GG Finance: what changed
What changed
GG Finance
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€416,177
2024 · €335,401+€80,776
Equity
€155,000
2024 · €649,432-€494,432
Cash
€34,745
2024 · €120,670-€85,925
Balance sheet total
€501,218
2024 · €1.3m-€807,353
Largest movements
Assets
- Receivables after one year -€738,500
down €738,500 (-90.8%), from €813,500 to €75,000
- Cash -€85,925
down €85,925 (-71.2%), from €120,670 to €34,745
mainly Contributions, distributions and other (-€910,609) and Other debts (-€143,840)
- Receivables within one year +€50,985
up €50,985 (+39.7%), from €128,467 to €179,452
of which Trade receivables: +€56,648
- Tangible fixed assets -€25,571
down €25,571 (-10.9%), from €234,149 to €208,578
of which Furniture and vehicles: -€23,035
Equity and liabilities
- Reserves -€494,432
down €494,432 (-76.7%), from €644,432 to €150,000
- Other debts -€143,840
down €143,840 (-57.5%), from €250,000 to €106,160
- Tax, wage and social debts -€120,476
down €120,476 (-54.5%), from €220,921 to €100,444
- Debts after one year -€46,973
down €46,973 (-34.4%), from €136,440 to €89,467
Income statement
- Gross operating margin +€117,819
up €117,819 (+25.6%), from €459,897 to €577,717
- Taxes +€35,481
up €35,481 (+32.7%), from €108,342 to €143,822
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€335,401
Gross operating margin
+€117,819
Depreciation
+€972
Other operating charges
+€87
Financial income
-€4,846
Financial charges
+€2,224
Taxes
-€35,481
Result 2025
€416,177
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€870,936
Investment
€0
Financing
-€956,861
Cash 2024
€120,670
From operations (derived)
+€870,936
Net result for the year
+€416,177
Depreciation
+€25,571
Receivables after one year
+€738,500
Receivables within one year
-€50,985
Deferred charges and accrued income
+€8,343
Trade debts
+€399
Tax, wage and social debts
-€120,476
Other debts
-€143,840
Accrued charges and deferred income
-€2,751
Financing
-€956,861
Debts after one year
-€46,973
Current portion of long-term debt
+€721
Contributions, distributions and other
-€910,609
Cash 2025
€34,745
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,308,571 | €501,218 | -€807,353 | -61.7% |
| Fixed assets | 21/28 | €234,149 | €208,578 | -€25,571 | -10.9% |
| Tangible fixed assets | 22/27 | €234,149 | €208,578 | -€25,571 | -10.9% |
| Plant, machinery and equipment | 23 | €5,283 | €4,655 | -€627 | -11.9% |
| Furniture and vehicles | 24 | €226,257 | €203,222 | -€23,035 | -10.2% |
| Other tangible fixed assets | 26 | €2,609 | €701 | -€1,908 | -73.1% |
| Current assets | 29/58 | €1,074,422 | €292,639 | -€781,783 | -72.8% |
| Amounts receivable after more than one year | 29 | €813,500 | €75,000 | -€738,500 | -90.8% |
| Other amounts receivable | 291 | €813,500 | €75,000 | -€738,500 | -90.8% |
| Amounts receivable within one year | 40/41 | €128,467 | €179,452 | +€50,985 | +39.7% |
| Trade receivables | 40 | €122,804 | €179,452 | +€56,648 | +46.1% |
| Other amounts receivable | 41 | €5,663 | €0 | -€5,663 | -100% |
| Cash at bank and in hand | 54/58 | €120,670 | €34,745 | -€85,925 | -71.2% |
| Deferred charges and accrued income | 490/1 | €11,785 | €3,443 | -€8,343 | -70.8% |
| Total equity and liabilities | 10/49 | €1,308,571 | €501,218 | -€807,353 | -61.7% |
| Equity | 10/15 | €649,432 | €155,000 | -€494,432 | -76.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €644,432 | €150,000 | -€494,432 | -76.7% |
| Distributable reserves | 133 | €644,432 | €150,000 | -€494,432 | -76.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €659,139 | €346,218 | -€312,921 | -47.5% |
| Amounts payable after more than one year | 17 | €136,440 | €89,467 | -€46,973 | -34.4% |
| Financial debts | 170/4 | €136,440 | €89,467 | -€46,973 | -34.4% |
| Amounts payable within one year | 42/48 | €519,882 | €256,685 | -€263,197 | -50.6% |
| Current portion of amounts payable after more than one year | 42 | €46,252 | €46,973 | +€721 | +1.6% |
| Trade debts | 44 | €2,709 | €3,107 | +€399 | +14.7% |
| Suppliers | 440/4 | €2,709 | €3,107 | +€399 | +14.7% |
| Taxes, remuneration and social security | 45 | €220,921 | €100,444 | -€120,476 | -54.5% |
| Taxes | 450/3 | €220,921 | €100,444 | -€120,476 | -54.5% |
| Other amounts payable | 47/48 | €250,000 | €106,160 | -€143,840 | -57.5% |
| Accrued charges and deferred income | 492/3 | €2,817 | €66 | -€2,751 | -97.7% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,542 | €25,571 | -€972 | -3.7% |
| Other operating charges | 640/8 | €1,925 | €1,838 | -€87 | -4.5% |
| Gross operating margin | 9900 | €459,897 | €577,717 | +€117,819 | +25.6% |
| Operating profit (loss) | 9901 | €431,430 | €550,308 | +€118,878 | +27.6% |
| Financial income | 75/76B | €21,135 | €16,290 | -€4,846 | -22.9% |
| Recurring financial income | 75 | €21,135 | €16,290 | -€4,846 | -22.9% |
| Financial charges | 65/66B | €8,823 | €6,598 | -€2,224 | -25.2% |
| Recurring financial charges | 65 | €8,823 | €6,598 | -€2,224 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €443,742 | €559,999 | +€116,257 | +26.2% |
| Income taxes | 67/77 | €108,342 | €143,822 | +€35,481 | +32.7% |
| Profit (loss) for the period | 9904 | €335,401 | €416,177 | +€80,776 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €335,401 | €416,177 | +€80,776 | +24.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.