GC: 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.
GC
Largest movements
- Receivables within one year +€10,038
up €10,038 (+159%), from €6,298 to €16,335
of which Other amounts receivable: +€10,038
- Tangible fixed assets -€8,152
down €8,152 (-15.6%), from €52,330 to €44,178
of which Furniture and vehicles: -€7,450
- Debts after one year -€9,927
down €9,927 (-34.3%), from €28,977 to €19,050
- Profit (loss) carried forward +€9,354
up €9,354 (+75.7%), from €12,355 to €21,710
- Tax, wage and social debts +€4,117
up €4,117 (+670%), from €614 to €4,732
of which Taxes: +€3,836
- Trade debts -€2,763
down €2,763 (-45.7%), from €6,043 to €3,280
- Gross operating margin +€15,192
up €15,192 (+80.2%), from €18,938 to €34,130
- Staff costs +€9,943
up €9,943 (+3,755%), from €265 to €10,208
- Taxes +€3,280
up €3,280 (+1,180%), from €278 to €3,558
- Financial charges -€1,272
down €1,272 (-31.3%), from €4,067 to €2,795
- Other operating charges -€521
down €521 (-71.0%), from €735 to €213
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.
Derived cash bridge
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 | €64,503 | €65,927 | +€1,423 | +2.2% |
| Fixed assets | 21/28 | €52,330 | €44,178 | -€8,152 | -15.6% |
| Tangible fixed assets | 22/27 | €52,330 | €44,178 | -€8,152 | -15.6% |
| Land and buildings | 22 | €1,044 | €783 | -€261 | -25.0% |
| Plant, machinery and equipment | 23 | €769 | €328 | -€441 | -57.4% |
| Furniture and vehicles | 24 | €50,517 | €43,067 | -€7,450 | -14.7% |
| Current assets | 29/58 | €12,174 | €21,749 | +€9,575 | +78.7% |
| Stocks and contracts in progress | 3 | €3,799 | €3,519 | -€280 | -7.4% |
| Stocks | 30/36 | €3,799 | €3,519 | -€280 | -7.4% |
| Amounts receivable within one year | 40/41 | €6,298 | €16,335 | +€10,038 | +159% |
| Trade receivables | 40 | €5,317 | €5,317 | = | 0.0% |
| Other amounts receivable | 41 | €981 | €11,019 | +€10,038 | +1,024% |
| Cash at bank and in hand | 54/58 | €2,077 | €1,894 | -€183 | -8.8% |
| Total equity and liabilities | 10/49 | €64,503 | €65,927 | +€1,423 | +2.2% |
| Equity | 10/15 | €18,555 | €27,910 | +€9,354 | +50.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,355 | €21,710 | +€9,354 | +75.7% |
| Amounts payable | 17/49 | €45,948 | €38,017 | -€7,931 | -17.3% |
| Amounts payable after more than one year | 17 | €28,977 | €19,050 | -€9,927 | -34.3% |
| Financial debts | 170/4 | €28,977 | €19,050 | -€9,927 | -34.3% |
| Amounts payable within one year | 42/48 | €16,971 | €18,966 | +€1,996 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €9,286 | €9,927 | +€641 | +6.9% |
| Trade debts | 44 | €6,043 | €3,280 | -€2,763 | -45.7% |
| Suppliers | 440/4 | €6,043 | €3,280 | -€2,763 | -45.7% |
| Taxes, remuneration and social security | 45 | €614 | €4,732 | +€4,117 | +670% |
| Taxes | 450/3 | €614 | €4,450 | +€3,836 | +624% |
| Remuneration and social security | 454/9 | - | €281 | +€281 | |
| Other amounts payable | 47/48 | €1,028 | €1,028 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €265 | €10,208 | +€9,943 | +3,755% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,864 | €8,033 | +€169 | +2.2% |
| Other operating charges | 640/8 | €735 | €213 | -€521 | -71.0% |
| Non-recurring operating charges | 66A | €3,865 | €119 | -€3,746 | -96.9% |
| Gross operating margin | 9900 | €18,938 | €34,130 | +€15,192 | +80.2% |
| Operating profit (loss) | 9901 | €6,210 | €15,557 | +€9,347 | +151% |
| Financial income | 75/76B | €1 | €150 | +€150 | +29,924% |
| Recurring financial income | 75 | €1 | €150 | +€150 | +29,924% |
| Financial charges | 65/66B | €4,067 | €2,795 | -€1,272 | -31.3% |
| Recurring financial charges | 65 | €4,067 | €2,795 | -€1,272 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €2,143 | €12,912 | +€10,769 | +502% |
| Income taxes | 67/77 | €278 | €3,558 | +€3,280 | +1,180% |
| Profit (loss) for the period | 9904 | €1,865 | €9,354 | +€7,489 | +401% |
| Profit (loss) for the period to be appropriated | 9905 | €1,865 | €9,354 | +€7,489 | +401% |
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 23 October 2026 via checked.be.