GA INTERNATIONAL: what changed
GA INTERNATIONAL
Largest movements
- Cash +€3,666
up €3,666 (+432%), from €848 to €4,514
mainly Net result for the year (+€5,680) and Deferred charges and accrued income (+€2,475)
- Stocks and contracts +€2,546
new in 2025: €2,546
- Deferred charges and accrued income -€2,475
no longer reported in 2025 (was €2,475)
- Receivables within one year -€1,331
down €1,331 (-92.4%), from €1,441 to €110
of which Trade receivables: -€1,331
- Profit (loss) carried forward +€5,680
up €5,680 (+18.3%), from -€31,047 to -€25,367
- Other debts -€2,669
down €2,669 (-18.0%), from €14,820 to €12,151
- Trade debts -€603
down €603 (-54.6%), from €1,105 to €502
- Gross operating margin +€14,552
up €14,552, from -€7,977 to €6,575
- Other operating charges -€1,463
down €1,463 (-67.1%), from €2,181 to €718
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 | €4,764 | €7,170 | +€2,406 | +50.5% |
| Current assets | 29/58 | €4,764 | €7,170 | +€2,406 | +50.5% |
| Stocks and contracts in progress | 3 | - | €2,546 | +€2,546 | |
| Stocks | 30/36 | - | €2,546 | +€2,546 | |
| Amounts receivable within one year | 40/41 | €1,441 | €110 | -€1,331 | -92.4% |
| Trade receivables | 40 | €1,331 | - | -€1,331 | |
| Other amounts receivable | 41 | €110 | €110 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €848 | €4,514 | +€3,666 | +432% |
| Deferred charges and accrued income | 490/1 | €2,475 | - | -€2,475 | |
| Total equity and liabilities | 10/49 | €4,764 | €7,170 | +€2,406 | +50.5% |
| Equity | 10/15 | -€11,587 | -€5,907 | +€5,680 | +49.0% |
| Contributions | 10/11 | €17,600 | €17,600 | = | 0.0% |
| Capital | 10 | €17,600 | €17,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,047 | -€25,367 | +€5,680 | +18.3% |
| Amounts payable | 17/49 | €16,351 | €13,077 | -€3,274 | -20.0% |
| Amounts payable within one year | 42/48 | €16,351 | €13,077 | -€3,274 | -20.0% |
| Trade debts | 44 | €1,105 | €502 | -€603 | -54.6% |
| Suppliers | 440/4 | €1,105 | €502 | -€603 | -54.6% |
| Taxes, remuneration and social security | 45 | €426 | €424 | -€2 | -0.5% |
| Taxes | 450/3 | €426 | €424 | -€2 | -0.5% |
| Other amounts payable | 47/48 | €14,820 | €12,151 | -€2,669 | -18.0% |
| Other operating charges | 640/8 | €2,181 | €718 | -€1,463 | -67.1% |
| Gross operating margin | 9900 | -€7,977 | €6,575 | +€14,552 | |
| Operating profit (loss) | 9901 | -€10,158 | €5,857 | +€16,015 | |
| Financial charges | 65/66B | €135 | €177 | +€42 | +31.1% |
| Recurring financial charges | 65 | €135 | €177 | +€42 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,293 | €5,680 | +€15,973 | |
| Profit (loss) for the period | 9904 | -€10,293 | €5,680 | +€15,973 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,293 | €5,680 | +€15,973 |
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 8 November 2026 via checked.be.