G&C PARTNERS: 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&C PARTNERS
Largest movements
- Receivables within one year +€27,343
up €27,343 (+625%), from €4,372 to €31,714
of which Other amounts receivable: +€26,465
- Tangible fixed assets -€2,419
down €2,419 (-13.3%), from €18,150 to €15,731
of which Plant, machinery and equipment: -€2,772
- Cash -€813
down €813 (-44.5%), from €1,828 to €1,015
mainly Receivables within one year (-€27,343) and Other debts (-€21,147)
- Profit (loss) carried forward +€32,320
up €32,320, from -€32,320 to €0
- Other debts -€21,147
down €21,147 (-100%), from €21,147 to €0
- Reserves +€11,421
new in 2025: €11,421
- Tax, wage and social debts +€4,664
up €4,664 (+87.6%), from €5,322 to €9,986
of which Taxes: +€4,640
- Trade debts -€2,961
down €2,961 (-86.9%), from €3,406 to €445
- Gross operating margin +€26,470
up €26,470 (+32.5%), from €81,415 to €107,886
- Staff costs +€6,275
up €6,275 (+13.8%), from €45,319 to €51,594
- Taxes +€3,947
new in 2025: €3,947
- Financial charges +€2,245
up €2,245 (+131%), from €1,716 to €3,961
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 | €27,555 | €51,853 | +€24,297 | +88.2% |
| Fixed assets | 21/28 | €18,150 | €15,731 | -€2,419 | -13.3% |
| Tangible fixed assets | 22/27 | €18,150 | €15,731 | -€2,419 | -13.3% |
| Plant, machinery and equipment | 23 | €15,484 | €12,712 | -€2,772 | -17.9% |
| Furniture and vehicles | 24 | €2,666 | €3,019 | +€352 | +13.2% |
| Current assets | 29/58 | €9,405 | €36,122 | +€26,717 | +284% |
| Stocks and contracts in progress | 3 | €2,350 | €2,495 | +€145 | +6.2% |
| Stocks | 30/36 | €2,350 | €2,495 | +€145 | +6.2% |
| Amounts receivable within one year | 40/41 | €4,372 | €31,714 | +€27,343 | +625% |
| Trade receivables | 40 | - | €877 | +€877 | |
| Other amounts receivable | 41 | €4,372 | €30,837 | +€26,465 | +605% |
| Cash at bank and in hand | 54/58 | €1,828 | €1,015 | -€813 | -44.5% |
| Deferred charges and accrued income | 490/1 | €855 | €897 | +€42 | +4.9% |
| Total equity and liabilities | 10/49 | €27,555 | €51,853 | +€24,297 | +88.2% |
| Equity | 10/15 | -€2,320 | €41,421 | +€43,741 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €11,421 | +€11,421 | |
| Distributable reserves | 133 | - | €11,421 | +€11,421 | |
| Profit (loss) carried forward | 14 | -€32,320 | €0 | +€32,320 | |
| Amounts payable | 17/49 | €29,875 | €10,431 | -€19,444 | -65.1% |
| Amounts payable within one year | 42/48 | €29,875 | €10,431 | -€19,444 | -65.1% |
| Trade debts | 44 | €3,406 | €445 | -€2,961 | -86.9% |
| Suppliers | 440/4 | €3,406 | €445 | -€2,961 | -86.9% |
| Taxes, remuneration and social security | 45 | €5,322 | €9,986 | +€4,664 | +87.6% |
| Taxes | 450/3 | €3,193 | €7,833 | +€4,640 | +145% |
| Remuneration and social security | 454/9 | €2,129 | €2,153 | +€24 | +1.1% |
| Other amounts payable | 47/48 | €21,147 | €0 | -€21,147 | -100% |
| Remuneration, social security and pensions | 62 | €45,319 | €51,594 | +€6,275 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,995 | €4,243 | +€249 | +6.2% |
| Other operating charges | 640/8 | - | €399 | +€399 | |
| Gross operating margin | 9900 | €81,415 | €107,886 | +€26,470 | +32.5% |
| Operating profit (loss) | 9901 | €32,102 | €51,649 | +€19,547 | +60.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €1,716 | €3,961 | +€2,245 | +131% |
| Recurring financial charges | 65 | €1,716 | €3,961 | +€2,245 | +131% |
| Profit (loss) for the period before taxes | 9903 | €30,387 | €47,688 | +€17,302 | +56.9% |
| Income taxes | 67/77 | - | €3,947 | +€3,947 | |
| Profit (loss) for the period | 9904 | €30,387 | €43,741 | +€13,355 | +43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,387 | €43,741 | +€13,355 | +43.9% |
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 30 October 2026 via checked.be.