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 +€57,557
up €57,557 (+1,272%), from €4,525 to €62,082
mainly Receivables within one year (+€40,791) and Net result for the year (+€15,668)
- Receivables within one year -€40,791
down €40,791 (-29.5%), from €138,205 to €97,414
of which Trade receivables: -€29,379
- Stocks and contracts +€8,699
up €8,699 (+232%), from €3,755 to €12,454
- Deferred charges and accrued income -€2,817
down €2,817 (-48.4%), from €5,818 to €3,001
- Tangible fixed assets +€2,115
up €2,115 (+13.7%), from €15,407 to €17,523
of which Furniture and vehicles: +€5,677
- Reserves +€15,668
up €15,668 (+20.0%), from €78,405 to €94,073
- Tax, wage and social debts +€3,667
up €3,667 (+46.0%), from €7,969 to €11,636
of which Taxes: +€3,505
- Other debts +€3,002
up €3,002 (+407%), from €737 to €3,739
- Trade debts +€2,427
up €2,427 (+31.4%), from €7,739 to €10,166
- Gross operating margin +€25,088
up €25,088 (+86.9%), from €28,864 to €53,952
- Taxes +€5,738
up €5,738 (+137%), from €4,200 to €9,938
- Depreciation +€1,229
up €1,229 (+21.6%), from €5,697 to €6,926
- Staff costs +€766
up €766 (+3.5%), from €21,819 to €22,585
- Financial charges -€556
down €556 (-57.4%), from €969 to €413
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 | €167,710 | €192,474 | +€24,764 | +14.8% |
| Fixed assets | 21/28 | €15,407 | €17,523 | +€2,115 | +13.7% |
| Tangible fixed assets | 22/27 | €15,407 | €17,523 | +€2,115 | +13.7% |
| Plant, machinery and equipment | 23 | €10,328 | €6,766 | -€3,562 | -34.5% |
| Furniture and vehicles | 24 | €5,079 | €10,757 | +€5,677 | +112% |
| Current assets | 29/58 | €152,302 | €174,951 | +€22,649 | +14.9% |
| Stocks and contracts in progress | 3 | €3,755 | €12,454 | +€8,699 | +232% |
| Stocks | 30/36 | €3,755 | €12,454 | +€8,699 | +232% |
| Amounts receivable within one year | 40/41 | €138,205 | €97,414 | -€40,791 | -29.5% |
| Trade receivables | 40 | €115,931 | €86,552 | -€29,379 | -25.3% |
| Other amounts receivable | 41 | €22,274 | €10,862 | -€11,412 | -51.2% |
| Cash at bank and in hand | 54/58 | €4,525 | €62,082 | +€57,557 | +1,272% |
| Deferred charges and accrued income | 490/1 | €5,818 | €3,001 | -€2,817 | -48.4% |
| Total equity and liabilities | 10/49 | €167,710 | €192,474 | +€24,764 | +14.8% |
| Equity | 10/15 | €147,005 | €162,673 | +€15,668 | +10.7% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €78,405 | €94,073 | +€15,668 | +20.0% |
| Distributable reserves | 133 | €78,405 | €94,073 | +€15,668 | +20.0% |
| Amounts payable | 17/49 | €20,705 | €29,801 | +€9,096 | +43.9% |
| Amounts payable within one year | 42/48 | €16,445 | €25,541 | +€9,096 | +55.3% |
| Trade debts | 44 | €7,739 | €10,166 | +€2,427 | +31.4% |
| Suppliers | 440/4 | €7,739 | €10,166 | +€2,427 | +31.4% |
| Taxes, remuneration and social security | 45 | €7,969 | €11,636 | +€3,667 | +46.0% |
| Taxes | 450/3 | €2,701 | €6,206 | +€3,505 | +130% |
| Remuneration and social security | 454/9 | €5,267 | €5,430 | +€163 | +3.1% |
| Other amounts payable | 47/48 | €737 | €3,739 | +€3,002 | +407% |
| Accrued charges and deferred income | 492/3 | €4,260 | €4,260 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €21,819 | €22,585 | +€766 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,697 | €6,926 | +€1,229 | +21.6% |
| Other operating charges | 640/8 | €767 | €923 | +€156 | +20.4% |
| Gross operating margin | 9900 | €28,864 | €53,952 | +€25,088 | +86.9% |
| Operating profit (loss) | 9901 | €582 | €23,518 | +€22,936 | +3,940% |
| Financial income | 75/76B | €2,663 | €2,500 | -€163 | -6.1% |
| Recurring financial income | 75 | €2,663 | €2,500 | -€163 | -6.1% |
| Financial charges | 65/66B | €969 | €413 | -€556 | -57.4% |
| Recurring financial charges | 65 | €969 | €413 | -€556 | -57.4% |
| Profit (loss) for the period before taxes | 9903 | €2,276 | €25,606 | +€23,330 | +1,025% |
| Income taxes | 67/77 | €4,200 | €9,938 | +€5,738 | +137% |
| Profit (loss) for the period | 9904 | -€1,924 | €15,668 | +€17,592 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,924 | €15,668 | +€17,592 |
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 18 October 2026 via checked.be.