GGGC: 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.
GGGC
Largest movements
- Cash -€60,204
down €60,204 (-78.3%), from €76,875 to €16,671
mainly Investment in fixed assets (net) (-€74,439) and Other debts (-€22,450)
- Tangible fixed assets +€52,236
up €52,236 (+69.9%), from €74,764 to €127,000
of which Furniture and vehicles: +€61,947
- Reserves +€32,469
up €32,469 (+88.3%), from €36,779 to €69,248
of which Distributable reserves: +€32,469
- Other debts -€22,450
down €22,450 (-94.7%), from €23,694 to €1,244
- Debts after one year -€12,808
down €12,808 (-31.6%), from €40,587 to €27,780
- Tax, wage and social debts -€3,633
down €3,633 (-26.9%), from €13,529 to €9,896
of which Taxes: -€7,563
- Trade debts -€3,360
down €3,360 (-16.8%), from €19,943 to €16,583
- Gross operating margin +€14,151
up €14,151 (+7.9%), from €179,523 to €193,673
- Staff costs +€5,624
up €5,624 (+4.9%), from €113,849 to €119,473
- Taxes +€3,815
up €3,815 (+52.1%), from €7,327 to €11,142
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 | €165,447 | €156,159 | -€9,288 | -5.6% |
| Fixed assets | 21/28 | €74,764 | €127,000 | +€52,236 | +69.9% |
| Tangible fixed assets | 22/27 | €74,764 | €127,000 | +€52,236 | +69.9% |
| Plant, machinery and equipment | 23 | €1,370 | €815 | -€555 | -40.5% |
| Furniture and vehicles | 24 | €38,121 | €100,068 | +€61,947 | +162.5% |
| Other tangible fixed assets | 26 | €35,273 | €26,118 | -€9,155 | -26.0% |
| Current assets | 29/58 | €90,683 | €29,159 | -€61,524 | -67.8% |
| Stocks and contracts in progress | 3 | €6,772 | €7,049 | +€277 | +4.1% |
| Stocks | 30/36 | €6,772 | €7,049 | +€277 | +4.1% |
| Amounts receivable within one year | 40/41 | €1,912 | €1,449 | -€463 | -24.2% |
| Trade receivables | 40 | €992 | €820 | -€172 | -17.3% |
| Other amounts receivable | 41 | €920 | €629 | -€291 | -31.7% |
| Cash at bank and in hand | 54/58 | €76,875 | €16,671 | -€60,204 | -78.3% |
| Deferred charges and accrued income | 490/1 | €5,124 | €3,990 | -€1,134 | -22.1% |
| Total equity and liabilities | 10/49 | €165,447 | €156,159 | -€9,288 | -5.6% |
| Equity | 10/15 | €55,379 | €87,848 | +€32,469 | +58.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,779 | €69,248 | +€32,469 | +88.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €34,919 | €67,388 | +€32,469 | +93.0% |
| Amounts payable | 17/49 | €110,068 | €68,311 | -€41,757 | -37.9% |
| Amounts payable after more than one year | 17 | €40,587 | €27,780 | -€12,808 | -31.6% |
| Financial debts | 170/4 | €40,587 | €27,780 | -€12,808 | -31.6% |
| Amounts payable within one year | 42/48 | €69,481 | €40,532 | -€28,949 | -41.7% |
| Current portion of amounts payable after more than one year | 42 | €12,314 | €12,808 | +€494 | +4.0% |
| Trade debts | 44 | €19,943 | €16,583 | -€3,360 | -16.8% |
| Suppliers | 440/4 | €19,943 | €16,583 | -€3,360 | -16.8% |
| Taxes, remuneration and social security | 45 | €13,529 | €9,896 | -€3,633 | -26.9% |
| Taxes | 450/3 | €8,323 | €760 | -€7,563 | -90.9% |
| Remuneration and social security | 454/9 | €5,207 | €9,136 | +€3,930 | +75.5% |
| Other amounts payable | 47/48 | €23,694 | €1,244 | -€22,450 | -94.7% |
| Non-recurring operating income | 76A | €14,482 | €208 | -€14,274 | -98.6% |
| Remuneration, social security and pensions | 62 | €113,849 | €119,473 | +€5,624 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,993 | €22,203 | +€1,211 | +5.8% |
| Other operating charges | 640/8 | €2,988 | €2,572 | -€416 | -13.9% |
| Gross operating margin | 9900 | €179,523 | €193,673 | +€14,151 | +7.9% |
| Operating profit (loss) | 9901 | €41,693 | €49,425 | +€7,731 | +18.5% |
| Financial income | 75/76B | €25 | €2 | -€23 | -91.0% |
| Recurring financial income | 75 | €25 | €2 | -€23 | -91.0% |
| Financial charges | 65/66B | €5,106 | €5,815 | +€709 | +13.9% |
| Recurring financial charges | 65 | €4,773 | €4,715 | -€58 | -1.2% |
| Non-recurring financial charges | 66B | €332 | €1,100 | +€768 | +231.1% |
| Profit (loss) for the period before taxes | 9903 | €36,612 | €43,612 | +€6,999 | +19.1% |
| Income taxes | 67/77 | €7,327 | €11,142 | +€3,815 | +52.1% |
| Profit (loss) for the period | 9904 | €29,285 | €32,469 | +€3,184 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,285 | €32,469 | +€3,184 | +10.9% |
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 12 October 2026 via checked.be.