GC Log: 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 Log
Largest movements
- Cash -€88,024
down €88,024 (-80.4%), from €109,546 to €21,522
mainly Contributions, distributions and other (-€83,100) and Investment in fixed assets (net) (-€74,546)
- Tangible fixed assets +€61,823
up €61,823 (+2,168%), from €2,851 to €64,674
of which Furniture and vehicles: +€61,715
- Receivables within one year +€6,858
up €6,858 (+17.7%), from €38,761 to €45,619
of which Trade receivables: +€6,203
- Current investments -€4,984
down €4,984 (-5.5%), from €90,665 to €85,681
- Profit (loss) carried forward -€29,455
down €29,455 (-13.8%), from €213,757 to €184,302
- Tax, wage and social debts +€3,581
up €3,581 (+28.0%), from €12,790 to €16,371
- Depreciation +€12,338
up €12,338 (+3,206%), from €385 to €12,723
- Gross operating margin +€12,092
up €12,092 (+17.5%), from €68,910 to €81,001
- Financial income -€3,466
down €3,466 (-83.3%), from €4,162 to €695
of which Financial income: -€1,747
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 | €242,875 | €218,489 | -€24,387 | -10.0% |
| Fixed assets | 21/28 | €2,851 | €64,674 | +€61,823 | +2,168% |
| Tangible fixed assets | 22/27 | €2,851 | €64,674 | +€61,823 | +2,168% |
| Plant, machinery and equipment | 23 | €2,592 | €2,700 | +€108 | +4.2% |
| Furniture and vehicles | 24 | €259 | €61,974 | +€61,715 | +23,815% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €240,024 | €153,814 | -€86,210 | -35.9% |
| Amounts receivable within one year | 40/41 | €38,761 | €45,619 | +€6,858 | +17.7% |
| Trade receivables | 40 | €36,655 | €42,858 | +€6,203 | +16.9% |
| Other amounts receivable | 41 | €2,105 | €2,761 | +€656 | +31.1% |
| Current investments | 50/53 | €90,665 | €85,681 | -€4,984 | -5.5% |
| Cash at bank and in hand | 54/58 | €109,546 | €21,522 | -€88,024 | -80.4% |
| Deferred charges and accrued income | 490/1 | €1,051 | €992 | -€60 | -5.7% |
| Total equity and liabilities | 10/49 | €242,875 | €218,489 | -€24,387 | -10.0% |
| Equity | 10/15 | €228,012 | €198,557 | -€29,455 | -12.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,757 | €184,302 | -€29,455 | -13.8% |
| Amounts payable | 17/49 | €14,864 | €19,932 | +€5,068 | +34.1% |
| Amounts payable within one year | 42/48 | €14,864 | €19,932 | +€5,068 | +34.1% |
| Trade debts | 44 | €309 | €1,267 | +€958 | +310% |
| Suppliers | 440/4 | €309 | €1,267 | +€958 | +310% |
| Taxes, remuneration and social security | 45 | €12,790 | €16,371 | +€3,581 | +28.0% |
| Taxes | 450/3 | €12,790 | €16,371 | +€3,581 | +28.0% |
| Other amounts payable | 47/48 | €1,765 | €2,293 | +€529 | +30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €385 | €12,723 | +€12,338 | +3,206% |
| Other operating charges | 640/8 | €746 | €754 | +€8 | +1.1% |
| Gross operating margin | 9900 | €68,910 | €81,001 | +€12,092 | +17.5% |
| Operating profit (loss) | 9901 | €67,779 | €67,524 | -€255 | -0.4% |
| Financial income | 75/76B | €4,162 | €695 | -€3,466 | -83.3% |
| Recurring financial income | 75 | €2,442 | €695 | -€1,747 | -71.5% |
| Non-recurring financial income | 76B | €1,719 | - | -€1,719 | |
| Financial charges | 65/66B | -€541 | €206 | +€746 | |
| Recurring financial charges | 65 | -€1,788 | €206 | +€1,994 | |
| Non-recurring financial charges | 66B | €1,248 | - | -€1,248 | |
| Profit (loss) for the period before taxes | 9903 | €72,481 | €68,013 | -€4,468 | -6.2% |
| Income taxes | 67/77 | €13,964 | €14,368 | +€404 | +2.9% |
| Profit (loss) for the period | 9904 | €58,517 | €53,645 | -€4,872 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,517 | €53,645 | -€4,872 | -8.3% |
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 17 October 2026 via checked.be.