G-Major Records: what changed
G-Major Records
Largest movements
- Receivables within one year +€23,005
up €23,005 (+279%), from €8,247 to €31,252
of which Trade receivables: +€14,470
- Tangible fixed assets +€3,732
up €3,732 (+177%), from €2,107 to €5,839
of which Furniture and vehicles: +€2,306
- Cash -€3,160
down €3,160 (-16.6%), from €18,992 to €15,833
mainly Receivables within one year (-€23,005) and Investment in fixed assets (net) (-€4,835)
- Profit (loss) carried forward +€16,919
up €16,919 (+62.8%), from €26,959 to €43,877
- Trade debts +€7,750
up €7,750 (+493%), from €1,571 to €9,321
- Tax, wage and social debts -€1,150
down €1,150 (-60.9%), from €1,887 to €737
- Gross operating margin +€7,786
up €7,786 (+49.0%), from €15,883 to €23,669
- Taxes +€2,599
up €2,599 (+122%), from €2,138 to €4,737
- Depreciation -€402
down €402 (-21.1%), from €1,903 to €1,501
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,931 | €54,036 | +€23,104 | +74.7% |
| Formation expenses | 20 | €201 | €47 | -€154 | -76.7% |
| Fixed assets | 21/28 | €3,417 | €6,905 | +€3,488 | +102% |
| Intangible fixed assets | 21 | €593 | €349 | -€244 | -41.1% |
| Tangible fixed assets | 22/27 | €2,107 | €5,839 | +€3,732 | +177% |
| Plant, machinery and equipment | 23 | €1,414 | €2,839 | +€1,425 | +101% |
| Furniture and vehicles | 24 | €693 | €3,000 | +€2,306 | +333% |
| Financial fixed assets | 28 | €717 | €717 | = | 0.0% |
| Current assets | 29/58 | €27,314 | €47,084 | +€19,771 | +72.4% |
| Amounts receivable within one year | 40/41 | €8,247 | €31,252 | +€23,005 | +279% |
| Trade receivables | 40 | €6,078 | €20,549 | +€14,470 | +238% |
| Other amounts receivable | 41 | €2,168 | €10,703 | +€8,535 | +394% |
| Cash at bank and in hand | 54/58 | €18,992 | €15,833 | -€3,160 | -16.6% |
| Deferred charges and accrued income | 490/1 | €75 | €0 | -€75 | -100% |
| Total equity and liabilities | 10/49 | €30,931 | €54,036 | +€23,104 | +74.7% |
| Equity | 10/15 | €27,059 | €43,977 | +€16,919 | +62.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,959 | €43,877 | +€16,919 | +62.8% |
| Amounts payable | 17/49 | €3,873 | €10,058 | +€6,186 | +160% |
| Amounts payable within one year | 42/48 | €3,873 | €10,058 | +€6,186 | +160% |
| Trade debts | 44 | €1,571 | €9,321 | +€7,750 | +493% |
| Suppliers | 440/4 | €1,571 | €9,321 | +€7,750 | +493% |
| Taxes, remuneration and social security | 45 | €1,887 | €737 | -€1,150 | -60.9% |
| Taxes | 450/3 | €1,887 | €737 | -€1,150 | -60.9% |
| Other amounts payable | 47/48 | €415 | €0 | -€415 | -100% |
| Non-recurring operating income | 76A | €7,182 | €0 | -€7,182 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,903 | €1,501 | -€402 | -21.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €855 | €0 | -€855 | -100% |
| Gross operating margin | 9900 | €15,883 | €23,669 | +€7,786 | +49.0% |
| Operating profit (loss) | 9901 | €12,737 | €21,768 | +€9,030 | +70.9% |
| Financial income | 75/76B | €0 | €3 | +€3 | +2,760% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +2,760% |
| Financial charges | 65/66B | €233 | €115 | -€119 | -50.9% |
| Recurring financial charges | 65 | €233 | €115 | -€119 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €12,504 | €21,656 | +€9,152 | +73.2% |
| Income taxes | 67/77 | €2,138 | €4,737 | +€2,599 | +122% |
| Profit (loss) for the period | 9904 | €10,366 | €16,919 | +€6,553 | +63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,366 | €16,919 | +€6,553 | +63.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.