Holding G-A: what changed
Holding G-A
Largest movements
- Current investments +€200,000
up €200,000, from €0 to €200,000
- Cash -€198,887
down €198,887 (-74.1%), from €268,237 to €69,350
mainly Contributions, distributions and other (-€550,000) and Current investments (-€200,000)
- Receivables within one year +€153,424
up €153,424 (+38.0%), from €403,528 to €556,952
of which Other amounts receivable: +€153,188
- Other debts +€147,748
up €147,748 (+26.7%), from €554,125 to €701,874
- Financial income -€4,416
down €4,416 (-0.9%), from €504,967 to €500,550
- Gross operating margin +€4,197
up €4,197 (+5.0%), from €84,139 to €88,337
- Financial charges -€1,401
down €1,401 (-11.1%), from €12,568 to €11,167
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,273,813 | €1,430,655 | +€156,842 | +12.3% |
| Fixed assets | 21/28 | €601,413 | €601,413 | = | 0.0% |
| Tangible fixed assets | 22/27 | €8,452 | €8,452 | = | 0.0% |
| Land and buildings | 22 | €8,452 | €8,452 | = | 0.0% |
| Financial fixed assets | 28 | €592,961 | €592,961 | = | 0.0% |
| Current assets | 29/58 | €672,400 | €829,242 | +€156,842 | +23.3% |
| Amounts receivable within one year | 40/41 | €403,528 | €556,952 | +€153,424 | +38.0% |
| Trade receivables | 40 | €11,800 | €12,036 | +€236 | +2.0% |
| Other amounts receivable | 41 | €391,728 | €544,916 | +€153,188 | +39.1% |
| Current investments | 50/53 | €0 | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €268,237 | €69,350 | -€198,887 | -74.1% |
| Deferred charges and accrued income | 490/1 | €635 | €2,940 | +€2,305 | +363% |
| Total equity and liabilities | 10/49 | €1,273,813 | €1,430,655 | +€156,842 | +12.3% |
| Equity | 10/15 | €709,549 | €717,128 | +€7,579 | +1.1% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €621,100 | €621,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,100 | €21,100 | = | 0.0% |
| Legal reserve | 130 | €21,100 | €21,100 | = | 0.0% |
| Distributable reserves | 133 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,449 | €31,028 | +€7,579 | +32.3% |
| Amounts payable | 17/49 | €564,265 | €713,527 | +€149,262 | +26.5% |
| Amounts payable within one year | 42/48 | €564,265 | €713,527 | +€149,262 | +26.5% |
| Trade debts | 44 | €7,996 | €8,418 | +€422 | +5.3% |
| Suppliers | 440/4 | €7,996 | €8,418 | +€422 | +5.3% |
| Taxes, remuneration and social security | 45 | €2,144 | €3,235 | +€1,092 | +50.9% |
| Taxes | 450/3 | €2,144 | €3,235 | +€1,092 | +50.9% |
| Other amounts payable | 47/48 | €554,125 | €701,874 | +€147,748 | +26.7% |
| Gross operating margin | 9900 | €84,139 | €88,337 | +€4,197 | +5.0% |
| Operating profit (loss) | 9901 | €84,139 | €88,337 | +€4,197 | +5.0% |
| Financial income | 75/76B | €504,967 | €500,550 | -€4,416 | -0.9% |
| Recurring financial income | 75 | €504,967 | €500,550 | -€4,416 | -0.9% |
| Financial charges | 65/66B | €12,568 | €11,167 | -€1,401 | -11.1% |
| Recurring financial charges | 65 | €12,568 | €11,167 | -€1,401 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €576,538 | €577,720 | +€1,182 | +0.2% |
| Income taxes | 67/77 | €19,845 | €20,140 | +€296 | +1.5% |
| Profit (loss) for the period | 9904 | €556,693 | €557,579 | +€886 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €556,693 | €557,579 | +€886 | +0.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.