GG TECHNICS: 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 TECHNICS
Largest movements
- Receivables within one year +€54,941
up €54,941 (+66.1%), from €83,150 to €138,092
of which Trade receivables: +€54,313
- Tangible fixed assets -€9,291
down €9,291 (-73.5%), from €12,640 to €3,349
of which Furniture and vehicles: -€9,235
- Stocks and contracts -€5,352
down €5,352 (-29.4%), from €18,200 to €12,848
- Cash -€2,544
down €2,544 (-59.4%), from €4,286 to €1,742
mainly Receivables within one year (-€54,941) and Current portion of long-term debt (-€8,347)
- Profit (loss) carried forward +€30,034
up €30,034 (+17.1%), from -€175,917 to -€145,883
- Debts after one year +€16,945
up €16,945 (+12.0%), from €141,239 to €158,184
of which Other amounts payable: +€26,500
- Current portion of long-term debt -€8,347
down €8,347 (-54.0%), from €15,460 to €7,113
- Trade debts -€4,592
down €4,592 (-7.3%), from €62,896 to €58,304
of which Suppliers: -€5,724
- Tax, wage and social debts +€3,324
up €3,324 (+130.0%), from €2,558 to €5,882
- Gross operating margin +€127,907
up €127,907, from -€87,279 to €40,629
- Financial charges -€35,667
down €35,667 (-96.4%), from €37,003 to €1,335
- Depreciation -€1,541
down €1,541 (-14.2%), from €10,832 to €9,291
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 | €118,666 | €156,030 | +€37,364 | +31.5% |
| Fixed assets | 21/28 | €12,640 | €3,349 | -€9,291 | -73.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €12,640 | €3,349 | -€9,291 | -73.5% |
| Plant, machinery and equipment | 23 | €56 | €0 | -€56 | -100.0% |
| Furniture and vehicles | 24 | €12,583 | €3,349 | -€9,235 | -73.4% |
| Current assets | 29/58 | €106,026 | €152,681 | +€46,655 | +44.0% |
| Stocks and contracts in progress | 3 | €18,200 | €12,848 | -€5,352 | -29.4% |
| Stocks | 30/36 | €18,200 | €12,848 | -€5,352 | -29.4% |
| Amounts receivable within one year | 40/41 | €83,150 | €138,092 | +€54,941 | +66.1% |
| Trade receivables | 40 | €70,064 | €124,376 | +€54,313 | +77.5% |
| Other amounts receivable | 41 | €13,086 | €13,715 | +€629 | +4.8% |
| Cash at bank and in hand | 54/58 | €4,286 | €1,742 | -€2,544 | -59.4% |
| Deferred charges and accrued income | 490/1 | €390 | - | -€390 | |
| Total equity and liabilities | 10/49 | €118,666 | €156,030 | +€37,364 | +31.5% |
| Equity | 10/15 | -€121,953 | -€91,918 | +€30,034 | +24.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,365 | €35,365 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €33,505 | €33,505 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,917 | -€145,883 | +€30,034 | +17.1% |
| Amounts payable | 17/49 | €240,618 | €247,948 | +€7,330 | +3.0% |
| Amounts payable after more than one year | 17 | €141,239 | €158,184 | +€16,945 | +12.0% |
| Financial debts | 170/4 | €9,555 | - | -€9,555 | |
| Other amounts payable | 178/9 | €131,684 | €158,184 | +€26,500 | +20.1% |
| Amounts payable within one year | 42/48 | €80,914 | €71,299 | -€9,615 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €15,460 | €7,113 | -€8,347 | -54.0% |
| Trade debts | 44 | €62,896 | €58,304 | -€4,592 | -7.3% |
| Suppliers | 440/4 | €61,572 | €55,848 | -€5,724 | -9.3% |
| Bills of exchange payable | 441 | €1,324 | €2,457 | +€1,133 | +85.6% |
| Taxes, remuneration and social security | 45 | €2,558 | €5,882 | +€3,324 | +130.0% |
| Taxes | 450/3 | €2,558 | €5,882 | +€3,324 | +130.0% |
| Accrued charges and deferred income | 492/3 | €18,466 | €18,466 | = | 0.0% |
| Non-recurring operating income | 76A | - | €11,592 | +€11,592 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,832 | €9,291 | -€1,541 | -14.2% |
| Other operating charges | 640/8 | - | €557 | +€557 | |
| Non-recurring operating charges | 66A | €305 | - | -€305 | |
| Gross operating margin | 9900 | -€87,279 | €40,629 | +€127,907 | |
| Operating profit (loss) | 9901 | -€98,416 | €30,781 | +€129,197 | |
| Financial income | 75/76B | €606 | €589 | -€17 | -2.8% |
| Recurring financial income | 75 | €606 | €589 | -€17 | -2.8% |
| Financial charges | 65/66B | €37,003 | €1,335 | -€35,667 | -96.4% |
| Recurring financial charges | 65 | €37,003 | €1,335 | -€35,667 | -96.4% |
| Profit (loss) for the period before taxes | 9903 | -€134,813 | €30,035 | +€164,848 | |
| Income taxes | 67/77 | €276 | €0 | -€276 | -99.9% |
| Profit (loss) for the period | 9904 | -€135,089 | €30,034 | +€165,124 | |
| Profit (loss) for the period to be appropriated | 9905 | -€135,089 | €30,034 | +€165,124 |
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.