G.G.L.: 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.L.
Largest movements
- Tangible fixed assets +€14,012
up €14,012 (+9.0%), from €155,460 to €169,472
- Cash -€6,196
down €6,196 (-75.8%), from €8,178 to €1,982
mainly Investment in fixed assets (net) (-€26,760) and Debts after one year (-€8,512)
- Other debts +€21,824
up €21,824 (+39.6%), from €55,089 to €76,912
- Debts after one year -€8,512
no longer reported in 2024 (was €8,512)
- Current portion of long-term debt -€8,295
down €8,295 (-49.4%), from €16,807 to €8,512
- Profit (loss) carried forward +€6,940
up €6,940 (+2.8%), from -€250,679 to -€243,740
- Trade debts -€6,106
down €6,106 (-94.0%), from €6,493 to €387
- Gross operating margin -€7,434
down €7,434 (-24.4%), from €30,504 to €23,071
- Depreciation +€1,596
up €1,596 (+14.3%), from €11,152 to €12,748
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €163,638 | €171,454 | +€7,815 | +4.8% |
| Fixed assets | 21/28 | €155,460 | €169,472 | +€14,012 | +9.0% |
| Tangible fixed assets | 22/27 | €155,460 | €169,472 | +€14,012 | +9.0% |
| Land and buildings | 22 | €155,460 | €169,472 | +€14,012 | +9.0% |
| Current assets | 29/58 | €8,178 | €1,982 | -€6,196 | -75.8% |
| Cash at bank and in hand | 54/58 | €8,178 | €1,982 | -€6,196 | -75.8% |
| Total equity and liabilities | 10/49 | €163,638 | €171,454 | +€7,815 | +4.8% |
| Equity | 10/15 | €76,738 | €84,043 | +€7,305 | +9.5% |
| Contributions | 10/11 | €299,951 | €299,951 | = | 0.0% |
| Capital | 10 | €299,951 | €299,951 | = | 0.0% |
| Issued capital | 100 | €299,951 | €299,951 | = | 0.0% |
| Reserves | 13 | €27,466 | €27,831 | +€365 | +1.3% |
| Non-distributable reserves | 130/1 | €27,466 | €27,831 | +€365 | +1.3% |
| Legal reserve | 130 | €27,466 | €27,831 | +€365 | +1.3% |
| Profit (loss) carried forward | 14 | -€250,679 | -€243,740 | +€6,940 | +2.8% |
| Amounts payable | 17/49 | €86,900 | €87,411 | +€511 | +0.6% |
| Amounts payable after more than one year | 17 | €8,512 | - | -€8,512 | |
| Financial debts | 170/4 | €8,512 | - | -€8,512 | |
| Amounts payable within one year | 42/48 | €78,388 | €85,811 | +€7,423 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €16,807 | €8,512 | -€8,295 | -49.4% |
| Trade debts | 44 | €6,493 | €387 | -€6,106 | -94.0% |
| Suppliers | 440/4 | €6,493 | €387 | -€6,106 | -94.0% |
| Other amounts payable | 47/48 | €55,089 | €76,912 | +€21,824 | +39.6% |
| Accrued charges and deferred income | 492/3 | - | €1,600 | +€1,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,152 | €12,748 | +€1,596 | +14.3% |
| Other operating charges | 640/8 | €2,448 | €2,548 | +€100 | +4.1% |
| Gross operating margin | 9900 | €30,504 | €23,071 | -€7,434 | -24.4% |
| Operating profit (loss) | 9901 | €16,905 | €7,775 | -€9,130 | -54.0% |
| Financial charges | 65/66B | €746 | €470 | -€275 | -36.9% |
| Recurring financial charges | 65 | €746 | €470 | -€275 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €16,159 | €7,305 | -€8,855 | -54.8% |
| Profit (loss) for the period | 9904 | €16,159 | €7,305 | -€8,855 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,159 | €7,305 | -€8,855 | -54.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.