GC Group: 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 Group
Largest movements
- Cash +€40,018
up €40,018 (+98.6%), from €40,601 to €80,618
mainly Receivables within one year (+€39,412) and Investment in fixed assets (net) (+€5,700)
- Receivables within one year -€39,412
down €39,412 (-3.6%), from €1.1m to €1.1m
of which Other amounts receivable: -€40,940
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€5,904
up €5,904 (+3,525%), from €168 to €6,072
of which Non-recurring financial charges: +€5,897
- Gross operating margin -€1,961
down €1,961 (-51.6%), from -€3,800 to -€5,760
- Other operating charges +€1,264
up €1,264 (+329%), from €384 to €1,649
- Financial income +€875
up €875 (+11.1%), from €7,912 to €8,788
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 | €1,551,804 | €1,548,270 | -€3,534 | -0.2% |
| Fixed assets | 21/28 | €412,069 | €406,369 | -€5,700 | -1.4% |
| Financial fixed assets | 28 | €412,069 | €406,369 | -€5,700 | -1.4% |
| Current assets | 29/58 | €1,139,736 | €1,141,901 | +€2,166 | +0.2% |
| Amounts receivable within one year | 40/41 | €1,094,230 | €1,054,818 | -€39,412 | -3.6% |
| Trade receivables | 40 | - | €1,528 | +€1,528 | |
| Other amounts receivable | 41 | €1,094,230 | €1,053,290 | -€40,940 | -3.7% |
| Cash at bank and in hand | 54/58 | €40,601 | €80,618 | +€40,018 | +98.6% |
| Deferred charges and accrued income | 490/1 | €4,904 | €6,465 | +€1,561 | +31.8% |
| Total equity and liabilities | 10/49 | €1,551,804 | €1,548,270 | -€3,534 | -0.2% |
| Equity | 10/15 | €1,550,960 | €1,546,267 | -€4,693 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,532,360 | €1,527,667 | -€4,693 | -0.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,530,500 | €1,525,807 | -€4,693 | -0.3% |
| Amounts payable | 17/49 | €845 | €2,004 | +€1,159 | +137% |
| Amounts payable within one year | 42/48 | €845 | €2,004 | +€1,159 | +137% |
| Trade debts | 44 | €845 | €2,004 | +€1,159 | +137% |
| Suppliers | 440/4 | €845 | €2,004 | +€1,159 | +137% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other operating charges | 640/8 | €384 | €1,649 | +€1,264 | +329% |
| Gross operating margin | 9900 | -€3,800 | -€5,760 | -€1,961 | -51.6% |
| Operating profit (loss) | 9901 | -€4,184 | -€7,409 | -€3,225 | -77.1% |
| Financial income | 75/76B | €7,912 | €8,788 | +€875 | +11.1% |
| Recurring financial income | 75 | €7,912 | €8,788 | +€875 | +11.1% |
| Financial charges | 65/66B | €168 | €6,072 | +€5,904 | +3,525% |
| Recurring financial charges | 65 | €168 | €174 | +€7 | +4.1% |
| Non-recurring financial charges | 66B | €0 | €5,897 | +€5,897 | |
| Profit (loss) for the period before taxes | 9903 | €3,560 | -€4,693 | -€8,254 | |
| Income taxes | 67/77 | €14 | €0 | -€14 | -100% |
| Profit (loss) for the period | 9904 | €3,546 | -€4,693 | -€8,240 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,546 | -€4,693 | -€8,240 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.