GF HOLDING: 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 HOLDING
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€64,023
down €64,023 (-9.4%), from €683,112 to €619,089
- Other debts +€44,500
up €44,500 (+28.7%), from €154,784 to €199,284
- Profit (loss) carried forward +€18,594
up €18,594 (+2.4%), from €775,310 to €793,904
- Financial income -€37,000
down €37,000 (-55.2%), from €67,000 to €30,000
- Financial charges -€1,178
down €1,178 (-11.6%), from €10,171 to €8,993
- Gross operating margin +€107
up €107 (+6.9%), from -€1,553 to -€1,445
- Other operating charges -€29
down €29 (-2.9%), from €996 to €968
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 | €1,851,284 | €1,856,431 | +€5,147 | +0.3% |
| Fixed assets | 21/28 | €1,851,284 | €1,851,284 | = | 0.0% |
| Financial fixed assets | 28 | €1,851,284 | €1,851,284 | = | 0.0% |
| Current assets | 29/58 | - | €5,147 | +€5,147 | |
| Cash at bank and in hand | 54/58 | - | €5,147 | +€5,147 | |
| Total equity and liabilities | 10/49 | €1,851,284 | €1,856,431 | +€5,147 | +0.3% |
| Equity | 10/15 | €780,310 | €798,904 | +€18,594 | +2.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €775,310 | €793,904 | +€18,594 | +2.4% |
| Amounts payable | 17/49 | €1,070,974 | €1,057,527 | -€13,447 | -1.3% |
| Amounts payable after more than one year | 17 | €683,112 | €619,089 | -€64,023 | -9.4% |
| Financial debts | 170/4 | €683,112 | €619,089 | -€64,023 | -9.4% |
| Amounts payable within one year | 42/48 | €366,438 | €410,164 | +€43,726 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €210,234 | €210,880 | +€646 | +0.3% |
| Financial debts | 43 | €1,420 | - | -€1,420 | |
| Credit institutions | 430/8 | €1,420 | - | -€1,420 | |
| Other amounts payable | 47/48 | €154,784 | €199,284 | +€44,500 | +28.7% |
| Accrued charges and deferred income | 492/3 | €21,424 | €28,274 | +€6,850 | +32.0% |
| Other operating charges | 640/8 | €996 | €968 | -€29 | -2.9% |
| Gross operating margin | 9900 | -€1,553 | -€1,445 | +€107 | +6.9% |
| Operating profit (loss) | 9901 | -€2,549 | -€2,413 | +€136 | +5.3% |
| Financial income | 75/76B | €67,000 | €30,000 | -€37,000 | -55.2% |
| Recurring financial income | 75 | €67,000 | €30,000 | -€37,000 | -55.2% |
| Financial charges | 65/66B | €10,171 | €8,993 | -€1,178 | -11.6% |
| Recurring financial charges | 65 | €10,171 | €8,993 | -€1,178 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €54,280 | €18,594 | -€35,686 | -65.7% |
| Profit (loss) for the period | 9904 | €54,280 | €18,594 | -€35,686 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,280 | €18,594 | -€35,686 | -65.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.