G.N.C.: 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.C.
Largest movements
- Cash +€4,251
up €4,251 (+7.0%), from €61,143 to €65,394
mainly Net result for the year (+€7,634) and Depreciation (+€533)
- Receivables within one year +€3,773
up €3,773 (+5.2%), from €71,963 to €75,735
of which Trade receivables: +€3,891
- Profit (loss) carried forward +€7,634
up €7,634 (+17.1%), from -€44,612 to -€36,978
- Depreciation -€146
down €146 (-21.5%), from €679 to €533
- Other operating charges -€92
down €92 (-19.2%), from €479 to €387
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 | €136,428 | €143,919 | +€7,491 | +5.5% |
| Fixed assets | 21/28 | €3,322 | €2,790 | -€533 | -16.0% |
| Tangible fixed assets | 22/27 | €3,322 | €2,790 | -€533 | -16.0% |
| Plant, machinery and equipment | 23 | €3,322 | €2,790 | -€533 | -16.0% |
| Current assets | 29/58 | €133,106 | €141,130 | +€8,024 | +6.0% |
| Amounts receivable within one year | 40/41 | €71,963 | €75,735 | +€3,773 | +5.2% |
| Trade receivables | 40 | €65,712 | €69,603 | +€3,891 | +5.9% |
| Other amounts receivable | 41 | €6,251 | €6,133 | -€118 | -1.9% |
| Cash at bank and in hand | 54/58 | €61,143 | €65,394 | +€4,251 | +7.0% |
| Total equity and liabilities | 10/49 | €136,428 | €143,919 | +€7,491 | +5.5% |
| Equity | 10/15 | €136,285 | €143,919 | +€7,634 | +5.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €118,897 | €118,897 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €112,697 | €112,697 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,612 | -€36,978 | +€7,634 | +17.1% |
| Amounts payable | 17/49 | €143 | - | -€143 | |
| Amounts payable within one year | 42/48 | €143 | - | -€143 | |
| Taxes, remuneration and social security | 45 | €143 | - | -€143 | |
| Taxes | 450/3 | €143 | - | -€143 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €679 | €533 | -€146 | -21.5% |
| Other operating charges | 640/8 | €479 | €387 | -€92 | -19.2% |
| Gross operating margin | 9900 | €8,667 | €8,591 | -€76 | -0.9% |
| Operating profit (loss) | 9901 | €7,509 | €7,671 | +€163 | +2.2% |
| Financial income | 75/76B | €303 | €340 | +€37 | +12.1% |
| Recurring financial income | 75 | €303 | €340 | +€37 | +12.1% |
| Financial charges | 65/66B | €398 | €376 | -€21 | -5.3% |
| Recurring financial charges | 65 | €398 | €376 | -€21 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €7,414 | €7,634 | +€221 | +3.0% |
| Profit (loss) for the period | 9904 | €7,414 | €7,634 | +€221 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,414 | €7,634 | +€221 | +3.0% |
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 26 October 2026 via checked.be.