G4AS GROUP: 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.
G4AS GROUP
Largest movements
- Receivables within one year +€26,745
up €26,745 (+144.8%), from €18,468 to €45,213
of which Trade receivables: +€26,456
- Stocks and contracts +€5,528
new in 2025: €5,528
- Tax, wage and social debts +€24,241
up €24,241 (+1450.3%), from €1,671 to €25,913
of which Remuneration and social security: +€24,000
- Other debts +€5,501
up €5,501 (+57.0%), from €9,644 to €15,145
- Trade debts +€1,341
new in 2025: €1,341
- Profit (loss) carried forward +€1,083
up €1,083 (+16.4%), from €6,619 to €7,703
- Gross operating margin -€6,726
down €6,726 (-77.3%), from €8,705 to €1,979
- Taxes -€1,367
down €1,367 (-83.3%), from €1,642 to €275
- Other operating charges -€180
no longer reported in 2025 (was €180)
- Depreciation +€163
up €163 (+300.0%), from €54 to €218
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 | €19,935 | €52,102 | +€32,167 | +161.4% |
| Fixed assets | 21/28 | €1,035 | €817 | -€218 | -21.1% |
| Tangible fixed assets | 22/27 | €1,035 | €817 | -€218 | -21.1% |
| Plant, machinery and equipment | 23 | €1,035 | €817 | -€218 | -21.1% |
| Current assets | 29/58 | €18,900 | €51,285 | +€32,385 | +171.3% |
| Stocks and contracts in progress | 3 | - | €5,528 | +€5,528 | |
| Contracts in progress | 37 | - | €5,528 | +€5,528 | |
| Amounts receivable within one year | 40/41 | €18,468 | €45,213 | +€26,745 | +144.8% |
| Trade receivables | 40 | €16,246 | €42,703 | +€26,456 | +162.8% |
| Other amounts receivable | 41 | €2,222 | €2,510 | +€289 | +13.0% |
| Cash at bank and in hand | 54/58 | €432 | €544 | +€112 | +26.0% |
| Total equity and liabilities | 10/49 | €19,935 | €52,102 | +€32,167 | +161.4% |
| Equity | 10/15 | €8,619 | €9,703 | +€1,083 | +12.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,619 | €7,703 | +€1,083 | +16.4% |
| Amounts payable | 17/49 | €11,315 | €42,399 | +€31,084 | +274.7% |
| Amounts payable within one year | 42/48 | €11,315 | €42,399 | +€31,084 | +274.7% |
| Trade debts | 44 | - | €1,341 | +€1,341 | |
| Suppliers | 440/4 | - | €1,341 | +€1,341 | |
| Taxes, remuneration and social security | 45 | €1,671 | €25,913 | +€24,241 | +1450.3% |
| Taxes | 450/3 | €1,671 | €1,913 | +€241 | +14.4% |
| Remuneration and social security | 454/9 | - | €24,000 | +€24,000 | |
| Other amounts payable | 47/48 | €9,644 | €15,145 | +€5,501 | +57.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54 | €218 | +€163 | +300.0% |
| Other operating charges | 640/8 | €180 | - | -€180 | |
| Non-recurring operating charges | 66A | €184 | €253 | +€69 | +37.6% |
| Gross operating margin | 9900 | €8,705 | €1,979 | -€6,726 | -77.3% |
| Operating profit (loss) | 9901 | €8,287 | €1,508 | -€6,779 | -81.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €117 | €150 | +€33 | +27.8% |
| Recurring financial charges | 65 | €117 | €150 | +€33 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €8,170 | €1,358 | -€6,811 | -83.4% |
| Income taxes | 67/77 | €1,642 | €275 | -€1,367 | -83.3% |
| Profit (loss) for the period | 9904 | €6,527 | €1,083 | -€5,444 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,527 | €1,083 | -€5,444 | -83.4% |
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.