G. & J.: 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. & J.
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+99.8%), from €1.4m to €2.9m
of which Land and buildings: +€1.4m
- Intangible fixed assets +€647,256
new in 2025: €647,256
- Stocks and contracts -€514,606
down €514,606 (-100.0%), from €514,606 to €0
- Financial fixed assets -€241,926
down €241,926 (-100.0%), from €242,000 to €74
- Debts after one year +€832,535
up €832,535 (+157.1%), from €530,078 to €1.4m
of which Financial debts: +€832,535
- Other debts +€308,268
up €308,268 (+43.5%), from €709,149 to €1.0m
- Reserves +€169,274
up €169,274 (+41.5%), from €407,541 to €576,815
- Short-term financial debts -€86,998
down €86,998 (-22.1%), from €394,500 to €307,502
- Profit (loss) carried forward -€86,745
down €86,745 (-146.0%), from -€59,419 to -€146,164
- Depreciation +€195,168
up €195,168 (+262.1%), from €74,457 to €269,625
- Financial income +€181,126
up €181,126 (+1811255200.0%), from €0 to €181,126
- Other operating charges +€69,024
up €69,024 (+534.4%), from €12,916 to €81,941
- Financial charges +€28,580
up €28,580 (+97.0%), from €29,457 to €58,037
- Gross operating margin +€25,934
up €25,934 (+19.3%), from €134,238 to €160,172
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 | €2,263,391 | €3,549,689 | +€1.3m | +56.8% |
| Fixed assets | 21/28 | €1,673,021 | €3,507,192 | +€1.8m | +109.6% |
| Intangible fixed assets | 21 | - | €647,256 | +€647,256 | |
| Tangible fixed assets | 22/27 | €1,431,021 | €2,859,862 | +€1.4m | +99.8% |
| Land and buildings | 22 | €1,422,209 | €2,848,882 | +€1.4m | +100.3% |
| Plant, machinery and equipment | 23 | €1,499 | €284 | -€1,215 | -81.0% |
| Furniture and vehicles | 24 | €7,313 | €10,695 | +€3,382 | +46.3% |
| Financial fixed assets | 28 | €242,000 | €74 | -€241,926 | -100.0% |
| Current assets | 29/58 | €590,370 | €42,497 | -€547,873 | -92.8% |
| Stocks and contracts in progress | 3 | €514,606 | €0 | -€514,606 | -100.0% |
| Stocks | 30/36 | €514,606 | €0 | -€514,606 | -100.0% |
| Amounts receivable within one year | 40/41 | €27,301 | €4,801 | -€22,500 | -82.4% |
| Trade receivables | 40 | €22,500 | €0 | -€22,500 | -100.0% |
| Other amounts receivable | 41 | €4,801 | €4,801 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46,864 | €33,265 | -€13,599 | -29.0% |
| Deferred charges and accrued income | 490/1 | €1,600 | €4,431 | +€2,832 | +177.0% |
| Total equity and liabilities | 10/49 | €2,263,391 | €3,549,689 | +€1.3m | +56.8% |
| Equity | 10/15 | €410,122 | €492,651 | +€82,529 | +20.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €407,541 | €576,815 | +€169,274 | +41.5% |
| Tax-exempt reserves | 132 | €407,541 | €576,815 | +€169,274 | +41.5% |
| Profit (loss) carried forward | 14 | -€59,419 | -€146,164 | -€86,745 | -146.0% |
| Provisions and deferred taxes | 16 | €171,188 | €225,511 | +€54,323 | +31.7% |
| Deferred taxes | 168 | €171,188 | €225,511 | +€54,323 | +31.7% |
| Amounts payable | 17/49 | €1,682,081 | €2,831,527 | +€1.1m | +68.3% |
| Amounts payable after more than one year | 17 | €530,078 | €1,362,613 | +€832,535 | +157.1% |
| Financial debts | 170/4 | €525,428 | €1,357,963 | +€832,535 | +158.4% |
| Other amounts payable | 178/9 | €4,650 | €4,650 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,152,003 | €1,466,414 | +€314,410 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €47,865 | €114,179 | +€66,314 | +138.5% |
| Financial debts | 43 | €394,500 | €307,502 | -€86,998 | -22.1% |
| Credit institutions | 430/8 | €394,500 | €307,502 | -€86,998 | -22.1% |
| Trade debts | 44 | €490 | €14,613 | +€14,123 | +2883.3% |
| Suppliers | 440/4 | €490 | €14,613 | +€14,123 | +2883.3% |
| Taxes, remuneration and social security | 45 | €0 | €12,704 | +€12,704 | |
| Taxes | 450/3 | €0 | €12,704 | +€12,704 | |
| Other amounts payable | 47/48 | €709,149 | €1,017,416 | +€308,268 | +43.5% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Non-recurring operating income | 76A | €76,904 | €12,500 | -€64,404 | -83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,457 | €269,625 | +€195,168 | +262.1% |
| Other operating charges | 640/8 | €12,916 | €81,941 | +€69,024 | +534.4% |
| Non-recurring operating charges | 66A | - | €59,705 | +€59,705 | |
| Gross operating margin | 9900 | €134,238 | €160,172 | +€25,934 | +19.3% |
| Operating profit (loss) | 9901 | €46,864 | -€251,099 | -€297,964 | |
| Financial income | 75/76B | €0 | €181,126 | +€181,126 | +1811255200.0% |
| Recurring financial income | 75 | €0 | €181,126 | +€181,126 | +1811255200.0% |
| Financial charges | 65/66B | €29,457 | €58,037 | +€28,580 | +97.0% |
| Recurring financial charges | 65 | €29,457 | €58,037 | +€28,580 | +97.0% |
| Profit (loss) for the period before taxes | 9903 | €17,407 | -€128,011 | -€145,418 | |
| Transfer from deferred taxes | 780 | €10,271 | €12,117 | +€1,846 | +18.0% |
| Income taxes | 67/77 | €199 | €899 | +€700 | +351.8% |
| Profit (loss) for the period | 9904 | €27,479 | -€116,793 | -€144,272 | |
| Transfer from tax-exempt reserves | 789 | €24,452 | €30,048 | +€5,596 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,931 | -€86,745 | -€138,676 |
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 6 October 2026 via checked.be.