G&C: what changed
Two fiscal 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&C
Largest movements
- Tangible fixed assets +€131,343
up €131,343 (+41.3%), from €318,025 to €449,368
of which Land and buildings: +€132,098
- Receivables after one year -€15,000
down €15,000 (-50.0%), from €30,000 to €15,000
- Current investments +€12,615
up €12,615 (+252.3%), from €5,000 to €17,615
- Cash +€11,757
up €11,757 (+283.7%), from €4,144 to €15,900
mainly Debts after one year (+€62,105) and Net result for the year (+€42,782)
- Receivables within one year +€7,965
up €7,965 (+24.1%), from €33,110 to €41,076
- Debts after one year +€62,105
up €62,105 (+27.8%), from €223,222 to €285,327
- Trade debts +€41,663
up €41,663 (+758.0%), from €5,496 to €47,159
- Reserves +€30,008
up €30,008 (+20.1%), from €149,127 to €179,135
of which Distributable reserves: +€30,008
- Other debts -€11,728
down €11,728 (-8.8%), from €133,899 to €122,171
- Advances received +€10,141
up €10,141, from €0 to €10,141
- Gross operating margin +€10,210
up €10,210 (+27.0%), from €37,820 to €48,030
- Financial income -€7,109
down €7,109 (-15.9%), from €44,684 to €37,575
- Taxes +€2,598
up €2,598 (+39.5%), from €6,580 to €9,179
- Depreciation +€1,311
up €1,311 (+9.9%), from €13,183 to €14,494
- Other operating charges +€526
up €526 (+7.3%), from €7,239 to €7,764
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 | €570,312 | €719,564 | +€149,252 | +26.2% |
| Fixed assets | 21/28 | €494,887 | €626,230 | +€131,343 | +26.5% |
| Tangible fixed assets | 22/27 | €318,025 | €449,368 | +€131,343 | +41.3% |
| Land and buildings | 22 | €315,001 | €447,099 | +€132,098 | +41.9% |
| Furniture and vehicles | 24 | €3,023 | €2,269 | -€755 | -25.0% |
| Financial fixed assets | 28 | €176,862 | €176,862 | = | 0.0% |
| Current assets | 29/58 | €75,425 | €93,334 | +€17,909 | +23.7% |
| Amounts receivable after more than one year | 29 | €30,000 | €15,000 | -€15,000 | -50.0% |
| Other amounts receivable | 291 | €30,000 | €15,000 | -€15,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €33,110 | €41,076 | +€7,965 | +24.1% |
| Other amounts receivable | 41 | €33,110 | €41,076 | +€7,965 | +24.1% |
| Current investments | 50/53 | €5,000 | €17,615 | +€12,615 | +252.3% |
| Cash at bank and in hand | 54/58 | €4,144 | €15,900 | +€11,757 | +283.7% |
| Deferred charges and accrued income | 490/1 | €3,171 | €3,742 | +€571 | +18.0% |
| Total equity and liabilities | 10/49 | €570,312 | €719,564 | +€149,252 | +26.2% |
| Equity | 10/15 | €167,727 | €197,735 | +€30,008 | +17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €149,127 | €179,135 | +€30,008 | +20.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €149,127 | €179,135 | +€30,008 | +20.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €402,585 | €521,829 | +€119,244 | +29.6% |
| Amounts payable after more than one year | 17 | €223,222 | €285,327 | +€62,105 | +27.8% |
| Financial debts | 170/4 | €223,222 | €285,327 | +€62,105 | +27.8% |
| Amounts payable within one year | 42/48 | €179,293 | €236,502 | +€57,209 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €37,491 | €42,260 | +€4,769 | +12.7% |
| Financial debts | 43 | €0 | €8,000 | +€8,000 | |
| Credit institutions | 430/8 | €0 | €8,000 | +€8,000 | |
| Trade debts | 44 | €5,496 | €47,159 | +€41,663 | +758.0% |
| Suppliers | 440/4 | €5,496 | €47,159 | +€41,663 | +758.0% |
| Advances received on contracts in progress | 46 | €0 | €10,141 | +€10,141 | |
| Taxes, remuneration and social security | 45 | €2,406 | €6,771 | +€4,365 | +181.4% |
| Taxes | 450/3 | €2,256 | €6,621 | +€4,365 | +193.5% |
| Remuneration and social security | 454/9 | €150 | €150 | = | 0.0% |
| Other amounts payable | 47/48 | €133,899 | €122,171 | -€11,728 | -8.8% |
| Accrued charges and deferred income | 492/3 | €71 | €0 | -€71 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,183 | €14,494 | +€1,311 | +9.9% |
| Other operating charges | 640/8 | €7,239 | €7,764 | +€526 | +7.3% |
| Gross operating margin | 9900 | €37,820 | €48,030 | +€10,210 | +27.0% |
| Operating profit (loss) | 9901 | €17,399 | €25,771 | +€8,372 | +48.1% |
| Financial income | 75/76B | €44,684 | €37,575 | -€7,109 | -15.9% |
| Recurring financial income | 75 | €44,684 | €37,575 | -€7,109 | -15.9% |
| Financial charges | 65/66B | €11,455 | €11,385 | -€70 | -0.6% |
| Recurring financial charges | 65 | €10,455 | €11,385 | +€930 | +8.9% |
| Non-recurring financial charges | 66B | €1,000 | €0 | -€1,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €50,628 | €51,961 | +€1,333 | +2.6% |
| Income taxes | 67/77 | €6,580 | €9,179 | +€2,598 | +39.5% |
| Profit (loss) for the period | 9904 | €44,047 | €42,782 | -€1,265 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,047 | €42,782 | -€1,265 | -2.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.