GX MANAGEMENT: 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.
GX MANAGEMENT
Largest movements
- Cash +€27,275
up €27,275 (+153.2%), from €17,803 to €45,078
mainly Net result for the year (+€22,862) and Depreciation (+€9,178)
- Tangible fixed assets -€9,178
down €9,178 (-70.9%), from €12,937 to €3,760
- Receivables within one year -€8,606
down €8,606 (-22.6%), from €38,140 to €29,534
of which Trade receivables: -€9,052
- Profit (loss) carried forward +€22,862
up €22,862 (+52.6%), from €43,499 to €66,362
- Other debts -€6,528
down €6,528 (-96.1%), from €6,791 to €263
- Tax, wage and social debts -€5,613
down €5,613 (-49.2%), from €11,407 to €5,795
of which Remuneration and social security: -€2,954
- Trade debts -€1,225
down €1,225 (-90.4%), from €1,354 to €130
- Gross operating margin +€25,979
up €25,979 (+192.1%), from €13,521 to €39,500
- Taxes +€5,037
up €5,037 (+212.6%), from €2,369 to €7,406
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 | €69,052 | €78,549 | +€9,497 | +13.8% |
| Fixed assets | 21/28 | €12,937 | €3,760 | -€9,178 | -70.9% |
| Tangible fixed assets | 22/27 | €12,937 | €3,760 | -€9,178 | -70.9% |
| Furniture and vehicles | 24 | €12,937 | €3,760 | -€9,178 | -70.9% |
| Current assets | 29/58 | €56,114 | €74,789 | +€18,675 | +33.3% |
| Amounts receivable within one year | 40/41 | €38,140 | €29,534 | -€8,606 | -22.6% |
| Trade receivables | 40 | €38,140 | €29,088 | -€9,052 | -23.7% |
| Other amounts receivable | 41 | - | €446 | +€446 | |
| Cash at bank and in hand | 54/58 | €17,803 | €45,078 | +€27,275 | +153.2% |
| Deferred charges and accrued income | 490/1 | €171 | €177 | +€6 | +3.6% |
| Total equity and liabilities | 10/49 | €69,052 | €78,549 | +€9,497 | +13.8% |
| Equity | 10/15 | €49,499 | €72,362 | +€22,862 | +46.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,499 | €66,362 | +€22,862 | +52.6% |
| Amounts payable | 17/49 | €19,553 | €6,187 | -€13,365 | -68.4% |
| Amounts payable within one year | 42/48 | €19,553 | €6,187 | -€13,365 | -68.4% |
| Trade debts | 44 | €1,354 | €130 | -€1,225 | -90.4% |
| Suppliers | 440/4 | €1,354 | €130 | -€1,225 | -90.4% |
| Taxes, remuneration and social security | 45 | €11,407 | €5,795 | -€5,613 | -49.2% |
| Taxes | 450/3 | €6,007 | €3,348 | -€2,659 | -44.3% |
| Remuneration and social security | 454/9 | €5,400 | €2,446 | -€2,954 | -54.7% |
| Other amounts payable | 47/48 | €6,791 | €263 | -€6,528 | -96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,178 | €9,178 | = | 0.0% |
| Gross operating margin | 9900 | €13,521 | €39,500 | +€25,979 | +192.1% |
| Operating profit (loss) | 9901 | €4,344 | €30,323 | +€25,979 | +598.1% |
| Financial charges | 65/66B | €54 | €54 | = | 0.0% |
| Recurring financial charges | 65 | €54 | €54 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €4,290 | €30,269 | +€25,979 | +605.6% |
| Income taxes | 67/77 | €2,369 | €7,406 | +€5,037 | +212.6% |
| Profit (loss) for the period | 9904 | €1,921 | €22,862 | +€20,942 | +1090.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,921 | €22,862 | +€20,942 | +1090.4% |
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 11 October 2026 via checked.be.