GCN: 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.
GCN
Largest movements
- Receivables within one year +€9,814
up €9,814 (+63.7%), from €15,399 to €25,213
of which Other amounts receivable: +€10,292
- Tangible fixed assets +€3,153
new in 2025: €3,153
- Cash -€1,267
down €1,267 (-32.9%), from €3,850 to €2,583
mainly Contributions, distributions and other (-€10,000) and Receivables within one year (-€9,814)
- Profit (loss) carried forward +€12,954
up €12,954, from -€8,737 to €4,217
- Trade debts -€3,726
down €3,726 (-89.5%), from €4,164 to €438
- Tax, wage and social debts +€2,473
up €2,473 (+73.6%), from €3,362 to €5,835
of which Taxes: +€4,646
- Gross operating margin +€56,867
up €56,867, from -€31,249 to €25,617
- Depreciation +€847
new in 2025: €847
- Other operating charges +€708
up €708 (+237.5%), from €298 to €1,005
- Financial charges +€320
up €320 (+180.5%), from €177 to €497
- Taxes +€314
new in 2025: €314
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 | €19,249 | €30,950 | +€11,701 | +60.8% |
| Fixed assets | 21/28 | - | €3,153 | +€3,153 | |
| Tangible fixed assets | 22/27 | - | €3,153 | +€3,153 | |
| Furniture and vehicles | 24 | - | €3,153 | +€3,153 | |
| Current assets | 29/58 | €19,249 | €27,796 | +€8,547 | +44.4% |
| Amounts receivable within one year | 40/41 | €15,399 | €25,213 | +€9,814 | +63.7% |
| Trade receivables | 40 | €14,381 | €13,903 | -€478 | -3.3% |
| Other amounts receivable | 41 | €1,018 | €11,310 | +€10,292 | +1011.5% |
| Cash at bank and in hand | 54/58 | €3,850 | €2,583 | -€1,267 | -32.9% |
| Total equity and liabilities | 10/49 | €19,249 | €30,950 | +€11,701 | +60.8% |
| Equity | 10/15 | €11,723 | €24,677 | +€12,954 | +110.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,737 | €4,217 | +€12,954 | |
| Amounts payable | 17/49 | €7,526 | €6,272 | -€1,254 | -16.7% |
| Amounts payable within one year | 42/48 | €7,526 | €6,272 | -€1,254 | -16.7% |
| Trade debts | 44 | €4,164 | €438 | -€3,726 | -89.5% |
| Suppliers | 440/4 | €4,164 | €438 | -€3,726 | -89.5% |
| Taxes, remuneration and social security | 45 | €3,362 | €5,835 | +€2,473 | +73.6% |
| Taxes | 450/3 | - | €4,646 | +€4,646 | |
| Remuneration and social security | 454/9 | €3,362 | €1,189 | -€2,173 | -64.6% |
| Non-recurring operating income | 76A | €5,775 | - | -€5,775 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €847 | +€847 | |
| Other operating charges | 640/8 | €298 | €1,005 | +€708 | +237.5% |
| Non-recurring operating charges | 66A | €2,270 | - | -€2,270 | |
| Gross operating margin | 9900 | -€31,249 | €25,617 | +€56,867 | |
| Operating profit (loss) | 9901 | -€33,817 | €23,765 | +€57,582 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €177 | €497 | +€320 | +180.5% |
| Recurring financial charges | 65 | €177 | €497 | +€320 | +180.5% |
| Profit (loss) for the period before taxes | 9903 | -€33,994 | €23,268 | +€57,262 | |
| Income taxes | 67/77 | - | €314 | +€314 | |
| Profit (loss) for the period | 9904 | -€33,994 | €22,954 | +€56,949 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,994 | €22,954 | +€56,949 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.