G.N.S.: 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.S.
Largest movements
- Tangible fixed assets +€456,370
up €456,370 (+86.3%), from €528,917 to €985,287
of which Land and buildings: +€456,524
- Cash +€130,239
up €130,239 (+22.7%), from €574,218 to €704,457
mainly Debts after one year (+€530,000) and Depreciation (+€39,001)
- Debts after one year +€530,000
new in 2025: €530,000
- Accrued charges and deferred income +€21,513
up €21,513 (+325%), from €6,620 to €28,132
- Staff costs -€58,095
down €58,095 (-99.9%), from €58,177 to €81
- Gross operating margin -€18,742
down €18,742 (-17.6%), from €106,438 to €87,696
- Financial charges +€17,780
up €17,780 (+4,940%), from €360 to €18,140
- Other operating charges +€7,568
up €7,568 (+65.5%), from €11,552 to €19,121
- Depreciation +€7,332
up €7,332 (+23.2%), from €31,669 to €39,001
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 | €1,127,736 | €1,705,637 | +€577,901 | +51.2% |
| Fixed assets | 21/28 | €528,917 | €985,287 | +€456,370 | +86.3% |
| Tangible fixed assets | 22/27 | €528,917 | €985,287 | +€456,370 | +86.3% |
| Land and buildings | 22 | €528,618 | €985,142 | +€456,524 | +86.4% |
| Furniture and vehicles | 24 | €299 | €145 | -€154 | -51.5% |
| Current assets | 29/58 | €598,819 | €720,350 | +€121,531 | +20.3% |
| Amounts receivable within one year | 40/41 | €19,172 | €9,779 | -€9,393 | -49.0% |
| Trade receivables | 40 | €9,361 | €4,610 | -€4,751 | -50.8% |
| Other amounts receivable | 41 | €9,811 | €5,169 | -€4,642 | -47.3% |
| Cash at bank and in hand | 54/58 | €574,218 | €704,457 | +€130,239 | +22.7% |
| Deferred charges and accrued income | 490/1 | €5,430 | €6,114 | +€685 | +12.6% |
| Total equity and liabilities | 10/49 | €1,127,736 | €1,705,637 | +€577,901 | +51.2% |
| Equity | 10/15 | €979,803 | €987,411 | +€7,608 | +0.8% |
| Contributions | 10/11 | €87,383 | €87,383 | = | 0.0% |
| Reserves | 13 | €892,420 | €900,029 | +€7,608 | +0.9% |
| Tax-exempt reserves | 132 | €252,166 | €248,879 | -€3,287 | -1.3% |
| Distributable reserves | 133 | €640,254 | €651,150 | +€10,895 | +1.7% |
| Provisions and deferred taxes | 16 | €78,161 | €77,065 | -€1,096 | -1.4% |
| Deferred taxes | 168 | €78,161 | €77,065 | -€1,096 | -1.4% |
| Amounts payable | 17/49 | €69,772 | €641,161 | +€571,389 | +819% |
| Amounts payable after more than one year | 17 | - | €530,000 | +€530,000 | |
| Financial debts | 170/4 | - | €530,000 | +€530,000 | |
| Amounts payable within one year | 42/48 | €63,153 | €83,029 | +€19,876 | +31.5% |
| Trade debts | 44 | €12,778 | €25,620 | +€12,842 | +101% |
| Suppliers | 440/4 | €12,778 | €25,620 | +€12,842 | +101% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €50,375 | €57,409 | +€7,034 | +14.0% |
| Accrued charges and deferred income | 492/3 | €6,620 | €28,132 | +€21,513 | +325% |
| Non-recurring operating income | 76A | - | €3,201 | +€3,201 | |
| Remuneration, social security and pensions | 62 | €58,177 | €81 | -€58,095 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,669 | €39,001 | +€7,332 | +23.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €11,552 | €19,121 | +€7,568 | +65.5% |
| Gross operating margin | 9900 | €106,438 | €87,696 | -€18,742 | -17.6% |
| Operating profit (loss) | 9901 | €5,040 | €29,494 | +€24,453 | +485% |
| Financial income | 75/76B | €525 | €1,129 | +€604 | +115% |
| Recurring financial income | 75 | €525 | €1,129 | +€604 | +115% |
| Financial charges | 65/66B | €360 | €18,140 | +€17,780 | +4,940% |
| Recurring financial charges | 65 | €360 | €18,140 | +€17,780 | +4,940% |
| Profit (loss) for the period before taxes | 9903 | €5,205 | €12,482 | +€7,277 | +140% |
| Transfer from deferred taxes | 780 | - | €1,096 | +€1,096 | |
| Income taxes | 67/77 | €3,299 | €5,970 | +€2,670 | +80.9% |
| Profit (loss) for the period | 9904 | €1,906 | €7,608 | +€5,702 | +299% |
| Transfer from tax-exempt reserves | 789 | - | €3,287 | +€3,287 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,906 | €10,895 | +€8,989 | +472% |
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.