G - PLUS: 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 - PLUS
Largest movements
- Tangible fixed assets -€371,830
down €371,830 (-97.6%), from €380,926 to €9,095
of which Land and buildings: -€307,301
- Cash +€274,328
up €274,328 (+140.9%), from €194,721 to €469,049
mainly Investment in fixed assets (net) (+€371,276) and Net result for the year (+€264,423)
- Receivables within one year -€126,991
down €126,991 (-16.7%), from €759,117 to €632,126
of which Other amounts receivable: -€145,075
- Stocks and contracts +€92,477
up €92,477 (+23.4%), from €395,743 to €488,220
- Current investments -€41,826
down €41,826 (-100.0%), from €41,826 to €0
- Debts after one year -€286,899
down €286,899 (-91.1%), from €314,920 to €28,021
- Reserves +€264,423
up €264,423 (+28.4%), from €930,738 to €1.2m
of which Distributable reserves: +€186,538
- Other debts -€214,925
down €214,925 (-100.0%), from €214,925 to €0
- Trade debts +€61,518
up €61,518 (+33.7%), from €182,768 to €244,287
of which Suppliers: +€61,518
- Gross operating margin -€176,100
down €176,100 (-19.8%), from €889,310 to €713,210
- Financial charges -€171,396
down €171,396 (-60.9%), from €281,261 to €109,864
- Depreciation -€51,564
down €51,564 (-95.2%), from €54,142 to €2,578
- Taxes -€36,965
down €36,965 (-22.7%), from €162,892 to €125,927
- Write-downs +€26,150
up €26,150, from -€26,150 to €0
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.
Cash bridge derived
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 | €1,784,388 | €1,608,946 | -€175,442 | -9.8% |
| Fixed assets | 21/28 | €382,949 | €9,095 | -€373,854 | -97.6% |
| Tangible fixed assets | 22/27 | €380,926 | €9,095 | -€371,830 | -97.6% |
| Land and buildings | 22 | €307,301 | €0 | -€307,301 | -100.0% |
| Plant, machinery and equipment | 23 | €6,956 | €5,834 | -€1,122 | -16.1% |
| Furniture and vehicles | 24 | €66,669 | €3,262 | -€63,407 | -95.1% |
| Financial fixed assets | 28 | €2,024 | €0 | -€2,024 | -100.0% |
| Current assets | 29/58 | €1,401,438 | €1,599,850 | +€198,412 | +14.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €395,743 | €488,220 | +€92,477 | +23.4% |
| Stocks | 30/36 | €395,743 | €488,220 | +€92,477 | +23.4% |
| Amounts receivable within one year | 40/41 | €759,117 | €632,126 | -€126,991 | -16.7% |
| Trade receivables | 40 | €594,534 | €612,618 | +€18,085 | +3.0% |
| Other amounts receivable | 41 | €164,583 | €19,507 | -€145,075 | -88.1% |
| Current investments | 50/53 | €41,826 | €0 | -€41,826 | -100.0% |
| Cash at bank and in hand | 54/58 | €194,721 | €469,049 | +€274,328 | +140.9% |
| Deferred charges and accrued income | 490/1 | €10,031 | €10,454 | +€423 | +4.2% |
| Total equity and liabilities | 10/49 | €1,784,388 | €1,608,946 | -€175,442 | -9.8% |
| Equity | 10/15 | €873,025 | €1,137,448 | +€264,423 | +30.3% |
| Contributions | 10/11 | €61,875 | €61,875 | = | 0.0% |
| Reserves | 13 | €930,738 | €1,195,160 | +€264,423 | +28.4% |
| Tax-exempt reserves | 132 | €582,615 | €660,500 | +€77,885 | +13.4% |
| Distributable reserves | 133 | €348,123 | €534,660 | +€186,538 | +53.6% |
| Profit (loss) carried forward | 14 | -€119,587 | -€119,587 | = | 0.0% |
| Amounts payable | 17/49 | €911,362 | €471,498 | -€439,865 | -48.3% |
| Amounts payable after more than one year | 17 | €314,920 | €28,021 | -€286,899 | -91.1% |
| Financial debts | 170/4 | €314,920 | €28,021 | -€286,899 | -91.1% |
| Amounts payable within one year | 42/48 | €596,443 | €443,477 | -€152,966 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €113,849 | €115,337 | +€1,488 | +1.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €182,768 | €244,287 | +€61,518 | +33.7% |
| Suppliers | 440/4 | €182,768 | €244,287 | +€61,518 | +33.7% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €84,901 | €83,854 | -€1,048 | -1.2% |
| Taxes | 450/3 | €55,620 | €57,429 | +€1,809 | +3.3% |
| Remuneration and social security | 454/9 | €29,281 | €26,424 | -€2,857 | -9.8% |
| Other amounts payable | 47/48 | €214,925 | €0 | -€214,925 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €201,900 | €182,667 | -€19,233 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,142 | €2,578 | -€51,564 | -95.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€26,150 | €0 | +€26,150 | |
| Other operating charges | 640/8 | €6,179 | €31,123 | +€24,945 | +403.7% |
| Non-recurring operating charges | 66A | €33,459 | €0 | -€33,459 | -100.0% |
| Gross operating margin | 9900 | €889,310 | €713,210 | -€176,100 | -19.8% |
| Operating profit (loss) | 9901 | €619,781 | €496,842 | -€122,939 | -19.8% |
| Financial income | 75/76B | €13,220 | €3,372 | -€9,847 | -74.5% |
| Recurring financial income | 75 | €13,220 | €3,372 | -€9,847 | -74.5% |
| Financial charges | 65/66B | €281,261 | €109,864 | -€171,396 | -60.9% |
| Recurring financial charges | 65 | €281,261 | €109,864 | -€171,396 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | €351,740 | €390,350 | +€38,610 | +11.0% |
| Income taxes | 67/77 | €162,892 | €125,927 | -€36,965 | -22.7% |
| Profit (loss) for the period | 9904 | €188,848 | €264,423 | +€75,575 | +40.0% |
| Transfer to tax-exempt reserves | 689 | €90,515 | €77,885 | -€12,630 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €98,333 | €186,538 | +€88,205 | +89.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.