The Gathering: 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.
The Gathering
Largest movements
- Cash -€24,757
down €24,757 (-40.5%), from €61,136 to €36,379
mainly Investment in fixed assets (net) (-€47,645) and Net result for the year (-€9,603)
- Receivables within one year +€9,466
up €9,466 (+36.9%), from €25,628 to €35,094
of which Trade receivables: +€7,497
- Deferred charges and accrued income +€5,811
up €5,811 (+215%), from €2,706 to €8,517
- Profit (loss) carried forward -€9,603
new in 2025: -€9,603
- Debts after one year -€8,168
down €8,168 (-17.9%), from €45,728 to €37,560
- Trade debts +€6,972
up €6,972 (+139%), from €4,998 to €11,970
- Tax, wage and social debts +€2,606
up €2,606 (+12.2%), from €21,298 to €23,904
of which Remuneration and social security: +€7,351
- Other debts -€2,511
down €2,511 (-2.6%), from €97,392 to €94,881
- Gross operating margin -€67,711
down €67,711 (-43.9%), from €154,144 to €86,432
- Staff costs -€16,942
down €16,942 (-27.1%), from €62,533 to €45,591
- Depreciation -€1,803
down €1,803 (-3.6%), from €49,607 to €47,804
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.
Derived cash bridge
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 | €207,166 | €197,279 | -€9,887 | -4.8% |
| Fixed assets | 21/28 | €113,249 | €113,089 | -€160 | -0.1% |
| Tangible fixed assets | 22/27 | €113,249 | €113,089 | -€160 | -0.1% |
| Plant, machinery and equipment | 23 | €42,613 | €59,068 | +€16,455 | +38.6% |
| Furniture and vehicles | 24 | €5,512 | €6,207 | +€695 | +12.6% |
| Other tangible fixed assets | 26 | €65,124 | €47,815 | -€17,309 | -26.6% |
| Current assets | 29/58 | €93,917 | €84,190 | -€9,727 | -10.4% |
| Stocks and contracts in progress | 3 | €4,447 | €4,200 | -€247 | -5.5% |
| Stocks | 30/36 | €4,447 | €4,200 | -€247 | -5.5% |
| Amounts receivable within one year | 40/41 | €25,628 | €35,094 | +€9,466 | +36.9% |
| Trade receivables | 40 | €24,100 | €31,596 | +€7,497 | +31.1% |
| Other amounts receivable | 41 | €1,528 | €3,498 | +€1,969 | +129% |
| Cash at bank and in hand | 54/58 | €61,136 | €36,379 | -€24,757 | -40.5% |
| Deferred charges and accrued income | 490/1 | €2,706 | €8,517 | +€5,811 | +215% |
| Total equity and liabilities | 10/49 | €207,166 | €197,279 | -€9,887 | -4.8% |
| Equity | 10/15 | €29,725 | €20,122 | -€9,603 | -32.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €9,725 | €9,725 | = | 0.0% |
| Distributable reserves | 133 | €9,725 | €9,725 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,603 | -€9,603 | |
| Amounts payable | 17/49 | €177,441 | €177,157 | -€284 | -0.2% |
| Amounts payable after more than one year | 17 | €45,728 | €37,560 | -€8,168 | -17.9% |
| Financial debts | 170/4 | €45,728 | €37,560 | -€8,168 | -17.9% |
| Amounts payable within one year | 42/48 | €131,713 | €139,597 | +€7,884 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €8,025 | €8,842 | +€817 | +10.2% |
| Trade debts | 44 | €4,998 | €11,970 | +€6,972 | +139% |
| Suppliers | 440/4 | €4,998 | €11,970 | +€6,972 | +139% |
| Taxes, remuneration and social security | 45 | €21,298 | €23,904 | +€2,606 | +12.2% |
| Taxes | 450/3 | €21,298 | €16,553 | -€4,745 | -22.3% |
| Remuneration and social security | 454/9 | - | €7,351 | +€7,351 | |
| Other amounts payable | 47/48 | €97,392 | €94,881 | -€2,511 | -2.6% |
| Remuneration, social security and pensions | 62 | €62,533 | €45,591 | -€16,942 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,607 | €47,804 | -€1,803 | -3.6% |
| Other operating charges | 640/8 | €279 | €985 | +€706 | +253% |
| Gross operating margin | 9900 | €154,144 | €86,432 | -€67,711 | -43.9% |
| Operating profit (loss) | 9901 | €41,725 | -€7,948 | -€49,673 | |
| Financial income | 75/76B | €3 | €39 | +€37 | +1,436% |
| Recurring financial income | 75 | €3 | €39 | +€37 | +1,436% |
| Financial charges | 65/66B | €2,003 | €1,562 | -€440 | -22.0% |
| Recurring financial charges | 65 | €2,003 | €1,562 | -€440 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €39,725 | -€9,471 | -€49,196 | |
| Income taxes | 67/77 | €830 | €132 | -€698 | -84.1% |
| Profit (loss) for the period | 9904 | €38,895 | -€9,603 | -€48,498 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,895 | -€9,603 | -€48,498 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.