G4E+: 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.
G4E+
Largest movements
- Receivables within one year -€5,770
down €5,770 (-46.9%), from €12,303 to €6,533
of which Trade receivables: -€6,262
- Cash +€1,299
up €1,299 (+103.5%), from €1,255 to €2,554
mainly Accrued charges and deferred income (+€5,771) and Receivables within one year (+€5,770)
- Tax, wage and social debts -€8,847
down €8,847 (-84.7%), from €10,440 to €1,594
- Accrued charges and deferred income +€5,771
up €5,771 (+20.6%), from €28,022 to €33,793
- Profit (loss) carried forward -€2,266
down €2,266 (-2.9%), from €77,827 to €75,560
- Gross operating margin -€8,001
down €8,001, from €6,652 to -€1,349
- Taxes -€1,594
no longer reported in 2025 (was €1,594)
- Other operating charges -€401
no longer reported in 2025 (was €401)
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 | €123,109 | €117,767 | -€5,341 | -4.3% |
| Fixed assets | 21/28 | €109,551 | €108,681 | -€870 | -0.8% |
| Tangible fixed assets | 22/27 | €7,051 | €6,181 | -€870 | -12.3% |
| Plant, machinery and equipment | 23 | €7,051 | €6,181 | -€870 | -12.3% |
| Financial fixed assets | 28 | €102,500 | €102,500 | = | 0.0% |
| Current assets | 29/58 | €13,558 | €9,087 | -€4,471 | -33.0% |
| Amounts receivable within one year | 40/41 | €12,303 | €6,533 | -€5,770 | -46.9% |
| Trade receivables | 40 | €12,303 | €6,041 | -€6,262 | -50.9% |
| Other amounts receivable | 41 | - | €492 | +€492 | |
| Cash at bank and in hand | 54/58 | €1,255 | €2,554 | +€1,299 | +103.5% |
| Total equity and liabilities | 10/49 | €123,109 | €117,767 | -€5,341 | -4.3% |
| Equity | 10/15 | €84,647 | €82,380 | -€2,266 | -2.7% |
| Contributions | 10/11 | €6,820 | €6,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,827 | €75,560 | -€2,266 | -2.9% |
| Amounts payable | 17/49 | €38,462 | €35,387 | -€3,075 | -8.0% |
| Amounts payable within one year | 42/48 | €10,440 | €1,594 | -€8,847 | -84.7% |
| Taxes, remuneration and social security | 45 | €10,440 | €1,594 | -€8,847 | -84.7% |
| Taxes | 450/3 | €10,440 | €1,594 | -€8,847 | -84.7% |
| Accrued charges and deferred income | 492/3 | €28,022 | €33,793 | +€5,771 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €870 | €870 | = | 0.0% |
| Other operating charges | 640/8 | €401 | - | -€401 | |
| Gross operating margin | 9900 | €6,652 | -€1,349 | -€8,001 | |
| Operating profit (loss) | 9901 | €5,381 | -€2,219 | -€7,600 | |
| Financial charges | 65/66B | €75 | €47 | -€28 | -37.5% |
| Recurring financial charges | 65 | €75 | €47 | -€28 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €5,306 | -€2,266 | -€7,572 | |
| Income taxes | 67/77 | €1,594 | - | -€1,594 | |
| Profit (loss) for the period | 9904 | €3,713 | -€2,266 | -€5,979 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,713 | -€2,266 | -€5,979 |
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.