G-LOG: 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-LOG
Largest movements
- Financial fixed assets +€6,600
up €6,600 (+7.4%), from €88,906 to €95,506
- Receivables within one year -€4,758
down €4,758 (-11.8%), from €40,330 to €35,572
of which Trade receivables: -€4,875
- Cash +€2,040
up €2,040 (+51.9%), from €3,932 to €5,972
mainly Net result for the year (+€8,785) and Receivables within one year (+€4,758)
- Reserves +€8,785
up €8,785 (+8.9%), from €98,722 to €107,507
of which Distributable reserves: +€8,785
- Trade debts -€5,707
down €5,707 (-21.6%), from €26,390 to €20,683
- Gross operating margin -€12,499
down €12,499 (-52.6%), from €23,762 to €11,263
- Taxes -€6,567
down €6,567, from €5,235 to -€1,332
- Financial charges -€2,835
down €2,835 (-80.1%), from €3,540 to €705
of which Financial charges: -€3,085
- Depreciation +€988
up €988 (+66.8%), from €1,480 to €2,468
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 | €139,316 | €141,661 | +€2,345 | +1.7% |
| Fixed assets | 21/28 | €94,086 | €99,787 | +€5,701 | +6.1% |
| Tangible fixed assets | 22/27 | €5,180 | €4,281 | -€899 | -17.4% |
| Plant, machinery and equipment | 23 | €2,887 | €3,032 | +€145 | +5.0% |
| Furniture and vehicles | 24 | €2,293 | €1,249 | -€1,044 | -45.5% |
| Financial fixed assets | 28 | €88,906 | €95,506 | +€6,600 | +7.4% |
| Current assets | 29/58 | €45,230 | €41,874 | -€3,356 | -7.4% |
| Amounts receivable within one year | 40/41 | €40,330 | €35,572 | -€4,758 | -11.8% |
| Trade receivables | 40 | €28,669 | €23,794 | -€4,875 | -17.0% |
| Other amounts receivable | 41 | €11,661 | €11,778 | +€117 | +1.0% |
| Cash at bank and in hand | 54/58 | €3,932 | €5,972 | +€2,040 | +51.9% |
| Deferred charges and accrued income | 490/1 | €968 | €330 | -€638 | -65.9% |
| Total equity and liabilities | 10/49 | €139,316 | €141,661 | +€2,345 | +1.7% |
| Equity | 10/15 | €104,922 | €113,707 | +€8,785 | +8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,722 | €107,507 | +€8,785 | +8.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €96,862 | €105,647 | +€8,785 | +9.1% |
| Amounts payable | 17/49 | €34,394 | €27,954 | -€6,440 | -18.7% |
| Amounts payable within one year | 42/48 | €34,394 | €27,954 | -€6,440 | -18.7% |
| Trade debts | 44 | €26,390 | €20,683 | -€5,707 | -21.6% |
| Suppliers | 440/4 | €26,390 | €20,683 | -€5,707 | -21.6% |
| Taxes, remuneration and social security | 45 | €7,804 | €6,881 | -€923 | -11.8% |
| Taxes | 450/3 | €5,000 | €4,077 | -€923 | -18.5% |
| Remuneration and social security | 454/9 | €2,804 | €2,804 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €200 | €390 | +€190 | +94.9% |
| Non-recurring operating income | 76A | - | €50 | +€50 | |
| Remuneration, social security and pensions | 62 | - | €42 | +€42 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,480 | €2,468 | +€988 | +66.8% |
| Other operating charges | 640/8 | €582 | €595 | +€13 | +2.2% |
| Gross operating margin | 9900 | €23,762 | €11,263 | -€12,499 | -52.6% |
| Operating profit (loss) | 9901 | €21,700 | €8,157 | -€13,543 | -62.4% |
| Financial charges | 65/66B | €3,540 | €705 | -€2,835 | -80.1% |
| Recurring financial charges | 65 | €3,540 | €455 | -€3,085 | -87.2% |
| Non-recurring financial charges | 66B | - | €250 | +€250 | |
| Profit (loss) for the period before taxes | 9903 | €18,160 | €7,452 | -€10,708 | -59.0% |
| Income taxes | 67/77 | €5,235 | -€1,332 | -€6,567 | |
| Profit (loss) for the period | 9904 | €12,925 | €8,785 | -€4,140 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,925 | €8,785 | -€4,140 | -32.0% |
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 12 October 2026 via checked.be.