GGF Concept: 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.
GGF Concept
Largest movements
- Receivables after one year +€95,600
new in 2024: €95,600
- Receivables within one year -€23,895
down €23,895 (-3.3%), from €729,438 to €705,543
of which Other amounts receivable: -€41,567
- Cash +€10,227
up €10,227 (+383.0%), from €2,670 to €12,897
mainly Net result for the year (+€123,461) and Advances received (+€64,866)
- Profit (loss) carried forward +€83,461
up €83,461 (+49.9%), from €167,282 to €250,743
- Trade debts -€81,483
down €81,483 (-35.0%), from €233,118 to €151,636
- Advances received +€64,866
up €64,866 (+33.5%), from €193,859 to €258,725
- Short-term financial debts -€44,041
no longer reported in 2024 (was €44,041)
- Tax, wage and social debts +€43,177
up €43,177 (+259.1%), from €16,667 to €59,844
- Gross operating margin +€171,859
up €171,859 (+486.0%), from €35,362 to €207,221
- Taxes +€48,500
up €48,500 (+3233.3%), from €1,500 to €50,000
- Depreciation -€9,517
down €9,517 (-58.8%), from €16,177 to €6,660
- Financial charges +€3,429
up €3,429 (+56.8%), from €6,039 to €9,467
- Staff costs +€3,125
new in 2024: €3,125
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €775,246 | €849,038 | +€73,791 | +9.5% |
| Fixed assets | 21/28 | €17,778 | €9,638 | -€8,140 | -45.8% |
| Tangible fixed assets | 22/27 | €10,698 | €2,558 | -€8,140 | -76.1% |
| Plant, machinery and equipment | 23 | €691 | €31 | -€660 | -95.5% |
| Furniture and vehicles | 24 | €10,007 | €2,527 | -€7,480 | -74.8% |
| Financial fixed assets | 28 | €7,080 | €7,080 | = | 0.0% |
| Current assets | 29/58 | €757,468 | €839,399 | +€81,931 | +10.8% |
| Amounts receivable after more than one year | 29 | - | €95,600 | +€95,600 | |
| Other amounts receivable | 291 | - | €95,600 | +€95,600 | |
| Stocks and contracts in progress | 3 | €11,768 | €11,768 | = | 0.0% |
| Stocks | 30/36 | €11,768 | €11,768 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €729,438 | €705,543 | -€23,895 | -3.3% |
| Trade receivables | 40 | €667,490 | €685,161 | +€17,672 | +2.6% |
| Other amounts receivable | 41 | €61,949 | €20,382 | -€41,567 | -67.1% |
| Cash at bank and in hand | 54/58 | €2,670 | €12,897 | +€10,227 | +383.0% |
| Deferred charges and accrued income | 490/1 | €13,592 | €13,592 | = | 0.0% |
| Total equity and liabilities | 10/49 | €775,246 | €849,038 | +€73,791 | +9.5% |
| Equity | 10/15 | €254,424 | €377,885 | +€123,461 | +48.5% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €66,691 | €106,691 | +€40,000 | +60.0% |
| Tax-exempt reserves | 132 | €16,691 | €16,691 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €90,000 | +€40,000 | +80.0% |
| Profit (loss) carried forward | 14 | €167,282 | €250,743 | +€83,461 | +49.9% |
| Amounts payable | 17/49 | €520,822 | €471,152 | -€49,670 | -9.5% |
| Amounts payable within one year | 42/48 | €520,822 | €471,152 | -€49,670 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €2,916 | - | -€2,916 | |
| Financial debts | 43 | €44,041 | - | -€44,041 | |
| Credit institutions | 430/8 | €44,041 | - | -€44,041 | |
| Trade debts | 44 | €233,118 | €151,636 | -€81,483 | -35.0% |
| Suppliers | 440/4 | €233,118 | €151,636 | -€81,483 | -35.0% |
| Advances received on contracts in progress | 46 | €193,859 | €258,725 | +€64,866 | +33.5% |
| Taxes, remuneration and social security | 45 | €16,667 | €59,844 | +€43,177 | +259.1% |
| Taxes | 450/3 | €16,667 | €59,844 | +€43,177 | +259.1% |
| Other amounts payable | 47/48 | €30,221 | €947 | -€29,274 | -96.9% |
| Remuneration, social security and pensions | 62 | - | €3,125 | +€3,125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,177 | €6,660 | -€9,517 | -58.8% |
| Other operating charges | 640/8 | €13,464 | €15,250 | +€1,787 | +13.3% |
| Gross operating margin | 9900 | €35,362 | €207,221 | +€171,859 | +486.0% |
| Operating profit (loss) | 9901 | €5,721 | €182,185 | +€176,464 | +3084.3% |
| Financial income | 75/76B | €0 | €743 | +€743 | +190402.6% |
| Recurring financial income | 75 | €0 | €743 | +€743 | +190402.6% |
| Financial charges | 65/66B | €6,039 | €9,467 | +€3,429 | +56.8% |
| Recurring financial charges | 65 | €6,039 | €9,467 | +€3,429 | +56.8% |
| Profit (loss) for the period before taxes | 9903 | -€317 | €173,461 | +€173,778 | |
| Income taxes | 67/77 | €1,500 | €50,000 | +€48,500 | +3233.3% |
| Profit (loss) for the period | 9904 | -€1,817 | €123,461 | +€125,278 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,817 | €123,461 | +€125,278 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.