G-Line: 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-Line
Largest movements
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Cash +€256,435
up €256,435 (+77.6%), from €330,614 to €587,049
mainly Current investments (+€300,000) and Net result for the year (+€134,577)
- Tangible fixed assets +€209,635
up €209,635 (+243%), from €86,411 to €296,046
of which Land and buildings: +€253,306
- Receivables within one year -€107,451
down €107,451 (-59.2%), from €181,406 to €73,955
of which Trade receivables: -€106,912
- Reserves +€61,674
up €61,674 (+8.4%), from €738,139 to €799,813
of which Distributable reserves: +€62,954
- Other debts +€32,201
up €32,201 (+86.9%), from €37,057 to €69,258
- Tax, wage and social debts -€32,066
down €32,066 (-53.0%), from €60,512 to €28,446
of which Taxes: -€31,643
- Debts after one year -€12,952
down €12,952 (-52.3%), from €24,756 to €11,804
- Depreciation +€47,987
up €47,987 (+274%), from €17,533 to €65,520
- Gross operating margin -€45,743
down €45,743 (-12.8%), from €356,481 to €310,738
- Taxes -€22,951
down €22,951 (-28.5%), from €80,583 to €57,632
- Staff costs -€18,603
down €18,603 (-26.2%), from €70,878 to €52,275
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 | €912,218 | €966,730 | +€54,512 | +6.0% |
| Fixed assets | 21/28 | €88,957 | €298,788 | +€209,831 | +236% |
| Tangible fixed assets | 22/27 | €86,411 | €296,046 | +€209,635 | +243% |
| Land and buildings | 22 | - | €253,306 | +€253,306 | |
| Plant, machinery and equipment | 23 | €12,123 | €5,973 | -€6,150 | -50.7% |
| Furniture and vehicles | 24 | €48,288 | €36,767 | -€11,521 | -23.9% |
| Assets under construction and advance payments | 27 | €26,000 | - | -€26,000 | |
| Financial fixed assets | 28 | €2,546 | €2,742 | +€196 | +7.7% |
| Current assets | 29/58 | €823,261 | €667,942 | -€155,319 | -18.9% |
| Stocks and contracts in progress | 3 | €11,241 | €6,938 | -€4,303 | -38.3% |
| Stocks | 30/36 | €11,241 | €6,938 | -€4,303 | -38.3% |
| Amounts receivable within one year | 40/41 | €181,406 | €73,955 | -€107,451 | -59.2% |
| Trade receivables | 40 | €168,022 | €61,110 | -€106,912 | -63.6% |
| Other amounts receivable | 41 | €13,384 | €12,845 | -€539 | -4.0% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €330,614 | €587,049 | +€256,435 | +77.6% |
| Total equity and liabilities | 10/49 | €912,218 | €966,730 | +€54,512 | +6.0% |
| Equity | 10/15 | €744,339 | €806,013 | +€61,674 | +8.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €738,139 | €799,813 | +€61,674 | +8.4% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,120 | €3,840 | -€1,280 | -25.0% |
| Distributable reserves | 133 | €732,399 | €795,353 | +€62,954 | +8.6% |
| Provisions and deferred taxes | 16 | €1,280 | €960 | -€320 | -25.0% |
| Deferred taxes | 168 | €1,280 | €960 | -€320 | -25.0% |
| Amounts payable | 17/49 | €166,599 | €159,757 | -€6,842 | -4.1% |
| Amounts payable after more than one year | 17 | €24,756 | €11,804 | -€12,952 | -52.3% |
| Financial debts | 170/4 | €24,756 | €11,804 | -€12,952 | -52.3% |
| Amounts payable within one year | 42/48 | €141,843 | €147,953 | +€6,110 | +4.3% |
| Financial debts | 43 | €17,810 | €18,877 | +€1,067 | +6.0% |
| Credit institutions | 430/8 | €17,810 | €18,877 | +€1,067 | +6.0% |
| Trade debts | 44 | €26,464 | €31,372 | +€4,908 | +18.5% |
| Suppliers | 440/4 | €26,464 | €31,372 | +€4,908 | +18.5% |
| Taxes, remuneration and social security | 45 | €60,512 | €28,446 | -€32,066 | -53.0% |
| Taxes | 450/3 | €56,576 | €24,933 | -€31,643 | -55.9% |
| Remuneration and social security | 454/9 | €3,936 | €3,513 | -€423 | -10.7% |
| Other amounts payable | 47/48 | €37,057 | €69,258 | +€32,201 | +86.9% |
| Remuneration, social security and pensions | 62 | €70,878 | €52,275 | -€18,603 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,533 | €65,520 | +€47,987 | +274% |
| Other operating charges | 640/8 | €1,223 | €3,730 | +€2,507 | +205% |
| Gross operating margin | 9900 | €356,481 | €310,738 | -€45,743 | -12.8% |
| Operating profit (loss) | 9901 | €266,847 | €189,213 | -€77,634 | -29.1% |
| Financial income | 75/76B | €4,936 | €4,805 | -€131 | -2.7% |
| Recurring financial income | 75 | €4,936 | €4,805 | -€131 | -2.7% |
| Financial charges | 65/66B | €1,896 | €2,129 | +€233 | +12.3% |
| Recurring financial charges | 65 | €1,896 | €2,129 | +€233 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €269,887 | €191,889 | -€77,998 | -28.9% |
| Transfer from deferred taxes | 780 | €320 | €320 | = | 0.0% |
| Transfer to deferred taxes | 680 | €1,600 | - | -€1,600 | |
| Income taxes | 67/77 | €80,583 | €57,632 | -€22,951 | -28.5% |
| Profit (loss) for the period | 9904 | €188,024 | €134,577 | -€53,447 | -28.4% |
| Transfer from tax-exempt reserves | 789 | €1,280 | €1,280 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €6,400 | - | -€6,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €182,904 | €135,857 | -€47,047 | -25.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.