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G3: 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.

What changed

G3

BE 0464.322.073
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€17,531
2024 · €13,888+€3,644
Equity
€73,004
2024 · €55,473+€17,531
Cash
€40,652
2024 · €29,828+€10,825
Balance sheet total
€246,431
2024 · €259,284-€12,853

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€24,329

    down €24,329 (-10.8%), from €226,182 to €201,852

    of which Land and buildings: -€24,329

  • Cash +€10,825

    up €10,825 (+36.3%), from €29,828 to €40,652

    mainly Depreciation (+€24,329) and Net result for the year (+€17,531)

Equity and liabilities
  • Other debts -€30,000

    down €30,000 (-15.0%), from €199,846 to €169,846

  • Profit (loss) carried forward +€17,531

    up €17,531 (+12.1%), from -€144,907 to -€127,376

Income statement
  • Depreciation -€2,040

    down €2,040 (-7.7%), from €26,369 to €24,329

  • Gross operating margin +€1,044

    up €1,044 (+2.3%), from €46,339 to €47,383

  • Financial charges -€722

    down €722 (-96.8%), from €746 to €24

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €13,888
Gross operating margin +€1,044
Depreciation +€2,040
Other operating charges -€163
Financial income +€1
Financial charges +€722
Result 2025 €17,531

Cash bridge derived

cash 2024 to 2025

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.

From operations +€10,825
Investment €0
Financing €0
Cash 2024 €29,828
Net result for the year +€17,531
Depreciation +€24,329
Receivables within one year +€300
Deferred charges and accrued income -€951
Trade debts +€240
Other debts -€30,000
Accrued charges and deferred income -€625
Cash 2025 €40,652
Every line side by side 33 lines
Line Code 2024 2025 Change %
Total assets 20/58 €259,284 €246,431 -€12,853 -5.0%
Fixed assets 21/28 €226,182 €201,852 -€24,329 -10.8%
Tangible fixed assets 22/27 €226,182 €201,852 -€24,329 -10.8%
Land and buildings 22 €217,682 €193,352 -€24,329 -11.2%
Furniture and vehicles 24 €8,500 €8,500 = 0.0%
Current assets 29/58 €33,102 €44,578 +€11,476 +34.7%
Amounts receivable within one year 40/41 €300 - -€300
Trade receivables 40 €300 - -€300
Cash at bank and in hand 54/58 €29,828 €40,652 +€10,825 +36.3%
Deferred charges and accrued income 490/1 €2,975 €3,926 +€951 +32.0%
Total equity and liabilities 10/49 €259,284 €246,431 -€12,853 -5.0%
Equity 10/15 €55,473 €73,004 +€17,531 +31.6%
Contributions 10/11 €200,380 €200,380 = 0.0%
Capital 10 €200,380 €200,380 = 0.0%
Issued capital 100 €200,380 €200,380 = 0.0%
Profit (loss) carried forward 14 -€144,907 -€127,376 +€17,531 +12.1%
Amounts payable 17/49 €203,811 €173,427 -€30,385 -14.9%
Amounts payable within one year 42/48 €203,186 €173,427 -€29,760 -14.6%
Trade debts 44 €3,341 €3,581 +€240 +7.2%
Suppliers 440/4 €3,341 €3,581 +€240 +7.2%
Other amounts payable 47/48 €199,846 €169,846 -€30,000 -15.0%
Accrued charges and deferred income 492/3 €625 - -€625
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €26,369 €24,329 -€2,040 -7.7%
Other operating charges 640/8 €5,336 €5,499 +€163 +3.0%
Gross operating margin 9900 €46,339 €47,383 +€1,044 +2.3%
Operating profit (loss) 9901 €14,633 €17,555 +€2,921 +20.0%
Financial income 75/76B - €1 +€1
Recurring financial income 75 - €1 +€1
Financial charges 65/66B €746 €24 -€722 -96.8%
Recurring financial charges 65 €746 €24 -€722 -96.8%
Profit (loss) for the period before taxes 9903 €13,888 €17,531 +€3,644 +26.2%
Profit (loss) for the period 9904 €13,888 €17,531 +€3,644 +26.2%
Profit (loss) for the period to be appropriated 9905 €13,888 €17,531 +€3,644 +26.2%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.