GGA 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.
GGA Management
Largest movements
- Cash -€159,318
down €159,318 (-81.4%), from €195,836 to €36,518
mainly Contributions, distributions and other (-€198,000) and Other debts (-€72,000)
- Reserves -€82,000
down €82,000 (-100%), from €82,000 to €0
- Other debts -€72,000
down €72,000 (-26.7%), from €270,000 to €198,000
- Tax, wage and social debts -€5,605
down €5,605 (-26.1%), from €21,484 to €15,879
of which Taxes: -€4,427
- Gross operating margin -€43,116
down €43,116 (-23.0%), from €187,197 to €144,081
- Taxes -€6,514
down €6,514 (-15.1%), from €43,243 to €36,729
- Financial income +€5,869
up €5,869 (+107%), from €5,479 to €11,348
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 | €382,276 | €221,722 | -€160,555 | -42.0% |
| Fixed assets | 21/28 | €2,227 | €1,471 | -€756 | -34.0% |
| Tangible fixed assets | 22/27 | €2,227 | €1,471 | -€756 | -34.0% |
| Furniture and vehicles | 24 | €2,227 | €1,471 | -€756 | -34.0% |
| Current assets | 29/58 | €380,050 | €220,251 | -€159,799 | -42.0% |
| Amounts receivable within one year | 40/41 | €46,213 | €45,733 | -€481 | -1.0% |
| Trade receivables | 40 | €34,827 | €34,829 | +€2 | 0.0% |
| Other amounts receivable | 41 | €11,387 | €10,904 | -€483 | -4.2% |
| Current investments | 50/53 | €138,000 | €138,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €195,836 | €36,518 | -€159,318 | -81.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €382,276 | €221,722 | -€160,555 | -42.0% |
| Equity | 10/15 | €85,544 | €2,988 | -€82,556 | -96.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €82,000 | €0 | -€82,000 | -100% |
| Distributable reserves | 133 | €82,000 | €0 | -€82,000 | -100% |
| Profit (loss) carried forward | 14 | €1,044 | €488 | -€556 | -53.2% |
| Amounts payable | 17/49 | €296,732 | €218,733 | -€77,999 | -26.3% |
| Amounts payable within one year | 42/48 | €296,732 | €218,733 | -€77,999 | -26.3% |
| Trade debts | 44 | €5,248 | €4,854 | -€394 | -7.5% |
| Suppliers | 440/4 | €5,248 | €4,854 | -€394 | -7.5% |
| Taxes, remuneration and social security | 45 | €21,484 | €15,879 | -€5,605 | -26.1% |
| Taxes | 450/3 | €20,306 | €15,879 | -€4,427 | -21.8% |
| Remuneration and social security | 454/9 | €1,178 | €0 | -€1,178 | -100% |
| Other amounts payable | 47/48 | €270,000 | €198,000 | -€72,000 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €756 | €756 | -€0 | 0.0% |
| Other operating charges | 640/8 | €622 | €1,350 | +€729 | +117% |
| Gross operating margin | 9900 | €187,197 | €144,081 | -€43,116 | -23.0% |
| Operating profit (loss) | 9901 | €185,819 | €141,975 | -€43,844 | -23.6% |
| Financial income | 75/76B | €5,479 | €11,348 | +€5,869 | +107% |
| Recurring financial income | 75 | €5,479 | €11,348 | +€5,869 | +107% |
| Financial charges | 65/66B | €1,166 | €1,150 | -€16 | -1.4% |
| Recurring financial charges | 65 | €1,166 | €1,150 | -€16 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €190,133 | €152,173 | -€37,960 | -20.0% |
| Income taxes | 67/77 | €43,243 | €36,729 | -€6,514 | -15.1% |
| Profit (loss) for the period | 9904 | €146,890 | €115,444 | -€31,446 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €146,890 | €115,444 | -€31,446 | -21.4% |
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 17 October 2026 via checked.be.