GC AGENCY: 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 AGENCY
Largest movements
- Cash +€57,991
up €57,991 (+509%), from €11,394 to €69,385
mainly Net result for the year (+€70,133) and Receivables within one year (+€54,607)
- Receivables within one year -€54,607
down €54,607 (-91.0%), from €60,007 to €5,400
- Tax, wage and social debts +€39,953
up €39,953 (+209%), from €19,107 to €59,060
- Reserves -€30,000
down €30,000 (-5.5%), from €543,450 to €513,450
of which Distributable reserves: -€30,000
- Other debts -€7,163
down €7,163 (-71.6%), from €10,000 to €2,837
- Gross operating margin +€60,404
up €60,404 (+144%), from €41,859 to €102,263
- Taxes +€20,933
up €20,933 (+149%), from €14,026 to €34,959
- Financial income +€2,848
up €2,848 (+218%), from €1,307 to €4,155
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 | €638,001 | €640,985 | +€2,984 | +0.5% |
| Fixed assets | 21/28 | €566,600 | €566,200 | -€400 | -0.1% |
| Tangible fixed assets | 22/27 | €1,600 | €1,200 | -€400 | -25.0% |
| Other tangible fixed assets | 26 | €1,600 | €1,200 | -€400 | -25.0% |
| Financial fixed assets | 28 | €565,000 | €565,000 | = | 0.0% |
| Current assets | 29/58 | €71,401 | €74,785 | +€3,384 | +4.7% |
| Amounts receivable within one year | 40/41 | €60,007 | €5,400 | -€54,607 | -91.0% |
| Other amounts receivable | 41 | €60,007 | €5,400 | -€54,607 | -91.0% |
| Cash at bank and in hand | 54/58 | €11,394 | €69,385 | +€57,991 | +509% |
| Total equity and liabilities | 10/49 | €638,001 | €640,985 | +€2,984 | +0.5% |
| Equity | 10/15 | €606,928 | €577,061 | -€29,867 | -4.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €543,450 | €513,450 | -€30,000 | -5.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €537,250 | €507,250 | -€30,000 | -5.6% |
| Profit (loss) carried forward | 14 | €1,478 | €1,611 | +€133 | +9.0% |
| Amounts payable | 17/49 | €31,073 | €63,924 | +€32,851 | +106% |
| Amounts payable within one year | 42/48 | €31,073 | €63,924 | +€32,851 | +106% |
| Trade debts | 44 | €1,966 | €2,027 | +€61 | +3.1% |
| Suppliers | 440/4 | €1,966 | €2,027 | +€61 | +3.1% |
| Taxes, remuneration and social security | 45 | €19,107 | €59,060 | +€39,953 | +209% |
| Taxes | 450/3 | €19,107 | €59,060 | +€39,953 | +209% |
| Other amounts payable | 47/48 | €10,000 | €2,837 | -€7,163 | -71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €400 | €400 | = | 0.0% |
| Other operating charges | 640/8 | €619 | €400 | -€219 | -35.4% |
| Gross operating margin | 9900 | €41,859 | €102,263 | +€60,404 | +144% |
| Operating profit (loss) | 9901 | €40,840 | €101,463 | +€60,623 | +148% |
| Financial income | 75/76B | €1,307 | €4,155 | +€2,848 | +218% |
| Recurring financial income | 75 | €1,307 | €4,155 | +€2,848 | +218% |
| Financial charges | 65/66B | €148 | €526 | +€378 | +255% |
| Recurring financial charges | 65 | €148 | €526 | +€378 | +255% |
| Profit (loss) for the period before taxes | 9903 | €41,999 | €105,092 | +€63,093 | +150% |
| Income taxes | 67/77 | €14,026 | €34,959 | +€20,933 | +149% |
| Profit (loss) for the period | 9904 | €27,973 | €70,133 | +€42,160 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €27,973 | €70,133 | +€42,160 | +151% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.