GN.X: 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.
GN.X
Largest movements
- Cash +€30,564
up €30,564 (+95.0%), from €32,160 to €62,725
mainly Net result for the year (+€42,132) and Depreciation (+€1,899)
- Tangible fixed assets +€4,770
up €4,770 (+74.8%), from €6,378 to €11,148
of which Furniture and vehicles: +€5,734
- Receivables within one year +€968
up €968 (+5.0%), from €19,360 to €20,328
- Reserves +€42,132
up €42,132 (+112%), from €37,663 to €79,795
- Trade debts -€5,487
down €5,487 (-79.7%), from €6,881 to €1,395
- Tax, wage and social debts -€2,200
down €2,200 (-23.7%), from €9,284 to €7,084
- Other debts +€1,886
up €1,886 (+1,091%), from €173 to €2,059
- Gross operating margin +€10,471
up €10,471 (+21.0%), from €49,778 to €60,249
- Taxes +€2,663
up €2,663 (+24.6%), from €10,807 to €13,470
- Financial charges +€1,864
up €1,864 (+329%), from €567 to €2,431
- Depreciation +€1,457
up €1,457 (+330%), from €442 to €1,899
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.
Derived cash bridge
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 | €59,001 | €95,333 | +€36,332 | +61.6% |
| Fixed assets | 21/28 | €6,378 | €11,148 | +€4,770 | +74.8% |
| Tangible fixed assets | 22/27 | €6,378 | €11,148 | +€4,770 | +74.8% |
| Plant, machinery and equipment | 23 | €4,412 | €3,448 | -€964 | -21.8% |
| Furniture and vehicles | 24 | €1,966 | €7,700 | +€5,734 | +292% |
| Current assets | 29/58 | €52,623 | €84,185 | +€31,562 | +60.0% |
| Amounts receivable within one year | 40/41 | €19,360 | €20,328 | +€968 | +5.0% |
| Trade receivables | 40 | €19,360 | €20,328 | +€968 | +5.0% |
| Cash at bank and in hand | 54/58 | €32,160 | €62,725 | +€30,564 | +95.0% |
| Deferred charges and accrued income | 490/1 | €1,102 | €1,133 | +€30 | +2.7% |
| Total equity and liabilities | 10/49 | €59,001 | €95,333 | +€36,332 | +61.6% |
| Equity | 10/15 | €42,663 | €84,795 | +€42,132 | +98.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,663 | €79,795 | +€42,132 | +112% |
| Distributable reserves | 133 | €37,663 | €79,795 | +€42,132 | +112% |
| Amounts payable | 17/49 | €16,338 | €10,538 | -€5,800 | -35.5% |
| Amounts payable within one year | 42/48 | €16,338 | €10,538 | -€5,800 | -35.5% |
| Trade debts | 44 | €6,881 | €1,395 | -€5,487 | -79.7% |
| Suppliers | 440/4 | €6,881 | €1,395 | -€5,487 | -79.7% |
| Taxes, remuneration and social security | 45 | €9,284 | €7,084 | -€2,200 | -23.7% |
| Taxes | 450/3 | €9,284 | €7,084 | -€2,200 | -23.7% |
| Other amounts payable | 47/48 | €173 | €2,059 | +€1,886 | +1,091% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €442 | €1,899 | +€1,457 | +330% |
| Other operating charges | 640/8 | €299 | €316 | +€17 | +5.6% |
| Gross operating margin | 9900 | €49,778 | €60,249 | +€10,471 | +21.0% |
| Operating profit (loss) | 9901 | €49,037 | €58,034 | +€8,997 | +18.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €567 | €2,431 | +€1,864 | +329% |
| Recurring financial charges | 65 | €567 | €2,431 | +€1,864 | +329% |
| Profit (loss) for the period before taxes | 9903 | €48,470 | €55,602 | +€7,133 | +14.7% |
| Income taxes | 67/77 | €10,807 | €13,470 | +€2,663 | +24.6% |
| Profit (loss) for the period | 9904 | €37,663 | €42,132 | +€4,469 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,663 | €42,132 | +€4,469 | +11.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.