GN TECHNICS: 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.
GN TECHNICS
Largest movements
- Stocks and contracts -€61,579
down €61,579 (-15.7%), from €391,684 to €330,104
- Receivables within one year +€34,051
up €34,051 (+55.9%), from €60,934 to €94,985
of which Trade receivables: +€35,042
- Cash +€9,869
up €9,869 (+8316.9%), from €119 to €9,988
mainly Stocks and contracts (+€61,579) and Net result for the year (+€32,475)
- Deferred charges and accrued income +€7,508
up €7,508 (+191.3%), from €3,925 to €11,434
- Tangible fixed assets +€6,764
up €6,764 (+43.1%), from €15,707 to €22,471
of which Furniture and vehicles: +€7,519
- Profit (loss) carried forward +€32,475
up €32,475 (+19.2%), from €168,895 to €201,370
- Tax, wage and social debts +€24,196
up €24,196 (+31.0%), from €77,969 to €102,165
of which Taxes: +€27,445
- Current portion of long-term debt -€19,106
down €19,106 (-30.3%), from €63,154 to €44,048
- Debts after one year -€17,872
down €17,872 (-23.6%), from €75,626 to €57,754
- Short-term financial debts -€16,012
down €16,012 (-34.8%), from €46,025 to €30,013
- Gross operating margin -€112,532
down €112,532 (-49.1%), from €229,067 to €116,534
- Taxes -€26,214
down €26,214 (-69.8%), from €37,547 to €11,333
- Depreciation -€12,851
down €12,851 (-65.7%), from €19,546 to €6,695
- Staff costs +€6,340
up €6,340 (+15.3%), from €41,472 to €47,812
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 | €601,848 | €603,979 | +€2,130 | +0.4% |
| Fixed assets | 21/28 | €18,332 | €24,396 | +€6,064 | +33.1% |
| Intangible fixed assets | 21 | €2,625 | €1,925 | -€700 | -26.7% |
| Tangible fixed assets | 22/27 | €15,707 | €22,471 | +€6,764 | +43.1% |
| Plant, machinery and equipment | 23 | €261 | €209 | -€52 | -20.0% |
| Furniture and vehicles | 24 | €8,647 | €16,166 | +€7,519 | +87.0% |
| Other tangible fixed assets | 26 | €6,798 | €6,095 | -€703 | -10.3% |
| Current assets | 29/58 | €583,516 | €579,583 | -€3,933 | -0.7% |
| Amounts receivable after more than one year | 29 | €126,855 | €133,073 | +€6,218 | +4.9% |
| Other amounts receivable | 291 | €126,855 | €133,073 | +€6,218 | +4.9% |
| Stocks and contracts in progress | 3 | €391,684 | €330,104 | -€61,579 | -15.7% |
| Stocks | 30/36 | €391,684 | €330,104 | -€61,579 | -15.7% |
| Amounts receivable within one year | 40/41 | €60,934 | €94,985 | +€34,051 | +55.9% |
| Trade receivables | 40 | €59,943 | €94,985 | +€35,042 | +58.5% |
| Other amounts receivable | 41 | €991 | €0 | -€991 | -100.0% |
| Cash at bank and in hand | 54/58 | €119 | €9,988 | +€9,869 | +8316.9% |
| Deferred charges and accrued income | 490/1 | €3,925 | €11,434 | +€7,508 | +191.3% |
| Total equity and liabilities | 10/49 | €601,848 | €603,979 | +€2,130 | +0.4% |
| Equity | 10/15 | €283,895 | €316,370 | +€32,475 | +11.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €95,000 | €95,000 | = | 0.0% |
| Distributable reserves | 133 | €95,000 | €95,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,895 | €201,370 | +€32,475 | +19.2% |
| Amounts payable | 17/49 | €317,954 | €287,609 | -€30,345 | -9.5% |
| Amounts payable after more than one year | 17 | €75,626 | €57,754 | -€17,872 | -23.6% |
| Financial debts | 170/4 | €75,626 | €57,754 | -€17,872 | -23.6% |
| Amounts payable within one year | 42/48 | €241,371 | €229,855 | -€11,516 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €63,154 | €44,048 | -€19,106 | -30.3% |
| Financial debts | 43 | €46,025 | €30,013 | -€16,012 | -34.8% |
| Credit institutions | 430/8 | €46,025 | €30,013 | -€16,012 | -34.8% |
| Trade debts | 44 | €54,223 | €53,629 | -€594 | -1.1% |
| Suppliers | 440/4 | €54,223 | €53,629 | -€594 | -1.1% |
| Taxes, remuneration and social security | 45 | €77,969 | €102,165 | +€24,196 | +31.0% |
| Taxes | 450/3 | €68,548 | €95,993 | +€27,445 | +40.0% |
| Remuneration and social security | 454/9 | €9,420 | €6,171 | -€3,249 | -34.5% |
| Accrued charges and deferred income | 492/3 | €956 | €0 | -€956 | -100.0% |
| Non-recurring operating income | 76A | - | €4,567 | +€4,567 | |
| Remuneration, social security and pensions | 62 | €41,472 | €47,812 | +€6,340 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,546 | €6,695 | -€12,851 | -65.7% |
| Other operating charges | 640/8 | €4,861 | €4,394 | -€468 | -9.6% |
| Non-recurring operating charges | 66A | €0 | €272 | +€272 | |
| Gross operating margin | 9900 | €229,067 | €116,534 | -€112,532 | -49.1% |
| Operating profit (loss) | 9901 | €163,187 | €57,361 | -€105,825 | -64.8% |
| Financial income | 75/76B | €1,623 | €1,625 | +€2 | +0.1% |
| Recurring financial income | 75 | €1,623 | €1,625 | +€2 | +0.1% |
| Financial charges | 65/66B | €16,112 | €15,178 | -€934 | -5.8% |
| Recurring financial charges | 65 | €16,112 | €15,178 | -€934 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €148,698 | €43,808 | -€104,890 | -70.5% |
| Income taxes | 67/77 | €37,547 | €11,333 | -€26,214 | -69.8% |
| Profit (loss) for the period | 9904 | €111,151 | €32,475 | -€78,675 | -70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €111,151 | €32,475 | -€78,675 | -70.8% |
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 9 October 2026 via checked.be.