G2K: 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.
G2K
Largest movements
- Tangible fixed assets +€50,889
up €50,889 (+28.8%), from €176,727 to €227,616
of which Other tangible fixed assets: +€51,022
- Current investments +€12,000
up €12,000 (+74.6%), from €16,080 to €28,080
- Cash +€4,190
up €4,190 (+6.7%), from €62,436 to €66,626
mainly Other debts (+€44,035) and Trade debts (+€24,277)
- Other debts +€44,035
up €44,035 (+515.0%), from €8,550 to €52,585
- Reserves -€33,500
down €33,500 (-31.9%), from €104,860 to €71,360
of which Distributable reserves: -€33,500
- Trade debts +€24,277
up €24,277 (+47.6%), from €50,987 to €75,263
- Debts after one year +€22,087
up €22,087 (+49.4%), from €44,727 to €66,813
- Current portion of long-term debt +€7,852
up €7,852 (+40.7%), from €19,292 to €27,144
- Staff costs -€8,361
down €8,361 (-19.4%), from €43,139 to €34,779
- Depreciation +€1,671
up €1,671 (+13.3%), from €12,564 to €14,236
- Taxes +€1,595
up €1,595 (+13.7%), from €11,631 to €13,226
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €300,920 | €366,580 | +€65,660 | +21.8% |
| Fixed assets | 21/28 | €176,727 | €227,616 | +€50,889 | +28.8% |
| Tangible fixed assets | 22/27 | €176,727 | €227,616 | +€50,889 | +28.8% |
| Land and buildings | 22 | €150,031 | €146,154 | -€3,877 | -2.6% |
| Furniture and vehicles | 24 | €9,691 | €13,435 | +€3,744 | +38.6% |
| Other tangible fixed assets | 26 | €17,005 | €68,027 | +€51,022 | +300.0% |
| Current assets | 29/58 | €124,192 | €138,963 | +€14,771 | +11.9% |
| Amounts receivable within one year | 40/41 | €45,178 | €44,257 | -€920 | -2.0% |
| Trade receivables | 40 | €45,178 | €44,257 | -€920 | -2.0% |
| Current investments | 50/53 | €16,080 | €28,080 | +€12,000 | +74.6% |
| Cash at bank and in hand | 54/58 | €62,436 | €66,626 | +€4,190 | +6.7% |
| Deferred charges and accrued income | 490/1 | €498 | - | -€498 | |
| Total equity and liabilities | 10/49 | €300,920 | €366,580 | +€65,660 | +21.8% |
| Equity | 10/15 | €161,389 | €128,462 | -€32,927 | -20.4% |
| Contributions | 10/11 | €9,200 | €9,200 | = | 0.0% |
| Reserves | 13 | €104,860 | €71,360 | -€33,500 | -31.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €103,000 | €69,500 | -€33,500 | -32.5% |
| Profit (loss) carried forward | 14 | €47,329 | €47,902 | +€573 | +1.2% |
| Amounts payable | 17/49 | €139,531 | €238,118 | +€98,587 | +70.7% |
| Amounts payable after more than one year | 17 | €44,727 | €66,813 | +€22,087 | +49.4% |
| Financial debts | 170/4 | €44,727 | €66,813 | +€22,087 | +49.4% |
| Amounts payable within one year | 42/48 | €94,804 | €171,305 | +€76,500 | +80.7% |
| Current portion of amounts payable after more than one year | 42 | €19,292 | €27,144 | +€7,852 | +40.7% |
| Trade debts | 44 | €50,987 | €75,263 | +€24,277 | +47.6% |
| Suppliers | 440/4 | €50,987 | €75,263 | +€24,277 | +47.6% |
| Taxes, remuneration and social security | 45 | €15,975 | €16,312 | +€337 | +2.1% |
| Taxes | 450/3 | €12,513 | €11,862 | -€651 | -5.2% |
| Remuneration and social security | 454/9 | €3,462 | €4,450 | +€988 | +28.5% |
| Other amounts payable | 47/48 | €8,550 | €52,585 | +€44,035 | +515.0% |
| Remuneration, social security and pensions | 62 | €43,139 | €34,779 | -€8,361 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,564 | €14,236 | +€1,671 | +13.3% |
| Other operating charges | 640/8 | €1,793 | €1,622 | -€171 | -9.5% |
| Gross operating margin | 9900 | €91,796 | €90,899 | -€896 | -1.0% |
| Operating profit (loss) | 9901 | €34,299 | €40,263 | +€5,964 | +17.4% |
| Financial income | 75/76B | €531 | €311 | -€220 | -41.4% |
| Recurring financial income | 75 | €531 | €311 | -€220 | -41.4% |
| Financial charges | 65/66B | €4,421 | €4,276 | -€145 | -3.3% |
| Recurring financial charges | 65 | €4,421 | €4,276 | -€145 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €30,410 | €36,299 | +€5,889 | +19.4% |
| Income taxes | 67/77 | €11,631 | €13,226 | +€1,595 | +13.7% |
| Profit (loss) for the period | 9904 | €18,778 | €23,073 | +€4,295 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,778 | €23,073 | +€4,295 | +22.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.