GF CORP: 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.
GF CORP
Largest movements
- Receivables within one year -€37,773
down €37,773 (-67.8%), from €55,719 to €17,946
of which Trade receivables: -€44,470
- Cash -€12,508
down €12,508 (-91.4%), from €13,685 to €1,177
mainly Trade debts (-€38,169) and Net result for the year (-€16,093)
- Deferred charges and accrued income +€1,219
new in 2025: €1,219
- Trade debts -€38,169
down €38,169 (-97.1%), from €39,296 to €1,127
- Profit (loss) carried forward -€16,093
down €16,093 (-78.5%), from €20,511 to €4,418
- Tax, wage and social debts +€5,389
up €5,389 (+56.7%), from €9,497 to €14,887
of which Remuneration and social security: +€5,232
- Gross operating margin -€37,387
down €37,387, from €36,841 to -€546
- Staff costs +€13,618
new in 2025: €13,618
- Taxes -€9,340
down €9,340 (-98.3%), from €9,497 to €158
- Financial charges +€1,115
up €1,115 (+3,863%), from €29 to €1,144
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 | €69,404 | €20,532 | -€48,872 | -70.4% |
| Fixed assets | 21/28 | - | €190 | +€190 | |
| Financial fixed assets | 28 | - | €190 | +€190 | |
| Current assets | 29/58 | €69,404 | €20,342 | -€49,062 | -70.7% |
| Amounts receivable within one year | 40/41 | €55,719 | €17,946 | -€37,773 | -67.8% |
| Trade receivables | 40 | €46,505 | €2,035 | -€44,470 | -95.6% |
| Other amounts receivable | 41 | €9,214 | €15,911 | +€6,697 | +72.7% |
| Cash at bank and in hand | 54/58 | €13,685 | €1,177 | -€12,508 | -91.4% |
| Deferred charges and accrued income | 490/1 | - | €1,219 | +€1,219 | |
| Total equity and liabilities | 10/49 | €69,404 | €20,532 | -€48,872 | -70.4% |
| Equity | 10/15 | €20,611 | €4,518 | -€16,093 | -78.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,511 | €4,418 | -€16,093 | -78.5% |
| Amounts payable | 17/49 | €48,793 | €16,014 | -€32,780 | -67.2% |
| Amounts payable within one year | 42/48 | €48,793 | €16,014 | -€32,780 | -67.2% |
| Trade debts | 44 | €39,296 | €1,127 | -€38,169 | -97.1% |
| Suppliers | 440/4 | €39,296 | €1,127 | -€38,169 | -97.1% |
| Taxes, remuneration and social security | 45 | €9,497 | €14,887 | +€5,389 | +56.7% |
| Taxes | 450/3 | €9,497 | €9,655 | +€158 | +1.7% |
| Remuneration and social security | 454/9 | - | €5,232 | +€5,232 | |
| Remuneration, social security and pensions | 62 | - | €13,618 | +€13,618 | |
| Other operating charges | 640/8 | €895 | €628 | -€267 | -29.8% |
| Non-recurring operating charges | 66A | €5,910 | - | -€5,910 | |
| Gross operating margin | 9900 | €36,841 | -€546 | -€37,387 | |
| Operating profit (loss) | 9901 | €30,037 | -€14,791 | -€44,828 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €29 | €1,144 | +€1,115 | +3,863% |
| Recurring financial charges | 65 | €29 | €1,144 | +€1,115 | +3,863% |
| Profit (loss) for the period before taxes | 9903 | €30,008 | -€15,935 | -€45,943 | |
| Income taxes | 67/77 | €9,497 | €158 | -€9,340 | -98.3% |
| Profit (loss) for the period | 9904 | €20,511 | -€16,093 | -€36,604 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,511 | -€16,093 | -€36,604 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.