G-Dev: 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-Dev
Largest movements
- Cash +€11,228
up €11,228 (+75.2%), from €14,938 to €26,166
mainly Receivables within one year (+€5,221) and Net result for the year (+€5,013)
- Receivables within one year -€5,221
down €5,221 (-10.7%), from €48,767 to €43,546
of which Trade receivables: -€10,794
- Reserves +€5,013
up €5,013 (+82.9%), from €6,045 to €11,059
- Trade debts +€1,704
up €1,704 (+48.8%), from €3,491 to €5,195
- Tax, wage and social debts -€1,207
down €1,207 (-21.3%), from €5,653 to €4,446
- Gross operating margin +€5,612
up €5,612 (+124.8%), from €4,495 to €10,107
- Taxes +€1,774
up €1,774 (+92.6%), from €1,916 to €3,690
- Financial charges -€483
down €483 (-28.5%), from €1,691 to €1,209
- Depreciation -€337
down €337 (-40.4%), from €835 to €497
- Other operating charges -€136
down €136 (-12.1%), from €1,123 to €987
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 | €66,016 | €71,526 | +€5,510 | +8.3% |
| Fixed assets | 21/28 | €2,311 | €1,814 | -€497 | -21.5% |
| Tangible fixed assets | 22/27 | €2,311 | €1,814 | -€497 | -21.5% |
| Plant, machinery and equipment | 23 | €1,880 | €1,535 | -€345 | -18.4% |
| Furniture and vehicles | 24 | €431 | €280 | -€152 | -35.2% |
| Current assets | 29/58 | €63,705 | €69,712 | +€6,007 | +9.4% |
| Amounts receivable within one year | 40/41 | €48,767 | €43,546 | -€5,221 | -10.7% |
| Trade receivables | 40 | €25,058 | €14,264 | -€10,794 | -43.1% |
| Other amounts receivable | 41 | €23,709 | €29,282 | +€5,574 | +23.5% |
| Cash at bank and in hand | 54/58 | €14,938 | €26,166 | +€11,228 | +75.2% |
| Total equity and liabilities | 10/49 | €66,016 | €71,526 | +€5,510 | +8.3% |
| Equity | 10/15 | €56,872 | €61,885 | +€5,013 | +8.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,045 | €11,059 | +€5,013 | +82.9% |
| Distributable reserves | 133 | €6,045 | €11,059 | +€5,013 | +82.9% |
| Profit (loss) carried forward | 14 | €44,626 | €44,626 | = | 0.0% |
| Amounts payable | 17/49 | €9,144 | €9,641 | +€497 | +5.4% |
| Amounts payable within one year | 42/48 | €9,144 | €9,641 | +€497 | +5.4% |
| Trade debts | 44 | €3,491 | €5,195 | +€1,704 | +48.8% |
| Suppliers | 440/4 | €3,491 | €5,195 | +€1,704 | +48.8% |
| Taxes, remuneration and social security | 45 | €5,653 | €4,446 | -€1,207 | -21.3% |
| Taxes | 450/3 | €5,653 | €4,446 | -€1,207 | -21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €835 | €497 | -€337 | -40.4% |
| Other operating charges | 640/8 | €1,123 | €987 | -€136 | -12.1% |
| Gross operating margin | 9900 | €4,495 | €10,107 | +€5,612 | +124.8% |
| Operating profit (loss) | 9901 | €2,537 | €8,623 | +€6,086 | +239.9% |
| Financial income | 75/76B | €1,410 | €1,289 | -€121 | -8.6% |
| Recurring financial income | 75 | €1,410 | €1,289 | -€121 | -8.6% |
| Financial charges | 65/66B | €1,691 | €1,209 | -€483 | -28.5% |
| Recurring financial charges | 65 | €1,691 | €1,209 | -€483 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €2,256 | €8,704 | +€6,448 | +285.8% |
| Income taxes | 67/77 | €1,916 | €3,690 | +€1,774 | +92.6% |
| Profit (loss) for the period | 9904 | €339 | €5,013 | +€4,674 | +1376.7% |
| Profit (loss) for the period to be appropriated | 9905 | €339 | €5,013 | +€4,674 | +1376.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.