GNCS: 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.
GNCS
Largest movements
- Cash +€425,454
up €425,454 (+130%), from €326,759 to €752,212
mainly Net result for the year (+€372,464) and Receivables within one year (+€119,953)
- Receivables within one year -€119,953
down €119,953 (-23.0%), from €522,400 to €402,447
of which Trade receivables: -€120,361
- Deferred charges and accrued income +€48,874
up €48,874 (+2,367%), from €2,065 to €50,939
- Reserves +€272,464
up €272,464 (+42.1%), from €647,091 to €919,555
of which Distributable reserves: +€272,464
- Other debts +€70,000
new in 2025: €70,000
No income-statement line moved by more than 1% of the activity.
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 | €898,142 | €1,250,466 | +€352,324 | +39.2% |
| Fixed assets | 21/28 | €4,825 | €2,403 | -€2,422 | -50.2% |
| Tangible fixed assets | 22/27 | €4,825 | €2,403 | -€2,422 | -50.2% |
| Plant, machinery and equipment | 23 | €310 | €90 | -€220 | -71.0% |
| Furniture and vehicles | 24 | €4,515 | €2,313 | -€2,202 | -48.8% |
| Current assets | 29/58 | €893,317 | €1,248,063 | +€354,746 | +39.7% |
| Stocks and contracts in progress | 3 | €42,094 | €42,465 | +€371 | +0.9% |
| Stocks | 30/36 | €42,094 | €42,465 | +€371 | +0.9% |
| Amounts receivable within one year | 40/41 | €522,400 | €402,447 | -€119,953 | -23.0% |
| Trade receivables | 40 | €520,465 | €400,104 | -€120,361 | -23.1% |
| Other amounts receivable | 41 | €1,936 | €2,344 | +€408 | +21.1% |
| Cash at bank and in hand | 54/58 | €326,759 | €752,212 | +€425,454 | +130% |
| Deferred charges and accrued income | 490/1 | €2,065 | €50,939 | +€48,874 | +2,367% |
| Total equity and liabilities | 10/49 | €898,142 | €1,250,466 | +€352,324 | +39.2% |
| Equity | 10/15 | €722,091 | €994,555 | +€272,464 | +37.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €647,091 | €919,555 | +€272,464 | +42.1% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €639,591 | €912,055 | +€272,464 | +42.6% |
| Amounts payable | 17/49 | €176,051 | €255,911 | +€79,860 | +45.4% |
| Amounts payable within one year | 42/48 | €176,051 | €255,911 | +€79,860 | +45.4% |
| Trade debts | 44 | €1,547 | €634 | -€913 | -59.0% |
| Suppliers | 440/4 | €1,547 | €634 | -€913 | -59.0% |
| Taxes, remuneration and social security | 45 | €174,505 | €185,278 | +€10,773 | +6.2% |
| Taxes | 450/3 | €174,505 | €185,278 | +€10,773 | +6.2% |
| Other amounts payable | 47/48 | - | €70,000 | +€70,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,012 | €3,124 | +€112 | +3.7% |
| Other operating charges | 640/8 | €675 | €995 | +€320 | +47.3% |
| Gross operating margin | 9900 | €551,914 | €552,422 | +€508 | +0.1% |
| Operating profit (loss) | 9901 | €548,227 | €548,304 | +€77 | 0.0% |
| Financial income | 75/76B | €139 | €108 | -€31 | -22.5% |
| Recurring financial income | 75 | €139 | €108 | -€31 | -22.5% |
| Financial charges | 65/66B | €191 | €170 | -€20 | -10.6% |
| Recurring financial charges | 65 | €191 | €170 | -€20 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €548,176 | €548,241 | +€66 | 0.0% |
| Income taxes | 67/77 | €177,510 | €175,777 | -€1,733 | -1.0% |
| Profit (loss) for the period | 9904 | €370,665 | €372,464 | +€1,798 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €370,665 | €372,464 | +€1,798 | +0.5% |
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 26 October 2026 via checked.be.