G-CONCEPT: 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-CONCEPT
Largest movements
- Stocks and contracts +€493,955
up €493,955 (+1,669%), from €29,592 to €523,547
- Receivables within one year -€386,290
down €386,290 (-82.9%), from €465,845 to €79,555
of which Trade receivables: -€310,958
- Short-term financial debts +€357,000
new in 2026: €357,000
- Advances received -€287,897
no longer reported in 2026 (was €287,897)
- Other debts +€142,049
up €142,049 (+208%), from €68,344 to €210,394
- Trade debts -€78,335
down €78,335 (-80.5%), from €97,304 to €18,969
- Tax, wage and social debts -€38,284
down €38,284 (-86.3%), from €44,373 to €6,089
- Gross operating margin +€33,276
up €33,276, from -€3,491 to €29,785
- Taxes -€8,888
down €8,888 (-75.3%), from €11,806 to €2,918
- Financial charges +€6,799
up €6,799 (+2,162%), from €314 to €7,114
- Other operating charges +€2,977
up €2,977 (+80.9%), from €3,681 to €6,658
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €500,712 | €608,463 | +€107,751 | +21.5% |
| Fixed assets | 21/28 | €500 | €500 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €500,212 | €607,963 | +€107,751 | +21.5% |
| Stocks and contracts in progress | 3 | €29,592 | €523,547 | +€493,955 | +1,669% |
| Contracts in progress | 37 | €29,592 | €523,547 | +€493,955 | +1,669% |
| Amounts receivable within one year | 40/41 | €465,845 | €79,555 | -€386,290 | -82.9% |
| Trade receivables | 40 | €390,514 | €79,555 | -€310,958 | -79.6% |
| Other amounts receivable | 41 | €75,332 | - | -€75,332 | |
| Cash at bank and in hand | 54/58 | €4,775 | €4,861 | +€87 | +1.8% |
| Total equity and liabilities | 10/49 | €500,712 | €608,463 | +€107,751 | +21.5% |
| Equity | 10/15 | €2,795 | €16,012 | +€13,217 | +473% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,205 | -€4,988 | +€13,217 | +72.6% |
| Amounts payable | 17/49 | €497,917 | €592,451 | +€94,534 | +19.0% |
| Amounts payable within one year | 42/48 | €497,917 | €592,451 | +€94,534 | +19.0% |
| Financial debts | 43 | - | €357,000 | +€357,000 | |
| Credit institutions | 430/8 | - | €357,000 | +€357,000 | |
| Trade debts | 44 | €97,304 | €18,969 | -€78,335 | -80.5% |
| Suppliers | 440/4 | €97,304 | €18,969 | -€78,335 | -80.5% |
| Advances received on contracts in progress | 46 | €287,897 | - | -€287,897 | |
| Taxes, remuneration and social security | 45 | €44,373 | €6,089 | -€38,284 | -86.3% |
| Taxes | 450/3 | €44,373 | €6,089 | -€38,284 | -86.3% |
| Other amounts payable | 47/48 | €68,344 | €210,394 | +€142,049 | +208% |
| Other operating charges | 640/8 | €3,681 | €6,658 | +€2,977 | +80.9% |
| Gross operating margin | 9900 | -€3,491 | €29,785 | +€33,276 | |
| Operating profit (loss) | 9901 | -€7,172 | €23,127 | +€30,299 | |
| Financial income | 75/76B | - | €121 | +€121 | |
| Recurring financial income | 75 | - | €121 | +€121 | |
| Financial charges | 65/66B | €314 | €7,114 | +€6,799 | +2,162% |
| Recurring financial charges | 65 | €314 | €7,114 | +€6,799 | +2,162% |
| Profit (loss) for the period before taxes | 9903 | -€7,486 | €16,135 | +€23,621 | |
| Income taxes | 67/77 | €11,806 | €2,918 | -€8,888 | -75.3% |
| Profit (loss) for the period | 9904 | -€19,292 | €13,217 | +€32,509 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,292 | €13,217 | +€32,509 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.