G3PMS: 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.
G3PMS
Largest movements
- Stocks and contracts -€738,245
no longer reported in 2025 (was €738,245)
- Cash +€44,859
new in 2025: €44,859
mainly Stocks and contracts (+€738,245) and Net result for the year (+€96,179)
- Receivables within one year +€21,548
up €21,548 (+100.2%), from €21,500 to €43,048
of which Other amounts receivable: +€15,879
- Debts after one year -€614,879
down €614,879 (-56.5%), from €1.1m to €473,526
of which Financial debts: -€614,879
- Short-term financial debts -€155,479
no longer reported in 2025 (was €155,479)
of which Other loans: -€150,000
- Profit (loss) carried forward +€96,179
up €96,179 (+28.0%), from -€342,983 to -€246,804
- Other debts +€31,749
up €31,749 (+11.6%), from €274,230 to €305,979
- Accrued charges and deferred income -€26,555
down €26,555 (-97.9%), from €27,130 to €575
- Gross operating margin +€179,988
up €179,988, from -€44,229 to €135,759
- Financial charges -€64,583
down €64,583 (-78.5%), from €82,234 to €17,651
- Other operating charges -€5,756
no longer reported in 2025 (was €5,756)
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 | €1,238,786 | €559,455 | -€679,331 | -54.8% |
| Fixed assets | 21/28 | €478,483 | €471,548 | -€6,935 | -1.4% |
| Tangible fixed assets | 22/27 | €473,483 | €471,548 | -€1,935 | -0.4% |
| Land and buildings | 22 | €473,483 | €452,262 | -€21,220 | -4.5% |
| Other tangible fixed assets | 26 | - | €19,285 | +€19,285 | |
| Financial fixed assets | 28 | €5,000 | - | -€5,000 | |
| Current assets | 29/58 | €760,303 | €87,907 | -€672,396 | -88.4% |
| Stocks and contracts in progress | 3 | €738,245 | - | -€738,245 | |
| Stocks | 30/36 | €738,245 | - | -€738,245 | |
| Amounts receivable within one year | 40/41 | €21,500 | €43,048 | +€21,548 | +100.2% |
| Trade receivables | 40 | €21,400 | €27,070 | +€5,670 | +26.5% |
| Other amounts receivable | 41 | €100 | €15,979 | +€15,879 | +15878.7% |
| Cash at bank and in hand | 54/58 | - | €44,859 | +€44,859 | |
| Deferred charges and accrued income | 490/1 | €558 | - | -€558 | |
| Total equity and liabilities | 10/49 | €1,238,786 | €559,455 | -€679,331 | -54.8% |
| Equity | 10/15 | -€342,883 | -€246,704 | +€96,179 | +28.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€342,983 | -€246,804 | +€96,179 | +28.0% |
| Amounts payable | 17/49 | €1,581,668 | €806,159 | -€775,510 | -49.0% |
| Amounts payable after more than one year | 17 | €1,088,406 | €473,526 | -€614,879 | -56.5% |
| Financial debts | 170/4 | €1,075,006 | €460,126 | -€614,879 | -57.2% |
| Other amounts payable | 178/9 | €13,400 | €13,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €466,133 | €332,057 | -€134,076 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €22,925 | €22,957 | +€31 | +0.1% |
| Financial debts | 43 | €155,479 | - | -€155,479 | |
| Credit institutions | 430/8 | €5,479 | - | -€5,479 | |
| Other loans | 439 | €150,000 | - | -€150,000 | |
| Trade debts | 44 | €13,499 | €3,122 | -€10,377 | -76.9% |
| Suppliers | 440/4 | €13,499 | €3,122 | -€10,377 | -76.9% |
| Other amounts payable | 47/48 | €274,230 | €305,979 | +€31,749 | +11.6% |
| Accrued charges and deferred income | 492/3 | €27,130 | €575 | -€26,555 | -97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,220 | €21,930 | +€710 | +3.3% |
| Other operating charges | 640/8 | €5,756 | - | -€5,756 | |
| Gross operating margin | 9900 | -€44,229 | €135,759 | +€179,988 | |
| Operating profit (loss) | 9901 | -€71,205 | €113,829 | +€185,034 | |
| Financial income | 75/76B | €0 | €1 | +€0 | +1150.0% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +1150.0% |
| Financial charges | 65/66B | €82,234 | €17,651 | -€64,583 | -78.5% |
| Recurring financial charges | 65 | €82,234 | €17,651 | -€64,583 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | -€153,439 | €96,179 | +€249,618 | |
| Profit (loss) for the period | 9904 | -€153,439 | €96,179 | +€249,618 | |
| Profit (loss) for the period to be appropriated | 9905 | -€153,439 | €96,179 | +€249,618 |
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 5 October 2026 via checked.be.