GFIN: 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.
GFIN
Largest movements
- Cash -€148,533
down €148,533 (-91.6%), from €162,111 to €13,578
mainly Contributions, distributions and other (-€2.0m) and Debts after one year (-€313,090)
- Other debts +€1.5m
up €1.5m (+269.9%), from €565,000 to €2.1m
- Profit (loss) carried forward -€1.1m
down €1.1m (-45.5%), from €2.4m to €1.3m
- Debts after one year -€313,090
down €313,090 (-9.3%), from €3.3m to €3.0m
- Trade debts -€164,324
down €164,324 (-97.6%), from €168,318 to €3,993
- Financial income -€400,000
down €400,000 (-26.7%), from €1.5m to €1.1m
- Services and other goods -€246,556
down €246,556 (-95.1%), from €259,165 to €12,609
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,477,389 | €9,423,425 | -€53,964 | -0.6% |
| Fixed assets | 21/28 | €9,313,945 | €9,313,945 | = | 0.0% |
| Financial fixed assets | 28 | €9,313,945 | €9,313,945 | = | 0.0% |
| Affiliated companies | 280/1 | €9,313,945 | €9,313,945 | = | 0.0% |
| Participating interests | 280 | €9,313,945 | €9,313,945 | = | 0.0% |
| Current assets | 29/58 | €163,444 | €109,480 | -€53,964 | -33.0% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €428 | €95,000 | +€94,572 | +22102.0% |
| Other amounts receivable | 41 | €428 | €95,000 | +€94,572 | +22102.0% |
| Cash at bank and in hand | 54/58 | €162,111 | €13,578 | -€148,533 | -91.6% |
| Deferred charges and accrued income | 490/1 | €904 | €902 | -€2 | -0.3% |
| Total equity and liabilities | 10/49 | €9,477,389 | €9,423,425 | -€53,964 | -0.6% |
| Equity | 10/15 | €4,987,512 | €3,879,567 | -€1.1m | -22.2% |
| Contributions | 10/11 | €2,550,783 | €2,550,783 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,436,730 | €1,328,784 | -€1.1m | -45.5% |
| Amounts payable | 17/49 | €4,489,876 | €5,543,858 | +€1.1m | +23.5% |
| Amounts payable after more than one year | 17 | €3,349,703 | €3,036,613 | -€313,090 | -9.3% |
| Financial debts | 170/4 | €3,349,703 | €3,036,613 | -€313,090 | -9.3% |
| Unsubordinated bonds | 171 | €1,650,000 | €1,650,000 | = | 0.0% |
| Credit institutions | 173 | €1,699,703 | €1,386,613 | -€313,090 | -18.4% |
| Amounts payable within one year | 42/48 | €1,033,615 | €2,407,083 | +€1.4m | +132.9% |
| Current portion of amounts payable after more than one year | 42 | €300,297 | €313,090 | +€12,793 | +4.3% |
| Trade debts | 44 | €168,318 | €3,993 | -€164,324 | -97.6% |
| Suppliers | 440/4 | €168,318 | €3,993 | -€164,324 | -97.6% |
| Other amounts payable | 47/48 | €565,000 | €2,090,000 | +€1.5m | +269.9% |
| Accrued charges and deferred income | 492/3 | €106,559 | €100,163 | -€6,396 | -6.0% |
| Operating charges | 60/66A | €260,132 | €14,085 | -€246,047 | -94.6% |
| Services and other goods | 61 | €259,165 | €12,609 | -€246,556 | -95.1% |
| Other operating charges | 640/8 | €968 | €1,476 | +€509 | +52.6% |
| Operating profit (loss) | 9901 | -€260,132 | -€14,085 | +€246,047 | +94.6% |
| Financial income | 75/76B | €1,500,000 | €1,100,000 | -€400,000 | -26.7% |
| Recurring financial income | 75 | €1,500,000 | €1,100,000 | -€400,000 | -26.7% |
| Income from financial fixed assets | 750 | €1,500,000 | €1,100,000 | -€400,000 | -26.7% |
| Financial charges | 65/66B | €176,477 | €193,861 | +€17,384 | +9.9% |
| Recurring financial charges | 65 | €176,477 | €193,861 | +€17,384 | +9.9% |
| Debt charges | 650 | €167,532 | €192,463 | +€24,931 | +14.9% |
| Other financial charges | 652/9 | €8,945 | €1,398 | -€7,547 | -84.4% |
| Profit (loss) for the period before taxes | 9903 | €1,063,391 | €892,054 | -€171,337 | -16.1% |
| Profit (loss) for the period | 9904 | €1,063,391 | €892,054 | -€171,337 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,063,391 | €892,054 | -€171,337 | -16.1% |
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 12 October 2026 via checked.be.