G+M CONCEPT: 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+M CONCEPT
Largest movements
- Tangible fixed assets +€23,969
up €23,969, from €0 to €23,969
of which Furniture and vehicles: +€22,829
- Receivables within one year +€14,334
up €14,334 (+40.9%), from €35,004 to €49,338
of which Trade receivables: +€19,843
- Other debts +€62,707
up €62,707 (+69.3%), from €90,473 to €153,180
- Reserves -€18,663
down €18,663 (-6.2%), from €302,038 to €283,376
of which Distributable reserves: -€18,663
- Trade debts -€16,741
down €16,741 (-77.2%), from €21,688 to €4,947
- Tax, wage and social debts +€9,991
up €9,991 (+76.2%), from €13,119 to €23,110
of which Taxes: +€5,326
- Gross operating margin +€9,524
up €9,524 (+15.4%), from €61,763 to €71,287
- Depreciation +€4,258
new in 2025: €4,258
- Financial charges +€1,322
up €1,322 (+99.3%), from -€1,331 to -€10
- Taxes +€1,233
up €1,233 (+7.0%), from €17,546 to €18,779
- Financial income +€935
up €935 (+78.3%), from €1,194 to €2,129
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 | €433,712 | €471,014 | +€37,302 | +8.6% |
| Fixed assets | 21/28 | €0 | €23,969 | +€23,969 | |
| Tangible fixed assets | 22/27 | €0 | €23,969 | +€23,969 | |
| Plant, machinery and equipment | 23 | €0 | €1,140 | +€1,140 | |
| Furniture and vehicles | 24 | €0 | €22,829 | +€22,829 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €433,712 | €447,045 | +€13,333 | +3.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €35,004 | €49,338 | +€14,334 | +40.9% |
| Trade receivables | 40 | €29,495 | €49,338 | +€19,843 | +67.3% |
| Other amounts receivable | 41 | €5,509 | - | -€5,509 | |
| Current investments | 50/53 | €288,064 | €288,324 | +€260 | +0.1% |
| Cash at bank and in hand | 54/58 | €107,473 | €105,825 | -€1,649 | -1.5% |
| Deferred charges and accrued income | 490/1 | €3,171 | €3,559 | +€389 | +12.3% |
| Total equity and liabilities | 10/49 | €433,712 | €471,014 | +€37,302 | +8.6% |
| Equity | 10/15 | €308,238 | €289,576 | -€18,663 | -6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €302,038 | €283,376 | -€18,663 | -6.2% |
| 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 | €300,178 | €281,516 | -€18,663 | -6.2% |
| Amounts payable | 17/49 | €125,474 | €181,438 | +€55,965 | +44.6% |
| Amounts payable within one year | 42/48 | €125,280 | €181,238 | +€55,958 | +44.7% |
| Trade debts | 44 | €21,688 | €4,947 | -€16,741 | -77.2% |
| Suppliers | 440/4 | €21,688 | €4,947 | -€16,741 | -77.2% |
| Taxes, remuneration and social security | 45 | €13,119 | €23,110 | +€9,991 | +76.2% |
| Taxes | 450/3 | €13,119 | €18,445 | +€5,326 | +40.6% |
| Remuneration and social security | 454/9 | €0 | €4,665 | +€4,665 | |
| Other amounts payable | 47/48 | €90,473 | €153,180 | +€62,707 | +69.3% |
| Accrued charges and deferred income | 492/3 | €194 | €201 | +€7 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,258 | +€4,258 | |
| Other operating charges | 640/8 | €886 | €1,090 | +€204 | +23.0% |
| Gross operating margin | 9900 | €61,763 | €71,287 | +€9,524 | +15.4% |
| Operating profit (loss) | 9901 | €60,877 | €65,940 | +€5,062 | +8.3% |
| Financial income | 75/76B | €1,194 | €2,129 | +€935 | +78.3% |
| Recurring financial income | 75 | €1,194 | €2,129 | +€935 | +78.3% |
| Financial charges | 65/66B | -€1,331 | -€10 | +€1,322 | +99.3% |
| Recurring financial charges | 65 | -€1,331 | -€10 | +€1,322 | +99.3% |
| Profit (loss) for the period before taxes | 9903 | €63,403 | €68,078 | +€4,676 | +7.4% |
| Income taxes | 67/77 | €17,546 | €18,779 | +€1,233 | +7.0% |
| Profit (loss) for the period | 9904 | €45,857 | €49,299 | +€3,442 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,857 | €49,299 | +€3,442 | +7.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.