GG Quality: 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 Quality
Largest movements
- Receivables within one year -€38,175
down €38,175 (-99.6%), from €38,332 to €157
of which Trade receivables: -€35,871
- Cash +€13,361
up €13,361 (+88.6%), from €15,074 to €28,435
mainly Receivables within one year (+€38,175) and Net result for the year (+€16,350)
- Tangible fixed assets -€571
down €571 (-50.1%), from €1,140 to €569
- Other debts -€33,044
down €33,044 (-91.7%), from €36,025 to €2,982
- Reserves +€9,350
up €9,350 (+2575.3%), from €363 to €9,713
- Tax, wage and social debts -€1,020
down €1,020 (-12.4%), from €8,247 to €7,227
- Gross operating margin -€25,935
down €25,935 (-50.7%), from €51,154 to €25,219
- Taxes -€2,670
down €2,670 (-27.0%), from €9,897 to €7,227
- Depreciation -€1,259
down €1,259 (-68.8%), from €1,829 to €571
- Other operating charges +€787
new in 2025: €787
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 | €54,546 | €29,341 | -€25,205 | -46.2% |
| Fixed assets | 21/28 | €1,140 | €569 | -€571 | -50.1% |
| Tangible fixed assets | 22/27 | €1,140 | €569 | -€571 | -50.1% |
| Furniture and vehicles | 24 | €1,140 | €569 | -€571 | -50.1% |
| Current assets | 29/58 | €53,406 | €28,772 | -€24,634 | -46.1% |
| Amounts receivable within one year | 40/41 | €38,332 | €157 | -€38,175 | -99.6% |
| Trade receivables | 40 | €35,871 | - | -€35,871 | |
| Other amounts receivable | 41 | €2,461 | €157 | -€2,304 | -93.6% |
| Cash at bank and in hand | 54/58 | €15,074 | €28,435 | +€13,361 | +88.6% |
| Deferred charges and accrued income | 490/1 | - | €180 | +€180 | |
| Total equity and liabilities | 10/49 | €54,546 | €29,341 | -€25,205 | -46.2% |
| Equity | 10/15 | €5,363 | €14,713 | +€9,350 | +174.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €363 | €9,713 | +€9,350 | +2575.3% |
| Distributable reserves | 133 | €363 | €9,713 | +€9,350 | +2575.3% |
| Amounts payable | 17/49 | €49,183 | €14,628 | -€34,555 | -70.3% |
| Amounts payable within one year | 42/48 | €49,183 | €14,628 | -€34,555 | -70.3% |
| Trade debts | 44 | €4,910 | €4,419 | -€491 | -10.0% |
| Suppliers | 440/4 | €4,910 | €4,419 | -€491 | -10.0% |
| Taxes, remuneration and social security | 45 | €8,247 | €7,227 | -€1,020 | -12.4% |
| Taxes | 450/3 | €8,247 | €7,227 | -€1,020 | -12.4% |
| Other amounts payable | 47/48 | €36,025 | €2,982 | -€33,044 | -91.7% |
| Non-recurring operating income | 76A | €12,837 | - | -€12,837 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,829 | €571 | -€1,259 | -68.8% |
| Other operating charges | 640/8 | - | €787 | +€787 | |
| Gross operating margin | 9900 | €51,154 | €25,219 | -€25,935 | -50.7% |
| Operating profit (loss) | 9901 | €49,324 | €23,861 | -€25,463 | -51.6% |
| Financial charges | 65/66B | €190 | €284 | +€94 | +49.5% |
| Recurring financial charges | 65 | €190 | €284 | +€94 | +49.5% |
| Profit (loss) for the period before taxes | 9903 | €49,135 | €23,577 | -€25,557 | -52.0% |
| Income taxes | 67/77 | €9,897 | €7,227 | -€2,670 | -27.0% |
| Profit (loss) for the period | 9904 | €39,238 | €16,350 | -€22,888 | -58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,238 | €16,350 | -€22,888 | -58.3% |
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.