GG ENGINEERING: 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 ENGINEERING
Largest movements
- Tangible fixed assets +€45,524
up €45,524 (+656.2%), from €6,937 to €52,461
of which Furniture and vehicles: +€45,910
- Cash +€25,300
up €25,300 (+39.6%), from €63,910 to €89,210
mainly Net result for the year (+€45,531) and Debts after one year (+€29,266)
- Receivables within one year -€4,220
down €4,220 (-11.5%), from €36,794 to €32,573
of which Trade receivables: -€20,063
- Reserves +€45,531
up €45,531 (+54.4%), from €83,714 to €129,245
- Debts after one year +€29,266
new in 2025: €29,266
- Tax, wage and social debts -€13,186
down €13,186 (-61.6%), from €21,418 to €8,232
- Current portion of long-term debt +€6,261
new in 2025: €6,261
- Gross operating margin +€23,493
up €23,493 (+49.4%), from €47,589 to €71,082
- Depreciation +€10,283
up €10,283 (+600.5%), from €1,712 to €11,995
- Taxes +€2,050
up €2,050 (+20.3%), from €10,078 to €12,128
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 | €107,641 | €174,245 | +€66,604 | +61.9% |
| Fixed assets | 21/28 | €6,937 | €52,461 | +€45,524 | +656.2% |
| Tangible fixed assets | 22/27 | €6,937 | €52,461 | +€45,524 | +656.2% |
| Plant, machinery and equipment | 23 | €1,222 | €836 | -€386 | -31.6% |
| Furniture and vehicles | 24 | €5,715 | €51,625 | +€45,910 | +803.3% |
| Current assets | 29/58 | €100,704 | €121,784 | +€21,080 | +20.9% |
| Amounts receivable within one year | 40/41 | €36,794 | €32,573 | -€4,220 | -11.5% |
| Trade receivables | 40 | €20,063 | - | -€20,063 | |
| Other amounts receivable | 41 | €16,731 | €32,573 | +€15,842 | +94.7% |
| Cash at bank and in hand | 54/58 | €63,910 | €89,210 | +€25,300 | +39.6% |
| Total equity and liabilities | 10/49 | €107,641 | €174,245 | +€66,604 | +61.9% |
| Equity | 10/15 | €84,714 | €130,245 | +€45,531 | +53.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €83,714 | €129,245 | +€45,531 | +54.4% |
| Distributable reserves | 133 | €83,714 | €129,245 | +€45,531 | +54.4% |
| Amounts payable | 17/49 | €22,927 | €43,999 | +€21,073 | +91.9% |
| Amounts payable after more than one year | 17 | - | €29,266 | +€29,266 | |
| Financial debts | 170/4 | - | €29,266 | +€29,266 | |
| Amounts payable within one year | 42/48 | €22,927 | €14,734 | -€8,193 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | - | €6,261 | +€6,261 | |
| Trade debts | 44 | €1,508 | €241 | -€1,268 | -84.0% |
| Suppliers | 440/4 | €1,508 | €241 | -€1,268 | -84.0% |
| Taxes, remuneration and social security | 45 | €21,418 | €8,232 | -€13,186 | -61.6% |
| Taxes | 450/3 | €21,418 | €8,232 | -€13,186 | -61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,712 | €11,995 | +€10,283 | +600.5% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €47,589 | €71,082 | +€23,493 | +49.4% |
| Operating profit (loss) | 9901 | €45,371 | €58,567 | +€13,195 | +29.1% |
| Financial income | 75/76B | €43 | €361 | +€318 | +734.2% |
| Recurring financial income | 75 | €43 | €361 | +€318 | +734.2% |
| Financial charges | 65/66B | €647 | €1,268 | +€621 | +95.9% |
| Recurring financial charges | 65 | €647 | €1,268 | +€621 | +95.9% |
| Profit (loss) for the period before taxes | 9903 | €44,767 | €57,659 | +€12,892 | +28.8% |
| Income taxes | 67/77 | €10,078 | €12,128 | +€2,050 | +20.3% |
| Profit (loss) for the period | 9904 | €34,689 | €45,531 | +€10,842 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,689 | €45,531 | +€10,842 | +31.3% |
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 12 October 2026 via checked.be.