GCcold: 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.
GCcold
Largest movements
- Receivables within one year +€23,613
up €23,613 (+29.1%), from €81,207 to €104,820
of which Other amounts receivable: +€23,035
- Tangible fixed assets +€22,416
new in 2025: €22,416
- Cash +€4,172
up €4,172 (+129%), from €3,238 to €7,410
mainly Net result for the year (+€26,068) and Debts after one year (+€13,825)
- Profit (loss) carried forward +€26,068
up €26,068 (+41.5%), from €62,844 to €88,912
- Debts after one year +€13,825
new in 2025: €13,825
- Trade debts +€11,129
up €11,129 (+464%), from €2,401 to €13,530
- Tax, wage and social debts -€5,220
down €5,220 (-30.4%), from €17,201 to €11,980
- Current portion of long-term debt +€4,398
new in 2025: €4,398
- Gross operating margin +€16,345
up €16,345 (+101%), from €16,207 to €32,552
- Taxes +€3,604
up €3,604 (+85.4%), from €4,222 to €7,826
- Financial income +€1,136
up €1,136 (+44.8%), from €2,537 to €3,673
- Financial charges +€896
up €896 (+424%), from €211 to €1,108
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 | €84,445 | €134,646 | +€50,201 | +59.4% |
| Fixed assets | 21/28 | - | €22,416 | +€22,416 | |
| Tangible fixed assets | 22/27 | - | €22,416 | +€22,416 | |
| Land and buildings | 22 | - | €22,416 | +€22,416 | |
| Current assets | 29/58 | €84,445 | €112,230 | +€27,785 | +32.9% |
| Amounts receivable within one year | 40/41 | €81,207 | €104,820 | +€23,613 | +29.1% |
| Trade receivables | 40 | €47,000 | €47,578 | +€578 | +1.2% |
| Other amounts receivable | 41 | €34,207 | €57,242 | +€23,035 | +67.3% |
| Cash at bank and in hand | 54/58 | €3,238 | €7,410 | +€4,172 | +129% |
| Total equity and liabilities | 10/49 | €84,445 | €134,646 | +€50,201 | +59.4% |
| Equity | 10/15 | €64,844 | €90,912 | +€26,068 | +40.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,844 | €88,912 | +€26,068 | +41.5% |
| Amounts payable | 17/49 | €19,601 | €43,734 | +€24,133 | +123% |
| Amounts payable after more than one year | 17 | - | €13,825 | +€13,825 | |
| Financial debts | 170/4 | - | €13,825 | +€13,825 | |
| Amounts payable within one year | 42/48 | €19,601 | €29,909 | +€10,308 | +52.6% |
| Current portion of amounts payable after more than one year | 42 | - | €4,398 | +€4,398 | |
| Trade debts | 44 | €2,401 | €13,530 | +€11,129 | +464% |
| Suppliers | 440/4 | €2,401 | €13,530 | +€11,129 | +464% |
| Taxes, remuneration and social security | 45 | €17,201 | €11,980 | -€5,220 | -30.4% |
| Taxes | 450/3 | €17,201 | €11,980 | -€5,220 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €291 | +€291 | |
| Other operating charges | 640/8 | €686 | €932 | +€247 | +36.0% |
| Gross operating margin | 9900 | €16,207 | €32,552 | +€16,345 | +101% |
| Operating profit (loss) | 9901 | €15,522 | €31,328 | +€15,807 | +102% |
| Financial income | 75/76B | €2,537 | €3,673 | +€1,136 | +44.8% |
| Recurring financial income | 75 | €2,537 | €3,673 | +€1,136 | +44.8% |
| Financial charges | 65/66B | €211 | €1,108 | +€896 | +424% |
| Recurring financial charges | 65 | €211 | €1,108 | +€896 | +424% |
| Profit (loss) for the period before taxes | 9903 | €17,847 | €33,894 | +€16,047 | +89.9% |
| Income taxes | 67/77 | €4,222 | €7,826 | +€3,604 | +85.4% |
| Profit (loss) for the period | 9904 | €13,626 | €26,068 | +€12,442 | +91.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,626 | €26,068 | +€12,442 | +91.3% |
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 14 October 2026 via checked.be.