G-Paints: 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-Paints
Largest movements
- Receivables within one year -€10,003
down €10,003 (-22.8%), from €43,922 to €33,919
of which Trade receivables: -€9,295
- Cash +€9,659
up €9,659 (+118%), from €8,220 to €17,879
mainly Receivables within one year (+€10,003) and Net result for the year (+€6,641)
- Deferred charges and accrued income -€2,980
down €2,980 (-60.1%), from €4,956 to €1,976
- Trade debts -€9,342
down €9,342 (-43.2%), from €21,600 to €12,259
- Reserves +€6,641
up €6,641 (+19.9%), from €33,299 to €39,940
- Gross operating margin -€7,938
down €7,938 (-29.4%), from €27,000 to €19,062
- Staff costs +€4,353
new in 2025: €4,353
- Taxes -€2,038
down €2,038 (-43.1%), from €4,728 to €2,691
- Financial charges -€1,311
down €1,311 (-29.1%), from €4,503 to €3,192
- Depreciation -€809
down €809 (-35.0%), from €2,310 to €1,501
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 | €59,864 | €57,040 | -€2,825 | -4.7% |
| Fixed assets | 21/28 | €2,767 | €3,266 | +€499 | +18.0% |
| Tangible fixed assets | 22/27 | €2,767 | €3,266 | +€499 | +18.0% |
| Plant, machinery and equipment | 23 | €2,086 | €1,088 | -€998 | -47.9% |
| Furniture and vehicles | 24 | €681 | €178 | -€503 | -73.8% |
| Other tangible fixed assets | 26 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €57,098 | €53,774 | -€3,324 | -5.8% |
| Amounts receivable within one year | 40/41 | €43,922 | €33,919 | -€10,003 | -22.8% |
| Trade receivables | 40 | €37,092 | €27,797 | -€9,295 | -25.1% |
| Other amounts receivable | 41 | €6,830 | €6,122 | -€708 | -10.4% |
| Cash at bank and in hand | 54/58 | €8,220 | €17,879 | +€9,659 | +118% |
| Deferred charges and accrued income | 490/1 | €4,956 | €1,976 | -€2,980 | -60.1% |
| Total equity and liabilities | 10/49 | €59,864 | €57,040 | -€2,825 | -4.7% |
| Equity | 10/15 | €36,299 | €42,940 | +€6,641 | +18.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,299 | €39,940 | +€6,641 | +19.9% |
| Distributable reserves | 133 | €33,299 | €39,940 | +€6,641 | +19.9% |
| Amounts payable | 17/49 | €23,566 | €14,100 | -€9,466 | -40.2% |
| Amounts payable within one year | 42/48 | €23,566 | €14,100 | -€9,466 | -40.2% |
| Trade debts | 44 | €21,600 | €12,259 | -€9,342 | -43.2% |
| Suppliers | 440/4 | €21,600 | €12,259 | -€9,342 | -43.2% |
| Other amounts payable | 47/48 | €1,965 | €1,842 | -€124 | -6.3% |
| Remuneration, social security and pensions | 62 | - | €4,353 | +€4,353 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,310 | €1,501 | -€809 | -35.0% |
| Other operating charges | 640/8 | €562 | €685 | +€123 | +21.8% |
| Gross operating margin | 9900 | €27,000 | €19,062 | -€7,938 | -29.4% |
| Operating profit (loss) | 9901 | €24,128 | €12,523 | -€11,605 | -48.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €4,503 | €3,192 | -€1,311 | -29.1% |
| Recurring financial charges | 65 | €4,503 | €3,192 | -€1,311 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €19,626 | €9,332 | -€10,294 | -52.5% |
| Income taxes | 67/77 | €4,728 | €2,691 | -€2,038 | -43.1% |
| Profit (loss) for the period | 9904 | €14,898 | €6,641 | -€8,257 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,898 | €6,641 | -€8,257 | -55.4% |
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 29 October 2026 via checked.be.