GNC: 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.
GNC
Largest movements
- Tangible fixed assets -€45,078
down €45,078 (-6.7%), from €674,963 to €629,885
- Cash -€25,079
down €25,079 (-36.0%), from €69,610 to €44,531
mainly Debts after one year (-€100,000) and Receivables within one year (-€1,876)
- Debts after one year -€100,000
down €100,000 (-28.6%), from €350,000 to €250,000
- Profit (loss) carried forward +€24,575
up €24,575 (+7.1%), from €344,547 to €369,122
- Gross operating margin +€8,878
up €8,878 (+10.4%), from €85,181 to €94,060
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 | €748,873 | €680,592 | -€68,280 | -9.1% |
| Fixed assets | 21/28 | €674,963 | €629,885 | -€45,078 | -6.7% |
| Tangible fixed assets | 22/27 | €674,963 | €629,885 | -€45,078 | -6.7% |
| Land and buildings | 22 | €674,963 | €629,885 | -€45,078 | -6.7% |
| Current assets | 29/58 | €73,910 | €50,707 | -€23,203 | -31.4% |
| Amounts receivable within one year | 40/41 | €4,301 | €6,177 | +€1,876 | +43.6% |
| Trade receivables | 40 | - | €1,173 | +€1,173 | |
| Other amounts receivable | 41 | €4,301 | €5,003 | +€703 | +16.3% |
| Cash at bank and in hand | 54/58 | €69,610 | €44,531 | -€25,079 | -36.0% |
| Total equity and liabilities | 10/49 | €748,873 | €680,592 | -€68,280 | -9.1% |
| Equity | 10/15 | €352,607 | €377,182 | +€24,575 | +7.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €344,547 | €369,122 | +€24,575 | +7.1% |
| Amounts payable | 17/49 | €396,266 | €303,410 | -€92,856 | -23.4% |
| Amounts payable after more than one year | 17 | €350,000 | €250,000 | -€100,000 | -28.6% |
| Financial debts | 170/4 | €350,000 | €250,000 | -€100,000 | -28.6% |
| Amounts payable within one year | 42/48 | €46,266 | €53,410 | +€7,144 | +15.4% |
| Trade debts | 44 | €307 | €0 | -€307 | -100.0% |
| Suppliers | 440/4 | €307 | €0 | -€307 | -100.0% |
| Advances received on contracts in progress | 46 | €7,550 | €8,410 | +€860 | +11.4% |
| Taxes, remuneration and social security | 45 | €3,408 | €3,000 | -€408 | -12.0% |
| Taxes | 450/3 | €3,408 | €3,000 | -€408 | -12.0% |
| Other amounts payable | 47/48 | €35,000 | €42,000 | +€7,000 | +20.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,078 | €45,078 | = | 0.0% |
| Other operating charges | 640/8 | €4,405 | €4,961 | +€556 | +12.6% |
| Gross operating margin | 9900 | €85,181 | €94,060 | +€8,878 | +10.4% |
| Operating profit (loss) | 9901 | €35,699 | €44,021 | +€8,322 | +23.3% |
| Financial charges | 65/66B | €10,065 | €10,067 | +€1 | 0.0% |
| Recurring financial charges | 65 | €10,065 | €10,067 | +€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €25,633 | €33,954 | +€8,321 | +32.5% |
| Income taxes | 67/77 | €9,971 | €9,379 | -€591 | -5.9% |
| Profit (loss) for the period | 9904 | €15,663 | €24,575 | +€8,912 | +56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,663 | €24,575 | +€8,912 | +56.9% |
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 9 October 2026 via checked.be.