G.N.O.: what changed
What changed
G.N.O.
NACE 71.209, Other technical testing and analysis
filed annual accounts (NBB)
Net result for the year
€18,486
2024 · €32,814-€14,328
Equity
€160,564
2024 · €159,515+€1,049
Cash
€45,709
2024 · €17,644+€28,064
Balance sheet total
€590,221
2024 · €548,582+€41,639
Largest movements
Assets
- Cash +€28,064
up €28,064 (+159%), from €17,644 to €45,709
mainly Short-term financial debts (+€60,000) and Depreciation (+€54,534)
- Tangible fixed assets +€11,615
up €11,615 (+12.3%), from €94,565 to €106,180
of which Other tangible fixed assets: +€37,362
Equity and liabilities
- Short-term financial debts +€60,000
up €60,000 (+85.7%), from €70,000 to €130,000
- Trade debts -€59,637
down €59,637 (-66.1%), from €90,243 to €30,605
- Tax, wage and social debts +€13,988
up €13,988 (+25.4%), from €54,972 to €68,960
of which Taxes: +€9,515
- Other debts +€10,765
up €10,765 (+49.5%), from €21,756 to €32,521
- Debts after one year +€7,656
up €7,656 (+10.3%), from €74,526 to €82,182
Income statement
- Gross operating margin -€13,540
down €13,540 (-2.9%), from €471,300 to €457,760
- Depreciation +€5,918
up €5,918 (+12.2%), from €48,616 to €54,534
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.
Result 2024
€32,814
Gross operating margin
-€13,540
Staff costs
-€390
Depreciation
-€5,918
Other operating charges
+€450
Other operating items
+€929
Financial income
+€2,719
Financial charges
-€2,527
Taxes
+€3,949
Result 2025
€18,486
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€42,783
Investment
-€71,495
Financing
+€56,776
Cash 2024
€17,644
From operations (derived)
+€42,783
Net result for the year
+€18,486
Depreciation
+€54,534
Receivables within one year
+€3,387
Trade debts
-€59,637
Tax, wage and social debts
+€13,988
Other debts
+€10,765
Accrued charges and deferred income
+€1,261
Investment (derived)
-€71,495
Investment in fixed assets (net)
-€71,495
Financing
+€56,776
Debts after one year
+€7,656
Current portion of long-term debt
+€6,557
Short-term financial debts
+€60,000
Contributions, distributions and other
-€17,437
Cash 2025
€45,709
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €548,582 | €590,221 | +€41,639 | +7.6% |
| Fixed assets | 21/28 | €187,153 | €204,114 | +€16,962 | +9.1% |
| Intangible fixed assets | 21 | €12,574 | €17,920 | +€5,346 | +42.5% |
| Tangible fixed assets | 22/27 | €94,565 | €106,180 | +€11,615 | +12.3% |
| Plant, machinery and equipment | 23 | €50,541 | €33,900 | -€16,640 | -32.9% |
| Furniture and vehicles | 24 | €35,426 | €32,422 | -€3,004 | -8.5% |
| Leasing and similar rights | 25 | €6,102 | - | -€6,102 | |
| Other tangible fixed assets | 26 | €2,497 | €39,858 | +€37,362 | +1,497% |
| Financial fixed assets | 28 | €80,014 | €80,014 | = | 0.0% |
| Current assets | 29/58 | €361,429 | €386,107 | +€24,677 | +6.8% |
| Amounts receivable after more than one year | 29 | €112,500 | €112,500 | = | 0.0% |
| Other amounts receivable | 291 | €112,500 | €112,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €229,840 | €226,453 | -€3,387 | -1.5% |
| Trade receivables | 40 | €129,775 | €153,455 | +€23,680 | +18.2% |
| Other amounts receivable | 41 | €100,065 | €72,998 | -€27,067 | -27.0% |
| Cash at bank and in hand | 54/58 | €17,644 | €45,709 | +€28,064 | +159% |
| Deferred charges and accrued income | 490/1 | €1,445 | €1,445 | = | 0.0% |
| Total equity and liabilities | 10/49 | €548,582 | €590,221 | +€41,639 | +7.6% |
| Equity | 10/15 | €159,515 | €160,564 | +€1,049 | +0.7% |
| Contributions | 10/11 | €76,600 | €76,600 | = | 0.0% |
| Reserves | 13 | €82,915 | €83,964 | +€1,049 | +1.3% |
| Distributable reserves | 133 | €82,915 | €83,964 | +€1,049 | +1.3% |
| Amounts payable | 17/49 | €389,067 | €429,657 | +€40,590 | +10.4% |
| Amounts payable after more than one year | 17 | €74,526 | €82,182 | +€7,656 | +10.3% |
| Financial debts | 170/4 | €74,526 | €82,182 | +€7,656 | +10.3% |
| Amounts payable within one year | 42/48 | €311,469 | €343,142 | +€31,673 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €74,498 | €81,055 | +€6,557 | +8.8% |
| Financial debts | 43 | €70,000 | €130,000 | +€60,000 | +85.7% |
| Credit institutions | 430/8 | €70,000 | €130,000 | +€60,000 | +85.7% |
| Trade debts | 44 | €90,243 | €30,605 | -€59,637 | -66.1% |
| Suppliers | 440/4 | €90,243 | €30,605 | -€59,637 | -66.1% |
| Taxes, remuneration and social security | 45 | €54,972 | €68,960 | +€13,988 | +25.4% |
| Taxes | 450/3 | €10,931 | €20,446 | +€9,515 | +87.0% |
| Remuneration and social security | 454/9 | €44,041 | €48,515 | +€4,473 | +10.2% |
| Other amounts payable | 47/48 | €21,756 | €32,521 | +€10,765 | +49.5% |
| Accrued charges and deferred income | 492/3 | €3,072 | €4,333 | +€1,261 | +41.0% |
| Non-recurring operating income | 76A | €41 | - | -€41 | |
| Remuneration, social security and pensions | 62 | €369,935 | €370,326 | +€390 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,616 | €54,534 | +€5,918 | +12.2% |
| Other operating charges | 640/8 | €2,738 | €2,287 | -€450 | -16.5% |
| Non-recurring operating charges | 66A | €2,070 | €1,142 | -€929 | -44.9% |
| Gross operating margin | 9900 | €471,300 | €457,760 | -€13,540 | -2.9% |
| Operating profit (loss) | 9901 | €47,941 | €29,472 | -€18,469 | -38.5% |
| Financial income | 75/76B | €4,100 | €6,819 | +€2,719 | +66.3% |
| Recurring financial income | 75 | €4,100 | €6,819 | +€2,719 | +66.3% |
| Financial charges | 65/66B | €13,445 | €15,971 | +€2,527 | +18.8% |
| Recurring financial charges | 65 | €13,445 | €15,971 | +€2,527 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €38,596 | €20,319 | -€18,276 | -47.4% |
| Income taxes | 67/77 | €5,782 | €1,833 | -€3,949 | -68.3% |
| Profit (loss) for the period | 9904 | €32,814 | €18,486 | -€14,328 | -43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,814 | €18,486 | -€14,328 | -43.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.