GGCA: what changed
Two fiscal 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.
GGCA
Largest movements
- Cash +€42,414
up €42,414 (+1195.8%), from €3,547 to €45,960
mainly Net result for the year (+€66,788) and Other debts (+€27,883)
- Receivables within one year -€24,080
down €24,080 (-39.4%), from €61,103 to €37,023
of which Other amounts receivable: -€45,418
- Tangible fixed assets +€8,879
up €8,879 (+29.0%), from €30,604 to €39,483
of which Other tangible fixed assets: +€14,551
- Other debts +€27,883
up €27,883 (+56.7%), from €49,155 to €77,037
- Reserves -€12,075
down €12,075 (-74.0%), from €16,317 to €4,241
- Tax, wage and social debts +€11,771
up €11,771 (+109.2%), from €10,779 to €22,550
of which Taxes: +€11,758
- Gross operating margin +€39,342
up €39,342 (+71.0%), from €55,375 to €94,717
- Taxes +€10,051
up €10,051 (+95.3%), from €10,544 to €20,595
- Financial income -€2,242
down €2,242 (-99.4%), from €2,254 to €13
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 | €96,261 | €123,461 | +€27,201 | +28.3% |
| Fixed assets | 21/28 | €30,654 | €39,533 | +€8,879 | +29.0% |
| Tangible fixed assets | 22/27 | €30,604 | €39,483 | +€8,879 | +29.0% |
| Furniture and vehicles | 24 | €8,029 | €2,357 | -€5,672 | -70.6% |
| Other tangible fixed assets | 26 | €22,575 | €37,126 | +€14,551 | +64.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €65,606 | €83,928 | +€18,322 | +27.9% |
| Amounts receivable within one year | 40/41 | €61,103 | €37,023 | -€24,080 | -39.4% |
| Trade receivables | 40 | €12,509 | €33,846 | +€21,337 | +170.6% |
| Other amounts receivable | 41 | €48,595 | €3,177 | -€45,418 | -93.5% |
| Cash at bank and in hand | 54/58 | €3,547 | €45,960 | +€42,414 | +1195.8% |
| Deferred charges and accrued income | 490/1 | €956 | €945 | -€11 | -1.2% |
| Total equity and liabilities | 10/49 | €96,261 | €123,461 | +€27,201 | +28.3% |
| Equity | 10/15 | €34,917 | €22,841 | -€12,075 | -34.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,317 | €4,241 | -€12,075 | -74.0% |
| Distributable reserves | 133 | €16,317 | €4,241 | -€12,075 | -74.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €61,344 | €100,620 | +€39,276 | +64.0% |
| Amounts payable within one year | 42/48 | €61,344 | €100,620 | +€39,276 | +64.0% |
| Trade debts | 44 | €1,410 | €1,033 | -€378 | -26.8% |
| Suppliers | 440/4 | €1,410 | €1,033 | -€378 | -26.8% |
| Taxes, remuneration and social security | 45 | €10,779 | €22,550 | +€11,771 | +109.2% |
| Taxes | 450/3 | €8,379 | €20,137 | +€11,758 | +140.3% |
| Remuneration and social security | 454/9 | €2,400 | €2,413 | +€13 | +0.6% |
| Other amounts payable | 47/48 | €49,155 | €77,037 | +€27,883 | +56.7% |
| Remuneration, social security and pensions | 62 | €169 | €0 | -€169 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,273 | €5,847 | -€426 | -6.8% |
| Other operating charges | 640/8 | €1,483 | €1,375 | -€108 | -7.3% |
| Gross operating margin | 9900 | €55,375 | €94,717 | +€39,342 | +71.0% |
| Operating profit (loss) | 9901 | €47,450 | €87,495 | +€40,045 | +84.4% |
| Financial income | 75/76B | €2,254 | €13 | -€2,242 | -99.4% |
| Recurring financial income | 75 | €2,254 | €13 | -€2,242 | -99.4% |
| Financial charges | 65/66B | €125 | €124 | -€0 | -0.2% |
| Recurring financial charges | 65 | €125 | €124 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €49,579 | €87,383 | +€37,803 | +76.2% |
| Income taxes | 67/77 | €10,544 | €20,595 | +€10,051 | +95.3% |
| Profit (loss) for the period | 9904 | €39,036 | €66,788 | +€27,752 | +71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,036 | €66,788 | +€27,752 | +71.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.