G.G.O.: 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.O.
Largest movements
- Tangible fixed assets -€882
down €882 (-11.9%), from €7,421 to €6,539
- Profit (loss) carried forward -€889
down €889 (-80.1%), from €1,109 to €220
- Financial charges +€7
new in 2025: €7
- Gross operating margin -€1
no longer reported in 2025 (was €1)
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 | €11,098 | €10,209 | -€889 | -8.0% |
| Fixed assets | 21/28 | €7,421 | €6,539 | -€882 | -11.9% |
| Tangible fixed assets | 22/27 | €7,421 | €6,539 | -€882 | -11.9% |
| Plant, machinery and equipment | 23 | €7,421 | €6,539 | -€882 | -11.9% |
| Current assets | 29/58 | €3,677 | €3,670 | -€7 | -0.2% |
| Amounts receivable within one year | 40/41 | €3,670 | €3,670 | = | 0.0% |
| Trade receivables | 40 | €2,759 | €2,759 | = | 0.0% |
| Other amounts receivable | 41 | €911 | €911 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7 | - | -€7 | |
| Total equity and liabilities | 10/49 | €11,098 | €10,209 | -€889 | -8.0% |
| Equity | 10/15 | €1,110 | €221 | -€889 | -80.1% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Capital | 10 | €1 | €1 | = | 0.0% |
| Issued capital | 100 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,109 | €220 | -€889 | -80.1% |
| Amounts payable | 17/49 | €9,988 | €9,988 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,988 | €9,988 | = | 0.0% |
| Financial debts | 43 | €27 | €27 | = | 0.0% |
| Credit institutions | 430/8 | €27 | €27 | = | 0.0% |
| Trade debts | 44 | €1,000 | €1,000 | = | 0.0% |
| Suppliers | 440/4 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,072 | €2,072 | = | 0.0% |
| Taxes | 450/3 | €2,072 | €2,072 | = | 0.0% |
| Other amounts payable | 47/48 | €6,889 | €6,889 | = | 0.0% |
| Non-recurring operating income | 76A | €1 | - | -€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €882 | €882 | -€0 | 0.0% |
| Gross operating margin | 9900 | €1 | - | -€1 | |
| Operating profit (loss) | 9901 | -€880 | -€882 | -€1 | -0.2% |
| Financial charges | 65/66B | - | €7 | +€7 | |
| Recurring financial charges | 65 | - | €7 | +€7 | |
| Profit (loss) for the period before taxes | 9903 | -€880 | -€889 | -€8 | -1.0% |
| Profit (loss) for the period | 9904 | -€880 | -€889 | -€8 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€880 | -€889 | -€8 | -1.0% |
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 27 October 2026 via checked.be.