GStuff: 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.
GStuff
Largest movements
- Cash -€16,720
down €16,720 (-28.9%), from €57,860 to €41,140
mainly Debts after one year (-€20,248) and Other debts (-€7,125)
- Deferred charges and accrued income +€6,988
up €6,988 (+158%), from €4,426 to €11,414
- Receivables within one year +€3,372
up €3,372 (+3.5%), from €95,761 to €99,134
of which Trade receivables: +€7,323
- Tangible fixed assets -€2,872
down €2,872 (-51.3%), from €5,600 to €2,729
of which Furniture and vehicles: -€2,757
- Debts after one year -€20,248
down €20,248 (-22.4%), from €90,248 to €70,000
- Trade debts +€9,558
up €9,558 (+38.6%), from €24,772 to €34,330
- Other debts -€7,125
down €7,125 (-100%), from €7,125 to €0
- Profit (loss) carried forward +€6,924
up €6,924, from -€2,617 to €4,307
- Tax, wage and social debts +€4,236
up €4,236 (+20.7%), from €20,466 to €24,702
of which Taxes: +€6,236
- Financial charges -€43,135
down €43,135 (-92.5%), from €46,619 to €3,483
- Gross operating margin -€36,748
down €36,748 (-69.4%), from €52,975 to €16,227
- Taxes +€1,048
up €1,048 (+557%), from €188 to €1,236
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 | €163,648 | €154,416 | -€9,232 | -5.6% |
| Fixed assets | 21/28 | €5,600 | €2,729 | -€2,872 | -51.3% |
| Tangible fixed assets | 22/27 | €5,600 | €2,729 | -€2,872 | -51.3% |
| Plant, machinery and equipment | 23 | €115 | €0 | -€115 | -100% |
| Furniture and vehicles | 24 | €5,486 | €2,729 | -€2,757 | -50.3% |
| Current assets | 29/58 | €158,048 | €151,688 | -€6,360 | -4.0% |
| Amounts receivable within one year | 40/41 | €95,761 | €99,134 | +€3,372 | +3.5% |
| Trade receivables | 40 | €83,361 | €90,685 | +€7,323 | +8.8% |
| Other amounts receivable | 41 | €12,400 | €8,449 | -€3,951 | -31.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €57,860 | €41,140 | -€16,720 | -28.9% |
| Deferred charges and accrued income | 490/1 | €4,426 | €11,414 | +€6,988 | +158% |
| Total equity and liabilities | 10/49 | €163,648 | €154,416 | -€9,232 | -5.6% |
| Equity | 10/15 | €17,843 | €24,767 | +€6,924 | +38.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,617 | €4,307 | +€6,924 | |
| Amounts payable | 17/49 | €145,805 | €129,649 | -€16,156 | -11.1% |
| Amounts payable after more than one year | 17 | €90,248 | €70,000 | -€20,248 | -22.4% |
| Financial debts | 170/4 | €90,248 | €70,000 | -€20,248 | -22.4% |
| Amounts payable within one year | 42/48 | €55,557 | €59,649 | +€4,092 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €3,136 | €248 | -€2,888 | -92.1% |
| Financial debts | 43 | €58 | €369 | +€311 | +534% |
| Credit institutions | 430/8 | €58 | €369 | +€311 | +534% |
| Trade debts | 44 | €24,772 | €34,330 | +€9,558 | +38.6% |
| Suppliers | 440/4 | €24,772 | €34,330 | +€9,558 | +38.6% |
| Taxes, remuneration and social security | 45 | €20,466 | €24,702 | +€4,236 | +20.7% |
| Taxes | 450/3 | €18,466 | €24,702 | +€6,236 | +33.8% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts payable | 47/48 | €7,125 | €0 | -€7,125 | -100% |
| Non-recurring operating income | 76A | - | €1,016 | +€1,016 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,178 | €2,872 | -€306 | -9.6% |
| Other operating charges | 640/8 | €936 | €1,168 | +€232 | +24.8% |
| Non-recurring operating charges | 66A | €497 | €543 | +€46 | +9.3% |
| Gross operating margin | 9900 | €52,975 | €16,227 | -€36,748 | -69.4% |
| Operating profit (loss) | 9901 | €48,364 | €11,644 | -€36,720 | -75.9% |
| Financial income | 75/76B | €60 | €0 | -€60 | -99.9% |
| Recurring financial income | 75 | €60 | €0 | -€60 | -99.9% |
| Financial charges | 65/66B | €46,619 | €3,483 | -€43,135 | -92.5% |
| Recurring financial charges | 65 | €46,619 | €3,483 | -€43,135 | -92.5% |
| Profit (loss) for the period before taxes | 9903 | €1,805 | €8,161 | +€6,355 | +352% |
| Income taxes | 67/77 | €188 | €1,236 | +€1,048 | +557% |
| Profit (loss) for the period | 9904 | €1,617 | €6,924 | +€5,307 | +328% |
| Profit (loss) for the period to be appropriated | 9905 | €1,617 | €6,924 | +€5,307 | +328% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.