GNCI: 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.
GNCI
Largest movements
- Receivables within one year +€6.3m
up €6.3m (+25817.8%), from €24,454 to €6.3m
of which Other amounts receivable: +€6.3m
- Intangible fixed assets +€672,191
up €672,191 (+412.6%), from €162,926 to €835,117
- Current investments +€572,590
new in 2025: €572,590
- Cash +€405,315
up €405,315 (+113.7%), from €356,518 to €761,833
mainly Other debts (+€4.7m) and Net result for the year (+€4.5m)
- Deferred charges and accrued income +€130,329
up €130,329 (+3674.1%), from €3,547 to €133,876
- Other debts +€4.7m
up €4.7m (+73309.8%), from €6,378 to €4.7m
- Reserves +€2.2m
up €2.2m (+3923.9%), from €56,494 to €2.3m
of which Distributable reserves: +€2.2m
- Profit (loss) carried forward +€692,983
up €692,983 (+177.2%), from €391,059 to €1.1m
- Debts after one year +€257,441
up €257,441 (+35509.1%), from €725 to €258,166
of which Financial debts: +€257,441
- Tax, wage and social debts +€146,362
up €146,362 (+314.8%), from €46,488 to €192,850
of which Remuneration and social security: +€97,747
- Financial income +€3.4m
up €3.4m (+13849.6%), from €24,800 to €3.5m
- Gross operating margin +€1.4m
up €1.4m (+221.1%), from €646,562 to €2.1m
- Staff costs +€507,534
up €507,534 (+253.9%), from €199,925 to €707,459
- Depreciation +€204,549
up €204,549 (+731.9%), from €27,947 to €232,496
- Taxes -€82,892
down €82,892 (-75.1%), from €110,448 to €27,556
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 | €549,260 | €8,758,068 | +€8.2m | +1494.5% |
| Fixed assets | 21/28 | €164,741 | €951,913 | +€787,172 | +477.8% |
| Intangible fixed assets | 21 | €162,926 | €835,117 | +€672,191 | +412.6% |
| Tangible fixed assets | 22/27 | €1,595 | €102,588 | +€100,993 | +6331.9% |
| Plant, machinery and equipment | 23 | - | €1,713 | +€1,713 | |
| Furniture and vehicles | 24 | €1,595 | €49,386 | +€47,791 | +2996.3% |
| Other tangible fixed assets | 26 | - | €51,489 | +€51,489 | |
| Financial fixed assets | 28 | €220 | €14,207 | +€13,987 | +6357.4% |
| Current assets | 29/58 | €384,519 | €7,806,155 | +€7.4m | +1930.1% |
| Amounts receivable within one year | 40/41 | €24,454 | €6,337,856 | +€6.3m | +25817.8% |
| Trade receivables | 40 | - | €7,104 | +€7,104 | |
| Other amounts receivable | 41 | €24,454 | €6,330,751 | +€6.3m | +25788.8% |
| Current investments | 50/53 | - | €572,590 | +€572,590 | |
| Cash at bank and in hand | 54/58 | €356,518 | €761,833 | +€405,315 | +113.7% |
| Deferred charges and accrued income | 490/1 | €3,547 | €133,876 | +€130,329 | +3674.1% |
| Total equity and liabilities | 10/49 | €549,260 | €8,758,068 | +€8.2m | +1494.5% |
| Equity | 10/15 | €450,125 | €3,390,279 | +€2.9m | +653.2% |
| Contributions | 10/11 | €2,572 | €32,972 | +€30,400 | +1181.8% |
| Reserves | 13 | €56,494 | €2,273,265 | +€2.2m | +3923.9% |
| Non-distributable reserves | 130/1 | - | €6,080 | +€6,080 | |
| Reserves not available under the articles | 1311 | - | €6,080 | +€6,080 | |
| Tax-exempt reserves | 132 | - | €23,000 | +€23,000 | |
| Distributable reserves | 133 | €56,494 | €2,244,185 | +€2.2m | +3872.5% |
| Profit (loss) carried forward | 14 | €391,059 | €1,084,042 | +€692,983 | +177.2% |
| Amounts payable | 17/49 | €99,135 | €5,367,789 | +€5.3m | +5314.6% |
| Amounts payable after more than one year | 17 | €725 | €258,166 | +€257,441 | +35509.1% |
| Financial debts | 170/4 | - | €257,441 | +€257,441 | |
| Other amounts payable | 178/9 | €725 | €725 | = | 0.0% |
| Amounts payable within one year | 42/48 | €68,410 | €5,107,354 | +€5.0m | +7365.8% |
| Current portion of amounts payable after more than one year | 42 | €1,608 | €107,585 | +€105,977 | +6591.9% |
| Trade debts | 44 | €13,936 | €124,502 | +€110,566 | +793.4% |
| Suppliers | 440/4 | €13,936 | €124,502 | +€110,566 | +793.4% |
| Taxes, remuneration and social security | 45 | €46,488 | €192,850 | +€146,362 | +314.8% |
| Taxes | 450/3 | €15,448 | €64,063 | +€48,615 | +314.7% |
| Remuneration and social security | 454/9 | €31,040 | €128,787 | +€97,747 | +314.9% |
| Other amounts payable | 47/48 | €6,378 | €4,682,416 | +€4.7m | +73309.8% |
| Accrued charges and deferred income | 492/3 | €30,000 | €2,269 | -€27,731 | -92.4% |
| Non-recurring operating income | 76A | - | €26,190 | +€26,190 | |
| Remuneration, social security and pensions | 62 | €199,925 | €707,459 | +€507,534 | +253.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,947 | €232,496 | +€204,549 | +731.9% |
| Other operating charges | 640/8 | €3,473 | €11,052 | +€7,579 | +218.2% |
| Non-recurring operating charges | 66A | - | €2,957 | +€2,957 | |
| Gross operating margin | 9900 | €646,562 | €2,076,093 | +€1.4m | +221.1% |
| Operating profit (loss) | 9901 | €415,217 | €1,122,128 | +€706,911 | +170.3% |
| Financial income | 75/76B | €24,800 | €3,459,501 | +€3.4m | +13849.6% |
| Recurring financial income | 75 | €24,800 | €3,459,501 | +€3.4m | +13849.6% |
| Financial charges | 65/66B | €188 | €62,793 | +€62,605 | +33378.9% |
| Recurring financial charges | 65 | €188 | €62,793 | +€62,605 | +33378.9% |
| Profit (loss) for the period before taxes | 9903 | €439,830 | €4,518,836 | +€4.1m | +927.4% |
| Income taxes | 67/77 | €110,448 | €27,556 | -€82,892 | -75.1% |
| Profit (loss) for the period | 9904 | €329,381 | €4,491,281 | +€4.2m | +1263.5% |
| Profit (loss) for the period to be appropriated | 9905 | €329,381 | €4,491,281 | +€4.2m | +1263.5% |
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 8 October 2026 via checked.be.