G & S technics: 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 & S technics
Largest movements
- Cash -€71,276
down €71,276 (-94.5%), from €75,394 to €4,119
mainly Current investments (-€50,000) and Contributions, distributions and other (-€36,842)
- Current investments +€50,000
new in 2025: €50,000
- Deferred charges and accrued income -€25,889
down €25,889 (-80.7%), from €32,080 to €6,191
- Stocks and contracts -€21,131
down €21,131 (-100%), from €21,131 to €0
- Tangible fixed assets -€17,474
down €17,474 (-7.9%), from €221,053 to €203,579
of which Leasing and similar rights: -€13,068
- Reserves -€36,842
down €36,842 (-14.4%), from €256,099 to €219,257
of which Distributable reserves: -€36,842
- Profit (loss) carried forward -€25,178
new in 2025: -€25,178
- Debts after one year -€18,659
down €18,659 (-10.3%), from €180,904 to €162,246
- Trade debts -€7,072
down €7,072 (-42.8%), from €16,511 to €9,440
- Advances received +€5,102
new in 2025: €5,102
- Gross operating margin -€39,178
down €39,178 (-46.8%), from €83,746 to €44,568
- Staff costs +€17,422
up €17,422 (+137%), from €12,673 to €30,095
- Financial income -€13,556
down €13,556 (-100.0%), from €13,560 to €4
- Taxes -€12,019
down €12,019 (-100%), from €12,019 to €0
- Depreciation +€6,098
up €6,098 (+23.1%), from €26,444 to €32,542
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 | €493,677 | €412,259 | -€81,418 | -16.5% |
| Fixed assets | 21/28 | €222,819 | €205,139 | -€17,679 | -7.9% |
| Intangible fixed assets | 21 | €206 | €0 | -€206 | -100% |
| Tangible fixed assets | 22/27 | €221,053 | €203,579 | -€17,474 | -7.9% |
| Land and buildings | 22 | €142,845 | €133,266 | -€9,579 | -6.7% |
| Plant, machinery and equipment | 23 | €7,080 | €8,020 | +€940 | +13.3% |
| Furniture and vehicles | 24 | €16,763 | €20,997 | +€4,233 | +25.3% |
| Leasing and similar rights | 25 | €54,364 | €41,296 | -€13,068 | -24.0% |
| Financial fixed assets | 28 | €1,560 | €1,560 | = | 0.0% |
| Current assets | 29/58 | €270,858 | €207,119 | -€63,739 | -23.5% |
| Stocks and contracts in progress | 3 | €21,131 | €0 | -€21,131 | -100% |
| Stocks | 30/36 | €21,131 | €0 | -€21,131 | -100% |
| Amounts receivable within one year | 40/41 | €142,252 | €146,809 | +€4,557 | +3.2% |
| Trade receivables | 40 | €98,890 | €117,020 | +€18,130 | +18.3% |
| Other amounts receivable | 41 | €43,362 | €29,789 | -€13,573 | -31.3% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €75,394 | €4,119 | -€71,276 | -94.5% |
| Deferred charges and accrued income | 490/1 | €32,080 | €6,191 | -€25,889 | -80.7% |
| Total equity and liabilities | 10/49 | €493,677 | €412,259 | -€81,418 | -16.5% |
| Equity | 10/15 | €262,299 | €200,279 | -€62,020 | -23.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €256,099 | €219,257 | -€36,842 | -14.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,219 | €14,219 | = | 0.0% |
| Distributable reserves | 133 | €240,020 | €203,178 | -€36,842 | -15.3% |
| Profit (loss) carried forward | 14 | - | -€25,178 | -€25,178 | |
| Amounts payable | 17/49 | €231,378 | €211,980 | -€19,399 | -8.4% |
| Amounts payable after more than one year | 17 | €180,904 | €162,246 | -€18,659 | -10.3% |
| Financial debts | 170/4 | €180,904 | €162,246 | -€18,659 | -10.3% |
| Amounts payable within one year | 42/48 | €50,474 | €49,734 | -€740 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €20,754 | €18,659 | -€2,095 | -10.1% |
| Trade debts | 44 | €16,511 | €9,440 | -€7,072 | -42.8% |
| Suppliers | 440/4 | €16,511 | €9,440 | -€7,072 | -42.8% |
| Advances received on contracts in progress | 46 | - | €5,102 | +€5,102 | |
| Taxes, remuneration and social security | 45 | €13,208 | €15,682 | +€2,474 | +18.7% |
| Taxes | 450/3 | €13,174 | €11,560 | -€1,614 | -12.3% |
| Remuneration and social security | 454/9 | €35 | €4,123 | +€4,088 | +11,843% |
| Other amounts payable | 47/48 | - | €851 | +€851 | |
| Remuneration, social security and pensions | 62 | €12,673 | €30,095 | +€17,422 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,444 | €32,542 | +€6,098 | +23.1% |
| Other operating charges | 640/8 | €1,232 | €1,804 | +€572 | +46.4% |
| Gross operating margin | 9900 | €83,746 | €44,568 | -€39,178 | -46.8% |
| Operating profit (loss) | 9901 | €43,397 | -€19,874 | -€63,270 | |
| Financial income | 75/76B | €13,560 | €4 | -€13,556 | -100.0% |
| Recurring financial income | 75 | €13,560 | €4 | -€13,556 | -100.0% |
| Financial charges | 65/66B | €4,236 | €5,308 | +€1,073 | +25.3% |
| Recurring financial charges | 65 | €4,236 | €5,308 | +€1,073 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | €52,721 | -€25,178 | -€77,899 | |
| Income taxes | 67/77 | €12,019 | €0 | -€12,019 | -100% |
| Profit (loss) for the period | 9904 | €40,702 | -€25,178 | -€65,880 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,702 | -€25,178 | -€65,880 |
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 16 October 2026 via checked.be.