G.G.S.B.: 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.S.B.
Largest movements
- Tangible fixed assets -€20,279
down €20,279 (-24.3%), from €83,420 to €63,141
of which Furniture and vehicles: -€12,795
- Cash +€15,898
up €15,898 (+223%), from €7,126 to €23,024
mainly Depreciation (+€22,138) and Other debts (+€2,648)
- Receivables within one year -€1,094
down €1,094 (-19.3%), from €5,669 to €4,574
- Debts after one year -€6,266
down €6,266 (-31.0%), from €20,217 to €13,951
- Other debts +€2,648
up €2,648 (+7,474%), from €35 to €2,683
- Profit (loss) carried forward -€1,827
down €1,827 (-2.9%), from €63,824 to €61,997
- Gross operating margin +€5,606
up €5,606 (+14.8%), from €37,874 to €43,480
- Staff costs +€1,983
up €1,983 (+10.8%), from €18,325 to €20,308
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 | €100,128 | €94,889 | -€5,240 | -5.2% |
| Fixed assets | 21/28 | €83,420 | €63,141 | -€20,279 | -24.3% |
| Intangible fixed assets | 21 | €0 | - | -€0 | |
| Tangible fixed assets | 22/27 | €83,420 | €63,141 | -€20,279 | -24.3% |
| Plant, machinery and equipment | 23 | €45,108 | €37,624 | -€7,484 | -16.6% |
| Furniture and vehicles | 24 | €38,312 | €25,517 | -€12,795 | -33.4% |
| Current assets | 29/58 | €16,708 | €31,748 | +€15,040 | +90.0% |
| Stocks and contracts in progress | 3 | €3,913 | €4,149 | +€236 | +6.0% |
| Stocks | 30/36 | €3,913 | €4,149 | +€236 | +6.0% |
| Amounts receivable within one year | 40/41 | €5,669 | €4,574 | -€1,094 | -19.3% |
| Other amounts receivable | 41 | €5,669 | €4,574 | -€1,094 | -19.3% |
| Cash at bank and in hand | 54/58 | €7,126 | €23,024 | +€15,898 | +223% |
| Total equity and liabilities | 10/49 | €100,128 | €94,889 | -€5,240 | -5.2% |
| Equity | 10/15 | €68,824 | €66,997 | -€1,827 | -2.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,824 | €61,997 | -€1,827 | -2.9% |
| Amounts payable | 17/49 | €31,304 | €27,892 | -€3,412 | -10.9% |
| Amounts payable after more than one year | 17 | €20,217 | €13,951 | -€6,266 | -31.0% |
| Financial debts | 170/4 | €20,217 | €13,951 | -€6,266 | -31.0% |
| Amounts payable within one year | 42/48 | €10,423 | €13,941 | +€3,518 | +33.8% |
| Current portion of amounts payable after more than one year | 42 | €6,003 | €6,266 | +€263 | +4.4% |
| Trade debts | 44 | €1,012 | €1,016 | +€4 | +0.4% |
| Suppliers | 440/4 | €1,012 | €1,016 | +€4 | +0.4% |
| Taxes, remuneration and social security | 45 | €3,373 | €3,977 | +€603 | +17.9% |
| Taxes | 450/3 | €893 | €1,469 | +€576 | +64.5% |
| Remuneration and social security | 454/9 | €2,480 | €2,507 | +€27 | +1.1% |
| Other amounts payable | 47/48 | €35 | €2,683 | +€2,648 | +7,474% |
| Accrued charges and deferred income | 492/3 | €665 | - | -€665 | |
| Remuneration, social security and pensions | 62 | €18,325 | €20,308 | +€1,983 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,920 | €22,138 | +€218 | +1.0% |
| Other operating charges | 640/8 | €466 | €315 | -€151 | -32.3% |
| Gross operating margin | 9900 | €37,874 | €43,480 | +€5,606 | +14.8% |
| Operating profit (loss) | 9901 | -€2,835 | €720 | +€3,555 | |
| Financial income | 75/76B | €24 | - | -€24 | |
| Recurring financial income | 75 | €24 | - | -€24 | |
| Financial charges | 65/66B | €2,705 | €2,303 | -€402 | -14.9% |
| Recurring financial charges | 65 | €2,705 | €2,303 | -€402 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,517 | -€1,583 | +€3,933 | +71.3% |
| Income taxes | 67/77 | €222 | €244 | +€22 | +9.8% |
| Profit (loss) for the period | 9904 | -€5,739 | -€1,827 | +€3,911 | +68.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,739 | -€1,827 | +€3,911 | +68.2% |
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 29 October 2026 via checked.be.