GCG: what changed
Two fiscal 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.
GCG
Largest movements
- Receivables within one year +€195,144
new in 2026: €195,144
- Cash +€138,086
up €138,086 (+95.1%), from €145,164 to €283,250
mainly Net result for the year (+€263,390) and Tax, wage and social debts (+€78,648)
- Tangible fixed assets +€6,932
new in 2026: €6,932
- Reserves +€263,390
up €263,390 (+250.3%), from €105,225 to €368,615
- Tax, wage and social debts +€78,648
up €78,648 (+210.7%), from €37,328 to €115,976
- Gross operating margin +€236,179
up €236,179 (+201.5%), from €117,227 to €353,406
- Taxes +€61,749
up €61,749 (+239.1%), from €25,824 to €87,573
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,599 | €490,340 | +€341,741 | +230.0% |
| Fixed assets | 21/28 | - | €6,932 | +€6,932 | |
| Tangible fixed assets | 22/27 | - | €6,932 | +€6,932 | |
| Furniture and vehicles | 24 | - | €6,932 | +€6,932 | |
| Current assets | 29/58 | €148,599 | €483,408 | +€334,809 | +225.3% |
| Amounts receivable within one year | 40/41 | - | €195,144 | +€195,144 | |
| Trade receivables | 40 | - | €195,144 | +€195,144 | |
| Cash at bank and in hand | 54/58 | €145,164 | €283,250 | +€138,086 | +95.1% |
| Deferred charges and accrued income | 490/1 | €3,435 | €5,014 | +€1,579 | +46.0% |
| Total equity and liabilities | 10/49 | €148,599 | €490,340 | +€341,741 | +230.0% |
| Equity | 10/15 | €110,225 | €373,615 | +€263,390 | +239.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €105,225 | €368,615 | +€263,390 | +250.3% |
| Distributable reserves | 133 | €105,225 | €368,615 | +€263,390 | +250.3% |
| Amounts payable | 17/49 | €38,374 | €116,725 | +€78,351 | +204.2% |
| Amounts payable within one year | 42/48 | €38,374 | €116,725 | +€78,351 | +204.2% |
| Trade debts | 44 | €782 | €483 | -€299 | -38.2% |
| Suppliers | 440/4 | €782 | €483 | -€299 | -38.2% |
| Taxes, remuneration and social security | 45 | €37,328 | €115,976 | +€78,648 | +210.7% |
| Taxes | 450/3 | €37,328 | €115,976 | +€78,648 | +210.7% |
| Other amounts payable | 47/48 | €264 | €266 | +€2 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €301 | +€301 | |
| Other operating charges | 640/8 | €3,061 | €1,892 | -€1,169 | -38.2% |
| Gross operating margin | 9900 | €117,227 | €353,406 | +€236,179 | +201.5% |
| Operating profit (loss) | 9901 | €114,166 | €351,213 | +€237,047 | +207.6% |
| Financial income | 75/76B | €4 | €297 | +€293 | +7224.6% |
| Recurring financial income | 75 | €4 | €297 | +€293 | +7224.6% |
| Financial charges | 65/66B | €582 | €547 | -€35 | -6.0% |
| Recurring financial charges | 65 | €582 | €547 | -€35 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €113,588 | €350,963 | +€237,375 | +209.0% |
| Income taxes | 67/77 | €25,824 | €87,573 | +€61,749 | +239.1% |
| Profit (loss) for the period | 9904 | €87,764 | €263,390 | +€175,626 | +200.1% |
| Profit (loss) for the period to be appropriated | 9905 | €87,764 | €263,390 | +€175,626 | +200.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.