GFGA: what changed
What changed
GFGA
filed annual accounts (NBB)
Net result for the year
-€2,477
2024 · -€2,089-€389
Equity
€1.3m
2024 · €1.7m-€367,477
Cash
€3,459
2024 · €2,270+€1,190
Balance sheet total
€1.3m
2024 · €1.7m-€367,477
Largest movements
Assets
- Financial fixed assets -€368,667
down €368,667 (-21.9%), from €1.7m to €1.3m
Equity and liabilities
- Contributions -€365,000
down €365,000 (-21.6%), from €1.7m to €1.3m
Income statement
- Gross operating margin -€377
down €377 (-34.9%), from -€1,080 to -€1,457
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€2,089
Gross operating margin
-€377
Other operating charges
-€7
Financial charges
-€5
Result 2025
-€2,477
lowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€2,477
Investment
+€368,667
Financing
-€365,000
Cash 2024
€2,270
From operations (derived)
-€2,477
Net result for the year
-€2,477
Investment (derived)
+€368,667
Investment in fixed assets (net)
+€368,667
Financing
-€365,000
Contributions, distributions and other
-€365,000
Cash 2025
€3,459
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,683,294 | €1,315,816 | -€367,477 | -21.8% |
| Fixed assets | 21/28 | €1,681,024 | €1,312,357 | -€368,667 | -21.9% |
| Financial fixed assets | 28 | €1,681,024 | €1,312,357 | -€368,667 | -21.9% |
| Current assets | 29/58 | €2,270 | €3,459 | +€1,190 | +52.4% |
| Cash at bank and in hand | 54/58 | €2,270 | €3,459 | +€1,190 | +52.4% |
| Total equity and liabilities | 10/49 | €1,683,294 | €1,315,816 | -€367,477 | -21.8% |
| Equity | 10/15 | €1,683,294 | €1,315,816 | -€367,477 | -21.8% |
| Contributions | 10/11 | €1,693,236 | €1,328,236 | -€365,000 | -21.6% |
| Capital | 10 | €1,693,236 | €1,328,236 | -€365,000 | -21.6% |
| Issued capital | 100 | €1,693,236 | €1,328,236 | -€365,000 | -21.6% |
| Profit (loss) carried forward | 14 | -€9,942 | -€12,420 | -€2,477 | -24.9% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Gross operating margin | 9900 | -€1,080 | -€1,457 | -€377 | -34.9% |
| Operating profit (loss) | 9901 | -€2,041 | -€2,425 | -€384 | -18.8% |
| Financial charges | 65/66B | €48 | €53 | +€5 | +9.4% |
| Recurring financial charges | 65 | €48 | €53 | +€5 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,089 | -€2,477 | -€389 | -18.6% |
| Profit (loss) for the period | 9904 | -€2,089 | -€2,477 | -€389 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,089 | -€2,477 | -€389 | -18.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.