G1 CONCEPT: 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.
G1 CONCEPT
Largest movements
- Receivables within one year -€14,224
down €14,224 (-47.5%), from €29,926 to €15,702
of which Trade receivables: -€18,785
- Cash +€4,545
up €4,545 (+133.5%), from €3,403 to €7,948
mainly Receivables within one year (+€14,224) and Other debts (+€6,395)
- Tangible fixed assets +€4,178
up €4,178 (+89.2%), from €4,684 to €8,862
of which Furniture and vehicles: +€3,354
- Deferred charges and accrued income +€2,230
new in 2025: €2,230
- Trade debts -€9,098
down €9,098 (-43.8%), from €20,781 to €11,683
- Other debts +€6,395
new in 2025: €6,395
- Reserves -€5,425
no longer reported in 2025 (was €5,425)
- Profit (loss) carried forward +€2,836
up €2,836 (+80.9%), from €3,507 to €6,343
- Tax, wage and social debts +€2,232
up €2,232 (+55.4%), from €4,025 to €6,257
of which Taxes: +€3,081
- Gross operating margin -€11,794
down €11,794 (-42.7%), from €27,595 to €15,801
- Staff costs +€5,112
up €5,112 (+1668.0%), from €306 to €5,419
- Depreciation +€1,452
up €1,452 (+110.8%), from €1,310 to €2,762
- Financial charges +€1,352
up €1,352 (+171.4%), from €789 to €2,141
- Other operating charges -€1,260
down €1,260 (-58.5%), from €2,153 to €893
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 | €38,739 | €35,678 | -€3,061 | -7.9% |
| Fixed assets | 21/28 | €5,410 | €9,798 | +€4,388 | +81.1% |
| Tangible fixed assets | 22/27 | €4,684 | €8,862 | +€4,178 | +89.2% |
| Plant, machinery and equipment | 23 | €2,437 | €3,261 | +€825 | +33.8% |
| Furniture and vehicles | 24 | €2,247 | €5,601 | +€3,354 | +149.2% |
| Financial fixed assets | 28 | €726 | €936 | +€210 | +28.9% |
| Current assets | 29/58 | €33,329 | €25,880 | -€7,449 | -22.4% |
| Amounts receivable within one year | 40/41 | €29,926 | €15,702 | -€14,224 | -47.5% |
| Trade receivables | 40 | €29,620 | €10,835 | -€18,785 | -63.4% |
| Other amounts receivable | 41 | €305 | €4,867 | +€4,561 | +1493.2% |
| Cash at bank and in hand | 54/58 | €3,403 | €7,948 | +€4,545 | +133.5% |
| Deferred charges and accrued income | 490/1 | - | €2,230 | +€2,230 | |
| Total equity and liabilities | 10/49 | €38,739 | €35,678 | -€3,061 | -7.9% |
| Equity | 10/15 | €13,932 | €11,343 | -€2,589 | -18.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,425 | - | -€5,425 | |
| Distributable reserves | 133 | €5,425 | - | -€5,425 | |
| Profit (loss) carried forward | 14 | €3,507 | €6,343 | +€2,836 | +80.9% |
| Amounts payable | 17/49 | €24,807 | €24,335 | -€472 | -1.9% |
| Amounts payable within one year | 42/48 | €24,807 | €24,335 | -€472 | -1.9% |
| Trade debts | 44 | €20,781 | €11,683 | -€9,098 | -43.8% |
| Suppliers | 440/4 | €20,781 | €11,683 | -€9,098 | -43.8% |
| Taxes, remuneration and social security | 45 | €4,025 | €6,257 | +€2,232 | +55.4% |
| Taxes | 450/3 | €3,025 | €6,106 | +€3,081 | +101.8% |
| Remuneration and social security | 454/9 | €1,000 | €151 | -€849 | -84.9% |
| Other amounts payable | 47/48 | - | €6,395 | +€6,395 | |
| Remuneration, social security and pensions | 62 | €306 | €5,419 | +€5,112 | +1668.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,310 | €2,762 | +€1,452 | +110.8% |
| Other operating charges | 640/8 | €2,153 | €893 | -€1,260 | -58.5% |
| Gross operating margin | 9900 | €27,595 | €15,801 | -€11,794 | -42.7% |
| Operating profit (loss) | 9901 | €23,825 | €6,728 | -€17,098 | -71.8% |
| Financial income | 75/76B | €6 | €7 | +€2 | +27.6% |
| Recurring financial income | 75 | €6 | €7 | +€2 | +27.6% |
| Financial charges | 65/66B | €789 | €2,141 | +€1,352 | +171.4% |
| Recurring financial charges | 65 | €789 | €2,141 | +€1,352 | +171.4% |
| Profit (loss) for the period before taxes | 9903 | €23,042 | €4,594 | -€18,448 | -80.1% |
| Income taxes | 67/77 | €2,854 | €1,758 | -€1,096 | -38.4% |
| Profit (loss) for the period | 9904 | €20,189 | €2,836 | -€17,353 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,189 | €2,836 | -€17,353 | -86.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.