G & G: 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.
G & G
Largest movements
- Tangible fixed assets -€4,588
down €4,588 (-29.1%), from €15,754 to €11,166
of which Land and buildings: -€2,447
- Stocks and contracts -€4,207
down €4,207 (-55.8%), from €7,540 to €3,333
- Receivables within one year +€1,878
up €1,878 (+10.3%), from €18,294 to €20,171
of which Other amounts receivable: +€1,833
- Cash +€714
up €714 (+4.6%), from €15,465 to €16,179
mainly Trade debts (+€23,264) and Other debts (+€14,237)
- Profit (loss) carried forward -€29,321
down €29,321 (-104%), from -€28,074 to -€57,396
- Trade debts +€23,264
up €23,264 (+258%), from €9,026 to €32,291
- Other debts +€14,237
up €14,237 (+998%), from €1,427 to €15,664
- Tax, wage and social debts -€11,856
down €11,856 (-46.6%), from €25,445 to €13,589
of which Remuneration and social security: -€9,116
- Debts after one year -€2,500
down €2,500 (-11.9%), from €21,000 to €18,500
- Gross operating margin -€39,430
down €39,430 (-50.4%), from €78,166 to €38,736
- Other operating charges +€4,065
up €4,065 (+76.5%), from €5,310 to €9,375
- Depreciation -€3,663
down €3,663 (-44.4%), from €8,251 to €4,588
- Staff costs -€3,024
down €3,024 (-5.4%), from €56,291 to €53,267
- Financial charges -€1,314
down €1,314 (-67.2%), from €1,955 to €640
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 | €58,424 | €52,248 | -€6,176 | -10.6% |
| Fixed assets | 21/28 | €15,754 | €11,166 | -€4,588 | -29.1% |
| Tangible fixed assets | 22/27 | €15,754 | €11,166 | -€4,588 | -29.1% |
| Land and buildings | 22 | €11,111 | €8,665 | -€2,447 | -22.0% |
| Plant, machinery and equipment | 23 | €4,294 | €2,417 | -€1,877 | -43.7% |
| Furniture and vehicles | 24 | €349 | €84 | -€264 | -75.8% |
| Current assets | 29/58 | €42,670 | €41,082 | -€1,588 | -3.7% |
| Stocks and contracts in progress | 3 | €7,540 | €3,333 | -€4,207 | -55.8% |
| Stocks | 30/36 | €7,540 | €3,333 | -€4,207 | -55.8% |
| Amounts receivable within one year | 40/41 | €18,294 | €20,171 | +€1,878 | +10.3% |
| Trade receivables | 40 | - | €44 | +€44 | |
| Other amounts receivable | 41 | €18,294 | €20,127 | +€1,833 | +10.0% |
| Cash at bank and in hand | 54/58 | €15,465 | €16,179 | +€714 | +4.6% |
| Deferred charges and accrued income | 490/1 | €1,371 | €1,399 | +€28 | +2.0% |
| Total equity and liabilities | 10/49 | €58,424 | €52,248 | -€6,176 | -10.6% |
| Equity | 10/15 | €1,526 | -€27,796 | -€29,321 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,000 | €11,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,074 | -€57,396 | -€29,321 | -104% |
| Amounts payable | 17/49 | €56,898 | €80,043 | +€23,145 | +40.7% |
| Amounts payable after more than one year | 17 | €21,000 | €18,500 | -€2,500 | -11.9% |
| Financial debts | 170/4 | €21,000 | €18,500 | -€2,500 | -11.9% |
| Amounts payable within one year | 42/48 | €35,898 | €61,543 | +€25,645 | +71.4% |
| Trade debts | 44 | €9,026 | €32,291 | +€23,264 | +258% |
| Suppliers | 440/4 | €9,026 | €32,291 | +€23,264 | +258% |
| Taxes, remuneration and social security | 45 | €25,445 | €13,589 | -€11,856 | -46.6% |
| Taxes | 450/3 | €8,732 | €5,992 | -€2,740 | -31.4% |
| Remuneration and social security | 454/9 | €16,713 | €7,597 | -€9,116 | -54.5% |
| Other amounts payable | 47/48 | €1,427 | €15,664 | +€14,237 | +998% |
| Remuneration, social security and pensions | 62 | €56,291 | €53,267 | -€3,024 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,251 | €4,588 | -€3,663 | -44.4% |
| Other operating charges | 640/8 | €5,310 | €9,375 | +€4,065 | +76.5% |
| Gross operating margin | 9900 | €78,166 | €38,736 | -€39,430 | -50.4% |
| Operating profit (loss) | 9901 | €8,313 | -€28,494 | -€36,807 | |
| Financial income | 75/76B | €25 | €45 | +€20 | +78.3% |
| Recurring financial income | 75 | €25 | €45 | +€20 | +78.3% |
| Financial charges | 65/66B | €1,955 | €640 | -€1,314 | -67.2% |
| Recurring financial charges | 65 | €1,955 | €640 | -€1,314 | -67.2% |
| Profit (loss) for the period before taxes | 9903 | €6,384 | -€29,089 | -€35,473 | |
| Income taxes | 67/77 | €242 | €232 | -€10 | -4.1% |
| Profit (loss) for the period | 9904 | €6,142 | -€29,321 | -€35,463 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,142 | -€29,321 | -€35,463 |
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 13 October 2026 via checked.be.