GC & Cie: 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 & Cie
Largest movements
- Receivables after one year -€26,200
down €26,200 (-34.8%), from €75,250 to €49,050
- Stocks and contracts +€2,611
up €2,611 (+85.4%), from €3,057 to €5,668
- Cash -€2,089
down €2,089 (-79.4%), from €2,630 to €541
mainly Net result for the year (-€12,964) and Tax, wage and social debts (-€10,717)
- Receivables within one year -€1,509
no longer reported in 2025 (was €1,509)
- Profit (loss) carried forward -€12,964
down €12,964 (-46.8%), from €27,672 to €14,708
- Tax, wage and social debts -€10,717
down €10,717 (-29.6%), from €36,209 to €25,492
of which Taxes: -€8,556
- Trade debts -€2,902
down €2,902 (-41.6%), from €6,969 to €4,067
- Other debts -€1,384
down €1,384 (-99.5%), from €1,390 to €7
- Gross operating margin -€14,441
down €14,441 (-39.9%), from €36,226 to €21,784
- Staff costs +€7,088
up €7,088 (+40.0%), from €17,720 to €24,808
- Taxes -€5,282
down €5,282 (-98.1%), from €5,383 to €101
- Other operating charges +€4,099
up €4,099 (+96.4%), from €4,253 to €8,351
- Financial charges +€1,367
up €1,367 (+203%), from €675 to €2,042
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 | €83,491 | €55,524 | -€27,967 | -33.5% |
| Fixed assets | 21/28 | €794 | €265 | -€530 | -66.7% |
| Tangible fixed assets | 22/27 | €794 | €265 | -€530 | -66.7% |
| Furniture and vehicles | 24 | €794 | €265 | -€530 | -66.7% |
| Current assets | 29/58 | €82,697 | €55,259 | -€27,437 | -33.2% |
| Amounts receivable after more than one year | 29 | €75,250 | €49,050 | -€26,200 | -34.8% |
| Other amounts receivable | 291 | €75,250 | €49,050 | -€26,200 | -34.8% |
| Stocks and contracts in progress | 3 | €3,057 | €5,668 | +€2,611 | +85.4% |
| Stocks | 30/36 | €3,057 | €5,668 | +€2,611 | +85.4% |
| Amounts receivable within one year | 40/41 | €1,509 | - | -€1,509 | |
| Trade receivables | 40 | €1,509 | - | -€1,509 | |
| Cash at bank and in hand | 54/58 | €2,630 | €541 | -€2,089 | -79.4% |
| Deferred charges and accrued income | 490/1 | €251 | - | -€251 | |
| Total equity and liabilities | 10/49 | €83,491 | €55,524 | -€27,967 | -33.5% |
| Equity | 10/15 | €38,922 | €25,958 | -€12,964 | -33.3% |
| Contributions | 10/11 | €11,250 | €11,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,672 | €14,708 | -€12,964 | -46.8% |
| Amounts payable | 17/49 | €44,569 | €29,566 | -€15,003 | -33.7% |
| Amounts payable within one year | 42/48 | €44,569 | €29,566 | -€15,003 | -33.7% |
| Trade debts | 44 | €6,969 | €4,067 | -€2,902 | -41.6% |
| Suppliers | 440/4 | €6,969 | €4,067 | -€2,902 | -41.6% |
| Taxes, remuneration and social security | 45 | €36,209 | €25,492 | -€10,717 | -29.6% |
| Taxes | 450/3 | €31,936 | €23,379 | -€8,556 | -26.8% |
| Remuneration and social security | 454/9 | €4,274 | €2,113 | -€2,161 | -50.6% |
| Other amounts payable | 47/48 | €1,390 | €7 | -€1,384 | -99.5% |
| Remuneration, social security and pensions | 62 | €17,720 | €24,808 | +€7,088 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265 | €530 | +€265 | +100% |
| Other operating charges | 640/8 | €4,253 | €8,351 | +€4,099 | +96.4% |
| Gross operating margin | 9900 | €36,226 | €21,784 | -€14,441 | -39.9% |
| Operating profit (loss) | 9901 | €13,988 | -€11,905 | -€25,893 | |
| Financial income | 75/76B | €1,017 | €1,084 | +€67 | +6.6% |
| Recurring financial income | 75 | €1,017 | €1,084 | +€67 | +6.6% |
| Financial charges | 65/66B | €675 | €2,042 | +€1,367 | +203% |
| Recurring financial charges | 65 | €675 | €2,042 | +€1,367 | +203% |
| Profit (loss) for the period before taxes | 9903 | €14,330 | -€12,864 | -€27,193 | |
| Income taxes | 67/77 | €5,383 | €101 | -€5,282 | -98.1% |
| Profit (loss) for the period | 9904 | €8,947 | -€12,964 | -€21,911 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,947 | -€12,964 | -€21,911 |
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 19 October 2026 via checked.be.