G & N: 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 & N
Largest movements
- Receivables after one year +€4,686
up €4,686 (+77.8%), from €6,026 to €10,712
- Tangible fixed assets -€4,228
no longer reported in 2025 (was €4,228)
- Cash -€4,148
down €4,148 (-46.6%), from €8,902 to €4,753
mainly Receivables after one year (-€4,686) and Receivables within one year (-€3,972)
- Receivables within one year +€3,972
up €3,972 (+112%), from €3,532 to €7,504
of which Trade receivables: +€3,649
- Trade debts -€787
no longer reported in 2025 (was €787)
- Reserves +€768
up €768 (+5.0%), from €15,300 to €16,068
of which Distributable reserves: +€768
- Tax, wage and social debts +€301
up €301 (+75.3%), from €400 to €700
- Taxes -€355
down €355 (-35.5%), from €1,000 to €645
- Gross operating margin -€229
down €229 (-7.4%), from €3,098 to €2,869
- Financial charges -€207
down €207 (-17.8%), from €1,163 to €956
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 | €22,687 | €22,969 | +€282 | +1.2% |
| Fixed assets | 21/28 | €4,228 | - | -€4,228 | |
| Tangible fixed assets | 22/27 | €4,228 | - | -€4,228 | |
| Furniture and vehicles | 24 | €4,228 | - | -€4,228 | |
| Current assets | 29/58 | €18,459 | €22,969 | +€4,510 | +24.4% |
| Amounts receivable after more than one year | 29 | €6,026 | €10,712 | +€4,686 | +77.8% |
| Trade receivables | 290 | €6,026 | €10,712 | +€4,686 | +77.8% |
| Amounts receivable within one year | 40/41 | €3,532 | €7,504 | +€3,972 | +112% |
| Trade receivables | 40 | €3,500 | €7,149 | +€3,649 | +104% |
| Other amounts receivable | 41 | €32 | €355 | +€323 | +1,004% |
| Cash at bank and in hand | 54/58 | €8,902 | €4,753 | -€4,148 | -46.6% |
| Total equity and liabilities | 10/49 | €22,687 | €22,969 | +€282 | +1.2% |
| Equity | 10/15 | €21,500 | €22,268 | +€768 | +3.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,300 | €16,068 | +€768 | +5.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €96 | €96 | = | 0.0% |
| Distributable reserves | 133 | €13,344 | €14,112 | +€768 | +5.8% |
| Amounts payable | 17/49 | €1,186 | €700 | -€486 | -41.0% |
| Amounts payable within one year | 42/48 | €1,186 | €700 | -€486 | -41.0% |
| Trade debts | 44 | €787 | - | -€787 | |
| Suppliers | 440/4 | €787 | - | -€787 | |
| Taxes, remuneration and social security | 45 | €400 | €700 | +€301 | +75.3% |
| Taxes | 450/3 | €400 | €700 | +€301 | +75.3% |
| Other operating charges | 640/8 | €487 | €500 | +€12 | +2.5% |
| Non-recurring operating charges | 66A | €53 | - | -€53 | |
| Gross operating margin | 9900 | €3,098 | €2,869 | -€229 | -7.4% |
| Operating profit (loss) | 9901 | €2,557 | €2,369 | -€188 | -7.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +433% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +433% |
| Financial charges | 65/66B | €1,163 | €956 | -€207 | -17.8% |
| Recurring financial charges | 65 | €1,163 | €956 | -€207 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €1,394 | €1,413 | +€19 | +1.4% |
| Income taxes | 67/77 | €1,000 | €645 | -€355 | -35.5% |
| Profit (loss) for the period | 9904 | €394 | €768 | +€374 | +94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €394 | €768 | +€374 | +94.9% |
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 16 October 2026 via checked.be.