G4J: 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.
G4J
Largest movements
- Tangible fixed assets +€972,113
up €972,113 (+217.2%), from €447,628 to €1.4m
of which Assets under construction and advance payments: +€950,000
- Financial fixed assets +€381,133
up €381,133 (+143.0%), from €266,500 to €647,633
- Receivables within one year -€23,579
down €23,579 (-9.2%), from €255,686 to €232,107
of which Trade receivables: -€64,670
- Other debts +€1.1m
up €1.1m, from €0 to €1.1m
- Profit (loss) carried forward +€409,152
up €409,152 (+391.6%), from €104,480 to €513,631
- Debts after one year -€76,942
down €76,942 (-11.7%), from €659,387 to €582,446
- Trade debts -€72,316
down €72,316 (-82.4%), from €87,753 to €15,438
- Tax, wage and social debts -€27,614
down €27,614 (-85.4%), from €32,333 to €4,719
of which Taxes: -€27,643
- Financial income +€369,471
up €369,471 (+22398.3%), from €1,650 to €371,121
- Gross operating margin +€118,163
up €118,163 (+74.3%), from €159,050 to €277,213
- Other operating charges +€74,549
up €74,549 (+103.0%), from €72,387 to €146,936
- Depreciation +€27,067
up €27,067 (+146.7%), from €18,446 to €45,513
- Financial charges +€19,656
up €19,656 (+162.6%), from €12,090 to €31,746
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 | €982,287 | €2,318,867 | +€1.3m | +136.1% |
| Formation expenses | 20 | €285 | - | -€285 | |
| Fixed assets | 21/28 | €714,128 | €2,067,375 | +€1.4m | +189.5% |
| Tangible fixed assets | 22/27 | €447,628 | €1,419,742 | +€972,113 | +217.2% |
| Land and buildings | 22 | €404,932 | €370,729 | -€34,204 | -8.4% |
| Furniture and vehicles | 24 | €42,696 | €99,013 | +€56,317 | +131.9% |
| Assets under construction and advance payments | 27 | - | €950,000 | +€950,000 | |
| Financial fixed assets | 28 | €266,500 | €647,633 | +€381,133 | +143.0% |
| Current assets | 29/58 | €267,874 | €251,492 | -€16,381 | -6.1% |
| Amounts receivable within one year | 40/41 | €255,686 | €232,107 | -€23,579 | -9.2% |
| Trade receivables | 40 | €112,393 | €47,723 | -€64,670 | -57.5% |
| Other amounts receivable | 41 | €143,293 | €184,384 | +€41,091 | +28.7% |
| Cash at bank and in hand | 54/58 | €12,187 | €12,730 | +€543 | +4.5% |
| Deferred charges and accrued income | 490/1 | - | €6,654 | +€6,654 | |
| Total equity and liabilities | 10/49 | €982,287 | €2,318,867 | +€1.3m | +136.1% |
| Equity | 10/15 | €107,480 | €516,631 | +€409,152 | +380.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,480 | €513,631 | +€409,152 | +391.6% |
| Amounts payable | 17/49 | €874,807 | €1,802,236 | +€927,429 | +106.0% |
| Amounts payable after more than one year | 17 | €659,387 | €582,446 | -€76,942 | -11.7% |
| Financial debts | 170/4 | €659,387 | €582,446 | -€76,942 | -11.7% |
| Amounts payable within one year | 42/48 | €210,245 | €1,213,766 | +€1.0m | +477.3% |
| Current portion of amounts payable after more than one year | 42 | €70,158 | €76,942 | +€6,784 | +9.7% |
| Financial debts | 43 | €20,000 | - | -€20,000 | |
| Credit institutions | 430/8 | €20,000 | - | -€20,000 | |
| Trade debts | 44 | €87,753 | €15,438 | -€72,316 | -82.4% |
| Suppliers | 440/4 | €87,753 | €15,438 | -€72,316 | -82.4% |
| Taxes, remuneration and social security | 45 | €32,333 | €4,719 | -€27,614 | -85.4% |
| Taxes | 450/3 | €32,173 | €4,531 | -€27,643 | -85.9% |
| Remuneration and social security | 454/9 | €160 | €189 | +€29 | +17.9% |
| Other amounts payable | 47/48 | €0 | €1,116,667 | +€1.1m | |
| Accrued charges and deferred income | 492/3 | €5,175 | €6,025 | +€849 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,446 | €45,513 | +€27,067 | +146.7% |
| Other operating charges | 640/8 | €72,387 | €146,936 | +€74,549 | +103.0% |
| Gross operating margin | 9900 | €159,050 | €277,213 | +€118,163 | +74.3% |
| Operating profit (loss) | 9901 | €68,217 | €84,764 | +€16,547 | +24.3% |
| Financial income | 75/76B | €1,650 | €371,121 | +€369,471 | +22398.3% |
| Recurring financial income | 75 | €1,650 | €371,121 | +€369,471 | +22398.3% |
| Financial charges | 65/66B | €12,090 | €31,746 | +€19,656 | +162.6% |
| Recurring financial charges | 65 | €12,090 | €31,746 | +€19,656 | +162.6% |
| Profit (loss) for the period before taxes | 9903 | €57,776 | €424,139 | +€366,362 | +634.1% |
| Income taxes | 67/77 | €14,828 | €14,987 | +€160 | +1.1% |
| Profit (loss) for the period | 9904 | €42,949 | €409,152 | +€366,203 | +852.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,949 | €409,152 | +€366,203 | +852.7% |
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.