G³ IVE: 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.
G³ IVE
Largest movements
- Tangible fixed assets -€16,358
down €16,358 (-23.9%), from €68,500 to €52,141
of which Leasing and similar rights: -€10,517
- Cash +€13,440
up €13,440 (+19.4%), from €69,215 to €82,656
mainly Net result for the year (+€22,112) and Depreciation (+€21,147)
- Other debts +€20,501
up €20,501 (+246.9%), from €8,305 to €28,806
- Debts after one year -€15,456
down €15,456 (-45.6%), from €33,859 to €18,403
- Tax, wage and social debts -€9,582
down €9,582 (-34.0%), from €28,213 to €18,631
of which Taxes: -€9,582
- Current portion of long-term debt +€1,695
up €1,695 (+8.7%), from €19,395 to €21,090
- Gross operating margin -€9,205
down €9,205 (-14.4%), from €64,118 to €54,912
- Depreciation +€6,038
up €6,038 (+40.0%), from €15,109 to €21,147
- Taxes -€1,821
down €1,821 (-17.4%), from €10,447 to €8,625
- Other operating charges -€968
down €968 (-42.9%), from €2,256 to €1,288
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 | €153,986 | €150,802 | -€3,184 | -2.1% |
| Fixed assets | 21/28 | €68,500 | €52,141 | -€16,358 | -23.9% |
| Tangible fixed assets | 22/27 | €68,500 | €52,141 | -€16,358 | -23.9% |
| Plant, machinery and equipment | 23 | €14,227 | €10,731 | -€3,496 | -24.6% |
| Furniture and vehicles | 24 | €7,716 | €5,370 | -€2,346 | -30.4% |
| Leasing and similar rights | 25 | €46,557 | €36,040 | -€10,517 | -22.6% |
| Current assets | 29/58 | €85,486 | €98,661 | +€13,175 | +15.4% |
| Amounts receivable within one year | 40/41 | €14,799 | €14,333 | -€466 | -3.1% |
| Trade receivables | 40 | €14,799 | €14,333 | -€466 | -3.1% |
| Cash at bank and in hand | 54/58 | €69,215 | €82,656 | +€13,440 | +19.4% |
| Deferred charges and accrued income | 490/1 | €1,472 | €1,673 | +€200 | +13.6% |
| Total equity and liabilities | 10/49 | €153,986 | €150,802 | -€3,184 | -2.1% |
| Equity | 10/15 | €61,660 | €61,772 | +€112 | +0.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,660 | €58,772 | +€112 | +0.2% |
| Amounts payable | 17/49 | €92,325 | €89,030 | -€3,295 | -3.6% |
| Amounts payable after more than one year | 17 | €33,859 | €18,403 | -€15,456 | -45.6% |
| Financial debts | 170/4 | €33,859 | €18,403 | -€15,456 | -45.6% |
| Amounts payable within one year | 42/48 | €58,466 | €70,628 | +€12,161 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €19,395 | €21,090 | +€1,695 | +8.7% |
| Trade debts | 44 | €2,554 | €2,102 | -€453 | -17.7% |
| Suppliers | 440/4 | €2,554 | €2,102 | -€453 | -17.7% |
| Taxes, remuneration and social security | 45 | €28,213 | €18,631 | -€9,582 | -34.0% |
| Taxes | 450/3 | €26,213 | €16,631 | -€9,582 | -36.6% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €8,305 | €28,806 | +€20,501 | +246.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,109 | €21,147 | +€6,038 | +40.0% |
| Other operating charges | 640/8 | €2,256 | €1,288 | -€968 | -42.9% |
| Gross operating margin | 9900 | €64,118 | €54,912 | -€9,205 | -14.4% |
| Operating profit (loss) | 9901 | €46,753 | €32,478 | -€14,275 | -30.5% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €1,319 | €1,743 | +€424 | +32.1% |
| Recurring financial charges | 65 | €1,319 | €1,743 | +€424 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | €45,433 | €30,737 | -€14,697 | -32.3% |
| Income taxes | 67/77 | €10,447 | €8,625 | -€1,821 | -17.4% |
| Profit (loss) for the period | 9904 | €34,987 | €22,112 | -€12,875 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,987 | €22,112 | -€12,875 | -36.8% |
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.