G-FORCE.BE: 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.BE
Largest movements
- Financial fixed assets +€248,000
up €248,000 (+4.7%), from €5.3m to €5.5m
- Cash -€61,481
down €61,481 (-47.9%), from €128,449 to €66,968
mainly Investment in fixed assets (net) (-€264,964) and Current portion of long-term debt (-€107,881)
- Short-term financial debts +€247,436
up €247,436 (+2,440%), from €10,143 to €257,578
- Current portion of long-term debt -€107,881
down €107,881 (-43.0%), from €250,651 to €142,769
- Profit (loss) carried forward +€91,527
up €91,527 (+1.8%), from €5.1m to €5.2m
- Debts after one year -€89,053
down €89,053 (-24.6%), from €361,752 to €272,699
- Gross operating margin -€7,519
down €7,519 (-4.1%), from €182,036 to €174,516
- Financial income -€5,324
down €5,324 (-81.8%), from €6,510 to €1,186
- Financial charges -€4,967
down €4,967 (-25.4%), from €19,569 to €14,603
- Taxes -€2,474
down €2,474 (-7.3%), from €33,869 to €31,396
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 | €5,856,323 | €5,992,491 | +€136,168 | +2.3% |
| Fixed assets | 21/28 | €5,623,814 | €5,854,113 | +€230,299 | +4.1% |
| Tangible fixed assets | 22/27 | €330,770 | €313,069 | -€17,701 | -5.4% |
| Land and buildings | 22 | €33,937 | €31,822 | -€2,114 | -6.2% |
| Plant, machinery and equipment | 23 | €2,593 | €1,535 | -€1,058 | -40.8% |
| Furniture and vehicles | 24 | €3,607 | €18,064 | +€14,457 | +401% |
| Other tangible fixed assets | 26 | €290,633 | €261,648 | -€28,985 | -10.0% |
| Financial fixed assets | 28 | €5,293,045 | €5,541,045 | +€248,000 | +4.7% |
| Current assets | 29/58 | €232,509 | €138,378 | -€94,131 | -40.5% |
| Amounts receivable after more than one year | 29 | €25,000 | - | -€25,000 | |
| Other amounts receivable | 291 | €25,000 | - | -€25,000 | |
| Amounts receivable within one year | 40/41 | €69,690 | €68,352 | -€1,338 | -1.9% |
| Trade receivables | 40 | €56,460 | €68,343 | +€11,884 | +21.0% |
| Other amounts receivable | 41 | €13,230 | €8 | -€13,222 | -99.9% |
| Cash at bank and in hand | 54/58 | €128,449 | €66,968 | -€61,481 | -47.9% |
| Deferred charges and accrued income | 490/1 | €9,370 | €3,058 | -€6,312 | -67.4% |
| Total equity and liabilities | 10/49 | €5,856,323 | €5,992,491 | +€136,168 | +2.3% |
| Equity | 10/15 | €5,161,222 | €5,252,749 | +€91,527 | +1.8% |
| Contributions | 10/11 | €78,262 | €78,262 | = | 0.0% |
| Reserves | 13 | €8,446 | €8,446 | = | 0.0% |
| Distributable reserves | 133 | €8,446 | €8,446 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,074,514 | €5,166,041 | +€91,527 | +1.8% |
| Amounts payable | 17/49 | €695,101 | €739,742 | +€44,641 | +6.4% |
| Amounts payable after more than one year | 17 | €361,752 | €272,699 | -€89,053 | -24.6% |
| Financial debts | 170/4 | €361,752 | €272,699 | -€89,053 | -24.6% |
| Amounts payable within one year | 42/48 | €327,983 | €464,111 | +€136,128 | +41.5% |
| Current portion of amounts payable after more than one year | 42 | €250,651 | €142,769 | -€107,881 | -43.0% |
| Financial debts | 43 | €10,143 | €257,578 | +€247,436 | +2,440% |
| Credit institutions | 430/8 | €10,143 | €257,578 | +€247,436 | +2,440% |
| Trade debts | 44 | €1,548 | €3,971 | +€2,423 | +156% |
| Suppliers | 440/4 | €1,548 | €3,971 | +€2,423 | +156% |
| Taxes, remuneration and social security | 45 | €15,641 | €23,636 | +€7,995 | +51.1% |
| Taxes | 450/3 | €15,641 | €23,636 | +€7,995 | +51.1% |
| Other amounts payable | 47/48 | €50,000 | €36,156 | -€13,844 | -27.7% |
| Accrued charges and deferred income | 492/3 | €5,366 | €2,933 | -€2,433 | -45.3% |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,243 | €34,665 | +€1,422 | +4.3% |
| Other operating charges | 640/8 | €3,706 | €3,512 | -€194 | -5.2% |
| Gross operating margin | 9900 | €182,036 | €174,516 | -€7,519 | -4.1% |
| Operating profit (loss) | 9901 | €145,086 | €136,339 | -€8,747 | -6.0% |
| Financial income | 75/76B | €6,510 | €1,186 | -€5,324 | -81.8% |
| Recurring financial income | 75 | €6,510 | €1,186 | -€5,324 | -81.8% |
| Financial charges | 65/66B | €19,569 | €14,603 | -€4,967 | -25.4% |
| Recurring financial charges | 65 | €19,569 | €14,603 | -€4,967 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €132,027 | €122,923 | -€9,104 | -6.9% |
| Income taxes | 67/77 | €33,869 | €31,396 | -€2,474 | -7.3% |
| Profit (loss) for the period | 9904 | €98,158 | €91,527 | -€6,631 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €98,158 | €91,527 | -€6,631 | -6.8% |
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.