G-Seven: 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-Seven
Largest movements
- Stocks and contracts +€41,302
up €41,302 (+4.0%), from €1.0m to €1.1m
- Tangible fixed assets +€28,269
up €28,269 (+634%), from €4,459 to €32,728
of which Furniture and vehicles: +€21,127
- Receivables within one year -€15,390
down €15,390 (-47.7%), from €32,247 to €16,857
of which Other amounts receivable: -€13,478
- Deferred charges and accrued income +€12,315
new in 2025: €12,315
- Debts after one year +€242,745
up €242,745 (+33.4%), from €727,125 to €969,870
- Tax, wage and social debts -€78,397
down €78,397 (-64.4%), from €121,782 to €43,384
of which Taxes: -€56,483
- Trade debts -€70,553
down €70,553 (-40.5%), from €174,193 to €103,641
- Other debts -€37,221
no longer reported in 2025 (was €37,221)
- Gross operating margin +€156,705
up €156,705 (+190%), from €82,263 to €238,968
- Financial income -€8,085
down €8,085 (-59.5%), from €13,589 to €5,503
- Staff costs -€7,973
down €7,973 (-3.5%), from €228,815 to €220,842
- Depreciation +€3,767
up €3,767 (+61.1%), from €6,160 to €9,927
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 | €1,095,675 | €1,154,951 | +€59,276 | +5.4% |
| Fixed assets | 21/28 | €22,042 | €45,311 | +€23,269 | +106% |
| Intangible fixed assets | 21 | €17,083 | €12,083 | -€5,000 | -29.3% |
| Tangible fixed assets | 22/27 | €4,459 | €32,728 | +€28,269 | +634% |
| Plant, machinery and equipment | 23 | €1,042 | €3,114 | +€2,072 | +199% |
| Furniture and vehicles | 24 | - | €21,127 | +€21,127 | |
| Other tangible fixed assets | 26 | €3,417 | €8,486 | +€5,069 | +148% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,073,633 | €1,109,640 | +€36,007 | +3.4% |
| Stocks and contracts in progress | 3 | €1,037,023 | €1,078,325 | +€41,302 | +4.0% |
| Stocks | 30/36 | €1,037,023 | €1,078,325 | +€41,302 | +4.0% |
| Amounts receivable within one year | 40/41 | €32,247 | €16,857 | -€15,390 | -47.7% |
| Trade receivables | 40 | €5,769 | €3,857 | -€1,912 | -33.1% |
| Other amounts receivable | 41 | €26,478 | €13,000 | -€13,478 | -50.9% |
| Cash at bank and in hand | 54/58 | €4,363 | €2,144 | -€2,220 | -50.9% |
| Deferred charges and accrued income | 490/1 | - | €12,315 | +€12,315 | |
| Total equity and liabilities | 10/49 | €1,095,675 | €1,154,951 | +€59,276 | +5.4% |
| Equity | 10/15 | €35,354 | €38,056 | +€2,702 | +7.6% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€964,646 | -€961,944 | +€2,702 | +0.3% |
| Amounts payable | 17/49 | €1,060,321 | €1,116,895 | +€56,574 | +5.3% |
| Amounts payable after more than one year | 17 | €727,125 | €969,870 | +€242,745 | +33.4% |
| Financial debts | 170/4 | €727,125 | €969,870 | +€242,745 | +33.4% |
| Amounts payable within one year | 42/48 | €333,197 | €147,025 | -€186,171 | -55.9% |
| Trade debts | 44 | €174,193 | €103,641 | -€70,553 | -40.5% |
| Suppliers | 440/4 | €174,193 | €103,641 | -€70,553 | -40.5% |
| Taxes, remuneration and social security | 45 | €121,782 | €43,384 | -€78,397 | -64.4% |
| Taxes | 450/3 | €76,153 | €19,670 | -€56,483 | -74.2% |
| Remuneration and social security | 454/9 | €45,628 | €23,714 | -€21,914 | -48.0% |
| Other amounts payable | 47/48 | €37,221 | - | -€37,221 | |
| Remuneration, social security and pensions | 62 | €228,815 | €220,842 | -€7,973 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,160 | €9,927 | +€3,767 | +61.1% |
| Other operating charges | 640/8 | €3,389 | €2,965 | -€424 | -12.5% |
| Non-recurring operating charges | 66A | €47,201 | - | -€47,201 | |
| Gross operating margin | 9900 | €82,263 | €238,968 | +€156,705 | +190% |
| Operating profit (loss) | 9901 | -€203,302 | €5,235 | +€208,537 | |
| Financial income | 75/76B | €13,589 | €5,503 | -€8,085 | -59.5% |
| Recurring financial income | 75 | €13,589 | €5,503 | -€8,085 | -59.5% |
| Financial charges | 65/66B | €5,790 | €8,036 | +€2,246 | +38.8% |
| Recurring financial charges | 65 | €5,790 | €8,036 | +€2,246 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | -€195,503 | €2,702 | +€198,205 | |
| Income taxes | 67/77 | €331 | - | -€331 | |
| Profit (loss) for the period | 9904 | -€195,833 | €2,702 | +€198,536 | |
| Profit (loss) for the period to be appropriated | 9905 | -€195,833 | €2,702 | +€198,536 |
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 21 October 2026 via checked.be.