G-NOT: what changed
G-NOT
Largest movements
- Cash -€344,808
down €344,808 (-84.3%), from €409,139 to €64,331
mainly Contributions, distributions and other (-€259,229) and Current investments (-€200,000)
- Current investments +€200,000
new in 2025: €200,000
- Other debts -€181,464
down €181,464 (-46.3%), from €391,961 to €210,498
- Tax, wage and social debts +€36,250
up €36,250 (+412%), from €8,791 to €45,042
of which Taxes: +€36,229
- Gross operating margin +€67,061
up €67,061 (+24.5%), from €274,187 to €341,248
- Taxes +€17,224
up €17,224 (+27.1%), from €63,635 to €80,859
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €421,822 | €277,516 | -€144,306 | -34.2% |
| Current assets | 29/58 | €421,822 | €277,516 | -€144,306 | -34.2% |
| Amounts receivable within one year | 40/41 | €6,372 | €9,230 | +€2,858 | +44.9% |
| Trade receivables | 40 | - | €9,075 | +€9,075 | |
| Other amounts receivable | 41 | €6,372 | €155 | -€6,217 | -97.6% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €409,139 | €64,331 | -€344,808 | -84.3% |
| Deferred charges and accrued income | 490/1 | €6,311 | €3,955 | -€2,356 | -37.3% |
| Total equity and liabilities | 10/49 | €421,822 | €277,516 | -€144,306 | -34.2% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €401,362 | €257,056 | -€144,306 | -36.0% |
| Amounts payable within one year | 42/48 | €401,362 | €257,056 | -€144,306 | -36.0% |
| Trade debts | 44 | €609 | €1,516 | +€908 | +149% |
| Suppliers | 440/4 | €609 | €1,516 | +€908 | +149% |
| Taxes, remuneration and social security | 45 | €8,791 | €45,042 | +€36,250 | +412% |
| Taxes | 450/3 | €5,215 | €41,444 | +€36,229 | +695% |
| Remuneration and social security | 454/9 | €3,576 | €3,598 | +€21 | +0.6% |
| Other amounts payable | 47/48 | €391,961 | €210,498 | -€181,464 | -46.3% |
| Other operating charges | 640/8 | €714 | €828 | +€115 | +16.1% |
| Gross operating margin | 9900 | €274,187 | €341,248 | +€67,061 | +24.5% |
| Operating profit (loss) | 9901 | €273,473 | €340,420 | +€66,947 | +24.5% |
| Financial charges | 65/66B | €77 | €332 | +€255 | +334% |
| Recurring financial charges | 65 | €77 | €332 | +€255 | +334% |
| Profit (loss) for the period before taxes | 9903 | €273,397 | €340,088 | +€66,691 | +24.4% |
| Income taxes | 67/77 | €63,635 | €80,859 | +€17,224 | +27.1% |
| Profit (loss) for the period | 9904 | €209,762 | €259,229 | +€49,467 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €209,762 | €259,229 | +€49,467 | +23.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.