G-Lag: 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-Lag
Largest movements
- Cash +€107,490
up €107,490 (+5,374%), from €2,000 to €109,490
mainly Net result for the year (+€140,182) and Tax, wage and social debts (+€50,534)
- Current investments +€55,000
new in 2025: €55,000
- Receivables within one year +€24,738
up €24,738 (+6,550%), from €378 to €25,116
of which Trade receivables: +€20,591
- Profit (loss) carried forward +€140,182
up €140,182, from -€1,948 to €138,234
- Tax, wage and social debts +€50,534
new in 2025: €50,534
- Gross operating margin +€181,414
up €181,414, from -€1,798 to €179,616
- Taxes +€40,141
new in 2025: €40,141
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 | €2,378 | €191,694 | +€189,317 | +7,962% |
| Fixed assets | 21/28 | - | €1,021 | +€1,021 | |
| Tangible fixed assets | 22/27 | - | €1,021 | +€1,021 | |
| Furniture and vehicles | 24 | - | €1,021 | +€1,021 | |
| Current assets | 29/58 | €2,378 | €190,673 | +€188,296 | +7,919% |
| Amounts receivable within one year | 40/41 | €378 | €25,116 | +€24,738 | +6,550% |
| Trade receivables | 40 | - | €20,591 | +€20,591 | |
| Other amounts receivable | 41 | €378 | €4,525 | +€4,148 | +1,098% |
| Current investments | 50/53 | - | €55,000 | +€55,000 | |
| Cash at bank and in hand | 54/58 | €2,000 | €109,490 | +€107,490 | +5,374% |
| Deferred charges and accrued income | 490/1 | - | €1,068 | +€1,068 | |
| Total equity and liabilities | 10/49 | €2,378 | €191,694 | +€189,317 | +7,962% |
| Equity | 10/15 | €52 | €140,234 | +€140,182 | +271,565% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,948 | €138,234 | +€140,182 | |
| Amounts payable | 17/49 | €2,326 | €51,461 | +€49,135 | +2,112% |
| Amounts payable within one year | 42/48 | €2,326 | €51,461 | +€49,135 | +2,112% |
| Trade debts | 44 | €2,326 | €926 | -€1,400 | -60.2% |
| Suppliers | 440/4 | €2,326 | €926 | -€1,400 | -60.2% |
| Taxes, remuneration and social security | 45 | - | €50,534 | +€50,534 | |
| Taxes | 450/3 | - | €50,534 | +€50,534 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €22 | +€22 | |
| Other operating charges | 640/8 | €150 | €252 | +€102 | +68.0% |
| Gross operating margin | 9900 | -€1,798 | €179,616 | +€181,414 | |
| Operating profit (loss) | 9901 | -€1,948 | €179,342 | +€181,290 | |
| Financial income | 75/76B | - | €981 | +€981 | |
| Recurring financial income | 75 | - | €981 | +€981 | |
| Financial charges | 65/66B | - | €0 | +€0 | |
| Recurring financial charges | 65 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | -€1,948 | €180,323 | +€182,271 | |
| Income taxes | 67/77 | - | €40,141 | +€40,141 | |
| Profit (loss) for the period | 9904 | -€1,948 | €140,182 | +€142,130 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,948 | €140,182 | +€142,130 |
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 13 October 2026 via checked.be.