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Gate21 Projects: 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.

What changed

Gate21 Projects

BE 0479.916.804
NACE 56.112, Limited-service restaurants, excluding mobile food services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€13,485
2024 · €9,217+€4,267
Equity
€58,210
2024 · €44,725+€13,485
Cash
€95,154
2024 · €147,762-€52,608
Balance sheet total
€363,895
2024 · €249,717+€114,178

Largest movements

2024 to 2025
Assets
  • Deferred charges and accrued income +€73,482

    up €73,482 (+4,831%), from €1,521 to €75,003

  • Tangible fixed assets +€58,260

    up €58,260 (+75.2%), from €77,492 to €135,752

    of which Other tangible fixed assets: +€29,243

  • Cash -€52,608

    down €52,608 (-35.6%), from €147,762 to €95,154

    mainly Investment in fixed assets (net) (-€74,145) and Deferred charges and accrued income (-€73,482)

  • Receivables within one year +€35,275

    up €35,275 (+966%), from €3,650 to €38,925

    of which Trade receivables: +€24,527

Equity and liabilities
  • Trade debts +€113,668

    up €113,668 (+116%), from €97,666 to €211,334

  • Other debts +€28,297

    up €28,297 (+180%), from €15,683 to €43,980

  • Tax, wage and social debts -€26,748

    down €26,748 (-62.5%), from €42,824 to €16,076

    of which Remuneration and social security: -€15,263

  • Debts after one year -€19,944

    down €19,944 (-58.2%), from €34,296 to €14,352

  • Profit (loss) carried forward +€13,485

    up €13,485 (+74.6%), from €18,065 to €31,550

Income statement
  • Staff costs -€31,738

    down €31,738 (-12.5%), from €253,245 to €221,507

  • Gross operating margin -€13,722

    down €13,722 (-4.7%), from €292,888 to €279,165

  • Other operating charges +€11,429

    up €11,429 (+734%), from €1,558 to €12,987

From the 2024 result to the 2025 result

effect on the 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 €9,217
Gross operating margin -€13,722
Staff costs +€31,738
Depreciation +€1,975
Other operating charges -€11,429
Financial income -€4
Financial charges -€2,461
Taxes -€1,830
Result 2025 €13,485
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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 +€36,061
Investment -€74,145
Financing -€14,523
Cash 2024 €147,762
Net result for the year +€13,485
Depreciation +€16,116
Receivables within one year -€35,275
Deferred charges and accrued income -€73,482
Trade debts +€113,668
Tax, wage and social debts -€26,748
Other debts +€28,297
Investment in fixed assets (net) -€74,145
Debts after one year -€19,944
Current portion of long-term debt +€5,420
Cash 2025 €95,154
brings cash intakes cash out
Every line side by side 48 lines
Line Code 2024 2025 Change %
Total assets 20/58 €249,717 €363,895 +€114,178 +45.7%
Fixed assets 21/28 €94,784 €152,813 +€58,029 +61.2%
Intangible fixed assets 21 €2,309 €2,078 -€231 -10.0%
Tangible fixed assets 22/27 €77,492 €135,752 +€58,260 +75.2%
Plant, machinery and equipment 23 €21,810 €48,676 +€26,866 +123%
Furniture and vehicles 24 €3,903 €6,053 +€2,150 +55.1%
Other tangible fixed assets 26 €51,779 €81,022 +€29,243 +56.5%
Financial fixed assets 28 €14,983 €14,983 = 0.0%
Current assets 29/58 €154,934 €211,083 +€56,149 +36.2%
Stocks and contracts in progress 3 €2,000 €2,000 = 0.0%
Stocks 30/36 €2,000 €2,000 = 0.0%
Amounts receivable within one year 40/41 €3,650 €38,925 +€35,275 +966%
Trade receivables 40 - €24,527 +€24,527
Other amounts receivable 41 €3,650 €14,399 +€10,748 +294%
Cash at bank and in hand 54/58 €147,762 €95,154 -€52,608 -35.6%
Deferred charges and accrued income 490/1 €1,521 €75,003 +€73,482 +4,831%
Total equity and liabilities 10/49 €249,717 €363,895 +€114,178 +45.7%
Equity 10/15 €44,725 €58,210 +€13,485 +30.2%
Contributions 10/11 €24,800 €24,800 = 0.0%
Reserves 13 €1,860 €1,860 = 0.0%
Non-distributable reserves 130/1 €1,860 €1,860 = 0.0%
Reserves not available under the articles 1311 €1,860 €1,860 = 0.0%
Profit (loss) carried forward 14 €18,065 €31,550 +€13,485 +74.6%
Amounts payable 17/49 €204,992 €305,686 +€100,693 +49.1%
Amounts payable after more than one year 17 €34,296 €14,352 -€19,944 -58.2%
Financial debts 170/4 €34,296 €14,352 -€19,944 -58.2%
Amounts payable within one year 42/48 €170,697 €291,334 +€120,637 +70.7%
Current portion of amounts payable after more than one year 42 €14,523 €19,944 +€5,420 +37.3%
Trade debts 44 €97,666 €211,334 +€113,668 +116%
Suppliers 440/4 €97,666 €211,334 +€113,668 +116%
Taxes, remuneration and social security 45 €42,824 €16,076 -€26,748 -62.5%
Taxes 450/3 €16,460 €4,975 -€11,485 -69.8%
Remuneration and social security 454/9 €26,364 €11,101 -€15,263 -57.9%
Other amounts payable 47/48 €15,683 €43,980 +€28,297 +180%
Accrued charges and deferred income 492/3 €0 - =
Remuneration, social security and pensions 62 €253,245 €221,507 -€31,738 -12.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €18,091 €16,116 -€1,975 -10.9%
Other operating charges 640/8 €1,558 €12,987 +€11,429 +734%
Gross operating margin 9900 €292,888 €279,165 -€13,722 -4.7%
Operating profit (loss) 9901 €19,994 €28,556 +€8,562 +42.8%
Financial income 75/76B €4 €0 -€4 -99.7%
Recurring financial income 75 €4 €0 -€4 -99.7%
Financial charges 65/66B €6,380 €8,840 +€2,461 +38.6%
Recurring financial charges 65 €6,380 €8,840 +€2,461 +38.6%
Profit (loss) for the period before taxes 9903 €13,618 €19,715 +€6,097 +44.8%
Income taxes 67/77 €4,400 €6,230 +€1,830 +41.6%
Profit (loss) for the period 9904 €9,217 €13,485 +€4,267 +46.3%
Profit (loss) for the period to be appropriated 9905 €9,217 €13,485 +€4,267 +46.3%

Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.