GM-ADVIES: 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.
GM-ADVIES
Largest movements
- Cash -€5,310
down €5,310 (-50.9%), from €10,431 to €5,121
mainly Contributions, distributions and other (-€3.0m)
- Profit (loss) carried forward -€5,327
down €5,327 (-41.0%), from €12,988 to €7,661
- Financial income +€3.0m
new in 2025: €3.0m
- Gross operating margin -€4,213
down €4,213 (-1014.6%), from -€415 to -€4,629
- Other operating charges +€266
up €266 (+68.7%), from €387 to €653
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 | €24,529 | €19,219 | -€5,310 | -21.6% |
| Fixed assets | 21/28 | €14,098 | €14,098 | = | 0.0% |
| Financial fixed assets | 28 | €14,098 | €14,098 | = | 0.0% |
| Current assets | 29/58 | €10,431 | €5,121 | -€5,310 | -50.9% |
| Cash at bank and in hand | 54/58 | €10,431 | €5,121 | -€5,310 | -50.9% |
| Total equity and liabilities | 10/49 | €24,529 | €19,219 | -€5,310 | -21.6% |
| Equity | 10/15 | €23,986 | €18,659 | -€5,327 | -22.2% |
| Contributions | 10/11 | €8,998 | €8,998 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,988 | €7,661 | -€5,327 | -41.0% |
| Amounts payable | 17/49 | €543 | €560 | +€17 | +3.1% |
| Amounts payable within one year | 42/48 | €543 | €560 | +€17 | +3.1% |
| Other amounts payable | 47/48 | €543 | €560 | +€17 | +3.1% |
| Other operating charges | 640/8 | €387 | €653 | +€266 | +68.7% |
| Gross operating margin | 9900 | -€415 | -€4,629 | -€4,213 | -1014.6% |
| Operating profit (loss) | 9901 | -€803 | -€5,282 | -€4,479 | -558.1% |
| Financial income | 75/76B | - | €3,040,000 | +€3.0m | |
| Recurring financial income | 75 | - | €3,040,000 | +€3.0m | |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€846 | €3,034,673 | +€3.0m | |
| Profit (loss) for the period | 9904 | -€846 | €3,034,673 | +€3.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€846 | €3,034,673 | +€3.0m |
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.