GCOT: 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.
GCOT
Largest movements
- Receivables within one year +€53,592
up €53,592 (+871.7%), from €6,148 to €59,740
of which Other amounts receivable: +€52,592
- Tangible fixed assets +€11,823
up €11,823 (+1313.4%), from €900 to €12,723
of which Plant, machinery and equipment: +€12,223
- Cash +€4,082
up €4,082 (+9.7%), from €41,936 to €46,018
mainly Net result for the year (+€47,455) and Tax, wage and social debts (+€20,204)
- Profit (loss) carried forward +€46,622
up €46,622 (+155.4%), from €29,996 to €76,618
- Tax, wage and social debts +€20,204
up €20,204 (+132.2%), from €15,289 to €35,493
of which Taxes: +€18,204
- Debts after one year +€3,290
new in 2025: €3,290
- Gross operating margin +€20,576
up €20,576 (+48.5%), from €42,423 to €62,999
- Financial charges +€2,171
up €2,171 (+803.5%), from €270 to €2,442
- Taxes +€1,950
up €1,950 (+18.1%), from €10,785 to €12,734
- Financial income +€1,485
up €1,485 (+542.8%), from €274 to €1,758
- Depreciation +€1,340
up €1,340 (+443.9%), from €302 to €1,642
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 | €48,984 | €118,481 | +€69,497 | +141.9% |
| Fixed assets | 21/28 | €900 | €12,723 | +€11,823 | +1313.4% |
| Tangible fixed assets | 22/27 | €900 | €12,723 | +€11,823 | +1313.4% |
| Plant, machinery and equipment | 23 | - | €12,223 | +€12,223 | |
| Furniture and vehicles | 24 | €900 | €500 | -€401 | -44.5% |
| Current assets | 29/58 | €48,084 | €105,758 | +€57,674 | +119.9% |
| Amounts receivable within one year | 40/41 | €6,148 | €59,740 | +€53,592 | +871.7% |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | €6,148 | €58,740 | +€52,592 | +855.5% |
| Cash at bank and in hand | 54/58 | €41,936 | €46,018 | +€4,082 | +9.7% |
| Total equity and liabilities | 10/49 | €48,984 | €118,481 | +€69,497 | +141.9% |
| Equity | 10/15 | €32,496 | €79,118 | +€46,622 | +143.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,996 | €76,618 | +€46,622 | +155.4% |
| Amounts payable | 17/49 | €16,488 | €39,363 | +€22,875 | +138.7% |
| Amounts payable after more than one year | 17 | - | €3,290 | +€3,290 | |
| Financial debts | 170/4 | - | €3,290 | +€3,290 | |
| Amounts payable within one year | 42/48 | €16,488 | €36,073 | +€19,585 | +118.8% |
| Trade debts | 44 | €617 | €580 | -€36 | -5.9% |
| Suppliers | 440/4 | €617 | €580 | -€36 | -5.9% |
| Taxes, remuneration and social security | 45 | €15,289 | €35,493 | +€20,204 | +132.2% |
| Taxes | 450/3 | €12,789 | €30,993 | +€18,204 | +142.3% |
| Remuneration and social security | 454/9 | €2,500 | €4,500 | +€2,000 | +80.0% |
| Other amounts payable | 47/48 | €583 | - | -€583 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €302 | €1,642 | +€1,340 | +443.9% |
| Other operating charges | 640/8 | €511 | €485 | -€26 | -5.2% |
| Gross operating margin | 9900 | €42,423 | €62,999 | +€20,576 | +48.5% |
| Operating profit (loss) | 9901 | €41,610 | €60,873 | +€19,263 | +46.3% |
| Financial income | 75/76B | €274 | €1,758 | +€1,485 | +542.8% |
| Recurring financial income | 75 | €274 | €1,758 | +€1,485 | +542.8% |
| Financial charges | 65/66B | €270 | €2,442 | +€2,171 | +803.5% |
| Recurring financial charges | 65 | €270 | €2,442 | +€2,171 | +803.5% |
| Profit (loss) for the period before taxes | 9903 | €41,613 | €60,189 | +€18,576 | +44.6% |
| Income taxes | 67/77 | €10,785 | €12,734 | +€1,950 | +18.1% |
| Profit (loss) for the period | 9904 | €30,829 | €47,455 | +€16,626 | +53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,829 | €47,455 | +€16,626 | +53.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.