GGIP: 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.
GGIP
Largest movements
- Receivables within one year +€2,262
up €2,262 (+12.0%), from €18,799 to €21,061
of which Trade receivables: +€7,713
- Tangible fixed assets +€1,044
up €1,044 (+41.3%), from €2,525 to €3,568
of which Furniture and vehicles: +€1,135
- Trade debts +€5,497
up €5,497 (+72.2%), from €7,612 to €13,109
- Profit (loss) carried forward -€4,885
down €4,885 (-35.7%), from €13,693 to €8,808
- Advances received +€2,871
up €2,871 (+168.4%), from €1,704 to €4,575
- Other debts -€435
no longer reported in 2025 (was €435)
- Gross operating margin +€1,020
up €1,020 (+26.8%), from -€3,803 to -€2,783
- Depreciation +€310
up €310 (+28.9%), from €1,074 to €1,384
- Other operating charges +€86
up €86 (+15.4%), from €559 to €645
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 | €23,944 | €26,993 | +€3,048 | +12.7% |
| Fixed assets | 21/28 | €2,525 | €3,568 | +€1,044 | +41.3% |
| Tangible fixed assets | 22/27 | €2,525 | €3,568 | +€1,044 | +41.3% |
| Plant, machinery and equipment | 23 | €520 | €429 | -€91 | -17.5% |
| Furniture and vehicles | 24 | €2,005 | €3,139 | +€1,135 | +56.6% |
| Current assets | 29/58 | €21,420 | €23,424 | +€2,005 | +9.4% |
| Amounts receivable within one year | 40/41 | €18,799 | €21,061 | +€2,262 | +12.0% |
| Trade receivables | 40 | €10,767 | €18,480 | +€7,713 | +71.6% |
| Other amounts receivable | 41 | €8,032 | €2,581 | -€5,451 | -67.9% |
| Cash at bank and in hand | 54/58 | €2,521 | €2,263 | -€258 | -10.2% |
| Deferred charges and accrued income | 490/1 | €100 | €100 | = | 0.0% |
| Total equity and liabilities | 10/49 | €23,944 | €26,993 | +€3,048 | +12.7% |
| Equity | 10/15 | €14,193 | €9,308 | -€4,885 | -34.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,693 | €8,808 | -€4,885 | -35.7% |
| Amounts payable | 17/49 | €9,751 | €17,685 | +€7,933 | +81.4% |
| Amounts payable within one year | 42/48 | €9,751 | €17,685 | +€7,933 | +81.4% |
| Trade debts | 44 | €7,612 | €13,109 | +€5,497 | +72.2% |
| Suppliers | 440/4 | €7,612 | €13,109 | +€5,497 | +72.2% |
| Advances received on contracts in progress | 46 | €1,704 | €4,575 | +€2,871 | +168.4% |
| Other amounts payable | 47/48 | €435 | - | -€435 | |
| Non-recurring operating income | 76A | €4,334 | - | -€4,334 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,074 | €1,384 | +€310 | +28.9% |
| Other operating charges | 640/8 | €559 | €645 | +€86 | +15.4% |
| Gross operating margin | 9900 | -€3,803 | -€2,783 | +€1,020 | +26.8% |
| Operating profit (loss) | 9901 | -€5,436 | -€4,812 | +€624 | +11.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +700.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +700.0% |
| Financial charges | 65/66B | €72 | €73 | +€1 | +1.8% |
| Recurring financial charges | 65 | €72 | €73 | +€1 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,508 | -€4,885 | +€623 | +11.3% |
| Profit (loss) for the period | 9904 | -€5,508 | -€4,885 | +€623 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,508 | -€4,885 | +€623 | +11.3% |
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 5 October 2026 via checked.be.