G-PAINT: 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-PAINT
Largest movements
- Receivables within one year -€16,812
down €16,812 (-30.1%), from €55,919 to €39,107
of which Trade receivables: -€15,094
- Tangible fixed assets -€13,956
down €13,956 (-27.9%), from €50,045 to €36,090
of which Furniture and vehicles: -€13,585
- Deferred charges and accrued income -€3,853
no longer reported in 2025 (was €3,853)
- Profit (loss) carried forward -€23,015
down €23,015 (-58.2%), from €39,565 to €16,550
- Debts after one year -€8,694
down €8,694 (-79.4%), from €10,947 to €2,253
- Trade debts -€6,281
down €6,281 (-90.7%), from €6,922 to €641
- Short-term financial debts +€2,972
up €2,972 (+385,930%), from €1 to €2,972
- Other debts +€2,364
up €2,364 (+5.8%), from €40,416 to €42,779
- Gross operating margin -€39,524
down €39,524, from €39,231 to -€293
- Financial charges -€13,978
down €13,978 (-67.0%), from €20,849 to €6,872
of which Non-recurring financial charges: -€15,386
- Depreciation +€5,726
up €5,726 (+58.5%), from €9,792 to €15,518
- Taxes -€5,235
no longer reported in 2025 (was €5,235)
- Other operating charges -€2,248
down €2,248 (-85.8%), from €2,619 to €372
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,642 | €85,022 | -€34,621 | -28.9% |
| Fixed assets | 21/28 | €50,045 | €36,090 | -€13,956 | -27.9% |
| Tangible fixed assets | 22/27 | €50,045 | €36,090 | -€13,956 | -27.9% |
| Plant, machinery and equipment | 23 | €3,395 | €3,025 | -€370 | -10.9% |
| Furniture and vehicles | 24 | €46,650 | €33,065 | -€13,585 | -29.1% |
| Current assets | 29/58 | €69,597 | €48,932 | -€20,665 | -29.7% |
| Stocks and contracts in progress | 3 | €9,826 | €9,826 | = | 0.0% |
| Stocks | 30/36 | €9,826 | €9,826 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €55,919 | €39,107 | -€16,812 | -30.1% |
| Trade receivables | 40 | €52,023 | €36,929 | -€15,094 | -29.0% |
| Other amounts receivable | 41 | €3,896 | €2,177 | -€1,718 | -44.1% |
| Deferred charges and accrued income | 490/1 | €3,853 | - | -€3,853 | |
| Total equity and liabilities | 10/49 | €119,642 | €85,022 | -€34,621 | -28.9% |
| Equity | 10/15 | €40,765 | €17,750 | -€23,015 | -56.5% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,565 | €16,550 | -€23,015 | -58.2% |
| Amounts payable | 17/49 | €78,877 | €67,272 | -€11,606 | -14.7% |
| Amounts payable after more than one year | 17 | €10,947 | €2,253 | -€8,694 | -79.4% |
| Financial debts | 170/4 | €10,947 | €2,253 | -€8,694 | -79.4% |
| Amounts payable within one year | 42/48 | €67,930 | €64,879 | -€3,051 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €8,204 | €7,980 | -€225 | -2.7% |
| Financial debts | 43 | €1 | €2,972 | +€2,972 | +385,930% |
| Credit institutions | 430/8 | €1 | €2,972 | +€2,972 | +385,930% |
| Trade debts | 44 | €6,922 | €641 | -€6,281 | -90.7% |
| Suppliers | 440/4 | €6,922 | €641 | -€6,281 | -90.7% |
| Taxes, remuneration and social security | 45 | €12,388 | €10,507 | -€1,881 | -15.2% |
| Taxes | 450/3 | €8,588 | €4,807 | -€3,781 | -44.0% |
| Remuneration and social security | 454/9 | €3,800 | €5,700 | +€1,900 | +50.0% |
| Other amounts payable | 47/48 | €40,416 | €42,779 | +€2,364 | +5.8% |
| Accrued charges and deferred income | 492/3 | - | €139 | +€139 | |
| Remuneration, social security and pensions | 62 | €407 | - | -€407 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,792 | €15,518 | +€5,726 | +58.5% |
| Other operating charges | 640/8 | €2,619 | €372 | -€2,248 | -85.8% |
| Gross operating margin | 9900 | €39,231 | -€293 | -€39,524 | |
| Operating profit (loss) | 9901 | €26,413 | -€16,183 | -€42,596 | |
| Financial income | 75/76B | €11 | €40 | +€29 | +260% |
| Recurring financial income | 75 | €11 | €40 | +€29 | +260% |
| Financial charges | 65/66B | €20,849 | €6,872 | -€13,978 | -67.0% |
| Recurring financial charges | 65 | €5,463 | €6,872 | +€1,409 | +25.8% |
| Non-recurring financial charges | 66B | €15,386 | - | -€15,386 | |
| Profit (loss) for the period before taxes | 9903 | €5,574 | -€23,015 | -€28,589 | |
| Income taxes | 67/77 | €5,235 | - | -€5,235 | |
| Profit (loss) for the period | 9904 | €339 | -€23,015 | -€23,354 | |
| Profit (loss) for the period to be appropriated | 9905 | €339 | -€23,015 | -€23,354 |
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 20 October 2026 via checked.be.