GCfoto: 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.
GCfoto
Largest movements
- Tangible fixed assets -€16,755
down €16,755 (-40.0%), from €41,869 to €25,114
of which Furniture and vehicles: -€15,660
- Receivables within one year +€8,027
up €8,027 (+47.5%), from €16,894 to €24,921
of which Trade receivables: +€9,883
- Cash +€5,174
up €5,174 (+110.2%), from €4,695 to €9,869
mainly Depreciation (+€28,812) and Net result for the year (+€13,785)
- Debts after one year -€9,269
down €9,269 (-48.9%), from €18,973 to €9,704
- Tax, wage and social debts +€7,604
up €7,604 (+396.0%), from €1,920 to €9,524
- Current portion of long-term debt -€3,966
down €3,966 (-22.3%), from €17,795 to €13,829
- Trade debts +€1,482
up €1,482 (+111.5%), from €1,330 to €2,811
- Other debts +€721
up €721 (+3.6%), from €20,066 to €20,788
- Depreciation -€10,059
down €10,059 (-25.9%), from €38,871 to €28,812
- Gross operating margin +€6,869
up €6,869 (+15.6%), from €44,105 to €50,974
- Taxes +€3,159
up €3,159 (+221.1%), from €1,428 to €4,588
- Staff costs +€731
up €731 (+351.1%), from €208 to €940
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.
Cash bridge derived
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 | €63,458 | €60,029 | -€3,429 | -5.4% |
| Fixed assets | 21/28 | €41,869 | €25,114 | -€16,755 | -40.0% |
| Tangible fixed assets | 22/27 | €41,869 | €25,114 | -€16,755 | -40.0% |
| Land and buildings | 22 | €688 | €1,448 | +€760 | +110.5% |
| Plant, machinery and equipment | 23 | €18,716 | €16,860 | -€1,855 | -9.9% |
| Furniture and vehicles | 24 | €22,465 | €6,805 | -€15,660 | -69.7% |
| Current assets | 29/58 | €21,589 | €34,915 | +€13,326 | +61.7% |
| Amounts receivable within one year | 40/41 | €16,894 | €24,921 | +€8,027 | +47.5% |
| Trade receivables | 40 | €15,037 | €24,921 | +€9,883 | +65.7% |
| Other amounts receivable | 41 | €1,856 | €0 | -€1,856 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,695 | €9,869 | +€5,174 | +110.2% |
| Deferred charges and accrued income | 490/1 | - | €125 | +€125 | |
| Total equity and liabilities | 10/49 | €63,458 | €60,029 | -€3,429 | -5.4% |
| Equity | 10/15 | €3,374 | €3,374 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €374 | €374 | = | 0.0% |
| Distributable reserves | 133 | €374 | €374 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,084 | €56,655 | -€3,429 | -5.7% |
| Amounts payable after more than one year | 17 | €18,973 | €9,704 | -€9,269 | -48.9% |
| Financial debts | 170/4 | €18,973 | €9,704 | -€9,269 | -48.9% |
| Amounts payable within one year | 42/48 | €41,111 | €46,951 | +€5,840 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €17,795 | €13,829 | -€3,966 | -22.3% |
| Trade debts | 44 | €1,330 | €2,811 | +€1,482 | +111.5% |
| Suppliers | 440/4 | €1,330 | €2,811 | +€1,482 | +111.5% |
| Taxes, remuneration and social security | 45 | €1,920 | €9,524 | +€7,604 | +396.0% |
| Taxes | 450/3 | €1,920 | €9,524 | +€7,604 | +396.0% |
| Other amounts payable | 47/48 | €20,066 | €20,788 | +€721 | +3.6% |
| Remuneration, social security and pensions | 62 | €208 | €940 | +€731 | +351.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,871 | €28,812 | -€10,059 | -25.9% |
| Other operating charges | 640/8 | €1,548 | €1,348 | -€200 | -12.9% |
| Gross operating margin | 9900 | €44,105 | €50,974 | +€6,869 | +15.6% |
| Operating profit (loss) | 9901 | €3,478 | €19,874 | +€16,396 | +471.4% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.5% |
| Financial charges | 65/66B | €1,677 | €1,502 | -€175 | -10.5% |
| Recurring financial charges | 65 | €1,677 | €1,502 | -€175 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €1,803 | €18,372 | +€16,570 | +919.2% |
| Income taxes | 67/77 | €1,428 | €4,588 | +€3,159 | +221.1% |
| Profit (loss) for the period | 9904 | €374 | €13,785 | +€13,411 | +3584.4% |
| Profit (loss) for the period to be appropriated | 9905 | €374 | €13,785 | +€13,411 | +3584.4% |
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 12 October 2026 via checked.be.