GGNP: 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.
GGNP
Largest movements
- Cash +€69,651
up €69,651 (+300.6%), from €23,171 to €92,822
mainly Net result for the year (+€36,618) and Current investments (+€20,000)
- Current investments -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Tangible fixed assets -€5,345
down €5,345 (-49.8%), from €10,725 to €5,380
of which Furniture and vehicles: -€5,252
- Receivables within one year -€1,297
down €1,297 (-100.0%), from €1,297 to €0
of which Other amounts receivable: -€997
- Profit (loss) carried forward +€36,618
up €36,618 (+67.6%), from €54,159 to €90,778
- Tax, wage and social debts +€2,988
up €2,988 (+44.2%), from €6,763 to €9,751
- Other debts +€2,380
up €2,380, from €0 to €2,380
- Gross operating margin +€15,023
up €15,023 (+41.0%), from €36,681 to €51,704
- Taxes +€3,251
up €3,251 (+47.7%), from €6,818 to €10,069
- Depreciation +€887
up €887 (+19.9%), from €4,458 to €5,345
- Financial income +€878
up €878 (+480.4%), from €183 to €1,061
- Other operating charges -€681
down €681 (-53.9%), from €1,263 to €582
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 | €67,460 | €109,792 | +€42,332 | +62.8% |
| Fixed assets | 21/28 | €10,725 | €5,380 | -€5,345 | -49.8% |
| Tangible fixed assets | 22/27 | €10,725 | €5,380 | -€5,345 | -49.8% |
| Furniture and vehicles | 24 | €9,891 | €4,639 | -€5,252 | -53.1% |
| Other tangible fixed assets | 26 | €834 | €741 | -€93 | -11.2% |
| Current assets | 29/58 | €56,736 | €104,413 | +€47,677 | +84.0% |
| Amounts receivable within one year | 40/41 | €1,297 | €0 | -€1,297 | -100.0% |
| Trade receivables | 40 | €300 | €0 | -€300 | -100.0% |
| Other amounts receivable | 41 | €997 | €0 | -€997 | -100.0% |
| Current investments | 50/53 | €20,000 | €0 | -€20,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €23,171 | €92,822 | +€69,651 | +300.6% |
| Deferred charges and accrued income | 490/1 | €12,268 | €11,591 | -€677 | -5.5% |
| Total equity and liabilities | 10/49 | €67,460 | €109,792 | +€42,332 | +62.8% |
| Equity | 10/15 | €55,659 | €92,278 | +€36,618 | +65.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,159 | €90,778 | +€36,618 | +67.6% |
| Amounts payable | 17/49 | €11,801 | €17,515 | +€5,714 | +48.4% |
| Amounts payable within one year | 42/48 | €11,747 | €17,483 | +€5,736 | +48.8% |
| Trade debts | 44 | €4,984 | €5,352 | +€369 | +7.4% |
| Suppliers | 440/4 | €4,984 | €5,352 | +€369 | +7.4% |
| Taxes, remuneration and social security | 45 | €6,763 | €9,751 | +€2,988 | +44.2% |
| Taxes | 450/3 | €6,763 | €9,751 | +€2,988 | +44.2% |
| Other amounts payable | 47/48 | €0 | €2,380 | +€2,380 | |
| Accrued charges and deferred income | 492/3 | €54 | €31 | -€23 | -42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,458 | €5,345 | +€887 | +19.9% |
| Other operating charges | 640/8 | €1,263 | €582 | -€681 | -53.9% |
| Gross operating margin | 9900 | €36,681 | €51,704 | +€15,023 | +41.0% |
| Operating profit (loss) | 9901 | €30,959 | €45,777 | +€14,818 | +47.9% |
| Financial income | 75/76B | €183 | €1,061 | +€878 | +480.4% |
| Recurring financial income | 75 | €183 | €1,061 | +€878 | +480.4% |
| Financial charges | 65/66B | €282 | €150 | -€132 | -46.9% |
| Recurring financial charges | 65 | €282 | €150 | -€132 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €30,859 | €46,688 | +€15,828 | +51.3% |
| Income taxes | 67/77 | €6,818 | €10,069 | +€3,251 | +47.7% |
| Profit (loss) for the period | 9904 | €24,041 | €36,618 | +€12,577 | +52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,041 | €36,618 | +€12,577 | +52.3% |
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.