GC CONTENT: 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 CONTENT
Largest movements
- Current investments -€171,875
down €171,875 (-27.6%), from €621,875 to €450,000
- Receivables within one year -€163,722
down €163,722 (-96.3%), from €170,000 to €6,278
of which Trade receivables: -€169,312
- Cash +€22,188
up €22,188 (+9.8%), from €227,234 to €249,423
mainly Net result for the year (+€413,129) and Other debts (+€268,127)
- Tax, wage and social debts -€478,518
down €478,518 (-100.0%), from €478,518 to €0
- Other debts +€268,127
up €268,127 (+37.0%), from €725,123 to €993,250
- Reserves -€81,871
down €81,871 (-79.3%), from €103,198 to €21,327
- Financial income -€711,057
down €711,057 (-96.2%), from €739,087 to €28,030
- Taxes -€189,557
down €189,557 (-58.0%), from €326,892 to €137,336
- Financial charges +€38,538
up €38,538 (+1261.5%), from €3,055 to €41,593
- Gross operating margin +€23,032
up €23,032 (+4.2%), from €546,522 to €569,554
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 | €1,321,652 | €1,028,093 | -€293,559 | -22.2% |
| Fixed assets | 21/28 | €299,719 | €322,049 | +€22,329 | +7.5% |
| Tangible fixed assets | 22/27 | €3,039 | €13,844 | +€10,805 | +355.5% |
| Furniture and vehicles | 24 | €3,039 | €13,844 | +€10,805 | +355.5% |
| Financial fixed assets | 28 | €296,680 | €308,205 | +€11,525 | +3.9% |
| Current assets | 29/58 | €1,021,933 | €706,044 | -€315,888 | -30.9% |
| Amounts receivable within one year | 40/41 | €170,000 | €6,278 | -€163,722 | -96.3% |
| Trade receivables | 40 | €169,312 | €0 | -€169,312 | -100.0% |
| Other amounts receivable | 41 | €688 | €6,278 | +€5,590 | +812.6% |
| Current investments | 50/53 | €621,875 | €450,000 | -€171,875 | -27.6% |
| Cash at bank and in hand | 54/58 | €227,234 | €249,423 | +€22,188 | +9.8% |
| Deferred charges and accrued income | 490/1 | €2,823 | €343 | -€2,480 | -87.8% |
| Total equity and liabilities | 10/49 | €1,321,652 | €1,028,093 | -€293,559 | -22.2% |
| Equity | 10/15 | €113,198 | €31,327 | -€81,871 | -72.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €103,198 | €21,327 | -€81,871 | -79.3% |
| Distributable reserves | 133 | €103,198 | €21,327 | -€81,871 | -79.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,208,454 | €996,765 | -€211,688 | -17.5% |
| Amounts payable within one year | 42/48 | €1,208,454 | €995,995 | -€212,459 | -17.6% |
| Trade debts | 44 | €4,812 | €2,745 | -€2,067 | -43.0% |
| Suppliers | 440/4 | €4,812 | €2,745 | -€2,067 | -43.0% |
| Taxes, remuneration and social security | 45 | €478,518 | €0 | -€478,518 | -100.0% |
| Taxes | 450/3 | €478,518 | €0 | -€478,518 | -100.0% |
| Other amounts payable | 47/48 | €725,123 | €993,250 | +€268,127 | +37.0% |
| Accrued charges and deferred income | 492/3 | - | €771 | +€771 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,687 | €3,621 | +€1,934 | +114.6% |
| Other operating charges | 640/8 | €776 | €1,330 | +€554 | +71.3% |
| Non-recurring operating charges | 66A | - | €574 | +€574 | |
| Gross operating margin | 9900 | €546,522 | €569,554 | +€23,032 | +4.2% |
| Operating profit (loss) | 9901 | €544,058 | €564,028 | +€19,970 | +3.7% |
| Financial income | 75/76B | €739,087 | €28,030 | -€711,057 | -96.2% |
| Recurring financial income | 75 | €739,087 | €28,030 | -€711,057 | -96.2% |
| Financial charges | 65/66B | €3,055 | €41,593 | +€38,538 | +1261.5% |
| Recurring financial charges | 65 | €3,055 | €41,593 | +€38,538 | +1261.5% |
| Profit (loss) for the period before taxes | 9903 | €1,280,090 | €550,465 | -€729,626 | -57.0% |
| Income taxes | 67/77 | €326,892 | €137,336 | -€189,557 | -58.0% |
| Profit (loss) for the period | 9904 | €953,198 | €413,129 | -€540,069 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €953,198 | €413,129 | -€540,069 | -56.7% |
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 8 October 2026 via checked.be.