GATE2: 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.
GATE2
Largest movements
- Cash -€62,484
down €62,484 (-21.0%), from €297,168 to €234,684
mainly Investment in fixed assets (net) (-€155,460) and Net result for the year (-€41,954)
- Receivables within one year +€16,765
up €16,765 (+56.3%), from €29,763 to €46,527
- Profit (loss) carried forward -€41,954
down €41,954 (-82.0%), from -€51,134 to -€93,088
- Depreciation +€25,161
up €25,161 (+19.3%), from €130,299 to €155,460
- Gross operating margin +€18,424
up €18,424 (+15.3%), from €120,058 to €138,482
- Staff costs +€16,180
up €16,180 (+15.1%), from €107,128 to €123,308
- Financial income +€16,103
up €16,103 (+19.3%), from €83,392 to €99,494
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 | €328,252 | €282,483 | -€45,769 | -13.9% |
| Fixed assets | 21/28 | €1,000 | €1,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €327,252 | €281,483 | -€45,769 | -14.0% |
| Amounts receivable within one year | 40/41 | €29,763 | €46,527 | +€16,765 | +56.3% |
| Other amounts receivable | 41 | €29,763 | €46,527 | +€16,765 | +56.3% |
| Cash at bank and in hand | 54/58 | €297,168 | €234,684 | -€62,484 | -21.0% |
| Deferred charges and accrued income | 490/1 | €321 | €272 | -€49 | -15.2% |
| Total equity and liabilities | 10/49 | €328,252 | €282,483 | -€45,769 | -13.9% |
| Equity | 10/15 | €24,246 | -€17,708 | -€41,954 | |
| Contributions | 10/11 | €68,750 | €68,750 | = | 0.0% |
| Capital | 10 | €68,750 | €68,750 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Uncalled capital | 101 | €131,250 | €131,250 | = | 0.0% |
| Reserves | 13 | €6,631 | €6,631 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,631 | €6,631 | = | 0.0% |
| Legal reserve | 130 | €6,631 | €6,631 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,134 | -€93,088 | -€41,954 | -82.0% |
| Amounts payable | 17/49 | €304,005 | €300,191 | -€3,815 | -1.3% |
| Amounts payable within one year | 42/48 | €304,005 | €299,970 | -€4,035 | -1.3% |
| Trade debts | 44 | €3,803 | €2,764 | -€1,038 | -27.3% |
| Suppliers | 440/4 | €3,803 | €2,764 | -€1,038 | -27.3% |
| Taxes, remuneration and social security | 45 | €23,372 | €20,376 | -€2,997 | -12.8% |
| Taxes | 450/3 | - | €2,194 | +€2,194 | |
| Remuneration and social security | 454/9 | €23,372 | €18,182 | -€5,190 | -22.2% |
| Other amounts payable | 47/48 | €276,830 | €276,830 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €221 | +€221 | |
| Remuneration, social security and pensions | 62 | €107,128 | €123,308 | +€16,180 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,299 | €155,460 | +€25,161 | +19.3% |
| Other operating charges | 640/8 | €648 | €882 | +€234 | +36.1% |
| Gross operating margin | 9900 | €120,058 | €138,482 | +€18,424 | +15.3% |
| Operating profit (loss) | 9901 | -€118,018 | -€141,169 | -€23,151 | -19.6% |
| Financial income | 75/76B | €83,392 | €99,494 | +€16,103 | +19.3% |
| Recurring financial income | 75 | €83,392 | €99,494 | +€16,103 | +19.3% |
| Financial charges | 65/66B | €280 | €280 | = | 0.0% |
| Recurring financial charges | 65 | €280 | €280 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€34,906 | -€41,954 | -€7,048 | -20.2% |
| Profit (loss) for the period | 9904 | -€34,906 | -€41,954 | -€7,048 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,906 | -€41,954 | -€7,048 | -20.2% |
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 24 October 2026 via checked.be.