G3V: what changed
G3V
Largest movements
- Tangible fixed assets +€68,186
up €68,186 (+77.4%), from €88,152 to €156,338
of which Other tangible fixed assets: +€50,448
- Cash -€52,525
down €52,525 (-79.7%), from €65,887 to €13,362
mainly Investment in fixed assets (net) (-€83,273) and Net result for the year (-€19,382)
- Receivables within one year +€9,924
up €9,924 (+332%), from €2,986 to €12,910
of which Trade receivables: +€12,021
- Stocks and contracts +€3,150
new in 2025: €3,150
- Other debts +€51,678
up €51,678 (+1,626%), from €3,178 to €54,856
- Profit (loss) carried forward -€19,382
down €19,382 (-15.5%), from €124,843 to €105,461
- Trade debts -€2,512
down €2,512 (-29.8%), from €8,436 to €5,924
- Gross operating margin +€33,556
up €33,556, from -€33,085 to €471
- Depreciation +€12,017
up €12,017 (+391%), from €3,070 to €15,087
- Financial income -€9,327
down €9,327 (-99.8%), from €9,349 to €22
of which Financial income: -€7,224
- Other operating charges +€2,285
up €2,285 (+256%), from €893 to €3,178
- Financial charges -€915
down €915 (-73.7%), from €1,242 to €327
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,025 | €187,597 | +€30,572 | +19.5% |
| Fixed assets | 21/28 | €88,152 | €156,338 | +€68,186 | +77.4% |
| Tangible fixed assets | 22/27 | €88,152 | €156,338 | +€68,186 | +77.4% |
| Plant, machinery and equipment | 23 | €8,892 | €7,462 | -€1,430 | -16.1% |
| Furniture and vehicles | 24 | €2,490 | €21,658 | +€19,168 | +770% |
| Other tangible fixed assets | 26 | €76,770 | €127,218 | +€50,448 | +65.7% |
| Current assets | 29/58 | €68,873 | €31,259 | -€37,614 | -54.6% |
| Stocks and contracts in progress | 3 | - | €3,150 | +€3,150 | |
| Stocks | 30/36 | - | €3,150 | +€3,150 | |
| Amounts receivable within one year | 40/41 | €2,986 | €12,910 | +€9,924 | +332% |
| Trade receivables | 40 | - | €12,021 | +€12,021 | |
| Other amounts receivable | 41 | €2,986 | €889 | -€2,097 | -70.2% |
| Cash at bank and in hand | 54/58 | €65,887 | €13,362 | -€52,525 | -79.7% |
| Deferred charges and accrued income | 490/1 | - | €1,837 | +€1,837 | |
| Total equity and liabilities | 10/49 | €157,025 | €187,597 | +€30,572 | +19.5% |
| Equity | 10/15 | €145,303 | €125,921 | -€19,382 | -13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,843 | €105,461 | -€19,382 | -15.5% |
| Amounts payable | 17/49 | €11,722 | €61,676 | +€49,954 | +426% |
| Amounts payable within one year | 42/48 | €11,722 | €61,676 | +€49,954 | +426% |
| Trade debts | 44 | €8,436 | €5,924 | -€2,512 | -29.8% |
| Suppliers | 440/4 | €8,436 | €5,924 | -€2,512 | -29.8% |
| Taxes, remuneration and social security | 45 | €108 | €896 | +€788 | +730% |
| Taxes | 450/3 | €108 | €896 | +€788 | +730% |
| Other amounts payable | 47/48 | €3,178 | €54,856 | +€51,678 | +1,626% |
| Remuneration, social security and pensions | 62 | - | €799 | +€799 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,070 | €15,087 | +€12,017 | +391% |
| Other operating charges | 640/8 | €893 | €3,178 | +€2,285 | +256% |
| Non-recurring operating charges | 66A | €447 | - | -€447 | |
| Gross operating margin | 9900 | -€33,085 | €471 | +€33,556 | |
| Operating profit (loss) | 9901 | -€37,495 | -€18,593 | +€18,902 | +50.4% |
| Financial income | 75/76B | €9,349 | €22 | -€9,327 | -99.8% |
| Recurring financial income | 75 | €7,246 | €22 | -€7,224 | -99.7% |
| Non-recurring financial income | 76B | €2,103 | - | -€2,103 | |
| Financial charges | 65/66B | €1,242 | €327 | -€915 | -73.7% |
| Recurring financial charges | 65 | €1,242 | €327 | -€915 | -73.7% |
| Profit (loss) for the period before taxes | 9903 | -€29,388 | -€18,898 | +€10,490 | +35.7% |
| Income taxes | 67/77 | €605 | €484 | -€121 | -20.0% |
| Profit (loss) for the period | 9904 | -€29,993 | -€19,382 | +€10,611 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,993 | -€19,382 | +€10,611 | +35.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.