GC Block: 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 Block
Largest movements
- Cash +€79,594
up €79,594 (+102.8%), from €77,436 to €157,030
mainly Advances received (+€69,927) and Net result for the year (+€42,128)
- Receivables within one year -€4,735
down €4,735 (-17.8%), from €26,557 to €21,822
- Advances received +€69,927
up €69,927 (+68.8%), from €101,652 to €171,579
- Profit (loss) carried forward +€42,128
up €42,128 (+31.0%), from -€135,930 to -€93,802
- Debts after one year -€23,077
down €23,077 (-16.6%), from €139,427 to €116,350
- Reserves -€23,031
down €23,031 (-41.1%), from €55,993 to €32,962
- Other debts +€15,649
up €15,649 (+4644.5%), from €337 to €15,986
- Gross operating margin -€15,054
down €15,054 (-15.5%), from €97,116 to €82,061
- Depreciation -€6,560
down €6,560 (-28.9%), from €22,670 to €16,110
- Taxes -€2,531
down €2,531 (-13.5%), from €18,810 to €16,279
- Financial charges -€1,517
down €1,517 (-28.9%), from €5,243 to €3,726
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 | €316,732 | €391,454 | +€74,723 | +23.6% |
| Fixed assets | 21/28 | €211,053 | €211,612 | +€559 | +0.3% |
| Tangible fixed assets | 22/27 | €211,053 | €211,612 | +€559 | +0.3% |
| Land and buildings | 22 | €207,806 | €206,913 | -€894 | -0.4% |
| Plant, machinery and equipment | 23 | €1,295 | €729 | -€566 | -43.7% |
| Furniture and vehicles | 24 | €1,952 | €3,971 | +€2,019 | +103.4% |
| Current assets | 29/58 | €105,679 | €179,842 | +€74,163 | +70.2% |
| Amounts receivable within one year | 40/41 | €26,557 | €21,822 | -€4,735 | -17.8% |
| Trade receivables | 40 | €26,557 | €21,822 | -€4,735 | -17.8% |
| Cash at bank and in hand | 54/58 | €77,436 | €157,030 | +€79,594 | +102.8% |
| Deferred charges and accrued income | 490/1 | €1,686 | €990 | -€696 | -41.3% |
| Total equity and liabilities | 10/49 | €316,732 | €391,454 | +€74,723 | +23.6% |
| Equity | 10/15 | €27,663 | €46,760 | +€19,097 | +69.0% |
| Contributions | 10/11 | €107,600 | €107,600 | = | 0.0% |
| Reserves | 13 | €55,993 | €32,962 | -€23,031 | -41.1% |
| Distributable reserves | 133 | €55,993 | €32,962 | -€23,031 | -41.1% |
| Profit (loss) carried forward | 14 | -€135,930 | -€93,802 | +€42,128 | +31.0% |
| Amounts payable | 17/49 | €289,069 | €344,694 | +€55,625 | +19.2% |
| Amounts payable after more than one year | 17 | €139,427 | €116,350 | -€23,077 | -16.6% |
| Financial debts | 170/4 | €139,427 | €116,350 | -€23,077 | -16.6% |
| Amounts payable within one year | 42/48 | €149,642 | €228,344 | +€78,702 | +52.6% |
| Current portion of amounts payable after more than one year | 42 | €23,174 | €23,077 | -€97 | -0.4% |
| Financial debts | 43 | €11,308 | €7,546 | -€3,762 | -33.3% |
| Credit institutions | 430/8 | €11,308 | €7,546 | -€3,762 | -33.3% |
| Trade debts | 44 | €6,564 | €2,528 | -€4,036 | -61.5% |
| Suppliers | 440/4 | €6,564 | €2,528 | -€4,036 | -61.5% |
| Advances received on contracts in progress | 46 | €101,652 | €171,579 | +€69,927 | +68.8% |
| Taxes, remuneration and social security | 45 | €6,607 | €7,629 | +€1,022 | +15.5% |
| Taxes | 450/3 | €6,607 | €7,629 | +€1,022 | +15.5% |
| Other amounts payable | 47/48 | €337 | €15,986 | +€15,649 | +4644.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,670 | €16,110 | -€6,560 | -28.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,932 | €3,819 | -€114 | -2.9% |
| Gross operating margin | 9900 | €97,116 | €82,061 | -€15,054 | -15.5% |
| Operating profit (loss) | 9901 | €70,513 | €62,133 | -€8,380 | -11.9% |
| Financial income | 75/76B | €60 | €0 | -€60 | -100.0% |
| Recurring financial income | 75 | €60 | €0 | -€60 | -100.0% |
| Financial charges | 65/66B | €5,243 | €3,726 | -€1,517 | -28.9% |
| Recurring financial charges | 65 | €5,243 | €3,726 | -€1,517 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €65,331 | €58,407 | -€6,924 | -10.6% |
| Income taxes | 67/77 | €18,810 | €16,279 | -€2,531 | -13.5% |
| Profit (loss) for the period | 9904 | €46,521 | €42,128 | -€4,393 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,521 | €42,128 | -€4,393 | -9.4% |
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 6 October 2026 via checked.be.