GG Management: 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 Management
Largest movements
- Cash -€66,777
down €66,777 (-26.1%), from €255,566 to €188,789
mainly Investment in fixed assets (net) (-€33,691) and Net result for the year (-€16,963)
- Tangible fixed assets +€31,350
up €31,350 (+1,021%), from €3,071 to €34,421
of which Furniture and vehicles: +€32,839
- Receivables within one year +€9,371
up €9,371 (+55.2%), from €16,966 to €26,337
of which Other amounts receivable: +€7,995
- Profit (loss) carried forward -€16,963
down €16,963 (-107%), from -€15,812 to -€32,775
- Other debts -€7,418
down €7,418 (-6.7%), from €111,368 to €103,949
- Gross operating margin -€858
down €858 (-7.6%), from -€11,242 to -€12,100
- Financial charges +€492
up €492 (+29.1%), from €1,689 to €2,182
- Depreciation -€191
down €191 (-7.5%), from €2,532 to €2,341
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 | €275,603 | €249,547 | -€26,056 | -9.5% |
| Fixed assets | 21/28 | €3,071 | €34,421 | +€31,350 | +1,021% |
| Tangible fixed assets | 22/27 | €3,071 | €34,421 | +€31,350 | +1,021% |
| Plant, machinery and equipment | 23 | €3,071 | €1,582 | -€1,489 | -48.5% |
| Furniture and vehicles | 24 | €0 | €32,839 | +€32,839 | |
| Current assets | 29/58 | €272,532 | €215,126 | -€57,406 | -21.1% |
| Amounts receivable within one year | 40/41 | €16,966 | €26,337 | +€9,371 | +55.2% |
| Trade receivables | 40 | €5,400 | €6,776 | +€1,376 | +25.5% |
| Other amounts receivable | 41 | €11,566 | €19,561 | +€7,995 | +69.1% |
| Cash at bank and in hand | 54/58 | €255,566 | €188,789 | -€66,777 | -26.1% |
| Total equity and liabilities | 10/49 | €275,603 | €249,547 | -€26,056 | -9.5% |
| Equity | 10/15 | €157,762 | €140,799 | -€16,963 | -10.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €161,174 | €161,174 | = | 0.0% |
| Distributable reserves | 133 | €161,174 | €161,174 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,812 | -€32,775 | -€16,963 | -107% |
| Amounts payable | 17/49 | €117,841 | €108,747 | -€9,093 | -7.7% |
| Amounts payable within one year | 42/48 | €117,841 | €108,747 | -€9,093 | -7.7% |
| Financial debts | 43 | €3,402 | €3,387 | -€15 | -0.4% |
| Other loans | 439 | €3,402 | €3,387 | -€15 | -0.4% |
| Trade debts | 44 | €444 | €300 | -€144 | -32.4% |
| Suppliers | 440/4 | €444 | €300 | -€144 | -32.4% |
| Taxes, remuneration and social security | 45 | €2,627 | €1,111 | -€1,516 | -57.7% |
| Taxes | 450/3 | €2,627 | €1,111 | -€1,516 | -57.7% |
| Other amounts payable | 47/48 | €111,368 | €103,949 | -€7,418 | -6.7% |
| Non-recurring operating income | 76A | €6,500 | €0 | -€6,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,532 | €2,341 | -€191 | -7.5% |
| Other operating charges | 640/8 | €125 | €129 | +€4 | +3.1% |
| Gross operating margin | 9900 | -€11,242 | -€12,100 | -€858 | -7.6% |
| Operating profit (loss) | 9901 | -€13,899 | -€14,570 | -€671 | -4.8% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €1,689 | €2,182 | +€492 | +29.1% |
| Recurring financial charges | 65 | €1,689 | €2,182 | +€492 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,584 | -€16,752 | -€1,168 | -7.5% |
| Income taxes | 67/77 | €228 | €211 | -€17 | -7.5% |
| Profit (loss) for the period | 9904 | -€15,812 | -€16,963 | -€1,151 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,812 | -€16,963 | -€1,151 | -7.3% |
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 13 October 2026 via checked.be.