GG TRADING: what changed
What changed
GG TRADING
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€500,874
2023 · €959,269-€458,395
Equity
€5.4m
2023 · €5.0m+€400,874
Cash
€2,712
2023 · €62,653-€59,941
Balance sheet total
€7.6m
2023 · €7.1m+€443,918
Largest movements
Assets
- Tangible fixed assets +€596,043
up €596,043 (+39.6%), from €1.5m to €2.1m
of which Land and buildings: +€595,425
- Receivables within one year -€251,006
down €251,006 (-18.4%), from €1.4m to €1.1m
of which Other amounts receivable: -€231,296
- Receivables after one year +€160,000
new in 2024: €160,000
Equity and liabilities
- Reserves +€400,874
up €400,874 (+10.6%), from €3.8m to €4.2m
of which Distributable reserves: +€494,690
- Debts after one year +€153,187
up €153,187 (+9.9%), from €1.5m to €1.7m
- Other debts -€123,695
down €123,695 (-41.8%), from €295,884 to €172,188
Income statement
- Financial income -€398,393
down €398,393 (-49.8%), from €799,334 to €400,942
- Gross operating margin -€61,238
down €61,238 (-19.0%), from €322,862 to €261,624
- Depreciation +€29,826
up €29,826 (+54.4%), from €54,816 to €84,643
- Taxes -€16,370
down €16,370 (-40.8%), from €40,093 to €23,723
- Financial charges -€13,762
down €13,762 (-23.8%), from €57,856 to €44,094
Change in the result, 2023 to 2024
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 2023
€959,269
Gross operating margin
-€61,238
Staff costs
+€964
Depreciation
-€29,826
Other operating charges
-€625
Other operating items
+€591
Financial income
-€398,393
Financial charges
+€13,762
Taxes
+€16,370
Result 2024
€500,874
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€494,100
Investment
-€680,686
Financing
+€126,646
Cash 2023
€62,653
From operations (derived)
+€494,100
Net result for the year
+€500,874
Depreciation
+€84,643
Receivables after one year
-€160,000
Receivables within one year
+€251,006
Deferred charges and accrued income
+€1,179
Trade debts
-€36,634
Tax, wage and social debts
-€23,273
Other debts
-€123,695
Investment (derived)
-€680,686
Investment in fixed assets (net)
-€680,686
Financing
+€126,646
Debts after one year
+€153,187
Current portion of long-term debt
+€73,459
Contributions, distributions and other
-€100,000
Cash 2024
€2,712
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,146,883 | €7,590,800 | +€443,918 | +6.2% |
| Fixed assets | 21/28 | €5,701,360 | €6,297,404 | +€596,043 | +10.5% |
| Tangible fixed assets | 22/27 | €1,506,448 | €2,102,491 | +€596,043 | +39.6% |
| Land and buildings | 22 | €1,496,972 | €2,092,396 | +€595,425 | +39.8% |
| Plant, machinery and equipment | 23 | €1,388 | €925 | -€463 | -33.3% |
| Furniture and vehicles | 24 | €8,088 | €9,170 | +€1,081 | +13.4% |
| Financial fixed assets | 28 | €4,194,913 | €4,194,913 | = | 0.0% |
| Current assets | 29/58 | €1,445,523 | €1,293,397 | -€152,126 | -10.5% |
| Amounts receivable after more than one year | 29 | - | €160,000 | +€160,000 | |
| Other amounts receivable | 291 | - | €160,000 | +€160,000 | |
| Amounts receivable within one year | 40/41 | €1,367,309 | €1,116,302 | -€251,006 | -18.4% |
| Trade receivables | 40 | €19,710 | €0 | -€19,710 | -100% |
| Other amounts receivable | 41 | €1,347,599 | €1,116,302 | -€231,296 | -17.2% |
| Cash at bank and in hand | 54/58 | €62,653 | €2,712 | -€59,941 | -95.7% |
| Deferred charges and accrued income | 490/1 | €15,561 | €14,382 | -€1,179 | -7.6% |
| Total equity and liabilities | 10/49 | €7,146,883 | €7,590,800 | +€443,918 | +6.2% |
| Equity | 10/15 | €5,006,333 | €5,407,207 | +€400,874 | +8.0% |
| Contributions | 10/11 | €1,231,000 | €1,231,000 | = | 0.0% |
| Reserves | 13 | €3,775,333 | €4,176,207 | +€400,874 | +10.6% |
| Non-distributable reserves | 130/1 | €93,816 | €0 | -€93,816 | -100% |
| Reserves not available under the articles | 1311 | €93,816 | €0 | -€93,816 | -100% |
| Distributable reserves | 133 | €3,681,518 | €4,176,207 | +€494,690 | +13.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,140,550 | €2,183,593 | +€43,043 | +2.0% |
| Amounts payable after more than one year | 17 | €1,546,552 | €1,699,739 | +€153,187 | +9.9% |
| Financial debts | 170/4 | €1,546,552 | €1,699,739 | +€153,187 | +9.9% |
| Amounts payable within one year | 42/48 | €593,997 | €483,854 | -€110,143 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €153,354 | €226,813 | +€73,459 | +47.9% |
| Trade debts | 44 | €72,149 | €35,515 | -€36,634 | -50.8% |
| Suppliers | 440/4 | €72,149 | €35,515 | -€36,634 | -50.8% |
| Taxes, remuneration and social security | 45 | €72,610 | €49,337 | -€23,273 | -32.1% |
| Taxes | 450/3 | €72,610 | €49,337 | -€23,273 | -32.1% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €295,884 | €172,188 | -€123,695 | -41.8% |
| Remuneration, social security and pensions | 62 | €382 | -€582 | -€964 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,816 | €84,643 | +€29,826 | +54.4% |
| Other operating charges | 640/8 | €9,190 | €9,814 | +€625 | +6.8% |
| Non-recurring operating charges | 66A | €591 | - | -€591 | |
| Gross operating margin | 9900 | €322,862 | €261,624 | -€61,238 | -19.0% |
| Operating profit (loss) | 9901 | €257,884 | €167,749 | -€90,134 | -35.0% |
| Financial income | 75/76B | €799,334 | €400,942 | -€398,393 | -49.8% |
| Recurring financial income | 75 | €799,334 | €400,942 | -€398,393 | -49.8% |
| Financial charges | 65/66B | €57,856 | €44,094 | -€13,762 | -23.8% |
| Recurring financial charges | 65 | €57,856 | €44,094 | -€13,762 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €999,362 | €524,597 | -€474,765 | -47.5% |
| Income taxes | 67/77 | €40,093 | €23,723 | -€16,370 | -40.8% |
| Profit (loss) for the period | 9904 | €959,269 | €500,874 | -€458,395 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €959,269 | €500,874 | -€458,395 | -47.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.