G-DR: 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-DR
Largest movements
- Deferred charges and accrued income -€10,152
no longer reported in 2025 (was €10,152)
- Cash -€2,471
no longer reported in 2025 (was €2,471)
mainly Trade debts (-€8,867) and Other debts (-€3,715)
- Tangible fixed assets -€622
down €622 (-3.2%), from €19,568 to €18,946
of which Land and buildings: -€622
- Trade debts -€8,867
down €8,867 (-54.3%), from €16,323 to €7,457
- Other debts -€3,715
down €3,715 (-29.3%), from €12,688 to €8,972
- Tax, wage and social debts -€1,543
down €1,543 (-99.6%), from €1,549 to €6
- Profit (loss) carried forward +€732
up €732 (+13.0%), from -€5,626 to -€4,894
- Gross operating margin +€14,053
up €14,053, from -€7,206 to €6,848
- Taxes +€9,156
up €9,156, from -€4,578 to €4,578
- Depreciation -€2,135
down €2,135 (-77.4%), from €2,757 to €622
- Financial charges +€469
up €469 (+134.3%), from €349 to €818
- Financial income +€251
up €251 (+147711.8%), from €0 to €251
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 | €32,191 | €18,946 | -€13,245 | -41.1% |
| Fixed assets | 21/28 | €19,568 | €18,946 | -€622 | -3.2% |
| Tangible fixed assets | 22/27 | €19,568 | €18,946 | -€622 | -3.2% |
| Land and buildings | 22 | €2,489 | €1,867 | -€622 | -25.0% |
| Plant, machinery and equipment | 23 | €17,079 | €17,079 | = | 0.0% |
| Current assets | 29/58 | €12,623 | - | -€12,623 | |
| Cash at bank and in hand | 54/58 | €2,471 | - | -€2,471 | |
| Deferred charges and accrued income | 490/1 | €10,152 | - | -€10,152 | |
| Total equity and liabilities | 10/49 | €32,191 | €18,946 | -€13,245 | -41.1% |
| Equity | 10/15 | €1,632 | €2,364 | +€732 | +44.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,058 | €1,058 | = | 0.0% |
| Distributable reserves | 133 | €1,058 | €1,058 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,626 | -€4,894 | +€732 | +13.0% |
| Amounts payable | 17/49 | €30,560 | €16,583 | -€13,977 | -45.7% |
| Amounts payable within one year | 42/48 | €30,560 | €16,583 | -€13,977 | -45.7% |
| Financial debts | 43 | - | €148 | +€148 | |
| Credit institutions | 430/8 | - | €148 | +€148 | |
| Trade debts | 44 | €16,323 | €7,457 | -€8,867 | -54.3% |
| Suppliers | 440/4 | €16,323 | €7,457 | -€8,867 | -54.3% |
| Taxes, remuneration and social security | 45 | €1,549 | €6 | -€1,543 | -99.6% |
| Taxes | 450/3 | €1,549 | €6 | -€1,543 | -99.6% |
| Other amounts payable | 47/48 | €12,688 | €8,972 | -€3,715 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,757 | €622 | -€2,135 | -77.4% |
| Other operating charges | 640/8 | €275 | €349 | +€74 | +26.9% |
| Gross operating margin | 9900 | -€7,206 | €6,848 | +€14,053 | |
| Operating profit (loss) | 9901 | -€10,238 | €5,877 | +€16,114 | |
| Financial income | 75/76B | €0 | €251 | +€251 | +147711.8% |
| Recurring financial income | 75 | €0 | €251 | +€251 | +147711.8% |
| Financial charges | 65/66B | €349 | €818 | +€469 | +134.3% |
| Recurring financial charges | 65 | €349 | €818 | +€469 | +134.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,587 | €5,310 | +€15,896 | |
| Income taxes | 67/77 | -€4,578 | €4,578 | +€9,156 | |
| Profit (loss) for the period | 9904 | -€6,009 | €732 | +€6,741 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,009 | €732 | +€6,741 |
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 4 October 2026 via checked.be.