GG +: 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.
GG +
Largest movements
- Tangible fixed assets +€4.4m
up €4.4m (+732.5%), from €599,318 to €5.0m
of which Land and buildings: +€4.3m
- Receivables within one year -€75,715
down €75,715 (-13.5%), from €558,952 to €483,237
of which Other amounts receivable: -€140,000
- Debts after one year +€2.9m
up €2.9m (+662.3%), from €443,227 to €3.4m
- Other debts +€1.5m
up €1.5m (+326.6%), from €462,766 to €2.0m
- Profit (loss) carried forward -€264,130
down €264,130 (-25.0%), from €1.1m to €793,092
- Trade debts +€183,063
up €183,063 (+205.4%), from €89,103 to €272,166
- Reserves +€94,396
up €94,396 (+17.9%), from €527,860 to €622,256
of which Distributable reserves: +€94,396
- Gross operating margin -€98,808
down €98,808 (-86.2%), from €114,589 to €15,780
- Financial income +€94,396
new in 2025: €94,396
of which Financial income: +€94,396
- Depreciation +€23,403
up €23,403 (+1647.6%), from €1,420 to €24,824
- Other operating charges +€7,860
up €7,860 (+800.8%), from €982 to €8,842
- Financial charges +€7,663
up €7,663 (+114.8%), from €6,673 to €14,336
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.
Cash bridge derived
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 | €2,634,882 | €7,069,432 | +€4.4m | +168.3% |
| Fixed assets | 21/28 | €1,969,318 | €6,359,265 | +€4.4m | +222.9% |
| Tangible fixed assets | 22/27 | €599,318 | €4,989,265 | +€4.4m | +732.5% |
| Land and buildings | 22 | €599,318 | €4,939,057 | +€4.3m | +724.1% |
| Plant, machinery and equipment | 23 | €0 | €50,208 | +€50,208 | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,370,000 | €1,370,000 | = | 0.0% |
| Current assets | 29/58 | €665,564 | €710,167 | +€44,603 | +6.7% |
| Amounts receivable within one year | 40/41 | €558,952 | €483,237 | -€75,715 | -13.5% |
| Trade receivables | 40 | €292,724 | €357,009 | +€64,286 | +22.0% |
| Other amounts receivable | 41 | €266,228 | €126,228 | -€140,000 | -52.6% |
| Cash at bank and in hand | 54/58 | €7,855 | €66,735 | +€58,881 | +749.6% |
| Deferred charges and accrued income | 490/1 | €98,758 | €160,194 | +€61,436 | +62.2% |
| Total equity and liabilities | 10/49 | €2,634,882 | €7,069,432 | +€4.4m | +168.3% |
| Equity | 10/15 | €1,603,681 | €1,433,948 | -€169,734 | -10.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €527,860 | €622,256 | +€94,396 | +17.9% |
| Non-distributable reserves | 130/1 | €402,860 | €402,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €401,000 | €401,000 | = | 0.0% |
| Distributable reserves | 133 | €125,000 | €219,396 | +€94,396 | +75.5% |
| Profit (loss) carried forward | 14 | €1,057,221 | €793,092 | -€264,130 | -25.0% |
| Amounts payable | 17/49 | €1,031,201 | €5,635,484 | +€4.6m | +446.5% |
| Amounts payable after more than one year | 17 | €443,227 | €3,378,745 | +€2.9m | +662.3% |
| Financial debts | 170/4 | €443,227 | €3,378,745 | +€2.9m | +662.3% |
| Amounts payable within one year | 42/48 | €587,974 | €2,247,739 | +€1.7m | +282.3% |
| Trade debts | 44 | €89,103 | €272,166 | +€183,063 | +205.4% |
| Suppliers | 440/4 | €89,103 | €272,166 | +€183,063 | +205.4% |
| Taxes, remuneration and social security | 45 | €36,105 | €1,383 | -€34,722 | -96.2% |
| Taxes | 450/3 | €36,105 | €1,383 | -€34,722 | -96.2% |
| Other amounts payable | 47/48 | €462,766 | €1,974,190 | +€1.5m | +326.6% |
| Accrued charges and deferred income | 492/3 | - | €9,000 | +€9,000 | |
| Remuneration, social security and pensions | 62 | €1,422 | €1,524 | +€103 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,420 | €24,824 | +€23,403 | +1647.6% |
| Other operating charges | 640/8 | €982 | €8,842 | +€7,860 | +800.8% |
| Non-recurring operating charges | 66A | - | €204,062 | +€204,062 | |
| Gross operating margin | 9900 | €114,589 | €15,780 | -€98,808 | -86.2% |
| Operating profit (loss) | 9901 | €110,765 | -€223,472 | -€334,237 | |
| Financial income | 75/76B | - | €94,396 | +€94,396 | |
| Recurring financial income | 75 | - | €94,396 | +€94,396 | |
| Non-recurring financial income | 76B | - | €94,396 | +€94,396 | |
| Financial charges | 65/66B | €6,673 | €14,336 | +€7,663 | +114.8% |
| Recurring financial charges | 65 | €6,673 | €14,336 | +€7,663 | +114.8% |
| Profit (loss) for the period before taxes | 9903 | €104,092 | -€143,412 | -€247,503 | |
| Income taxes | 67/77 | €29,879 | €26,322 | -€3,558 | -11.9% |
| Profit (loss) for the period | 9904 | €74,212 | -€169,734 | -€243,946 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,212 | -€169,734 | -€243,946 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.