G. FORM: what changed
Two fiscal 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. FORM
Largest movements
- Cash +€21,765
up €21,765 (+6.6%), from €331,021 to €352,786
mainly Net result for the year (+€13,669) and Receivables within one year (+€11,049)
- Reserves +€13,669
up €13,669 (+1.2%), from €1.1m to €1.2m
of which Distributable reserves: +€13,669
- Gross operating margin +€15,094
up €15,094 (+96.6%), from €15,625 to €30,718
- Taxes +€3,695
up €3,695 (+239.4%), from €1,543 to €5,238
- Other operating charges +€309
up €309 (+3.1%), from €9,883 to €10,191
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 | €1,193,695 | €1,204,669 | +€10,974 | +0.9% |
| Fixed assets | 21/28 | €138,222 | €138,222 | = | 0.0% |
| Tangible fixed assets | 22/27 | €135,744 | €135,744 | = | 0.0% |
| Land and buildings | 22 | €135,744 | €135,744 | = | 0.0% |
| Financial fixed assets | 28 | €2,479 | €2,479 | = | 0.0% |
| Current assets | 29/58 | €1,055,473 | €1,066,447 | +€10,974 | +1.0% |
| Amounts receivable after more than one year | 29 | €188,816 | €188,816 | = | 0.0% |
| Other amounts receivable | 291 | €188,816 | €188,816 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €532,968 | €521,920 | -€11,049 | -2.1% |
| Trade receivables | 40 | €14,274 | €1,464 | -€12,810 | -89.7% |
| Other amounts receivable | 41 | €518,694 | €520,456 | +€1,762 | +0.3% |
| Cash at bank and in hand | 54/58 | €331,021 | €352,786 | +€21,765 | +6.6% |
| Deferred charges and accrued income | 490/1 | €2,667 | €2,925 | +€258 | +9.7% |
| Total equity and liabilities | 10/49 | €1,193,695 | €1,204,669 | +€10,974 | +0.9% |
| Equity | 10/15 | €1,175,809 | €1,189,478 | +€13,669 | +1.2% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €1,144,809 | €1,158,478 | +€13,669 | +1.2% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,100 | €3,100 | = | 0.0% |
| Distributable reserves | 133 | €1,141,709 | €1,155,378 | +€13,669 | +1.2% |
| Amounts payable | 17/49 | €17,886 | €15,191 | -€2,695 | -15.1% |
| Amounts payable within one year | 42/48 | €17,886 | €15,191 | -€2,695 | -15.1% |
| Trade debts | 44 | €6,066 | €3,633 | -€2,433 | -40.1% |
| Suppliers | 440/4 | €6,066 | €3,633 | -€2,433 | -40.1% |
| Advances received on contracts in progress | 46 | €2,511 | €2,577 | +€66 | +2.6% |
| Taxes, remuneration and social security | 45 | €5,283 | €4,955 | -€328 | -6.2% |
| Taxes | 450/3 | €5,283 | €4,955 | -€328 | -6.2% |
| Other amounts payable | 47/48 | €4,025 | €4,025 | = | 0.0% |
| Other operating charges | 640/8 | €9,883 | €10,191 | +€309 | +3.1% |
| Gross operating margin | 9900 | €15,625 | €30,718 | +€15,094 | +96.6% |
| Operating profit (loss) | 9901 | €5,742 | €20,527 | +€14,785 | +257.5% |
| Financial charges | 65/66B | €1,447 | €1,620 | +€173 | +12.0% |
| Recurring financial charges | 65 | €1,447 | €1,620 | +€173 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €4,295 | €18,907 | +€14,612 | +340.2% |
| Income taxes | 67/77 | €1,543 | €5,238 | +€3,695 | +239.4% |
| Profit (loss) for the period | 9904 | €2,752 | €13,669 | +€10,918 | +396.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,752 | €13,669 | +€10,918 | +396.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.