G - WAY: 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 - WAY
Largest movements
- Tangible fixed assets +€14,512
up €14,512 (+296.3%), from €4,898 to €19,410
- Receivables within one year +€12,312
new in 2025: €12,312
- Cash +€3,694
up €3,694 (+82.4%), from €4,480 to €8,174
mainly Net result for the year (+€12,295) and Debts after one year (+€9,100)
- Receivables after one year +€1,081
up €1,081 (+9.9%), from €10,919 to €12,000
of which Other amounts receivable: +€1,588
- Profit (loss) carried forward +€12,295
up €12,295, from -€9,224 to €3,071
- Debts after one year +€9,100
up €9,100, from €0 to €9,100
- Other debts +€7,636
new in 2025: €7,636
- Trade debts +€2,647
up €2,647 (+82.1%), from €3,224 to €5,871
- Tax, wage and social debts +€1,475
new in 2025: €1,475
- Turnover -€106,956
no longer reported in 2025 (was €106,956)
- Purchases and services -€91,339
no longer reported in 2025 (was €91,339)
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 | €20,814 | €52,583 | +€31,769 | +152.6% |
| Fixed assets | 21/28 | €4,939 | €19,451 | +€14,512 | +293.8% |
| Tangible fixed assets | 22/27 | €4,898 | €19,410 | +€14,512 | +296.3% |
| Plant, machinery and equipment | 23 | €4,898 | €19,410 | +€14,512 | +296.3% |
| Financial fixed assets | 28 | €41 | €41 | +€0 | 0.0% |
| Current assets | 29/58 | €15,874 | €33,131 | +€17,257 | +108.7% |
| Amounts receivable after more than one year | 29 | €10,919 | €12,000 | +€1,081 | +9.9% |
| Trade receivables | 290 | €507 | - | -€507 | |
| Other amounts receivable | 291 | €10,412 | €12,000 | +€1,588 | +15.3% |
| Amounts receivable within one year | 40/41 | - | €12,312 | +€12,312 | |
| Trade receivables | 40 | - | €12,312 | +€12,312 | |
| Cash at bank and in hand | 54/58 | €4,480 | €8,174 | +€3,694 | +82.4% |
| Deferred charges and accrued income | 490/1 | €476 | €646 | +€170 | +35.7% |
| Total equity and liabilities | 10/49 | €20,814 | €52,583 | +€31,769 | +152.6% |
| Equity | 10/15 | €11,676 | €23,971 | +€12,295 | +105.3% |
| Contributions | 10/11 | €20,900 | €20,900 | = | 0.0% |
| Capital | 10 | €18,500 | €18,500 | = | 0.0% |
| Issued capital | 100 | €18,500 | €18,500 | = | 0.0% |
| Outside capital | 11 | €2,400 | €2,400 | = | 0.0% |
| Other | 1109/19 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,224 | €3,071 | +€12,295 | |
| Amounts payable | 17/49 | €9,138 | €28,611 | +€19,473 | +213.1% |
| Amounts payable after more than one year | 17 | €0 | €9,100 | +€9,100 | |
| Financial debts | 170/4 | €0 | €9,100 | +€9,100 | |
| Amounts payable within one year | 42/48 | €9,138 | €19,511 | +€10,373 | +113.5% |
| Financial debts | 43 | €5,914 | €4,529 | -€1,385 | -23.4% |
| Credit institutions | 430/8 | €5,914 | €4,529 | -€1,385 | -23.4% |
| Trade debts | 44 | €3,224 | €5,871 | +€2,647 | +82.1% |
| Suppliers | 440/4 | €3,224 | €5,871 | +€2,647 | +82.1% |
| Taxes, remuneration and social security | 45 | - | €1,475 | +€1,475 | |
| Taxes | 450/3 | - | €1,475 | +€1,475 | |
| Other amounts payable | 47/48 | - | €7,636 | +€7,636 | |
| Turnover | 70 | €106,956 | - | -€106,956 | |
| Goods, raw materials, services and sundry goods | 60/61 | €91,339 | - | -€91,339 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60 | €865 | +€805 | +1334.4% |
| Other operating charges | 640/8 | €1,524 | €2,263 | +€739 | +48.5% |
| Gross operating margin | 9900 | €15,617 | €16,410 | +€793 | +5.1% |
| Operating profit (loss) | 9901 | €14,033 | €13,281 | -€751 | -5.4% |
| Financial income | 75/76B | - | €403 | +€403 | |
| Recurring financial income | 75 | - | €403 | +€403 | |
| Non-recurring financial income | 76B | - | €403 | +€403 | |
| Financial charges | 65/66B | €460 | €1,389 | +€928 | +201.7% |
| Recurring financial charges | 65 | €460 | €1,389 | +€928 | +201.7% |
| Profit (loss) for the period before taxes | 9903 | €13,572 | €12,295 | -€1,277 | -9.4% |
| Income taxes | 67/77 | €36 | - | -€36 | |
| Profit (loss) for the period | 9904 | €13,536 | €12,295 | -€1,241 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,536 | €12,295 | -€1,241 | -9.2% |
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 8 October 2026 via checked.be.