GG OPERATIONS: what changed
GG OPERATIONS
Largest movements
- Tangible fixed assets -€29,145
down €29,145 (-53.0%), from €55,042 to €25,897
- Cash +€19,040
up €19,040 (+2,402%), from €793 to €19,832
mainly Net result for the year (+€30,379) and Investment in fixed assets (net) (+€24,750)
- Receivables within one year +€10,238
up €10,238 (+134%), from €7,655 to €17,893
of which Other amounts receivable: +€17,412
- Financial fixed assets -€2,600
no longer reported in 2025 (was €2,600)
- Deferred charges and accrued income -€1,297
down €1,297 (-45.8%), from €2,828 to €1,532
- Profit (loss) carried forward +€30,379
up €30,379, from -€11,337 to €19,042
- Debts after one year -€21,954
down €21,954 (-68.0%), from €32,294 to €10,340
- Trade debts -€8,916
down €8,916 (-67.5%), from €13,200 to €4,285
- Current portion of long-term debt -€5,631
down €5,631 (-20.4%), from €27,586 to €21,954
- Tax, wage and social debts +€5,365
up €5,365 (+322%), from €1,668 to €7,033
- Gross operating margin +€47,803
up €47,803 (+1,608%), from €2,973 to €50,777
- Taxes +€6,558
up €6,558 (+1,446%), from €453 to €7,012
- Depreciation -€3,937
down €3,937 (-36.0%), from €10,931 to €6,995
- Write-downs +€2,725
new in 2025: €2,725
- Other operating charges +€2,268
new in 2025: €2,268
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,918 | €65,154 | -€3,764 | -5.5% |
| Fixed assets | 21/28 | €57,642 | €25,897 | -€31,745 | -55.1% |
| Tangible fixed assets | 22/27 | €55,042 | €25,897 | -€29,145 | -53.0% |
| Furniture and vehicles | 24 | €55,042 | €25,897 | -€29,145 | -53.0% |
| Financial fixed assets | 28 | €2,600 | - | -€2,600 | |
| Current assets | 29/58 | €11,276 | €39,257 | +€27,981 | +248% |
| Amounts receivable within one year | 40/41 | €7,655 | €17,893 | +€10,238 | +134% |
| Trade receivables | 40 | €7,175 | - | -€7,175 | |
| Other amounts receivable | 41 | €480 | €17,893 | +€17,412 | +3,626% |
| Cash at bank and in hand | 54/58 | €793 | €19,832 | +€19,040 | +2,402% |
| Deferred charges and accrued income | 490/1 | €2,828 | €1,532 | -€1,297 | -45.8% |
| Total equity and liabilities | 10/49 | €68,918 | €65,154 | -€3,764 | -5.5% |
| Equity | 10/15 | -€8,837 | €21,542 | +€30,379 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,337 | €19,042 | +€30,379 | |
| Amounts payable | 17/49 | €77,755 | €43,612 | -€34,143 | -43.9% |
| Amounts payable after more than one year | 17 | €32,294 | €10,340 | -€21,954 | -68.0% |
| Financial debts | 170/4 | €32,294 | €10,340 | -€21,954 | -68.0% |
| Amounts payable within one year | 42/48 | €43,311 | €33,272 | -€10,039 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €27,586 | €21,954 | -€5,631 | -20.4% |
| Trade debts | 44 | €13,200 | €4,285 | -€8,916 | -67.5% |
| Suppliers | 440/4 | €13,200 | €4,285 | -€8,916 | -67.5% |
| Taxes, remuneration and social security | 45 | €1,668 | €7,033 | +€5,365 | +322% |
| Taxes | 450/3 | €1,668 | €7,033 | +€5,365 | +322% |
| Other amounts payable | 47/48 | €857 | - | -€857 | |
| Accrued charges and deferred income | 492/3 | €2,150 | - | -€2,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,931 | €6,995 | -€3,937 | -36.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,725 | +€2,725 | |
| Other operating charges | 640/8 | - | €2,268 | +€2,268 | |
| Gross operating margin | 9900 | €2,973 | €50,777 | +€47,803 | +1,608% |
| Operating profit (loss) | 9901 | -€7,958 | €38,789 | +€46,747 | |
| Financial income | 75/76B | €100 | €883 | +€783 | +786% |
| Recurring financial income | 75 | €100 | €883 | +€783 | +786% |
| Financial charges | 65/66B | €3,025 | €2,281 | -€745 | -24.6% |
| Recurring financial charges | 65 | €3,025 | €2,281 | -€745 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,884 | €37,391 | +€48,274 | |
| Income taxes | 67/77 | €453 | €7,012 | +€6,558 | +1,446% |
| Profit (loss) for the period | 9904 | -€11,337 | €30,379 | +€41,716 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,337 | €30,379 | +€41,716 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.