GCOM: 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.
GCOM
Largest movements
- Financial fixed assets +€18,832
up €18,832 (+257.5%), from €7,312 to €26,144
- Receivables within one year -€12,925
down €12,925 (-60.9%), from €21,215 to €8,290
of which Other amounts receivable: -€19,042
- Cash -€4,206
down €4,206 (-91.3%), from €4,606 to €400
mainly Investment in fixed assets (net) (-€18,832) and Tax, wage and social debts (-€1,340)
- Deferred charges and accrued income +€849
up €849 (+46.3%), from €1,836 to €2,685
- Profit (loss) carried forward +€4,040
up €4,040, from -€1,520 to €2,521
- Tax, wage and social debts -€1,340
down €1,340 (-47.0%), from €2,853 to €1,513
- Trade debts -€465
down €465 (-3.5%), from €13,176 to €12,711
- Financial income -€1,770
down €1,770 (-96.4%), from €1,836 to €66
- Gross operating margin -€878
down €878 (-12.5%), from €7,026 to €6,148
- Taxes +€359
up €359 (+31.1%), from €1,154 to €1,513
- Other operating charges -€313
down €313 (-38.1%), from €820 to €507
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 | €34,969 | €37,520 | +€2,551 | +7.3% |
| Fixed assets | 21/28 | €7,312 | €26,144 | +€18,832 | +257.5% |
| Financial fixed assets | 28 | €7,312 | €26,144 | +€18,832 | +257.5% |
| Current assets | 29/58 | €27,657 | €11,375 | -€16,281 | -58.9% |
| Amounts receivable within one year | 40/41 | €21,215 | €8,290 | -€12,925 | -60.9% |
| Trade receivables | 40 | €1,383 | €7,500 | +€6,118 | +442.5% |
| Other amounts receivable | 41 | €19,832 | €790 | -€19,042 | -96.0% |
| Cash at bank and in hand | 54/58 | €4,606 | €400 | -€4,206 | -91.3% |
| Deferred charges and accrued income | 490/1 | €1,836 | €2,685 | +€849 | +46.3% |
| Total equity and liabilities | 10/49 | €34,969 | €37,520 | +€2,551 | +7.3% |
| Equity | 10/15 | €18,940 | €22,981 | +€4,040 | +21.3% |
| 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 | -€1,520 | €2,521 | +€4,040 | |
| Amounts payable | 17/49 | €16,029 | €14,539 | -€1,490 | -9.3% |
| Amounts payable within one year | 42/48 | €16,029 | €14,224 | -€1,805 | -11.3% |
| Trade debts | 44 | €13,176 | €12,711 | -€465 | -3.5% |
| Suppliers | 440/4 | €13,176 | €12,711 | -€465 | -3.5% |
| Taxes, remuneration and social security | 45 | €2,853 | €1,513 | -€1,340 | -47.0% |
| Taxes | 450/3 | €2,853 | €1,513 | -€1,340 | -47.0% |
| Accrued charges and deferred income | 492/3 | - | €315 | +€315 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €820 | €507 | -€313 | -38.1% |
| Gross operating margin | 9900 | €7,026 | €6,148 | -€878 | -12.5% |
| Operating profit (loss) | 9901 | €6,206 | €5,641 | -€565 | -9.1% |
| Financial income | 75/76B | €1,836 | €66 | -€1,770 | -96.4% |
| Recurring financial income | 75 | €1,836 | €66 | -€1,770 | -96.4% |
| Financial charges | 65/66B | €150 | €153 | +€4 | +2.4% |
| Recurring financial charges | 65 | €150 | €153 | +€4 | +2.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €7,892 | €5,553 | -€2,339 | -29.6% |
| Income taxes | 67/77 | €1,154 | €1,513 | +€359 | +31.1% |
| Profit (loss) for the period | 9904 | €6,738 | €4,040 | -€2,698 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,738 | €4,040 | -€2,698 | -40.0% |
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 7 October 2026 via checked.be.