G.ad: 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.ad
Largest movements
- Cash -€6,667
down €6,667 (-97.6%), from €6,830 to €163
mainly Tax, wage and social debts (-€21,357) and Debts after one year (-€16,182)
- Advances received +€43,738
up €43,738 (+590.1%), from €7,411 to €51,150
- Tax, wage and social debts -€21,357
down €21,357 (-76.0%), from €28,115 to €6,759
of which Remuneration and social security: -€11,583
- Debts after one year -€16,182
down €16,182 (-65.3%), from €24,774 to €8,591
- Profit (loss) carried forward -€14,483
down €14,483 (-12.4%), from €117,095 to €102,613
- Trade debts +€2,629
up €2,629 (+15.8%), from €16,658 to €19,288
- Gross operating margin -€31,148
down €31,148 (-81.1%), from €38,421 to €7,273
- Financial charges -€14,501
down €14,501 (-47.5%), from €30,546 to €16,044
of which Financial charges: -€12,018
- Financial income -€7,225
down €7,225 (-42.5%), from €16,987 to €9,762
- Taxes -€7,114
down €7,114 (-95.9%), from €7,415 to €302
- Other operating charges +€6,043
up €6,043 (+257.5%), from €2,347 to €8,390
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 | €219,509 | €214,152 | -€5,358 | -2.4% |
| Fixed assets | 21/28 | €152,496 | €150,663 | -€1,833 | -1.2% |
| Tangible fixed assets | 22/27 | €40,746 | €38,913 | -€1,833 | -4.5% |
| Land and buildings | 22 | €37,500 | €37,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €559 | €352 | -€207 | -37.0% |
| Furniture and vehicles | 24 | €2,687 | €1,061 | -€1,626 | -60.5% |
| Financial fixed assets | 28 | €111,750 | €111,750 | = | 0.0% |
| Current assets | 29/58 | €67,013 | €63,489 | -€3,524 | -5.3% |
| Stocks and contracts in progress | 3 | €1,984 | €1,984 | = | 0.0% |
| Stocks | 30/36 | €1,984 | €1,984 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €58,200 | €60,067 | +€1,867 | +3.2% |
| Trade receivables | 40 | €51,725 | €55,899 | +€4,174 | +8.1% |
| Other amounts receivable | 41 | €6,474 | €4,168 | -€2,307 | -35.6% |
| Cash at bank and in hand | 54/58 | €6,830 | €163 | -€6,667 | -97.6% |
| Deferred charges and accrued income | 490/1 | - | €1,275 | +€1,275 | |
| Total equity and liabilities | 10/49 | €219,509 | €214,152 | -€5,358 | -2.4% |
| Equity | 10/15 | €137,555 | €123,073 | -€14,483 | -10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,095 | €102,613 | -€14,483 | -12.4% |
| Amounts payable | 17/49 | €81,954 | €91,079 | +€9,125 | +11.1% |
| Amounts payable after more than one year | 17 | €24,774 | €8,591 | -€16,182 | -65.3% |
| Financial debts | 170/4 | €24,774 | €8,591 | -€16,182 | -65.3% |
| Amounts payable within one year | 42/48 | €57,180 | €82,488 | +€25,307 | +44.3% |
| Current portion of amounts payable after more than one year | 42 | €4,995 | €5,291 | +€296 | +5.9% |
| Trade debts | 44 | €16,658 | €19,288 | +€2,629 | +15.8% |
| Suppliers | 440/4 | €16,658 | €19,288 | +€2,629 | +15.8% |
| Advances received on contracts in progress | 46 | €7,411 | €51,150 | +€43,738 | +590.1% |
| Taxes, remuneration and social security | 45 | €28,115 | €6,759 | -€21,357 | -76.0% |
| Taxes | 450/3 | €10,115 | €342 | -€9,773 | -96.6% |
| Remuneration and social security | 454/9 | €18,000 | €6,417 | -€11,583 | -64.4% |
| Remuneration, social security and pensions | 62 | €1,118 | €4,948 | +€3,829 | +342.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €639 | €1,833 | +€1,194 | +186.9% |
| Other operating charges | 640/8 | €2,347 | €8,390 | +€6,043 | +257.5% |
| Gross operating margin | 9900 | €38,421 | €7,273 | -€31,148 | -81.1% |
| Operating profit (loss) | 9901 | €34,317 | -€7,898 | -€42,215 | |
| Financial income | 75/76B | €16,987 | €9,762 | -€7,225 | -42.5% |
| Recurring financial income | 75 | €16,987 | €9,762 | -€7,225 | -42.5% |
| Financial charges | 65/66B | €30,546 | €16,044 | -€14,501 | -47.5% |
| Recurring financial charges | 65 | €26,457 | €14,439 | -€12,018 | -45.4% |
| Non-recurring financial charges | 66B | €4,089 | €1,606 | -€2,483 | -60.7% |
| Profit (loss) for the period before taxes | 9903 | €20,758 | -€14,181 | -€34,939 | |
| Income taxes | 67/77 | €7,415 | €302 | -€7,114 | -95.9% |
| Profit (loss) for the period | 9904 | €13,342 | -€14,483 | -€27,825 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,342 | -€14,483 | -€27,825 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.