G04 SOLUTIONS: 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.
G04 SOLUTIONS
Largest movements
- Cash +€33,515
up €33,515 (+19.9%), from €168,077 to €201,592
mainly Accrued charges and deferred income (+€33,203) and Net result for the year (+€26,878)
- Receivables within one year -€5,416
down €5,416 (-8.5%), from €63,417 to €58,001
- Accrued charges and deferred income +€33,203
new in 2025: €33,203
- Other debts -€30,482
no longer reported in 2025 (was €30,482)
- Reserves +€26,500
up €26,500 (+1,425%), from €1,859 to €28,359
of which Distributable reserves: +€26,500
- Gross operating margin +€11,929
up €11,929 (+37.2%), from €32,091 to €44,020
- Taxes +€4,236
up €4,236 (+44.3%), from €9,553 to €13,789
- Financial income -€842
down €842 (-20.9%), from €4,033 to €3,191
- Other operating charges +€607
up €607 (+125%), from €487 to €1,094
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 | €331,494 | €359,593 | +€28,099 | +8.5% |
| Current assets | 29/58 | €331,494 | €359,593 | +€28,099 | +8.5% |
| Amounts receivable within one year | 40/41 | €63,417 | €58,001 | -€5,416 | -8.5% |
| Trade receivables | 40 | €63,417 | €58,001 | -€5,416 | -8.5% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €168,077 | €201,592 | +€33,515 | +19.9% |
| Total equity and liabilities | 10/49 | €331,494 | €359,593 | +€28,099 | +8.5% |
| Equity | 10/15 | €268,010 | €294,376 | +€26,366 | +9.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Contributions outside capital | 11 | - | €6,197 | +€6,197 | |
| Share premium | 1100/10 | - | €6,197 | +€6,197 | |
| Reserves | 13 | €1,859 | €28,359 | +€26,500 | +1,425% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | - | €26,500 | +€26,500 | |
| Profit (loss) carried forward | 14 | €259,954 | €259,820 | -€134 | -0.1% |
| Amounts payable | 17/49 | €63,484 | €65,217 | +€1,733 | +2.7% |
| Amounts payable within one year | 42/48 | €63,484 | €32,014 | -€31,470 | -49.6% |
| Trade debts | 44 | €3,862 | €3,188 | -€674 | -17.5% |
| Suppliers | 440/4 | €3,862 | €3,188 | -€674 | -17.5% |
| Taxes, remuneration and social security | 45 | €29,140 | €28,826 | -€314 | -1.1% |
| Taxes | 450/3 | €24,140 | €26,326 | +€2,186 | +9.1% |
| Remuneration and social security | 454/9 | €5,000 | €2,500 | -€2,500 | -50.0% |
| Other amounts payable | 47/48 | €30,482 | - | -€30,482 | |
| Accrued charges and deferred income | 492/3 | - | €33,203 | +€33,203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305 | - | -€305 | |
| Other operating charges | 640/8 | €487 | €1,094 | +€607 | +125% |
| Non-recurring operating charges | 66A | - | €5,340 | +€5,340 | |
| Gross operating margin | 9900 | €32,091 | €44,020 | +€11,929 | +37.2% |
| Operating profit (loss) | 9901 | €31,299 | €37,586 | +€6,287 | +20.1% |
| Financial income | 75/76B | €4,033 | €3,191 | -€842 | -20.9% |
| Recurring financial income | 75 | €4,033 | €3,191 | -€842 | -20.9% |
| Financial charges | 65/66B | €112 | €110 | -€2 | -1.8% |
| Recurring financial charges | 65 | €112 | €110 | -€2 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €35,220 | €40,667 | +€5,447 | +15.5% |
| Income taxes | 67/77 | €9,553 | €13,789 | +€4,236 | +44.3% |
| Profit (loss) for the period | 9904 | €25,667 | €26,878 | +€1,211 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,667 | €26,878 | +€1,211 | +4.7% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.