G.A.C.N.: 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.
G.A.C.N.
Largest movements
- Tangible fixed assets -€15,885
down €15,885 (-1.8%), from €900,000 to €884,115
- Other debts +€233,456
up €233,456 (+1,094%), from €21,344 to €254,799
- Profit (loss) carried forward -€232,966
down €232,966 (-46.3%), from -€502,827 to -€735,793
- Trade debts -€9,779
down €9,779 (-74.0%), from €13,217 to €3,438
- Tax, wage and social debts -€9,376
down €9,376 (-100%), from €9,376 to €0
- Purchases and services +€131,633
up €131,633 (+97.4%), from €135,107 to €266,740
- Turnover +€57,044
up €57,044 (+329%), from €17,344 to €74,388
- Gross operating margin -€40,708
down €40,708 (-34.6%), from -€117,763 to -€158,471
- Other operating charges +€39,796
up €39,796 (+497%), from €8,000 to €47,795
- Financial charges +€10,545
up €10,545 (+3,909%), from €270 to €10,815
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 | €902,919 | €889,124 | -€13,794 | -1.5% |
| Fixed assets | 21/28 | €900,000 | €884,115 | -€15,885 | -1.8% |
| Tangible fixed assets | 22/27 | €900,000 | €884,115 | -€15,885 | -1.8% |
| Land and buildings | 22 | €900,000 | €884,115 | -€15,885 | -1.8% |
| Current assets | 29/58 | €2,919 | €5,010 | +€2,091 | +71.6% |
| Amounts receivable within one year | 40/41 | €2,344 | €0 | -€2,344 | -100% |
| Trade receivables | 40 | €2,344 | €0 | -€2,344 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €59 | €5,010 | +€4,951 | +8,423% |
| Deferred charges and accrued income | 490/1 | €516 | €0 | -€516 | -100% |
| Total equity and liabilities | 10/49 | €902,919 | €889,124 | -€13,794 | -1.5% |
| Equity | 10/15 | €858,804 | €625,837 | -€232,966 | -27.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Revaluation surpluses | 12 | €639,309 | €639,309 | = | 0.0% |
| Reserves | 13 | €597,322 | €597,322 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,976 | €6,976 | = | 0.0% |
| Legal reserve | 130 | €6,976 | €6,976 | = | 0.0% |
| Distributable reserves | 133 | €590,346 | €590,346 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€502,827 | -€735,793 | -€232,966 | -46.3% |
| Amounts payable | 17/49 | €44,115 | €263,287 | +€219,172 | +497% |
| Amounts payable within one year | 42/48 | €43,937 | €258,238 | +€214,301 | +488% |
| Trade debts | 44 | €13,217 | €3,438 | -€9,779 | -74.0% |
| Suppliers | 440/4 | €13,217 | €3,438 | -€9,779 | -74.0% |
| Taxes, remuneration and social security | 45 | €9,376 | €0 | -€9,376 | -100% |
| Taxes | 450/3 | €9,376 | €0 | -€9,376 | -100% |
| Other amounts payable | 47/48 | €21,344 | €254,799 | +€233,456 | +1,094% |
| Accrued charges and deferred income | 492/3 | €178 | €5,049 | +€4,871 | +2,730% |
| Turnover | 70 | €17,344 | €74,388 | +€57,044 | +329% |
| Non-recurring operating income | 76A | €0 | €33,881 | +€33,881 | |
| Goods, raw materials, services and sundry goods | 60/61 | €135,107 | €266,740 | +€131,633 | +97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,446 | €15,885 | +€439 | +2.8% |
| Other operating charges | 640/8 | €8,000 | €47,795 | +€39,796 | +497% |
| Gross operating margin | 9900 | -€117,763 | -€158,471 | -€40,708 | -34.6% |
| Operating profit (loss) | 9901 | -€141,209 | -€222,151 | -€80,943 | -57.3% |
| Financial income | 75/76B | €9,969 | €0 | -€9,969 | -100% |
| Recurring financial income | 75 | €5,939 | €0 | -€5,939 | -100% |
| Non-recurring financial income | 76B | €4,029 | €0 | -€4,029 | -100% |
| Financial charges | 65/66B | €270 | €10,815 | +€10,545 | +3,909% |
| Recurring financial charges | 65 | €270 | €10,815 | +€10,545 | +3,909% |
| Profit (loss) for the period before taxes | 9903 | -€131,510 | -€232,966 | -€101,457 | -77.1% |
| Profit (loss) for the period | 9904 | -€131,510 | -€232,966 | -€101,457 | -77.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€131,510 | -€232,966 | -€101,457 | -77.1% |
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 23 October 2026 via checked.be.