G.F.G.: 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.F.G.
Largest movements
- Cash +€64,703
up €64,703 (+23.2%), from €278,404 to €343,107
mainly Net result for the year (+€31,664) and Other debts (+€23,531)
- Tangible fixed assets -€6,833
down €6,833 (-69.7%), from €9,809 to €2,976
of which Furniture and vehicles: -€4,340
- Reserves +€33,000
up €33,000 (+24.0%), from €137,659 to €170,659
of which Distributable reserves: +€33,000
- Other debts +€23,531
up €23,531 (+25.8%), from €91,290 to €114,821
- Trade debts +€3,981
new in 2026: €3,981
- Purchases and services -€7,867
down €7,867 (-15.0%), from €52,501 to €44,634
- Taxes -€1,776
down €1,776 (-8.8%), from €20,097 to €18,321
- Gross operating margin -€1,613
down €1,613 (-2.7%), from €59,940 to €58,327
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 | €288,213 | €346,083 | +€57,870 | +20.1% |
| Fixed assets | 21/28 | €9,809 | €2,976 | -€6,833 | -69.7% |
| Tangible fixed assets | 22/27 | €9,809 | €2,976 | -€6,833 | -69.7% |
| Land and buildings | 22 | €135 | - | -€135 | |
| Plant, machinery and equipment | 23 | €3,163 | €806 | -€2,357 | -74.5% |
| Furniture and vehicles | 24 | €6,511 | €2,170 | -€4,340 | -66.7% |
| Current assets | 29/58 | €278,404 | €343,107 | +€64,703 | +23.2% |
| Cash at bank and in hand | 54/58 | €278,404 | €343,107 | +€64,703 | +23.2% |
| Total equity and liabilities | 10/49 | €288,213 | €346,083 | +€57,870 | +20.1% |
| Equity | 10/15 | €179,194 | €210,853 | +€31,659 | +17.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €137,659 | €170,659 | +€33,000 | +24.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €135,800 | €168,800 | +€33,000 | +24.3% |
| Profit (loss) carried forward | 14 | €22,943 | €21,602 | -€1,341 | -5.8% |
| Amounts payable | 17/49 | €109,019 | €135,230 | +€26,211 | +24.0% |
| Amounts payable within one year | 42/48 | €109,019 | €135,230 | +€26,211 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €899 | - | -€899 | |
| Trade debts | 44 | - | €3,981 | +€3,981 | |
| Suppliers | 440/4 | - | €3,981 | +€3,981 | |
| Taxes, remuneration and social security | 45 | €16,830 | €16,428 | -€402 | -2.4% |
| Taxes | 450/3 | €16,830 | €16,428 | -€402 | -2.4% |
| Other amounts payable | 47/48 | €91,290 | €114,821 | +€23,531 | +25.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €52,501 | €44,634 | -€7,867 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,966 | €6,833 | -€133 | -1.9% |
| Other operating charges | 640/8 | €559 | €506 | -€53 | -9.5% |
| Gross operating margin | 9900 | €59,940 | €58,327 | -€1,613 | -2.7% |
| Operating profit (loss) | 9901 | €52,415 | €50,988 | -€1,427 | -2.7% |
| Financial charges | 65/66B | €1,392 | €1,003 | -€389 | -27.9% |
| Recurring financial charges | 65 | €1,392 | €1,003 | -€389 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €51,023 | €49,985 | -€1,038 | -2.0% |
| Income taxes | 67/77 | €20,097 | €18,321 | -€1,776 | -8.8% |
| Profit (loss) for the period | 9904 | €30,926 | €31,664 | +€738 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,926 | €31,664 | +€738 | +2.4% |
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 26 October 2026 via checked.be.