G- MANAGEMENT: 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- MANAGEMENT
Largest movements
- Tangible fixed assets +€41,072
up €41,072 (+10.5%), from €390,074 to €431,146
of which Furniture and vehicles: +€45,752
- Profit (loss) carried forward +€25,199
up €25,199 (+5.7%), from -€442,959 to -€417,761
- Other debts +€20,672
up €20,672 (+2.5%), from €817,795 to €838,467
- Gross operating margin +€4,721
up €4,721 (+13.4%), from €35,349 to €40,070
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 | €399,879 | €444,386 | +€44,508 | +11.1% |
| Fixed assets | 21/28 | €390,074 | €431,146 | +€41,072 | +10.5% |
| Tangible fixed assets | 22/27 | €390,074 | €431,146 | +€41,072 | +10.5% |
| Land and buildings | 22 | €387,943 | €383,107 | -€4,836 | -1.2% |
| Plant, machinery and equipment | 23 | €2,130 | €2,286 | +€156 | +7.3% |
| Furniture and vehicles | 24 | €0 | €45,752 | +€45,752 | |
| Current assets | 29/58 | €9,805 | €13,240 | +€3,435 | +35.0% |
| Amounts receivable within one year | 40/41 | - | €1,525 | +€1,525 | |
| Trade receivables | 40 | - | €1,525 | +€1,525 | |
| Cash at bank and in hand | 54/58 | €9,805 | €10,232 | +€427 | +4.4% |
| Deferred charges and accrued income | 490/1 | - | €1,483 | +€1,483 | |
| Total equity and liabilities | 10/49 | €399,879 | €444,386 | +€44,508 | +11.1% |
| Equity | 10/15 | -€422,714 | -€397,516 | +€25,199 | +6.0% |
| Reserves | 13 | €20,245 | €20,245 | = | 0.0% |
| Distributable reserves | 133 | €20,245 | €20,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€442,959 | -€417,761 | +€25,199 | +5.7% |
| Amounts payable | 17/49 | €822,593 | €841,902 | +€19,309 | +2.3% |
| Amounts payable within one year | 42/48 | €822,593 | €841,900 | +€19,307 | +2.3% |
| Trade debts | 44 | €4,383 | €3,005 | -€1,378 | -31.4% |
| Suppliers | 440/4 | €4,383 | €3,005 | -€1,378 | -31.4% |
| Taxes, remuneration and social security | 45 | €414 | €428 | +€13 | +3.2% |
| Taxes | 450/3 | €414 | €428 | +€13 | +3.2% |
| Other amounts payable | 47/48 | €817,795 | €838,467 | +€20,672 | +2.5% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,130 | €6,327 | +€197 | +3.2% |
| Other operating charges | 640/8 | €7,436 | €7,746 | +€310 | +4.2% |
| Gross operating margin | 9900 | €35,349 | €40,070 | +€4,721 | +13.4% |
| Operating profit (loss) | 9901 | €21,782 | €25,997 | +€4,214 | +19.3% |
| Financial income | 75/76B | €41 | €49 | +€8 | +18.7% |
| Recurring financial income | 75 | €41 | €49 | +€8 | +18.7% |
| Financial charges | 65/66B | €519 | €616 | +€98 | +18.9% |
| Recurring financial charges | 65 | €519 | €616 | +€98 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €21,305 | €25,429 | +€4,124 | +19.4% |
| Income taxes | 67/77 | €219 | €230 | +€12 | +5.3% |
| Profit (loss) for the period | 9904 | €21,086 | €25,199 | +€4,112 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,086 | €25,199 | +€4,112 | +19.5% |
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 14 October 2026 via checked.be.