GGEFISC: 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.
GGEFISC
Largest movements
- Tangible fixed assets +€7,480
new in 2025: €7,480
- Cash +€3,647
up €3,647 (+34.2%), from €10,674 to €14,321
mainly Net result for the year (+€7,083) and Tax, wage and social debts (+€2,138)
- Receivables within one year -€836
down €836 (-7.9%), from €10,523 to €9,687
- Profit (loss) carried forward +€7,083
up €7,083 (+131.8%), from €5,373 to €12,456
- Tax, wage and social debts +€2,138
up €2,138 (+33.5%), from €6,377 to €8,515
- Trade debts +€1,367
up €1,367 (+88.7%), from €1,542 to €2,909
- Other debts -€409
down €409 (-19.1%), from €2,144 to €1,735
- Gross operating margin +€5,752
up €5,752 (+29.8%), from €19,325 to €25,077
- Depreciation +€1,593
new in 2025: €1,593
- Staff costs +€1,147
up €1,147 (+10.1%), from €11,346 to €12,493
- Write-downs -€1,002
no longer reported in 2025 (was €1,002)
- Taxes +€877
up €877 (+66.3%), from €1,322 to €2,199
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 | €24,909 | €35,088 | +€10,179 | +40.9% |
| Fixed assets | 21/28 | €3,489 | €11,080 | +€7,591 | +217.6% |
| Tangible fixed assets | 22/27 | - | €7,480 | +€7,480 | |
| Furniture and vehicles | 24 | - | €7,480 | +€7,480 | |
| Financial fixed assets | 28 | €3,489 | €3,600 | +€111 | +3.2% |
| Current assets | 29/58 | €21,420 | €24,008 | +€2,588 | +12.1% |
| Amounts receivable within one year | 40/41 | €10,523 | €9,687 | -€836 | -7.9% |
| Trade receivables | 40 | €10,523 | €9,687 | -€836 | -7.9% |
| Cash at bank and in hand | 54/58 | €10,674 | €14,321 | +€3,647 | +34.2% |
| Deferred charges and accrued income | 490/1 | €223 | - | -€223 | |
| Total equity and liabilities | 10/49 | €24,909 | €35,088 | +€10,179 | +40.9% |
| Equity | 10/15 | €14,846 | €21,929 | +€7,083 | +47.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €5,473 | €5,473 | = | 0.0% |
| Distributable reserves | 133 | €5,473 | €5,473 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,373 | €12,456 | +€7,083 | +131.8% |
| Amounts payable | 17/49 | €10,063 | €13,159 | +€3,096 | +30.8% |
| Amounts payable within one year | 42/48 | €10,063 | €13,159 | +€3,096 | +30.8% |
| Trade debts | 44 | €1,542 | €2,909 | +€1,367 | +88.7% |
| Suppliers | 440/4 | €1,542 | €2,909 | +€1,367 | +88.7% |
| Taxes, remuneration and social security | 45 | €6,377 | €8,515 | +€2,138 | +33.5% |
| Taxes | 450/3 | €6,377 | €8,515 | +€2,138 | +33.5% |
| Other amounts payable | 47/48 | €2,144 | €1,735 | -€409 | -19.1% |
| Remuneration, social security and pensions | 62 | €11,346 | €12,493 | +€1,147 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,593 | +€1,593 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,002 | - | -€1,002 | |
| Other operating charges | 640/8 | €1,163 | €1,640 | +€477 | +41.0% |
| Gross operating margin | 9900 | €19,325 | €25,077 | +€5,752 | +29.8% |
| Operating profit (loss) | 9901 | €5,814 | €9,351 | +€3,537 | +60.8% |
| Financial income | 75/76B | - | €195 | +€195 | |
| Recurring financial income | 75 | - | €195 | +€195 | |
| Financial charges | 65/66B | €140 | €264 | +€124 | +88.6% |
| Recurring financial charges | 65 | €140 | €264 | +€124 | +88.6% |
| Profit (loss) for the period before taxes | 9903 | €5,674 | €9,282 | +€3,608 | +63.6% |
| Income taxes | 67/77 | €1,322 | €2,199 | +€877 | +66.3% |
| Profit (loss) for the period | 9904 | €4,352 | €7,083 | +€2,731 | +62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,352 | €7,083 | +€2,731 | +62.8% |
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 11 October 2026 via checked.be.