CODE G: 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.
CODE G
Largest movements
- Tangible fixed assets -€6,195
down €6,195 (-20.6%), from €30,064 to €23,869
of which Furniture and vehicles: -€7,815
- Cash -€3,034
down €3,034 (-17.0%), from €17,845 to €14,810
mainly Net result for the year (-€4,728) and Investment in fixed assets (net) (-€3,734)
- Receivables within one year +€1,619
up €1,619 (+137.0%), from €1,181 to €2,800
of which Trade receivables: +€1,471
- Deferred charges and accrued income -€827
down €827 (-58.2%), from €1,419 to €593
- Profit (loss) carried forward -€4,728
down €4,728 (-19.4%), from -€24,390 to -€29,118
- Debts after one year -€2,757
down €2,757 (-6.2%), from €44,393 to €41,636
- Other debts -€992
down €992 (-28.6%), from €3,472 to €2,480
- Tax, wage and social debts -€879
down €879 (-29.8%), from €2,950 to €2,071
of which Taxes: -€866
- Gross operating margin +€5,942
up €5,942 (+191.3%), from €3,107 to €9,049
- Financial charges +€645
up €645 (+48.8%), from €1,324 to €1,969
- Depreciation -€333
down €333 (-3.2%), from €10,555 to €10,222
- Other operating charges +€177
up €177 (+12.6%), from €1,409 to €1,586
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,053 | €42,323 | -€8,730 | -17.1% |
| Formation expenses | 20 | €544 | €252 | -€293 | -53.8% |
| Fixed assets | 21/28 | €30,064 | €23,869 | -€6,195 | -20.6% |
| Tangible fixed assets | 22/27 | €30,064 | €23,869 | -€6,195 | -20.6% |
| Plant, machinery and equipment | 23 | €2,268 | €4,256 | +€1,989 | +87.7% |
| Furniture and vehicles | 24 | €25,503 | €17,687 | -€7,815 | -30.6% |
| Other tangible fixed assets | 26 | €2,293 | €1,925 | -€369 | -16.1% |
| Current assets | 29/58 | €20,445 | €18,203 | -€2,242 | -11.0% |
| Amounts receivable within one year | 40/41 | €1,181 | €2,800 | +€1,619 | +137.0% |
| Trade receivables | 40 | €713 | €2,184 | +€1,471 | +206.4% |
| Other amounts receivable | 41 | €469 | €616 | +€147 | +31.4% |
| Cash at bank and in hand | 54/58 | €17,845 | €14,810 | -€3,034 | -17.0% |
| Deferred charges and accrued income | 490/1 | €1,419 | €593 | -€827 | -58.2% |
| Total equity and liabilities | 10/49 | €51,053 | €42,323 | -€8,730 | -17.1% |
| Equity | 10/15 | -€5,790 | -€10,518 | -€4,728 | -81.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,390 | -€29,118 | -€4,728 | -19.4% |
| Amounts payable | 17/49 | €56,843 | €52,841 | -€4,002 | -7.0% |
| Amounts payable after more than one year | 17 | €44,393 | €41,636 | -€2,757 | -6.2% |
| Financial debts | 170/4 | €44,393 | €41,636 | -€2,757 | -6.2% |
| Amounts payable within one year | 42/48 | €12,450 | €11,205 | -€1,245 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €2,629 | €2,757 | +€128 | +4.8% |
| Trade debts | 44 | €3,398 | €3,896 | +€498 | +14.7% |
| Suppliers | 440/4 | €3,398 | €3,896 | +€498 | +14.7% |
| Taxes, remuneration and social security | 45 | €2,950 | €2,071 | -€879 | -29.8% |
| Taxes | 450/3 | €1,691 | €826 | -€866 | -51.2% |
| Remuneration and social security | 454/9 | €1,259 | €1,246 | -€13 | -1.1% |
| Other amounts payable | 47/48 | €3,472 | €2,480 | -€992 | -28.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €8,203 | - | -€8,203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,555 | €10,222 | -€333 | -3.2% |
| Other operating charges | 640/8 | €1,409 | €1,586 | +€177 | +12.6% |
| Gross operating margin | 9900 | €3,107 | €9,049 | +€5,942 | +191.3% |
| Operating profit (loss) | 9901 | -€8,858 | -€2,760 | +€6,098 | +68.8% |
| Financial income | 75/76B | €1 | €1 | -€0 | -37.6% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -37.6% |
| Financial charges | 65/66B | €1,324 | €1,969 | +€645 | +48.8% |
| Recurring financial charges | 65 | €1,324 | €1,969 | +€645 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,180 | -€4,728 | +€5,452 | +53.6% |
| Profit (loss) for the period | 9904 | -€10,180 | -€4,728 | +€5,452 | +53.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,180 | -€4,728 | +€5,452 | +53.6% |
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.