GJENFORCE: what changed
Two fiscal 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.
GJENFORCE
Largest movements
- Cash -€21,390
down €21,390 (-20.1%), from €106,457 to €85,067
mainly Receivables within one year (-€13,811) and Other debts (-€9,165)
- Receivables within one year +€13,811
up €13,811 (+40.1%), from €34,457 to €48,268
of which Trade receivables: +€10,052
- Tangible fixed assets +€1,769
up €1,769 (+37.6%), from €4,700 to €6,468
of which Furniture and vehicles: +€1,060
- Other debts -€9,165
down €9,165 (-11.3%), from €81,214 to €72,050
- Trade debts +€1,624
up €1,624 (+138.3%), from €1,174 to €2,798
- Gross operating margin -€43,667
down €43,667 (-91.1%), from €47,925 to €4,258
- Taxes -€8,759
down €8,759 (-89.3%), from €9,807 to €1,048
- Financial charges -€586
down €586 (-68.7%), from €853 to €267
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 | €146,742 | €141,718 | -€5,024 | -3.4% |
| Fixed assets | 21/28 | €4,700 | €6,468 | +€1,769 | +37.6% |
| Tangible fixed assets | 22/27 | €4,700 | €6,468 | +€1,769 | +37.6% |
| Furniture and vehicles | 24 | - | €1,060 | +€1,060 | |
| Other tangible fixed assets | 26 | €4,700 | €5,409 | +€709 | +15.1% |
| Current assets | 29/58 | €142,043 | €135,250 | -€6,793 | -4.8% |
| Amounts receivable within one year | 40/41 | €34,457 | €48,268 | +€13,811 | +40.1% |
| Trade receivables | 40 | €17,264 | €27,316 | +€10,052 | +58.2% |
| Other amounts receivable | 41 | €17,193 | €20,952 | +€3,759 | +21.9% |
| Cash at bank and in hand | 54/58 | €106,457 | €85,067 | -€21,390 | -20.1% |
| Deferred charges and accrued income | 490/1 | €1,128 | €1,914 | +€786 | +69.7% |
| Total equity and liabilities | 10/49 | €146,742 | €141,718 | -€5,024 | -3.4% |
| Equity | 10/15 | €61,477 | €62,698 | +€1,221 | +2.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,477 | €60,698 | +€1,221 | +2.1% |
| Amounts payable | 17/49 | €85,265 | €79,021 | -€6,245 | -7.3% |
| Amounts payable within one year | 42/48 | €85,265 | €79,021 | -€6,245 | -7.3% |
| Trade debts | 44 | €1,174 | €2,798 | +€1,624 | +138.3% |
| Suppliers | 440/4 | €1,174 | €2,798 | +€1,624 | +138.3% |
| Taxes, remuneration and social security | 45 | €2,877 | €4,174 | +€1,296 | +45.1% |
| Taxes | 450/3 | €2,877 | €4,174 | +€1,296 | +45.1% |
| Other amounts payable | 47/48 | €81,214 | €72,050 | -€9,165 | -11.3% |
| Remuneration, social security and pensions | 62 | €250 | €578 | +€328 | +131.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €811 | €747 | -€64 | -7.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €47,925 | €4,258 | -€43,667 | -91.1% |
| Operating profit (loss) | 9901 | €46,477 | €2,533 | -€43,943 | -94.5% |
| Financial income | 75/76B | €4 | €2 | -€2 | -50.7% |
| Recurring financial income | 75 | €4 | €2 | -€2 | -50.7% |
| Financial charges | 65/66B | €853 | €267 | -€586 | -68.7% |
| Recurring financial charges | 65 | €853 | €267 | -€586 | -68.7% |
| Profit (loss) for the period before taxes | 9903 | €45,628 | €2,268 | -€43,359 | -95.0% |
| Income taxes | 67/77 | €9,807 | €1,048 | -€8,759 | -89.3% |
| Profit (loss) for the period | 9904 | €35,821 | €1,221 | -€34,600 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,821 | €1,221 | -€34,600 | -96.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.