GGB SOLUTIONS: 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.
GGB SOLUTIONS
Largest movements
- Cash +€49,817
up €49,817 (+92.8%), from €53,690 to €103,507
mainly Net result for the year (+€71,366) and Depreciation (+€26,192)
- Current investments +€30,531
up €30,531 (+41.3%), from €73,991 to €104,522
- Receivables within one year -€17,519
down €17,519 (-15.9%), from €110,306 to €92,787
of which Trade receivables: -€20,212
- Tangible fixed assets +€5,524
up €5,524 (+8.2%), from €67,561 to €73,084
of which Other tangible fixed assets: +€22,954
- Reserves +€71,366
up €71,366 (+33.3%), from €214,528 to €285,895
- Debts after one year -€13,474
down €13,474 (-62.7%), from €21,495 to €8,021
- Tax, wage and social debts +€10,778
up €10,778 (+47.1%), from €22,893 to €33,671
- Gross operating margin +€21,812
up €21,812 (+19.9%), from €109,500 to €131,311
- Taxes +€6,002
up €6,002 (+22.6%), from €26,554 to €32,556
- Depreciation +€3,184
up €3,184 (+13.8%), from €23,008 to €26,192
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 | €309,764 | €378,305 | +€68,541 | +22.1% |
| Fixed assets | 21/28 | €67,561 | €73,084 | +€5,524 | +8.2% |
| Tangible fixed assets | 22/27 | €67,561 | €73,084 | +€5,524 | +8.2% |
| Plant, machinery and equipment | 23 | €23,765 | €6,653 | -€17,113 | -72.0% |
| Furniture and vehicles | 24 | €43,795 | €43,478 | -€317 | -0.7% |
| Other tangible fixed assets | 26 | - | €22,954 | +€22,954 | |
| Current assets | 29/58 | €242,204 | €305,221 | +€63,017 | +26.0% |
| Amounts receivable within one year | 40/41 | €110,306 | €92,787 | -€17,519 | -15.9% |
| Trade receivables | 40 | €103,933 | €83,721 | -€20,212 | -19.4% |
| Other amounts receivable | 41 | €6,373 | €9,066 | +€2,693 | +42.2% |
| Current investments | 50/53 | €73,991 | €104,522 | +€30,531 | +41.3% |
| Cash at bank and in hand | 54/58 | €53,690 | €103,507 | +€49,817 | +92.8% |
| Deferred charges and accrued income | 490/1 | €4,216 | €4,405 | +€189 | +4.5% |
| Total equity and liabilities | 10/49 | €309,764 | €378,305 | +€68,541 | +22.1% |
| Equity | 10/15 | €214,528 | €285,895 | +€71,366 | +33.3% |
| Reserves | 13 | €214,528 | €285,895 | +€71,366 | +33.3% |
| Distributable reserves | 133 | €214,528 | €285,895 | +€71,366 | +33.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €36,245 | €36,245 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €36,245 | €36,245 | = | 0.0% |
| Pensions and similar obligations | 160 | €36,245 | €36,245 | = | 0.0% |
| Amounts payable | 17/49 | €58,991 | €56,166 | -€2,825 | -4.8% |
| Amounts payable after more than one year | 17 | €21,495 | €8,021 | -€13,474 | -62.7% |
| Financial debts | 170/4 | €21,495 | €8,021 | -€13,474 | -62.7% |
| Amounts payable within one year | 42/48 | €37,274 | €47,945 | +€10,671 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €13,131 | €13,474 | +€342 | +2.6% |
| Trade debts | 44 | €1,249 | €800 | -€449 | -35.9% |
| Suppliers | 440/4 | €1,249 | €800 | -€449 | -35.9% |
| Taxes, remuneration and social security | 45 | €22,893 | €33,671 | +€10,778 | +47.1% |
| Taxes | 450/3 | €22,893 | €33,671 | +€10,778 | +47.1% |
| Accrued charges and deferred income | 492/3 | €223 | €200 | -€23 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,008 | €26,192 | +€3,184 | +13.8% |
| Other operating charges | 640/8 | €1,840 | €1,230 | -€610 | -33.1% |
| Gross operating margin | 9900 | €109,500 | €131,311 | +€21,812 | +19.9% |
| Operating profit (loss) | 9901 | €84,652 | €103,889 | +€19,237 | +22.7% |
| Financial income | 75/76B | €932 | €1,039 | +€108 | +11.6% |
| Recurring financial income | 75 | €932 | €1,039 | +€108 | +11.6% |
| Financial charges | 65/66B | €1,292 | €1,006 | -€286 | -22.1% |
| Recurring financial charges | 65 | €1,292 | €1,006 | -€286 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €84,292 | €103,923 | +€19,631 | +23.3% |
| Income taxes | 67/77 | €26,554 | €32,556 | +€6,002 | +22.6% |
| Profit (loss) for the period | 9904 | €57,737 | €71,366 | +€13,629 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,737 | €71,366 | +€13,629 | +23.6% |
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 10 October 2026 via checked.be.