GENERAL MANAGEMENT OFFICE: 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.
GENERAL MANAGEMENT OFFICE
Largest movements
- Receivables within one year +€5,615
up €5,615 (+28.3%), from €19,842 to €25,456
of which Trade receivables: +€5,266
- Tangible fixed assets -€2,743
down €2,743 (-51.6%), from €5,311 to €2,568
- Cash -€1,156
down €1,156 (-50.8%), from €2,274 to €1,118
mainly Receivables within one year (-€5,615) and Trade debts (-€2,131)
- Financial fixed assets +€1,150
new in 2025: €1,150
- Other debts +€4,339
up €4,339 (+30.9%), from €14,041 to €18,380
- Trade debts -€2,131
down €2,131 (-90.4%), from €2,356 to €226
- Profit (loss) carried forward +€566
up €566 (+0.3%), from -€190,425 to -€189,858
- Gross operating margin -€5,938
down €5,938 (-60.0%), from €9,903 to €3,965
- Taxes -€1,945
down €1,945 (-86.4%), from €2,250 to €305
- Depreciation +€319
up €319 (+13.1%), from €2,424 to €2,743
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.
Derived cash bridge
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 | €27,936 | €31,016 | +€3,080 | +11.0% |
| Fixed assets | 21/28 | €5,311 | €3,718 | -€1,593 | -30.0% |
| Tangible fixed assets | 22/27 | €5,311 | €2,568 | -€2,743 | -51.6% |
| Furniture and vehicles | 24 | €5,311 | €2,568 | -€2,743 | -51.6% |
| Financial fixed assets | 28 | - | €1,150 | +€1,150 | |
| Current assets | 29/58 | €22,625 | €27,298 | +€4,673 | +20.7% |
| Amounts receivable within one year | 40/41 | €19,842 | €25,456 | +€5,615 | +28.3% |
| Trade receivables | 40 | €18,007 | €23,273 | +€5,266 | +29.2% |
| Other amounts receivable | 41 | €1,834 | €2,183 | +€349 | +19.0% |
| Cash at bank and in hand | 54/58 | €2,274 | €1,118 | -€1,156 | -50.8% |
| Deferred charges and accrued income | 490/1 | €510 | €724 | +€214 | +42.0% |
| Total equity and liabilities | 10/49 | €27,936 | €31,016 | +€3,080 | +11.0% |
| Equity | 10/15 | -€128,461 | -€127,895 | +€566 | +0.4% |
| Contributions | 10/11 | €61,963 | €61,963 | = | 0.0% |
| Capital | 10 | €61,963 | €61,963 | = | 0.0% |
| Issued capital | 100 | €61,963 | €61,963 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€190,425 | -€189,858 | +€566 | +0.3% |
| Amounts payable | 17/49 | €156,397 | €158,911 | +€2,514 | +1.6% |
| Amounts payable after more than one year | 17 | €140,000 | €140,000 | = | 0.0% |
| Other amounts payable | 178/9 | €140,000 | €140,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €16,397 | €18,911 | +€2,514 | +15.3% |
| Trade debts | 44 | €2,356 | €226 | -€2,131 | -90.4% |
| Suppliers | 440/4 | €2,356 | €226 | -€2,131 | -90.4% |
| Taxes, remuneration and social security | 45 | - | €305 | +€305 | |
| Taxes | 450/3 | - | €305 | +€305 | |
| Other amounts payable | 47/48 | €14,041 | €18,380 | +€4,339 | +30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,424 | €2,743 | +€319 | +13.1% |
| Other operating charges | 640/8 | €200 | €279 | +€79 | +39.7% |
| Gross operating margin | 9900 | €9,903 | €3,965 | -€5,938 | -60.0% |
| Operating profit (loss) | 9901 | €7,279 | €944 | -€6,336 | -87.0% |
| Financial charges | 65/66B | €61 | €72 | +€11 | +18.0% |
| Recurring financial charges | 65 | €61 | €72 | +€11 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €7,218 | €871 | -€6,347 | -87.9% |
| Income taxes | 67/77 | €2,250 | €305 | -€1,945 | -86.4% |
| Profit (loss) for the period | 9904 | €4,968 | €566 | -€4,402 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,968 | €566 | -€4,402 | -88.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.