G&Z: what changed
G&Z
Largest movements
- Receivables within one year +€3,350
up €3,350 (+57.8%), from €5,798 to €9,148
of which Trade receivables: +€5,544
- Tangible fixed assets +€3,345
up €3,345 (+200%), from €1,670 to €5,015
of which Furniture and vehicles: +€3,973
- Cash +€2,410
up €2,410 (+1,339%), from €180 to €2,590
mainly Trade debts (+€14,597) and Other debts (+€6,647)
- Deferred charges and accrued income -€452
down €452 (-40.6%), from €1,113 to €661
- Trade debts +€14,597
up €14,597 (+243%), from €6,017 to €20,614
- Profit (loss) carried forward -€11,974
down €11,974 (-59.5%), from -€20,117 to -€32,090
- Other debts +€6,647
up €6,647 (+109%), from €6,114 to €12,760
- Tax, wage and social debts -€618
down €618 (-21.2%), from €2,909 to €2,292
of which Remuneration and social security: -€2,700
- Gross operating margin +€9,392
up €9,392 (+58.6%), from -€16,026 to -€6,635
- Other operating charges +€702
up €702 (+230%), from €305 to €1,007
- Depreciation +€540
up €540 (+49.9%), from €1,081 to €1,622
- Financial income -€342
down €342 (-88.5%), from €386 to €44
- Financial charges -€331
down €331 (-11.5%), from €2,880 to €2,549
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,761 | €17,413 | +€8,653 | +98.8% |
| Fixed assets | 21/28 | €1,670 | €5,015 | +€3,345 | +200% |
| Tangible fixed assets | 22/27 | €1,670 | €5,015 | +€3,345 | +200% |
| Plant, machinery and equipment | 23 | €646 | €18 | -€628 | -97.2% |
| Furniture and vehicles | 24 | €1,024 | €4,997 | +€3,973 | +388% |
| Current assets | 29/58 | €7,091 | €12,399 | +€5,308 | +74.9% |
| Amounts receivable within one year | 40/41 | €5,798 | €9,148 | +€3,350 | +57.8% |
| Trade receivables | 40 | €3,604 | €9,148 | +€5,544 | +154% |
| Other amounts receivable | 41 | €2,194 | - | -€2,194 | |
| Cash at bank and in hand | 54/58 | €180 | €2,590 | +€2,410 | +1,339% |
| Deferred charges and accrued income | 490/1 | €1,113 | €661 | -€452 | -40.6% |
| Total equity and liabilities | 10/49 | €8,761 | €17,413 | +€8,653 | +98.8% |
| Equity | 10/15 | -€6,279 | -€18,253 | -€11,974 | -191% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €11,338 | €11,338 | = | 0.0% |
| Distributable reserves | 133 | €11,338 | €11,338 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,117 | -€32,090 | -€11,974 | -59.5% |
| Amounts payable | 17/49 | €15,040 | €35,666 | +€20,626 | +137% |
| Amounts payable within one year | 42/48 | €15,040 | €35,666 | +€20,626 | +137% |
| Trade debts | 44 | €6,017 | €20,614 | +€14,597 | +243% |
| Suppliers | 440/4 | €6,017 | €20,614 | +€14,597 | +243% |
| Taxes, remuneration and social security | 45 | €2,909 | €2,292 | -€618 | -21.2% |
| Taxes | 450/3 | €209 | €2,292 | +€2,082 | +995% |
| Remuneration and social security | 454/9 | €2,700 | - | -€2,700 | |
| Other amounts payable | 47/48 | €6,114 | €12,760 | +€6,647 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,081 | €1,622 | +€540 | +49.9% |
| Other operating charges | 640/8 | €305 | €1,007 | +€702 | +230% |
| Gross operating margin | 9900 | -€16,026 | -€6,635 | +€9,392 | +58.6% |
| Operating profit (loss) | 9901 | -€17,413 | -€9,264 | +€8,150 | +46.8% |
| Financial income | 75/76B | €386 | €44 | -€342 | -88.5% |
| Recurring financial income | 75 | €386 | €44 | -€342 | -88.5% |
| Financial charges | 65/66B | €2,880 | €2,549 | -€331 | -11.5% |
| Recurring financial charges | 65 | €2,880 | €2,549 | -€331 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | -€19,907 | -€11,769 | +€8,139 | +40.9% |
| Income taxes | 67/77 | €209 | €205 | -€4 | -2.1% |
| Profit (loss) for the period | 9904 | -€20,117 | -€11,974 | +€8,143 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,117 | -€11,974 | +€8,143 | +40.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.