GC Insights: 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 Insights
Largest movements
- Cash -€30,526
down €30,526 (-94.3%), from €32,374 to €1,848
mainly Contributions, distributions and other (-€30,087) and Current portion of long-term debt (-€21,000)
- Receivables within one year -€5,605
down €5,605 (-19.1%), from €29,276 to €23,671
of which Trade receivables: -€5,598
- Tangible fixed assets +€4,356
up €4,356 (+224%), from €1,944 to €6,300
of which Other tangible fixed assets: +€3,667
- Deferred charges and accrued income +€1,139
up €1,139 (+721%), from €158 to €1,297
- Current portion of long-term debt -€21,000
down €21,000 (-100%), from €21,000 to €0
- Profit (loss) carried forward -€6,702
down €6,702 (-79.2%), from €8,461 to €1,759
- Other debts -€5,000
down €5,000 (-100%), from €5,000 to €0
- Tax, wage and social debts +€1,401
up €1,401 (+6.5%), from €21,665 to €23,066
- Trade debts +€664
up €664 (+25.3%), from €2,625 to €3,289
- Gross operating margin -€65,440
down €65,440 (-64.2%), from €101,964 to €36,524
- Taxes -€12,166
down €12,166 (-61.3%), from €19,851 to €7,685
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 | €63,751 | €33,115 | -€30,636 | -48.1% |
| Fixed assets | 21/28 | €1,944 | €6,300 | +€4,356 | +224% |
| Tangible fixed assets | 22/27 | €1,944 | €6,300 | +€4,356 | +224% |
| Plant, machinery and equipment | 23 | €681 | €383 | -€298 | -43.8% |
| Furniture and vehicles | 24 | €1,263 | €2,250 | +€987 | +78.1% |
| Other tangible fixed assets | 26 | - | €3,667 | +€3,667 | |
| Current assets | 29/58 | €61,807 | €26,815 | -€34,992 | -56.6% |
| Amounts receivable within one year | 40/41 | €29,276 | €23,671 | -€5,605 | -19.1% |
| Trade receivables | 40 | €20,619 | €15,022 | -€5,598 | -27.1% |
| Other amounts receivable | 41 | €8,656 | €8,649 | -€7 | -0.1% |
| Cash at bank and in hand | 54/58 | €32,374 | €1,848 | -€30,526 | -94.3% |
| Deferred charges and accrued income | 490/1 | €158 | €1,297 | +€1,139 | +721% |
| Total equity and liabilities | 10/49 | €63,751 | €33,115 | -€30,636 | -48.1% |
| Equity | 10/15 | €13,461 | €6,759 | -€6,702 | -49.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,461 | €1,759 | -€6,702 | -79.2% |
| Amounts payable | 17/49 | €50,290 | €26,356 | -€23,935 | -47.6% |
| Amounts payable within one year | 42/48 | €50,290 | €26,356 | -€23,935 | -47.6% |
| Current portion of amounts payable after more than one year | 42 | €21,000 | €0 | -€21,000 | -100% |
| Trade debts | 44 | €2,625 | €3,289 | +€664 | +25.3% |
| Suppliers | 440/4 | €2,625 | €3,289 | +€664 | +25.3% |
| Taxes, remuneration and social security | 45 | €21,665 | €23,066 | +€1,401 | +6.5% |
| Taxes | 450/3 | €21,665 | €23,066 | +€1,401 | +6.5% |
| Other amounts payable | 47/48 | €5,000 | €0 | -€5,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €650 | €1,325 | +€676 | +104% |
| Other operating charges | 640/8 | €63 | €543 | +€480 | +761% |
| Gross operating margin | 9900 | €101,964 | €36,524 | -€65,440 | -64.2% |
| Operating profit (loss) | 9901 | €101,251 | €34,656 | -€66,595 | -65.8% |
| Financial income | 75/76B | €3 | €25 | +€23 | +898% |
| Recurring financial income | 75 | €3 | €25 | +€23 | +898% |
| Financial charges | 65/66B | €2,738 | €3,611 | +€873 | +31.9% |
| Recurring financial charges | 65 | €2,738 | €3,611 | +€873 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | €98,515 | €31,070 | -€67,445 | -68.5% |
| Income taxes | 67/77 | €19,851 | €7,685 | -€12,166 | -61.3% |
| Profit (loss) for the period | 9904 | €78,664 | €23,385 | -€55,279 | -70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €78,664 | €23,385 | -€55,279 | -70.3% |
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.