G & F SERVICES: 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 SERVICES
Largest movements
- Current investments +€89,950
up €89,950 (+123%), from €73,007 to €162,956
- Cash -€12,772
down €12,772 (-13.2%), from €97,032 to €84,261
mainly Current investments (-€89,950) and Trade debts (-€264)
- Reserves +€65,891
up €65,891 (+37.3%), from €176,533 to €242,424
- Tax, wage and social debts +€7,664
up €7,664 (+159%), from €4,820 to €12,483
- Gross operating margin +€16,177
up €16,177 (+17.2%), from €93,845 to €110,023
- Financial charges +€9,593
up €9,593 (+3,000%), from €320 to €9,913
- Taxes +€8,363
up €8,363 (+32.4%), from €25,814 to €34,177
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 | €185,015 | €260,113 | +€75,099 | +40.6% |
| Current assets | 29/58 | €185,015 | €260,113 | +€75,099 | +40.6% |
| Amounts receivable within one year | 40/41 | €14,878 | €12,797 | -€2,081 | -14.0% |
| Trade receivables | 40 | €12,355 | €12,797 | +€442 | +3.6% |
| Other amounts receivable | 41 | €2,523 | €0 | -€2,523 | -100% |
| Current investments | 50/53 | €73,007 | €162,956 | +€89,950 | +123% |
| Cash at bank and in hand | 54/58 | €97,032 | €84,261 | -€12,772 | -13.2% |
| Deferred charges and accrued income | 490/1 | €98 | €100 | +€2 | +1.9% |
| Total equity and liabilities | 10/49 | €185,015 | €260,113 | +€75,099 | +40.6% |
| Equity | 10/15 | €179,533 | €245,424 | +€65,891 | +36.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €176,533 | €242,424 | +€65,891 | +37.3% |
| Distributable reserves | 133 | €176,533 | €242,424 | +€65,891 | +37.3% |
| Amounts payable | 17/49 | €5,482 | €14,689 | +€9,207 | +168% |
| Amounts payable within one year | 42/48 | €5,230 | €14,430 | +€9,200 | +176% |
| Trade debts | 44 | €411 | €146 | -€264 | -64.3% |
| Suppliers | 440/4 | €411 | €146 | -€264 | -64.3% |
| Taxes, remuneration and social security | 45 | €4,820 | €12,483 | +€7,664 | +159% |
| Taxes | 450/3 | €4,820 | €12,483 | +€7,664 | +159% |
| Other amounts payable | 47/48 | - | €1,800 | +€1,800 | |
| Accrued charges and deferred income | 492/3 | €252 | €259 | +€7 | +2.9% |
| Other operating charges | 640/8 | €523 | €521 | -€3 | -0.5% |
| Gross operating margin | 9900 | €93,845 | €110,023 | +€16,177 | +17.2% |
| Operating profit (loss) | 9901 | €93,322 | €109,502 | +€16,180 | +17.3% |
| Financial income | 75/76B | €111 | €479 | +€368 | +331% |
| Recurring financial income | 75 | €111 | €479 | +€368 | +331% |
| Financial charges | 65/66B | €320 | €9,913 | +€9,593 | +3,000% |
| Recurring financial charges | 65 | €320 | €9,913 | +€9,593 | +3,000% |
| Profit (loss) for the period before taxes | 9903 | €93,113 | €100,068 | +€6,955 | +7.5% |
| Income taxes | 67/77 | €25,814 | €34,177 | +€8,363 | +32.4% |
| Profit (loss) for the period | 9904 | €67,299 | €65,891 | -€1,408 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,299 | €65,891 | -€1,408 | -2.1% |
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 23 October 2026 via checked.be.