G.SOFT: what changed
Two fiscal 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.SOFT
Largest movements
- Tangible fixed assets +€230,843
up €230,843 (+234.0%), from €98,654 to €329,497
of which Land and buildings: +€232,424
- Receivables after one year +€55,695
up €55,695 (+35.9%), from €155,264 to €210,959
- Receivables within one year -€35,486
down €35,486 (-43.1%), from €82,252 to €46,766
of which Trade receivables: -€44,054
- Cash -€24,999
down €24,999 (-40.2%), from €62,108 to €37,110
mainly Investment in fixed assets (net) (-€240,800) and Receivables after one year (-€55,695)
- Debts after one year +€194,728
new in 2025: €194,728
- Reserves +€27,033
up €27,033 (+9.4%), from €286,311 to €313,343
of which Distributable reserves: +€27,033
- Current portion of long-term debt +€11,230
new in 2025: €11,230
- Tax, wage and social debts -€6,761
down €6,761 (-30.9%), from €21,915 to €15,154
- Gross operating margin -€20,745
down €20,745 (-26.9%), from €77,157 to €56,413
- Financial charges +€9,680
up €9,680 (+475.4%), from €2,036 to €11,717
- Taxes -€9,406
down €9,406 (-46.4%), from €20,271 to €10,865
- Depreciation +€3,364
up €3,364 (+51.0%), from €6,593 to €9,957
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 | €423,282 | €650,056 | +€226,774 | +53.6% |
| Fixed assets | 21/28 | €98,654 | €329,497 | +€230,843 | +234.0% |
| Tangible fixed assets | 22/27 | €98,654 | €329,497 | +€230,843 | +234.0% |
| Land and buildings | 22 | €92,150 | €324,574 | +€232,424 | +252.2% |
| Plant, machinery and equipment | 23 | €5,726 | €4,923 | -€803 | -14.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €778 | €0 | -€778 | -100.0% |
| Current assets | 29/58 | €324,628 | €320,559 | -€4,069 | -1.3% |
| Amounts receivable after more than one year | 29 | €155,264 | €210,959 | +€55,695 | +35.9% |
| Other amounts receivable | 291 | €155,264 | €210,959 | +€55,695 | +35.9% |
| Amounts receivable within one year | 40/41 | €82,252 | €46,766 | -€35,486 | -43.1% |
| Trade receivables | 40 | €60,246 | €16,192 | -€44,054 | -73.1% |
| Other amounts receivable | 41 | €22,006 | €30,574 | +€8,568 | +38.9% |
| Current investments | 50/53 | €22,200 | €22,200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €62,108 | €37,110 | -€24,999 | -40.2% |
| Deferred charges and accrued income | 490/1 | €2,804 | €3,524 | +€720 | +25.7% |
| Total equity and liabilities | 10/49 | €423,282 | €650,056 | +€226,774 | +53.6% |
| Equity | 10/15 | €400,145 | €427,178 | +€27,033 | +6.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €286,311 | €313,343 | +€27,033 | +9.4% |
| Non-distributable reserves | 130/1 | €22,200 | €22,200 | = | 0.0% |
| Own shares acquired | 1312 | €22,200 | €22,200 | = | 0.0% |
| Distributable reserves | 133 | €264,111 | €291,143 | +€27,033 | +10.2% |
| Profit (loss) carried forward | 14 | €101,434 | €101,434 | = | 0.0% |
| Amounts payable | 17/49 | €23,137 | €222,879 | +€199,741 | +863.3% |
| Amounts payable after more than one year | 17 | - | €194,728 | +€194,728 | |
| Financial debts | 170/4 | - | €194,728 | +€194,728 | |
| Amounts payable within one year | 42/48 | €23,137 | €28,150 | +€5,013 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | - | €11,230 | +€11,230 | |
| Trade debts | 44 | €1,223 | €1,767 | +€544 | +44.5% |
| Suppliers | 440/4 | €1,223 | €1,767 | +€544 | +44.5% |
| Taxes, remuneration and social security | 45 | €21,915 | €15,154 | -€6,761 | -30.9% |
| Taxes | 450/3 | €21,915 | €15,154 | -€6,761 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,593 | €9,957 | +€3,364 | +51.0% |
| Other operating charges | 640/8 | €1,338 | €2,007 | +€668 | +49.9% |
| Gross operating margin | 9900 | €77,157 | €56,413 | -€20,745 | -26.9% |
| Operating profit (loss) | 9901 | €69,226 | €44,449 | -€24,777 | -35.8% |
| Financial income | 75/76B | €5,040 | €5,165 | +€126 | +2.5% |
| Recurring financial income | 75 | €5,040 | €5,165 | +€126 | +2.5% |
| Financial charges | 65/66B | €2,036 | €11,717 | +€9,680 | +475.4% |
| Recurring financial charges | 65 | €2,036 | €11,717 | +€9,680 | +475.4% |
| Profit (loss) for the period before taxes | 9903 | €72,229 | €37,898 | -€34,332 | -47.5% |
| Income taxes | 67/77 | €20,271 | €10,865 | -€9,406 | -46.4% |
| Profit (loss) for the period | 9904 | €51,958 | €27,033 | -€24,925 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,958 | €27,033 | -€24,925 | -48.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.