GZ INVENT: what changed
What changed
GZ INVENT
filed annual accounts (NBB)
Net result for the year
€1.3m
2025 · €2.1m-€869,148
Equity
€6.0m
2025 · €4.7m+€1.3m
Cash
€1.5m
2025 · €537,002+€1.0m
Balance sheet total
€6.4m
2025 · €5.9m+€525,153
Largest movements
Assets
- Cash +€1.0m
up €1.0m (+188%), from €537,002 to €1.5m
mainly Net result for the year (+€1.3m) and Depreciation (+€299,888)
- Tangible fixed assets -€314,057
down €314,057 (-26.3%), from €1.2m to €879,255
- Receivables within one year -€190,580
down €190,580 (-58.4%), from €326,107 to €135,526
of which Other amounts receivable: -€103,465
Equity and liabilities
- Reserves +€1.3m
up €1.3m (+26.6%), from €4.7m to €6.0m
- Other debts -€475,000
no longer reported in 2026 (was €475,000)
- Debts after one year -€165,500
down €165,500 (-40.8%), from €405,500 to €240,000
- Trade debts -€68,581
down €68,581 (-82.4%), from €83,245 to €14,663
Income statement
- Financial income -€1.1m
down €1.1m (-50.1%), from €2.2m to €1.1m
- Goods and materials -€103,327
down €103,327 (-68.2%), from €151,526 to €48,199
- Services and other goods -€102,576
down €102,576 (-26.6%), from €385,305 to €282,730
- Turnover -€61,890
down €61,890 (-9.9%), from €624,189 to €562,300
- Depreciation -€48,917
down €48,917 (-14.0%), from €348,805 to €299,888
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€2.1m
Turnover
-€61,890
Other operating income
+€28,412
Goods and materials
+€103,327
Services and other goods
+€102,576
Depreciation
+€48,917
Other operating charges
-€418
Other operating items
+€4,161
Financial income
-€1.1m
Financial charges
+€5,237
Taxes
-€397
Result 2026
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.2m
Investment
+€10,455
Financing
-€187,000
Cash 2025
€537,002
From operations (derived)
+€1.2m
Net result for the year
+€1.3m
Depreciation
+€299,888
Receivables within one year
+€190,580
Deferred charges and accrued income
-€18,229
Trade debts
-€68,581
Other debts
-€475,000
Accrued charges and deferred income
-€1,688
Investment (derived)
+€10,455
Investment in fixed assets (net)
+€10,455
Financing
-€187,000
Debts after one year
-€165,500
Current portion of long-term debt
-€21,500
Cash 2026
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,908,508 | €6,433,662 | +€525,153 | +8.9% |
| Fixed assets | 21/28 | €5,002,398 | €4,692,055 | -€310,343 | -6.2% |
| Intangible fixed assets | 21 | €447 | - | -€447 | |
| Tangible fixed assets | 22/27 | €1,193,313 | €879,255 | -€314,057 | -26.3% |
| Plant, machinery and equipment | 23 | €1,193,313 | €879,255 | -€314,057 | -26.3% |
| Financial fixed assets | 28 | €3,808,639 | €3,812,800 | +€4,161 | +0.1% |
| Affiliated companies | 280/1 | €3,808,639 | €3,812,800 | +€4,161 | +0.1% |
| Participating interests | 280 | €3,808,639 | €3,812,800 | +€4,161 | +0.1% |
| Current assets | 29/58 | €906,110 | €1,741,606 | +€835,496 | +92.2% |
| Amounts receivable within one year | 40/41 | €326,107 | €135,526 | -€190,580 | -58.4% |
| Trade receivables | 40 | €112,154 | €25,039 | -€87,115 | -77.7% |
| Other amounts receivable | 41 | €213,952 | €110,487 | -€103,465 | -48.4% |
| Cash at bank and in hand | 54/58 | €537,002 | €1,544,849 | +€1.0m | +188% |
| Deferred charges and accrued income | 490/1 | €43,002 | €61,231 | +€18,229 | +42.4% |
| Total equity and liabilities | 10/49 | €5,908,508 | €6,433,662 | +€525,153 | +8.9% |
| Equity | 10/15 | €4,742,343 | €5,999,766 | +€1.3m | +26.5% |
| Contributions | 10/11 | €15,926 | €15,926 | = | 0.0% |
| Reserves | 13 | €4,726,417 | €5,983,839 | +€1.3m | +26.6% |
| Distributable reserves | 133 | €4,726,417 | €5,983,839 | +€1.3m | +26.6% |
| Amounts payable | 17/49 | €1,166,165 | €433,896 | -€732,269 | -62.8% |
| Amounts payable after more than one year | 17 | €405,500 | €240,000 | -€165,500 | -40.8% |
| Financial debts | 170/4 | €405,500 | €240,000 | -€165,500 | -40.8% |
| Credit institutions | 173 | €405,500 | €240,000 | -€165,500 | -40.8% |
| Amounts payable within one year | 42/48 | €745,245 | €180,163 | -€565,082 | -75.8% |
| Current portion of amounts payable after more than one year | 42 | €187,000 | €165,500 | -€21,500 | -11.5% |
| Trade debts | 44 | €83,245 | €14,663 | -€68,581 | -82.4% |
| Suppliers | 440/4 | €83,245 | €14,663 | -€68,581 | -82.4% |
| Other amounts payable | 47/48 | €475,000 | - | -€475,000 | |
| Accrued charges and deferred income | 492/3 | €15,421 | €13,733 | -€1,688 | -10.9% |
| Operating income | 70/76A | €841,688 | €812,371 | -€29,317 | -3.5% |
| Turnover | 70 | €624,189 | €562,300 | -€61,890 | -9.9% |
| Other operating income | 74 | €217,499 | €245,910 | +€28,412 | +13.1% |
| Non-recurring operating income | 76A | - | €4,161 | +€4,161 | |
| Operating charges | 60/66A | €886,762 | €632,361 | -€254,401 | -28.7% |
| Goods for resale, raw materials and consumables | 60 | €151,526 | €48,199 | -€103,327 | -68.2% |
| Purchases | 600/8 | €151,526 | €48,199 | -€103,327 | -68.2% |
| Services and other goods | 61 | €385,305 | €282,730 | -€102,576 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348,805 | €299,888 | -€48,917 | -14.0% |
| Other operating charges | 640/8 | €1,126 | €1,544 | +€418 | +37.2% |
| Operating profit (loss) | 9901 | -€45,074 | €180,010 | +€225,084 | |
| Financial income | 75/76B | €2,193,690 | €1,094,618 | -€1.1m | -50.1% |
| Recurring financial income | 75 | €2,193,690 | €1,094,618 | -€1.1m | -50.1% |
| Income from financial fixed assets | 750 | €2,188,561 | €1,094,487 | -€1.1m | -50.0% |
| Income from current assets | 751 | €5,129 | €132 | -€4,998 | -97.4% |
| Financial charges | 65/66B | €22,046 | €16,809 | -€5,237 | -23.8% |
| Recurring financial charges | 65 | €22,046 | €16,809 | -€5,237 | -23.8% |
| Debt charges | 650 | €21,842 | €16,809 | -€5,033 | -23.0% |
| Other financial charges | 652/9 | €204 | - | -€204 | |
| Profit (loss) for the period before taxes | 9903 | €2,126,571 | €1,257,819 | -€868,752 | -40.9% |
| Income taxes | 67/77 | - | €397 | +€397 | |
| Taxes | 670/3 | - | €397 | +€397 | |
| Profit (loss) for the period | 9904 | €2,126,571 | €1,257,422 | -€869,148 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,126,571 | €1,257,422 | -€869,148 | -40.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.