GGL: 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.
GGL
Largest movements
- Receivables within one year -€1,495
down €1,495 (-12.0%), from €12,451 to €10,956
- Cash +€1,286
up €1,286 (+25.7%), from €4,994 to €6,280
mainly Net result for the year (+€4,945) and Other debts (+€1,598)
- Profit (loss) carried forward +€4,222
no longer reported in 2025 (was -€4,222)
- Trade debts -€2,789
down €2,789 (-57.8%), from €4,825 to €2,036
- Tax, wage and social debts -€2,342
down €2,342 (-30.4%), from €7,704 to €5,362
of which Taxes: -€2,342
- Advances received -€1,615
no longer reported in 2025 (was €1,615)
- Other debts +€1,598
up €1,598 (+71.1%), from €2,248 to €3,847
- Financial charges +€966
up €966 (+52.6%), from €1,836 to €2,802
- Other operating charges -€495
down €495 (-35.2%), from €1,406 to €911
- Gross operating margin -€282
down €282 (-2.3%), from €12,078 to €11,796
- Taxes +€276
up €276 (+9.7%), from €2,862 to €3,139
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 | €17,597 | €17,395 | -€202 | -1.1% |
| Current assets | 29/58 | €17,597 | €17,395 | -€202 | -1.1% |
| Amounts receivable within one year | 40/41 | €12,451 | €10,956 | -€1,495 | -12.0% |
| Trade receivables | 40 | €12,451 | €10,956 | -€1,495 | -12.0% |
| Cash at bank and in hand | 54/58 | €4,994 | €6,280 | +€1,286 | +25.7% |
| Deferred charges and accrued income | 490/1 | €151 | €159 | +€8 | +5.0% |
| Total equity and liabilities | 10/49 | €17,597 | €17,395 | -€202 | -1.1% |
| Equity | 10/15 | €1,205 | €6,150 | +€4,945 | +410.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €426 | €1,150 | +€723 | +169.7% |
| Distributable reserves | 133 | €426 | €1,150 | +€723 | +169.7% |
| Profit (loss) carried forward | 14 | -€4,222 | - | +€4,222 | |
| Amounts payable | 17/49 | €16,392 | €11,245 | -€5,147 | -31.4% |
| Amounts payable within one year | 42/48 | €16,392 | €11,245 | -€5,147 | -31.4% |
| Trade debts | 44 | €4,825 | €2,036 | -€2,789 | -57.8% |
| Suppliers | 440/4 | €4,825 | €2,036 | -€2,789 | -57.8% |
| Advances received on contracts in progress | 46 | €1,615 | - | -€1,615 | |
| Taxes, remuneration and social security | 45 | €7,704 | €5,362 | -€2,342 | -30.4% |
| Taxes | 450/3 | €4,961 | €2,619 | -€2,342 | -47.2% |
| Remuneration and social security | 454/9 | €2,743 | €2,743 | = | 0.0% |
| Other amounts payable | 47/48 | €2,248 | €3,847 | +€1,598 | +71.1% |
| Other operating charges | 640/8 | €1,406 | €911 | -€495 | -35.2% |
| Gross operating margin | 9900 | €12,078 | €11,796 | -€282 | -2.3% |
| Operating profit (loss) | 9901 | €10,672 | €10,885 | +€213 | +2.0% |
| Financial charges | 65/66B | €1,836 | €2,802 | +€966 | +52.6% |
| Recurring financial charges | 65 | €1,836 | €2,802 | +€966 | +52.6% |
| Profit (loss) for the period before taxes | 9903 | €8,837 | €8,084 | -€753 | -8.5% |
| Income taxes | 67/77 | €2,862 | €3,139 | +€276 | +9.7% |
| Profit (loss) for the period | 9904 | €5,974 | €4,945 | -€1,029 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,974 | €4,945 | -€1,029 | -17.2% |
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 11 October 2026 via checked.be.