G-ELEMENTS: 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-ELEMENTS
Largest movements
- Tangible fixed assets -€32,311
down €32,311 (-29.7%), from €108,626 to €76,315
of which Plant, machinery and equipment: -€18,314
- Cash +€10,575
up €10,575 (+43.2%), from €24,500 to €35,075
mainly Depreciation (+€22,168) and Investment in fixed assets (net) (+€10,143)
- Receivables within one year -€3,614
down €3,614 (-20.4%), from €17,748 to €14,134
of which Other amounts receivable: -€3,614
- Trade debts -€17,050
down €17,050 (-93.7%), from €18,203 to €1,153
- Debts after one year -€12,344
down €12,344 (-34.9%), from €35,335 to €22,992
- Profit (loss) carried forward +€7,285
up €7,285 (+32.7%), from €22,307 to €29,592
- Other debts -€6,720
down €6,720 (-16.0%), from €41,972 to €35,252
- Tax, wage and social debts +€1,769
up €1,769 (+85.7%), from €2,063 to €3,832
- Other operating charges -€17,403
down €17,403 (-90.9%), from €19,152 to €1,750
- Gross operating margin -€13,538
down €13,538 (-23.9%), from €56,739 to €43,201
- Depreciation +€4,348
up €4,348 (+24.4%), from €17,820 to €22,168
- Financial charges +€1,514
up €1,514 (+29.3%), from €5,172 to €6,686
- Taxes +€1,211
up €1,211 (+63.3%), from €1,914 to €3,125
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 | €152,192 | €125,624 | -€26,568 | -17.5% |
| Fixed assets | 21/28 | €108,726 | €76,415 | -€32,311 | -29.7% |
| Tangible fixed assets | 22/27 | €108,626 | €76,315 | -€32,311 | -29.7% |
| Land and buildings | 22 | €8,106 | €5,013 | -€3,093 | -38.2% |
| Plant, machinery and equipment | 23 | €33,608 | €15,294 | -€18,314 | -54.5% |
| Furniture and vehicles | 24 | €66,912 | €56,008 | -€10,904 | -16.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €43,466 | €49,209 | +€5,743 | +13.2% |
| Amounts receivable within one year | 40/41 | €17,748 | €14,134 | -€3,614 | -20.4% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | €5,648 | €2,034 | -€3,614 | -64.0% |
| Cash at bank and in hand | 54/58 | €24,500 | €35,075 | +€10,575 | +43.2% |
| Deferred charges and accrued income | 490/1 | €1,218 | €0 | -€1,218 | -100% |
| Total equity and liabilities | 10/49 | €152,192 | €125,624 | -€26,568 | -17.5% |
| Equity | 10/15 | €42,767 | €50,052 | +€7,285 | +17.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,307 | €29,592 | +€7,285 | +32.7% |
| Amounts payable | 17/49 | €109,425 | €75,572 | -€33,853 | -30.9% |
| Amounts payable after more than one year | 17 | €35,335 | €22,992 | -€12,344 | -34.9% |
| Financial debts | 170/4 | €35,335 | €22,992 | -€12,344 | -34.9% |
| Amounts payable within one year | 42/48 | €74,090 | €52,580 | -€21,509 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €11,798 | €12,344 | +€546 | +4.6% |
| Financial debts | 43 | €54 | €0 | -€54 | -100% |
| Credit institutions | 430/8 | €54 | €0 | -€54 | -100% |
| Trade debts | 44 | €18,203 | €1,153 | -€17,050 | -93.7% |
| Suppliers | 440/4 | €18,203 | €1,153 | -€17,050 | -93.7% |
| Taxes, remuneration and social security | 45 | €2,063 | €3,832 | +€1,769 | +85.7% |
| Taxes | 450/3 | €2,063 | €3,832 | +€1,769 | +85.7% |
| Other amounts payable | 47/48 | €41,972 | €35,252 | -€6,720 | -16.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,820 | €22,168 | +€4,348 | +24.4% |
| Other operating charges | 640/8 | €19,152 | €1,750 | -€17,403 | -90.9% |
| Non-recurring operating charges | 66A | - | €1,722 | +€1,722 | |
| Gross operating margin | 9900 | €56,739 | €43,201 | -€13,538 | -23.9% |
| Operating profit (loss) | 9901 | €19,767 | €17,562 | -€2,205 | -11.2% |
| Financial income | 75/76B | €223 | €146 | -€77 | -34.6% |
| Recurring financial income | 75 | €223 | €146 | -€77 | -34.6% |
| Financial charges | 65/66B | €5,172 | €6,686 | +€1,514 | +29.3% |
| Recurring financial charges | 65 | €5,172 | €6,686 | +€1,514 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €14,818 | €11,022 | -€3,796 | -25.6% |
| Income taxes | 67/77 | €1,914 | €3,125 | +€1,211 | +63.3% |
| Profit (loss) for the period | 9904 | €12,903 | €7,897 | -€5,006 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,903 | €7,897 | -€5,006 | -38.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.