G.A. Expert comptable: 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. Expert comptable
Largest movements
- Current investments +€97,561
new in 2025: €97,561
- Receivables within one year -€65,207
down €65,207 (-68.2%), from €95,675 to €30,468
of which Trade receivables: -€66,647
- Cash -€55,528
down €55,528 (-20.0%), from €277,143 to €221,615
mainly Other debts (-€190,212) and Current investments (-€97,561)
- Other debts -€190,212
down €190,212 (-98.5%), from €193,116 to €2,904
- Reserves +€161,707
up €161,707 (+110%), from €147,412 to €309,119
of which Distributable reserves: +€161,707
- Tax, wage and social debts +€9,713
up €9,713 (+94.0%), from €10,336 to €20,049
- Trade debts -€5,337
down €5,337 (-96.8%), from €5,514 to €177
- Gross operating margin +€17,554
up €17,554 (+7.9%), from €220,939 to €238,493
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 | €374,981 | €350,852 | -€24,129 | -6.4% |
| Fixed assets | 21/28 | €1,124 | €562 | -€562 | -50.0% |
| Tangible fixed assets | 22/27 | €1,124 | €562 | -€562 | -50.0% |
| Plant, machinery and equipment | 23 | €1,124 | €562 | -€562 | -50.0% |
| Current assets | 29/58 | €373,857 | €350,290 | -€23,567 | -6.3% |
| Amounts receivable within one year | 40/41 | €95,675 | €30,468 | -€65,207 | -68.2% |
| Trade receivables | 40 | €92,590 | €25,943 | -€66,647 | -72.0% |
| Other amounts receivable | 41 | €3,085 | €4,525 | +€1,440 | +46.7% |
| Current investments | 50/53 | - | €97,561 | +€97,561 | |
| Cash at bank and in hand | 54/58 | €277,143 | €221,615 | -€55,528 | -20.0% |
| Deferred charges and accrued income | 490/1 | €1,039 | €646 | -€393 | -37.8% |
| Total equity and liabilities | 10/49 | €374,981 | €350,852 | -€24,129 | -6.4% |
| Equity | 10/15 | €166,014 | €327,722 | +€161,707 | +97.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €147,412 | €309,119 | +€161,707 | +110% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €145,552 | €307,259 | +€161,707 | +111% |
| Profit (loss) carried forward | 14 | €2 | €2 | = | 0.0% |
| Amounts payable | 17/49 | €208,967 | €23,131 | -€185,836 | -88.9% |
| Amounts payable within one year | 42/48 | €208,967 | €23,131 | -€185,836 | -88.9% |
| Trade debts | 44 | €5,514 | €177 | -€5,337 | -96.8% |
| Suppliers | 440/4 | €5,514 | €177 | -€5,337 | -96.8% |
| Taxes, remuneration and social security | 45 | €10,336 | €20,049 | +€9,713 | +94.0% |
| Taxes | 450/3 | €10,336 | €20,049 | +€9,713 | +94.0% |
| Other amounts payable | 47/48 | €193,116 | €2,904 | -€190,212 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €562 | +€562 | |
| Other operating charges | 640/8 | - | €1,867 | +€1,867 | |
| Gross operating margin | 9900 | €220,939 | €238,493 | +€17,554 | +7.9% |
| Operating profit (loss) | 9901 | €220,939 | €236,064 | +€15,125 | +6.8% |
| Financial income | 75/76B | €1,821 | €4,070 | +€2,249 | +124% |
| Recurring financial income | 75 | €1,821 | €4,070 | +€2,249 | +124% |
| Financial charges | 65/66B | €648 | €2,814 | +€2,166 | +334% |
| Recurring financial charges | 65 | €648 | €2,814 | +€2,166 | +334% |
| Profit (loss) for the period before taxes | 9903 | €222,112 | €237,320 | +€15,209 | +6.8% |
| Income taxes | 67/77 | €76,560 | €75,613 | -€946 | -1.2% |
| Profit (loss) for the period | 9904 | €145,552 | €161,707 | +€16,155 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €145,552 | €161,707 | +€16,155 | +11.1% |
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 19 October 2026 via checked.be.