GFA CLINIC: 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.
GFA CLINIC
Largest movements
- Tangible fixed assets -€95,932
down €95,932 (-6.2%), from €1.5m to €1.5m
of which Land and buildings: -€106,960
- Cash +€18,510
up €18,510 (+524%), from €3,533 to €22,042
mainly Depreciation (+€116,863) and Current portion of long-term debt (+€34,673)
- Profit (loss) carried forward -€85,991
down €85,991 (-21.3%), from -€403,798 to -€489,789
- Current portion of long-term debt +€34,673
up €34,673 (+42.7%), from €81,170 to €115,843
- Debts after one year -€15,843
down €15,843 (-1.1%), from €1.5m to €1.5m
- Gross operating margin +€53,439
up €53,439 (+161%), from €33,094 to €86,532
- Financial charges +€21,194
up €21,194 (+81.1%), from €26,120 to €47,314
- Depreciation +€2,836
up €2,836 (+2.5%), from €114,027 to €116,863
- Other operating charges +€2,428
up €2,428 (+41.0%), from €5,925 to €8,353
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 | €1,568,906 | €1,481,125 | -€87,781 | -5.6% |
| Fixed assets | 21/28 | €1,550,356 | €1,453,717 | -€96,639 | -6.2% |
| Intangible fixed assets | 21 | €1,917 | €1,210 | -€707 | -36.9% |
| Tangible fixed assets | 22/27 | €1,548,438 | €1,452,507 | -€95,932 | -6.2% |
| Land and buildings | 22 | €1,507,359 | €1,400,398 | -€106,960 | -7.1% |
| Plant, machinery and equipment | 23 | €31,409 | €31,476 | +€67 | +0.2% |
| Furniture and vehicles | 24 | €9,670 | €5,561 | -€4,109 | -42.5% |
| Assets under construction and advance payments | 27 | - | €15,071 | +€15,071 | |
| Current assets | 29/58 | €18,550 | €27,408 | +€8,858 | +47.8% |
| Amounts receivable within one year | 40/41 | €14,943 | €4,919 | -€10,024 | -67.1% |
| Trade receivables | 40 | €10,501 | €1,345 | -€9,156 | -87.2% |
| Other amounts receivable | 41 | €4,442 | €3,574 | -€868 | -19.6% |
| Cash at bank and in hand | 54/58 | €3,533 | €22,042 | +€18,510 | +524% |
| Deferred charges and accrued income | 490/1 | €74 | €447 | +€373 | +506% |
| Total equity and liabilities | 10/49 | €1,568,906 | €1,481,125 | -€87,781 | -5.6% |
| Equity | 10/15 | -€284,798 | -€370,789 | -€85,991 | -30.2% |
| Contributions | 10/11 | €119,000 | €119,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€403,798 | -€489,789 | -€85,991 | -21.3% |
| Amounts payable | 17/49 | €1,853,703 | €1,851,914 | -€1,790 | -0.1% |
| Amounts payable after more than one year | 17 | €1,473,604 | €1,457,761 | -€15,843 | -1.1% |
| Financial debts | 170/4 | €1,473,604 | €1,457,761 | -€15,843 | -1.1% |
| Amounts payable within one year | 42/48 | €373,294 | €394,153 | +€20,859 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €81,170 | €115,843 | +€34,673 | +42.7% |
| Trade debts | 44 | €13,624 | €1,933 | -€11,691 | -85.8% |
| Suppliers | 440/4 | €13,624 | €1,933 | -€11,691 | -85.8% |
| Taxes, remuneration and social security | 45 | - | €3,161 | +€3,161 | |
| Taxes | 450/3 | - | €3,161 | +€3,161 | |
| Other amounts payable | 47/48 | €278,500 | €273,216 | -€5,284 | -1.9% |
| Accrued charges and deferred income | 492/3 | €6,805 | - | -€6,805 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,027 | €116,863 | +€2,836 | +2.5% |
| Other operating charges | 640/8 | €5,925 | €8,353 | +€2,428 | +41.0% |
| Gross operating margin | 9900 | €33,094 | €86,532 | +€53,439 | +161% |
| Operating profit (loss) | 9901 | -€86,858 | -€38,684 | +€48,174 | +55.5% |
| Financial income | 75/76B | €103 | €7 | -€96 | -93.2% |
| Recurring financial income | 75 | €103 | €7 | -€96 | -93.2% |
| Financial charges | 65/66B | €26,120 | €47,314 | +€21,194 | +81.1% |
| Recurring financial charges | 65 | €26,120 | €47,314 | +€21,194 | +81.1% |
| Profit (loss) for the period before taxes | 9903 | -€112,875 | -€85,991 | +€26,884 | +23.8% |
| Profit (loss) for the period | 9904 | -€112,875 | -€85,991 | +€26,884 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€112,875 | -€85,991 | +€26,884 | +23.8% |
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 18 October 2026 via checked.be.