G - FORCE: 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 - FORCE
Largest movements
- Cash +€15,224
up €15,224 (+13.2%), from €115,571 to €130,795
mainly Receivables within one year (+€11,560) and Net result for the year (+€7,287)
- Receivables within one year -€11,560
down €11,560 (-84.7%), from €13,648 to €2,089
of which Trade receivables: -€11,238
- Tangible fixed assets +€7,331
up €7,331 (+238.2%), from €3,078 to €10,410
of which Other tangible fixed assets: +€7,331
- Reserves +€7,287
up €7,287 (+7.5%), from €97,572 to €104,858
- Other debts +€3,600
up €3,600 (+27.9%), from €12,906 to €16,506
- Trade debts -€1,842
down €1,842 (-56.4%), from €3,263 to €1,421
- Gross operating margin -€20,633
down €20,633 (-66.2%), from €31,148 to €10,515
- Depreciation -€4,656
down €4,656 (-71.1%), from €6,546 to €1,891
- Taxes -€1,410
down €1,410 (-65.9%), from €2,139 to €729
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 | €135,880 | €145,653 | +€9,774 | +7.2% |
| Formation expenses | 20 | €3,582 | €2,360 | -€1,222 | -34.1% |
| Fixed assets | 21/28 | €3,078 | €10,410 | +€7,331 | +238.2% |
| Tangible fixed assets | 22/27 | €3,078 | €10,410 | +€7,331 | +238.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Other tangible fixed assets | 26 | €3,078 | €10,410 | +€7,331 | +238.2% |
| Current assets | 29/58 | €129,219 | €132,883 | +€3,664 | +2.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €13,648 | €2,089 | -€11,560 | -84.7% |
| Trade receivables | 40 | €12,386 | €1,148 | -€11,238 | -90.7% |
| Other amounts receivable | 41 | €1,262 | €941 | -€322 | -25.5% |
| Cash at bank and in hand | 54/58 | €115,571 | €130,795 | +€15,224 | +13.2% |
| Total equity and liabilities | 10/49 | €135,880 | €145,653 | +€9,774 | +7.2% |
| Equity | 10/15 | €117,572 | €124,858 | +€7,287 | +6.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €97,572 | €104,858 | +€7,287 | +7.5% |
| Distributable reserves | 133 | €97,572 | €104,858 | +€7,287 | +7.5% |
| Amounts payable | 17/49 | €18,308 | €20,795 | +€2,487 | +13.6% |
| Amounts payable within one year | 42/48 | €18,308 | €20,795 | +€2,487 | +13.6% |
| Trade debts | 44 | €3,263 | €1,421 | -€1,842 | -56.4% |
| Suppliers | 440/4 | €3,263 | €1,421 | -€1,842 | -56.4% |
| Taxes, remuneration and social security | 45 | €2,139 | €2,867 | +€729 | +34.1% |
| Taxes | 450/3 | €2,139 | €2,867 | +€729 | +34.1% |
| Other amounts payable | 47/48 | €12,906 | €16,506 | +€3,600 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,546 | €1,891 | -€4,656 | -71.1% |
| Other operating charges | 640/8 | €623 | €400 | -€224 | -35.9% |
| Gross operating margin | 9900 | €31,148 | €10,515 | -€20,633 | -66.2% |
| Operating profit (loss) | 9901 | €23,978 | €8,224 | -€15,754 | -65.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €453 | €209 | -€244 | -53.8% |
| Recurring financial charges | 65 | €453 | €209 | -€244 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €23,526 | €8,015 | -€15,510 | -65.9% |
| Income taxes | 67/77 | €2,139 | €729 | -€1,410 | -65.9% |
| Profit (loss) for the period | 9904 | €21,387 | €7,287 | -€14,100 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,387 | €7,287 | -€14,100 | -65.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.