G2R: 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.
G2R
Largest movements
- Cash +€24,157
up €24,157 (+98.8%), from €24,444 to €48,601
mainly Receivables within one year (+€21,696) and Net result for the year (+€16,001)
- Receivables within one year -€21,696
down €21,696 (-41.1%), from €52,726 to €31,029
of which Trade receivables: -€31,259
- Tangible fixed assets -€8,752
down €8,752 (-27.1%), from €32,302 to €23,550
of which Furniture and vehicles: -€11,667
- Trade debts -€36,892
down €36,892 (-94.0%), from €39,254 to €2,362
- Profit (loss) carried forward +€16,001
up €16,001, from -€10,356 to €5,645
- Other debts +€14,344
up €14,344 (+20.0%), from €71,783 to €86,127
- Gross operating margin +€20,978
up €20,978 (+145.4%), from €14,424 to €35,402
- Taxes +€5,132
new in 2025: €5,132
- Other operating charges -€470
down €470 (-25.1%), from €1,870 to €1,399
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 | €113,317 | €106,695 | -€6,621 | -5.8% |
| Formation expenses | 20 | €1,500 | €969 | -€531 | -35.4% |
| Fixed assets | 21/28 | €32,302 | €23,550 | -€8,752 | -27.1% |
| Tangible fixed assets | 22/27 | €32,302 | €23,550 | -€8,752 | -27.1% |
| Plant, machinery and equipment | 23 | €333 | €3,249 | +€2,916 | +874.8% |
| Furniture and vehicles | 24 | €31,968 | €20,301 | -€11,667 | -36.5% |
| Current assets | 29/58 | €79,515 | €82,176 | +€2,661 | +3.3% |
| Amounts receivable within one year | 40/41 | €52,726 | €31,029 | -€21,696 | -41.1% |
| Trade receivables | 40 | €47,707 | €16,448 | -€31,259 | -65.5% |
| Other amounts receivable | 41 | €5,018 | €14,581 | +€9,563 | +190.6% |
| Cash at bank and in hand | 54/58 | €24,444 | €48,601 | +€24,157 | +98.8% |
| Deferred charges and accrued income | 490/1 | €2,345 | €2,546 | +€200 | +8.5% |
| Total equity and liabilities | 10/49 | €113,317 | €106,695 | -€6,621 | -5.8% |
| Equity | 10/15 | €2,144 | €18,145 | +€16,001 | +746.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,356 | €5,645 | +€16,001 | |
| Amounts payable | 17/49 | €111,173 | €88,551 | -€22,622 | -20.3% |
| Amounts payable within one year | 42/48 | €111,173 | €88,551 | -€22,622 | -20.3% |
| Trade debts | 44 | €39,254 | €2,362 | -€36,892 | -94.0% |
| Suppliers | 440/4 | €39,254 | €2,362 | -€36,892 | -94.0% |
| Taxes, remuneration and social security | 45 | €136 | €62 | -€74 | -54.5% |
| Taxes | 450/3 | €136 | €62 | -€74 | -54.5% |
| Other amounts payable | 47/48 | €71,783 | €86,127 | +€14,344 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,015 | €12,961 | -€54 | -0.4% |
| Other operating charges | 640/8 | €1,870 | €1,399 | -€470 | -25.1% |
| Gross operating margin | 9900 | €14,424 | €35,402 | +€20,978 | +145.4% |
| Operating profit (loss) | 9901 | -€461 | €21,042 | +€21,502 | |
| Financial income | 75/76B | €54 | €162 | +€108 | +201.4% |
| Recurring financial income | 75 | €54 | €162 | +€108 | +201.4% |
| Financial charges | 65/66B | €58 | €70 | +€12 | +21.1% |
| Recurring financial charges | 65 | €58 | €70 | +€12 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | -€465 | €21,134 | +€21,598 | |
| Income taxes | 67/77 | - | €5,132 | +€5,132 | |
| Profit (loss) for the period | 9904 | -€465 | €16,001 | +€16,466 | |
| Profit (loss) for the period to be appropriated | 9905 | -€465 | €16,001 | +€16,466 |
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 11 October 2026 via checked.be.