GC AUDIT: 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.
GC AUDIT
Largest movements
- Cash +€273,142
up €273,142 (+197.3%), from €138,440 to €411,581
mainly Current investments (+€195,746) and Net result for the year (+€129,171)
- Current investments -€195,746
down €195,746 (-78.9%), from €248,116 to €52,370
- Receivables within one year -€18,167
down €18,167 (-71.5%), from €25,400 to €7,234
of which Other amounts receivable: -€19,800
- Other debts +€54,396
up €54,396 (+39.4%), from €138,193 to €192,589
- Gross operating margin -€38,904
down €38,904 (-22.7%), from €171,264 to €132,359
- Financial income +€35,637
up €35,637 (+95184.6%), from €37 to €35,675
- Taxes -€8,136
down €8,136 (-18.7%), from €43,606 to €35,470
- Financial charges +€1,902
up €1,902 (+360.4%), from €528 to €2,430
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 | €434,218 | €488,214 | +€53,996 | +12.4% |
| Fixed assets | 21/28 | €22,263 | €17,029 | -€5,234 | -23.5% |
| Tangible fixed assets | 22/27 | €577 | €114 | -€463 | -80.2% |
| Furniture and vehicles | 24 | €577 | €114 | -€463 | -80.2% |
| Financial fixed assets | 28 | €21,686 | €16,915 | -€4,771 | -22.0% |
| Current assets | 29/58 | €411,955 | €471,185 | +€59,230 | +14.4% |
| Amounts receivable within one year | 40/41 | €25,400 | €7,234 | -€18,167 | -71.5% |
| Trade receivables | 40 | - | €1,634 | +€1,634 | |
| Other amounts receivable | 41 | €25,400 | €5,600 | -€19,800 | -78.0% |
| Current investments | 50/53 | €248,116 | €52,370 | -€195,746 | -78.9% |
| Cash at bank and in hand | 54/58 | €138,440 | €411,581 | +€273,142 | +197.3% |
| Total equity and liabilities | 10/49 | €434,218 | €488,214 | +€53,996 | +12.4% |
| Equity | 10/15 | €285,423 | €285,594 | +€171 | +0.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €274,500 | €274,500 | = | 0.0% |
| Distributable reserves | 133 | €274,500 | €274,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €923 | €1,094 | +€171 | +18.5% |
| Amounts payable | 17/49 | €148,795 | €202,620 | +€53,825 | +36.2% |
| Amounts payable within one year | 42/48 | €148,339 | €200,263 | +€51,924 | +35.0% |
| Taxes, remuneration and social security | 45 | €10,147 | €7,674 | -€2,472 | -24.4% |
| Taxes | 450/3 | €10,147 | €7,674 | -€2,472 | -24.4% |
| Other amounts payable | 47/48 | €138,193 | €192,589 | +€54,396 | +39.4% |
| Accrued charges and deferred income | 492/3 | €456 | €2,357 | +€1,901 | +416.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €554 | €463 | -€92 | -16.5% |
| Other operating charges | 640/8 | €487 | €500 | +€12 | +2.5% |
| Gross operating margin | 9900 | €171,264 | €132,359 | -€38,904 | -22.7% |
| Operating profit (loss) | 9901 | €170,222 | €131,397 | -€38,825 | -22.8% |
| Financial income | 75/76B | €37 | €35,675 | +€35,637 | +95184.6% |
| Recurring financial income | 75 | €37 | €35,675 | +€35,637 | +95184.6% |
| Financial charges | 65/66B | €528 | €2,430 | +€1,902 | +360.4% |
| Recurring financial charges | 65 | €528 | €2,430 | +€1,902 | +360.4% |
| Profit (loss) for the period before taxes | 9903 | €169,732 | €164,642 | -€5,090 | -3.0% |
| Income taxes | 67/77 | €43,606 | €35,470 | -€8,136 | -18.7% |
| Profit (loss) for the period | 9904 | €126,126 | €129,171 | +€3,045 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €126,126 | €129,171 | +€3,045 | +2.4% |
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 7 October 2026 via checked.be.