G-SHARP: 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-SHARP
Largest movements
- Receivables within one year +€27,174
up €27,174 (+68.3%), from €39,809 to €66,983
of which Trade receivables: +€27,174
- Cash +€5,186
up €5,186 (+13.0%), from €39,814 to €45,001
mainly Net result for the year (+€35,353) and Tax, wage and social debts (+€7,943)
- Tangible fixed assets +€4,310
new in 2025: €4,310
- Reserves +€35,353
up €35,353 (+107%), from €33,089 to €68,443
- Tax, wage and social debts +€7,943
up €7,943 (+98.6%), from €8,059 to €16,002
of which Taxes: +€5,990
- Other debts -€5,965
no longer reported in 2025 (was €5,965)
- Gross operating margin +€34,880
up €34,880 (+149%), from €23,335 to €58,215
- Taxes +€9,114
up €9,114 (+127%), from €7,183 to €16,297
- Staff costs +€1,583
up €1,583 (+68.7%), from €2,304 to €3,887
- Depreciation +€672
up €672 (+247%), from €272 to €944
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 | €84,466 | €120,514 | +€36,048 | +42.7% |
| Fixed assets | 21/28 | - | €4,310 | +€4,310 | |
| Tangible fixed assets | 22/27 | - | €4,310 | +€4,310 | |
| Furniture and vehicles | 24 | - | €4,310 | +€4,310 | |
| Current assets | 29/58 | €84,466 | €116,204 | +€31,738 | +37.6% |
| Amounts receivable within one year | 40/41 | €39,809 | €66,983 | +€27,174 | +68.3% |
| Trade receivables | 40 | €38,921 | €66,095 | +€27,174 | +69.8% |
| Other amounts receivable | 41 | €888 | €888 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,814 | €45,001 | +€5,186 | +13.0% |
| Deferred charges and accrued income | 490/1 | €4,843 | €4,220 | -€623 | -12.9% |
| Total equity and liabilities | 10/49 | €84,466 | €120,514 | +€36,048 | +42.7% |
| Equity | 10/15 | €65,278 | €100,632 | +€35,353 | +54.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,089 | €68,443 | +€35,353 | +107% |
| Distributable reserves | 133 | €33,089 | €68,443 | +€35,353 | +107% |
| Profit (loss) carried forward | 14 | €25,989 | €25,989 | = | 0.0% |
| Amounts payable | 17/49 | €19,188 | €19,882 | +€694 | +3.6% |
| Amounts payable within one year | 42/48 | €18,488 | €19,882 | +€1,394 | +7.5% |
| Trade debts | 44 | €4,464 | €3,880 | -€583 | -13.1% |
| Suppliers | 440/4 | €4,464 | €3,880 | -€583 | -13.1% |
| Taxes, remuneration and social security | 45 | €8,059 | €16,002 | +€7,943 | +98.6% |
| Taxes | 450/3 | €4,511 | €10,501 | +€5,990 | +133% |
| Remuneration and social security | 454/9 | €3,548 | €5,501 | +€1,953 | +55.0% |
| Other amounts payable | 47/48 | €5,965 | - | -€5,965 | |
| Accrued charges and deferred income | 492/3 | €700 | - | -€700 | |
| Remuneration, social security and pensions | 62 | €2,304 | €3,887 | +€1,583 | +68.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272 | €944 | +€672 | +247% |
| Other operating charges | 640/8 | €2,057 | €1,601 | -€456 | -22.2% |
| Gross operating margin | 9900 | €23,335 | €58,215 | +€34,880 | +149% |
| Operating profit (loss) | 9901 | €18,701 | €51,782 | +€33,081 | +177% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €185 | €132 | -€53 | -28.8% |
| Recurring financial charges | 65 | €185 | €132 | -€53 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €18,525 | €51,650 | +€33,125 | +179% |
| Income taxes | 67/77 | €7,183 | €16,297 | +€9,114 | +127% |
| Profit (loss) for the period | 9904 | €11,342 | €35,353 | +€24,012 | +212% |
| Profit (loss) for the period to be appropriated | 9905 | €11,342 | €35,353 | +€24,012 | +212% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.