G-M-G: 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-G
Largest movements
- Cash -€209
down €209 (-2.3%), from €9,026 to €8,817
mainly Net result for the year (-€620)
- Profit (loss) carried forward -€620
down €620 (-22.7%), from -€2,731 to -€3,352
- Trade debts +€412
up €412 (+680%), from €61 to €472
- Financial charges +€10
up €10 (+7.4%), from €133 to €143
- Gross operating margin -€10
down €10 (-2.1%), from -€467 to -€477
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 | €9,026 | €8,817 | -€209 | -2.3% |
| Current assets | 29/58 | €9,026 | €8,817 | -€209 | -2.3% |
| Cash at bank and in hand | 54/58 | €9,026 | €8,817 | -€209 | -2.3% |
| Total equity and liabilities | 10/49 | €9,026 | €8,817 | -€209 | -2.3% |
| Equity | 10/15 | €7,269 | €6,649 | -€620 | -8.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,731 | -€3,352 | -€620 | -22.7% |
| Amounts payable | 17/49 | €1,757 | €2,169 | +€412 | +23.4% |
| Amounts payable within one year | 42/48 | €1,757 | €2,169 | +€412 | +23.4% |
| Trade debts | 44 | €61 | €472 | +€412 | +680% |
| Suppliers | 440/4 | €61 | €472 | +€412 | +680% |
| Other amounts payable | 47/48 | €1,697 | €1,697 | = | 0.0% |
| Gross operating margin | 9900 | -€467 | -€477 | -€10 | -2.1% |
| Operating profit (loss) | 9901 | -€467 | -€477 | -€10 | -2.1% |
| Financial charges | 65/66B | €133 | €143 | +€10 | +7.4% |
| Recurring financial charges | 65 | €133 | €143 | +€10 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | -€601 | -€620 | -€20 | -3.3% |
| Profit (loss) for the period | 9904 | -€601 | -€620 | -€20 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€601 | -€620 | -€20 | -3.3% |
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 22 October 2026 via checked.be.