Frontal GAC: 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.
Frontal GAC
Largest movements
- Receivables within one year -€33,514
no longer reported in 2025 (was €33,514)
- Tangible fixed assets -€5,563
down €5,563 (-94.6%), from €5,878 to €315
of which Other tangible fixed assets: -€4,870
- Trade debts -€27,572
down €27,572 (-65.0%), from €42,393 to €14,821
- Other debts -€25,515
down €25,515 (-27.5%), from €92,872 to €67,357
- Profit (loss) carried forward +€9,295
up €9,295 (+10,899%), from €85 to €9,380
- Tax, wage and social debts +€5,707
up €5,707 (+29.2%), from €19,551 to €25,259
of which Taxes: +€3,461
- Depreciation -€10,372
down €10,372 (-65.1%), from €15,935 to €5,563
- Staff costs +€5,726
up €5,726 (+14.3%), from €40,066 to €45,792
- Gross operating margin -€2,193
down €2,193 (-3.4%), from €64,863 to €62,670
- Other operating charges +€1,119
up €1,119 (+302%), from €370 to €1,489
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 | €166,902 | €128,817 | -€38,085 | -22.8% |
| Fixed assets | 21/28 | €6,178 | €615 | -€5,563 | -90.1% |
| Tangible fixed assets | 22/27 | €5,878 | €315 | -€5,563 | -94.6% |
| Plant, machinery and equipment | 23 | €20 | - | -€20 | |
| Furniture and vehicles | 24 | €748 | €75 | -€673 | -90.0% |
| Other tangible fixed assets | 26 | €5,110 | €240 | -€4,870 | -95.3% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €160,724 | €128,203 | -€32,521 | -20.2% |
| Stocks and contracts in progress | 3 | €13,106 | €13,106 | = | 0.0% |
| Stocks | 30/36 | €13,106 | €13,106 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,514 | - | -€33,514 | |
| Trade receivables | 40 | €33,514 | - | -€33,514 | |
| Cash at bank and in hand | 54/58 | €113,574 | €115,096 | +€1,522 | +1.3% |
| Deferred charges and accrued income | 490/1 | €529 | - | -€529 | |
| Total equity and liabilities | 10/49 | €166,902 | €128,817 | -€38,085 | -22.8% |
| Equity | 10/15 | €12,085 | €21,380 | +€9,295 | +76.9% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85 | €9,380 | +€9,295 | +10,899% |
| Amounts payable | 17/49 | €154,816 | €107,437 | -€47,379 | -30.6% |
| Amounts payable within one year | 42/48 | €154,816 | €107,437 | -€47,379 | -30.6% |
| Trade debts | 44 | €42,393 | €14,821 | -€27,572 | -65.0% |
| Suppliers | 440/4 | €42,393 | €14,821 | -€27,572 | -65.0% |
| Taxes, remuneration and social security | 45 | €19,551 | €25,259 | +€5,707 | +29.2% |
| Taxes | 450/3 | €17,002 | €20,463 | +€3,461 | +20.4% |
| Remuneration and social security | 454/9 | €2,549 | €4,796 | +€2,246 | +88.1% |
| Other amounts payable | 47/48 | €92,872 | €67,357 | -€25,515 | -27.5% |
| Remuneration, social security and pensions | 62 | €40,066 | €45,792 | +€5,726 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,935 | €5,563 | -€10,372 | -65.1% |
| Other operating charges | 640/8 | €370 | €1,489 | +€1,119 | +302% |
| Non-recurring operating charges | 66A | €426 | - | -€426 | |
| Gross operating margin | 9900 | €64,863 | €62,670 | -€2,193 | -3.4% |
| Operating profit (loss) | 9901 | €8,066 | €9,826 | +€1,760 | +21.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -82.4% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -82.4% |
| Financial charges | 65/66B | €273 | €531 | +€258 | +94.7% |
| Recurring financial charges | 65 | €273 | €531 | +€258 | +94.7% |
| Profit (loss) for the period before taxes | 9903 | €7,794 | €9,295 | +€1,501 | +19.3% |
| Profit (loss) for the period | 9904 | €7,794 | €9,295 | +€1,501 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,794 | €9,295 | +€1,501 | +19.3% |
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 14 October 2026 via checked.be.