G&O Team: 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&O Team
Largest movements
- Cash -€15,386
down €15,386 (-24.8%), from €61,978 to €46,592
mainly Other debts (-€11,291) and Investment in fixed assets (net) (-€8,590)
- Tangible fixed assets +€5,044
up €5,044 (+114%), from €4,427 to €9,471
- Receivables within one year +€4,478
up €4,478 (+29.4%), from €15,216 to €19,694
of which Trade receivables: +€3,735
- Other debts -€11,291
down €11,291 (-71.6%), from €15,761 to €4,470
- Profit (loss) carried forward +€8,333
up €8,333 (+26.9%), from €30,924 to €39,257
- Tax, wage and social debts -€2,382
down €2,382 (-13.7%), from €17,366 to €14,984
of which Remuneration and social security: -€3,600
- Gross operating margin +€5,059
up €5,059 (+43.5%), from €11,642 to €16,701
- Depreciation +€1,541
up €1,541 (+76.9%), from €2,005 to €3,546
- Other operating charges +€982
up €982 (+110%), from €893 to €1,875
- Financial charges -€469
down €469 (-52.5%), from €894 to €425
- Taxes +€434
up €434 (+20.8%), from €2,089 to €2,523
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 | €122,174 | €116,361 | -€5,813 | -4.8% |
| Fixed assets | 21/28 | €43,196 | €48,240 | +€5,044 | +11.7% |
| Tangible fixed assets | 22/27 | €4,427 | €9,471 | +€5,044 | +114% |
| Furniture and vehicles | 24 | €4,427 | €9,471 | +€5,044 | +114% |
| Financial fixed assets | 28 | €38,769 | €38,769 | = | 0.0% |
| Current assets | 29/58 | €78,978 | €68,121 | -€10,857 | -13.7% |
| Amounts receivable within one year | 40/41 | €15,216 | €19,694 | +€4,478 | +29.4% |
| Trade receivables | 40 | €12,959 | €16,694 | +€3,735 | +28.8% |
| Other amounts receivable | 41 | €2,257 | €3,000 | +€743 | +32.9% |
| Cash at bank and in hand | 54/58 | €61,978 | €46,592 | -€15,386 | -24.8% |
| Deferred charges and accrued income | 490/1 | €1,784 | €1,835 | +€51 | +2.9% |
| Total equity and liabilities | 10/49 | €122,174 | €116,361 | -€5,813 | -4.8% |
| Equity | 10/15 | €88,184 | €96,517 | +€8,333 | +9.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €44,860 | €44,860 | = | 0.0% |
| Distributable reserves | 133 | €44,860 | €44,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,924 | €39,257 | +€8,333 | +26.9% |
| Amounts payable | 17/49 | €33,990 | €19,844 | -€14,146 | -41.6% |
| Amounts payable within one year | 42/48 | €33,990 | €19,768 | -€14,222 | -41.8% |
| Trade debts | 44 | €863 | €314 | -€549 | -63.6% |
| Suppliers | 440/4 | €863 | €314 | -€549 | -63.6% |
| Taxes, remuneration and social security | 45 | €17,366 | €14,984 | -€2,382 | -13.7% |
| Taxes | 450/3 | €13,766 | €14,984 | +€1,218 | +8.8% |
| Remuneration and social security | 454/9 | €3,600 | - | -€3,600 | |
| Other amounts payable | 47/48 | €15,761 | €4,470 | -€11,291 | -71.6% |
| Accrued charges and deferred income | 492/3 | - | €76 | +€76 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,005 | €3,546 | +€1,541 | +76.9% |
| Other operating charges | 640/8 | €893 | €1,875 | +€982 | +110% |
| Gross operating margin | 9900 | €11,642 | €16,701 | +€5,059 | +43.5% |
| Operating profit (loss) | 9901 | €8,744 | €11,280 | +€2,536 | +29.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €894 | €425 | -€469 | -52.5% |
| Recurring financial charges | 65 | €894 | €425 | -€469 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €7,850 | €10,856 | +€3,006 | +38.3% |
| Income taxes | 67/77 | €2,089 | €2,523 | +€434 | +20.8% |
| Profit (loss) for the period | 9904 | €5,761 | €8,333 | +€2,572 | +44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,761 | €8,333 | +€2,572 | +44.6% |
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 30 October 2026 via checked.be.