GC innovate: 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 innovate
Largest movements
- Receivables within one year -€566,762
down €566,762 (-33.3%), from €1.7m to €1.1m
- Cash -€186,729
down €186,729 (-90.7%), from €205,787 to €19,058
mainly Net result for the year (-€366,827) and Other debts (-€310,717)
- Stocks and contracts -€28,059
no longer reported in 2025 (was €28,059)
- Profit (loss) carried forward -€366,827
down €366,827 (-27.0%), from -€1.4m to -€1.7m
- Other debts -€310,717
down €310,717 (-16.0%), from €1.9m to €1.6m
- Tax, wage and social debts -€61,408
down €61,408 (-43.4%), from €141,641 to €80,233
- Trade debts -€26,876
down €26,876 (-2.4%), from €1.1m to €1.1m
- Purchases and services -€208,912
down €208,912 (-4.2%), from €5.0m to €4.8m
- Turnover -€183,970
down €183,970 (-4.0%), from €4.6m to €4.5m
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 | €1,938,823 | €1,156,764 | -€782,059 | -40.3% |
| Fixed assets | 21/28 | €1,786 | €1,220 | -€566 | -31.7% |
| Tangible fixed assets | 22/27 | €1,786 | €1,220 | -€566 | -31.7% |
| Other tangible fixed assets | 26 | €1,786 | €1,220 | -€566 | -31.7% |
| Current assets | 29/58 | €1,937,037 | €1,155,544 | -€781,493 | -40.3% |
| Stocks and contracts in progress | 3 | €28,059 | - | -€28,059 | |
| Contracts in progress | 37 | €28,059 | - | -€28,059 | |
| Amounts receivable within one year | 40/41 | €1,702,832 | €1,136,070 | -€566,762 | -33.3% |
| Trade receivables | 40 | €1,702,832 | €1,136,070 | -€566,762 | -33.3% |
| Cash at bank and in hand | 54/58 | €205,787 | €19,058 | -€186,729 | -90.7% |
| Deferred charges and accrued income | 490/1 | €360 | €416 | +€57 | +15.7% |
| Total equity and liabilities | 10/49 | €1,938,823 | €1,156,764 | -€782,059 | -40.3% |
| Equity | 10/15 | -€1,294,680 | -€1,661,507 | -€366,827 | -28.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,356,680 | -€1,723,507 | -€366,827 | -27.0% |
| Amounts payable | 17/49 | €3,233,503 | €2,818,271 | -€415,232 | -12.8% |
| Amounts payable within one year | 42/48 | €3,217,272 | €2,818,271 | -€399,001 | -12.4% |
| Trade debts | 44 | €1,129,901 | €1,103,025 | -€26,876 | -2.4% |
| Suppliers | 440/4 | €1,129,901 | €1,103,025 | -€26,876 | -2.4% |
| Taxes, remuneration and social security | 45 | €141,641 | €80,233 | -€61,408 | -43.4% |
| Taxes | 450/3 | €141,641 | €80,233 | -€61,408 | -43.4% |
| Other amounts payable | 47/48 | €1,945,730 | €1,635,013 | -€310,717 | -16.0% |
| Accrued charges and deferred income | 492/3 | €16,231 | - | -€16,231 | |
| Turnover | 70 | €4,649,282 | €4,465,311 | -€183,970 | -4.0% |
| Non-recurring operating income | 76A | €210 | - | -€210 | |
| Goods, raw materials, services and sundry goods | 60/61 | €4,962,304 | €4,753,392 | -€208,912 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €609 | €566 | -€43 | -7.1% |
| Other operating charges | 640/8 | €1,023 | €1,576 | +€554 | +54.1% |
| Gross operating margin | 9900 | -€312,811 | -€284,646 | +€28,165 | +9.0% |
| Operating profit (loss) | 9901 | -€314,443 | -€286,788 | +€27,655 | +8.8% |
| Financial income | 75/76B | €713 | €6,661 | +€5,948 | +834% |
| Recurring financial income | 75 | €713 | €6,661 | +€5,948 | +834% |
| Financial charges | 65/66B | €74,814 | €86,700 | +€11,886 | +15.9% |
| Recurring financial charges | 65 | €74,814 | €86,700 | +€11,886 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | -€388,544 | -€366,827 | +€21,717 | +5.6% |
| Profit (loss) for the period | 9904 | -€388,544 | -€366,827 | +€21,717 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€388,544 | -€366,827 | +€21,717 | +5.6% |
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 1 November 2026 via checked.be.