| Fixed assets | 21/28 | €19,705,911 | €19,047,688 | -€658,224 | -3.3% |
| Tangible fixed assets | 22/27 | €19,705,911 | €19,047,688 | -€658,224 | -3.3% |
| Land and buildings | 22 | €19,705,911 | €19,047,688 | -€658,224 | -3.3% |
| Current assets | 29/58 | €406,156 | €412,018 | +€5,862 | +1.4% |
| Amounts receivable within one year | 40/41 | €8,575 | €10,057 | +€1,481 | +17.3% |
| Trade receivables | 40 | €8,575 | €10,057 | +€1,481 | +17.3% |
| Cash at bank and in hand | 54/58 | €395,438 | €399,819 | +€4,381 | +1.1% |
| Deferred charges and accrued income | 490/1 | €2,142 | €2,142 | = | 0.0% |
| Total equity and liabilities | 10/49 | €20,112,067 | €19,459,706 | -€652,361 | -3.2% |
| Equity | 10/15 | -€790,625 | -€781,446 | +€9,179 | +1.2% |
| Contributions | 10/11 | €137,500 | €137,500 | = | 0.0% |
| Capital | 10 | €137,500 | €137,500 | = | 0.0% |
| Issued capital | 100 | €137,500 | €137,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€928,125 | -€918,946 | +€9,179 | +1.0% |
| Amounts payable | 17/49 | €20,902,692 | €20,241,152 | -€661,540 | -3.2% |
| Amounts payable after more than one year | 17 | €19,905,309 | €19,222,760 | -€682,549 | -3.4% |
| Financial debts | 170/4 | €19,905,309 | €19,222,760 | -€682,549 | -3.4% |
| Subordinated loans | 170 | €1,797,500 | €1,652,500 | -€145,000 | -8.1% |
| Credit institutions | 173 | €18,107,809 | €17,570,260 | -€537,549 | -3.0% |
| Amounts payable within one year | 42/48 | €667,540 | €688,549 | +€21,009 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €659,962 | €682,549 | +€22,587 | +3.4% |
| Trade debts | 44 | €7,579 | €6,000 | -€1,579 | -20.8% |
| Suppliers | 440/4 | €7,579 | €6,000 | -€1,579 | -20.8% |
| Accrued charges and deferred income | 492/3 | €329,843 | €329,843 | = | 0.0% |
| Operating income | 70/76A | €1,353,745 | €1,329,096 | -€24,649 | -1.8% |
| Turnover | 70 | €1,353,745 | €1,329,096 | -€24,649 | -1.8% |
| Operating charges | 60/66A | €742,622 | €743,355 | +€733 | +0.1% |
| Services and other goods | 61 | €37,916 | €37,373 | -€542 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €658,224 | €658,224 | = | 0.0% |
| Other operating charges | 640/8 | €46,482 | €47,758 | +€1,276 | +2.7% |
| Operating profit (loss) | 9901 | €611,123 | €585,741 | -€25,382 | -4.2% |
| Financial charges | 65/66B | €602,267 | €576,562 | -€25,705 | -4.3% |
| Recurring financial charges | 65 | €602,267 | €576,562 | -€25,705 | -4.3% |
| Debt charges | 650 | €602,090 | €576,383 | -€25,708 | -4.3% |
| Other financial charges | 652/9 | €176 | €179 | +€3 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €8,856 | €9,179 | +€323 | +3.6% |
| Profit (loss) for the period | 9904 | €8,856 | €9,179 | +€323 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,856 | €9,179 | +€323 | +3.6% |
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.