FINANCIAL GC: 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
FINANCIAL GC
NACE 64.922, Financial service activities, except insurance and pension funding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€71,119
2024 · €50,004+€21,116
Equity
€214,252
2024 · €152,133+€62,119
Cash
€26,479
2024 · €20,406+€6,073
Balance sheet total
€682,359
2024 · €481,077+€201,283
Largest movements
Assets
- Financial fixed assets +€203,612
up €203,612 (+67.0%), from €303,759 to €507,371
Equity and liabilities
- Debts after one year +€127,311
up €127,311 (+46.4%), from €274,642 to €401,952
- Profit (loss) carried forward +€62,119
up €62,119 (+41.7%), from €149,133 to €211,252
- Advances received +€11,500
new in 2025: €11,500
Income statement
- Financial income +€40,991
up €40,991 (+629,659%), from €7 to €40,997
- Gross operating margin -€22,202
down €22,202 (-24.0%), from €92,376 to €70,174
- Taxes -€4,777
down €4,777 (-26.2%), from €18,246 to €13,469
- Financial charges +€3,113
up €3,113 (+20.2%), from €15,371 to €18,484
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
€50,004
Gross operating margin
-€22,202
Depreciation
+€636
Other operating charges
+€27
Financial income
+€40,991
Financial charges
-€3,113
Taxes
+€4,777
Result 2025
€71,119
raises the resultlowers the result
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.
From operations
+€98,469
Investment
-€207,334
Financing
+€114,938
Cash 2024
€20,406
From operations (derived)
+€98,469
Net result for the year
+€71,119
Depreciation
+€6,173
Receivables within one year
+€5,029
Deferred charges and accrued income
+€923
Smaller working-capital items
-€46
Advances received
+€11,500
Other debts
+€3,771
Investment (derived)
-€207,334
Investment in fixed assets (net)
-€207,334
Financing
+€114,938
Debts after one year
+€127,311
Current portion of long-term debt
-€3,373
Contributions, distributions and other
-€9,000
Cash 2025
€26,479
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €481,077 | €682,359 | +€201,283 | +41.8% |
| Fixed assets | 21/28 | €452,480 | €653,641 | +€201,161 | +44.5% |
| Tangible fixed assets | 22/27 | €148,721 | €146,270 | -€2,451 | -1.6% |
| Land and buildings | 22 | €143,542 | €139,208 | -€4,333 | -3.0% |
| Plant, machinery and equipment | 23 | €1,281 | €616 | -€666 | -51.9% |
| Furniture and vehicles | 24 | €2,517 | €3,463 | +€946 | +37.6% |
| Other tangible fixed assets | 26 | €1,381 | €2,983 | +€1,602 | +116% |
| Financial fixed assets | 28 | €303,759 | €507,371 | +€203,612 | +67.0% |
| Current assets | 29/58 | €28,597 | €28,718 | +€122 | +0.4% |
| Amounts receivable within one year | 40/41 | €6,560 | €1,531 | -€5,029 | -76.7% |
| Trade receivables | 40 | €6,560 | - | -€6,560 | |
| Other amounts receivable | 41 | - | €1,531 | +€1,531 | |
| Cash at bank and in hand | 54/58 | €20,406 | €26,479 | +€6,073 | +29.8% |
| Deferred charges and accrued income | 490/1 | €1,631 | €708 | -€923 | -56.6% |
| Total equity and liabilities | 10/49 | €481,077 | €682,359 | +€201,283 | +41.8% |
| Equity | 10/15 | €152,133 | €214,252 | +€62,119 | +40.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,133 | €211,252 | +€62,119 | +41.7% |
| Amounts payable | 17/49 | €328,944 | €468,107 | +€139,163 | +42.3% |
| Amounts payable after more than one year | 17 | €274,642 | €401,952 | +€127,311 | +46.4% |
| Financial debts | 170/4 | €274,642 | €401,952 | +€127,311 | +46.4% |
| Amounts payable within one year | 42/48 | €54,303 | €66,155 | +€11,852 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €43,436 | €40,063 | -€3,373 | -7.8% |
| Trade debts | 44 | €527 | €116 | -€411 | -78.0% |
| Suppliers | 440/4 | €527 | €116 | -€411 | -78.0% |
| Advances received on contracts in progress | 46 | - | €11,500 | +€11,500 | |
| Taxes, remuneration and social security | 45 | €5,112 | €5,476 | +€365 | +7.1% |
| Taxes | 450/3 | €5,112 | €5,476 | +€365 | +7.1% |
| Other amounts payable | 47/48 | €5,229 | €9,000 | +€3,771 | +72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,808 | €6,173 | -€636 | -9.3% |
| Other operating charges | 640/8 | €1,954 | €1,927 | -€27 | -1.4% |
| Gross operating margin | 9900 | €92,376 | €70,174 | -€22,202 | -24.0% |
| Operating profit (loss) | 9901 | €83,614 | €62,075 | -€21,540 | -25.8% |
| Financial income | 75/76B | €7 | €40,997 | +€40,991 | +629,659% |
| Recurring financial income | 75 | €7 | €40,997 | +€40,991 | +629,659% |
| Financial charges | 65/66B | €15,371 | €18,484 | +€3,113 | +20.2% |
| Recurring financial charges | 65 | €15,371 | €18,484 | +€3,113 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €68,250 | €84,588 | +€16,339 | +23.9% |
| Income taxes | 67/77 | €18,246 | €13,469 | -€4,777 | -26.2% |
| Profit (loss) for the period | 9904 | €50,004 | €71,119 | +€21,116 | +42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,004 | €71,119 | +€21,116 | +42.2% |
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 17 October 2026 via checked.be.