GAEFG: 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.
GAEFG
Largest movements
- Financial fixed assets +€163,318
up €163,318 (+127.8%), from €127,836 to €291,154
- Contributions +€163,400
up €163,400 (+121.9%), from €134,001 to €297,401
- Gross operating margin +€82
up €82 (+3.9%), from -€2,112 to -€2,031
- Financial charges +€23
up €23 (+71.4%), from €32 to €54
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 | €131,470 | €292,385 | +€160,916 | +122.4% |
| Fixed assets | 21/28 | €127,836 | €291,154 | +€163,318 | +127.8% |
| Financial fixed assets | 28 | €127,836 | €291,154 | +€163,318 | +127.8% |
| Current assets | 29/58 | €3,634 | €1,232 | -€2,402 | -66.1% |
| Amounts receivable within one year | 40/41 | €180 | - | -€180 | |
| Other amounts receivable | 41 | €180 | - | -€180 | |
| Cash at bank and in hand | 54/58 | €3,454 | €1,232 | -€2,222 | -64.3% |
| Total equity and liabilities | 10/49 | €131,470 | €292,385 | +€160,916 | +122.4% |
| Equity | 10/15 | €131,470 | €292,385 | +€160,916 | +122.4% |
| Contributions | 10/11 | €134,001 | €297,401 | +€163,400 | +121.9% |
| Capital | 10 | €134,001 | €297,401 | +€163,400 | +121.9% |
| Issued capital | 100 | €134,001 | €297,401 | +€163,400 | +121.9% |
| Profit (loss) carried forward | 14 | -€2,531 | -€5,016 | -€2,484 | -98.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€2,112 | -€2,031 | +€82 | +3.9% |
| Operating profit (loss) | 9901 | -€2,500 | -€2,430 | +€69 | +2.8% |
| Financial charges | 65/66B | €32 | €54 | +€23 | +71.4% |
| Recurring financial charges | 65 | €32 | €54 | +€23 | +71.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,531 | -€2,484 | +€47 | +1.9% |
| Profit (loss) for the period | 9904 | -€2,531 | -€2,484 | +€47 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,531 | -€2,484 | +€47 | +1.9% |
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 10 October 2026 via checked.be.